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Shinwa

Item: Shinwa
Rating: 1.54

Japan|5-10 years|

Suspicious Scope of Business|High potential risk|

https://www.shinwabank.co.jp/

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https://www.shinwabank.co.jp/

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No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!

Previous Detection : 2024-11-22

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Shinwa · WikiFX Survey

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Shinwa · Company Summary

Note: Shinwa's official website: https://www.shinwabank.co.jp/ is currently inaccessible normally.

Shinwa Review Summary
Founded	1996
Registered Country/Region	Japan
Regulation	No Regulation
Market Instruments	Forex, CFDs on stocks, indices, commodities, and cryptocurrencies
Demo Account	✅
Leverage	Up to 1:500
EUR/USD Spread	From 0.2 pips
Trading Platforms	Web-based trading platform and mobile trading app
Minimum Deposit	$100
Customer Support	/

Shinwa is an unregulated brokerage company based in Japan. It claims to provide Forex, CFDs on stocks, indices, commodities, and cryptocurrencies with web-based trading platform and mobile trading app.

Pros and Cons

Pros	Cons
Various Trading Instruments	Non-functional Website
Tight Spreads	Lack of Transparency
Popular Payment Methods	No Regulation

Is Shinwa Legit?

Shinwa currently lacks valid regulation. It is not sure whether its domain was registered on Oct 2, 1996. We advise you to choose regulated brokers.

What Can I Trade on Shinwa?

Shinwa claims to offer indices, Forex, commodities, CFDs on stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

Shinwa provides Cent Account, Standard Account, and Pro Account.

Account Type	Minimum Deposit
Cent Account	$100
Standard Account	$2500
Pro Account	$100000

Leverage

Shinwa offers leverage up to 1:500 on forex pairs and up to 1:20 on CFDs on stocks, indices, commodities, and cryptocurrencies. Leverage allows you to trade with a larger position than you would be able to with your own capital. However, it is important to use leverage carefully, as it can amplify your losses as well as your profits.

Spread & Commission

Shinwa's spreads are competitive, starting at 0.2 pips on EUR/USD. The company also charges commissions on some trades. The commission rate varies depending on the instrument and the account type.

Account Type	Spread	Commission
Cent Account	0.2 pips	0.01 per lot
Standard Account	0.2 pips	0.02 per lot
Pro Account	0.1 pips	0.03 per lot