Gaitamejapan Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　Gaitamejapan is a Japanese online forex broker founded in 2002 with its headquarters in Tokyo. Gaitame was originally established as Orient Tradition FX Co., Ltd and changed its name in 2003 to Gaitame Dot Com Ltd. During the following years it opened branches all over Japan. In 2009, it established the Gaoto Dotcom Research Institute, a wholly-owned subsidiary of the foreign exchange think tank. Ten years later it boasts 500 000 total accounts. Gaitamejapan is authorized and regulated by the Financial Service Agency (FSA), with regulatory license number: 7010001105352.

　　Account Types

　　Gaitamejapan offers two live trading accounts: individual and corporate accounts. Besides, the demo account is available for desktop or smartphone and can be used for a period of 90 days.

　　Account Opening

　　The process to open an account can be started from the following steps:

• 　　Fill in the required information on the application form and add your verified address.

• 　　Send the form plus the required ID documents through to Gaitame

• 　　Gaitame needs to verify your details before confirming that your account has been opened and this can take a few days.

• 　　Now the new client can log in to My Page with the ID and password that you wrote in the account opening notice.

• 　　Next, you deposit money and start trading.

　　Deposits into a trading account can only be made in the JPY and USD currencies through only a few payment methods.

　　FX Pairs & Spreads

　　There are 30 currency pairs available on the Gaitamejapan platform. Gaitame claims that it offers some of the narrowest spreads in the forex industry, which start as low as 0.2 pips for certain currency pairs. The broker also offers commission-free trading with no transaction fees tied to its trades.

　　Leverage

　　Gaitamejapan allows a maximum leverage ratio of 1:100. It used to offer leverage at 1:200 but this was changed in 2016.

　　Trading Platform Available

　　Gaitamejapan offers a proprietary platform for desktop and mobile applications, namely NextNeo, available for Windows and Mac. Gaitame recommends that the latest version of the tool be used.

　　Deposit & Withdrawal

　　Gaitamejapan does not require a minimum deposit to start trading. The broker also has limited payment methods to fund accounts as it only allows bank wire transfer, credit, and debit cards. It does not offer any of the popular e-wallet methods. Additionally, the broker does offer a “Quick Deposit” service with certain banks. Through this service, clients can instantly deposit funds from the affiliated financial institutions on weekdays as well as on weekends and holidays 24 hours. They are no transfer fees involved.