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BANYO logo

BANYO

Regulated
Japan
,
Since 1962
Last Updated:
55/100
Overall Score

Trading Conditions

Min Deposit:
JPY10000
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

8 methods

Credit Card

credit card
hours
Fee:
Free
Fee:
Free

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
$20

Visa

credit card
Instant
Fee:
Free
Fee:
Free

Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

PayPal

e wallet
Instant
Fee:
Free
Fee:
Free

Neteller

e wallet
hours
Fee:
Free
Fee:
Free

Skrill

e wallet
hours
Fee:
Free
Fee:
Free

Union Pay

credit card
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 47%, 2: License 62%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
47%Poor
License
62%Fair
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:Banyo Securities Co.,Ltd.
Founded:1962
Headquarters:Japan
Enterprise Offices:1offices

Customer Support

Phone:
+81 079-223-1010
Live Chat:
business_hours
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about BANYO: its history, the licences it holds, its trading conditions and its fees.

Overview and Introduction

BANYO is a trading firm and financial services provider that has been present in Japan's market for around 15-20 years. Nonetheless, due to a lack of data available publicly about the company through official channels or independent sources, this broker has limited data available to traders and investors looking for comprehensive knowledge on what the broker offers and how it operates.

However, understanding what brokers such as BANYO are in the financial marketplace is crucial. Brokers act as intermediaries between buyers and sellers, giving their clients access to different market instruments or asset classes, providing ways to buy or sell these assets and supplying the tools or platforms needed for investors to assist them in making educated decisions regarding their investment portfolios. The purpose of this article is to provide an overview of BANYO based on the data available, covering many different areas including background, regulatory status, trading conditions and user experience.

Background and History

BANYO is also known as Banyo Securities Co., Ltd, which is classified as a Japanese brokerage firm that has existed for over 15 years. Although the history of the company is not well documented publicly, it can be inferred through its longevity that the company must have been able to maintain some sense of stability and was able to sculpt itself to fit the very competitive financial services environment of Japan.

BANYO predominantly operates within the borders of Japan and likely provides its services to retail investors and traders who primarily reside in Japan and allow those investors or traders access to both local and potentially foreign markets. However, without having access directly to the company’s official communications, or data on their web site; there is no verifiable information regarding the history or development of BANYO, or details regarding their managerial structure, or the direction they are taking as a company in the industry.Amenities and Services

Due to limited publicly-available information regarding BANYO's products and services, it is challenging at best to provide an exact summary of the types of offerings that can be found through this broker. Many brokers of this type provide access to equity, bond and derivative markets, foreign exchanges, as well as investment advisory and portfolio management services; therefore, it is likely BANYO offers multiple forms of trading platforms and account types to meet the needs of various investor types; however, since there is no documentation available regarding the specifics of the different trading platforms offered by BANYO, such as technology and access to websites, it is impossible to detail the precise offerings provided by this broker. There is also a lack of comprehension regarding what types of instruments are available, how to access the markets, and what benefits are provided to customers of BANYO such as educational support and analysis.

Regulatory Compliance and Licensure

Many investors seek regulatory supervision as a means to evaluate the trustworthiness and stability of any financial institution providing financial and/or investing-related services. As a large market noted in Japan, such institutions are generally regulated by Japan's Financial Services Agency (FSA), which is responsible for the regulation of brokerage firms, enforcing compliance with laws governing finance and protection of investors.

BANYO's licensure status, registration number and and regulatory disclosures have not been made available through their website or any other reliable source, providing limited visibility into their regulatory status.Regulation/Licence Number

- Financial Services Agency Japan

- Number not available to the public

- Unknown/not verified

Trading Conditions and Platform Technology

You can not evaluate if a broker is a good fit for you to trade with, without knowing what the trading conditions offered by BANYO are (spreads, leverage, etc.) BANYO has not made any of the above information available publicly so please do not compare them to any other brokers.

BANYO does not provide information regarding the type(s) of Trading Platform technology that they will support (proprietary, MetaTrader or any 3rd party solutions). In addition to not providing information about the Trading Platform technology that they will support, BANYO does not provide information about specific features of their Trading Platform such as speed of order execution, types of charting tools available, mobile compatibility or security protocols.

Trader Conditions

BANYO will not disclose trading funds restrictions (deposit minimums), commissions on certain types of trades, spreads or leverage providers.

Fee Structure

Time and time again, Traders have told me that knowing what their total cost of trading is critical to their investment decision. The fee structure the BANYO uses has not been made available to Traders anywhere publicly so I recommend that if you are considering using BANYO, first determine if their fee structure will meet your trading requirements.

If you want to know what the deposit, withdrawal, commission and any other fees charged by BANYO are before you make a decision on whether or not to use BANYO, please call them.

User Experience & Reputation

User generated reviews and broker reputation have for many years been the primary source of information regarding the legitimacy and quality of services provided by brokers; however, based on my research, BANYO does not appear to have a significant presence on public user forums, websites or Financial Community forums.

A very high level of confidence that you will be satisfied with the quality of customer support or the overall Trading experience with BANYO cannot be established by using user generated reviews or 3rd party ratings because there does not appear to be available there.

If you are seriously considering using BANYO to Trade with in the future, I would strongly advise that you contact them by telephone or email so they can answer your questions directly.

Current Developments

To the best of my knowledge, BANYO has no recent developments, new products, innovations or changes in their strategic direction that have not been made public by Digital Media or other forms of media. The lack of this type of information indicates that BANYO may be difficult to locate when they go to have additional information made available to the public or Digital Media – whether globally or in Japan.

