Question 1

Is Central Tanshi regulated and safe for forex investors?

Accepted Answer

Central Tanshi FX Co., Ltd. is a regulated forex broker based in Japan, holding a retail forex license issued by the Japan Financial Services Agency (FSA) with license number Kanto Finance Director (Financial Business) No. 278. It is also a member of the Securities and Exchange Surveillance Commission of Japan. This regulatory oversight combined with over 15 years of operation and a capital of approximately $10.2 million USD supports its reputation as a reliable and safe broker for forex trading in Japan.

Question 2

What are the trading costs including spreads and fees at Central Tanshi?

Accepted Answer

Central Tanshi offers competitive trading costs with spreads starting from as low as 0.1 pips depending on currency pairs and trading hours; for instance, MXN/JPY can have a spread as low as 0.1 pips, while GBP/JPY spreads can reach up to 16.0 pips in some periods. The broker does not charge any account maintenance fees or transaction fees. However, there are some fees for issuing reports by mail (1,100 yen) and delivery services (500 yen per 10,000 units). Withdrawal fees vary by bank, with some banks offering free withdrawals and others charging between 1,000 and 1,500 yen.

Question 3

How does Central Tanshi handle deposits and withdrawals for forex trading?

Accepted Answer

Central Tanshi provides two main deposit options: click deposit and bank transfer deposit. Click deposits use online banking and are processed nearly instantly and are free of charge. Bank transfer deposits can be made via bank counters, ATMs, or online banking and the fees are borne by the client. For withdrawals, transactions in Japanese Yen are free, while withdrawals in foreign currencies or from certain banks incur fees ranging from 1,000 to 1,500 yen depending on the financial institution.

Question 4

Is Central Tanshi beginner-friendly for new forex traders?

Accepted Answer

Central Tanshi offers a beginner-friendly experience with no minimum deposit requirement, which lowers the barrier to entry for new traders. The account opening process is well-documented with eight simple steps including secure identity verification via smartphone. While it does not support popular MT4 or MT5 platforms, its proprietary trading platform available on web, PC, and mobile devices is designed for ease of use. However, customer support is limited to a contact form with no phone support available, which may be a consideration for beginners who prefer more direct assistance.

Question 5

What trading platforms and instruments does Central Tanshi offer?

Accepted Answer

Central Tanshi offers its own proprietary trading platform accessible via mobile (smartphone and iPad), PC, and web, including additional options on PC like fast chart and Trade Plus. It does not provide MT4 or MT5 platforms. The broker specializes in forex trading with a wide selection of common and exotic currency pairs, including USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, ZAR/JPY, GBP/USD, AUD/USD. Other asset classes such as commodities, indices, stocks, cryptocurrencies, bonds, options, and ETFs are not offered.

Central Tanshi

Regulatory License

Account Information

Why Choose Central Tanshi

Key Point 1

Key Point 2

Key Point 3

Key Point 4

Key Point 5

Key Point 6

Key Point 7

Key Point 8

Advantages

Disadvantages

Broker Details

More Brokers

Resources

Legal

Support