What is OKAYASU SHOJI？
OKAYASU SHOJI Co., Ltd., established in 1952, is a reputable company located in Osaka, Japan. It is a regulated entity overseen by FSA of Japan with the regulatory license number 2120001136572. Operating within the financial industry, OKAYASU SHOJI offers a range of services including listed product trading and contracting, foreign exchange margin trading, stock index margin trading, and insurance product sales.
With a strong emphasis on investor satisfaction, OKAYASU SHOJI provides a diverse selection of trading instruments across various asset classes. It strives to offer competitive commission fees, ensuring a fair and transparent trading experience for its clients.
If you're interested, we welcome you to read the upcoming article where we will comprehensively evaluate the broker from different perspectives and present you with concise and well-structured information. By the end of the article, we will provide a brief summary to give you a complete understanding of the key features of the broker.
Pros & Cons
Pros:
1. Regulated by the FSA: OKAYASU SHOJI is regulated by the Financial Services Agency (FSA), which ensures that the broker operates within the legal framework and follows industry standards.
2. Featured in Click 365: Being featured in Click 365, which is a well-known and reputable financial trading platform, indicates that OKAYASU SHOJI has met certain criteria and is recognized within the industry.
Cons:
1. No social media presence: The absence of a social media presence could make it difficult for clients to connect with OKAYASU SHOJI on popular platforms, limiting the availability of up-to-date information and customer interaction.
2. No live chat support: The lack of live chat support could be perceived as a disadvantage as it may limit immediate assistance for clients who require prompt responses to their questions or concerns.
Is OKAYASU SHOJI Safe or Scam？
According to the available information, OKAYASU SHOJI is under the regulation of the Financial Services Agency (FSA) in Japan. The FSA oversees all financial services providers, including Forex brokers, with the goal of maintaining stability in the country's financial system. With a good reputation, years of operation, and positive customer reviews, OKAYASU SHOJI seems to be a dependable and trustworthy broker. Nevertheless, it is crucial for traders to conduct their own research, evaluate their options, and be aware that all investments carry some level of risk.
Market Instruments
OKAYASU SHOJI offers investors a variety of trading instruments across different asset classes.
- Commodity Futures Trading:
OKAYASU SHOJI enables investors to trade commodity futures contracts. Examples of commodities traded in futures markets include gold, silver, crude oil, natural gas, corn, wheat, soybeans, and more. Trading commodity futures allows investors to speculate on the price movements of these commodities and potentially profit from price fluctuations.
- Foreign Exchange Margin Trading:
OKAYASU SHOJI facilitates foreign exchange (forex) margin trading, allowing investors to trade currency pairs. Forex trading involves buying one currency while simultaneously selling another currency. Currency pairs commonly traded include the major pairs such as EUR/USD, GBP/USD, USD/JPY, as well as crosses and exotic pairs. Forex trading offers the opportunity to benefit from fluctuations in currency exchange rates.
- Stock Index Margin Trading:
OKAYASU SHOJI provides margin trading on stock indices. This allows investors to trade contracts based on the price movements of stock index futures. Popular stock indices traded may include Nikkei 225 in Japan, New York Dow Jones in the United States, FTSE 100 in the UK, and other major global indices. Trading stock index futures provides exposure to the overall performance of a basket of stocks and allows investors to speculate on the direction of the stock market.
- Gold Reserves:
OKAYASU SHOJI offers gold reserves as a trading instrument. Gold is considered a safe haven asset and is often used as a hedge against inflation or economic uncertainties. Investors can trade gold contracts to speculate on the price movements of gold or to diversify their investment portfolio.
Order Types
OKAYASU SHOJI offers the following order types: market, limit, stop, timed market, timed limit, timed stop, streaming, OCO, IF DONE, IF DONE OCO. Users can choose different order types according to their trading style.
Click 365
“Click 365” is a registered trademark of Tokyo Financial Exchange Co., Ltd. and is used as a nickname for foreign exchange margin trading listed on the exchange. Transaction fees (including tax) vary according to the currency pair and the course chosen by the client. For currency pairs with 10,000 currency units, the fee is charged at 10,000 currency units; for currency pairs with 100,000 currency units, the fee is charged at 100,000 currency units. For general currency pairs, the self-service course is 0 yen, the support course is 687 yen (daily settlement fee is 343 yen), and the standard course is 1,375 yen (daily settlement fee is 687 yen). For large currency pairs, the self-service course is JPY 1,100 (daily settlement fee is JPY 550), the support course is JPY 6,875 (daily settlement fee is JPY 3,437), and the standard course is JPY 13,750 (daily settlement fee is 6,875 yen).
Commissions
Commission fees are applied by OKAYASU SHOJI to commodity futures trading when consigning transactions. The highest fee charged for in-person transactions is 1.19 yen (including tax) per direction, and the lowest fee is 140.1 yen (including tax) per direction for each minimum transaction unit (056 ticket). For loss-limited trading (Smart CX), the minimum fee required is 1.6 yen and a minimum of 270 yen (including tax) per direction for each minimum transaction unit (198 piece).
Deposits & Withdrawals
OKAYASU SHOJI is a financial company that accepts deposits and withdrawals exclusively in Japanese yen. This means that customers can only deposit or withdraw money using the local currency, and they cannot use foreign currencies or securities to conduct transactions.
To make a deposit or withdrawal, customers can use depository financial institutions such as Mizuho Bank or PayPay Bank. These institutions will process the transaction, ensuring that the funds are transferred to the correct account.
Customers who use the quick deposit service can benefit from a fee-free transfer. This means that they can deposit funds into their OKAYASU SHOJI account without any additional cost, making it more convenient and cost-effective to use the service. However, it is important to note that the transfer fee for regular deposits and withdrawals may still apply, depending on the policy of the specific depository financial institution used.
Customer Service
Conclusion
In conclusion, OKAYASU SHOJI is an established company based in Osaka, Japan, operating. The company is regulated by FSA of Japan, ensuring compliance with industry standards and regulations.
OKAYASU SHOJI offers a range of services to investors, including listed product trading and contracting, foreign exchange margin trading, stock index margin trading, and insurance product sales. The company aims to provide a diverse selection of trading instruments across different asset classes, catering to the specific needs of its clients.
Overall, OKAYASU SHOJI's regulation by the FSA and its dedication to providing a comprehensive range of trading services position it as a choice financial institution for investors.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-30 10:27
