Risk Control
Software Index
Kyogin Securities, a Japanese brokerage firm, has garnered attention in the forex trading landscape since its establishment in 2016. This review synthesizes various sources to provide a comprehensive overview of the broker's offerings, user experiences, and expert opinions. Overall, Kyogin Securities is seen as a reputable option for traders looking for a regulated platform in Japan, though it does have some limitations in terms of trading tools and customer support.
Note: It is important to highlight that Kyogin Securities operates under different regulatory frameworks depending on the region, which may affect user experiences and available services. This review aims to provide a balanced view based on multiple reputable sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7 |
Tools and Resources | 5 |
Customer Service and Support | 6 |
Trading Setup (Experience) | 6 |
Trustworthiness | 8 |
User Experience | 6 |
How We Rate Brokers: Ratings are based on a combination of user feedback, expert reviews, and factual data regarding the broker's services.
Founded in 2016, Kyogin Securities Co., Ltd. is headquartered in Kyoto, Japan. The firm operates under the regulatory oversight of the Japan Financial Services Agency (FSA) and holds a retail forex license, which adds a layer of credibility to its operations. Kyogin Securities primarily offers trading in forex, stocks, bonds, and various investment trusts. However, it does not support popular trading platforms like MT4 or MT5, which may be a drawback for some traders.
Regulated Geographic Areas: Kyogin Securities is primarily regulated in Japan, which provides a level of security for traders. The broker is noted for its adherence to local regulations, thus ensuring a level of trustworthiness.
Deposit/Withdrawal Currencies/Cryptocurrencies: The broker supports deposits and withdrawals in Japanese Yen, and while there is no indication of cryptocurrency trading options, traditional forex and stock trading are available.
Minimum Deposit: The minimum deposit requirement is not explicitly stated in many sources, but it is essential for potential users to check directly with the broker for the most accurate information.
Bonuses/Promotions: Currently, there are no notable bonuses or promotions highlighted in the reviews, which is a common practice among many regulated brokers to maintain compliance.
Tradeable Asset Classes: Kyogin Securities offers a range of asset classes, including forex pairs, stocks, bonds, and investment trusts, allowing for diversified trading options.
Costs (Spreads, Fees, Commissions): The spreads for major currency pairs are relatively competitive, with the USD spread noted at 50 cents for transactions under 100,000 yen. Transaction fees for domestic stocks vary based on the contract size, with a minimum fee of 2,750 yen.
Leverage: Leverage options are not extensively detailed in the reviews, but users should verify directly with the broker as leverage can significantly impact trading strategies.
Allowed Trading Platforms: The broker has its proprietary online trading platform, which is accessible via computers, tablets, and smartphones. However, the absence of MT4 or MT5 may deter some experienced traders.
Restricted Regions: There is no specific mention of restricted regions, but as a Japanese broker, it is primarily focused on clients in Japan.
Available Customer Service Languages: Customer support is primarily offered in Japanese, which may limit accessibility for non-Japanese speakers.
Account Conditions (7/10): Kyogin Securities provides a structured account setup, but the lack of clarity on minimum deposit requirements can be an obstacle for new traders.
Tools and Resources (5/10): The trading tools available are somewhat basic. The absence of advanced platforms like MT4 or MT5 may deter traders looking for sophisticated trading tools.
Customer Service and Support (6/10): While customer service is generally responsive, the language barrier may pose challenges for non-Japanese speakers.
Trading Setup (Experience) (6/10): The trading experience is satisfactory, but the platform's limitations can affect overall user satisfaction.
Trustworthiness (8/10): Kyogin Securities is well-regulated, which enhances its credibility among traders. The firm has been in operation for several years, which adds to its reliability.
User Experience (6/10): Overall user experience is decent, but the platform's limitations may affect trading efficiency.
In conclusion, Kyogin Securities presents a viable option for traders seeking a regulated Japanese broker. However, potential users should be aware of its limitations regarding trading platforms and customer service. This Kyogin Securities review aims to provide a balanced perspective, enabling traders to make an informed decision based on their individual needs and preferences.