General Information
Gaitameonline Co., Ltd. was established in 2003 in Chiba Prefecture, Japan, and completed registration of its financial futures trading business application in March 2006, joined the Financial Futures Trading Business Association (Membership No. 1544) in April 2006, and started online forex trading services. In July 2007, its head office was moved to Chuo-ku, Tokyo, and in September, it underwent registration for the financial instruments business. In March 2008, the company changed its name to Gaitameonline Co., Ltd, moved its headquarters to Chiyoda-ku, Tokyo, Japan, and increased its capital to 300 million yen in 2014. In July 2015, Gaitameonline completed its registration for the second category of financial instruments business, and in August, it obtained its foreign exchange margin trading qualification. Gaitameonline is currently regulated by the Japan Financial Services Agency and holds its authorized retail foreign exchange license, regulatory number: 5010001110692.
One of the notable features of GAITameOnline is its range of account types, catering to both individual and corporate customers. Individual traders can open an individual account or opt for the Click 365 account, while businesses and organizations can access corporate accounts. The company also offers a demo account, allowing users to practice trading strategies without risking real money.
With a user-friendly interface and advanced trading platforms like iCycle2Trade™, GAITameOnline enables traders to access powerful tools for automated trading, trend analysis, and market information. The platform also provides various trading tools, including daily reports, economic trend updates, chart analysis, and a market calendar, assisting traders in making well-informed investment decisions.
While GAITameOnline has advantages such as no account maintenance fees and covered withdrawal fees, it is essential to consider potential disadvantages, such as relatively larger spreads and the risks associated with leverage. Traders should exercise caution, understand the risks involved, and implement appropriate risk management strategies while trading with GAITameOnline.
Pros and Cons
GAITameOnline offers both advantages and disadvantages to traders. On the positive side, it is a regulated entity in Japan.The company offers a diverse range of market instruments, including forex, CFDs, precious metals, stock indices, energy commodities, and cryptocurrencies, allowing traders to access various financial markets. Additionally, GAITameOnline provides different account types, catering to individual and corporate customers, and offers a demo account for practice trading. The company's trading platforms, such as iCycle2Trade™, offer user-friendly interfaces and advanced tools for automated trading and market analysis.
However, there are certain drawbacks to consider. GAITameOnline's spreads may be relatively larger compared to some other forex brokers, which could impact the cost of trading. Additionally, the leverage provided by GAITameOnline carries inherent risks, amplifying both potential profits and losses. Traders need to be cautious and have a thorough understanding of leverage and risk management strategies. Overall, while GAITameOnline has its advantages, it is important for traders to carefully evaluate the pros and cons and make informed decisions based on their individual trading needs and risk tolerance.
Is GaitameOnline Legit？
Gaitameonline is a regulated entity in Japan. It holds a retail forex license issued by the Financial Services Agency, with the regulatory number 5010001110692. The licensed institution, 株式会社外為オンライン (Gaitameonline Co., Ltd.), is subject to regulatory oversight and compliance with the relevant financial laws and regulations in Japan. The effective date of the license is September 30, 2007. The company's registered address is located at 1-11-1 Marunouchi, Chiyoda-ku, Tokyo, Japan. You can contact the licensed institution at 0368122222.
Market Instruments
Gaitameonline provides a range of market instruments to facilitate trading activities. These instruments include:
Forex: Gaitameonline specializes in forex trading, offering a wide selection of currency pairs for trading. Users can trade major currency pairs, cross currency pairs, and exotic currency pairs.
CFDs: Gaitameonline also offers Contracts for Difference (CFDs), which allow traders to speculate on the price movements of various financial instruments without owning the underlying assets. CFDs may include indices, commodities, stocks, and more.
Precious Metals: Traders have the opportunity to trade precious metals, such as gold and silver. These instruments enable users to participate in the price movements of these valuable commodities.
Stock Indices: Gaitameonline provides access to major stock indices, allowing traders to speculate on the performance of global stock markets.