Traders interested in BANYO may find it beneficial to keep up-to-date on official announcements from the Company or to contact them regularly to keep apprised of any forthcoming changes or improvements to their organization.

Conclusion

BANYO is a Japanese broker that has been around for approximately 15-20 years; however, there is very little information available regarding how they operate, where they do business and most importantly their regulatory status. As a consequence, potential Customers seeking to determine whether or not BANYO is a good match for them to use as their broker may experience difficulties in so doing.

The length of time BANYO has been in Business is a positive sign of their stability; however, without any detailed information regarding trading conditions, fee structure, technology or testimonials from other Customers, I would strongly urge potential Customers who are considering using BANYO to do so with caution and thoroughly research BANYO to ensure you have all required information and verify they are compliant with their Regulatory requirements.

Regulation check

Regulatory Licenses

BANYO is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
1
Offshore
1

WIKILIX

Licence intelligence

The strongest of 2 licences on file

Licence Verification Record

Financial Services Agency 近畿財務局長(金商)第29号

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Japan
Authority strength
Tier 1
Licence type
Retail Forex License
Not yet checked on the register

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeFINMAC
  • Maximum leverage1:25

These are the rules FSA sets for the firms it licenses. They are not a statement about how BANYO applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Deposits & withdrawals

Funding Methods

17 ways to fund an account. 15 with no deposit fee. 7 credit instantly.

17 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Credit CardCredit Card
FXTRADING.com supports credit card deposits and withdrawals with limited details
Not recordedNot recordedNot recordedNot recordedNot recordedhour
Bank TransferBank Transfer
CWG Markets covers first 5 monthly withdrawals; $25 bank fee for international transfers under $500; OneRoyal covers deposit fees for bank transfers over $500; Pepperstone passes ~$20 international TT fee to client
FreeUSD 20USD 500Not recordedNot recorded3 days
VisaCredit Card
Pepperstone offers Visa deposits and withdrawals with no fees; CWG Markets manually reviews first deposit with new card
FreeFreeNot recordedNot recordedNot recordedInstant
MastercardCredit Card
Pepperstone offers Mastercard deposits and withdrawals with no fees
FreeFreeNot recordedNot recordedNot recordedInstant
PayPalE-WalletPepperstone offers PayPal deposits and withdrawals with no feesFreeFreeNot recordedNot recordedNot recordedInstant
NetellerE-Wallet1FreeNot recordedNot recordedNot recordedNot recordedhour
SkrillE-Wallet1FreeNot recordedNot recordedNot recordedNot recordedhour
Union PayCredit CardPepperstone supports Union Pay with regional limitsFreeFreeNot recordedNot recordedNot recordedInstant
Apple PayE-Wallet
Pepperstone supports Apple Pay deposits and withdrawals with no fees
FreeFreeNot recordedNot recordedNot recordedInstant
Google PayE-Wallet
Pepperstone supports Google Pay deposits and withdrawals with no fees
FreeFreeNot recordedNot recordedNot recordedInstant
USDTCryptocurrency
Pepperstone supports USDT deposits and withdrawals with regional limits
FreeFreeNot recordedNot recordedNot recordedhour
ZotaPayE-Wallet
Pepperstone supports ZotaPay deposits and withdrawals with regional limits
FreeFreeNot recordedNot recordedNot recordedhour
Wire TransferWire Transfer
OneRoyal restricts profit withdrawals to bank wire or other methods; OANDA charges $20 withdrawal fee
FreeUSD 20Not recordedNot recordedNot recorded7 days
Uphold USD DepositOther2.99% fee waived for USD deposits; daily deposit limits applyFreeNot recordedUSD 10Not recordedNot recordedhour
E-wallets (CWG Markets)E-Wallet
CWG Markets covers first 5 monthly withdrawals; $5 fee after; $25 bank fee for international transfers under $500
FreeNot recordedNot recordedNot recordedNot recordedInstant
ACY Securities MethodsOtherNo specific details on fees or processing timesNot recordedNot recordedNot recordedNot recordedNot recordedhour
AAAFx MethodsOtherBroker does not charge fees but processing fees may applyFreeNot recordedNot recordedNot recordedNot recordedhour

Broker's notes on these methods

  1. OneRoyal imposes 7-business-day hold after deposit; OANDA may charge provider fees; Pepperstone fee-free · applies to 2 methods
Fees, limits and processing times as published by BANYO, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the BANYO brand.

1 entity
  • 播陽証券株式会社ActiveJapanRegistration 6140001060791
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about BANYO

Most Popular Questions
Banyo Securities is licensed to deal with several financial instruments including stocks, funds, forex, bonds, derivatives, and commodities. The licenses cover both market making and retail forex activities.
Clients can contact Banyo Securities via phone at +81 079-223-1010 or email at otoiawase@banyo-sec.co.jp. Live chat support is available during business hours, and the company supports communication in English.
The minimum deposit amount to open an account with Banyo Securities is 10,000 Japanese Yen. The company appears to operate as a traditional Japanese securities firm rather than an online forex/CFD broker with standard retail account types.
Banyo Securities supports various deposit and withdrawal methods such as credit cards, bank transfers, e-wallets like PayPal and Neteller, and wire transfers. Processing times vary from instant to several days, and fees depend on the method and broker partner, with some offering fee-free options.
Banyo Securities Co.,Ltd. is regulated in Japan and holds licenses including the Kinki Finance Bureau Director (Kinsho) No. 29 for Market Making and a Retail Forex License. It is supervised by the Japanese Financial Services Agency (FSA), which is a tier 1 regulator with high transparency and strict fund segregation rules.
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