Okigin Securities-Some Important Points about This Broker

General Information & Regulation

Okigin Securities Limited was established in June 1960 and the company has undergone several consolidations to become a wholly owned subsidiary of Okinawa Bank in March 2017. The company is authorized and regulated by the Japan Securities Dealers Association, and its financial instrument operator number is Okinawa General Affairs Bureau Director (Financial Instruments) No. 1. In addition, Okigin Securities is regulated by the Financial Services Agency of Japan (FSA) under license number 4360001000348.

Market Instruments

Okigin Securities offers investors a range of financial instruments, including domestic/foreign stocks, investment trusts, individual government bonds, foreign bonds, and structured bonds.

Account Opening Process

Since Okigin Securities is a wholly owned subsidiary of Okinawa Bank, if a client wishes to open a trading account with the company, he/she must first have an account with Okinawa Bank. The client can be referred to Okigin Securities by the bank for subsequent application services after the account with Okinawa Bank has been processed.

OTC Trading

Okigin Securities also provides OTC services for clients, with products covering mainly U.S. stocks/ADRs (American Depositary Receipts). The minimum order size is 1 share and 100,000 yen. Clients can settle in either Japanese yen or foreign currency (U.S. dollars), but deposits and withdrawals are generally made in Japanese yen. The price offered by the company to clients is set at ±2.75% of the internal reference price, while the exchange rate is set by the company as determined on the order date.

Okigin Fees

Okigin Securities charges clients fees for providing products and various services as needed in the course of trading. In the case of domestic stock trading, for example, the commission (including tax) to be paid for contract prices under 1 million yen is 1.210% of the contract price. Taking investment trusts as an example, when a client applies for an investment trust handled by the company or redeems part of the investment trust, the maximum application fee or redemption fee (including tax) of 3.3% of the application amount is charged. In the case of bonds, for example, the commission (including tax) to be paid for contract prices under 1 million yen is 1.045% of the contract price.

Okigin Risks

Every financial product carries the risk of loss due to price fluctuations, etc. For example, when buying or selling stocks, there is a risk of loss (or even exposure to the risk of loss of principal) from changes in external evaluations related to price fluctuations in the stock market, interest rate levels, exchange rates, and deterioration in the credit standing (including financial and management status) of the issuer of the securities.

Opinions and complaints

If clients have any comments or complaints about the company, they can give feedback through the hotline 098-862-6139. Reception hours are from Monday to Friday 9:00-17:00 (except holidays). In addition, the company has a financial ADR system to resolve complaints and disputes related to financial instruments and trading operations.