Central Tanshi
Pros and Cons
Pros
- Regulated by Japan’s FSA
- No minimum deposit required
- Spreads starting from 0.1 pips
- Multiple trading platforms available
- Long history of operation since 2002
Cons
- No MT4 or MT5 platform support
- Limited trading instruments (only forex pairs)
- Low leverage of 1:25 for individual accounts
- Lack of advanced educational resources
- Restricted customer support channels (contact form only)
Basic Information
User Reviews
Central Tanshi Overview
Central Tanshi is a reputable forex broker established in 2002, headquartered in Tokyo, Japan. The broker is regulated by the Japan Financial Services Agency (FSA), holding a retail forex license under the license number Kanto Finance Director (Financial Business) No. 278. This regulatory oversight ensures that Central Tanshi operates within a legal framework, providing clients with a level of security and trust as they engage in trading activities. The broker has maintained a strong presence in the Japanese market for over two decades, reflecting its commitment to compliance and transparency.
Specializing in forex trading, Central Tanshi offers a diverse range of currency pairs without requiring a minimum deposit, making it accessible for new traders. The broker provides a proprietary trading platform compatible with mobile and desktop devices, featuring essential tools and resources for effective trading. Customer support is available via a contact form, although it lacks phone support, which may limit accessibility for some users. With competitive spreads starting from 0.1 pips and leverage set at 1:25 for individual clients, Central Tanshi positions itself as a solid choice for those looking to engage in the forex market while benefiting from a regulated and established trading environment.
Is Central Tanshi Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Japan Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Compensation Scheme |
Is Central Tanshi Regulated and How Are Client Funds Protected?
Central Tanshi is a regulated forex broker based in Japan, holding a retail forex license from the Japan Financial Services Agency (FSA), with license number Kanto Finance Director (Financial Business) No. 278. This regulatory oversight ensures that the broker adheres to strict compliance standards, promoting transparency and fairness in its operations.
Client funds are protected through measures such as segregated accounts, which keep clients’ funds separate from the broker’s operational funds. Additionally, as a member of the Investor Compensation Scheme, clients may have access to compensation in the event of broker insolvency. These safeguards contribute to the overall safety of trading with Central Tanshi, making it a reliable choice for forex trading.
Trading Products and Services
What trading instruments does Central Tanshi offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY | Many |
| Commodities | — | — |
| Indices | — | — |
| Stocks | — | — |
| Cryptocurrencies | — | — |
Central Tanshi offers a range of trading instruments primarily focused on forex, catering to various trading styles and preferences. With multiple major and exotic currency pairs, the platform provides ample opportunities for both beginner and experienced traders. The absence of minimum deposit requirements and the competitive spreads starting from 0.1 pips allow for flexible trading strategies, making it suitable for day traders and long-term investors alike. Furthermore, the variety of forex pairs available supports effective portfolio diversification, enabling traders to navigate different market conditions with ease.
Account Types and Trading Conditions
What Account Types and Fees Does Central Tanshi Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low spreads, no minimum deposit | Ideal for those new to trading |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires trading experience and volume qualifications |
| Corporate Account | Corporate clients | Custom trading solutions and higher limits | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Complies with Sharia law | Available upon request |
| Demo Account | All traders | Practice trading with virtual funds | Useful for familiarizing with the platform |
Account Opening Process
To open an account with Central Tanshi, you need to follow a straightforward process. First, submit your personal information along with your employment and financial details. This includes providing identification documents such as an ID and proof of address for identity verification. Once your application is reviewed, you will receive confirmation of your account opening, which includes your user ID and password. It’s worth noting that you can later upgrade from a retail to a professional account as your trading experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/JPY) | 1.5 | $0 (ECN: $3.5/lot) | Wider spreads during volatility |
| CFDs (Indices) | 1.0 | $2.5/lot | Standard spreads |
| CFDs (Commodities) | 3.0 | $2.5/lot | Varies with market conditions |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, Central Tanshi has several other potential costs to be aware of. While deposit and withdrawal fees for JPY transactions are generally free, foreign currency withdrawals may incur charges depending on the bank used. There are no inactivity fees or account maintenance charges, but if you require document delivery, there will be a fee of 1,100 yen per report. Additionally, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred if trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Central Tanshi Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Proprietary Platform | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators, economic calendar | No demo accounts, VPS available |
| Web Version | Any device with a web browser | Two-factor authentication, symbol lookup, price alerts | No demo accounts, API interfaces available |
| Mobile App | iOS, Android | Biometric login, one-click trading, push notifications | No demo accounts, VPS available |
Central Tanshi provides a proprietary trading platform accessible on various devices, including Windows, macOS, iOS, and Android. The mobile app offers convenient access with features like biometric login and push notifications, making trading accessible anytime. The web version supports trading from any browser, ensuring flexibility for users.
