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FP Markets , Central Tanshi Broker Comparison

Do you want to know which is the better broker between FP Markets and Central Tanshi ?

In the table below, you can compare the features of FP Markets , Central Tanshi side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
FP Markets
8.87
Regulated
Under guarantee
--
--
15-20 years
ASIC,CYSEC
VISA, Mastercard,International bank wire,NETELLER,Skrill,Neteller
AA
AAA
325.2
140
156
140
1975
1258
1975
C

EURUSD: 1.2

XAUUSD: 0.6

11
-1
11
AAA
7.02 USD/Lot
13.38 USD/Lot
A

Long: -5.89

Short: 2.55

Long: -33.61

Short: 20.44

AA
0.2
18.7
Raw,Standard
70+ FX pairs, metals, indices, commodities
$100 AUD or equivalent
1:500
From 0.0
0.00
--
0.01
--
Central Tanshi
7.97
Regulated
Under guarantee
--
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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FP Markets BrokersRelevant information

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fp-markets, central-tanshi-fx lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fp-markets
FP Markets Basic Information
Registered Country/Area Sydney, Australia
Founded in 2005
Regulation ASIC, CySEC
Minimum Deposit $100
Trading Instruments Forex, Indices, Commodities, Shares, Cryptocurrencies
Trading Platforms MetaTrader 4, MetaTrader 5, Iress
Account Types Standard, Raw, Islamic, Demo
Leverage Up to 1:500
Spreads From 0.0 pips
Commission $3.00 per side per 100k traded (Raw Account only)
Deposit and Withdrawal Methods Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, POLi, FasaPay, China Union Pay, BPay, PayPal
Customer Support 24/7 Live Chat, Email, Phone Support, Knowledge Base, Video Tutorials
Educational Resources Webinars, eBooks, Trading Videos, Trading Tools, Market Analysis, Economic Calendar

Overview of FP Markets

FP Markets is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices, metals, and cryptocurrencies. The company was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). FP Markets provides clients with access to multiple trading platforms including MetaTrader 4, MetaTrader 5, and IRESS. The broker also offers several account types to cater to the needs of different traders, including Standard andRaw, with the minimum deposit to open a standard account starting from $100 AUD or equivalent amount. The standard account is designed for novice traders, while the Raw account is intended for more experienced traders who require tighter spreads and faster execution speeds. In addition, the company offers Islamic accounts, as well as a free demo account for traders to test their strategies in a risk-free environment.

When it comes to trading conditions, FP Markets is known for its competitive spreads and low commissions. The broker also offers high leverage options of up to 500:1 for forex trading. Additionally, the broker offers various 24/7 customer support and rich educational resources such as webinars, trading guides, and video tutorials, which can help both novice and experienced traders to improve their trading skills.

basic-info

Is FP Market Legit or a Scam?

Yes, FP Markets is a regulated broker. They are regulated by two reputable regulatory bodies: the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). ASIC is known for its strict regulations and is considered to be one of the most trusted regulators in the world. CySEC is also a reputable regulator and is responsible for regulating the financial markets in Cyprus, which is an important hub for forex and CFD trading. FP Markets' adherence to these regulatory bodies' rules and regulations ensures its transparency, and fairness in its operations.

regulation
regulation

Pros and Cons of FP Markets

FP Markets has several pros, including its strong regulatory framework, low trading fees, diverse range of financial instruments, and robust trading platforms. The broker also offers various account types to suit the needs of different traders and provides excellent customer support. However, some potential cons of FP Markets include limited live trading account types, high inactivity fees, and the fact that the broker is not available to clients from certain countries.

