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Score

7.96 /10
Good

FX PRIME by GMO

Regulated in Japan

Retail Forex License

Medium potential risk

Perfect
B

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Score

License Index 7.83
Business Index 8.73
Risk Management Index 8.90
Software Index 7.05
Regulatory Index 7.81
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Licenses

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

Single Core

1G

40G

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Regulatory disclosure

Warning

JP FFAJ
2021-06-01

Warning

JP FSA
2020-08-19
State Street
Standard Chartered
Credit Suisse AG
MUFG Bank
GMO CLICK Securities
Mizuho Bank
HSBC
Nomura International plc
Morgan Stanley
Bank of America
Goldman Sachs
UBS AG
BARCLAYS
Commerzbank AG
DEUTCHE BANK AG
Citibank, N.A.
JP Morgan

Contact number

Japanese

+81 0570-034-788

Broker Information

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Company Name

FX PRIME by GMO Corporation

Company Abbreviation

FX PRIME by GMO

Platform registered country and region

Japan

Number of employees

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WikiFX Risk Alerts
Previous Detection : 2023-05-31
  • The current information shows that this broker does not have a trading software. Please be aware!

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FX PRIME by GMO · Company summary

General Information & Regulation of FX Prime

FX Prime (company name FX PRIME by GMO Corporation) was established in 2003 and started its “foreign exchange deposit trading” business in December. In 2007, FX Prime completed the registration of its financial instruments business, and in September 2008, it was listed on the Jasdaq Stock Exchange (now the Tokyo Stock Exchange), and in 2012, it launched “Prime Apps,” a trading tool for smartphones. In September 2012, GMO Click Holdings, Inc. (now GMO Financial Holdings, Inc.) acquired the company through a tender offer to become its consolidated subsidiary. In October 2013, the company's name was changed to “FX Prime by GMO Co. ”In 2015, FX Prime's forex options trading “Select FX Options” service was launched, and in January 2020, the company moved its headquarters to Tokyo. FX Prime is currently regulated by the Japan Financial Services Agency and holds a retail forex license authorized and licensed by the Agency. Regulatory number: 3011001049147.

Products & Services of FX Prime

Investors can trade 20 currency pairs on the FX Prime platform, as well as binary options (the amount required to trade varies from ¥50 to ¥999 each, depending on market conditions and the time of purchase).

Minimum Deposit of FX Prime

There is no minimum deposit requirements for forex trading, which means traders can funds their FX Prime accounts any amount they want to start a trading.

Leverage of FX Prime

In terms of trading leverage, FX Prime offers trader the maximum leverage of up to 1:25 for forex trading. Leverge means that traders can use limited account balance to trade with large volume. Please keep in mind that leverage can magnify potential profits, but can also increase traders' risks sometimes.

Spreads of FX Prime

FX Prime offers different spreads between 8:00 AM and 4:00 AM (20 hours) and 4:00 AM and 8:00 AM (4 hours). During the former time period, the USD/JPY spread is 0.3 pips, EUR/JPY 0.6 pips, GBP/JPY 1.1 pips, and AUD/JPY 0.9 pips. During the latter time period, the USD/JPY spread is 6 pips, EUR/JPY 10 pips, GBP/JPY 12 pips, and AUD/JPY 9 pips. More information on spreads can be found on the FX Prime website.

Deposit & Withdrawal of FX Prime

FX Prime offers two types of payment methods: online transfer and money transfer. Online transfers are made through the My Page > Deposit/Withdrawal/Transfer screen and are at the company's expense, with deposits reflected in the account in real-time. Transfer payments must be made through bank counters and ATMs and are at the trader's expense, with deposits waiting for confirmation from the company before being transferred to the account.

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Gemini63599
more than one year
As a regulated forex broker with many years of experience, FXPRIME's trading conditions and execution speed are excellent. Although the design of the website may be a bit too bells and whistles, they are very professional when it comes to trading. In addition, the trading tools and research analysis they provide are also very helpful and a good choice.
2023-03-27 14:56
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