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LINE Securities -

Score

1.47 /10
Danger

LINE Securities

Japan

2-5 years

Suspicious Regulatory License

High potential risk

https://line-sec.co.jp

Capital Ratio

Good

Influence

A

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.68

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

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HSBC
BNP Paribas
Commerzbank AG
Standard Chartered
MUFG Bank
Goldman Sachs
Chase Bank
Bank of America
Nomura International plc
BARCLAYS
Citibank, N.A.
UBS AG

Broker Information

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Company Name

LINE Securities Corporation

Company Abbreviation

LINE Securities

Platform registered country and region

Japan

Number of employees

100

Company website

X

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The JapanFSA regulation (license number: 関東財務局長(金商)第3144号) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Data Source WikiFX Data provide
Updated: 2024-11-10
LINE Securities · Company summary
LINE Securities Corporation Review Summary
FoundedJune 1, 2018
Registered Country/RegionJapan
RegulationKanto Local Finance Bureau (Kinsho) No. 3144
Market InstrumentsForex
Demo Account×
Trading PlatformLINE FX (mobile app), LINE FX Pro (PC platform)
Customer SupportPhysical Address:Sumitomo Fudosan Osaki Garden Tower, 1-1-1 Nishi-Shinagawa, Shinagawa-ku, Tokyo

LINE Securities Corporation Information

Established in 2018, LINE Securities Corporation provides the LINE FX service, a smartphone-based tool that simplifies forex trading access and use. With its simple design and real-time LINE app notifications, this platform distinguishes itself in allowing traders to react quickly to movements in the market. Its main disadvantage, meanwhile, is that services are available just to Japanese people.

LINE Securities Corporation Information

Pros and Cons

ProsCons
Real-time notifications through the LINE appAvailable only to Japanese residents
0 yen transaction fee (spread-based cost only)Suspicious clone by FSA
No demo or Islamic account available

Is LINE Securities Corporation Legit?

CategoryDetails
Regulatory StatusSuspicious Clone
License TypeRetail Forex License
Regulated ByJapan(FSA)
Licensed InstitutionLINE Securities Corporation
License NumberKanto Local Finance Bureau (Kinsho) No. 3144
Effective DateJune 24, 2019
Is LINE Securities Corporation Legit?

What Can I Trade on LINE Securities Corporation?

LINE Securities Corporations LINE FX offers forex trading with access to major currency pairs.

Tradable InstrumentsSupported
Forex✔
Commodities❌
Indices❌
Shares❌
Metals❌
Cryptocurrencies❌
ETFs❌
What Can I Trade on LINE Securities Corporation?

LINE Securities Corporation Fees

LINE Securities offers 0 yen transaction fee.

Its spreads starts from 0.2 pips, with no additional commission charges.

ProductSpread
Major CurrenciesFrom 0.2 pips
LINE Securities Corporation Fees

Trading Platform

LINE Securities offers the LINE FX app for trading.

Trading PlatformSupportedAvailable DevicesSuitable For
LINE FX App✔MobileBeginner and casual traders
Trading Platform

Deposit and Withdrawal

LINE Securities Corporation does not mention the details of deposit and withdrawal.

News

NewsLine Securities Announces Restructuring Plans to Emphasize Forex Margin Trading Services

LINE Financial and Nomura are restructuring their joint venture, LINE Securities, emphasizing forex margin trading services. Completion expected by 2024.

WikiFX
2023-06-13 14:58
Line Securities Announces Restructuring Plans to Emphasize Forex Margin Trading Services
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User Reviews

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User comment

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Comments

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FX1660959817
more than one year
Scamming dealers? I really don't know where the good reviews came from. In short, do not be deceived, after being deceived, and then want to let them swallow the funds spit out, more difficult than heaven.
Scamming dealers? I really don't know where the good reviews came from. In short, do not be deceived, after being deceived, and then want to let them swallow the funds spit out, more difficult than heaven.
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2024-03-29 14:13
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FX1635216794
more than one year
I encountered some confusion during the account opening process with LINE Securities. However, their prompt assistance over the phone quickly resolved my issues. Their help was invaluable, and their staff demonstrated great patience.
I encountered some confusion during the account opening process with LINE Securities. However, their prompt assistance over the phone quickly resolved my issues. Their help was invaluable, and their staff demonstrated great patience.
Translate to English
2024-02-29 15:00
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