Pros Cons
Regulated by reputable authorities (ASIC, CySEC) No support for U.S. clients
Wide range of trading instruments Limited live account types
Website easy to navigate Inactivity fee charged on dormant accounts
Low spreads and competitive pricing No social trading platform offered
Generous leverage up to 1:500 Minimum deposit not the friendiest compared to other brokers
Rich educational resources available
Negative balance protection
Multiple trading platforms, MT4, MT5 and Iress
High-quality customer service and support

Market Intruments

FP Markets offers a range of market instruments for traders to choose from, including Forex, indices, commodities, cryptocurrencies, and shares. With Forex, traders can access major currency pairs, as well as minor and exotic currency pairs. For indices, FP Markets offers a selection of popular indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and more. In the commodities market, traders can trade precious metals like gold and silver, as well as oil, natural gas, and other commodities. FP Markets also offers trading in cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, as well as shares from various exchanges, including the NYSE and NASDAQ. Overall, FP Markets provides a diverse range of market instruments for traders to choose from.

market-instruments

Behold, a comparison table of the vast array of market instruments offered by reputable brokers FP Markets, IC Markets, FXTM, and Exness:

Market Instruments FP Markets IC Markets FXTM Exness
Forex 60+ 65+ 60+ 120+
Commodities 15+ 19+ 3+ 10+
Indices 20+ 18+ 11+ 10+
Stocks 10,000+ 120+ 180+ 0
Cryptocurrencies 5+ 10+ 5+ 5+

Account Types

When it comes to FP Markets' account types, there are a few important things to consider. Firstly, it is worth noting that the available account types depend on which trading platform you choose to use. The MT4 and MT5 platforms offer Standard and Raw account types, while the iRESS trading platform offers both Retail and Wholesale/Professional account types.

Let's take a closer look at each account type. The Standard account offers commission-free trading with spreads starting from 1.0 pip, while the Raw account offers commission-based trading with spreads starting from 0.0 pips. The Raw account is designed for traders who require lower spreads and are willing to pay a commission for the privilege.

On the other hand, the iRESS trading platform offers both Retail and Wholesale/Professional account types. The Retail account offers commission-free trading with spreads starting from 0.0 pips, while the Wholesale/Professional account offers commission-based trading with spreads starting from 0.0 pips. The Wholesale/Professional account is designed for traders who require lower spreads and have higher trading volumes, and are therefore able to access deeper liquidity pools.

Each account type has its own minimum deposit requirement, which varies depending on the platform and account type you choose, with Standard and Raw (MT4 & MT5)starting from $100 AUD or equivalent, retail and wholesale account from $1,000. In addition, each account type offers different leverage options, depending on the financial instrument being traded.

account-types
account-types
Pros Cons
Multiple account types to choose from Limited leverage options for certain account types
Low minimum depoist for Standard and Raw account Minimum deposit requirements can be high for some retail and professional account
Ability to trade multiple markets with IRESS platform Some account types may have higher commission fees
Access to multiple trading platforms Limited cryptocurrency trading options
Professional account options for experienced traders Demo accounts only available for a limited time period
High-speed order execution with ECN trading technology Swap-free account options may not be available for all account types

Demo Accounts

FP Markets offers free demo accounts for both the MT4 and MT5 platforms, allowing traders to practice their strategies and familiarize themselves with the platforms before opening a live trading account. The demo accounts provide access to real-time market data, competitive spreads, and a range of trading tools, making it an ideal option for traders of all levels to test their trading skills without risking their capital.

One of the key advantages of FP Markets' demo accounts is that they allow traders to experience the same trading conditions as their live accounts, giving them a realistic view of the market environment. In addition, the demo accounts are unlimited, meaning that traders can practice for as long as they want without any time restrictions.

FP Markets' demo accounts are valid for 30 days. However, if you require an extension, you can contact their customer support team to request it. They may extend the demo account for an additional 30 days.

demo-account
demo-account

Islamic Accounts

FP Markets offers Islamic or swap-free accounts to clients who follow the Muslim faith and cannot receive or pay interest due to religious reasons. These accounts comply with Sharia law and allow traders to hold positions overnight without incurring any rollover fees or interest charges.

FP Markets' Islamic accounts are available for all account types, including the Standard and Raw accounts for MT4 and MT5, as well as the iRESS Trading platform. Traders can open an Islamic account by submitting a request to the FP Markets support team, which will review and approve the application.

How to open an account?

