Global Broker Regulation Inquiry App
WikiFX
kennis2244 
1-2 years
Is SHIMADAI a legit broker?
Broker Issues
Regulation
07-06
United States
WikiFX
Reply
Yes, SHIMADAI Securities is a legitimate broker regulated by the Financial Services Agency (FSA), Japan's main financial regulatory body. This provides a certain level of security and confidence that the broker operates under established financial laws. The FSA requires firms like SHIMADAI to follow regulations on client fund protection and disclosure. However, the lack of information on trading platforms, and the absence of a demo account may be a concern for potential traders. Traders should weigh the pros of regulation with the cons of limited platform functionality and language barriers before deciding to trade with SHIMADAI.
Similar Questions
What are the risks of trading with APC?
helpneeded
08-23
What should investors know about the risks of unregulated investment firms like WOOD & Co?
Sanford
06-14
Based on your own experience, what would you say are the three main benefits of using Bursanet?
sinopi
09-04
How does CySEC regulation affect my safety as a trader with iFOREX Europe?
Aman A
07-25
What are the disadvantages of using FINAM?
Aman A
05-04