What is INVAST？

Invast Securities Co., Ltd is a leading brokerage company based in Japan. Founded in 1960, it operates as a wholly-owned subsidiary of INVST Co., Ltd, a listed company. Invast Securities offers a wide range of online financial derivative trading services. Their expertise lies in margin FX and OTC CFDs (Contract for Difference), attracting a significant number of users in Japan and boasting a user base of over 400,000 individuals.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

INVAST Alternative Brokers

There are many alternative brokers to INVAST depending on the specific needs and preferences of the trader. Some popular options include:

• Monex Securities - A renowned online brokerage firm offering a wide range of financial services and investment opportunities.

• ACY Securities - A global financial services provider renowned for offering innovative trading solutions, including foreign exchange, contracts for difference (CFDs), and cryptocurrencies.

• ALPHA INTERNATIONAL SECURITIES - A financial servicesthat focuses on internet securities business, investment banking services, including both the bond capital market (DCM) and equity capital market (ECM).

Is INVAST Safe or Scam？

INVAST is regulated by the Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, INVAST appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Business Scopes

The business scope of INVAST includes providing online financial derivative trading services for margin FX and OTC CFDs (Contract for Difference). They offer trading platforms for individuals and institutional clients to engage in speculative trading of various financial products, including foreign exchange (FX) and contracts for difference (CFDs).

INVAST facilitates buying and selling these financial instruments over electronic platforms, allowing traders to speculate on price movements without owning the underlying assets. They provide access to global markets, leverage trading options, risk management tools, and various trading strategies to meet the needs of their clients.

FX Spreads

Invast Securities offers low spreads, USD/JPY 0.3 pips, GBP/JPY 0.1 pips, EURJPY 0.5 pips, AUDJPY 0.6 pips, and EURUSD 0.3 pips. (From 9:00 AM to 5:00 AM the next day Fixed in principle (with exceptions).

Click 365

Click 365“ is a nickname for Forex Margin Trading (FX) handled by the Tokyo Financial Exchange. Exchange FX ”Click 365 is safe because all the deposited funds are deposited and segregated at the Tokyo Financial Exchange. In addition, Exchange FX trades at the rates offered by the exchange and swap points, so fair and favorable rates are delivered. Click 365 handles 25 currency pairs centered on popular currencies such as dollar / yen, euro / yen, and Australian dollar / yen.

Click 365 Transaction Fees

Fees will decrease according to the number of transactions.

Deposits & Withdrawals

• For Deposit:

-Invast Securities provides “immediate deposit service”, and you can transfer (deposit) in near real time 24 hours a day, and you can deposit at night and on public holidays.

-The instant deposit service is a deposit via the Internet through “My Page” and “Tri-Auto ETF Trading Tool”. It cannot be done from the counter of a financial institution or ATM. Immediate deposits cannot be made from the companys website or the website of each financial institution. Immediate deposits with corporate accounts are available only at four financial institutions: Rakuten Bank, PayPay Bank, SBI Sumishin Net Bank, and Japan Post Bank.

• For Withdrawal:

To withdraw funds from your INVAST Securities account, you can follow these steps:

1. Log in to your account through the “My page” or trading tool.

2. Navigate to “Deposits and withdrawals” and then select “Withdraw”.

3. Enter the details required, including your withdrawal source trading account, the amount you wish to withdraw, and your withdrawal password. Click “Confirm”.

4. You will receive a verification code to your registered primary email address. Enter this code.

(Note: If you don't have multi-factor authentication enabled, you won't need to enter an authentication code.)

5. Review the withdrawal details and click “Run” to complete the withdrawal process.

It's important to note that INVAST Securities covers the transfer fee for withdrawals. The timing of the transfer will depend on various factors and you can refer to their platform for more specific information.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +81 0120-659-274

Email: fx-info@invast.jp

fx24-info@invast.jp

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and YouTube.

Twitter: https://twitter.com/invast

Facebook: https://www.facebook.com/invastsecurities/

YouTube: https://www.youtube.com/user/INVASTSecurities

Whats more, INVAST provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, INVAST aims to provide transparency and clarity to their clients, helping them make informed decision.

INVASToffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Conclusion

In conclusion, INVAST Securities is a reputable brokerage company based in Japan. The company is authorized and regulated by FSA, a regulatory body in Japan. INVAST Securities specializes in providing online financial derivative trading services for margin FX and OTC CFDs (Contract for Difference).