Here is some more detailed information about how to open an account with FP Markets:

To begin the account opening process, prospective clients can go to the FP Markets website and click on the “Open Live” button. They will then be directed to a page where they can choose between opening a live or a demo account.

open-account

After selecting the account type, clients will need to fill out an application form that requires personal and financial information. This includes details such as their full name, email address, phone number, country of residence, and employment status.

open-account

Clients will also need to provide some identification documents, such as a passport or national ID card, as well as proof of address, which could be in the form of a utility bill or bank statement. FP Markets takes security seriously and has a strict verification process to ensure the safety of client funds and information.

Once the application has been submitted and the client's identity and address have been verified, they will receive an email with their login credentials and instructions on how to fund their account. FP Markets offers a variety of payment options, including credit/debit cards, bank transfers, and various e-wallets.

Leverage

The leverage offered by FP Markets for other instruments varies based on the type of instrument and the entity under which it operates. For example, the Australian entity of FP Markets offers a maximum trading leverage of up to 1:500 for forex trading, while the CySEC entity offers a maximum trading leverage of up to 1:30 for forex trading. Besides, for commodities and indices, the maximum leverage available is usually lower than for forex trading.

Please bear in mind that trading with leverage involves a higher degree of risk, and traders should use it wisely and with caution. It is always advisable to understand the risks involved and have a sound risk management plan in place before using leverage in trading.

Spreads & Commissions (Trading Fees)

FP Markets offers competitive spreads and commissions for its traders. The spreads for forex trading start from as low as 0.0 pips, depending on the type of account and trading platform. The Raw account, which is available on both the MT4 and MT5 trading platforms, charges a commission of $3 per side per lot traded, while the Standard account has no commission but slightly wider spreads.

For trading CFDs on indices, FP Markets charges a commission starting from $10 per lot, while the spreads start from 0.5 points. The commission and spreads for other instruments, such as commodities, shares, and cryptocurrencies, vary depending on the specific instrument and trading platform.

FP Markets offers an Active Traders program that provides discounted trading fees for high-volume traders. Traders who meet certain trading volume requirements can receive rebates on their commissions and reduced spreads.

spread-commission
spread-commission
spread-commission
spread-commission

We've gathered data on EUR/USD, XAU/USD, Brent Crude Oil, and Bitcoin (BTC/USD) from top-notch brokers, including FP Markets, IC Markets, FXTM, and Exness, so you can make an informed decision on where to place your trades.

Broker EUR/USD Spreads XAU/USD Spreads Brent Crude Oil Spreads Bitcoin Spreads
FP Markets 0 15 3 18.66
IC Markets 0 20 3 60
FXTM 1.3 20 3 130
Exness 0.9 17 2 80

Non-Trading Fees

In addition to trading fees, FP Markets also charges non-trading fees that traders should be aware of before opening an account. The broker charges an inactivity fee of AUD 10 per month on accounts that have been inactive for more than six consecutive months. FP Markets also charges a withdrawal fee of AUD 20 for withdrawals made via bank transfer, while withdrawals made via credit/debit card or e-wallets are free of charge.

Moreover, FP Markets offers a VPS service to its clients, allowing them to access their trading accounts from anywhere in the world. However, the VPS service is not free and is available at an additional cost of AUD 30 per month. The broker also offers a copy trading service called “MAM/PAMM,” which allows traders to copy the trades of professional traders. This service is also available at an additional cost of 10% performance fee.

Besides, FP Markets also charges swap interest for holding positions overnight. The swap rates can be either positive or negative depending on the currency pair and the direction of trade.

non-trading-fees
non-trading-fees
Pros Cons
No deposit or withdrawal fees for most methods. Inactivity fee charged after 6 months of inactivity.
No account administration fees. Some payment methods may incur fees charged by third-party providers.
No fees charged for Islamic accounts. Overnight financing fees (swaps) are charged on positions held overnight.
Low conversion fees for deposits and withdrawals in different currencies.

Trading Platform

FP Markets offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the IRESS platform for advanced traders.

The MT4 platform is well-known for its user-friendly interface and extensive range of analytical tools, making it a popular choice among traders of all levels. The MT5 platform is an upgraded version of MT4, offering additional features such as more timeframes, additional order types, and advanced technical analysis tools.

