Broker Summary
Summary of the broker
The company Shikoku is a licensed financial broker based in Japan with its headquarters and principal location in Matsuyama City, Ehime Prefecture. The company is registered with the Financial Services Agency (FSA) of Japan and provides various types of investment instruments to meet the needs of investors, such as Investment Trusts (i.e., investment funds), stocks, bonds, forex trading, and commodities.
Shikoku has over 20 years of operational history with no indications of issues relating to the legality of its licence or to the integrity of the products it offers.
The company does not offer any customer support options apart from its main telephone number and does not currently support the use of the Metatrader 4 and 5 (MT4 and MT5) platforms. The only product categories offered by Shikoku that permit dispersion of risk across a wider range of tradable instruments are Investment Trusts and Bonds.
Although Shikoku currently does not have a demo account available, it does not appear to be limited by its prices. It offers the following pricing tiers for its investor products: Domestic Stock Brokerage; Domestic Convertible Bond Brokerage; Foreign Stock Brokerage (0.1980% - 11%); Securities Deposits (JPY 550 - 11,000); and Bank Transfers (JPY 0 - 4,000).
The following information about deposit and withdrawal of funds with Shikoku illustrates the overall service experience offered to potential customers, including the number of days it takes to deposit funds, as well as the additional costs associated with both deposits and withdrawals.
Deposits
Minimum Amount: JPY 0 - 4,000
Processor Time: 24 hours or less
Withdrawals: None
Conclusion:
In conclusion, Shikoku appears to be a regulated Japanese brokerage firm that is legitimate and credible by virtue of its long-established history (over 20 years) operating within Japan's regulated environment of the FSA. Therefore, it can be said that Shikoku has a good reputation and the capability to provide traditional investment services.
Because Shikoku does not offer a demo account, does not support modern trading platforms (MT4 and MT5), and has higher than average trading fees, Shikoku is not recommended for active online traders or international clients. However, it does provide excellent traditional investment services, and therefore, can be a good option for those seeking investment services in Japan.
Regulatory Licenses
Compliance & oversight
FSATier 3Regulated
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
Bank Transfer
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with Shikoku: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark Shikoku at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
Shikoku Alliance Securities Co.,Ltd.
Registration
5500001016700
Established
N/A
Comments
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