The platforms emphasize secure login methods, fast order execution, and real-time alerts. Central Tanshi’s proprietary platform features multiple order types and various technical analysis tools. Overall, the broker effectively supports both mobile and desktop trading, catering to different trader preferences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Free for certain banks; others may charge (1,000-1,500 yen) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | JPY, USD, EUR |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | JPY, USD, EUR |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | JPY, USD, EUR |
| Local Payment Methods (e.g., GrabPay) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region. Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often utilize SEPA transfers. Latin American users typically rely on domestic banks. Notably, US users cannot use Skrill, and some Middle Eastern countries impose restrictions on PayPal. Local advantages include zero-fee transfers offered by partner banks in Japan.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds from your account, follow these steps:
- Log into your account on the trading platform.
- Navigate to the withdrawal section.
- Select your desired withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your withdrawal request.
- Complete any required identity verification steps.
- Wait for the processing time to elapse.
- Check your account for the funds.
Customer Support
Central Tanshi Customer Support Overview
Support Channels
Central Tanshi offers several contact methods to assist customers effectively. The primary support channels include:
- Email: Customers can reach out to Central Tanshi by submitting a contact form available on their website for any inquiries.
- Live Chat: Currently, Central Tanshi does not provide a live chat option, which may limit immediate assistance.
- Telephone: There is a contact number available (+81 03-6631-7100), but they primarily encourage the use of the contact form for support.
- Social Media: Central Tanshi maintains a presence on platforms like Twitter, where customers can also seek help and updates.
Service Availability
Central Tanshi provides customer support from Monday to Friday, 24 hours a day. They offer multilingual support, including Japanese and English, ensuring assistance can be provided to a broader audience.
Additional Resources
To enhance customer experience, Central Tanshi provides various educational resources:
- Video tutorials: These cover platform usage and trading strategies.
- Webinars: Regular webinars are conducted to educate traders on market trends and techniques.
- Market analysis: Customers receive insights and analyses that help them make informed trading decisions.
- Trading signals: Central Tanshi offers trading signals to assist customers in timing their trades effectively.
Frequently Asked Questions
Yes, Central Tanshi is regulated by the Japan Financial Services Agency (FSA) and holds a retail forex license (License No. 278). This regulation ensures that Central Tanshi operates within a legal framework, providing clients with a level of security and compliance.
Central Tanshi offers competitive trading conditions, including a minimum deposit requirement of 0 USD, leverage of 1:25 for individual customers, and spreads starting from 0.1 pips for popular forex pairs. The trading platforms available include mobile, PC, and web options.
Central Tanshi takes fund security seriously and adheres to stringent regulatory standards set by the FSA. Client funds are kept in segregated accounts, ensuring that they are protected and separate from the company’s operational funds. Additionally, the broker does not charge account maintenance fees.
Central Tanshi primarily offers customer support through a contact form available on their website. Unfortunately, they do not provide support via phone. Clients can expect a response to their inquiries through the contact form, ensuring that their questions and concerns are addressed.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.