The IRESS platform is designed for more advanced traders who require direct market access (DMA) and the ability to trade a variety of financial instruments, including stocks, futures, and options, as well as forex and CFDs.

trading-platform
trading-platform
trading-platform

Please note that FP Markets charges fees for using the MT4 and MT5 trading platforms. The fees depend on the account type and trading platform being used. For example, Standard account holders using the MT4 platform are charged zero commissions for various tarding assets, while Raw account holders are charged a commission of $3.5 AUD per lot for forex trades on the same platform. On the MT5 platform, both Standard and Raw account holders are charged a commission of $6 per lot for forex trades. It's important to note that these fees are subject to change and may vary depending on the instrument being traded.

trading-platform
trading-platform
trading-platform

Here is the comprehensive table comparing the top trading platforms offered by FP Markets and other reputable brokers such as IC Markets, Exness, and Avatrade:

Broker Trading Platform Desktop/Mobile/Web Number of Instruments Minimum Deposit
FP Markets MT4, MT5, IRESS Desktop, Mobile 10,000+ $100
IC Markets MT4, MT5, cTrader Desktop, Mobile, Web 300+ $200
Exness MT4, MT5 Desktop, Mobile, Web 150+ $1
Avatrade MT4, MT5, AvaOptions Desktop, Mobile, Web 1000+ $100

Deposit & Withdrawal

Minimum Deposit

FP Markets requires a minimum deposit of $100. This means that you can not open an account with FP Markets unless you deposit at least $100. However, it is important to note that some payment methods may require a higher minimum deposit. For example, if you are using a bank wire transfer, the minimum deposit may be higher than $100 due to processing fees.

The following is a table showing the comparison of the minimum deosit required by FP Markets and other brokers, avatrade, exness, and ic markets:

Broker Minimum Deposit
FP Markets $100
Avatrade $100
Exness $1
IC Markets $200

FP Markets offers a variety of convenient deposit and withdrawal methods to ensure that clients can easily fund and withdraw their accounts. Clients can deposit funds using credit/debit cards, bank wire transfers, electronic wallets such as Neteller, Skrill, POLi, and FasaPay. FP Markets does not charge any deposit fees, and the processing time for deposits is usually instant or up to 1 business day, depending on the deposit method.

payment-methods
payment-methods

Withdrawal

For withdrawals, clients can use the same methods they used for depositing, and FP Markets does not charge any fees for most withdrawal methods. Withdrawal processing times vary depending on the method used, with electronic wallets usually taking up to 24 hours, while bank transfers can take 3-5 business days. Clients are advised to verify their accounts before making a withdrawal to avoid any delays or complications in the withdrawal process. Additionally, FP Markets offers free internal transfers between accounts, making it easy for clients to manage their funds across multiple trading accounts.

payment-methods
Pros Cons
Fast processing times for deposits and withdrawals Limited payment options compared to other brokers
No fees for most deposit and withdrawal methods High withdrawal fees for bank transfers
Multiple currency options for account funding No support for some popular payment methods
Availability of convenient payment methods

Customer Support

FP Markets offers a range of customer support options to its clients, including email, phone, live chat, and an online contact form. The broker also provides access to a range of educational resources and tools, including a knowledge base, video tutorials, webinars, and trading guides. Additionally, FP Markets offers multilingual support in several languages, including English, Chinese, Spanish, and Portuguese.

In addition, FP Markets has an extensive FAQ section on their website that covers a wide range of topics and can help clients find answers to their questions quickly. 24/7 customer support is a significant advantage for clients who may need assistance outside of regular business hours.

customer-support
customer-support
Pros Cons
24/7 customer support availability Limited language support for customer service
Multiple customer support channels (phone, email, live chat) No dedicated account manager for clients
Fast response times to customer inquiries and requests No in-person support or local offices in some countries
Extensive knowledge base and educational resources Limited social media presence for customer support

Educational Resources

FP Markets offers a wide range of educational resources to help traders improve their knowledge and skills in trading. These resources include video tutorials, webinars, trading guides, and market analysis. The broker also provides a demo account for traders to practice their trading strategies without risking real money. Additionally, FP Markets has a blog section on its website, which covers various trading topics and market updates.

