Score
Discover
Japan|1-2 years| https://www.discoverjpfx.com/
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Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+81 04-2000-2818
Other ways of contact
Broker Information
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Discover Bank
Discover
Japan
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Discover · Company Summary
Note: Discover's official website: https://www.discoveripfx.com/ is currently inaccessible normally.
| DiscoverReview Summary | |
| Founded | 2023 |
| Registered Country/Region | Japan |
| Regulation | No regulation |
| Market Instruments | ForexCommoditiesIndicesOptions |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| Spread | / |
| Trading Platform | Discover FX |
| Min Deposit | / |
| Customer Support | Phone: +81 04-2000-2818 |
Discover Information
Discover is a broker incorporated in Japan in 2023, offering Forex, Commodities, Indices, Options to traders, and providing its own trading platform Discover FX. In addition, it says it offers low spreads and supports fee waivers. As of now, Discover is unregulated and contains too little information.
Is Discover Legit?
Discover is currently unregulated and its website is inaccessible.
Pros and Cons
| Pros | Cons |
| Low spreads | Serve Japanese traders only |
| Fee-free trading | No regulatory authorization from NFA |
| Trading platform is compatible with various devices | Limited educational resources |
| Limited research tools |
Market Instruments
Discover offers a wide array of trading assets accessible through a single account. These include commodities, forex, indices, and options, among others.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Options | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Leverage
Discover JFX offers a maximum leverage of 1:400 on major currency pairs, which means that you can control up to $400,000 for every $1,000 you deposit. This can be a great way to amplify your profits, but it is also important to remember that it can also amplify your losses. For example, if you lose 1% of your account balance with a leverage of 1:400, you will lose 40% of your deposit.
Discover Fees
Discover says it offers a low-spread and fee-free environment for forex trading. It does not charge any fees for foreign exchange transactions.
Trading Platform
Discover offers Discover FX Trading platform across various operating systems, including iOS, Android, and Mac.
| Trading Platform | Supported | Available Devices | Suitable for |
| Discover FX | ✔ | Desktop, Mobile | All traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Customer Support
Discover offers customer support primarily through phone contact, with the company's phone number listed as +81 04-2000-2818.
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