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MITO

Japan|15-20 years|
Regulated in Japan|Retail Forex License|Medium potential risk|

https://www.mito.co.jp/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

Japan 7.86

Surpassed 98.76% brokers

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Contact

+81 03-3273-0310
https://www.mito.co.jp/
〒103-0027 東京都中央区日本橋2-3-10 日本橋丸善東急ビル7F

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Contact number

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+81 03-3273-0310

Broker Information

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Company Name

MITO SECURITIES CO.,LTD.

Company Abbreviation

MITO

Platform registered country and region

Japan

Company website

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Previous Detection : 2024-03-02
  • The current information shows that this broker does not have a trading software. Please be aware!

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MITO · Company Summary

Aspect Information
Company Name MITO
Registered Country/Area Japan
Founded Year 2005
Regulation FSA
Minimum Deposit from 0 yen
Fees Stock:0.3300% to 1.2650%,bond:0.1650% to 1.1000%
Commissions From 1100 yen to 6600yen
Trading Platforms MT4
Tradable Assets Forex, stocks,commodities,convertibale bonds
Account Types Personal account,joint account
Demo Account Available
Customer Support Phone:0120120273
Deposit & Withdrawal Financial institution,MITO card,Bank transfer,credit/debit card

Overview of MITO

MITO, a Japan-based financial services company established in 2005, operates under the regulation of the Financial Services Agency (FSA). The company offers a broad range of trading options, including Forex, stocks, commodities, and convertible bonds, catering to various investor preferences.

Notably, MITO allows clients to start trading with a minimum deposit of 0 yen, making it highly accessible. The fee structure for stock trades ranges from 0.3300% to 1.2650%, and for bonds, it varies from 0.1650% to 1.1000%, while commissions range between 1100 yen to 6600 yen.

Trading is facilitated through the widely-used MT4 platform, and both personal and joint account types are available. Additionally, MITO offers a demo account for practice and learning. Customer support can be contacted via phone at 0120120273.

The company supports various deposit and withdrawal methods, including transactions through financial institutions, the MITO card, bank transfers, and credit/debit cards, thus providing clients with flexibility and convenience in managing their funds.

Overview of MITO

Is MITO Legit or a Scam?

MITO, operating under the name Mito Securities Co., Ltd., is regulated by the Financial Services Agency (FSA) in Japan with a Retail Forex License. Its license, effective from September 30, 2007, is numbered No.181.

The company's regulatory status is exclusive, as indicated by the “No Sharing” license type. MITO's official address is in Bunkyo Ward, Tokyo, Japan. For direct communication, the company can be reached at the phone number 0367390310.

This regulatory framework ensures that MITO adheres to the stringent financial standards set by the Japanese authorities, providing a secure and regulated environment for its trading activities.

Is MITO Legit or a Scam?

Pros and Cons

Pros:

  1. Diverse Trading Options:MITO offers a wide range of tradable assets, including Forex, stocks, commodities, and convertible bonds, catering to a variety of trading interests and strategies.

  2. Regulated by FSA:Being regulated by Japan's Financial Services Agency adds credibility and ensures adherence to strict regulatory standards, providing a layer of security for investors.

  3. Accessibility with No Minimum Deposit:The option to start trading with a minimum deposit of 0 yen makes it highly accessible for all levels of traders, including beginners.

  4. MT4 Trading Platform:MITO uses the popular and user-friendly MT4 platform, known for its advanced trading tools and functionalities.

  5. Demo Account Availability:The provision of a demo account is a significant advantage for new traders to practice and get accustomed to trading without financial risk.

Cons:

  1. Varied Fee and Commission Structure:The fee structure for stocks and bonds, along with the commission range, might be complicated for some traders to understand and calculate their potential costs.

  2. Limited Global Reach:Primarily operating in Japan and under Japanese regulation, MITO might not appeal as much to international traders seeking global market exposure.

  3. Potential Language Barrier:The company's primary operation in Japan might pose language barriers for non-Japanese speaking clients.

  4. Limited Information on Educational Resources:There's no explicit mention of educational resources or support for traders, which can be a drawback for those seeking to learn and improve their trading skills.

  5. Lack of Detailed Company Information:The absence of details like the email address and website of the licensed institution may concern clients seeking comprehensive information about the company.

