Score

7.99 /10
Good

SHIMADAI

Regulated in Japan

Retail Forex License

Suspicious Scope of Business

Medium potential risk

D

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Score

Regulatory Index7.83

Business Index8.89

Risk Management Index8.90

Software Index7.05

License Index7.85

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

SHIMADAI Securities Co.,Ltd.

Company Abbreviation

SHIMADAI

Platform registered country and region

Japan

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-05-14
  • The current information shows that this broker does not have a trading software. Please be aware!

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SHIMADAI · Company summary
SHIMADAI Review Summary
Founded2011
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsStocks, mutual funds, bonds, investment trust
Demo Account
Trading Platform/
Minimum Deposit/
Customer SupportContact form
Phone: 076-423-8331, 0765-52-2200 (9:00~17:00 / Closed : Saturdays, Sundays, and holidays)
Address: 〒930-0044 富山県富山市中央通り2丁目4-9

Founded in 2011, Shimadai Securities is a Japanese brokerage firm regulated by the Financial Services Agency (FSA). The company offers diverse market instruments, including stocks, mutual funds, bonds, and investment trust. However, information on trading platforms and accounts is limited. Additionally, the firm only supports the Japanese language on its website.

SHIMADAI Securities' homepage

Pros and Cons

Pros Cons
Regulated by FSALimited info on accounts
Various trading productsSingle supported language
No demo accounts
Lack of info on trading platforms

Is SHIMADAI Legit?

Yes, at present, SHIMADAI is regulated by FSA, holding a Retail Forex License.

Regulated CountryRegulated AuthorityRegulated EntityCurrent StatusLicense TypeLicense Number
Japan
Financial Services Agency (FSA)島大証券株式会社Regulated Retail Forex License北陸財務局長(金商)第6号
Regulated by FSA

What Can I Trade on SHIMADAI?

On SHIMADAI, you can trade with stocks, mutual funds,bonds, and investment trust.

Tradable Instruments Supported
Stocks
Bonds
Mutual Funds
Investment Trust
Forex
Commodities
Indices
Cryptocurrencies
Options
ETFs
What Can I Trade on SHIMADAI?

Fees

For detailed fee structure, you can refer to their website: http://shimadai.com/service/. However, it seems that the language only supports Janpanese.

Fees

User Reviews

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User comment

2

Comments

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tina68414
more than one year
I had a terrible experience with SHIMADAI; it's nothing but a scam. The whole operation is incredibly deceptive. Under no circumstances should you consider using them. They will feed you lies to get hold of your funds, and when it comes time to withdraw, they'll subject you to losing trades. Steer clear!
I had a terrible experience with SHIMADAI; it's nothing but a scam. The whole operation is incredibly deceptive. Under no circumstances should you consider using them. They will feed you lies to get hold of your funds, and when it comes time to withdraw, they'll subject you to losing trades. Steer clear!
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2024-01-23 19:20
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yuaner
more than one year
I've been with SHIMADAI since March, and it's been a frustrating experience. Withdrawals have been a nightmare—my funds are stuck, and there's no clear resolution in sight. Customer support hasn't been much help either; communication is slow, and they don't seem to have a handle on the issue. It's disappointing not being able to access my own money.
I've been with SHIMADAI since March, and it's been a frustrating experience. Withdrawals have been a nightmare—my funds are stuck, and there's no clear resolution in sight. Customer support hasn't been much help either; communication is slow, and they don't seem to have a handle on the issue. It's disappointing not being able to access my own money.
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2023-12-28 12:27
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