Introduction of Centrade Securities

What is Centrade？

Centrade Securities Co., Ltd., founded in 2005, is a reputable financial firm based in Japan. It operates under the regulation of the Financial Services Agency (FSA), reflecting a level of credibility and adherence to the established financial standards.

Pros & Cons

Pros

• Regulation: Centrade is regulated by the Financial Services Agency (FSA), offering a degree of accountability and reassurance for its clients.

• Customer Service: Centrade offers round-the-clock customer service 5 days a week, allowing for immediate assistance and resolution of queries.

• Multiple Customer Support Channels: The firm offers different avenues through which customers can connect with representatives, enhancing the client experience.

• Established Presence: Centrade's long-established presence since 2005 in the financial sector lends credibility and stability.

Cons

• High Spreads: Centrade charges high spreads from 1 to 10 pips, which could increase the trading costs for its clients.

• Commission Charges: The presence of commission charges could potentially make the cost of trading marginally higher. (For FX trading it is from 1 to 8 yen, for stocks starting from 0 yen.)

Is Centrade Safe or Scam？

• Regulatory Sight: Centrade Securities Co., Ltd is regulated by the Financial Services Agency (FSA) in Japan, a reputable regulatory body for financial entities. It holds a Retail Forex License with the license number 関東財務局長（金商）第74号, which allows it to engage in forex trading activities. This signifies that Centrade operates under specific financial standards and regulations set by the FSA, providing a layer of protection and reliability to its customers. Therefore, the regulatory sight of Centrade is in a positive light, reflecting its credibility in the financial market.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

• Click Kabu 365: This is a stock index margin trading product that gives investors the ability to trade domestic and international stock indexes with leverage. Investors can trade indices like the Nikkei 225 and the NY Dow nearly 24 hours a day, starting from small amounts. Additionally, it offers the benefit of receiving dividends similar to the physical product.

• Foreign Exchange (FX) Trading: This involves buying and selling currencies based on fluctuating exchange rates. It uses leverage, which allows trading of amounts many times larger than the deposited margin. This product aims for efficient returns with minimum capital.

• Stocks: These are securities issued by corporations to raise funds. The value of a stock depends on the performance of the company among other factors. This investment allows for the potential for profits through the buying and selling of stocks, dividends from profits distributed to shareholders, and shareholder benefits like preferential coupons.

• Investment trusts (funds): These are financial products where funds gathered from investors are managed collectively. Expert professionals make diversified investments in stocks, bonds, etc., and profits generated from these investments are distributed according to the investment amount. They are ideal for beginner investors given the lower degree of active management required from the investor's side.

Spread & Commission

Centrade provides a spread structure ranging from 1 pip to 10 pips. This means that the transaction cost, or the difference between the bid and ask price, varies within this scale. As for commissions, Centrade charges from 1 to 8 yen for Foreign Exchange (FX) trading. Notably, for stock trading, the commissions start from 0 yen. This apparently competitive commission structure may screen advantage for traders, particularly those trading in higher volumes.

Customer Service

Centrade is committed to providing comprehensive customer service and ensures easy access for its clients with its multiple offices in various locations. It offers 24/5 customer support via telephone, with the representative number being 0120-160-151, and also provides a fax service on the number 03-5649-9977. The firm has its Tokyo Head Office located at Haruka Building, 2-7-6 Kayabacho, Nihonbashi, Chuo-ku, where clients can visit. Branch offices exist in Nagoya and Hokuriku too, further enabling personal interaction and consultation for its customers.

Conclusion

Centrade Securities Co., Ltd is a regulated financial institution that offers a range of trading and investment products. With its direction under the Financial Services Agency, it ensures compliance with financial standards, while allowing simultaneous profitable opportunities. However, it's worth noting that the firm charges relatively high spreads and commissions, which might not suit all traders.

Frequently Asked Questions (FAQs)

Q: Is Centrade regulated？

A: Yes, Centrade is regulated by the Financial Services Agency in Japan.

Q: Does Centrade charge a commission or not？

A: Yes, Centrade does charge a commission, for FX trading from 1 to 8 yen, while for stock trading starting from 0 yen.

Q: Does Centrade provide a fax service？

A: Yes, it does, and the representative fax number is 03-5649-9977.