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In my personal experience as a cautious trader, credibility starts with regulatory oversight, and Shin is, in fact, regulated by Japan’s Financial Services Agency, which gives me a certain degree of reassurance about its legal standing and the transparency of its operations. That said, credibility isn't just about regulation; practical aspects matter greatly. Shin appears to focus on stocks, bonds, and investment trusts, and while its regulator is well-respected, there’s a notable lack of an online trading platform and very limited overseas coverage. For me, these are significant drawbacks, especially in today’s digital trading environment, making execution and account management less convenient. I also noted that there are only a couple of user exposures posted, both describing unrelated third-party scams rather than direct issues with Shin itself. However, the general lack of extensive user feedback or detailed disclosures about trading costs raises a red flag for me in terms of transparency and actual user experience. In summary, while Shin appears legitimate and stable under Japanese regulation, its structure and user-facing limitations mean I would approach it with caution, especially if needing advanced trading tools or access outside Japan. For a local Japanese investor seeking basic, regulated securities services, Shin could be adequate, but I would not consider it an optimal choice for active or international forex traders.