Basic Information
Registered Region 
Japan
JapanOperating Period
2-5 years
Company Name
Discover Bank
Contact Number
+810420002818
Company Website
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Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Discover
Japan
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
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Website
Rating Index
Contact
+81 04-2000-2818
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LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
4
Website
Genealogy
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Company Summary
Comment
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Website
discoverjpfx.com
172.67.128.87Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
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Relevant Enterprises
DISCOVER BANK(Delaware (United States))
Active
United States
Registration No. 434407
Established
Related sources Website Announcement
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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のり932
Japan
Please don't embarrass me any further. Must guide other members in their transactions. I'm just a trader. Please understand. I did my best to cooperate and provide ideas as I needed to help. If you complete the transfer of 5 million yen within 29 days, you can apply for a loan and he will handle all the issues immediately. You should be fine on this platform as long as you follow the rules. If we cannot receive the natural gas within 29 days, we cannot help you at that time. Please comply with company rules and ensure smooth delivery of natural gas. thank you. very sorry. I explained as much as I could to the company, but the company agreed to approve 5 million yen. Currently, Mr. Kamata's account balance is $32,000 short of natural gas delivery funds, but he would like to participate in tonight's trade and make a small profit. There will be no problem if you add the rest tomorrow morning. thank you. This time, the natural gas was not delivered on time, which affected the company's credit. Therefore, this time, the company only approved the 5 million yen, but unless it completes the delivery of the natural gas and returns the current loan, it will not be able to apply for the next loan. Please understand. Please rest assured. There will be two trades this evening, and there will be a GDP data market at 10:30 pm, so it is expected that you will be able to earn 10,000 to 20,000 dollars. There will be no problem if you replenish the remaining funds tomorrow.
Exposure
HongLON
Pakistan
I was new to the platform and needed to connect my Meta trader to my forex account. Customer service helped me step by step in doing so.
Positive
Laterbit
Belarus
Their response is timely when you have an issue. Though I have a problem with the payment method set for instance when you deposit using PayPal you can't withdraw the funds to mpesa. Ensure flexibility in withdrawal of funds, one should be able to withdraw funds using payment method of their choice regardless of which payment method they used to deposit.
Neutral
Alice S.Saitama
New Zealand
My price alerts stopped activating more than 2 weeks ago, I sent them emails, Live chat is useless as I spoke to at least 7 people and they all disappeared and the chat ended!!! This is nonsense support, as now I have to watch the market all day waiting for the price to get to a specific zone.
Neutral