Introduction of Okasan Niigata

Overview

Okasan Niigata, established in 1899 and based in Japan, is a financial services company regulated by the Financial Services Agency (FSA) of Japan, holding certificate number 8110001023502. The company offers a range of services including brokerage of securities sales, underwriting, and insurance solicitation. Okasan Niigata applies specific spreads and commissions for currency and stock transactions, providing transparent pricing for its clients. Additionally, it offers dedicated customer support via phone consultation, ensuring reliable assistance for its clients' needs.

Regulation

Okasan Niigata operates under the supervision of the Financial Services Agency (FSA) of Japan. The firm holds a regulatory certificate, evidencing its compliance with financial regulations. The certificate number issued by the FSA is 8110001023502.

Pros and Cons

Okasan Niigata offers a comprehensive range of financial services with robust regulatory compliance, providing transparency in spreads and commissions for international trading. However, potential limitations might arise from the specificity of their commission structure which may not be as competitive for larger transactions.

Services

Okasan Niigata is engaged in a variety of financial services and operations. The main businesses include:

1. Brokerage of Securities Sales: Assisting clients in buying and selling securities through various market platforms.

2. Underwriting and Sales: Participating in the issuance and sale of securities, serving as an intermediary between issuers and investors.

3. Handling Offers and Sales: Managing the offer and sale process for securities, including coordination and execution of transactions.

4. Related Operations: Performing additional tasks related to the primary services such as financial advising, market analysis, and regulatory compliance.

5. Insurance Solicitation: Offering and advising on various insurance products as part of financial planning services.

Spreads and Commissions

Okasan Niigata applies specific spreads and commissions for trading foreign bonds, stocks, and investment trusts, which vary depending on the currency and transaction type:

Exchange Rate and Spreads:

1. US Dollar: The spread applied is ±50 sen.

2. Euro: The spread applied is ±1 yen.

3. British Pound: The spread applied is ±2 yen.

4. Chinese Renminbi (RMB): The spread applied is ±20 sen.

5. Korean Won: The spread applied is ±0.2 sen.

For transactions involving currency exchange:

• When converting Japanese Yen to a foreign currency, the standard exchange rate plus the spread is used.

• When exchanging foreign currency back to Japanese Yen, the spread is subtracted from the standard exchange rate.

Commissions on Stock Trading:

• For stock transactions where the contract price is 1 million yen or less, the commission charged is 1.265% of the contract price.

These rates and policies ensure that costs are transparent for customers engaging in international trading activities.

Customer Support

Okasan Niigata provides customer support through a dedicated consultation service. Clients with questions or concerns about their investments or any related services can contact the firm directly by calling the following phone number: 0258-35-0290. This allows clients to receive personalized assistance and address any issues they might encounter in their dealings with the firm.

Conclusion

In conclusion, Okasan Niigata offers a comprehensive suite of financial services regulated by the Financial Services Agency of Japan. The firm facilitates securities trading, underwriting, and insurance solicitation with clear pricing structures for spreads and commissions that accommodate a range of international currencies. Clients benefit from accessible customer support, ensuring they have the necessary resources to manage and address their financial needs effectively.

FAQs

Q1: What regulatory body supervises Okasan Niigata？

A1: Okasan Niigata is supervised by the Financial Services Agency (FSA) of Japan.

Q2: What are the main services provided by Okasan Niigata？

A2: Okasan Niigata offers services including brokerage of securities sales, underwriting, sales handling, and insurance solicitation.

Q3: How does Okasan Niigata handle currency exchange in trading？

A3: The firm uses a standard exchange rate plus or minus a spread, depending on whether Japanese Yen is being converted to a foreign currency or vice versa.

Q4: What are the commission charges for stock transactions at Okasan Niigata？

A4: For stock transactions where the contract price is 1 million yen or less, the commission charged is 1.265% of the contract price.

Q5: How can clients reach Okasan Niigata for support？

A5: Clients can contact Okasan Niigata for support by calling their dedicated consultation service at 0258-35-0290.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.