Item: FX Broadnet
Rating: 8.11

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fxbroadnet.com

124.40.40.76

Server Location

Japan

ICP registration

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Most visited countries/areas

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Domain Effective Date

2016-08-03

Website

WHOIS.JPRS.JP

Company

JAPAN REGISTRY SERVICES CO., LTD.

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株式会社ＦＸブロードネット(Japan)

Active

Japan

Registration No. 6010001113323

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Wiki Q&A

schlaepfi

Within 1 year

Considering customer feedback and your own evaluation, how legitimate do you believe FX Broadnet is?

WikiFX Reply

Based on my years of trading experience and a thorough review of FX Broadnet’s details, I can say the broker presents strong indicators of legitimacy, especially for those seeking a regulated environment. FX Broadnet holds an official retail forex license issued by Japan’s Financial Services Agency (FSA), which is one of the most respected regulators in the industry. In my view, regulation like this is critical because it means the broker must follow strict operational and client protection standards. This significantly lowers the probability of major misconduct compared to unregulated entities. In addition, FX Broadnet has operated for over 15 years, has a physical office confirmed in Tokyo, and provides transparent contact channels. From what I see, these factors suggest an established presence and a certain degree of reliability. The trading platform is also self-developed, with versions for various devices, and their spreads—such as 0.2 sen for USD/JPY—are competitive for the Japanese market. However, I always approach anonymous feedback and isolated complaints, such as one report about withdrawal issues, with caution. While regulation increases confidence, no broker is entirely risk-free, and individual experiences can vary widely. For me, the combination of long-term operation, domestic regulation, and diverse trading tools makes FX Broadnet appear legitimate, but I advise all traders to perform their own due diligence and start with smaller amounts if testing any new service.

Could you give a comprehensive overview of FX Broadnet's fees, covering both their spreads and any commission charges?

WikiFX Reply

Having traded independently for years and evaluated numerous brokers, I find FX Broadnet’s fee structure noteworthy for its transparency, especially concerning spreads. For me, understanding costs is essential for both strategy and risk management. FX Broadnet advertises a dollar-yen spread as low as 0.2 sen, which is indeed competitive in the Japanese retail FX market. In my experience, such low spreads can lead to more efficient execution and reduce the friction cost of entering and exiting trades, but it’s always prudent to remember that spreads are variable, often widening under volatile market conditions. As for commissions, from all the available data, FX Broadnet seems to focus mainly on its tight spreads and does not openly list separate commission charges for standard over-the-counter FX trading via its online platform. This could indicate that the broker operates with a spread-only fee model for regular forex trades, which is fairly common among Japan-regulated FX providers. For the Click 365 product, utilized by some traders for its exchange-traded structure, there may be swap-related costs and different trading conditions, so I always review these specifics on the official site before committing funds. Ultimately, from my perspective, the visible costs at FX Broadnet mostly come from the spread, with limited public evidence of added commission charges for standard retail accounts. However, as with any broker, I recommend reviewing the latest fee schedules directly and factoring in swap rates and possible administrative charges, as these can impact long-term trading performance. Comprehensive understanding of costs is a cornerstone of responsible trading.

How much leverage does FX Broadnet provide for major currency pairs, and does this leverage differ for other types of assets?

WikiFX Reply

Based on my thorough experience with brokers operating under the Japanese FSA, and the available information about FX Broadnet, I have learned to evaluate leverage policies primarily by referencing regulatory requirements and the broker’s transparency. However, the context provided does not specify exact leverage ratios for FX Broadnet’s major currency pairs or for other asset classes. For me, this lack of published leverage figures is not uncommon among Japan-based brokers, since the Financial Services Agency (FSA) maintains strict oversight and typically caps retail forex leverage at 25:1. In my own trading, I take such regulatory standards seriously, as they reflect a broader goal of client protection and risk management. Although some international brokers advertise higher leverage, my approach has always been one of caution—especially given Japan’s strong regulatory environment. It’s reasonable to infer that FX Broadnet adheres to FSA limits, and, historically, leverage on more exotic or riskier products is often set even lower by Japanese brokers. However, without specific figures, I would not assume or rely on higher leverage, and would recommend prospective clients confirm directly with FX Broadnet regarding detailed leverage for each trading instrument before opening or funding an account. For me, fully understanding these parameters is vital for managing risk responsibly in any trading strategy.

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil with FX Broadnet?

WikiFX Reply

Based on my own thorough review of FX Broadnet’s available services and tools, I did not find clear evidence supporting the ability to trade popular commodities like Gold (XAU/USD) or Crude Oil on this platform. My evaluation focused on what is formally disclosed: FX Broadnet primarily emphasizes over-the-counter forex trading and "Click 365," both centered around currency pairs and the Japanese foreign exchange market. While the broker is well-established in Japan and holds proper regulation from the Financial Services Agency (FSA), all indications point towards a strong focus on forex rather than a broader range of asset classes. For me, the lack of any explicit mention of commodities such as gold or oil in their platform features or trading instrument lists is telling. In my experience, trustworthy brokers are usually transparent about what asset classes are available, and the absence of commodity references gives me pause. Additionally, the trading tools and mobile apps promoted appear tailored specifically for forex trading, not for multi-asset access. Anyone considering trading other asset classes like gold or crude oil should exercise caution and confirm directly with FX Broadnet’s support team. I always advise verifying with the broker before funding an account when the range of available instruments isn’t crystal clear, especially with assets involving higher risk and volatility.

User Reviews 3

All (3) Positive (2) Exposure (1)

FX1386604268

3-5 years

Exposure

Does not allow to withdraw my investment

https://fxfinancetrade.com this platform supposedly does trading for you and after 7 days they would give you double your investment and you have to pay a 15% commission, but at the end of 7 days they did not allow me to withdraw my investment No earnings, they told me that I had to make a deposit of $300usd to be able to withdraw. the person who supposedly trades for you is still trading on facebook.

Mexico

From the name FX Broadnet, I think the meaning behind that name should be, Because they possessed everything broad, experience, exposure,knowledge,focus and awareness, tell me what can beat this? not only That, What they have is vital in any trade, I know something more vital than that..because that’s the only thing you’ll ever need in your trade wherever you are. That’s WikiFX, because WikiFX alone is success 💯💯

Nigeria

a good broker that provide optimum evaluation and satisfaction of usage interms of desired goals

2022-12-07

Nigeria

No more

Write a review

Exposure

Neutral

FX Broadnet Review Summary
Founded	1993
Registered Country/Region	Japan
Regulation	Unregulated
Services	Over-the-Counter FX/Click 365/Trading Tools
Demo Account	✅
Spread	At 0.2 sen(dollar-yen spread)
Trading Tools	FX BroadNe(Browser/Android/iPhone/Tablet/Mobile)
Customer Support	Hotline: 0120-997-867
	Email: support@fxbroadnet.com
	Social Media: Facebook, Twitter

Platform	Supported	Available Devices
FX BroadNe	✔	Browser/Android/iPhone/Tablet/Mobile

Contact Options	Details
Hotline	0120-997-867
Email	support@fxbroadnet.com
Social Media	Facebook, Twitter
Supported Language	Japan
Website Language	Japan
Physical Address	〒100-6217 東京都千代田区丸の内1-11-1

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Wiki Q&A

Considering customer feedback and your own evaluation, how legitimate do you believe FX Broadnet is?

Could you give a comprehensive overview of FX Broadnet's fees, covering both their spreads and any commission charges?

How much leverage does FX Broadnet provide for major currency pairs, and does this leverage differ for other types of assets?

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil with FX Broadnet?

User Reviews 3

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