Broker Information
The Juhachi‐Shinwa Bank, Ltd
Shinwa
No Regulation
Platform registered country and region
Japan
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Company Summary
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Note: Shinwa's official website: https://www.shinwabank.co.jp/ is currently inaccessible normally.
Shinwa Review Summary | |
Founded | 1996 |
Registered Country/Region | Japan |
Regulation | No Regulation |
Market Instruments | Forex, CFDs on stocks, indices, commodities, and cryptocurrencies |
Demo Account | ✅ |
Leverage | Up to 1:500 |
EUR/USD Spread | From 0.2 pips |
Trading Platforms | Web-based trading platform and mobile trading app |
Minimum Deposit | $100 |
Customer Support | / |
Shinwa is an unregulated brokerage company based in Japan. It claims to provide Forex, CFDs on stocks, indices, commodities, and cryptocurrencies with web-based trading platform and mobile trading app.
Pros | Cons |
Various Trading Instruments | Non-functional Website |
Tight Spreads | Lack of Transparency |
Popular Payment Methods | No Regulation |
Shinwa currently lacks valid regulation. It is not sure whether its domain was registered on Oct 2, 1996. We advise you to choose regulated brokers.
Shinwa claims to offer indices, Forex, commodities, CFDs on stocks, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Shares | ❌ |
ETFs | ❌ |
Bonds | ❌ |
Mutual Funds | ❌ |
Shinwa provides Cent Account, Standard Account, and Pro Account.
Account Type | Minimum Deposit |
Cent Account | $100 |
Standard Account | $2500 |
Pro Account | $100000 |
Shinwa offers leverage up to 1:500 on forex pairs and up to 1:20 on CFDs on stocks, indices, commodities, and cryptocurrencies. Leverage allows you to trade with a larger position than you would be able to with your own capital. However, it is important to use leverage carefully, as it can amplify your losses as well as your profits.
Shinwa's spreads are competitive, starting at 0.2 pips on EUR/USD. The company also charges commissions on some trades. The commission rate varies depending on the instrument and the account type.
Account Type | Spread | Commission |
Cent Account | 0.2 pips | 0.01 per lot |
Standard Account | 0.2 pips | 0.02 per lot |
Pro Account | 0.1 pips | 0.03 per lot |
Shinwa offers a web-based trading platform and mobile trading app.
Shinwa supports payment methods through credit cards, debit cards, wire transfers, and e-wallets.
The Juhachi‐Shinwa Bank, Ltd
Shinwa
No Regulation
Platform registered country and region
Japan
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Company Summary
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