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Banyo -

Score

7.98 /10
Good

Banyo

Japan

15-20 years

Regulated in Japan

Retail Forex License

Suspicious Scope of Business

Medium potential risk

http://www.banyo-sec.co.jp/index.php

Influence

D

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Comparison

Expose

Exposure

Time Machine
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Score

Regulatory Index7.83

Business Index8.88

Risk Management Index8.90

Software Index7.05

License Index7.83

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Banyo · Company summary
Banyo Review Summary
Founded1962
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsStocks, Bonds, Exchange Traded Funds (ETFs), and Mutual Funds
Demo AccountNot Mentioned
Min DepositJYP 10,000

Banyo Information

Banyo, established in 1962, offers many assets to trade including Stocks, Bonds, ETFs, and Mutual Funds, with the regulation of the Financial Services Agency (FSA). However, account information is limited.

Banyo Information

Pros and Cons

ProsCons
  • Regulated by FSA
  • Limited information on account type
  • High minimum deposit

Is Banyo Legit?

Banyo has a Retail Forex License regulated by the Financial Services Agency (FSA) in Japan with a license number of 近畿財務局長（金商）第29号.

Is Banyo Legit?

What Can I Trade on Banyo?

Banyo offers many assets to trade, mainly including Stocks, Bonds, Exchange Traded Funds (ETFs), and Mutual Funds.

Tradable InstrumentsSupported
Stock✔
Bond✔
ETFs✔
Mutual Funds✔
Cryptocurrency❌
Shares❌
Metals❌
What Can I Trade on Banyo?

Banyo Fees

Banyo charges fees for account application, asset custody, redemption, and other miscellaneous services. You can refer to the table for details.

Fee CategoryDescriptionAmountNotes
Application FeeFee for opening a new accountUp to 3.85% of the net asset value (NAV)Depends on the number of units, amount, or value of the application
Custody FeeFee for holding the assetsUp to 2.20% per annum of the NAV
Redemption FeeFee for redeeming unitsUp to 0.5% of the NAV on the redemption date
Other FeesAudit fees, trading commissions for securities, custody fees for assets held overseas, etc.Varies depending on the productFees may change depending on the holding period
Banyo Fees

Deposit and Withdrawal

Banyo's minimum deposit is JYP 10,000. The specific fees for deposit and withdrawal are not provided.

Deposit and Withdrawal

User Reviews

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WQ4568
more than one year
I recently had an unfortunate experience with Banyo. Unfortunately, the customer service did not meet my expectations. I wasn't reminded to make a payment for my account, and despite reaching out via email, I received no response. It's disheartening when a broker falls short in communication.
I recently had an unfortunate experience with Banyo. Unfortunately, the customer service did not meet my expectations. I wasn't reminded to make a payment for my account, and despite reaching out via email, I received no response. It's disheartening when a broker falls short in communication.
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2024-01-12 17:51
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