Tokyo Commodity Exchange Account Type

The Tokyo Commodity Exchange (TOCOM) offers several classes of memberships for traders looking to access its markets. The types of accounts available include:

• Broker Members:
• Monthly Membership Fee: JPY 60,000 per market division.
• Provides direct market access and voting rights.
• Trade Members:
• Monthly Membership Fee: JPY 50,000 per market division.
• No direct market access, but voting rights are granted.
• Remote Broker Members:
• Monthly Membership Fee: JPY 50,000 per market division.
• Similar benefits as Broker Members but for remote operations.
• Remote Trade Members:
• Monthly Membership Fee: JPY 50,000 per market division.
• Similar to Trade Members but allows for remote trading.
• Affiliate Members:
• Monthly Membership Fee: JPY 10,000 per market division.
• Limited access compared to other membership types.

TOCOM does not require members to have a physical business location in Japan, allowing for international participation.

Tokyo Commodity Exchange Broker Account Opening Process

To open a broker account with the Tokyo Commodity Exchange, follow these steps:

• Consultation: Engage with TOCOM to understand the requirements and types of memberships available.

• Application Submission:

• Complete the membership application form provided by TOCOM.
• Ensure all necessary documentation is prepared, including proof of identity and financial background.
• Examination of Qualifications:
• The Self-Regulatory Committee (SRC) will conduct a thorough examination of the applicant's qualifications, which typically takes about three months.
• Approval and Registration:
• Upon approval, the applicant will pay the registration fees and conclude a membership agreement with TOCOM.
• Deposit Guarantee Funds:
• Members are required to deposit guarantee funds as part of their membership obligations.
• Access to Trading:
• Once the account is set up, members can start trading on TOCOM using the J-Gate trading platform.

For more detailed information on the membership types and the application process, refer to the official TOCOM membership guide.