Energy Commodities: Users can trade energy commodities like crude oil and natural gas, taking advantage of price fluctuations in these markets.
Cryptocurrencies: Gaitameonline offers trading opportunities in popular cryptocurrencies like Bitcoin, Ethereum, and other digital assets.
These market instruments provide traders with a diverse range of options to participate in various financial markets and capitalize on potential opportunities.
Account Types
Gaitame Online offers various types of accounts for forex trading. Here are the different account types available:
INDIVIDUAL ACCOUNT (Private Customer): This account type is designed for individual traders who want to trade forex online. To open an individual account, you need to fill out an application form. The application process is free of charge. You can apply for an individual account by clicking on the provided link.
CORPORATE ACCOUNT: Gaitame Online also offers accounts for corporate customers. Corporate accounts are suitable for businesses or organizations that want to engage in forex trading. To open a corporate account, you need to submit an application. The application process is free, and you can access the application form by clicking on the provided link.
DEMO ACCOUNT: Gaitame Online provides a free demo account for users who want to practice trading without risking real money. The demo account allows you to simulate forex trading in a virtual environment. To access the demo account, you can click on the provided link for demo account login.
CLICK 365 ACCOUNT: The Click 365 account is a specific type of account offered by Gaitame Online. It is available for both individual customers and corporate customers. The Click 365 account is free to open. Individual customers can apply for a Click 365 account by clicking on the provided link, and corporate customers can access the application form through the respective link.
Pros and Cons
Leverage of Gaitameonline
GaitameOnline provides leverage options for forex trading in accordance with Japanese regulations. The maximum leverage available is 1:25, as stated on their platform. Leverage allows traders to control a larger position in the market with a smaller amount of capital. It can amplify potential profits by multiplying the gains on a trade. However, it is important to note that leverage also carries inherent risks. While it can increase potential profits, it equally magnifies potential losses. The higher the leverage used, the greater the exposure to market fluctuations, which can result in significant gains or losses. Traders should exercise caution and carefully consider their risk tolerance before utilizing leverage in their trading activities. It is advisable to have a thorough understanding of how leverage works and to implement appropriate risk management strategies to mitigate potential risks.
Spreads of Gaitameonline
GaitameOnline provides different spreads for various currency pairs. The spreads refer to the difference between the buying and selling prices of a currency pair. For example, GaitameOnline offers a spread of 1 pip for USDJPY, 2 pips for EURJPY, 4 pips for GBPJPY, 3 pips for AUDJPY, 6 pips for NZDJPY, 5 pips for CADJPY, 2 pips for AUDUSD, 8 pips for EURAUD, and 4 pips for EURGBP. These spreads determine the cost of trading for each currency pair.
It is important to note that larger spreads generally indicate a higher cost of trading. GaitameOnline's spreads may be considered relatively larger compared to some other forex brokers. Traders should take into account the spreads when calculating potential profits or losses in their trades. For more detailed information about spreads and specific currency pairs, traders can visit the GaitameOnline website, where they can find comprehensive information on spreads and other trading conditions.
Fees
GaitameOnline has a transparent fee structure with no account maintenance fees or account opening fees. For withdrawals, the company covers the withdrawal fees, so traders do not have to bear any additional costs. However, when making deposits, traders are responsible for any fees incurred, except when using the “Quick Deposit Service,” which is fee-free.
In terms of transaction fees, for over-the-counter transactions, there are no additional charges for most orders, except for i-cycle orders and cycle 2 transactions, which do incur fees. Similarly, for Click 365, i-cycle orders, cycle 2 transactions, and large items transactions have associated fees. The transaction fees are calculated per 1,000 currency for certain currency pairs such as USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, and others. The fees for these transactions are subject to tax and are priced at 20 yen for i-cycle 2 transactions and cycle 2 trading.
For a comprehensive list of the trading units and fees for each currency pair, traders can refer to the information provided by GaitameOnline on their website.
