Sanen foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.sanen-sec.co.jp/, about the company's legal and temporary regulatory information, the company's address 1-24-30 Meiekiminami, Nakamura-ku, Nagoya-shi, Aichi Nagoya Mitsui Building Main Building.
Sanen Forex Broker
Basic Information
Japan
15-20 years Suspicious Regulatory License Suspicious Scope of Business Japan Retail Forex License Revoked High potential riskCompany profile
Rating Index
Sanen Forex Broker - Comprehensive Information Guide
1. Broker Overview
Sanen, officially known as Sanen Securities Co., Ltd., was established in 1944. The broker is headquartered in Nagoya, Aichi Prefecture, Japan, specifically at 1-24-30 Meieki Minami, Nakamura-ku. The company operates as a private entity and has been providing financial services for over 79 years.
Sanen primarily serves the Japanese market, catering to both retail and institutional clients. Over the years, Sanen has established itself as a reputable broker within Japan, focusing on delivering quality trading services to its customers. The broker has achieved significant milestones, including the acquisition of a license from the Financial Services Agency (FSA) in Japan, which has further solidified its standing in the financial services sector.
The business model of Sanen revolves around retail forex trading and offering various financial products, including contracts for difference (CFDs) and commodities. With a commitment to providing reliable trading solutions, Sanen aims to meet the diverse needs of its clientele.
2. Regulatory and Compliance Information
Sanen is regulated by the Financial Services Agency (FSA) of Japan, which ensures that the broker adheres to strict regulatory standards. The regulatory license number is Tokai Finance Bureau No. 22, which allows Sanen to operate within the scope of Japanese financial regulations.
The license is valid for conducting various financial services, including forex trading and investment advisory services. Sanen maintains compliance with local laws, and its operations are subject to regular audits by the FSA to ensure adherence to regulatory requirements.
Client funds are kept in segregated accounts, ensuring that client assets are protected and not used for operational purposes. This practice aligns with the industry standards for safeguarding investors' capital. Additionally, Sanen is committed to implementing robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to prevent fraud and ensure the integrity of its operations.
3. Trading Products and Services
Sanen offers a diverse range of trading products to its clients. The forex broker provides access to over 50 forex currency pairs, including major, minor, and exotic pairs, allowing traders to take advantage of various market opportunities.
In addition to forex trading, Sanen also offers CFDs across different asset classes, including:
- Indices
- Commodities
- Stocks
- Cryptocurrencies
The broker frequently updates its product offerings to meet the evolving demands of the market and its clients. This includes the introduction of new financial instruments to enhance trading diversity.
Sanen caters to both retail and institutional clients, providing tailored services to meet the specific needs of each segment. The broker also offers white-label solutions for businesses looking to enter the trading space without developing their own infrastructure.
4. Trading Platforms and Technology
Sanen does not currently support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, it utilizes its proprietary trading platform, which is designed to offer a user-friendly experience for traders. The platform is accessible via web browsers, providing convenience for users who prefer not to download additional software.
For mobile trading, Sanen offers applications compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker employs advanced technology to ensure efficient trade execution, with a focus on minimizing latency.
Sanen operates on an ECN (Electronic Communication Network) model, which facilitates direct trading between buyers and sellers, ensuring transparency and competitive pricing. The broker's servers are strategically located to optimize execution speed and reliability.
API access is available for clients interested in automated trading solutions, enabling sophisticated trading strategies and algorithmic trading.
5. Account Types and Trading Conditions
Sanen provides several account types to accommodate different trading preferences. The Standard Account requires a minimum deposit of ¥10,000 (approximately $100) and offers competitive spreads starting from 1.5 pips.
For more experienced traders, Sanen offers a VIP Account with enhanced trading conditions, including lower spreads and personalized support. There is also a Demo Account available for traders who wish to practice their strategies without financial risk.
The leverage offered by Sanen varies depending on the asset class, with forex trading allowing leverage of up to 1:100. The minimum trade size is set at 0.01 lots, and overnight financing fees are applicable based on the positions held.
6. Fund Management
Sanen supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the Standard Account requiring a minimum of ¥10,000.
Deposit processing times typically range from 1 to 3 business days, depending on the method used. Sanen does not charge any fees for deposits, ensuring that clients can fund their accounts without additional costs.
For withdrawals, clients can choose from the same methods as deposits. Withdrawal requests are processed within 1 to 5 business days, depending on the chosen method. Withdrawal fees may apply, particularly for international transfers.
7. Customer Support and Educational Resources
Sanen offers customer support through multiple channels, including telephone, email, and live chat options. The support team is available during business hours in Japan, providing assistance in both English and Japanese.
The broker provides a range of educational resources, including webinars, tutorials, and eBooks, aimed at helping traders improve their skills and knowledge. Additionally, Sanen offers market analysis services, including daily reports and research articles, to keep clients informed about market trends.
Various trading tools, such as calculators, economic calendars, and signal services, are also available to assist traders in making informed decisions.
8. Regional Coverage and Restrictions
Sanen primarily serves clients in Japan, with a focus on the domestic market. The broker has a physical presence in Nagoya, which enhances its ability to cater to local clients effectively.
However, Sanen does not accept clients from certain countries due to regulatory restrictions. Notably, clients from the United States, Canada, and several other regions are unable to open accounts with the broker.
In summary, Sanen is a well-established forex broker that offers a range of trading services and products, backed by regulatory compliance and a commitment to client security. With its focus on the Japanese market, Sanen seeks to provide reliable and efficient trading solutions to both retail and institutional clients.
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Latest Reviews
十指丶紧扣°
Hong Kong
An old and traditional securities brokerage, and its website is not easy to navigate. This is widely seen among Japan-based stockbroking companies…
37130
2022-11-17
文章
Hong Kong
Sanen has more than 15 years’ experience in the industry and it does holds a regulated FSA license. What impresses me a lot is their website deign, all are green! Just as their name implies. And I like green! My favourite color. I think green is a colour representing trust, maybe they also wnat to deliver such meaning to traders. Overall they are good, and so far I haven’t seen any negative information about them on the Internet.
Positive
2022-11-18