Gaitameonline- Some Detailed Information about this broker

GaitameOnline Information

GaitameOnline is a legitimate Japanese Forex and CFD broker regulated by the FSA. They offer trading in forex, cryptocurrencies, and binary options via their proprietary “Minna no” platforms for PC and mobile. Notably, they provide commission-free trading with spreads starting from 0.15 pips on USD/JPY Light and offer demo accounts for practice. Leverage is available up to 1:25 for individuals, and they do not charge deposit or withdrawal fees.

Pros and Cons

Is GaitameOnline Legit?

GaitameOnline has a Retail Forex License regulated by the Financial Services Agency (FSA) in Japan with a license number of 関東財務局長（金商）第276号.

What Can I Trade on GaitameOnline?

You can trade FX (みんなのFX), FX System Trading (みんなのシストレ), Binary Options (みんなのオプション), and Cryptocurrencies (みんなのコイン) on GaitameOnline.

Account Type

GaitameOnline encourages users to start with demo trading before using a live account. Their demo account offers a realistic trading experience with 1 million yen in virtual funds, requiring no registration or usage fees, allowing practice on the same screen as the actual trading platform.

Leverage

GaitameOnline offers individual leverage, typically up to 1:25 (and 1:10 for RUB/JPY). Their corporate leverage is reviewed weekly for each currency pair.

GaitameOnline Fees

Spreads: GaitameOnline's spreads for major currency pairs, as shown, include USD/JPY Light at 0.15, EUR/JPY Light at 0.28, GBP/JPY Light at 0.78, and EUR/USD Light at 0.18.

Commissions: GaitameOnline (Minna no FX) highlights zero transaction fees and various other fees, including direct deposit fees. Investors might incur the transfer deposit fee.

Swaps: GaitameOnline offers industry-leading swaps, with examples for holding 10 lots including Turkish Lira/Yen LIGHT at 550 yen, Mexican Peso/Yen LIGHT at 270 yen, and South African Rand/Yen LIGHT at 250 yen. They highlight daily profit-earning potential and suitability for medium to long-term investments.

Trading Platform

Deposit and Withdrawal

GaitameOnline charges no fees for deposits and withdrawals. The company has no specified initial deposit amount, and the deposit currency is JPY.