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    PayPay Securities

    • Japan Japan
    • 5-10 years
    • Regulated in Japan
    • Retail Forex License
    • Non MT4/5 Software
    • Suspicious Scope of Business
    WikiFX Score
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    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    PayPay Securities Co.,Ltd

    Phone of the company

    --

    Customer Service Email Address

    --

    Company address

    --

    Pyramid scheme complaint
    Expose
    WikiFX Risk Alerts 1
    2022.05.28

    Current data shows that this broker is using Non MT4/5 Software

    • Marketing Strategy
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    Delivery Index

    Mkt. Analysis

    Material

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    PayPay Securities

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    Financial Services Agency

    Financial Services Agency (FSA)

    The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.

    • Licensed Institution :

      PayPay証券株式会社

      Effective Date :

      2015-12-17
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      東京都港区六本木6-10-1

      Phone Number of Licensed Institution :

      0364474915
    • Licensed Institution Certified Documents :

      Annex1 Annex2

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    PayPay Securities

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    PayPay Securities
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    PayPay Securities · Company summary

      General Information & Regulation of PayPay Securities

      PayPay Securities was established in 2013 under the name of My Banker and changed its name to One Tap BUY Co., Ltd in 2015 and registered its financial instruments business in December of the same year. In 2017, the Marugoto Japan Stock (Japan ETF) service was launched, and on March 21, the company applied for a “stock” investment service, and on July 24, it began processing individual Japanese stocks. On December 6, the Marugoto US ETF service was launched, and in 2019, the service for CFDs on Japanese stocks was launched, and in 2021, the company name was changed to PayPay Securities Co. PayPay Securities currently holds a retail foreign exchange license from the Japan Financial Services Agency under license number 3010001156746.

      Products & Services

      PayPay Securities offers stock products mainly in U.S. stocks (individual stocks, BDC stocks, and exchange-traded funds) and Japanese stocks (individual stocks, exchange-traded funds, REITs).

      Minimum Deposit of PayPay Securities

      The minimum deposit part is not fully disclosed on the PayPay Securities website. Traders are advised to contact PayPay Securities customer support staff to get it clear.

      Leverage of PayPay Securities

      Still, leverage related information is not mentioned on the PayPay Securities website, So it is unknown whether leverage can be applied for trading on this platform.

      Spreads of PayPay Securities

      According to what accounced on the PayPay Securities, the spread is around 0.5% for forex trading. The exchange rate is set by PayPay Securities as per Forex market trend, 35 Jen added to 1USD when buying and exchange rates substracted when selling.

      Account Opening of PayPay Securities

      To open an account with PayPay Securities, investors (who must be 19 years of age or older) can complete an account opening the application by installing the company's smartphone application (Japanese and U.S. stock app) on their smartphones, which generally takes 2-3 weeks to successfully open an account, and cannot open multiple accounts.

      Fees of PayPay Securities

      Each time a contract is signed, PayPay Securities will charge the investor the amount of the prescribed transaction fees publicly. The price of trading from 9:30-16:00 local time and 23:30-6:00 Japan time (summertime: 22:30-5:00) is the “base price” multiplied by 0.7%. (See PayPay Securities website for details).

      Deposit & withdrawal of PayPay Securities

      Investors can transfer funds directly to their securities trading account with PayPay Securities via bank transfer. In addition to bank transfers, investors who have deposit accounts and savings accounts with financial institutions such as Mizuho Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Bank, Japan Post Bank, and Nantou Bank also settle their purchases of stocks via automatic transfer. Withdrawal requests made before 14:30 on a bank business day are processed the same day, and withdrawals after 14:30 are processed the next day. Withdrawals from the sale of shares are not available immediately and take 3-4 business days to be processed.

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