Centrade

Centrade
WikiStock Rating	⭐⭐⭐
Fees	Variable
Mutual Funds Offered	Yes
App/Platform	Centrade Securities Click Stock 365 Online Trading System
Promotions	Not available yet

What is Centrade？

　　Centrade, regulated by the Financial Services Agency (FSA) in Japan, provides a secure trading environment and a user-friendly platform. However, it lacks access to Initial Public Offerings (IPOs) and cryptocurrency trading, limiting investment options for traders.

Pros and Cons of Centrade

　　Centrade presents several advantages and drawbacks for traders. On the positive side, the brokerage is regulated by the Financial Services Agency (FSA) in Japan, instilling confidence by adhering to rigorous regulatory standards and providing a secure trading environment. Additionally, Centrade offers a user-friendly platform, facilitating seamless navigation, trade execution, and access to crucial market data, enhancing the overall trading experience. However, there are certain limitations to consider. Centrade does not provide access to Initial Public Offerings (IPOs), restricting opportunities for traders interested in investing in newly listed stocks. Moreover, the lack of clearly defined account information may lead to confusion or ambiguity regarding account details, fees, and requirements. Furthermore, Centrade does not offer cryptocurrency trading, which may deter traders seeking to diversify their portfolios with digital assets.

Is Centrade safe？

　　Regulations

　　Centrade is officially licensed and regulated by the Japan Financial Services Agency (FSA) under license number 関東財務局長（金商）第74号.

　　Funds Safety

　　Centrade collaborates with insurance companies authorized by the FSA to provide insurance for clients' funds. The insurance covers the following scenarios: company bankruptcy or insolvency, employee theft or embezzlement, computer system failures, or hacker attacks. The insurance amount can be up to 20 million yen.

　　Safety Measures

　　Centrade employs industry-standard encryption technology to protect clients' account information. All data is encrypted during storage and protected during transmission. Centrade also offers security features such as two-factor authentication (2FA) to help safeguard clients' accounts.

What are securities to trade with Centrade？

　　Centrade offers a variety of trading instruments, including stocks, bonds, forex, and mutual funds. However, the broker does not provide trading in options or other derivatives.

　　Stocks are securities issued by corporations to raise capital, with their value fluctuating based on the company's performance. Investors can profit from buying and selling stocks, as well as receiving dividends and shareholder benefits.

　　Forex, or foreign exchange margin trading, involves buying and selling currencies like the dollar, euro, and yen. Profits are generated from the fluctuating exchange rates, and the use of leverage allows traders to amplify their returns with a relatively small initial investment.

　　Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other assets, managed by professionals. This product is ideal for beginners due to its low entry cost and professional management.

Centrade Fees Review

　　Centrade offers two fee structures for trading, based on whether traders choose the Advisory Course (Face-to-Face Trading) or the Self-Course (Online Trading).

　　For the Advisory Course, the fees for all 365 ClickStocks (excluding NY Dow, NASDAQ-100, and Russell 2000) are 4,400 yen per transaction unit under normal conditions, 2,200 yen per transaction unit for daily trades, and 0 yen for open interest arrangements. For NY Dow, NASDAQ-100, and Russell 2000, the fees are 440 yen per transaction unit under normal conditions, 220 yen per transaction unit for daily trades, and 0 yen for open interest arrangements.

　　For the Self-Course (Online Trading) with Centrade, traders encounter a structured fee system that varies based on the trading instruments selected. When trading all 365 ClickStocks, excluding NY Dow, NASDAQ-100, and Russell 2000, traders face a fee of 550 yen per transaction unit for normal trades, while daily trades incur a fee of 275 yen per transaction unit. Notably, there are no charges for open interest arrangements in this scenario. Conversely, when trading NY Dow, NASDAQ-100, and Russell 2000, the fees are significantly lower. Normal trades incur a fee of 55 yen per transaction unit, with a daily total fee of 28 yen per transaction unit. Again, there are no additional fees for open interest arrangements.

Centrade App Review

　　Centrade Securities' Click Stock 365 online trading system is designed to cater to both desktop and mobile users, offering two versions: a PC version and a smartphone application. This ensures that traders can access the platform anytime and anywhere, providing the flexibility to trade whether at home or on the go.

　　The platform boasts a simple configuration for intuitive operation, enabling users to place orders quickly and efficiently. Orders can be executed directly from the chart or the sign screen, helping traders capitalize on market opportunities without delay. This streamlined approach minimizes the complexity of trading, making it easy for investors to navigate the system and execute trades promptly.

　　Centrade offers a range of advanced trading tools to enhance the trading experience for its users.

　　Chart Plus

　　“Chart Plus” is a web-based charting tool that requires no installation, accessible directly through a browser. It allows users to display up to four charts simultaneously, facilitating comprehensive technical analysis. This tool supports advanced analysis with simple operations and provides valuable data such as trading volume, open interest by trade, and the open interest ratio.

　　e-ProfitFX Plus Stock 365

　　“e-ProfitFX Plus Stock 365” is a sophisticated information analysis tool available for free to customers with a “Click Stock 365” account. This tool offers real-time market price information and allows users to monitor a variety of data on a single screen, including stock indices, financial and economic news, various technical chart functions, and market reports.

Research and Education

　　Centrade offers both in-house and on-site seminars.

　　In-House Seminars

　　These seminars cover everything from the basics of trading mechanisms to specific operational methods for foreign exchange risk hedging transactions.

　　On-Site Seminars

　　For those who prefer personalized instruction, Centrade offers on-site seminars where experts visit clients' homes to provide direct and tailored explanations about transactions.

Customer Service

　　Centrade offers customer service to ensure traders receive support whenever they need it. Available 24 hours a day from Monday to Friday, clients can contact Centrade via a toll-free number (0120-160-151) for any inquiries or concerns, whether it's early in the morning or late at night. Additionally, the Tokyo headquarters can be reached at 03-5649-9955 (phone) and 03-5649-9977 (fax), while the Nagoya branch is available at 052-973-2300 (phone) and 052-973-2301 (fax).

Conclusion

　　Centrade, regulated by Japan's Financial Services Agency (FSA), offers traders a secure and regulated trading environment. With a user-friendly platform, seamless navigation, and access to essential market data, it enhances the overall trading experience. However, it lacks access to Initial Public Offerings (IPOs) and cryptocurrency trading. Centrade is suitable for traders who prioritize security and value a straightforward trading experience but may not be ideal for those interested in IPOs or cryptocurrency investments.

FAQs

　　Q: Is Centrade safe to trade？

　　A: Yes, Centrade is a regulated brokerage, ensuring investor protection in the event of brokerage failure. This regulatory oversight adds an extra layer of safety and security for traders.

　　Q: Is Centrade a good platform for beginners？

　　A: Yes, the platform offers a user-friendly interface that simplifies the trading process for novice traders. Additionally, Centrade provides educational resources tailored specifically for beginners.

　　Q: Is Centrade legit？

　　A: Yes, Centrade is officially licensed and regulated by the Japan Financial Services Agency (FSA) under license number 関東財務局長（金商）第74号.

Risk Warning

　　The information provided is based on WikiStock's expert assessment of the brokerage's website data and is subject to change. Additionally, online trading involves significant risks, which can result in the complete loss of invested capital. Therefore, it is essential to understand these risks thoroughly before engaging in trading activities.