SHIZUGIN TM Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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My Japanese friend recommended some well-known local securities companies to me, and SHIZUGIN TM is one of them. It is a pity that this company does not provide languages other than Japanese, so foreigners will have trouble trading here. I think this allows them to focus more on providing quality service to the residents of the country.
Summary: The Shizugin TM review indicates a predominantly negative perception of the broker, with significant concerns regarding its regulatory status and user experiences. Users have reported difficulties in withdrawing funds, raising red flags about the broker's reliability.
Note: Its important to consider the geographical differences in regulatory frameworks when evaluating Shizugin TM. The information presented here is derived from various sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
We rate brokers based on user feedback, regulatory status, and overall market reputation.
Shizugin TM, officially known as Shizugin TM Securities Co., Ltd., was established in December 2000 and operates from Japan. The broker provides a range of financial services including forex trading, investment trusts, and asset management. However, it lacks comprehensive regulatory oversight, which raises concerns among potential clients. The broker primarily operates on its proprietary trading platform, catering mainly to Japanese clients, which limits accessibility for non-Japanese speakers.
Regulatory Geography:
Shizugin TM operates under the jurisdiction of Japan but is not regulated by prominent international authorities, which poses significant risks for clients. The absence of regulation means that clients may not have legal recourse in case of disputes or issues, such as withdrawal problems.
Deposit/Withdrawal Currencies/Cryptocurrencies:
Deposits and withdrawals are primarily facilitated through bank transfers, with the broker setting up unique transfer accounts at Shizuoka Bank. However, users have reported challenges in accessing their funds, raising concerns about the broker's operational integrity.
Minimum Deposit:
The specific minimum deposit requirement for Shizugin TM is not clearly outlined in the available reviews, suggesting that it may vary or be subject to changes without proper notification.
Bonuses/Promotions:
There is little information available regarding bonuses or promotional offers from Shizugin TM. This absence of incentives could be a drawback for traders looking for added value from their brokerage.
Tradeable Asset Classes:
Shizugin TM offers a limited selection of asset classes, primarily focusing on forex, investment trusts, and domestic stocks. The lack of diverse trading options may deter some traders seeking a more comprehensive trading experience.
Costs (Spreads, Fees, Commissions):
The broker's fee structure is not extensively detailed in the reviews, but some sources indicate that it may charge commissions on certain transactions, particularly for domestic stocks. The lack of transparency regarding fees can be concerning for potential clients.
Leverage:
Information regarding leverage options is scarce, but traders should be cautious as high leverage can amplify both gains and losses, particularly in volatile markets.
Allowed Trading Platforms:
Shizugin TM primarily utilizes its proprietary trading platform, which may not offer the same level of functionality and user experience as more established platforms like MT4 or MT5. This limitation could affect trading efficiency and user satisfaction.
Restricted Regions:
While Shizugin TM primarily serves Japanese clients, there is limited information regarding specific regions where services may be restricted. However, the lack of multilingual support suggests that non-Japanese speakers may face challenges.
Available Customer Service Languages:
Customer service is predominantly in Japanese, which can be a significant barrier for international clients seeking support. The limited availability of customer service options has led to negative user experiences, as clients have reported difficulties in resolving issues.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 3 |
Account Conditions:
The account conditions offered by Shizugin TM are not competitive compared to other brokers, particularly due to the lack of clarity around minimum deposits and account types. This ambiguity may deter potential traders.
Tools and Resources:
While the broker provides some market news and analysis, it lacks advanced trading tools that many traders rely on for informed decision-making. This limitation affects the overall trading experience.
Customer Service and Support:
Customer support has received considerable criticism, with users reporting slow response times and inadequate assistance. The absence of multilingual support further complicates matters for non-Japanese clients.
Trading Setup (Experience):
Users have expressed dissatisfaction with the trading setup, particularly regarding the withdrawal process. Reports of clients being unable to access their funds have raised serious concerns about the broker's reliability.
Trustworthiness:
The trustworthiness of Shizugin TM is significantly undermined by its lack of regulation and numerous user complaints regarding fund withdrawals. This situation poses a substantial risk for potential clients.
User Experience:
Overall user experience appears to be negative, with many clients reporting challenges in accessing funds and receiving adequate support. The lack of transparency and regulatory oversight contributes to a general sense of distrust.
In conclusion, the Shizugin TM review paints a concerning picture of this broker. Potential clients should exercise caution and consider alternative options that offer better regulatory oversight and user support.
