Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

OANDA Japan

Japan|5-10 years|
Suspicious Regulatory License|High potential risk|

https://www.oanda.jp

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Japan 9.32

Surpassed 98.79% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

0120-923-213
https://www.oanda.jp

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Japanese

0120-923-213

Broker Information

More

Company Name

OANDA Japan Co., Ltd.

Company Abbreviation

OANDA Japan

Platform registered country and region

Japan

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The JapanFSA regulation (license number: 関東財務局長(金商)第2137号) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed OANDA Japan also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

LonghornFX

7.59
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

OANDA Japan · Company Summary

OANDA Japan Review Summary
Registered Country/Region Japan
Regulation FSA (Suspicious Clone)
Market Instruments Forex, stocks indices CFDs, commodities CFDs
Demo Account Available
Trading Platforms MT4, MT5, API, TradingView, OANDA Fx Trade
Minimum Deposit 10,000 yen
Customer Support Telephone, online messaging

What is OANDA Japan?

OANDA Japan offers a diverse range of market instruments, including forex, stocks indices CFDs, and commodities CFDs. With a minimum deposit requirement of 10,000 yen, OANDA Japan provides a user-friendly trading experience through various platforms such as MT4, MT5, API, TradingView, and OANDA Fx Trade. They also offer a demo account for users to practice their trading strategies. Though OANDA Japan implements robust security measures, their license FSA is suspected to be clone.

OANDA Japan‘s homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Multiple trading platforms
  • FSA (Suspicious Clone)
  • Demo account
  • Minimum deposit requirement
  • Fraud protection measures provided
  • Reports of issues
  • Limited communication channels

Pros:

- Multiple Trading Platforms: OANDA Japan offers multiple trading platforms, including MT4, MT5, API, TradingView, and OANDA Fx Trade, giving traders the flexibility to choose their preferred platform.

- Demo Account: OANDA Japan provides a demo account option, allowing users to practice trading strategies and get familiar with the platform without risking real money.

- Fraud Protection Measures: OANDA Japan claims to have implemented fraud protection measures, such as encrypting customer accounts and transaction information using SSL 128-bit, to prevent information leakage and unauthorized access.

Cons:

- FSA (Suspicious Clone): The license FSA is suspected to be clone, which means that there are doubts or suspicions regarding its authenticity or legitimacy. In the context of brokerage firms, a clone license refers to a fraudulent or counterfeit license that is created to deceive individuals or misrepresent the regulatory status of a company.

- Minimum Deposit Requirement: OANDA Japan requires a minimum deposit of 10,000 yen, which may be relatively high for some traders, especially beginners or those with limited funds.

- Reports of Issues: There have been reports of issues with OANDA Japan, including difficulties with account withdrawals and potential scams. It is important to be aware of these reports and consider them as part of your decision-making process.

- Limited Communication Channels: According to the information provided, OANDA Japan has limited communication channels, specifically mentioning telephone and online messaging as the primary means of customer support. This might be a drawback for traders who prefer more immediate or direct communication options.

Is OANDA Japan Safe or Scam?

OANDA Japan claims to have protection measures in place, such as encrypting customer accounts and transaction information using SSL 128-bit to prevent information leakage. They also strive to prevent unauthorized access and computer virus infection. They have a system management company that operates with a 24-hour monitoring system and has backup systems to ensure service continuity in the event of equipment or line failures.

Security Measures

OANDA Japan is currently suspected to be a clone of another broker and does not have valid regulation or oversight from government or financial authorities. The Financial Services Agency (FSA) (License Type: Retail Forex License, No: 関東財務局長(金商)第2137号) claimed by this broker is suspected to be clone. Investing with them carries risks, as there may be no one to hold them accountable for any fraudulent actions. They could potentially disappear without notice, taking your funds with them.

suspicious clone FSA license

Market Instruments

OANDA Japan offers a range of trading instruments for its clients.

- Forex: OANDA Japan allows trading in the foreign exchange market, providing access to numerous currency pairs. This includes major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.

- Stocks Indices CFDs: OANDA Japan offers Contracts for Difference (CFDs) on various stock indices. These indices represent a basket of stocks from a specific region or country, allowing traders to speculate on the overall performance of the stock market. Examples of indices that may be available include the S&P 500, Nikkei 225, and FTSE 100.

- Commodity CFDs: OANDA Japan also offers CFDs on commodities. This allows traders to speculate on the price movements of commodities without owning the physical asset. Commonly traded commodities include gold, silver, oil, natural gas, and agricultural products.

Account Types

OANDA Japan offers a range of trading accounts to suit different trading needs.

- OANDA Securities Account for FX: This account is designed for trading foreign exchange (FX) instruments. You can create sub-accounts within this account to trade different currency pairs, and you have the flexibility to choose the trading platform (MT4 or MT5) and trading conditions that suit your needs.

- OANDA Securities Account for CFDs: This account is specifically for trading Contracts for Difference (CFDs). You can create sub-accounts within this account to trade stock indices or commodity CFDs. Similar to the FX account, you can choose between the MT4 or MT5 trading platforms.

Additionally, OANDA Japan provides different server options, such as the Tokyo server or NY server, depending on your geographical location and preferences.

OANDA Japan also offers demo accounts. Demo accounts allow traders to practice trading using virtual funds in a simulated market environment. This is a great way to gain experience and familiarize yourself with the platform before trading with real funds.

For more detailed information about the specific features and conditions of each account type, you can visit the OANDA Japan website or contact their customer support for accurate and up-to-date information.

Account Types

How to Open an Account?

