Abstract:KANETSU is a Japanese financial brokerage firm, a history dating back to 1953 when Tsutsumi Shoten and Seki Information Co., Ltd. merged to form Kanetsu Rice Co., Ltd., and in 1957, the name of the firm was changed to KANETSU SHOJI Co., Ltd.
General Information of KANETSU
KANETSU is a Japanese financial brokerage firm, a history dating back to 1953 when Tsutsumi Shoten and Seki Information Co., Ltd. merged to form Kanetsu Rice Co., Ltd., and in 1957, the name of the firm was changed to KANETSU SHOJI Co., Ltd. In 1984, the Tokyo Commodity Exchange merged and obtained a commodity dealer's license, and in 1991, it began managing the industry's first product fund, and in 1995, KANETSU began the Gold-Savings business. In 2010, the company transformed its commodity futures trading business into a brokerage business, and in 2017, it split its commodity futures trading business into a securities company and registered Commodity futures brokerage business.
Regulation
KANETSU is currently regulated by the Financial Services Agency of Japan and holds a retail foreign exchange license authorized and licensed by it, regulatory number: 7010001121795.
Main Business of KANETSU
KANETSU's main business covers commodity futures trading brokerage business, financial commodity brokerage business, precious metal trading, precious metal deposit business, and antique trading.
Futures Contract Fees of KANETSU
KANETSU has set different fees for commodity futures, stock and foreign exchange margin trading, such as 7,480 yen for gold futures standard contract, 1,650 yen for gold mini contract, 4,950 yen for a standard contract for platinum, 1,650 yen for a mini contract for platinum, 3,300 yen for palladium, and 3,740 yen for rubber (RSS3). Of the fees, 90% is the brokerage fee charged by the company, and the remaining 10% is the commission charged by the company's commodity futures dealer, Elgin Securities Company.
Margin & Fees of KANETSU
The minimum foreign exchange margin requirement set by Aikin Securities, a company affiliated with Kanetsu, is 30,000 yen, and fees are charged for each transaction, 1,100 yen (including a mediation fee of 770 yen) for face-to-face transactions and no settlement fee for daily transactions, and 220 yen (including a mediation fee of 110 yen) for online transactions.
Purchase of Gold Bars of KANETSU
Currently, there are restrictions on the purchase of gold bars and gold deposits at the company, so investors should contact the company in advance. Investors can purchase in person, by phone, or by mail. The trading hours for regular gold bars are 9:00-15:00.