Abstract:Kawaselife, a broker operating in Japan, claims to be regulated by the Japan FSA. However, there are suspicions that the claimed regulation may be a clone, and currently, Kawaselife does not possess a valid regulation. Despite the potential risks associated with investing with Kawaselife, it is worth mentioning that they offer a diverse range of trading instruments across various asset classes.
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 contained in this article is for general information purposes only.
Kawaselife Review Summary | |
Founded | 2-5 years |
Registered Country/Region | Japan |
Regulation | FSA (Suspicious Clone) |
Market Instruments | Gold, silver, platinum (standard and mini), rubber (RSS3), corn, general soybeans, red bean |
Demo Account | Unavailable |
Trading Platforms | N/A |
Minimum Deposit | N/A |
Customer Support | Phone, fax |
Kawaselife, a broker operating in Japan, claims to be regulated by the Japan FSA. However, there are suspicions that the claimed regulation may be a clone, and currently, Kawaselife does not possess a valid regulation. Despite the potential risks associated with investing with Kawaselife, it is worth mentioning that they offer a diverse range of trading instruments across various asset classes.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros | Cons |
• A range of trading instruments | • FSA (Suspicious Clone) |
• No demo accounts | |
• No live chat support | |
• No social media presence |
There are many alternative brokers to Kawaselife depending on the specific needs and preferences of the trader. Some popular options include:
BlackBull Markets - A reputable forex broker known for its low spreads, fast execution, and comprehensive trading tools, making it an excellent choice for traders seeking a reliable and feature-rich trading experience.
Grand Capital – A multi-asset trading platform that provides traders with access to various financial markets, innovative trading technologies, and an extensive range of investment options.
LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.
The Japan FSA regulation (license number: 近畿財務局長(金商)第304号) claimed by this broker is suspected to be clone. Kawaselife currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with Kawaselife, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Kawaselife offers a wide range of trading instruments across different asset classes. Here are some of the commodity futures available on various exchanges:
Osaka Exchange:
- Gold (Standard and Mini)
- Gold Contract Day
- Silver
- Platinum (Standard and Mini)
- Platinum Contract Day
- Palladium
- Rubber (RSS3)
- Rubber (TSR20)
- Corn
- General Soybeans
- Red Bean
- CME Crude Oil Index Futures
Tokyo Commodity Exchange:
- Gasoline
- Kerosene
- Diesel oil
- Crude oil
- Chukyo petroleum gasoline
- Chukyo petroleum kerosene
- LNG (Liquified Natural Gas)
- Electric power (East and West area/base, intraday load)
Dojima Exchange:
- Niigata Koshi EXW
- Corn 50
- U.S. soybeans
- Red beans
- Raw sugar
Kawaselife offers steps to open an account. Here are the details:
Confirmation of Precautions and Input of Customer Information:
- Read and understand the electronic delivery document, which includes transaction details, mechanisms, and risks.
- Confirm that you have reasonable knowledge of the transaction and its mechanism.
Submission of My Number (Individual Number):
- From October 27, individuals are required by law to present their 10-digit My Number (Individual Number) when opening an account.
- Submit one of the following documents to confirm your My Number: Individual Number Card, Notification Cards, or Certificate of Residence with Individual Number.
Submission of Identity Verification Documents:
- Choose one of the three options:
(1) Individual Number Card + 1 identity verification document,
(2) Notification Cards + 2 identity verification documents,
(3) Certificate of Residence with Individual Number + 1 identity verification document other than a certificate of residence.
- Submit copies of valid identity verification documents, such as a driver's license, passport, residence card, etc.
How to Submit the Documents:
- You can submit the identity verification documents by mail or fax.
- For mailing, download the provided return envelope or use your own envelope.
- For fax submission, fill in your name and telephone number on the document and send it to the fax number provided.
Judging:
- The documents will be screened, and there may be a document and oral examination (confirmation).
- The result may lead to the acceptance or rejection of your account opening request.
Issuance of Login ID and Password for Click 365:
- The login ID and password will be sent to you by mail.
- There are separate sets of login credentials for trading and e-profit.
- The login ID and password for e-profit will be notified by email after confirming a payment of 50,000 yen or more within 2 weeks of completing the account opening.
- It is important to protect your login information and consider changing the password for security reasons.
Deposit:
- Deposit funds to the transfer account designated by Click 365.
