Search
LINE FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://line-fx.com/..., the company's legitimate regulatory information JapanFSARetail Forex License to enhance the security of the company's address

LINE FX Forex Broker

Basic Information

Keywords
5-10 years
Regulated in Japan
Retail Forex License
Medium potential risk

Company profile

LINE FXReview SummaryFounded2019-04-23Registered Country/RegionJapanRegulationUnregulatedProducts 23 currency pairsLeverageUp to 1:25SpreadFrom 0.3 pipsTrading PlatformLINE FX(Smart Phone)/LINE FX Pro(PC)/TradingViewX, Line, FacebookLINE FX Information Registered in Japan, LINE FX is a securities company that has access to 23 currency pairs without commission. EUR/USD core time (fixed in principle) 9:00 am – 5:00 am the next day is 0.3 pips, other times are 0.4-9.0 pips. The lower the spread, the better the liquidity. The transaction fee is 0 yen. However, there is a difference (spread) between the bid and ask prices of the currencies LINE FX offers. When placing an order, a margin of 4% or more (leverage 25 times) is required for each currency pair.Is LINE FX Legit? The Financial Services Agency(FSA) regulates LINE FX with license number 関東財務局長(金商)第3144号 and License Type Retail Forex License, making it safer than unregulated.Trading Tools Trading tools for beginners and experts, TradingView has charting capabilities, LINE FX is available for smartphones, and LINE FX Pro is suitable for PCTrading ToolsSupported Available Devices LINE FX✔Smart PhoneLINE FX Pro✔PCTradingView✔-Deposit and Withdrawal LINE FX accepts bank transfers and QuickCash for payment and bank transfers for withdrawals. Bank transfer payments require a commission. Except for QuickCash payments that specify financial institutions, other payments apply to all banks and the processing time is generally within 24 hours.ProcedurePayment MethodsCommission Available financial institutionsBusiness hoursPaymentBank transferCustomer's responsibilityAll banksGenerally 24 hoursQuickCashfree Mitsubishi UFJ BankSumitomo Mitsui Banking CorporationMizuho BankSumishin SBI Net BankRakuten Bank JapanPost BankPayPay BankWithdrawalBank transferfreeAll banks

Rating Index

How to login to LINE FX?
LINE FX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a LINE FX Account Opening a LINE FX account is the first step toward engaging in forex trading through this user-friendly platform. Follow these detailed steps to

  

LINE FX Broker - Complete Information Guide

  

1. Broker Overview

  LINE FX, officially known as LINE Securities Corporation, was established in 2018 and is headquartered in Tokyo, Japan. The company operates as a private entity and specializes in providing foreign exchange trading services. It primarily serves retail clients, focusing on individual traders seeking to engage in forex markets.

  Since its inception, LINE FX has made significant strides in the financial services sector, particularly in the retail forex trading space. The company has established a reputation for being a regulated broker under the Financial Services Agency (FSA) in Japan, holding a retail forex license (license number: 関東 財務 局長 ( 金 商 ) 第 3144 号). This regulatory oversight ensures that the broker adheres to strict operational standards, providing a level of trust and security for its clients.

  LINE FX's business model revolves around offering a commission-free trading environment, allowing clients to trade without incurring additional costs per transaction. The broker primarily focuses on forex trading, providing access to 23 major currency pairs. As part of its growth strategy, LINE FX has integrated advanced trading technologies and user-friendly platforms to enhance the trading experience for its clients.

  

2. Regulatory and Compliance Information

  LINE FX is regulated by the Financial Services Agency (FSA) of Japan, which is the primary regulatory authority overseeing financial institutions in the country. The regulatory license number is 関東 財務 局長 ( 金 商 ) 第 3144 号, confirming its legitimacy and compliance with local laws.

  The license encompasses a range of activities, primarily focusing on retail forex trading. The FSA's oversight ensures that LINE FX operates within a framework designed to protect investors, maintain market integrity, and promote fair trading practices. The company is committed to adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing measures to verify the identity of its clients and prevent illicit activities.

