TRADERS SECURITIES

Overview of TRADERS SECURITIES

Founded in November 1999 and headquartered in Tokyo, Japan, Traders Securities Co., Ltd. is a financial services firm with a focus on providing retail investors with a platform for online trading in financial derivatives. Over the years, the company has evolved and expanded its operations to include forex trading through its platform, Minna no FX, which started after taking over EMCOM Securities Co., Ltd. in July 2010.

It is regulated by the Japanese Financial Services Agency (FSA), adding a layer of credibility and security for traders. Minna no FX also makes the claim, based on their own in-house research as of September 4, 2023, of offering the industry's narrowest spreads on major currency pairs, which is an attractive feature for traders looking to minimize transaction costs.

Is TRADERS SECURITIES Legit or a Scam？

Traders Securities is a regulated financial services company, overseen by the Japanese Financial Services Agency (FSA), which is a strong indicator that the firm is legitimate. Operating since 1999 and adhering to rigorous financial standards as dictated by the FSA, Traders Securities offers a secure platform for retail traders to participate in the forex market and other financial instruments. Regulatory oversight and a long-standing operation make the firm a reliable choice for investors looking for a regulated trading environment.

Pros and Cons

Pros:

1. Narrowest Spreads: According to in-house research, Traders Securities claims to offer the industry's narrowest spreads, thereby lowering transaction costs.

2. Regulated by FSA: Regulatory oversight provides security and credibility.

3. Wide Range of Instruments: Including forex, securities, options, and even crypto assets.

4. Multiple Trading Platforms: Provides a diversified trading experience.

5. Swift Account Opening: Possible to start trading within an hour through “Smartphone Identity Authentication.”

Cons:

1. Spread Fluctuation: Spreads are subject to change in extreme market conditions.

2. JPY-only Transactions: Limited to deposits and withdrawals in Japanese Yen.

3. Interest Rate Fluctuations: Swap points are subject to change based on the interest rates of different countries.

Market Instruments

Traders Securities offers an impressive array of financial instruments for trading. Apart from the usual suspects like forex and securities, the firm also allows trading in options and popular crypto assets like Bitcoin and Ethereum. With Minna no FX, traders can engage in forex trading 24 hours a day, while the platform's “Everyone's system store” allows for automated system trading. Traders also have the option of participating in binary options through the same store. Given its comprehensive range of instruments, the platform serves as a one-stop-shop for diversified trading needs.

Account Types

While specific account types were not mentioned, the platform seems to be designed for retail traders and includes several features that can cater to both novice and experienced traders. Opening an account is straightforward and can be expedited using “Smartphone Identity Authentication,” allowing traders to start trading within an hour under specific conditions.

How to Open an Account？

1. Visit Website: Go to https://min-fx.jp/ which is the official website of the trading platform.

2. Sign Up: Look for a “Sign Up” button, usually on the top right corner of your screen. Click on it.

1. Personal Information: Fill out the registration form where you will be asked to provide some personal information like your name, address, phone number, email, etc.

1. Confirmation Email: Check your email for a confirmation link. Click on this link to confirm your email address and your registration.

1. First Deposit: Once your account has been verified, you can now make your first deposit. The website will provide instructions on how to make a deposit. After doing so, you now have an open account and ready to start trading.

Leverage

Leverage is a powerful tool in forex trading, and Traders Securities offers up to 25 times leverage for most currency pairs. The margin requirement is generally 4% of the transaction amount, which is competitive and gives traders ample room to maximize their positions. However, for trading in specific pairs like the Russian ruble/yen, the leverage is lower at 10 times, with a margin requirement of 10% of the transaction amount.

Spreads & Commissions

One of the standout features of Traders Securities is its narrow spreads, which according to in-house research, are the industry's narrowest for major currency pairs like USD/JPY, EUR/JPY, and others. For example, the spread for USD/JPY is only 0.2 pips, significantly lowering transaction costs for traders. This spread is fixed in principle between 8 am and 5 am the next day, with certain exceptions such as market volatility due to economic indicators or natural disasters.

Trading Platform

Traders Securities provides its clients with a choice of trading platforms including FX Trader and Web Trader for forex services, and System Trader for Systre services. The platforms are compatible with both smartphone and PC versions, giving traders the flexibility to trade from anywhere. These platforms come equipped with various features and tools to assist traders in making informed decisions.

Deposit & Withdrawal

The deposit methods include direct deposit, which is available 24/7 and is fee-free, and bank transfer where the transfer fee is borne by the customer. The platform supports 340 financial institutions in Japan for direct deposit. The minimum deposit required is 5,000 yen. Withdrawals are also fee-free but are limited to Japanese yen transactions.

Customer Support

The customer support of TRADERS SECURITIES CO., LTD. is quite prompt and accessible. They can be reached via phone for Japanese customers at +81 0120-637-104. You can also get in touch with them through various social media platforms.

Their Official Twitter handle is https://twitter.com/min_fx, and they post regular updates and announcements here.They also have a presence on social media platforms such as Facebook, and YouTube. You can find more information or reach out with specific inquiries through their website.

Brokers Comparison

Educational Resources

Traders Securities offers a comprehensive suite of educational resources aimed at both novice and experienced traders. The platform provides a 'swap calendar' for monitoring swap points for various currency pairs, along with real-time exchange rates and charts for all offered currency and crypto pairs, helping traders make informed decisions. To enhance trading knowledge and risk management, they offer margin and swap simulations as well as an effective leverage calculator.

For in-depth market insights, Yoshio Iguchi's Dealer's Eye provides weekly FX market information from a professional perspective, and their original FX report summarizes market trends and trading points. Corporate traders can find specialized information on account leverage and required margins. Additionally, they offer 'Blog parts,' where traders can get embeddable rates and charts for their own use. These resources serve as valuable tools for anyone looking to elevate their trading skills and understanding of the market.

Conclusion

In conclusion, Traders Securities stands out as a robust and reliable trading platform ideal for both novice and experienced traders. Regulated by the Japanese Financial Services Agency, it offers a secure trading environment complemented by a wide range of financial instruments, multiple trading platforms, and educational resources.

Its standout features like industry-leading narrow spreads, swift account opening, and comprehensive educational tools make it a particularly competitive option for those interested in forex and other financial markets, although it's best suited for those who are comfortable conducting transactions in Japanese Yen.

FAQs

Q: What regulatory body oversees Traders Securities？

A: Traders Securities is regulated by the Japanese Financial Services Agency (FSA), providing a secure and credible trading environment.

Q: What are the trading instruments available on the platform？

A: The platform offers a diverse range of trading instruments including forex, securities, options, and crypto assets, catering to both novice and seasoned traders.

Q: How quickly can I start trading after opening an account？

A: With “Smartphone Identity Authentication,” it is possible to complete the account opening process and start trading within an hour, under specific conditions.

Q: What is the maximum leverage offered by Traders Securities？

A: The platform offers up to 25 times leverage for most currency pairs, enabling traders to maximize their positions.

Q: How competitive are the spreads on forex pairs？

A: According to their in-house research, Traders Securities offers the industry's narrowest spreads on major currency pairs, starting at 0.2 pips for USD/JPY, reducing transaction costs significantly.

Q: What educational resources does Traders Securities offer？

A: Traders Securities provides comprehensive educational tools, including a 'swap calendar,' real-time exchange rates and charts, margin and swap simulations, and professional market insights through Yoshio Iguchi's Dealer's Eye and their original FX reports.