Global Broker Regulation Inquiry App
WikiFX
kennis2244 
1-2 years
Is SHIMADAI a legit broker?
Broker Issues
Regulation
07-06
United States
WikiFX
Reply
Yes, SHIMADAI Securities is a legitimate broker regulated by the Financial Services Agency (FSA), Japan's main financial regulatory body. This provides a certain level of security and confidence that the broker operates under established financial laws. The FSA requires firms like SHIMADAI to follow regulations on client fund protection and disclosure. However, the lack of information on trading platforms, and the absence of a demo account may be a concern for potential traders. Traders should weigh the pros of regulation with the cons of limited platform functionality and language barriers before deciding to trade with SHIMADAI.
Similar Questions
Is BRIGHT a regulated broker?
Ashraf20
08-28
Is STB Provider regulated?
Nagarjuna
08-12
Would you consider Daman Securities to be a trustworthy and reliable broker for trading purposes?
qirhost
08-04
What are the pros of Ngel Partners?
Eziol
08-09
What drawbacks should I be aware of when using XINHU FUTURES?
Tomas
07-18