KAGAWA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 18:31

Abstract：KAGAWA (香川証券株式会社) is a Japanese brokerage firm that has been around since 1944 and is overseen by the Japan FSA. It offers a wide range of financial products, including domestic and overseas equities, investment trusts, REITs, and inheritance planning. Its main customers are Japanese regular and institutional investors.

KAGAWA Review Summary
Founded	1944
Registered Country/Region	Japan
Regulation	FSA
Market Instruments	stocks, bonds, investment trusts, REITs, ETFs, inheritance support
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	/
Minimum Deposit	/
Customer Support	Online inquiry

KAGAWA Information

　　KAGAWA (香川証券株式会社) is a Japanese brokerage firm that has been around since 1944 and is overseen by the Japan FSA. It offers a wide range of financial products, including domestic and overseas equities, investment trusts, REITs, and inheritance planning. Its main customers are Japanese regular and institutional investors.

Pros and Cons

Pros	Cons
Long history and strong reputation in Japan	No demo or Islamic accounts
Comprehensive product range	Limited information on trading platforms
Regulated by FSA	Limited customer support methods
	Fees charged

Is KAGAWA Legit?

　　Yes, KAGAWA (香川証券株式会社) is a fully regulated financial institution that Japan's Financial Services Agency (FSA) has given a Retail Forex License number 四国財務局長(金商)第3号.

What Can I Trade on KAGAWA?

　　KAGAWA has a lot of different financial products, such as Japanese and foreign stocks, bonds, investment trusts, REITs, ETFs, and services for structuring your estate.

Tradable Instruments	Supported
Japanese Stocks	✔
Foreign Stocks (US, Asia, Europe)	✔
Investment Trusts	✔
IPO Participation	✔
Government Bonds for Individuals	✔
Yen-Denominated Bonds	✔
Foreign Currency Bonds	✔
Structured Bonds	✔
REITs	✔
ETFs	✔
Inheritance & Gift Support	✔
Insurance Products (since 2015)	✔
Market Information Reports	✔

Account Types

　　KAGAWA has one main live account type: Securities General Account. This account is for individual investors who want to handle all of their deposits, withdrawals, and investments in one place. There is no mention of Islamic or demo accounts.

KAGAWA Fees

　　In Japan, KAGAWA's fees are usually about the same as those of other companies in the same field. Some specialist services, such processing foreign securities or margin trading fees, can end up being more expensive than cheap brokers, even when they have fair commission structures and lower prices for bigger transactions.

Fee Type	Key Details
Domestic Stock Fees	1.166% (under ¥1M) → 0.110% + ¥166,100 (over ¥50M); min ¥2,200, max ¥275,000
Convertible Bonds Fees	1.10% (under ¥1M) → 0.11% + ¥182,050 (over ¥50M); min ¥2,750, max ¥275,000
Foreign Stocks (Domestic Brokerage)	1.518% (under ¥1M) → 0.363% + ¥216,150 (over ¥50M); max ¥1,100,000
Index Futures/Options Fees	Scaled by contract value; min ¥2,750, max ¥275,000 (options)
Government Bond Futures Fees	0.0165% (under ¥500M) → 0.00275% + ¥220,000 (over ¥5B)
Safekeeping Account Fee	¥2,200/year; waived for comprehensive securities accounts and corporate customers
Foreign Securities Trading Account Fee	¥2,200/year (per account holding foreign stocks)
Stock Transfer Fees	Starts ¥1,100 for 1 unit; increases with units, capped at ¥6,600
Margin Trading Management Fee	From ¥110/month (min) up to ¥1,100/month (max)
Rights Processing in Margin Trading	¥55 per unit, no cap