  To safeguard client funds, LINE FX employs a robust customer fund segregation policy, ensuring that client assets are held separately from the company's operational funds. This practice enhances the protection of client investments in the event of financial difficulties faced by the broker.

  

3. Trading Products and Services

  LINE FX offers a diverse range of trading products, primarily focusing on foreign exchange. The broker provides access to 23 major currency pairs, including popular pairs such as USD/JPY, EUR/USD, and GBP/USD. This extensive selection allows traders to capitalize on fluctuations in global exchange rates effectively.

  While LINE FX specializes in forex trading, it does not currently offer a wide array of other financial instruments such as commodities, stocks, or cryptocurrencies. This specialization in forex trading makes it an attractive option for traders primarily focused on currency markets.

  The trading services are designed to cater to both novice and experienced traders, providing a user-friendly trading environment. The broker offers a variety of order types, including market orders, limit orders, and stop-limit orders, enabling traders to execute their strategies effectively.

  

4. Trading Platforms and Technology

  LINE FX utilizes proprietary trading platforms, namely LINE FX Pro for PC and the LINE FX App for mobile devices. Notably, the broker does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which may be a drawback for some traders who prefer these established systems.

  The LINE FX Pro platform is designed for desktop users, offering advanced charting tools, technical indicators, and a seamless trading experience. On the other hand, the LINE FX App provides mobile traders with access to real-time market data, allowing them to monitor their positions and execute trades on the go.

  LINE FX employs a Straight Through Processing (STP) model, ensuring efficient trade execution with minimal latency. The broker's technological infrastructure is built to support high-frequency trading and provide clients with reliable access to the forex markets.

  

5. Account Types and Trading Conditions

  LINE FX offers a standard trading account, which allows clients to engage in forex trading with no minimum deposit requirement. The broker operates on a commission-free basis, and spreads for major currency pairs start from 0.3 pips.

  The leverage offered by LINE FX is set at a maximum of 1:25, meaning traders can control larger positions with a smaller amount of capital. This leverage level is consistent with regulatory standards in Japan, aimed at protecting retail investors from excessive risk.

  The broker does not currently offer specialized account types such as Islamic accounts or corporate accounts, which may limit options for certain traders. Additionally, there is no provision for demo accounts, preventing potential clients from practicing trading strategies before committing real funds.

  

6. Fund Management

  LINE FX supports various deposit methods, including bank transfers and quick deposit options through affiliated financial institutions. Importantly, there is no minimum deposit requirement, making it accessible for new traders to start trading without significant upfront investment.

  Deposits are generally processed within 24 hours, although the specific timing may vary depending on the financial institution. Importantly, LINE FX does not charge any fees for deposits or withdrawals, which enhances the overall cost-effectiveness of trading with this broker.

  Withdrawals can only be made to a bank account registered under the same name as the LINE FX account holder, ensuring compliance with regulatory standards. The processing time for withdrawals may also vary but is typically efficient, reflecting the broker's commitment to providing a seamless trading experience.

  

7. Customer Support and Educational Resources

  LINE FX offers customer support through various channels, including AI chat available on the LINE platform and an inquiry form on its website. The customer support service is designed to provide timely assistance for traders, ensuring that their inquiries are addressed promptly.

  The support team operates with a 24-hour availability, allowing clients to reach out for help at any time. However, the range of support options may be limited, as the broker does not provide extensive educational resources or live chat services, which could be a drawback for novice traders seeking guidance.

  While LINE FX does not offer comprehensive educational materials or market analysis services, traders can benefit from real-time economic indicators and market news notifications, keeping them informed about relevant market developments.

  

8. Regional Coverage and Restrictions

  LINE FX primarily serves clients in Japan, reflecting its focus on the domestic market. The broker does not currently accept clients from international jurisdictions, which may limit its appeal to traders outside of Japan.

