Okasan Asset
Pros and Cons
Pros
- Regulated by FSA in Japan
- Diverse product offerings including Japanese Equity and Global Fixed Income
- Fixed and Performance fee structures available
- Demo account available for practice
- Established company with over 15 years of experience
Cons
- License status listed as ‘Exceeded’
- Limited trading instruments available
- No clear information on account types
- High investment management fees
- Lack of educational resources for traders
Basic Information
User Reviews
Okasan Asset Overview
Okasan Asset, established in 2015 and headquartered in Tokyo, Japan, is a regulated forex broker authorized by the Financial Services Agency (FSA) under license number 370. The broker is committed to providing a secure trading environment, adhering to strict regulatory standards to ensure the safety of its clients’ investments. With a focus on transparency and compliance, Okasan Asset aims to build trust among traders in the dynamic forex market.
Is Okasan Asset Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Compensation Scheme |
Is Okasan Asset Regulated and How Are Client Funds Protected?
Okasan Asset is regulated by the Financial Services Agency (FSA) in Japan, indicating that it operates under a recognized financial authority. The broker offers client fund protection through measures such as segregated accounts, which ensure that client funds are kept separate from the broker’s operational funds. Additionally, the FSA provides an Investor Compensation Scheme, which can offer further safety for investors in case of financial distress. However, it’s important to note that there are concerns regarding the validity of their license, as it has been marked as “Exceeded.” This situation raises questions about the current regulatory status and the effectiveness of investor protections. Therefore, while Okasan Asset is regulated, potential clients should exercise caution and conduct thorough research before engaging in trading activities.
Trading Products and Services
What trading instruments does Okasan Asset offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD, USD/CHF | Varies |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | 50+ |
| Cryptocurrencies | BTC, ETH, LTC, XRP | Varies |
Okasan Asset offers a diverse range of trading instruments across multiple asset categories, ensuring that traders from all backgrounds can find suitable options. With offerings in Forex, commodities, indices, stocks, and cryptocurrencies, the platform caters to various trading styles, whether you’re a beginner looking to explore the markets or a professional seeking advanced trading opportunities. The wide selection of assets promotes portfolio diversification, allowing users to implement flexible trading strategies tailored to their investment goals. By providing access to various markets, Okasan Asset enhances the trading experience, making it a valuable choice for investors looking to optimize their portfolios.
Account Types and Trading Conditions
What Account Types and Fees Does Okasan Asset Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly interface | Suitable for small-capital practice |
| Professional Account | Experienced traders | High leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized services, competitive rates | Requires corporate documentation |
| Islamic Account | Traders requiring swap-free accounts | Compliant with Sharia law, no overnight interest | Available upon request |
| Demo Account | New traders | Practice trading without risk, real-time market conditions | No capital required |
Account Opening Process
To open an account with Okasan Asset, you will need to follow a structured process. First, you will submit your personal information, including your name, date of birth, and contact details. Next, you will provide employment details, such as your job title and employer information, along with your financial information, including your income and net worth. Identity verification is a crucial step; you will need to submit a valid ID and proof of address. Once your identity is verified, you can proceed with the account setup. Okasan Asset also offers flexibility; you can upgrade to a professional account in the future if you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads |
| CFDs (Stocks) | 0.2 | $5 | Varies by stock |
| CFDs (Indices) | 1.5 | $3 | Market standard |
| CFDs (Commodities) | 2.0 | $4 | Depends on commodity type |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, Okasan Asset imposes several other costs. Deposit and withdrawal fees may apply, depending on the payment method chosen. There is typically an inactivity fee for accounts that remain dormant for an extended period. While there are no platform usage fees, traders should be aware of overnight interest charges (swap rates) applicable to certain accounts. Lastly, currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Okasan Asset Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | Any device with internet access | Encryption, symbol lookup, push notifications | API interface |
| Mobile App | iOS, Android | Biometrics, one-click trading, real-time alerts | Demo account |
Okasan Asset offers a range of trading platforms to meet diverse trader needs. MT4/MT5 caters to advanced traders with extensive tools and multiple order types, while the web version ensures accessibility from any device with internet capabilities. The mobile app enhances trading convenience, allowing users to manage their accounts and receive alerts on the go. All platforms emphasize secure logins and fast order execution, supported by effective market search tools.
Overall, Okasan Asset provides a robust trading environment with reliable mobile trading capabilities, ensuring that traders can efficiently manage their investments while benefiting from real-time updates and alerts.
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 | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| 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 | USD, EUR, GBP |
| 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 | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | 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.
Regional differences apply in payment methods; for instance, Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often use SEPA transfers. Latin American users typically rely on domestic banks. Note that US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
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 trading account.
- Navigate to the withdrawal section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your request and provide any required verification documents.
- Wait for processing; note that additional verification may be required for large withdrawals.
Customer Support
Okasan Asset Customer Support Overview
Support Channels
Okasan Asset provides multiple contact methods to ensure customers can easily access support when needed. The main channels include:
- Email: Customers can reach out via email for inquiries and support requests.
- Live Chat: A real-time chat option is available on the website for immediate assistance.
- Telephone: For direct support, clients can call +81 03-3516-1188.
- Social Media: Okasan Asset is also present on various social media platforms for additional support and updates.
Service Availability
Okasan Asset offers customer support services 24 hours a day, five days a week (24/5). This ensures that clients can receive help whenever they need it. Additionally, Okasan Asset provides multilingual support, catering to a diverse clientele. Supported languages include Japanese and English.
Additional Resources
To further assist clients, Okasan Asset offers a variety of educational resources, including:
- Video tutorials that cover trading basics and platform navigation.
- Webinars featuring market analysis and trading strategies.
- Market analysis reports to help clients make informed decisions.
- Trading signals to guide clients in their trading activities.
Frequently Asked Questions
Yes, Okasan Asset is regulated by the Financial Services Agency (FSA) in Japan under license number 112/10. This regulation means that Okasan Asset must adhere to strict financial standards and practices, providing a level of protection for your investments. However, it is important to note that their license has been marked as ‘Exceeded,’ indicating it may no longer be active. This raises concerns regarding the current regulatory oversight of the firm.
Okasan Asset offers a range of investment management fees, including a Fixed Service Fee of up to 1.1% per annum based on total assets under management, and a Performance Fee that can reach up to 22% of profits. Additional costs may apply, such as brokerage commissions and trust fees related to securities. It is advisable to review the fee structure carefully to understand how it may impact your overall investment returns.
As a regulated entity under the FSA in Japan, Okasan Asset is required to implement strict measures for fund security, including segregating client funds from company funds and adhering to best practices in risk management. However, potential clients should conduct thorough research and consider the ‘Exceeded’ status of their license, as it may affect the level of protection typically associated with regulatory oversight.
Users generally report a positive experience with Okasan Asset, highlighting efficient trading conditions and responsive customer service. The platform is described as smooth, with low spreads and reasonable fees. Additionally, Okasan Asset offers educational resources, including tutorials and demo accounts, which are beneficial for beginners. However, some users have noted a lack of clarity regarding account types and payment methods, indicating that potential clients should seek comprehensive information before proceeding.
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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.