Shikoku

zack18

1-2 years

Are there any payment methods supported by Shikoku that allow for instant withdrawals?

WikiFX Reply

After carefully reviewing my own experience and the available information about Shikoku, I need to take a conservative approach regarding payment methods and withdrawal speeds. Based on what I found, Shikoku’s funding and withdrawal options are primarily bank transfers, and these come with a potential processing time of up to 24 hours. While same-day processing may occur, there is no evidence that Shikoku offers any instant withdrawal methods such as e-wallets or internal transfers that are popular with some international brokers. This is consistent with what I generally expect from a traditional Japanese broker, especially one regulated by the FSA and operating for over a decade. The focus seems to be on security and regulatory compliance, rather than rapid, technology-driven withdrawal solutions. In my trading, speed of withdrawal is important, but I weigh this against the trustworthiness and regulatory standards of the broker. With Shikoku, the process appears to prioritize procedural diligence over speed, which may be more reassuring for those worried about safety, but it does mean traders should not expect instant access to funds. For anyone considering trading with Shikoku, it is prudent to plan for at least some delay when withdrawing funds, and not to rely on instant liquidity.

Broker Issues

Shikoku

Withdrawal

Deposit

08-29

United States

J Forex Trader

1-2 years

Is Shikoku overseen by any regulatory agencies, and if so, which ones?

WikiFX Reply

In my evaluation as an independent trader, one factor I always prioritize is whether a broker operates under clear regulatory oversight. With Shikoku, I found that they are regulated by Japan’s Financial Services Agency (FSA), specifically under the entity 四国アライアンス証券株式会社, with a retail forex license. For me, Japanese FSA regulation signals a solid baseline of accountability and consumer protection, since the FSA is known for setting rigorous standards for financial institutions in Japan. Regulatory status alone, however, doesn't guarantee a flawless trading experience. I always look further, but the official oversight by the FSA consistently ranks high in my decision-making process, especially given the prevalence of unregulated brokers in the industry. Having a regulator like the FSA involved gives me greater confidence that the broker must comply with important rules regarding client fund segregation and operational transparency. Still, I remind myself that no regulatory framework is entirely foolproof, and it's essential to assess all aspects of a broker's offering before making substantial commitments. In summary, based on my own standards, Shikoku’s regulation by the Japanese FSA is a significant point in its favor.

Broker Issues

Shikoku

Regulation

08-11

United States

x1250

1-2 years

How much do you need to deposit at a minimum to start a live trading account with Shikoku?

WikiFX Reply

In my time exploring and evaluating different brokers, I’ve learned that transparency around minimum deposit requirements is crucial for making informed decisions and managing risk. With Shikoku, what stands out to me is the absence of a clearly stated minimum deposit amount. Based on the information provided, there isn’t a specified figure for a minimum deposit—only that bank transfer fees range from JPY 0 to JPY 4,000, and that the processing time is typically under 24 hours. While this might suggest flexibility, I view it as a point to approach cautiously. A lack of explicit guidance on the minimum amount needed to fund an account can be inconvenient for planning, especially for traders like myself who prefer to start small or set strict allocation limits. Over the years, I’ve learned to be especially careful with any broker that isn’t fully straightforward on basic account conditions. Although Shikoku is regulated by Japan’s FSA and has been in operation for over a decade—factors that do add a level of security—the absence of clearly published minimum deposit details makes me hesitant to proceed without first contacting customer support directly for clarification. That, in my experience, is the safest and most responsible approach before committing any funds.

Broker Issues

Shikoku

Deposit

Withdrawal

08-10

United States

webgalaxy

1-2 years

What major drawbacks or potential risks should I consider before using Shikoku?

WikiFX Reply

In my personal experience as a forex trader, I always prioritize broker safety and operational transparency. With Shikoku, while I appreciate its clear regulatory status in Japan and its decade-plus presence, certain drawbacks give me pause. The most significant concern is the lack of industry-standard trading platforms like MT4 or MT5—Shikoku relies solely on its Web Trader. For me, this means missing out on advanced charting tools, automated trading, and the familiarity that comes from widely used platforms. Additionally, Shikoku does not offer a demo account. This is a big issue because I find demo trading invaluable for assessing spreads, execution quality, and platform reliability before risking real money. Another risk factor I’d point out is the fee structure, which is both diverse and relatively high—domestic stock brokerage fees can range from JPY 2,750 up to JPY 275,000, and foreign stock fees reportedly reach up to 11%. Without transparent and easily accessible information on forex commission and spreads (beyond a stated EUR/USD spread “from 10–75 sen,” which is a broad and potentially costly range), estimating actual trading costs can be challenging. Lastly, the support for non-Japanese traders appears limited. Communication channels are narrow and, in my review process, inquiries were left unanswered. For those not based in Japan or unfamiliar with Japanese systems, this lack of proactive support, coupled with a website that several users found difficult to navigate, adds further complications. All these factors contribute to a medium risk profile that I cannot overlook.

Broker Issues

Shikoku

Regulation

07-19

United States