- After confirming the payment, the funds will be reflected in your account, and you can start trading.
Here are the transaction fees for different courses and products:
Margin Trading with NY Dow Reset or other than Margin Trading with NASDAQ-100 Reset:
- Self Course: 150 yen (one-way, tax included). The daily settlement fee is also 150 yen.
- Support Course: 2,200 yen (one-way, tax included). The daily settlement fee is 1,100 yen.
- *Please note that Gold ETFs and crude oil ETFs under the Support Course have a fee of 1,100 yen (one-way, tax included). The daily settlement fee for these ETFs is 550 yen.
Margin Trading with NY Dow Reset or NASDAQ-100 Margin Trading with Reset:
- Self Course: 25 yen (one-way, tax included). The daily settlement fee is also 25 yen.
- Support Course: 220 yen (one-way, tax included). The daily settlement fee is 110 yen.
- Standard Course: 440 yen (one-way, tax included). The daily settlement fee is 220 yen.
In the case of proxy input by phone, the daily settlement fee for all courses is 4,400 yen, and the daily settlement fee is 2,200 yen.
For gold ETFs and crude oil ETFs under proxy input, the fee is 2,200 yen (one-way, tax included), and the daily settlement fee is 1,100 yen.
General Currency Pairs:
Self Course: 165 yen (one-way, tax included).
Support Course: 1 yen (one-way, tax included), except for Turkish lira/yen which is 375 yen. The daily settlement fee is 660 yen, or 687 yen for Turkish lira/yen.
Standard Course: 330.1 yen (one-way, tax included), except for Turkish lira/yen which is 375 yen. The daily settlement fee is 660 yen, or 687 yen for Turkish lira/yen.
In the case of proxy input by phone, both courses will have a fee of 330.1 yen (Turkish lira/yen is 100 yen), and the daily settlement fee will be 550 yen (Turkish lira/yen is 6 yen). Please note that transaction fees include discounts for campaigns and continuation discounts for the elderly.
Large Currency Pairs:
Self Course: 875.3 yen (one-way, tax included). The daily settlement fee is 437 yen.
Support Course: 13,750 yen (one-way, tax included). The daily settlement fee is 6,875 yen.
Standard Course: 13,750 yen (one-way, tax included). The daily settlement fee is 6,875 yen.
Please note that transaction fees may be discounted during campaign periods.
Contact Type | Phone Number | Fax Number | Reception Hours |
Management Department | Toll-free: 0120-73-1198 | 03-5641-3910 | Weekdays: 9:00 a.m. ~ 5:30 p.m. |
Face-to-face sales department | - | - | - |
- Osaka Counter | Head Office: 301-781-<> | - | - |
- Head Office Sales Department | Toll-free: 0120-140-035 | - | - |
- Tokyo Counter | Tokyo Sales Department: 0120-428-351 | - | Except January 1, Saturdays and Sundays: 8:00 a.m. ~ 1:00 p.m. |
- Tokyo Sales Department | 0120-864-344 | - | - |
- Tokyo 0120rd Sales Department | Toll-free: 864-325-8 | - | - |
Self-course dial | Sales Department: 0120-725-810 | - | Weekdays: 8:30 a.m. ~ 6:00 p.m. |
Notes: Please note that reception hours may vary for certain locations and excluding specific dates. You can contact the respective phone numbers provided for inquiries related to orders and other concerns.
In conclusion, Kawaselife, a broker operating in Japan, claims to be regulated by the Japan FSA. However, there are suspicions that the claimed regulation may be a clone. This raises concerns regarding the legitimacy and oversight of their operations.
While Kawaselife offers a wide range of trading instruments across different asset classes, it is essential to prioritize the safety and security of investments. It is advisable to seek out brokers that are properly regulated by reputable financial authorities to ensure a level of trust and protection.
Q 1: | Is Kawaselife regulated? |
A 1: | No. It has been verified that this broker currently has no valid regulation. |
Q 2: | How can I contact the customer support team at Kawaselife? |
A 2: | You can contact via phone, 0120-73-1198 and fax, 03-5641-3910. |
Q 3: | Does Kawaselife offer demo accounts? |
A 3: | No. |
Q 4: | Is Kawaselife a good broker for beginners? |
A 4: | No. It is not a good choice for beginners because the license of FSA is suspicious clone. |