Overall, INVAST Securities' regulatory framework, extensive experience, and dedication to providing trading services contribute to its status as a trusted brokerage company in Japan.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is xChief ？

xChief (formerly ForexChief) is an online Forex and CFD trading broker that offers multiple assets for trading online via the MetaTrader4/5 platforms. Founded in 2014, its head office is in Vanuatu while other representative offices are in Singapore and Nigeria. xChief Ltd is incorporated in the Republic of Vanuatu. It is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), with offshore regulatory license number 14777.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

xChief has several notable pros and cons. On the positive side, the broker offers a wide range of trading instruments, multiple account types, and user-friendly MetaTrader platforms. They also prioritize the safety of client funds with segregation and negative balance protection. Additionally, their transparent and competitive spreads, along with various deposit and withdrawal options, add to their appeal.

However, it's important to consider the cons, including the fact that xChief is unregulated, which may raise concerns about investor protection. The reports of withdrawal issues and slippage should also be taken into account.

xChief Alternative Brokers

There are many alternative broker s to xChief depending on the specific needs and preferences of the trader. Some popular options include:

• TigerWit - offers innovative trading technology and social trading features, making it a suitable choice for traders looking for a unique trading experience.

• Trading - provides a comprehensive range of trading instruments, competitive pricing, and reliable trading platforms, making it a recommended choice for traders of all levels.

• TrioMarkets - offers a wide selection of trading instruments, advanced trading tools, and strong customer support, making it a recommended broker for traders seeking a professional trading environment.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is xChief Safe or Scam？

xChief's unregulated status and offshore regulatory license from the Vanuatu Financial Services Commission (VFSC, License No. 14777) raise concerns regarding the level of protection and oversight offered to clients. While the broker claims to provide negative balance protection and segregation of client funds, the absence of regulation by reputable financial authorities may increase the risk associated with trading with xChief. Traders should exercise caution and carefully evaluate the broker's reputation, trading conditions, and client feedback before deciding to invest with them.

Market Instruments

xChief provides a diverse range of over 150 trading instruments, enabling traders to access various financial markets. The broker offers a wide selection of Forex currency pairs, allowing traders to engage in currency trading across major, minor, and exotic pairs. Additionally, xChief offers trading opportunities in precious metals like gold and silver, which are popular for their perceived value and safe-haven status. Traders can also explore the commodities market, including energies like crude oil and natural gas, as well as agricultural products like wheat and corn.

Furthermore, xChief provides access to a range of global stock indices, enabling traders to speculate on the performance of leading stock markets worldwide. Lastly, the broker offers exposure to the rapidly growing cryptocurrency market, allowing traders to trade popular digital currencies such as Bitcoin, Ethereum, and Litecoin. With this extensive selection of trading instruments, xChief aims to cater to the diverse needs and preferences of traders.

Accounts

xChief offers a variety of trading accounts to suit the needs of different traders. The MT4/5.DirectFX and MT4/5.Classic+ accounts are designed for standard trading, providing access to a wide range of trading instruments. These accounts have a minimum deposit requirement of $10, making them accessible to traders with different budget sizes.

For those interested in PAMM (Percentage Allocation Management Module) trading, xChief offers pamm-MT4/5.DirectFX and pamm-MT4/5.Classic+ accounts, which allow investors to allocate their funds to experienced traders for potential profits.

Additionally, xChief provides cent-MT4/5.DirectFX and cent-MT4/5.Classic+ accounts for traders who prefer to trade with smaller volumes, as these accounts are denominated in cents instead of dollars.

Demo accounts are available for traders to practice their strategies and familiarize themselves with the trading platform without risking real money. xChief also offers Islamic/Swap-free accounts for clients who follow Islamic principles and wish to trade without incurring interest charges. With this wide range of account types, xChief aims to cater to the diverse preferences and trading styles of its clients.

Leverage

xChief offers leverage of up to 1:1000, which provides traders with the opportunity to amplify their trading positions and potentially increase their profit potential. With high leverage, traders can control larger positions with a smaller amount of capital, allowing for greater flexibility and potential returns. However, it's important to note that while leverage can enhance profits, it also magnifies losses, so proper risk management is crucial when trading with high leverage.

Spreads & Commissions

xChief offers competitive spreads and commissions to its traders. The spread for DirectFX accounts is floating from 0 pips, which means traders can benefit from tight spreads on their trades. For Classic+ accounts, the spread is floating from 0.3 pips, still providing traders with favorable trading conditions. It's important to note that spreads may vary depending on market conditions and the specific trading instrument.

