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Shikoku Bank foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.shikokubank.co.jp/, about the company's legal and temporary regulatory information, the company's address .

Shikoku Bank Forex Broker

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Shikoku Bank

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Shikoku Bank Review Summary Founded1996 Registered Country/RegionJapan RegulationNot regulated Market InstrumentsStocks, Bonds, Investment Trusts, Fund Wrap, NISA Demo Account❌ Leverage/ Spread/ Trading PlatformPersonal and Corporate Internet Banking platforms Min Deposit/ Customer SupportPhone: 088-823-2111 (Main Office, Weekdays 9:00-17:00)Shikoku Bank Information Established in 1996 in Japan, Shikoku Bank provides stocks, bonds, investment trusts, fund wrap services, and NISA among other financial products. Although it is not under control by any acknowledged financial authority, it mostly serves needs of individual and business banking.Pros and Cons Pros Cons Comprehensive range of banking and investment productsNot regulated Provides tailored account types for individuals and corporatesNo demo or leverage-based trading options Online banking services availableIs Shikoku Bank Legit? Under no acknowledged financial regulating body, Shikoku Bank is not governed in Japan, its registered nation. Moreover, it does not have licenses from renowned companies all around, such ASIC (Australia) or the FCA (UK).What Can I Trade on Shikoku Bank? Shikoku Bank provides a large spectrum of financial goods and services catered for both normal banking customers and investors. These comprise equities, bonds, market analysis, and investment management tools. Product/ServiceSupported Stocks✔ Bonds✔ Investment Trusts✔ Fund Wrap✔ NISA✔Account Types Shikoku Bank offers three account types: Individual Accounts for personal banking and investments, Corporate Accounts for business-focused services, and Corporate/IR Accounts for asset management and investor relations. Demo and Islamic accounts are not available.Shikoku Bank Fees Depending on the kind of transaction, Shikoku Bank provides a range of services with related costs. Bank Transfer Fees MethodTo Shikoku Bank (Below ¥30,000 / Above ¥30,000)To Other Banks (Below ¥30,000 / Above ¥30,000) Window¥330 / ¥550¥605 / ¥770 ATM (Our Bank Card)¥110 / ¥330¥385 / ¥550 ATM (Other Bank Card)¥220 / ¥440¥495 / ¥660 Internet BankingFree / Free¥275 / ¥330 Collection Fees ServiceWithin Same StoreWithin Head Office/BranchTo Other Banks Check CollectionFree¥440¥660 Bill Collection¥660¥660¥660 Individual CollectionN/A¥1,650¥1,650 Currency Exchange Fees Number of BillsFee ~50 billsFree 51-100 bills¥550 101-500 bills¥825 501-1,000 bills¥1,100 1,001+ billsAdditional ¥550 per 500 bills Safe Deposit Box Fees TypeDimensions (mm)Annual Fee No. 163x246x382¥11,220 No. 284x246x382¥14,960 No. 3120x252x452¥16,830 No. 4138x246x382¥18,700 No. 5187x246x382¥26,180 No. 6287x246x382¥29,920 Manual Safe Deposit Box272x578x493¥37,400 Other Fees ServiceFee Remittance Check (Our Bank)¥550 Remittance Check (Other Bank)¥880 Deposit Book Issuance Fee¥2,200 Loan Certificate Issuance¥11,000 Account Opening Fee¥11,000
How to login to Shikoku Bank?

Shikoku Bank Similar Brokers

Pros
Regulated by Japan's Financial Services Agency (FSA), providing a level of security for traders.
Established in 2012, indicating a long-standing presence in the forex market.
Offers a variety of trading services, including forex and CFDs, catering to different trading needs.
Cons
Customer support has a long waiting time for responses, which can be frustrating for clients.
Does not support cryptocurrency trading, limiting options for traders interested in digital assets.
Lacks advanced trading platforms like MT4 or MT5, which may deter experienced traders looking for specific tools and features.

Basic Information

Registered Region
Japan
Operating Period
--
Company Name
Shikoku Bank, Ltd.
Abbreviation
Shikoku Bank
Company employee
--
Contact Number
+810888232111
How to login to Shikoku Bank?
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Shikoku Bank Forex Broker - Complete Information Guide

1. Broker Overview

The Shikoku Bank, Ltd., established in 1878, is a prominent regional bank in Japan, primarily operating in the Kochi and Tokushima prefectures. Headquartered at 1-1-1 Minami Harimaya-cho, Kochi-shi, 780-8605, the bank has been publicly listed since April 2, 1973, and currently trades on the Tokyo Stock Exchange under the ticker symbol 8387.

Shikoku Bank serves a diverse clientele, including individual customers and corporate clients, providing a range of financial services tailored to their needs. Over the years, the bank has achieved significant milestones, including its name change from Koichi Bank, Ltd. to Shikoku Bank, Ltd. in 1923, reflecting its broader operational focus.