Overall, the educational resources provided by FP Markets are comprehensive and easily accessible to traders. The broker's commitment to educating its clients is commendable, and it shows that it values the success of its clients. However, some traders may find that resources are not sufficient for their needs, and may require more personalized educational support.

educational-resources
educational-resources
Pros Cons
Comprehensive educational resources Some traders may require more personalized support
Demo account available for practice
Regular webinars and market analysis
Blog section with trading insights

Conclusion

To sum up, FP Markets is a reputable and well-regulated broker that offers a wide range of instruments for traders to choose from, including forex, stocks, commodities, cryptocurrencies, and more. The broker offers multiple account types, including demo, Islamic, and standard accounts, as well as various trading platforms such as MT4, MT5, and iRESS. FP Markets also provides 24/7 customer support and a comprehensive range of educational resources for traders of all levels. While there are some potential drawbacks such as non-trading fees and limited leverage for certain instruments, the overall trading experience with FP Markets is generally positive.

FAQs

  • Q: Does FP Markets offer demo accounts?

    A: Yes, FP Markets offers demo accounts which can be used for practicing trading strategies and familiarizing oneself with the trading platforms.

  • Q: What is the minimum deposit requirement at FP Markets?

    A: The minimum deposit requirement at FP Markets is $100.

  • Q: What instruments can be traded at FP Markets?

    A: FP Markets offers a wide range of instruments including forex, shares, indices, commodities, cryptocurrencies, and more.

  • Q: Does FP Markets offer Islamic accounts?

    A: Yes, FP Markets offers Islamic accounts for clients who require them.

  • Q: What is the maximum leverage available at FP Markets?

    A: The maximum leverage available at FP Markets varies depending on the regulatory jurisdiction. The Australian entity offers up to 1:500 leverage for forex trading, while the CySEC entity offers up to 1:30.

  • Q: What are the trading fees at FP Markets?

    A: FP Markets charges spreads and commissions on trades, with the specific fees varying depending on the trading instrument and account type.

  • Q: What are the deposit and withdrawal options at FP Markets?

    A: FP Markets offers a range of deposit and withdrawal options including bank transfers, credit/debit cards, e-wallets, and more.

  • Q: What kind of customer support is available at FP Markets?

    A: FP Markets offers 24/7 customer support through various channels including live chat, email, and phone.

central-tanshi-fx
Company Name Central Tanshi FX Co., Ltd.
Registered in Tokyo, Japan
Regulation Status Regulated by FSA (Japan)
Years of Establishment March 2002
Trading Instruments 10 currency pairs
Minimum Initial Deposit No minimum requirement
Maximum Leverage Up to 25 times
Minimum Spread Variable, as low as 0.1 pips
Trading Platform Multiple versions for various devices
Deposit and Withdrawal Method Multiple currencies supported, click deposit and transfer deposit
Customer Service Online contact form, no phone support provided

Overview of Central Tanshi

Central Tanshi FX Co., Ltd., headquartered in Tokyo, Japan, has been a key player in the financial services sector since its establishment in March 2002. Specializing in foreign exchange margin trading, the company offers a diverse range of trading services and is regulated by the Financial Services Agency (FSA) of Japan, ensuring strict adherence to financial regulations and consumer protection.

With partnerships encompassing over 20 major financial institutions, Central Tanshi provides traders with access to 10 currency pairs, a maximum leverage of 25 times, and variable spreads tailored to different time periods. Offering multiple trading platforms and flexible deposit methods, it aims to cater to the diverse needs of traders in the dynamic world of foreign exchange.

Overview of Central Tanshi

Is Central Tanshi Legit or a Scam?

Central Tanshi is a legitimate financial services company. It is regulated by Japan's Financial Services Agency (FSA), a reputable regulatory body known for its stringent standards. The FSA ensures compliance with financial laws and regulations to protect consumer interests.

Central Tanshis regulatory certificate number adds an additional layer of transparency and trust. While I cannot provide real-time or the most up-to-date information, based on the information available, Central Tanshi does not display the characteristics commonly associated with scam operations.

Is Central Tanshi Legit or a Scam?