Pros and Cons
Deposit & Withdrawal
Gaitameonline provides two methods for depositing funds into trading accounts: normal deposit and quick deposit. The normal deposit option involves transferring funds from bank counters and ATMs nationwide to a dedicated deposit account. Each trading account has a specific deposit account associated with it, and traders can find the necessary information on the transaction screen of the trading platform. For the PC version, they can click on “Deposit/withdrawal service menu” and then access “Regular deposit information.” For smartphone apps, they can navigate to “Deposits and withdrawals” and then select “Transfer account information.”
On the other hand, the quick deposit method allows for immediate reflection of funds on the transaction screen. It is available 24 hours a day, excluding maintenance hours and bank maintenance hours. Quick deposit can be made from various banks, including Mitsubishi UFJ Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Rakuten Bank, Sumishin SBI Net Bank, PayPay Bank, Japan Post Bank, Resona Bank, Saitama Resona Bank, Kansai Mirai Bank, AEON Bank, and Seven Bank. Traders can use their internet banking services from these banks to make quick deposits. It's important to note that corporate accounts are compatible with Rakuten Bank, Sumishin SBI Net Bank, Japan Net Bank (PayPay Bank), and Japan Post Bank. Detailed instructions for quick deposit operations can be found in the “Quick Deposit Operation Manual” provided by Gaitameonline.
Regarding withdrawals, traders can follow the following steps:
1. Select “Register withdrawal request” from the “Deposit/withdrawal service” option on the transaction screen.
2. Enter the withdrawal amount in half-width characters in the designated field and click the “Register” button.
3. After confirming the amount, click “Register” to complete the withdrawal request.
4. Finally, click the Close button to finish the process.
As a general rule, Gaitameonline processes withdrawal requests within 2 business days from the date of the request. If the withdrawal is requested by 17:00 on a business day, it will be accepted on the same day. However, if the request is made after 17:00, it will be accepted on the next business day. It's important to note that Gaitameonline's business days are weekdays, excluding holidays such as the Christmas period and the year-end and New Year holidays.
Withdrawal fees are not charged to traders for both over-the-counter transactions and Click 365. Gaitameonline covers all withdrawal fees. However, it's worth mentioning that fees incurred during the deposit process (excluding quick deposits) are the responsibility of the trader.
The minimum withdrawal request registration amount is 5,000 yen or more, except for full withdrawals. Traders need to ensure that the requested withdrawal amount meets or exceeds this minimum requirement.
Pros and Cons
Trading Platforms
GaitameOnline offers a variety of trading platforms that cater to both beginners and advanced users in the forex market. One of the notable platforms is iCycle2Trade™, which is highly regarded for its user-friendly interface and ease of use. This platform allows users to automate their trading by setting predefined rules. By eliminating emotional influence, traders can accumulate small profits consistently. The “Trend” function in iCycle2Trade™ enables the system to automatically identify trends and make trade decisions. Users can choose to let the system handle the buy and sell orders based on the trend or make their own trading decisions.
The iCycle2Trade™ platform makes continuous orders accessible even to those who are new to the concept. Through the “ranking method,” users can easily start with pre-selected orders that have demonstrated high profitability in past simulations.
Pros and Cons
Trading Tools
GaitameOnline offers a variety of trading tools to support traders in making informed investment decisions. They provide quick delivery of market information, including daily reports from Senior Analyst Masakazu Sato, which cover market movements and notable events. They also offer weekly range forecasts and insights from expert bloggers and analysts. The platform provides economic trend updates, chart analysis, a market calendar, practical chart techniques, and information on swap points. These tools aim to assist traders in understanding market dynamics and making well-informed trading decisions. However, it's important to note that the information provided is for reference purposes and not a solicitation for investment. Traders should conduct their own research and make independent investment decisions.