The bank operates within a business model that encompasses retail banking, leasing, and other financial services, including foreign exchange. As a Shikoku Bank broker, it offers specialized services in forex trading, catering to both retail and institutional clients.

2. Regulatory and Compliance Information

Shikoku Bank is regulated by several key financial authorities, ensuring compliance with Japanese banking standards. The primary regulatory body overseeing its operations is the Financial Services Agency (FSA) of Japan. Specific regulatory numbers and licenses are not publicly disclosed but are maintained in accordance with local laws governing banking institutions.

The bank adheres to strict anti-money laundering (AML) and know your customer (KYC) regulations, implementing comprehensive measures to verify the identity of its clients and monitor transactions for suspicious activity. Client funds are kept in segregated accounts to ensure safety and compliance with regulatory requirements.

Shikoku Bank participates in investor compensation schemes, which provide additional security for clients in the event of financial difficulties faced by the bank. This commitment to regulatory compliance solidifies its reputation as a trusted Shikoku Bank broker in the financial services industry.

3. Trading Products and Services

Shikoku Bank offers a wide array of trading products, particularly in the forex market. The bank provides access to numerous currency pairs, including major, minor, and exotic pairs, catering to the diverse trading needs of its clients.

In addition to forex trading, the bank offers Contracts for Difference (CFDs) on various asset classes, including indices, commodities, stocks, and cryptocurrencies. Shikoku Bank is known for its innovative approach, frequently updating its product offerings to include new trading instruments based on market demand.

For retail clients, the bank provides a user-friendly trading platform that allows for seamless execution of trades. Institutional clients benefit from tailored services, including liquidity provision and white-label solutions, making Shikoku Bank a versatile player in the financial markets.

4. Trading Platforms and Technology

Shikoku Bank supports the widely used MetaTrader 4 and MetaTrader 5 trading platforms, providing traders with robust tools for technical analysis and automated trading. Additionally, the bank has developed its proprietary trading platform, which offers advanced features tailored to both novice and experienced traders.

The banks web-based trading platform is accessible from any device with internet connectivity, ensuring clients can manage their accounts and execute trades conveniently. Mobile applications are available for both iOS and Android devices, offering traders the flexibility to trade on the go.

Shikoku Bank employs a mix of execution models, including ECN and Market Making, to cater to different trading strategies. The bank's servers are strategically located to ensure optimal trade execution speeds, while API access allows for automated trading solutions, enhancing the trading experience for tech-savvy clients.

5. Account Types and Trading Conditions

Shikoku Bank offers several types of trading accounts to meet the diverse needs of its clients. The standard account typically requires a minimum deposit, offers competitive spreads, and may charge commissions depending on the trading volume.

For advanced traders, the bank provides premium account types, including VIP and professional accounts, which come with enhanced features such as lower spreads and personalized support. Special accounts, such as Islamic accounts, are also available to cater to clients with specific trading needs.

The bank allows for a demo account option, enabling prospective clients to practice trading without financial risk. Leverage ratios vary by product, with the bank offering competitive leverage options to enhance trading potential. The minimum trade size is set to accommodate both retail and institutional clients, while overnight fees are applied in accordance with market standards.

6. Fund Management

Shikoku Bank supports various deposit methods, including bank transfers, credit cards, and electronic wallets, making it convenient for clients to fund their trading accounts. The minimum deposit requirement varies by account type, allowing flexibility depending on the client's financial situation.

Deposit processing times are typically swift, with most transactions completed within a few hours. However, specific fees associated with deposits may apply, depending on the chosen payment method.

Withdrawal options include bank transfers and electronic payment systems, with processing times generally ranging from one to three business days. The bank maintains a transparent fee structure for withdrawals, ensuring clients are informed of any charges that may apply.

7. Customer Support and Educational Resources

Shikoku Bank provides comprehensive customer support through various channels, including telephone, email, online chat, and social media. The banks service hours are aligned with major financial markets, ensuring timely assistance for clients.

Support is available in multiple languages, catering to its diverse client base. The bank also offers a range of educational resources, including webinars, tutorials, and eBooks, to help clients enhance their trading knowledge and skills.

Market analysis services are provided regularly, with daily updates, news, and research reports available to clients. Additionally, trading tools such as calculators, economic calendars, and signal services are offered to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

Shikoku Bank primarily serves clients in Japan, with a focus on the Shikoku region. The bank has a network of regional offices to facilitate local client engagement and support.

While the bank is committed to expanding its services, it does not accept clients from certain countries due to regulatory restrictions. Specific countries where client acceptance is limited are detailed in the bank's terms of service.

Overall, Shikoku Bank is well-positioned as a leading Shikoku Bank broker, offering a comprehensive range of financial services, innovative trading solutions, and a commitment to regulatory compliance, making it a reliable choice for traders in Japan and beyond.

Shikoku Bank Forex Broker has an overall rating of 1.58, Regulatory Index 0.00, License Index 0.00, Business Index 7.52, Software Index 4.00 Risk Control Index 0.00.
Shikoku Bank