Banyo Forex Broker

Banyo Review SummaryFounded1962Registered Country/RegionJapanRegulationFSAMarket InstrumentsStocks, Bonds, Exchange Traded Funds (ETFs), and Mutual FundsDemo AccountNot MentionedMin DepositJYP 10,000Banyo 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 ConsProsConsRegulated by FSALimited information on account typeHigh minimum depositIs 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 InstrumentsSupportedStock✔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 CategoryDescriptionAmountNotesApplication FeeFee for opening a new accountUp to 3.85% of the net asset value (NAV)Depends on the number of units, amount, or value of the applicationCustody FeeFee for holding the assetsUp to 2.20% per annum of the NAVRedemption FeeFee for redeeming unitsUp to 0.5% of the NAV on the redemption dateOther FeesAudit fees, trading commissions for securities, custody fees for assets held overseas, etc.Varies depending on the productFees may change depending on the holding periodDeposit and Withdrawal Banyo's minimum deposit is JYP 10,000. The specific fees for deposit and withdrawal are not provided.