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From my research and direct experiences analyzing Ando Securities, it’s clear that this broker does not offer forex trading for major currency pairs. Despite being regulated in Japan by the FSA and possessing a Retail Forex License, the primary tradable products available through Ando Securities are limited to stocks, investment trusts, bonds, futures/options, and insurance instruments. On their official materials and disclosures, there is no mention of forex, commodities, indices, cryptocurrencies, or ETFs being available for client trading. For the asset classes they do provide, margin trading is relevant mainly to equities—Ando Securities stipulates a consignment deposit rate of 40% for margin accounts, but there are no details about leverage ratios typically seen in forex trading. In practice, this means leverage is present for certain equity trades, but far more conservatively than forex brokers who cater to currency traders. I would caution anyone, as always, to ensure you have absolute clarity about a broker’s specific product offering and risk parameters before depositing funds. In my view, if forex leverage and a wide range of currency pairs are your priorities, Ando Securities would not be suitable, as their platform simply doesn’t support these products. It remains best suited for those seeking a regulated Japanese broker for traditional securities, not for leveraged FX trading.