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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Gaika ex byGMO

Japan|15-20 years|
Regulated in Japan|Retail Forex License|Self-developed|Suspicious Scope of Business|High potential risk|

https://www.gaikaex.com/

Website

Rating Index

Capital Ratio

Capital Ratio

Perfect

Capital

$ 3,798,450 (USD)

Influence

C

Influence index NO.1

United States 3.00
The WikiFX Score of this broker is reduced because of too many complaints!

Capital Ratio

Capital Ratio

Perfect

Capital

$ 3,798,450 (USD)
Ranking in Japan: 14 /408
848.6%
非常好

Influence

Influence

C

Influence index NO.1

United States 3.00

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+81 0120-724-277
https://www.gaikaex.com/
〒150-0043 東京都渋谷区道玄坂1-2-3渋谷フクラス
https://twitter.com/Gaikaex_byGMO

Licenses

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

Single Core

1G

40G

Open Now
Mizuho Trust & Banking
FX Clearing Trust
SMBC

Contact number

Japanese

+81 0120-724-277

Broker Information

More

Company Name

Gaika ex byGMO, Inc

Company Abbreviation

Gaika ex byGMO

Platform registered country and region

Japan

Number of employees

Company website
Twitter
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-29
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Risk Management

Updated Time 2024-02

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating
  • 2023-09-29
  • Rating and Investment Information Center,Standard & Poor'sGlobal Ratings
  • 97.51%

  • >BBB-

  • 2023-08-31
  • Rating and Investment Information Center,Standard & Poor'sGlobal Ratings
  • 97.00%

  • >BBB-

  • 2023-07-31
  • Rating and Investment Information Center,Standard & Poor'sGlobal Ratings
  • 96.93%

  • >BBB-

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Expose

Gaika ex byGMO · Company Summary

Registered Country/Region Japan
Regulation FSA
Minimum Deposit N/A
Maximum Leverage 1:25
Minimum Spreads 0.2 pips on the EUR/USD pair
Trading Platform Properitary trading platform
Trading Assets Foreign Exchange, Investment Trust
Payment Methods Quick Transfer and Transfer Deposit.
Customer Support Phone, Email

General Information & Regulation

YJFX! is a Yahoo Group company, launched in 2003, headquartered in Tokyo. YJFX! holds a retail foreign exchange license issued by the Financial Services Agency of Japan (regulatory certificate number: 1011001041056). YJFX Inc announced a planned name change, which is set to become effective on September 27, 2021. YJFX changed its name to Gaika ex by GMO (Foreign Currency ex by GMO Co., Ltd )

Market Instruments

Gaika ex by GMO provides investors with financial instruments such as foreign exchange currency pairs and investment trusts, while information on other financial instruments is not fully disclosed.

Minimum Deposit

The minimum deposit part remains not fully disclosed on forex trading and other products trading. Investors should ask Gaika ex by GMO in advance before starting with this broker.

How to open an account with Gaika ex by GMO ?

There are four easy and straightforward steps leading you to opening an account and start trading with Gaika ex by GMO:

Step one: Fill in the account opening form

Step 2: Submit identify verification documents and documents with My number.

To apply, you will need to submit “personal identification documents” and “documents with My Number”. Please submit the “identify verifcation documents” via the web or email, and submit the “documents containning your number” from the designated My number web upload screen.

Step 3: Notification of login information. This broker will email you the login information required for trading.

Step 4: Start trading. You can make a transaction by transferring funds to its designated deposit account or depositing funds by quick deposit.

Leverage

Accoding to Japanese laws, the maximum trading leverage ratio avilable for forex trading is up to 1:25. Investors are advised to use leverage with caution, for leverage can magnify potential profits but also increase risk to a large extent.