As for commissions, xChief provides detailed information on its website. Commissions are charged based on the account type and vary accordingly. More deails can be founded in the table below.

By offering competitive spreads and transparent commission structures, xChief aims to provide its clients with cost-effective trading solutions and enhance their overall trading experience.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that the information provided is based on the available data and may be subject to change. It is always recommended to verify the current spread and commission rates with the respective brokers before making any trading decisions.

Trading Platforms

xChief offers a wide range of trading platforms to cater to the diverse needs of its clients. One of the primary platforms provided is MetaTrader 5 (MT5), a powerful and advanced trading platform known for its comprehensive features and flexibility. Traders can access MT5 through various versions, including MT5 for Android, MT5 for iPhone and iPad, and MT5 WebTerminal, allowing them to trade on the go from their mobile devices or through a web browser.

Additionally, xChief also offers MetaTrader 4 (MT4), a popular and widely used platform known for its user-friendly interface and extensive charting capabilities. Traders can access MT4 through MT4 for Android, MT4 for iPhone and iPad, and take advantage of its features to execute trades efficiently. Moreover, xChief provides its own xChief App, offering a convenient and intuitive trading experience for clients.

With these robust and versatile trading platforms, xChief aims to empower traders with the necessary tools and technologies to make informed trading decisions and execute trades effectively.

See the trading platform comparison table below:

Copy Trading

xChief offers a copy trading feature, which allows traders to automatically replicate the trades of experienced and successful traders in real-time. With copy trading, traders can benefit from the expertise of seasoned professionals without the need for extensive market knowledge or analysis. xChief's copy trading platform enables users to browse through a selection of skilled traders, evaluate their performance metrics, and choose to copy their trades with a simple click.

This feature is particularly beneficial for novice traders who can learn from experienced traders and potentially achieve similar trading results. It also saves time and effort as traders can rely on the expertise of others while still having control over their trading activities. xChief's copy trading feature provides a convenient and efficient way for traders to access profitable trading strategies and potentially enhance their trading performance.

Deposits & Withdrawals

In terms of deposit and withdrawal, like many good brokers, xChief provides a detailed form with important information about payment options, transfer currencies, fees, and transfer time. The feasible payment methods are Bank Wire Transfer, Local Transfer Solutions, Credit/Debit cards, and Electronic Payments including Skrill, Neteller, Advanced Cash, Perfect Money, and FasaPay.

The minimum deposit requirement is set at a competitive $10, allowing traders with different budgets to access the platform. The acceptable currencies include USD, EUR, GBP, CHF, and JPY, providing flexibility for traders from different regions.

xChief minimum deposit vs other brokers

While Credit/Debit card deposits incur a 2% fee, Perfect Money deposits have a fee of 1.99%, and other deposit methods are fee-free. The processing times for deposits vary, with Bank Wire Transfer taking 1-2 business days, Local Transfer Solutions being processed within 24 hours, and Credit/Debit cards and Electronic Payments being instant.

Withdrawals from xChief generally take up to 1 business day, and withdrawal fees depend on the chosen method. Clients are encouraged to refer to the provided screenshot for specific information.

Customer Service

xChief is committed to providing excellent customer service to its clients. Traders have access to multiple channels to reach out for support, including live chat, phone, and email. The availability of live chat ensures quick and real-time assistance, while phone support offers the convenience of direct communication. Additionally, clients can utilize email support for more detailed inquiries or requests. The broker values transparency and provides its company address openly, which adds to the trustworthiness of their operations.

Traders can also find answers to common questions through the readily available FAQs section, which offers self-help resources. Furthermore, xChief maintains a strong presence on various social networks such as Telegram, Twitter, Facebook, and Instagram. By following the broker on these platforms, traders can stay updated with the latest news, market insights, promotions, and engage with the xChief community.

With their comprehensive customer service options and active social media presence, xChief aims to ensure that clients receive the necessary support and stay well-informed throughout their trading journey.

Note: These pros and cons are subjective and may vary depending on the individual's experience with xChief's customer service.

User Exposure on WikiFX

On our website, you can see that some reports of unable to withdraw and severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

In conclusion, xChief offers a diverse range of trading instruments, competitive spreads, and multiple account types to cater to different trading preferences. They prioritize the safety of client funds through segregation and negative balance protection. The availability of popular MetaTrader platforms enhances the trading experience.

Frequently Asked Questions (FAQs)