General Information& Regulation
Founded in 1918, Iwai Cosmo Securities Co., Ltd. is an established securities company that has been in business for more than 100 years. The securities company headquartered in Kansai has approximately 1.9 trillion yen in custody (as of the end of March 2021). Iwai Cosmo Securities Co., Ltd. has 33 offices nationwide, and there are 17 offices in Kansai alone. Iwai Cosmo Securities Co., Ltd is regulated by the Japan Financial Services Agency (FSA), and the regulatory certificate number is 5120001077418.
Market Instruments
Iwai Cosmo Securities Co., Ltd. provides investors with a series of trading tools, including physical inventory, margin trading, futures/options, investment trusts, foreign stocks, personal government bonds, foreign exchange, and CFDs.
Spreads & Commissions
When conducting face-to-face transactions, online transactions, or telephone transactions, the dollar/yen is 50 points, the euro/yen is 1 yen, and the pound/yen is 2 yen. In the case of face-to-face stock transactions with ordinary accounts, the commission (including tax) for contract prices below 1 million yen is (1.128% of the contract price) * 1.1, and 2,750 yen for contracts below 2750 yen. There are no fees for foreign exchange transactions.
Deposits & Withdrawals
Customers need to use a special bank account or online deposit service to deposit in advance when opening an “Internet trading” account for online trading. If customers want to withdraw funds of 10 million yen or more from Japan Post Bank, it will be divided into different transfers, each of 10 million yen. For example, in the case of a 25 million yen withdrawal from Japan Post Bank, the transfer will be divided into 10 million yen, 10 million yen, and 5 million yen.
Trading Hours
The trading time depends on the specific market. For example, in the case of foreign exchange services, transactions can be performed every day except on weekends or January 1.
Iwai Cosmo Risk
When trading stocks and bonds at Iwai Cosmo Securities Co., Ltd., customers may lose money due to the risk of price fluctuations, credit risks or exchange rate fluctuations.
