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Score

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/10

MONEY SQUARE

Japan|5-10 years|
Retail Forex License|Self-developed|High potential risk|

https://www.m2j.co.jp/

Website

Rating Index

Capital Ratio

Capital Ratio

Great

Capital

$ 13,178,295 (USD)

Influence

B

Influence index NO.1

Japan 8.64

Capital Ratio

Capital Ratio

Great

Capital

$ 13,178,295 (USD)
Ranking in Japan: 28 /412
574.0%
很安全

Influence

Influence

B

Influence index NO.1

Japan 8.64

Surpassed 99.44% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+81 03-3470-5050
https://www.m2j.co.jp/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

BI Liquidity Market
XTX Markets
Daiwa Securities
au Kabucom Securities
State Street
Standard Chartered
BNP Paribas
Bank of America
MUFG Bank
BARCLAYS
Citibank, N.A.
HSBC
JP Morgan
Credit Suisse AG
Goldman Sachs
Commerzbank AG
Nomura International plc
Morgan Stanley
UBS AG
Sumitomo Mitsui Banking

Contact number

Japanese

+81 03-3470-5050

Broker Information

More

Company Name

MONEY SQUARE, INC.

Company Abbreviation

MONEY SQUARE

Platform registered country and region

Japan

Number of employees

Company website
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-05-25
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Risk Management

Updated Time 2024-03

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating
  • 2024-03-29
  • Moody's Investors Service,Japan Credit Rating Agency
  • 100.00%

  • >BBB-

  • 2024-02-29
  • Moody's Investors Service,Japan Credit Rating Agency
  • 100.00%

  • >BBB-

  • 2024-01-31
  • Moody's Investors Service,Japan Credit Rating Agency
  • 100.00%

  • >BBB

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MONEY SQUARE · Company Summary

Registered Country/Region Japan
Regulation FSA
Minimum Deposit No minimum initial deposit requirement
Maximum Leverage 1:25
Minimum Spreads 0.1 pips on for USD/JPY
Trading Platform A Proprietary trading platform
Demo Account Yes
Trading Assets 15 currency pairs
Payment Methods Quick deposits and Transfer Payment
Customer Support Phone, Email, Online Chat

General Information & Regulation

MONEY SQUARE, INC. was established in October 2002 as a company mainly engaged in over-the-counter foreign exchange trading. The company is authorized and regulated by the Financial Services Agency of Japan (FSA) under License No. 5010401112058. Also, MONEY SQUARE is authorized and regulated by the Securities Dealers Association of Japan under Financial Instrument Operator No. 2797 of Kanto Finance Bureau Director (Financial Instruments).

Market Instruments

Users can trade 15 currency pairs, generally 1,000 currency units at a time, except for 10,000 units for South Oran/JPY and Mexican Peso/JPY.

Spreads

MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.

Margin & Leverage

If placing an order, individual users must guarantee at least 4% margin (25:1 leverage) on the value of each currency pair traded. However, corporate users have a slightly different margin rate, which is 0.96% for USD/JPY for example.

Open an account

MONEY SQUARE only supports online account opening, if a client needs to apply for both Forex and CFD accounts, then he/she needs to apply separately. In addition, MONEY SQUARE does not charge any account opening fees and account maintenance fees.

Trading Platform

MONEY SQUARE provides clients with access to the world financial markets through Tralipi®, a trading platform developed by the trader itself, which supports both PC and cell phones.

Deposit & Withdrawal

Users can make deposits via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits/withdrawals.

Trading Hours

MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.

Pros & Cons

Pros Cons
FSA-regulated with long establishment Limited currency trading
A series of trading tools Conservative leverage
No transfer fees Only accepting Japanese Yen for depsoits and withdrawals
Competitive spreads Non-MT4/MT5 trading platform
No trading fees applied
No account opening & maintenance fees

Frequently Asked Questions

Does MONEY SQUARE offer leverage?

MONEY SQUARE provides leverage capped at 1:25.

What deposit and withdrawal payment does MONEY SQUARE accept ?

MONEY SQUARE support payment through quick deposit and transfer payments.

Does MONEY SQUARE offer demo accounts ?

No clear information about this part is disclosed.

Does MONEY SQUARE charge a commission?

No, MONEY SQUARE does not charge commissions, only spreads calculated.

What is trading hour set by MONEY SQUARE ?

MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.

User Reviews

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User comment

5

Comments

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Mike434
more than one year
this is. New
2022-12-06 08:35
Reply
0
0
Mike434
more than one year
hello everyone have a great New your market money online use to phone or PC like $200 a day
2022-12-06 08:34
Reply
1
0
Natapat Piriyakarn
more than one year
A Japanese friend of mine recommended this platform to me, so I clicked and had a look, and I felt that I would not want to trade with it because on one hand, it only provides services in Japanese, on the other hand, it does not provide MT4 and MT5 platforms. Perhaps this is an exclusive company for residents of the country.
2022-11-24 15:56
Reply
0
0
FX1023795160
more than one year
This broker offers tight spreads on forex trading, and you can deposit any amount into your account, quiet friendly. However, it does not provide MT4 or MT5 trading platform, which is a big pity, it does provide some proprietary trading software…
2022-11-21 14:28
Reply
0
0
天空之城22171
more than one year
The website is too complicated and informative. I'm dazzled to see it. They seem to only offer trading on currency pairs, as well as demo accounts, and the trading conditions are not bad.
2022-11-17 14:33
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0
0
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