SHIZUGIN TM Review - Is it a Good Idea to Invest through Shizuoka Bank? Is NISA Safe? - WikiFX

SHIZUGIN TM Information

SHIZUGIN TM, whose full Japanese name is Shizugin TM Securities Co., Ltd., is a financial services company operating in the securities market. The company was established in 2000 and has a wide range of business activities, including investment trusts, bonds, and stocks. The company is a subsidiary of Shizuoka Financial Group Co., Ltd., and is a member of the Japan Securities Dealers Association.

Pros and Cons

Is SHIZUGIN TM Legit?

SHIZUGIN TM is a legitimate financial services provider. It has been officially registered as a financial instruments business operator with the relevant regulatory authority, the Tokai Financial Bureau. The Financial Services Agency supervises this securities company, and its registration number is Commissioner of the Tokai Financial Bureau (Financial Instruments Business Operator) No. 10.

What Can I Trade on SHIZUGIN TM?

SHIZUGIN TM offers investment trusts, stocks, and bonds. In terms of investment trusts, it has more than 140 domestic and foreign funds, covering different asset classes such as stocks, real estate investment trusts (REITs), and bonds.

Investors can also trade Japanese stocks (including ETFs and REITs listed on the Tokyo Stock Exchange) and foreign stocks (mainly stocks listed on US markets such as the New York Stock Exchange and NASDAQ).

In addition, the bond trading options provided by SHIZUGIN TM include domestic bonds (such as ordinary corporate bonds and convertible bonds) and foreign currency-denominated bonds (in currencies like Japanese yen, US dollars, Australian dollars, etc.).

Account Type

There are different account-related services. For investment, investors can open general investment accounts to trade various financial products. In the context of NISA, there are specific investment frameworks like the つみたて investment framework and the growth investment framework, which are designed to meet the needs of different investors, especially those aiming for long - term tax - free investment growth.

SHIZUGIN TM Fees

The investment trust fees of SHIZUGIN TM include investment advisory fees, trust fees, and other expenses. For example, in the しずぎんラップ (Wells Square) service, for the Master Program, for the part of the calculation base amount that is 20 million yen or less, the fee rate is 1.320% (excluding tax, 1.20%).

As for Japanese stock trading, the fees vary depending on whether it is an online transaction or an in-store transaction. The fee structure for small-value transactions in online trading is relatively simple. For example, for a transaction amount of 1 million yen or less, the online commission is a flat 1,650 yen (excluding tax, 1,500 yen), while the in-store fees are calculated as a percentage of the transaction amount, with a minimum fee set.

In addition, there is no clear, detailed table for the fees of domestic bond trading, and the fees are charged during the trading process. For foreign currency-denominated bonds, the fees include local commissions, domestic agency fees, and local transaction taxes, which may be complicated to calculate.

Trading Platform

The SHIZUGIN TM online platform provides specific recommended operating environments for different devices (such as Windows 10/11, macOS, iOS, and Android). However, foreign stocks cannot be traded online on this platform.

The company has business outlets and a contact center to provide support for investors who prefer offline or phone-based trading and consultation services. This is particularly helpful for investors dealing with complex investment products or those who need personalized advice.

Deposit and Withdrawal

When investors open an account, Shizuoka Bank will provide a dedicated transfer-in account. Deposits must be made in the name of the account holder. In addition, with the real-time transfer service, funds can be directly transferred from the Shizuoka Bank account to the securities account.

Furthermore, investors can withdraw funds through the internet or at business outlets. Withdrawals are limited to the bank deposit account in the name of the account holder specified at the time of account opening. The bank transfer fees incurred during the withdrawal process will be borne by the company.