Pros and Cons

Pros Cons
- Regulated by Japan's FSA - Limited to 10 currency pairs
- Multiple trading platforms available - Lack of detailed customer support info
- No minimum deposit requirement - Absence of educational resources
- Flexible deposit and withdrawal options - Fees for foreign currency withdrawals
- 24/7 trading availability for some instruments

Pros:

  1. Regulated by FSA: Central Tanshi is regulated by Japan's Financial Services Agency (FSA), ensuring adherence to strict financial standards and consumer protection.

  2. Multiple Trading Platforms: The broker offers various trading platforms for different devices, enhancing accessibility and convenience for traders.

  3. No Minimum Deposit: There's no minimum deposit requirement, allowing traders to start with the amount they are comfortable with.

  4. Flexible Deposits & Withdrawals: Central Tanshi supports multiple currencies and offers options for both free click deposits and transfer deposits.

  5. 24/7 Trading: Certain instruments are available for trading 365 days a year, 24 hours a day, providing flexibility for traders.

Cons:

  1. Limited Currency Pairs: The offering is limited to 10 currency pairs, which may restrict diversification for some traders.

  2. Customer Support Information: Details about customer support are not provided, leaving traders uncertain about available assistance.

  3. Lack of Educational Resources: The absence of information regarding educational resources may leave beginner traders without valuable learning materials.

  4. Fees for Withdrawals: Foreign currency withdrawals and certain deposit methods may incur fees, impacting overall costs for traders.

Market Instruments

Central Tanshi primarily focuses on Foreign Exchange Margin Trading Services. Through its online platform, it offers specific products such as “FX Direct Plus” for discretionary trading and “Central Mirror Trader” for automated trading. These offerings allow traders to diversify strategies and take advantage of market volatility.

Account Types

The information provided doesn't give specific details about different account types offered by Central Tanshi. However, given that they offer both discretionary and automated trading options, it is possible that they offer different account types to cater to various trading styles.

How to Open an Account?

To open an account with Central Tanshi, you can follow these 3 steps as outlined on their website at https://www.central-tanshifx.com/:

Step 1: Application

  • Go to the Central Tanshi website and fill in your name and address in the application form.

  • Review the documents you'll receive as part of your application.

  • You'll get an email confirming your application.

Open an Account

Step 2: Submit Documents

  • In the email, you'll find two options for submitting identity documents:

    • Easy Verification with Smartphone: Open the link on your phone, follow the instructions, and take a photo of your ID.

    • Upload Verification: Open the link on your PC or smartphone and upload your ID photos as instructed.

Step 3: Account Confirmation

  • If you used the smartphone method, once Central Tanshi reviews your documents, they'll send you an email with your user ID and password. You can start trading the same day.

  • If you chose the upload method, they'll send your user ID and password by registered mail to your address.

  • Log in to your account and complete additional information, like your My Number.

Keep in mind that Central Tanshi may approve or decline your account based on their review.

Leverage

Central Tanshi offers a maximum leverage of 25 times. This allows traders to control larger positions with a smaller initial investment, potentially amplifying gains. However, higher leverage also increases the risk of significant losses. Clients should be aware that using leverage might increase the volatility of their portfolio, and they should have a comprehensive understanding of the risk associated with leveraged trading.

Spreads & Commissions

The company operates with variable spreads that depend on the time of day. During certain hours, spreads can be as low as 0.1 pips for USD/JPY and as high as 16.0 pips for GBP/JPY during other periods. This flexibility allows traders to strategize their trades based on market timing. However, it's crucial to note that wider spreads could eat into profits and make some strategies less viable. No information is available regarding commissions, so traders would need to inquire directly about any additional costs.

Currency Pair Spread During 4:00 pm to Early Morning Spread During Other Periods
USD/JPY 0.1 pips 0.2 to 10.0 pips
EUR/JPY 0.4 pips 0.4 to 10.0 pips
GBP/JPY 0.8 pips 0.8 to 16.0 pips
EUR/USD 0.3 pips 0.3 to 10.0 pips
GBP/USD 0.6 pips 0.6 to 16.0 pips

Trading Platform

Central Tanshi provides a versatile trading environment through four different versions of their trading platform: smartphone, PC, iPad, and feature phone. The PC version comes with three additional options, including fast chart Trade Plus and a network trading system. Such diversity in trading platforms ensures that traders can execute orders and manage their accounts from multiple devices, offering flexibility and convenience.