Pros Cons
Diverse Trading Options Varied Fee and Commission Structure
Regulated by FSA Limited Global Reach
Accessibility with No Minimum Deposit Potential Language Barrier
MT4 Trading Platform imited Information on Educational Resources
Demo Account Availability Lack of Detailed Company Information

Market Instruments

MITO offers a comprehensive range of market instruments, providing traders with opportunities to diversify their investment portfolios across various asset classes:

  1. Forex (Foreign Exchange):

    1. MITO enables traders to participate in the forex market, allowing them to trade in a wide array of currency pairs. This includes the major, minor, and possibly exotic currency pairs, offering an opportunity to benefit from the fluctuations in the global currency markets.

  2. Stocks:

    1. Traders with MITO can invest in the stock market, gaining access to a variety of companies across different sectors and regions. This provides a chance to invest in equity markets, from large-cap to potentially small-cap stocks, catering to different investment strategies.

  3. Commodities:

    1. The platform allows trading in commodities, which may include both hard commodities like metals and energy, as well as soft commodities like agricultural products. This offers traders a way to hedge against inflation or market volatility and diversify their portfolios.

  4. Convertible Bonds:

    1. MITO also offers trading in convertible bonds, which are a type of bond that can be converted into a predetermined number of shares of the issuing company. This unique instrument combines features of both bonds and stocks, providing a blend of fixed-income security and potential equity upside.

By providing such a varied range of market instruments, MITO caters to the diverse needs and preferences of traders, enabling them to engage in different markets from currencies and stocks to commodities and unique bond options.

Market Instruments

Account Types

MITO offers two primary types of accounts to cater to different client profiles and their trading needs:

  1. Personal Account:

    1. The personal account is designed for individual traders. It allows a single user to manage their own investments and trading activities. This type of account is ideal for retail traders who are looking to trade independently, managing their own portfolios and making decisions based on their individual trading strategies and risk tolerance.

  2. Joint Account:

    1. The joint account is suitable for multiple users, such as couples, business partners, or groups of investors who wish to manage their trading activities collectively. In a joint account, trading and investment decisions are typically made jointly by all account holders, and it offers a way for groups to pool their resources and share the benefits and risks of trading.

Both account types are designed to provide flexibility and cater to the unique needs of individual and joint investors, offering a range of trading opportunities available through MITO's platform.

How to Open an Account?

Opening an account with MITO can be summarized in four straightforward steps:

  1. Visit MITO's Official Website:

    1. Begin by navigating to the official MITO website. This is the primary source for account opening information and will guide you through the registration process.

  2. Choose Your Account Type:

    1. Select the type of account you wish to open, whether it's a personal account for individual trading or a joint account for trading with partners or family members.

  3. Complete the Registration Form:

    1. Fill out the online registration form available on the MITO website. This will typically require providing personal details, financial information, and possibly uploading necessary identification documents for verification purposes.

  4. Fund Your Account and Start Trading:

    1. Once your account is verified and approved, you can proceed to fund it using one of the accepted methods like bank transfer or credit/debit card. After funding your account, you'll be ready to start trading on the MITO platform using the provided tools and resources.

How to Open an Account?

Spreads & Commissions

MITO has a structured fee and commission schedule tailored to different types of trading activities. For stock trading, the fees range from 0.3300% to 1.2650%. This variable rate depends on the type of stocks being traded and possibly the volume or value of the transaction.

Such a fee structure allows traders to have a clear understanding of the potential costs associated with their stock trading activities, although it requires attention to the specific fee applicable to each trade.

In addition to stock trading fees, MITO charges for bond trading at rates varying from 0.1650% to 1.1000%. These fees are reflective of the type and value of bonds traded. Moreover, MITO has a commission structure that ranges from 1100 yen to 6600 yen.

This commission is likely tied to the size and frequency of trades, offering a scalable cost depending on the trader's activity level. Understanding this fee and commission structure is essential for traders to effectively manage their trading costs and optimize their investment strategies within the MITO platform.

Spreads & Commissions
Spreads & Commissions

Trading Platform

MITO provides its trading services through the MetaTrader 4 (MT4) platform, a widely recognized and popular trading platform known for its robust features and user-friendly interface. MT4 is renowned for its advanced charting tools, automated trading capabilities through Expert Advisors (EAs), and a vast array of technical indicators and graphical objects.

This platform caters to both novice and experienced traders, offering a comprehensive suite of tools for thorough market analysis, efficient trade execution, and effective risk management. Its versatility makes it suitable for trading a wide range of instruments offered by MITO, including Forex, stocks, commodities, and convertible bonds.

The use of MT4 underscores MITO's commitment to providing a reliable and technologically advanced trading environment for its clients.

