GaitameOnline Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-07-20 11:10

Abstract： Gaitameonline Co., Ltd. was established in 2003 in Chiba Prefecture, Japan, and completed registration of its financial futures trading business application in March 2006, joined the Financial Futures Trading Business Association (Membership No. 1544) in April 2006, and started online forex trading services. In July 2007, its head office was moved to Chuo-ku, Tokyo, and in September, it underwent registration for the financial instruments business.

　　General Information & Regulation of Gaitameonline

　　Gaitameonline Co., Ltd. was established in 2003 in Chiba Prefecture, Japan, and completed registration of its financial futures trading business application in March 2006, joined the Financial Futures Trading Business Association (Membership No. 1544) in April 2006, and started online forex trading services. In July 2007, its head office was moved to Chuo-ku, Tokyo, and in September, it underwent registration for the financial instruments business. In March 2008, the company changed its name to Gaitameonline Co., Ltd, moved its headquarters to Chiyoda-ku, Tokyo, Japan, and increased its capital to 300 million yen in 2014. In July 2015, Gaitameonline completed its registration for the second category of financial instruments business, and in August, it obtained its foreign exchange margin trading qualification. Gaitameonline is currently regulated by the Japan Financial Services Agency and holds its authorized retail foreign exchange license, regulatory number: 5010001110692.

　　Minimum Deposit of Gaitameonline

　　Gaitameonline requires no minimum deposit for opening an forex trading accounts. Moreover, there is no fees on account opening and account mainentance.

　　Leverage of Gaitameonline

　　As announced on the Gaitameonline, the trading leverage available for forex trading is up to 1:25 in line with Japanese laws. Please keep in mind that the use of leverage can magnify potential profit, but can also increase investment rishs at the sametime.

　　Spreads of Gaitameonline

　　Gaitameonline offers USDJPY spreads of 1 pip, EURJPY spreads of 2 pips, GBPJPY spreads of 4 pips, AUDJPY spreads of 3 pips, NZDJPY spreads of 6 pips, CADJPY spreads of 5 pips, AUDUSD spreads of 2 pips, EURAUD spreads of 8 pips, and EURGBP spreads of 4 pips. More information on spreads can be found on the Gaitameonline website. Objectively speaking, Gaitameonline offers larger currency spreads, which means that the cost of trading increases accordingly.

　　Deposit and withdrawal of Gaitameonline

　　There are two ways for traders to transfer funds to their accounts opened with Gaitameonline: regular deposits (bank transfers) and quick deposits. Regarding withdrawals, the minimum amount for withdrawals is 5,000 yen, and the company will process withdrawals on the same day if the trader withdraws before 17:00 on weekdays. If the deposit is made after 17:00, then it will be postponed to the next business day, and all withdrawal fees will be covered by Gaitameonline.

　　Trading Hours of Gaitameonline

　　OTC trading hours are Monday 7:00 AM to Saturday 6:55 AM (for US Standard Time), and Monday 7:00 AM to Saturday 5:55 AM (for US Summer Time). Maintenance hours are Tuesday-Friday 6:55 AM-7:05 AM (US Standard Time applies), Tuesday-Friday 5:55 AM -6:05 AM. See the Gaitameonline website for more information on the schedule.