Trading Platform

Deposit & Withdrawal

Central Tanshi supports multiple deposit currencies, including Japanese Yen, US Dollar, and more. Deposits can be made via click deposit (free of charge) or transfer deposit (fees borne by the customer). Withdrawals in Japanese Yen are free, but withdrawals in foreign currencies are partly charged. This offers flexibility in currency and funding methods but can incur some costs, especially for foreign clients.

Deposit & Withdrawal

Customer Support

Central Tanshi Co., Ltd. strictly limits its contact options to an online contact form and does not entertain inquiries via phone. It is important to note that Central Tanshi Co., Ltd. operates as a separate entity, and consequently, it does not accept inquiries regarding the company through any means other than the provided online contact form. This approach reflects the company's chosen communication method and should be adhered to for any queries or concerns related to their services or operations.

Customer Support

Educational Resources

Central Tanshi offers an extensive range of educational resources to empower traders. These resources encompass a comprehensive market view, informative columns, and educational videos and seminars to enhance traders' knowledge and skills. Access to the latest market information, exchange rates, and currency charts facilitates informed decision-making. Additionally, tools like the swap calendar, economic indicators, settlement date calendar, and FX holiday schedule provide valuable insights into market dynamics.

Furthermore, Central Tanshi equips traders with in-depth market analysis, historical price movements, correlation coefficients for currency pairs, monthly average growth and decline rates, Chicago IMM currency futures position trends, and the historical performance of major economic indicators, policy interest rates, and GDP figures. These educational tools empower traders with the knowledge and data necessary to make informed trading decisions.

Educational Resources

Conclusion

In conclusion, Central Tanshi emerges as a regulated and accessible option for foreign exchange margin trading, offering multiple trading platforms, flexible deposit methods, and a 24/7 trading window for select instruments. However, its limited currency pair selection, lack of detailed customer support information, absence of educational resources, and potential fees for foreign currency withdrawals may impact the overall trading experience. As with any financial decision, prospective traders should carefully assess their individual requirements and preferences before choosing to open an account with Central Tanshi, ensuring it aligns with their specific trading needs and objectives.

FAQs

Q: What regulatory body oversees Central Tanshi?

A: Central Tanshi is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with rigorous financial standards.

Q: What is the maximum leverage offered by Central Tanshi?

A: Central Tanshi provides a maximum leverage of 25 times, allowing traders to control larger positions with a smaller initial investment.

Q: Can I trade on Central Tanshi's platform 24/7?

A: Yes, Central Tanshi offers 24/7 trading availability for certain instruments, providing flexibility for traders across different time zones.

Q: Are there any fees for depositing funds into my Central Tanshi account?

A: Central Tanshi offers free click deposits; however, fees may apply for transfer deposits, depending on the chosen method.

Q: How many currency pairs can I trade on Central Tanshi?

A: Central Tanshi offers a total of 10 currency pairs, including both yen currency pairs and cross currency pairs.

Q: Does Central Tanshi provide educational resources for traders?

A: While Central Tanshi offers a wide range of market analysis tools, there is no mention of specific educational resources for traders.

Q: What support options are available if I have questions or issues with my account?

A: Central Tanshi primarily relies on an online contact form for inquiries and does not provide phone support, limiting the available communication channels for traders.

Are the transaction costs and expenses of fp-markets, central-tanshi-fx lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fp-markets and central-tanshi-fx are, we first considered common fees for standard accounts. On fp-markets, the average spread for the EUR/USD currency pair is From 0.0 pips, while on central-tanshi-fx the spread is --.

Which broker between fp-markets, central-tanshi-fx is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fp-markets is regulated by ASIC,CYSEC. central-tanshi-fx is regulated by FSA.

Which broker between fp-markets, central-tanshi-fx provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fp-markets provides trading platform including Raw,Standard and trading variety including 70+ FX pairs, metals, indices, commodities. central-tanshi-fx provides trading platform including -- and trading variety including --.

Looking for more references? The following are other comparisons related to fp-markets, central-tanshi-fx:

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