Discover foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website --, about the company's legal and temporary regulatory information, the company's address .
Discover Forex Broker
Basic information
Japan
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: Discover's official website: https://www.discoveripfx.com/ is currently inaccessible normally.
DiscoverReview Summary
Discover Information
Discover is a broker incorporated in Japan in 2023, offering Forex, Commodities, Indices, Options to traders, and providing its own trading platform Discover FX. In addition, it says it offers low spreads and supports fee waivers. As of now, Discover is unregulated and contains too little information.
Is Discover Legit?
Discover is currently unregulated and its website is inaccessible.
Pros and Cons
| Pros | Cons |
| Low spreads | Serve Japanese traders only |
| Fee-free trading | No regulatory authorization from NFA |
| Trading platform is compatible with various devices | Limited educational resources |
| Limited research tools |
Market Instruments
Discover offers a wide array of trading assets accessible through a single account. These include commodities, forex, indices, and options, among others.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Options | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Leverage
Discover JFX offers a maximum leverage of 1:400 on major currency pairs, which means that you can control up to $400,000 for every $1,000 you deposit. This can be a great way to amplify your profits, but it is also important to remember that it can also amplify your losses. For example, if you lose 1% of your account balance with a leverage of 1:400, you will lose 40% of your deposit.
Discover Fees
Discover says it offers a low-spread and fee-free environment for forex trading. It does not charge any fees for foreign exchange transactions.
Trading Platform
Discover offers Discover FX Trading platform across various operating systems, including iOS, Android, and Mac.
| Trading Platform | Supported | Available Devices | Suitable for |
| Discover FX | ✔ | Desktop, Mobile | All traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Customer Support
Discover offers customer support primarily through phone contact, with the company's phone number listed as +81 04-2000-2818.
Rating Index
Discover Similarly Rated Brokers
Latest Reviews
Laterbit
Belarus
Their response is timely when you have an issue. Though I have a problem with the payment method set for instance when you deposit using PayPal you can't withdraw the funds to mpesa. Ensure flexibility in withdrawal of funds, one should be able to withdraw funds using payment method of their choice regardless of which payment method they used to deposit.
Neutral
2024-07-03
Alice S.Saitama
New Zealand
My price alerts stopped activating more than 2 weeks ago, I sent them emails, Live chat is useless as I spoke to at least 7 people and they all disappeared and the chat ended!!! This is nonsense support, as now I have to watch the market all day waiting for the price to get to a specific zone.
Neutral
2024-06-28
HongLON
Pakistan
I was new to the platform and needed to connect my Meta trader to my forex account. Customer service helped me step by step in doing so.
Positive
2024-07-09