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au Kabucom Securities only provides services in Japanese, so I don't think they plan to expand their business abroad. If you don't understand Japanese, don't waste your time here.
Summary:
au Kabucom Securities has garnered a mixed reputation in the forex trading community, being both praised for its regulatory compliance and criticized for its limited customer support and trading platform options. The broker is regulated by Japan's Financial Services Agency (FSA), but user experiences vary widely, with some reporting difficulties in withdrawals and customer service delays.
Note:
It's important to recognize that the experiences may differ significantly across regions due to the broker's operational structure. The following review aims to provide a balanced view based on a variety of sources to ensure fairness and accuracy.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 7.0 |
| Customer Service | 5.5 |
| Trading Setup | 6.0 |
| Trustworthiness | 7.5 |
| User Experience | 6.0 |
| Additional Rating | 8.0 (Regulatory Compliance) |
How We Rate Brokers:
Our ratings are derived from a combination of user reviews, expert opinions, and factual data regarding account conditions, trading experiences, and overall trustworthiness.
Established in 2003, au Kabucom Securities operates within Japan's financial landscape, primarily serving clients interested in forex and CFD trading. The broker is notable for its regulation by the Financial Services Agency (FSA) in Japan, which adds a layer of credibility to its operations. However, it does not support popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which may deter some traders accustomed to these widely used platforms. Instead, it offers its proprietary trading platform with access to various financial instruments, including forex, commodities, and indices.
au Kabucom Securities is primarily regulated in Japan by the FSA, which is known for its stringent oversight of financial institutions. This regulation helps ensure that the broker adheres to necessary compliance standards, offering a level of security to traders. However, some sources have indicated past regulatory issues, including a warning from the FSA regarding inadequate customer identity verification practices in 2003, which may raise concerns for potential clients.
The broker provides a limited range of deposit and withdrawal options, primarily focusing on bank transfers. While this may appeal to some users, the lack of diverse payment methods, including credit cards or e-wallets, could be a drawback for those seeking flexibility. The minimum deposit requirement is generally unspecified, which could be a barrier for new traders looking to start with a smaller investment.
au Kabucom Securities does not prominently advertise any bonuses or promotions, which is common among more regulated brokers. This lack of promotional offers may be seen as a disadvantage compared to other brokers that provide incentives for new clients.
The broker offers a variety of tradable assets, including forex pairs, CFDs, stocks, and commodities. However, the absence of cryptocurrency trading options may limit appeal for traders looking to diversify their portfolios into digital assets.
au Kabucom Securities operates on a commission-free model for forex trading, with costs integrated into the spreads. The spreads offered are competitive, starting as low as 0.2 pips for major currency pairs. However, additional fees may apply for other asset classes, which could impact overall trading costs.
The broker offers leverage options, but specific limits are not widely documented, which could be a concern for traders who rely on higher leverage for their strategies. Users should check the broker's website for the most current leverage offerings.
As mentioned, au Kabucom Securities does not support MT4 or MT5, which may limit its attractiveness to experienced traders familiar with these platforms. Instead, it provides its own proprietary trading platform, which may not offer the same level of customization or functionality as more established platforms.
While the broker primarily serves Japanese clients, it does not explicitly state any restrictions on other regions. However, potential clients outside Japan should confirm the availability of services in their respective countries.
au Kabucom Securities primarily provides customer support in Japanese, which might pose a challenge for non-Japanese speakers. The customer service options are somewhat limited, with email and phone support being the primary channels, but the absence of live chat or multilingual support could be a significant drawback for international clients.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 7.0 |
| Customer Service | 5.5 |
| Trading Setup | 6.0 |
| Trustworthiness | 7.5 |
| User Experience | 6.0 |
| Additional Rating | 8.0 (Regulatory Compliance) |
Account Conditions (6.5):
The absence of clear information on account types limits potential clients ability to choose the most suitable option for their trading needs. The lack of promotional bonuses also detracts from the attractiveness of the account offerings.
Tools and Resources (7.0):
While the broker offers educational resources, the proprietary trading platform may not meet the expectations of traders accustomed to MT4 or MT5, which are known for their extensive tools and community support.
Customer Service (5.5):
The primary language of support is Japanese, which could alienate non-Japanese speaking clients. Additionally, the limited support channels may lead to longer wait times for assistance.
Trading Setup (6.0):
The trading experience may vary, with some users reporting issues related to withdrawal processing times. The proprietary platform's usability might not be as intuitive as more established platforms.
Trustworthiness (7.5):
Regulated by the FSA, au Kabucom Securities offers a degree of trustworthiness. However, past regulatory issues may raise red flags for some traders.
User Experience (6.0):
User experiences are mixed, with some praising the regulatory oversight while others express dissatisfaction with customer support and platform limitations.
Additional Rating (8.0):
The regulatory compliance rating reflects the broker's adherence to Japanese financial regulations, which is a positive aspect for potential clients.
In conclusion, while au Kabucom Securities offers a legitimate trading platform with regulatory backing, potential clients should weigh the pros and cons carefully, especially regarding customer support and platform options. The mixed user experiences suggest that it may be more suitable for Japanese-speaking traders who prioritize regulatory compliance over extensive trading tools or customer service options.
