Japan Options and Futures Trading Board has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.joftb.org.
What really bothers me about Japan Options and Futures Trading Board is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after hearing about them at a conference and I fell for the polished exterior. Never again.
Pros: Quick verification|Tax reports included|No hidden fees
Cons: Search feature is basic|Slow to add new assets
I lost a significant amount because Japan Options and Futures Trading Board did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Personal attention|Dividend tracking|Instant funding|Risk management tools
Cons: Wish they had more educational resources
KYC with Japan Options and Futures Trading Board is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Market news feed|Dedicated account manager|Smooth onboarding|High security standards
Cons: Nothing significant|No dark mode on mobile
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Japan Options and Futures Trading Board said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast execution|Multi-device support|Good analytical tools
Cons: Account statements could be more detailed
Do not be fooled by the professional-looking website. Behind the scenes, Japan Options and Futures Trading Board is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Comprehensive tools|Fast execution|Multi-currency support
Cons: Wait times can be long during peak hours
I have been trying to close my account with Japan Options and Futures Trading Board for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Easy to use platform|Market news feed|Full transparency|Professional team
Cons: Limited demo account features