  The company has established a strong presence within Japan, leveraging its regulatory status and local expertise to cater to the needs of Japanese traders. However, potential clients from other regions will need to explore alternative brokers that offer broader geographical coverage.

  In conclusion, LINE FX is a regulated forex broker that provides a commission-free trading environment for retail clients in Japan. With its focus on forex trading, user-friendly platforms, and adherence to regulatory standards, LINE FX presents a compelling option for traders seeking a reliable trading experience. However, potential clients should consider their individual trading needs and preferences before choosing LINE FX as their preferred broker.

LINE FX Similar Brokers

Regulated
CHIEF
Having a license
7.19
Score
Regulated
Shin
Having a license
7.98
Score
Regulated
Allianz
Allianz Forex Broker - Complete Information Guide   1. Broker Overview   Allianz
7.04
Score
Regulated
GMI
GMI Forex Broker - Complete Information Guide   1. Broker Overview   Global Mark
7.50
Score
Regulated
AB
AB Forex Broker - Complete Information Guide   1. Broker Overview   AB Forex, es
7.21
Score
Regulated
XM
Having a license
9.10
Score
Regulated
Prestige
Prestige Forex Broker - Complete Information Guide   1. Overview of the Broker
6.58
Score
Regulated
OANDA
Having a license
8.50
Score
Regulated
CF
Having a license
5.99
Score
Regulated
Solid
Having a license
5.86
Score
Regulated
OTT
OTT Forex Broker - Complete Information Guide   1. Overview of the Broker   OTT
6.06
Score
Regulated
Akatsuki
Having a license
7.98
Score
Regulated
BOOM
Having a license
5.75
Score
Regulated
TG
Having a license
7.21
Score
Revoked
IB
No license plate
8.20
Score
Regulated
AXEL
Axel Forex Broker - Complete Information Guide   1. Broker Overview   Axel Priva
8.34
Score
Regulated
Invesco
Invesco Forex Broker - Complete Information Guide   1. Broker Overview   Invesco
7.75
Score
Regulated
NAGA
Having a license
6.56
Score
Regulated
WWF
Having a license
5.89
Score
Regulated
eToro
Having a license
7.81
Score
Regulated
Deutsche Bank
Deutsche Bank Forex Broker - Complete Information Guide   1. Overview of the Bro
7.15
Score
Regulated
WESTERN
Western Forex Broker - Complete Information Guide   1. Broker Overview   Western
7.88
Score
Regulated
HL
Having a license
6.90
Score
Offshore Regulated
FBS
Having a license
8.79
Score
Regulated
Vantage
Having a license
8.66
Score
Regulated
Trading
Trading Brokers - Comprehensive Information Guide   1. Broker Overview   Company
7.23
Score
Regulated
IMC
Having a license
7.16
Score
Regulated
CFE
Having a license
7.05
Score
Regulated
WB
Having a license
6.37
Score
Regulated
Kingston
Having a license
7.59
Score
Regulated
TCS
Having a license
7.19
Score
Regulated
AIMS
Having a license
8.58
Score
Regulated
BNY Mellon
Having a license
7.11
Score
Regulated
MONEX
Having a license
7.98
Score
Regulated
BANDS
Having a license
7.02
Score

Latest Reviews

FX3084890578

FX3084890578

Turkey

They promised me quick and high returns, asked for $3,000 claiming a few trades were made. After handing over this amount, I was told I could withdraw without doing anything else. I requested a $30,000 withdrawal when it was last allowed. They said I had to pay a 10% tax on the $30,000 because the money was on hold. I lost around $20,000 and went bust when I couldn't withdraw my money. Everyone should stay away from this institution. They only realize small payments and cause trouble with large ones. They also said they would refund the tax they took from me. These are big scammers. Stay away from them.

Exposure

07-07

LINE FX Forex Broker has an overall rating of 7.76, Regulatory Index 7.83, License Index 7.83, Business Index 7.19, Software Index 7.05 Risk Control Index 8.90.