Company Summary
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WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
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MONEY SQUARE , JFX Broker Comparison
Do you want to know which is the better broker between MONEY SQUARE and JFX ?
In the table below, you can compare the features of MONEY SQUARE , JFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant exposure
- Rating
- Basic Information
- Benchmark
- Account Information
- Relevant exposure
2 brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions
(ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
- Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
- Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
6.71
Regulated
No guarantee
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10-15 years
FSA
Not supported
Not supported
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Pin on the left
8.12
Regulated
No guarantee
--
15-20 years
FSA
Supported
Not supported
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Score
Regulatory Status
Regulated
Regulated
BrokerRelevant information
JFX BrokerRelevant exposure
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of money-square, jfx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
money-square
| Registered Country/Region | Japan |
| Regulation | FSA |
| Minimum Deposit | No minimum initial deposit requirement |
| Maximum Leverage | 1:25 |
| Minimum Spreads | 0.1 pips on for USD/JPY |
| Trading Platform | A Proprietary trading platform |
| Demo Account | Yes |
| Trading Assets | 15 currency pairs |
| Payment Methods | Quick deposits and Transfer Payment |
| Customer Support | Phone, Email, Online Chat |
General Information & Regulation
MONEY SQUARE, INC. was established in October 2002 as a company mainly engaged in over-the-counter foreign exchange trading. The company is authorized and regulated by the Financial Services Agency of Japan (FSA) under License No. 5010401112058. Also, MONEY SQUARE is authorized and regulated by the Securities Dealers Association of Japan under Financial Instrument Operator No. 2797 of Kanto Finance Bureau Director (Financial Instruments).
Market Instruments
Users can trade 15 currency pairs, generally 1,000 currency units at a time, except for 10,000 units for South Oran/JPY and Mexican Peso/JPY.
Spreads
MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.
Margin & Leverage
If placing an order, individual users must guarantee at least 4% margin (25:1 leverage) on the value of each currency pair traded. However, corporate users have a slightly different margin rate, which is 0.96% for USD/JPY for example.
Open an account
MONEY SQUARE only supports online account opening, if a client needs to apply for both Forex and CFD accounts, then he/she needs to apply separately. In addition, MONEY SQUARE does not charge any account opening fees and account maintenance fees.
Trading Platform
MONEY SQUARE provides clients with access to the world financial markets through Tralipi®, a trading platform developed by the trader itself, which supports both PC and cell phones.
Deposit & Withdrawal
Users can make deposits via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits/withdrawals.
Trading Hours
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
Pros & Cons
| Pros | Cons |
| FSA-regulated with long establishment | Limited currency trading |
| A series of trading tools | Conservative leverage |
| No transfer fees | Only accepting Japanese Yen for depsoits and withdrawals |
| Competitive spreads | Non-MT4/MT5 trading platform |
| No trading fees applied | |
| No account opening & maintenance fees |
Frequently Asked Questions
Does MONEY SQUARE offer leverage？
MONEY SQUARE provides leverage capped at 1:25.
What deposit and withdrawal payment does MONEY SQUARE accept ？
MONEY SQUARE support payment through quick deposit and transfer payments.
Does MONEY SQUARE offer demo accounts ？
No clear information about this part is disclosed.
Does MONEY SQUARE charge a commission？
No, MONEY SQUARE does not charge commissions, only spreads calculated.
What is trading hour set by MONEY SQUARE ？
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
jfx
| Basic | Information |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Founding Time | 2007 |
| Minimum Deposit | No limitation |
| Maximum Leverage | 1:25 |
| Minimum Spreads | 0.4 pips for EURJPY |
| Trading Platform | MT4 |
| Trading Assets | Major currency pairs |
| Payment Methods | Quick Deposit, Bank Transfer, |
| Customer Support | Phone, Email |
General Information & Regulation
In 2005, Across FX Co., Ltd. was established and registered as a financial futures trader in November and joined the Financial Futures Association, and in August 2007, started dealing in “Zero FX” and in September 2007, registered as a financial instruments business operator, and moved its headquarters from Minato-ku, Shiba to Akasaka. In 2008, the name of the company was changed to JFX Co, Ltd. In 2010, JFX started to handle foreign exchange margin trading “MATRIX TRADER,” and in May of the same year, JFX started to provide an iPhone version of the application. 2011, the number of digits displayed in the JFX exchange rate was increased, and in November of the same year, the immediate withdrawal service was started. In 2014, JFX started processing binary options trades, and in July of the same year, the iPhone version of the application became available. JFX is currently regulated by the Financial Services Agency of Japan (Regulation No. 1010001123038).
Market Instruments
JFX offers investors access to the most popular currency pairs in the foreign exchange market, such as EURJPY, EURAUD, USDCAD, EURGBP, and more. Besides, information on other trading assets is not known at this time.
Minimum Deposit
JFX requires no minimum deposit for opening an account, therefore, traders can fund their account any amount to start trading.
Spreads & Commissions
The spreads are 0.4 pips for EURJPY, 1.5 pips for CADJPY, 1.6 pips for CHFJPY, 0.8 pips for EURGBP, 1.5 pips for USDCHF, 1.4 pips for EURAUD, 1.4 pips for GBP/AUD, and 1.8 pips for USDCAD.
Leverage
The maximum leverage available at JFX is up to 1:25 according to the Japanese Laws.
Trading Platforms
JFX offers traders the most popular MT4 trading platform on the market. MT4 trading platform is the gold standard in the forex trading industry with powerful charting tools, as well as a large number of technical indicators, support for automated trading, and EA's. Additionally, there is the MATRIX TRADER trading platform available for traders to use.
Deposit and Withdrawal
For traders to deposit and withdraw funds, JFX offers four different methods, namely Quick Deposit, Bank Transfer, Real-time Withdrawal, and Standard Withdrawal. Quick Deposit is an online deposit service for those clients who have an internet banking contract with a JFX affiliated financial institution. Bank Transfer means that investors can transfer funds directly from a bank counter, ATM, or internet banking to an account designated by JFX.
Customer Support
Clients with any inquries or trading-related issues, they can go to the FAQ section to look for some answers, and if they need staff service, they can get in touch with JFX through the following contact channels:
Telephone: 03-5541-6410
Email: kujyo@jfx.co.jp
Pros & Cons of JFX
| Pros | Cons |
| FSA-regulated | Limited variety of assets traded |
| Low trading fees | Conservative leverage |
| MT4 trading platform supported | |
| Narrow spreads | |
| No minimum deposit requirements | |
| Quick execution |
Are the transaction costs and expenses of money-square, jfx lower?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive money-square and jfx are, we first considered common fees for standard accounts. On money-square, the average spread for the EUR/USD currency pair is -- pips, while on jfx the spread is --.
Which broker between money-square, jfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
money-square is regulated by FSA. jfx is regulated by FSA.
Which broker between money-square, jfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
money-square provides trading platform including -- and trading variety including --. jfx provides trading platform including -- and trading variety including --.