To open an account with OANDA Japan, please follow these steps:

Step
1 Go to the OANDA Japan website.
2 Click on the “Open an Account” button or link.
3 Fill in the required information, including your email address.
4 Submit the form.
5 Check your email for a message from OANDA Japan.
6 Click on the link provided in the email to access the registration form.
How to Open an Account?

Trading Platforms

OANDA Japan provides its clients with a range of trading platforms to suit different trading styles and preferences.

  • OANDA FxTrade:

This is OANDA's proprietary trading platform, designed to offer a user-friendly and intuitive trading experience. It provides access to a wide range of financial instruments, including forex, CFDs, and commodities. FxTrade is web-based, meaning you can access it from any web browser without needing to download or install additional software. The platform offers advanced charting tools, risk management features, and real-time market data.

OANDA FxTrade
  • MetaTrader 4 (MT4):

OANDA Japan also supports the popular MetaTrader 4 platform, which is widely used by traders worldwide. MT4 is known for its comprehensive functionality, including advanced charting tools, automated trading capabilities through Expert Advisors (EAs), and a wide range of technical indicators. It allows traders to execute trades in forex, as well as CFDs and other financial instruments. MT4 is available in both desktop and mobile versions, enabling traders to access the markets on-the-go.

  • MetaTrader 5 (MT5):

OANDA Japan also offers the MetaTrader 5 platform, which is an upgraded version of MT4. MT5 builds upon the features of MT4 and offers a more sophisticated trading environment. It includes advanced technical analysis tools, enhanced charting capabilities, and improved order execution. MT5 is also available on desktop and mobile devices, allowing traders to trade across various markets and instruments.

MetaTrader 5 (MT5)
  • API:

For traders who prefer custom solutions and automated trading strategies, OANDA Japan provides an Application Programming Interface (API). This allows traders to build their own trading systems or integrate third-party platforms with OANDA's infrastructure. The API provides access to real-time market data, order placement, and account management functionalities.

  • TradingView:

OANDA Japan also offers integration with TradingView, a popular cloud-based charting and social trading platform. TradingView provides advanced charting tools, a wide range of technical indicators, and the ability to share and discover trading ideas within a community of traders. With OANDA's integration, clients can execute trades directly from the TradingView platform.

Deposits & Withdrawals

For Deposits:

OANDA Japan offers two payment methods for deposits: direct deposit and regular deposit.

Direct deposit is a convenient and free method that allows for immediate reflection of the deposit on the transaction screen. It can be used 24 hours a day and can be accessed through internet banking at seven banks: MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Rakuten Bank, PayPay Bank, Japan Post Bank, and SBI Sumishin Net Bank. However, please note that direct deposits must be 10,000 yen or more.

On the other hand, regular deposits are a transfer method that can be made from financial institutions or ATMs nationwide. The transfer fee will be borne by the customer. Normally, deposits can be made to MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and Japan Post Bank. The account information for the bank to deposit money from can be found in the documents provided when opening the account or on the screen after logging in.

For Withdrawals:

For withdrawals, you can initiate the process by logging into your account and selecting “Withdrawal Request” in the My Page section. If the withdrawal procedure is completed by 11 a.m. on weekdays, it usually takes until 3 p.m. on the same day for the withdrawal to be processed, except during Christmas and New Year holidays. The withdrawal fees will be covered by OANDA Japan. It's important to note that, according to OANDA Japan's transaction manual, withdrawals are generally processed within 3 business days.

Withdrawals can be made once a day, and if you wish to change the withdrawal amount, you will need to cancel the initial withdrawal request and submit a new request for the desired amount. The minimum withdrawal request amount at one time is 10,000 yen or more, excluding full withdrawals.

Deposits & Withdrawals

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: 0120-923-213

Whats more, OANDA Japan provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information.

FAQ

OANDA Japan offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Contact Form

Conclusion

OANDA Japan is a brokerage firm that offers a range of products and services for traders. Some of its major products include multiple trading platforms. It also provides customized account solutions and a demo account for practice trading.

While OANDA Japan claims to have implemented fraud protection measures, there have been reports of issues and its FSA license is suspicious clone. These reports should not be ignored and should be taken into account when assessing the overall safety and reliability of the broker.

Frequently Asked Questions (FAQs)

Q 1: Is OANDA Japan regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at OANDA Japan?
A 2: You can contact via phone: 0120-923-213 and online messaging.
Q 3: Does OANDA Japan offer demo accounts?
A 3: Yes.
Q 4: What platform does OANDA Japan offer?
A 4: It offers MT4, MT5, API, TradingView, OANDA Fx Trade.
Q 5: What is the minimum deposit for OANDA Japan?
A 5: The minimum initial deposit to open an account is 10,000 yen.
Q 6: What services and products OANDA Japan provides?
A 6: It provides forex, stocks indices CFDs, commodities CFDs.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility fo r the use of the information provided in this review rests solely with the reader.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

狂吃不胖没办法
more than one year
I want to warn my fellow traders about OANDA Japan - it's a complete scam. The platform is not regulated at all, and they'll do whatever it takes to get you to deposit money. They don't care about your hard-earned money and will steal it without a second thought. It's heartbreaking to see so many people fall for their traps. Stay away from OANDA Japan if you want to avoid being robbed of your sweat and tears.
2023-03-29 10:09
Reply
0
0
FX1359209191
more than one year
They are a real fraud company I have screenshots of it, chats and all also from the pending date and everything about my conversation with them. You can see many traders have been cheated by this broker, so stay away!
2023-03-10 17:51
Reply
0
0
3
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com