Score
Japan
|
15-20 years
| http://www.banyo-sec.co.jp/index.php
Website
Rating Index
Influence
D
Influence index NO.1
Japan 2.76
LicensesLicensed Entity：播陽証券株式会社
License No. 近畿財務局長（ 金商）第29号
Single Core
1G
40G
1M*ADSL
Japan
VIP is not activated.
| Banyo Review Summary | |
| Founded | 1962 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Market Instruments | Stocks, Bonds, Exchange Traded Funds (ETFs), and Mutual Funds |
| Demo Account | Not Mentioned |
| Min Deposit | JYP 10,000 |
Banyo, established in 1962, offers many assets to trade including Stocks, Bonds, ETFs, and Mutual Funds, with the regulation of the Financial Services Agency (FSA). However, account information is limited.
| Pros | Cons |
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Banyo has a Retail Forex License regulated by the Financial Services Agency (FSA) in Japan with a license number of 近畿財務局長（金商）第29号.
Banyo offers many assets to trade, mainly including Stocks, Bonds, Exchange Traded Funds (ETFs), and Mutual Funds.
| Tradable Instruments | Supported |
| Stock | ✔ |
| Bond | ✔ |
| ETFs | ✔ |
| Mutual Funds | ✔ |
| Cryptocurrency | ❌ |
| Shares | ❌ |
| Metals | ❌ |
Banyo charges fees for account application, asset custody, redemption, and other miscellaneous services. You can refer to the table for details.
| Fee Category | Description | Amount | Notes |
| Application Fee | Fee for opening a new account | Up to 3.85% of the net asset value (NAV) | Depends on the number of units, amount, or value of the application |
| Custody Fee | Fee for holding the assets | Up to 2.20% per annum of the NAV | |
| Redemption Fee | Fee for redeeming units | Up to 0.5% of the NAV on the redemption date | |
| Other Fees | Audit fees, trading commissions for securities, custody fees for assets held overseas, etc. | Varies depending on the product | Fees may change depending on the holding period |
Banyo's minimum deposit is JYP 10,000. The specific fees for deposit and withdrawal are not provided.
Banyo’s regulation by the Financial Services Agency (FSA) ensures that it follows Japan’s financial laws, offering a high level of security and investor protection. This regulation is a significant factor highlighted in various Banyo reviews, making it a reliable option for trading in Japan. Traders can feel assured that Banyo is subject to regular audits and compliance checks. However, traders should also verify the broker’s other operational details, like fees and product offerings, before committing to the platform.
Banyo’s fees vary depending on the product. For example, the application fee can be up to 3.85% of the NAV, while custody fees are charged annually at up to 2.20%. Redemption fees are up to 0.5% of the NAV. As stated in a Banyo review, these fees can differ based on the type of asset you are trading, so it’s important to confirm the specific fees for each product before engaging in Banyo trading. Understanding these fees is key to managing your trading costs effectively.
While Banyo offers the advantage of being a regulated broker under the FSA, there are some downsides to consider. The high minimum deposit of JPY 10,000 might be a barrier for beginner traders or those with smaller budgets. Moreover, Banyo’s lack of detailed transparency on fees and account types may cause concerns about hidden costs, which are often highlighted in Banyo reviews. These factors should be kept in mind before deciding to log into your Banyo account and start trading.
Although Banyo is regulated by the FSA, there are still risks involved. As seen in several Banyo reviews, the broker lacks full transparency regarding certain fees and account types. This lack of clarity can potentially result in hidden costs or misinterpretations, leading to unexpected charges for traders. It is also important to note that the broker’s services are primarily focused on the Japanese market, which could limit options for international traders.
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