General Information& Regulation
Traders Securities Co., Ltd. was established in November 1999 and is located in Tokyo, Japan. It aims to provide retail investors with financial derivatives trading services through the Internet. The securities company launched its online foreign exchange trading business in 2000. In July 2010, the company took over the foreign exchange trading and securities trading business of EMCOM Securities Co., Ltd. and started Minna no FX. The main banks of Minna no FX are MUFJ Bank, MUFJ Trust Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank. Minna no FX is regulated by the Japanese Financial Services Agency (FSA), and the regulatory certificate number is 8010401061351.
Market Instruments
Minna no FX provides investors with a series of financial instruments, including foreign exchange, securities and options. In addition, Minna no FX also provides investment consulting and agency services.
Currency pairs & Spreads
Minna no FX provides investors with 29 currency pairs. The spread of USD/JPY is 0.2 pips, EUR/JPY 0.4 pips, GBP/JPY 0.8 pips, and EUR/USD 0.3 pips. Generally speaking, the spread is fixed between 8 am and 5 am the next day, and the spread between USD and JPY is not fixed in principle. Forex trading tools include smartphone version and PC version.
Leverage
The margin requirement for retail customers is 4% of the transaction amount (25 times leverage). However, the margin requirement for the Russian ruble/yen is 10% of the transaction amount (10 times leverage).
Trading Platforms
The trading platforms for foreign exchange services are FX Trader and Web Trader. The trading platform for Systre is System Trader.
Deposit & Withdrawal
Minna no FX has two deposit methods: direct deposit and bank transfer. Direct deposit is carried out 24/7, the transfer fee is free, and it supports 340 financial institutions in Japan. Customers can use direct deposit on a computer or smartphone. The minimum deposit is 5,000 yen. In the case of bank transfer, the transfer fee will be borne by the customer. There are no fees for withdrawals. Minna no FX does not provide foreign currency deposits and withdrawals, only Japanese yen.
Trading Hours
The U.S. standard trading hours for foreign exchange services and Systre services are Monday morning 7:10 am to Saturday morning 6:50, and U.S. summer time is Monday morning 7:10 am to Saturday morning 5:50 am.
Risk
Forex trading is a transaction that can obtain a large amount of profit, but the customer may suffer a large amount of loss in excess of the amount deposited in Minna no FX. The typical risks of foreign exchange transactions include exchange rate fluctuation risk, liquidity risk, interest rate fluctuation risk, risks caused by leverage effect, credit risk, and risks related to electronic trading systems.