BANYO Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-05 15:08

Abstract：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.

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 Information

　　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 and Cons

Pros	Cons
Regulated by FSA	Limited information on account type
	High minimum deposit

Is Banyo Legit?

　　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.

What Can I Trade on Banyo?

　　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 Fees

　　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