FOREX EXCHANGE Information

FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.

Pros and Cons

Is FOREX EXCHANGE Legit?

Regulated Country/Region
Regulated Authority	FSA
Regulated Entity	FOREX EXCHANGE株式会社
License Type	Retail Forex License
License Number	関東財務局長(金商)第293号
Current Status	Regulated

What Can I Trade on FOREX EXCHANGE?

It can mainly trade 25 currencies.

Account Types

The account opening process is as follows, consisting of four steps. You may refer to:

FOREX EXCHANGE Fees

Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.

Trading Platform

FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.

Deposit and Withdrawal

Withdrawals must be made from the website and can only be made in Japanese yen.

The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.

The money will be remitted to your registered financial institution account within 4 working days.

Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.

Olymptrade Information

Olymptrade is an online trader registered and established in Vanutu in 2014. It supports traders in trading forex and stocks through its own trading platform. In addition, it also supports a minimum spread of 0 and 0 commission. But currently, it is in an unregulated state.

Pros and Cons

Is Olymptrade Legit?

Olymptrade was registered in 2014, but it is currently unregulated.

What Can I Trade on Olymptrade?

Olymptrade supports you in trading forex, with over 100 assets including currency pairs,majors, minors, exotics,crypto and more. In addition, you can also trade stocks.

Account Types

Olymptrade did not provide specific account information. What can be known is that the minimum deposit amount is 10 US dollars or euros. It also supports the opening of demo accounts and Islamic accounts.

Olymprade Fees

Foreign exchange trading supports 0 spread, with commissions starting from 0.6 pips. And there is no commission for opening a stock position for trading.

If no transactions are made in a real account and/or funds are not deposited or withdrawn within 180 days, a monthly idle fee of $10 (or the equivalent account currency) will be charged.

If the account balance is lower than the idle fee, only the available balance will be charged. Accounts with a balance of zero will not be charged any fees.

Trading Platform

Olymprade offers its own trading platform, which can be used on both desktop and mobile devices. In addition, there is a web-based trading platform called PWA.

Deposit and Withdrawal

Deposits can be made using bank cards, cryptocurrencies or electronic payment systems. To withdraw money, you need to press the payment button through your account, select withdrawal, specify the withdrawal amount and confirm the transaction. The minimum withdrawal amount is 10 US dollars or euros.