General Information of Shin Securities
Shin Securities Sakamoto Inc. was first established in January 1890, changed its name to Sakamoto Securities in April 1945, and obtained a securities license under the transfer system in 1968. In 1998, the company obtained securities registration, and in 2009, it merged with Arakamachi Securities Co., and in 2004, this company changed its name to Shin Securities Sakamoto Inc. Shin Securities is currently regulated by the Financial Services Agency of Japan and holds a retail foreign exchange license authorized by the Agency under regulatory number 3220001002994.
Minimum Deposit of Shin Securities
There are seems on minimum deposit limitation on opening an account, which sounds great for invetors to get started.
Leverage of Shin Securities
There is no leverage informtion announced on Shin website, so it is unsure whether stock trading can apply the trading leverage.
Spreads of Shin Securities
Shin Securities, as a stockbroker, does not provides any spreads related information on its official website.
Main Businesses
Shin Securities' main business includes securities trading, stock index options trading, as well as brokerage, Agency, solicitation or sale of securities processing, receipt or payment of securities investment trust beneficiary certificates, redemption, and partial cancellation.
Account Opening Items of Shin Securities
When opening an account with Shin Securities, investors can open both a general securities account and a “specific account” (an account that allows customers to easily file tax returns) and a “NISA account” (which can be obtained by trading stocks and investment trusts). Shin Securities does not have a minimum capital requirement for opening an account, so investors can deposit a small amount of money upfront.
Fees of Shin Securities
When buying or selling domestic stocks (including domestic REITs and domestic ETFs), the maximum fee is 1,2650% of the contract price if the commission amount is 2,750 (including tax) yen or less, and only the purchase price if the stock is purchased through an issue, etc. When buying or selling foreign stocks, a maximum fee of 1.3915% of the transaction value will be charged (if the fee less than 5,500 yen, 5,500 yen will be charged), and if the stock is purchased through an issue, etc., only the purchase price is required. Investment trusts will be charged an application fee (some investment trusts will be redeemed), and investors will be charged trust fees during the period the investment trust is held.
