Company profile
MONEY SQUARE Review SummaryFounded2015Registered Country/RegionJapanRegulationFSAMarket InstrumentsForex, CFDsDemo Account✅LeverageUp to 1:25SpreadFrom 0.1 pipsTrading PlatformProprietary platformMin Deposit0Customer SupportTel: +81 03-3470-5050X, YouTube, LINE, InstagramMONEY SQUARE Information Founded in 2015, MONEY SQUARE is a regulated broker registered in Japan, offering trading on forex and CFDs with leverage up to 1:25 and spread from 0.1 pips through a proprietary trading platform. Demo accounts are available and there is no minimum deposit requirement.Pros and ConsPros Cons FSA-regulated with long establishmentLimited trading productsDemo accountsNo MT4/MT5 platformNo minimum depositLimited payment optionsOnly accept Japanese Yen for deposits and withdrawalsIs MONEY SQUARE Legit? Yes. MONEY SQUARE is regulated by Financial Services Agency (FSA).Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Financial Services Agency (FSA)Regulated 株式会社マネースクエアRetail Forex License関東財務局長(金商)第2797号What Can I Trade on MONEY SQUARE?Tradable Instruments Supported Forex ✔CFDs✔Bonds❌Options❌ETFs❌Leverage The broker offers max leverage of 1:25. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.MONEY SQUARE Fees MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY. No commission fee is required. Depending on the interest rate situation in each country, swaps may change from “receipt” to “payment”, or payments may be made on both buy and sell positions.Trading PlatformTrading PlatformSupported Available Devices Suitable for Proprietary platform✔Windows, Mac, iPhone, Android/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits and withdrawals.
Natapat Piriyakarn
Mexico
A Japanese friend of mine recommended this platform to me, so I clicked and had a look, and I felt that I would not want to trade with it because on one hand, it only provides services in Japanese, on the other hand, it does not provide MT4 and MT5 platforms. Perhaps this is an exclusive company for residents of the country.
Neutral
2022-11-24