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NOMURA Broker Review

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NOMURA Review 1

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NOMURA's website only has Japanese, and I think their services are specially prepared for residents of this country.

Ya Narak
2023-03-02

  

Nomura 2025 Review: Everything You Need to Know

  Summary: Nomura has established itself as a reputable player in the forex market, particularly in Japan. While it is regulated by the Financial Services Agency (FSA) of Japan, there are mixed reviews regarding its user experience, with notable strengths in its range of tradable instruments and regulatory compliance, but weaknesses in customer service and trading conditions.

  Note: It is important to note that Nomura operates under different entities across regions, which may affect the services and regulatory oversight applicable to users. This review aims to provide a balanced view based on multiple sources to ensure fairness and accuracy.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 5
Trading Setup (or Experience) 6
Trustworthiness 7
User Experience 6

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding services and offerings.

  

Broker Overview

  Founded in 2007, Nomura is a well-established brokerage firm based in Japan. It offers a wide range of trading instruments, including forex, equities, bonds, and investment trusts. The trading platform provided by Nomura is proprietary, and it is important to note that it does not support popular platforms like MT4 or MT5. Nomura is regulated by the Financial Services Agency (FSA) of Japan, ensuring a level of oversight and security for its clients.

  

Detailed Section

  •   Regulated Regions: Nomura is primarily regulated in Japan by the FSA. This regulatory oversight provides a degree of security for clients, although some sources have raised concerns about the effectiveness of this regulation in addressing customer complaints.

  •   Deposit/Withdrawal Currencies: The broker primarily operates with Japanese Yen (JPY), which may limit options for international clients who prefer to trade in other currencies.

  •   Minimum Deposit: Specific minimum deposit requirements are not clearly outlined in the available sources, indicating a potential lack of transparency in this area.

  •   Bonuses/Promotions: While there are mentions of promotional offers, details on specific bonuses available to new clients remain vague and inconsistent across sources.

  •   Tradable Asset Classes: Nomura provides access to a diverse range of asset classes, including domestic and foreign stocks, bonds, forex, and investment trusts. However, it does not offer commodities or cryptocurrencies, which may be a drawback for some traders.

  •   Costs (Spreads, Fees, Commissions): The cost structure varies significantly between in-branch and online transactions, with online trading being more cost-effective. For instance, the spread for USD/JPY is reported to be around 2.8 pips. However, there are no explicit transaction fees for forex trading, which may be appealing to some traders.

  •   Leverage: Nomura offers leverage of up to 1:25, which is relatively conservative compared to other brokers that provide higher leverage options. This could limit potential profits for more aggressive traders.

  •   Allowed Trading Platforms: Nomura uses its proprietary trading platform, which may not appeal to traders accustomed to industry-standard platforms like MT4 or MT5.

  •   Restricted Regions: While specific restricted regions are not mentioned, the primary focus on the Japanese market may indicate limited availability for clients in other countries.

  •   Available Customer Service Languages: Customer support primarily operates in Japanese, which may pose challenges for non-Japanese speaking clients seeking assistance.

      

  

Detailed Breakdown

  •   Account Conditions (6/10): The account conditions offered by Nomura are generally acceptable, but the lack of transparency regarding minimum deposits and account types may deter potential clients. According to WikiFX, some users have expressed dissatisfaction with the clarity of account opening requirements.

  •   Tools and Resources (7/10): Nomura provides a range of tools and resources for traders, including market analysis and educational materials. However, the absence of widely-used trading platforms like MT4 or MT5 could limit the trading experience for some users.

  •   Customer Service and Support (5/10): Reviews regarding customer service are mixed, with some users reporting slow response times and limited support options. According to PediaFX, the support is primarily in Japanese, which could be a barrier for international clients.

  •   Trading Setup (6/10): The trading experience is generally satisfactory, but the proprietary platform may not meet the expectations of traders who prefer more established platforms. The lack of demo accounts is also a downside, as noted by WikiBit.

  •   Trustworthiness (7/10): Nomura's regulatory status with the FSA adds to its trustworthiness. However, past regulatory disclosures raise questions about its operational practices, indicating a need for caution among potential clients.

  •   User Experience (6/10): Overall user experiences vary, with some users appreciating the range of instruments and regulatory compliance, while others express concerns over customer support and the trading platform. As per PremiumRecoup, some users have reported issues with fund withdrawals, which is a significant red flag.

  In conclusion, while Nomura presents itself as a reputable broker with regulatory oversight, potential clients should carefully consider their trading needs and preferences, especially regarding platform functionality and customer support.