SANKO Forex Broker provides real users with * positive reviews, 1 neutral reviews and 1 exposure review!
Risk Control
Software Index
I think this company should mainly target domestic users, because the website is only in Japanese.
Is the picture right? Sometimes coin transaction lost.
Sanko, a forex brokerage based in Japan, has garnered attention in the financial community for its long-standing presence and regulatory compliance. Overall, reviews of Sanko indicate a mixed reception, with users appreciating its regulatory framework but expressing concerns about customer service and platform limitations. Notably, the broker does not support popular trading platforms like MT4 or MT5, which may deter some traders.
Note: It's important to recognize that Sanko operates in different regions, and the experiences may vary depending on the geographical location of the user. Therefore, potential clients should conduct thorough research to ensure they understand the specifics of the entity they are engaging with.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 5.0 |
| Trading Experience | 6.0 |
| Trustworthiness | 7.5 |
| User Experience | 6.0 |
| Additional Features | 5.0 |
We score brokers based on user reviews, expert opinions, and factual data from credible sources.
Founded in 1953, Sanko Securities Co., Ltd. has established itself as a reputable financial entity in Japan, operating under the regulation of the Financial Services Agency (FSA). The broker provides access to a variety of financial instruments, including forex, commodities, and contracts for difference (CFDs). However, it is noteworthy that Sanko does not offer trading on popular platforms like MetaTrader 4 or 5, which could be a significant drawback for many traders.
Regulated Areas: Sanko is primarily regulated in Japan by the Financial Services Agency (FSA), which is known for its stringent oversight of financial institutions. This regulatory status adds a layer of trust for potential clients.
Deposit/Withdrawal Currencies: The broker primarily operates with Japanese Yen (JPY), which may limit options for international traders looking to deposit in their local currencies. There is no mention of cryptocurrency support, which could be a disadvantage for those interested in trading digital assets.
Minimum Deposit: Information regarding the minimum deposit required to open an account with Sanko is not explicitly stated across the sources, which can be a point of concern for potential investors.
Bonuses/Promotions: There is no mention of any ongoing bonuses or promotional offers, which may limit the attractiveness of opening an account with Sanko compared to competitors who offer such incentives.
Tradeable Asset Classes: Sanko provides trading opportunities across various asset classes, including forex, commodities, and indices. However, the lack of cryptocurrency trading options might deter a segment of traders who wish to diversify their portfolios.
Costs (Spreads, Fees, Commissions): The broker's spreads are reported to be average, scoring around 6.2 out of 10. However, detailed information on commissions and additional fees is limited, which could complicate a trader's decision-making process.
Leverage: The leverage options available at Sanko are not clearly outlined in the reviews, which is an essential factor for traders looking to maximize their trading potential.
Allowed Trading Platforms: Sanko does not support MetaTrader 4 or 5, which are widely favored by traders for their advanced features and user-friendly interfaces. This could be a significant limitation for those accustomed to these platforms.
Restricted Regions: While Sanko primarily serves Japanese clients, there is limited information regarding the specific regions where its services are restricted, which could impact potential international clients.
Available Customer Support Languages: Sanko offers customer support primarily in Japanese, with limited English support. This may pose challenges for non-Japanese speakers seeking assistance.
| Category | Score (Out of 10) |
|---|---|
| Account Conditions | 6.5 |
| Tools and Resources | 5.5 |
| Customer Service and Support | 5.0 |
| Trading Experience | 6.0 |
| Trustworthiness | 7.5 |
| User Experience | 6.0 |
| Additional Features | 5.0 |
Account Conditions: The overall account conditions at Sanko receive a score of 6.5. While the broker is regulated by the FSA, the lack of clarity regarding minimum deposit requirements is a concern. User feedback suggests that the account types may be limited, which could restrict trading options.
Tools and Resources: With a score of 5.5, Sanko's tools and resources are viewed as below average. The absence of popular trading platforms like MT4 and MT5 is a significant drawback for many traders who rely on advanced analytical tools and automated trading capabilities.
Customer Service and Support: Sanko's customer service is rated at 5.0, reflecting mixed user experiences. Some users report long waiting times for responses, which can be frustrating for those needing immediate assistance. Additionally, the language barrier may hinder effective communication for non-Japanese speakers.
Trading Experience: Scoring 6.0, the trading experience at Sanko is generally satisfactory, but the limitations in platform options and tools may detract from the overall user experience.
Trustworthiness: With a score of 7.5, Sanko is considered trustworthy due to its regulatory compliance with the FSA. However, reports of customer complaints regarding service issues raise some concerns.
User Experience: Scoring 6.0, user experiences vary, with some users appreciating the regulatory safety but expressing frustration over customer service and platform limitations.
Additional Features: The score of 5.0 reflects the lack of significant additional features or promotions that could enhance the trading experience at Sanko.
In conclusion, while Sanko offers a regulated environment for trading, potential clients should weigh the limitations in platform options, customer service, and available resources. As with any financial decision, thorough research and consideration of personal trading needs are essential before engaging with Sanko.
