Shinwa 　　

Note: Shinwa's official website: https://www.shinwabank.co.jp/ is currently inaccessible normally.

Shinwa is an unregulated brokerage company based in Japan. It claims to provide Forex, CFDs on stocks, indices, commodities, and cryptocurrencies with web-based trading platform and mobile trading app.

Pros and Cons

Is Shinwa Legit?

Shinwa currently lacks valid regulation. It is not sure whether its domain was registered on Oct 2, 1996. We advise you to choose regulated brokers.

What Can I Trade on Shinwa?

Shinwa claims to offer indices, Forex, commodities, CFDs on stocks, and cryptocurrencies.

Account Type

Shinwa provides Cent Account, Standard Account, and Pro Account.

Leverage

Shinwa offers leverage up to 1:500 on forex pairs and up to 1:20 on CFDs on stocks, indices, commodities, and cryptocurrencies. Leverage allows you to trade with a larger position than you would be able to with your own capital. However, it is important to use leverage carefully, as it can amplify your losses as well as your profits.

Spread & Commission

Shinwa's spreads are competitive, starting at 0.2 pips on EUR/USD. The company also charges commissions on some trades. The commission rate varies depending on the instrument and the account type.

Trading Platform

Shinwa offers a web-based trading platform and mobile trading app.

Deposit and Withdrawal

Shinwa supports payment methods through credit cards, debit cards, wire transfers, and e-wallets.