Banyo Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.banyo-sec.co.jp/index.php, the company's legitimate regulatory information JapanFSARetail Forex License, to enhance the security of the company's address 〒670-0925 姫路市亀井町53.
Banyo Forex Broker
Basic information
Japan
15-20 years Regulated in Japan Retail Forex License Suspicious Scope of Business Medium potential riskCompany profile
Banyo Information
Banyo, established in 1962, offers many assets to trade including Stocks, Bonds, ETFs, and Mutual Funds, with the regulation of the Financial Services Agency (FSA). However, account information is limited.
Pros and Cons
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Is Banyo Legit?
Banyo has a Retail Forex License regulated by the Financial Services Agency (FSA) in Japan with a license number of 近畿財務局長（金商）第29号.
What Can I Trade on Banyo?
Banyo offers many assets to trade, mainly including Stocks, Bonds, Exchange Traded Funds (ETFs), and Mutual Funds.
| Tradable Instruments | Supported |
| Stock | ✔ |
| Bond | ✔ |
| ETFs | ✔ |
| Mutual Funds | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Banyo Fees
Banyo charges fees for account application, asset custody, redemption, and other miscellaneous services. You can refer to the table for details.
| Fee Category | Description | Amount | Notes |
| Application Fee | Fee for opening a new account | Up to 3.85% of the net asset value (NAV) | Depends on the number of units, amount, or value of the application |
| Custody Fee | Fee for holding the assets | Up to 2.20% per annum of the NAV | |
| Redemption Fee | Fee for redeeming units | Up to 0.5% of the NAV on the redemption date | |
| Other Fees | Audit fees, trading commissions for securities, custody fees for assets held overseas, etc. | Varies depending on the product | Fees may change depending on the holding period |
Deposit and Withdrawal
Banyo's minimum deposit is JYP 10,000. The specific fees for deposit and withdrawal are not provided.