Trading Platform

Deposit & Withdrawal

MITO offers a range of deposit and withdrawal options to facilitate easy and efficient financial transactions for its clients. These methods are designed to meet the diverse needs and preferences of traders, ensuring both convenience and security in managing funds:

Deposit Methods:

  1. Financial Institution: Clients can deposit funds through various financial institutions, ensuring secure and reliable transactions.

  2. MITO Card: The MITO card offers a unique and convenient way for clients to make direct deposits into their trading accounts.

  3. Bank Transfer: This traditional method allows clients to transfer funds directly from their bank accounts to their MITO trading accounts.

  4. Credit/Debit Card: Deposits can also be made using major credit and debit cards, providing a quick and efficient way to fund accounts.

Withdrawal Methods:

Withdrawals at MITO are typically processed through the same methods as deposits, ensuring a streamlined and consistent financial experience for clients. This includes withdrawals via financial institutions, the MITO card, bank transfers, and credit/debit cards.

It's important for clients to be aware of any processing times, limits, or potential fees associated with these transactions, as these can vary depending on the chosen method and any applicable regulatory requirements.

By offering a variety of deposit and withdrawal methods, MITO caters to the convenience and diverse needs of its clients, facilitating smooth and hassle-free financial transactions.

Deposit & Withdrawal

Customer Support

MITO offers comprehensive customer support through various dedicated channels, each tailored to specific client inquiries and needs.

For general transactions and inquiries by phone, including ordering and confirming shares or inquiring about stock prices, clients can reach out to the operator at the Multicall number: 0120-310-273. However, it's important to note that this service does not cover deposits and withdrawals, which are handled at the sales office.

For customer inquiries related to documents, fund wrap, or other concerns, clients can use the Customer Inquiry Dial at 0120-813-315. MITO also provides specialized support for specific areas; for NISA-related inquiries, clients can dial 0120-887-310, and for questions regarding My Number, the dedicated number is 0120-310-078.

Additionally, for assistance with Internet trading and the Multinet service, the toll-free number is 0120-031-003. This diverse range of contact options underscores MITO's commitment to addressing various customer needs and providing targeted support for different aspects of their services.

Customer Support

Conclusion

In conclusion, MITO is a well-established financial services company in Japan, offering a broad range of trading options including Forex, stocks, commodities, and convertible bonds.

Regulated by the Financial Services Agency (FSA) and with a flexible minimum deposit starting from 0 yen, MITO caters to a wide spectrum of traders. The firm utilizes the popular MT4 platform, accommodating both individual and joint account holders, and provides a demo account for practice.

A notable aspect of MITO is its diverse range of customer support options, addressing various aspects of trading and client inquiries. Additionally, the company offers multiple methods for deposits and withdrawals, ensuring convenience and efficiency in financial transactions.

Overall, MITO's blend of advanced trading technology, comprehensive customer support, and flexible trading options makes it a notable player in the Japanese financial trading market.

FAQs

  1. When was MITO established?

    1. MITO was founded in 2015.

  2. What trading platforms does MITO use?

    1. MITO offers trading services through the MetaTrader 4 (MT4) platform.

  3. What is the minimum deposit required to start trading with MITO?

    1. MITO allows clients to start trading with a minimum deposit of 0 yen.

  4. What types of accounts does MITO offer?

    1. MITO provides personal and joint account options for its clients.

  5. Does MITO offer a demo account?

    1. Yes, MITO offers a demo account for clients to practice trading without financial risk.

  6. How can I contact MITOs customer support?

    1. MITO offers various customer support lines for different inquiries, including a Multicall number for general questions, a dedicated NISA line, and a specific number for internet trading inquiries.

  7. What methods can I use for deposits and withdrawals with MITO?

    1. MITO supports several methods for deposits and withdrawals, including transactions through financial institutions, the MITO card, bank transfers, and credit/debit cards.

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luisa653
0-3months
Ive had really really bad experience with this broker. Customer service is so poor they barely reply to any request. Worst experience, they transferred my money to another wallet that is not mine. Now I am trying to contact their support to know why they used a different wallet other than what I input when i made my withdrawal but nobody is taking my inquiry. I do not recommend this broker at all. This is a scam.
2024-02-19 22:56
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Te Fuir
more than one year
Excellent broker with a great team. The company has quite a few pros to be true: they offer great customer support; all deposits and withdrawals are fast; excellent analysis from the trading team; they sometimes offer extra sessions as well; one of the best brokers in the market; and never any problem faced.
2023-03-15 14:26
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