Spreads & Commissions

Spreads vary depending on specific time. For example, during the 9:00 AM to next morning 03:00 AM, spread on EUR/JPY from 0.2 pips, EUR/JPY 0.5 pips, EUR/USD 0.4 pips, AUD/JPY 0.7 pips, while outside the period, EUR/JPY spread turn 4.0 pips, EUR/JPY 6.0 pips, EUR/USD 4.0 pips, AUD/JPY 6.0 pips. Still, YJFX requires no commissions for forex trading.

Trading Platforms

Gaika ex by GMO offers a forex trading tool application equipped with a full range of ordering features, including one-click ordering, which allows clients to place orders with a single click while checking market prices and account status in real-time.

Deposit and Withdrawal

Gaika ex by GMO supports two types of payment methods, namely Quick Transfer and Transfer Deposit. Quick Deposit is an online deposit service that can be used 24 hours a day if the customer has an Internet bank account with one of the company's affiliated financial institutions. Regarding transfer deposits (in Japanese yen/foreign currency), the transfer fee for each financial institution is borne by the customer, while the quick transfer (in Japanese yen only) is free of charge. For customer withdrawals, the fee is free for Japanese yen and 1,500 yen per withdrawal for foreign currencies.

Customer Support

Clients with any inquiries or questions can visit the FAQ section of Gaika ex by GMO first where they can find basic and general answers direct to their trading process. If they need staff services, they can contact this broker through telephone, email.

Pros & Cons

Pros Cons
FSA-regulated No clear minimum deposit information
Forex trading Available Conservative leverage capped at 1:25
Competitive forex spreads Swap fees charged
A series of trading tools
Demo account available

Frequently Asked Questions

Can anyone open an account ?

Basically, anyone can open an account as long as they meet the criteria set by this broker.

How long does it take to withdraw?

In the case of real-time withdrawal (withdrawal request amount is within 3 million yen

Withdrawal requests received between 8:50 and 14:30 (on-time) on bank business days are, in principle, immediately withdrawn.

Withdrawal requests received outside of bank business hours and bank holidays such as weekends and holidays will be processed in principle after 8:50 on the next bussiness day.

In the case of normal withdrawal (withdrawal amount request amount is over 3 million yen)

Withdrawal requests received by 24:00 will be withdrawn sequentially from the morning of the next bank business day, in principle.

When will the swap points be reflected ?

Swap points are granted by crossing the New York close (=rollover) while holding a position, and are sequentially reflected in the total assets.

What is the difference between leverage course and effective leverage ?

The leverage course represents the maximum number of times the customer's assets deposited in currency pairs tradable.

Effective leverage represents the real operational leverage, and by dividing the position evaluation value by the effective margin amount, it is possible to calculate how many times it shows whether you are trading with.

News

WIKIFX REPORT: YJFX to change name after acquisition by GMO

NewsWIKIFX REPORT: YJFX to change name after acquisition by GMO

2022-07-29 13:45

Japanese Forex broker YJFX Inc today announced a planned name change, which is set to become effective on September 27, 2021. The broker will change its name to Gaika ex by GMO (“Foreign Currency ex by GMO Co., Ltd.”)

WikiFX
2022-07-29 13:45
News
WIKIFX REPORT: YJFX to change name after acquisition by GMO

User Reviews

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User comment

3

Comments

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FX1037936792
more than one year
At first, I planned to trade with Gaika, because I found that the spread is very low and the leverage is only 1:25. I think the low leverage is due to their stricter regulatory agencies. But after reading about it on wikifx, I'm glad I didn't invest my money, otherwise I would have been scammed already!
2022-11-24 14:26
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0
0
FX1023795160
more than one year
Definitely a fraud platform! They ate my hard-earned money, I have no nowhere to turn to. Evil platform, saying their spreads are tight, but high slippage can make you easily lose all your money. Even you made a profit, they would denied it.
2022-11-21 12:11
Reply
0
0
.89644
more than one year
Easy to deposit to this broker but it is **** hard to extract your money from them!the withdrawal threshold is too high, up to 3 million yen!cant believe my eyes!on my gosh!!
2022-11-17 12:21
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0
0
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