Score

1.53 /10
Danger

CHUKYO

United States

5-10 years

Suspicious Regulatory License

High potential risk

B

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Time Machine
Website

Score

Regulatory Index0.00

Business Index7.19

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

CHUKYO · Company summary
CHUKYO Review Summary
Founded1943
Registered Country/RegionJapan
RegulationNot regulated
Market InstrumentsForex, Indices, Shares, Commodities, ETFs, Crypto, Mutual Funds, Loans, Insurance, Defined Contribution Pension
Demo Account
LeverageNot mentioned
SpreadNot mentioned
Trading PlatformChukyo Direct Net Version, Chukyo Investment Trust Direct, Chukyo Business Direct, Chukyo Forex WEB
Min Deposit500 USD (for Foreign Currency Time Deposits)
Customer SupportPhone: 52-211-0345

CHUKYO Information

THE CHUKYO BANK, Ltd. is a Japanese financial institution that was established in 1943. It's headquartered in Nagoya and operates primarily in Japan.

The bank provides a variety of financial services to both individual and corporate clients, such as banking, credit card services, and loan guarantees. However, it lacks regulation by any well-known financial institution.

CHUKYO Information

Pros & Cons

ProsCons
Deep understanding of the Japanese marketLack of regulation
Convenient online bankingWebsite and services only in Japanese
Can provide customized financial adviceThere are no MT4 or MT5 platforms available
Complex fee structure

Is CHUKYO Legit?

CHUKYO is not regulated by other well-known regulatory authorities.

Is CHUKYO Legit?

What Can I Trade on CHUKYO?

CHUKYO provides a full suite of financial services, encompassing investment products, lending options, insurance coverage, and retirement planning.

Tradable InstrumentsSupported
Forex
Indices
Shares
Metals
Commodities
ETFs
Crypto
Energies
Futures
Mutual Funds
Loans
Insurance
Defined Contribution Pension
What Can I Trade on CHUKYO?

Account Type

CHUKYO offers personal accounts for savings, borrowing, and investment, including online platforms like Chukyo Direct Net Version and Chukyo Investment Trust Direct.

For corporate customers, CHUKYO provides full business solutions ranging from management and fundraising to accountancy and international business support. Online platforms such as Chukyo Business Direct and Chukyo Forex WEB frequently offer these services.

Account Type

CHUKYO Fees

Compare with other trading institution, the fees structure of CHUKYO is relatively complex.

Domestic Transfers

Within the same branch fees start from 330 yen for transfers under 30,000 yen. To other banks fees can go up to 880 yen depending on the destination.

ATM Fees

220 yen for transfers under 30,000 yen using the Chukyo Direct Net Version. And 440 yen for transfers over 30,000 yen via the same method.

Other Fees

A 440-yen fee is charged for remittances within the banks branches when remittance, reissuance of documents needs 1,100 yen. As for loan-related fees, partial early repayments or interest rate changes may range from free to 55,000 yen, depending on the specific situation.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for which type of traders
MT4//
MT5//
<Chukyo> Direct Net Version
  • Personal online banking platform
  • Account information
  • Transactions
  • Fund management
Individual customers
Bank Pay
  • QR code payment service
  • Instant withdrawals for shopping and dining
Individual customers using smartphones
<Chukyo> Business Direct
  • Virtual bank counter
  • Cost savings on transfer fees
  • Enhanced security
Businesses
<Chukyo> Foreign Exchange WEB
  • Corporate and sole proprietor foreign exchange transactions
  • Overseas remittance
  • Import letters of credit managemen
  • Transaction history.
Businesses involved in international trade

Deposit and Withdrawal

The minimum deposit for Chukyo Bank's Foreign Currency Time Deposits is 500 USD, with a flexible range of 1 to 12 month periods.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
Foreign Currency Time500 USD (or equivalent)1 per USD/EUR/Australian dollarsame day
Ordinary DepositsNone\same day
Ordinary Deposits for PaymentsNone\same day
Savings-Type Fixed DepositsVaries based on product type\same day

Withdrawal Options

Withdrawal OptionsMin. WithdrawalFeesProcessing Time
Foreign Currency TimeVaries based on deposit amount1 per USD/EUR/Australian dollarsame day
Ordinary DepositsNone\same day
Ordinary Deposits for PaymentsNone\same day
Savings-Type Fixed DepositsVaries based on deposit amount and term\same day

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