How to spread your forex business in Japan
Some say that Japanese people are kinda rich compared to other countries. I think it’s right, somewhat. They sometimes deposit over $10000 to their account with no regret even if they don’t know much about their broker.
Of course, there are still poor people but the average is higher than almost all of the countries.
When you are going to do forex business in Japan, there are some problems. First, introducing brokers are forbidden in Japan even if you have license. Strictly speaking it’s not illegal. The authority haven’t said anything about it.
However, there are some brokers which spread their market in Japan. so, how do they do that? To be honest, they have Japanese introducing brokers. That’s why I said it’s not illegal. That’s very fuzzy.
by the way, if you might know but almost all of the Japanese people can’t read or speak English. Don’t try to contact them in English. It’ll end up with nothing. The younger can use English better than the older somewhat. But it’s irony. Young people in Japan don’t have money as older people.
So, there is a theory. If you want to get Japanese customers, you should look for a young man who can use English and have connection to older people.
Let me say first, this is just for MQL programmer.