Global Broker Regulation Inquiry App
WikiFX
Rojas 
1-2 years
Are there any disadvantages to trading with Banyo?
Broker Issues
Regulation
06-11
United States
WikiFX
Reply
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.
Similar Questions
Considering both reviews and your assessment, how legitimate do you believe PGM is?
Sanjay sirohi
08-20
Is MY MAA MARKETS legit for me to trade with?
Razzie87
06-25
How does MITSUI ensure its compliance with financial regulations?
ritzyshona
08-01
What are the pros of Fiper?
Ahmed Harb
08-03
Is MTFE safe and legit to trade with?
Five8
08-22