https://www.m2j.co.jp/
Website
Capital Ratio
Perfect
Capital
Influence
B
Influence index NO.1
Capital Ratio
Perfect
Capital
Influence
B
Influence index NO.1
Single Core
1G
40G
Warning
+81 03-3470-5050
More
MONEY SQUARE, INC.
MONEY SQUARE
Japan
Number of employees
Pyramid scheme complaint
Expose
A Visit to MONEY SQUARE in Japan -- Finding No Office
The investigators went to Tokyo, Japan to visit the dealer MONEY SQUARE as planned. No logo or other information of the dealer was found on its publicly displayed business address. The dealer’s business address office does not exist. Investors are requested to choose the dealer carefully.
A Visit to MONEY SQUARE in Japan -- Finding No Office
The investigators went to Tokyo, Japan to visit the dealer MONEY SQUARE as planned. No logo or other information of the dealer was found on its publicly displayed business address. The dealer’s business address office does not exist. Investors are requested to choose the dealer carefully.
Capital
Higher than 94% Japanese brokers $13,178,295(USD)
100.00%
>BBB-
100.00%
>BBB-
100.00%
>BBB-
Registered Country/Region | Japan |
Regulation | FSA |
Minimum Deposit | No minimum initial deposit requirement |
Maximum Leverage | 1:25 |
Minimum Spreads | 0.1 pips on for USD/JPY |
Trading Platform | A Proprietary trading platform |
Demo Account | Yes |
Trading Assets | 15 currency pairs |
Payment Methods | Quick deposits and Transfer Payment |
Customer Support | Phone, Email, Online Chat |
General Information & Regulation
MONEY SQUARE, INC. was established in October 2002 as a company mainly engaged in over-the-counter foreign exchange trading. The company is authorized and regulated by the Financial Services Agency of Japan (FSA) under License No. 5010401112058. Also, MONEY SQUARE is authorized and regulated by the Securities Dealers Association of Japan under Financial Instrument Operator No. 2797 of Kanto Finance Bureau Director (Financial Instruments).
Market Instruments
Users can trade 15 currency pairs, generally 1,000 currency units at a time, except for 10,000 units for South Oran/JPY and Mexican Peso/JPY.
Spreads
MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.
Margin & Leverage
If placing an order, individual users must guarantee at least 4% margin (25:1 leverage) on the value of each currency pair traded. However, corporate users have a slightly different margin rate, which is 0.96% for USD/JPY for example.
Open an account
MONEY SQUARE only supports online account opening, if a client needs to apply for both Forex and CFD accounts, then he/she needs to apply separately. In addition, MONEY SQUARE does not charge any account opening fees and account maintenance fees.
Trading Platform
MONEY SQUARE provides clients with access to the world financial markets through Tralipi®, a trading platform developed by the trader itself, which supports both PC and cell phones.
Deposit & Withdrawal
Users can make deposits via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits/withdrawals.
Trading Hours
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
Pros & Cons
Pros | Cons |
FSA-regulated with long establishment | Limited currency trading |
A series of trading tools | Conservative leverage |
No transfer fees | Only accepting Japanese Yen for depsoits and withdrawals |
Competitive spreads | Non-MT4/MT5 trading platform |
No trading fees applied | |
No account opening & maintenance fees |
Frequently Asked Questions
Does MONEY SQUARE offer leverage?
MONEY SQUARE provides leverage capped at 1:25.
What deposit and withdrawal payment does MONEY SQUARE accept ?
MONEY SQUARE support payment through quick deposit and transfer payments.
Does MONEY SQUARE offer demo accounts ?
No clear information about this part is disclosed.
Does MONEY SQUARE charge a commission?
No, MONEY SQUARE does not charge commissions, only spreads calculated.
What is trading hour set by MONEY SQUARE ?
MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.
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