Customer Support
GAITameOnline provides customer support to assist users with their trading needs. Customers can reach their support team through various channels. For phone inquiries, a toll-free number is available: 0120-465-104. The customer support team is available for assistance from 9:00 a.m. to 5:00 p.m. on weekdays, excluding weekends and year-end holidays. Additionally, users can contact support via email at support@gaitameonline.com.
In addition to traditional communication methods, GAITameOnline also engages with customers through social media platforms. They have a presence on Twitter, Facebook, and YouTube, where users can connect with them, receive updates, and access additional resources.
It's important to note that GAITameOnline has specific trading hours for over-the-counter (OTC) trading, which typically run from Monday 7:00 AM to Saturday 6:55 AM (US Standard Time) or Monday 7:00 AM to Saturday 5:55 AM (US Summer Time). Maintenance hours are scheduled during specific time slots on Tuesday to Friday.
Trading Hours
OTC trading hours are Monday 7:00 AM to Saturday 6:55 AM (for US Standard Time), and Monday 7:00 AM to Saturday 5:55 AM (for US Summer Time). Maintenance hours are Tuesday-Friday 6:55 AM-7:05 AM (US Standard Time applies), Tuesday-Friday 5:55 AM -6:05 AM. See the Gaitameonline website for more information on the schedule.
Conclusion
In conclusion, GaitameOnline is a legitimate and regulated forex trading company in Japan, offering a wide range of market instruments and account types for traders. The company provides access to various trading platforms and offers useful trading tools to support informed decision-making. One advantage of GaitameOnline is its transparent fee structure with no account maintenance fees, and it covers withdrawal fees. However, it's important to consider the relatively larger spreads and the inherent risks associated with leverage. Traders should exercise caution and implement risk management strategies. GaitameOnline also provides customer support through multiple channels, ensuring assistance for users.
FAQs
Q: Is GaitameOnline a legitimate company？
A: Yes, GaitameOnline is a legitimate company. It is a regulated entity in Japan and holds a retail forex license issued by the Financial Services Agency.
Q: What market instruments does GaitameOnline provide？
A: GaitameOnline offers a variety of market instruments, including forex, CFDs, precious metals, stock indices, energy commodities, and cryptocurrencies.
Q: What types of accounts does GaitameOnline offer？
A: GaitameOnline offers individual accounts for private customers, corporate accounts for businesses or organizations, demo accounts for practicing trading, and Click 365 accounts for both individual and corporate customers.
Q: What leverage options does GaitameOnline provide？
A: GaitameOnline provides leverage options in accordance with Japanese regulations. The maximum leverage available is 1:25.
Q: What are the spreads offered by GaitameOnline？
A: GaitameOnline provides different spreads for various currency pairs. The spreads vary depending on the currency pair traded and are available on their website.
Q: What are the fees associated with GaitameOnline？
A: GaitameOnline has a transparent fee structure with no account maintenance or opening fees. Withdrawals are fee-free, but fees may apply for deposits, except when using the “Quick Deposit Service.” Transaction fees may apply for certain types of transactions and are subject to tax.
Q: How can I deposit and withdraw funds with GaitameOnline？
A: GaitameOnline offers normal deposit (bank transfer) and quick deposit methods for depositing funds. Withdrawals can be requested through the trading platform, and the processing time is typically within 2 business days.
Q: What trading platforms does GaitameOnline offer？
A: GaitameOnline offers the iCycle2Trade™ platform, known for its user-friendly interface and automation capabilities. The platform allows users to set predefined rules and make trade decisions based on trends.
Q: What trading tools are available on GaitameOnline？
A: GaitameOnline provides various trading tools, including market information, daily reports, weekly range forecasts, economic trend updates, chart analysis, a market calendar, and practical chart techniques.
Q: How can I contact GaitameOnline's customer support？
A: GaitameOnline's customer support can be reached through a toll-free phone number, email, or their presence on social media platforms like Twitter, Facebook, and YouTube.
2024-02-23 14:46
2023-03-15 17:58
