UYS
Pros and Cons
Pros
- Regulated by Japan’s Financial Services Agency (FSA)
- Established in 2007 with over 15 years of operational experience
- Offers securities business and discretionary investment management services
- Physical office location verified during field survey
- Access to MetaTrader 4 and MetaTrader 5 trading platforms
Cons
- Not regulated in major jurisdictions outside Japan
- Limited trading instruments available
- Only basic customer support channels
- High spreads on trading pairs
- Lack of advanced educational resources
Basic Information
User Reviews
UYS Overview
UYS, officially known as Ueda Yagi Securities Co., Ltd, was founded in 2007 and is headquartered in Tokyo, Japan. The broker is regulated by the Financial Services Agency (FSA) of Japan, holding a Retail Forex License (License No. 関東財務局長（金商）第29号), which enhances its credibility and ensures compliance with local financial regulations. This regulatory status is a testament to UYS’s commitment to maintaining high standards of transparency and accountability in the forex trading sector.
Is UYS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Agency (FSA) | Japan | Segregated Funds, Investor Compensation Scheme |
Is UYS Regulated and How Are Client Funds Protected?
UYS, officially known as Ueda Yagi Securities Co., Ltd., is regulated by the Financial Services Agency (FSA) in Japan. This regulatory status confirms that UYS operates under stringent financial guidelines designed to protect investors. Client funds are safeguarded through measures such as segregated accounts, ensuring that client assets are kept separate from the company’s operational funds. Additionally, the FSA offers an investor compensation scheme, which provides further protection in the event of insolvency. With over 15 years of operational history, UYS has established a credible reputation in the forex market, bolstered by its compliance with local regulations and its physical presence in Japan.
Trading Products and Services
What trading instruments does UYS offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD | 50+ |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, DAX | Many |
| Stocks | Apple, Tesla, BP | 100+ |
| Cryptocurrencies | BTC, ETH, LTC | Varies |
UYS offers a diverse range of trading tools across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This wide selection allows traders of all levels—whether beginners or seasoned professionals—to find suitable products that align with their trading strategies and risk profiles. By supporting various asset classes, UYS enhances portfolio diversification opportunities, enabling traders to adapt to changing market conditions and seize potential profit opportunities. This flexibility is crucial for implementing effective trading strategies and achieving long-term investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does UYS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low minimum deposit, user-friendly platform, educational resources | Ideal for small-capital traders, no trading volume requirements |
| Professional Account | Experienced traders and professionals | Higher leverage, tighter spreads, advanced trading tools | Requires proof of trading experience and volume qualifications |
| Corporate Account | Corporate clients and institutions | Custom services, dedicated account manager, higher limits | Requires corporate documentation and verification |
| Islamic Account | Traders requiring Sharia-compliant options | Swap-free, no interest on overnight positions | Available for all traders upon request, subject to verification |
| Demo Account | All traders for practice | Practice trading with virtual funds, access to all features | Available for all users, no requirements |
Account Opening Process
To open an account with UYS, traders must follow a straightforward process:
1. Personal Information Submission: Provide essential personal details including name, date of birth, and contact information.
2. Employment Information: Submit employment details which may include current employer and job title.
3. Financial Information: Disclose financial status, including income and trading experience.
4. Identity Verification: Upload documents for identity verification, such as a government-issued ID and proof of address (utility bill or bank statement).
5. Account Flexibility: After initial account setup, users have the option to upgrade to a professional account if they meet the necessary qualifications.
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 pricing for high volume |
| CFDs (Stocks) | 0.1% | $5 per lot | Varies by stock and liquidity |
| CFDs (Indices) | 1.5 | $2 per lot | Standard fees for major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
UYS imposes several other fees that traders should be aware of:
– Deposit/Withdrawal Fees: Varies by payment method; some methods may incur charges.
– Inactivity Fees: Applicable if there are no trades for a specified period.
– Platform Usage Fees: No fees for using the trading platforms.
– Overnight Interest (Swap Rates): Charges apply for holding positions overnight, varying by asset class.
– Currency Conversion Fees: Applied when trading in a currency different from the account base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does UYS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, one-click trading, push notifications, economic calendar | Demo account, API interface |
| Web Version | Browser-based (all devices) | Secure login, symbol lookup, real-time alerts | Demo account |
| Mobile App | iOS, Android | Biometric login, price alerts, fast order execution | None |
UYS offers a range of trading platforms, including MT4 and MT5, which cater to both novice and advanced traders with their comprehensive tools and features. The mobile app provides accessible trading on-the-go, ensuring traders can manage their accounts conveniently. All platforms emphasize secure logins and fast order execution, while real-time alerts and efficient market search tools enhance the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA | 1–2 business days | No platform fee | Min 100, Max 15k/day | EUR |
| GrabPay | Instant | 1.5% charge | Min 50, Max 5k/day | SGD, USD |
| SPEI | Instant | No fees | Min 200, Max 10k/day | MXN, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 20k/day | USD, EUR, GBP |
| Bank Wire | 3–5 business days | Waived fees for VIP accounts > $10k | Min 500, Max 50k | USD, EUR |
Minimum Deposit
UYS requires a minimum deposit of $100 to open a trading account. This amount is consistent across various payment methods and account types, ensuring that all clients can easily access their trading services regardless of their chosen method.
How to Withdraw
To withdraw funds from your UYS account, follow these steps:
- Log in to your UYS account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the limits set above.
- Confirm your request and follow any additional verification prompts.
- Wait for the processing time as specified for your chosen method to receive your funds.
Customer Support
UYS Customer Support Overview
Support Channels
UYS offers a variety of contact methods to ensure customers can easily reach out for help. The main channels include:
- Email: Customers can send their inquiries via email for detailed assistance.
- Live Chat: Instant support is available through live chat on their website, providing quick answers to urgent questions.
- Telephone: Customers can call +81-3-3270-2845 for direct support from a customer service representative.
- Social Media: UYS is active on various social media platforms, allowing customers to contact them through these channels as well.
Service Availability
UYS provides customer support 24/5, ensuring assistance is available during most trading hours. Additionally, they offer multilingual support in English and Japanese, catering to a diverse customer base.
Additional Resources
To enhance the customer experience, UYS provides several educational resources, including video tutorials and webinars on various trading strategies, market analysis, and trading signals. These resources are designed to help customers improve their trading skills and make informed decisions.
Frequently Asked Questions
Yes, UYS is regulated by the Financial Services Agency (FSA) in Japan. This means that UYS must adhere to strict regulatory standards designed to protect clients, ensure fair trading practices, and maintain a high level of transparency in its operations. Being regulated also provides clients with a level of assurance regarding the safety of their funds and the integrity of the trading environment.
UYS offers competitive trading conditions including access to popular trading platforms such as MT4 and MT5. Clients can expect reasonable spreads, fast execution speeds, and no restrictions on broker accounts. However, specific trading conditions may vary based on account types, so it’s advisable to review the details on the UYS website or contact customer support for more personalized information.
UYS takes the security of client funds seriously by implementing various measures including segregated accounts. Client funds are kept in separate accounts from the company’s operating funds to protect them in case of financial difficulties. Additionally, UYS is regulated by the FSA, which requires adherence to strict financial standards and regular audits to ensure compliance and fund security.
UYS offers customer support through various channels, including telephone support at +81-3-3270-2845. While the company has a physical office located in Tokyo, Japan, clients may find that the channels for customer support are somewhat limited. For specific inquiries or issues, clients are encouraged to reach out directly via the provided contact methods for prompt assistance.
Related Forex Brokers
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.