FSA — Australia
四国アライアンス証券株式会社
Regulated · No. 四国財務局長(金商)第21号
Shikoku Review — Overview
Regulation
Tier-1 regulated
Licence
FSA · No. 四国財務局長(金商)第21号 • BY
Licence status
Regulated
Platforms
Web Trader
Instruments
Investment Trusts, Stocks, Bonds, Forex
Operating
Est. 2002
Main market
JP
Entity
四国アライアンス証券株式会社
Website
Unknown
Shikoku is a forex & CFD broker based in Japan, established in 2002. On Trust Broker Hub it holds a Trust Score of 5.5 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, Shikoku is regulated by FSA and BY, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Shikoku provides access to Investment Trusts, Stocks, Bonds, Forex. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, Shikoku has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
Shikoku currently scores 5.5/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
BY — United Kingdom
四国アライアンス証券株式会社
Licence
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Investment Trusts, Stocks, Bonds, Forex, Commodities |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | Not disclosed |
| Platforms | Web Trader |
| Demo account | / |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Shikoku
Our analysis · editorial
5.5/10
A mixed risk profile
Shikoku holds a tier-1 regulatory licence among its 2 registrations (FSA, BY). Based in Japan, it has been operating for about 24 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.5/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (FSA, BY)
- Holds 2 regulatory licences across multiple jurisdictions
- Long 24-year operating track record
- No complaints on record with us
- Supports Web Trader trading
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Shikoku — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Shikoku here if that changes.
Full specifications
Regulated region
Japan
Operating period
10-15 years
Main market
JP
Licensed entity
四国アライアンス証券株式会社
License status
Regulated
Instruments
Investment Trusts, Stocks, Bonds, Forex, Commodities
Year founded
2002
Frequently asked
Is Shikoku a safe broker?
Shikoku scores 5.5 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Shikoku trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Shikoku?
Shikoku doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.