Japan brokers

blueraincap

blueraincap

does anyone have experience using one of the deep discount brokers in Japan?
I find IB's commission for Tokyo SE stocks too expensive.
 
blueraincap said:
does anyone have experience using one of the deep discount brokers in Japan?
I find IB's commission for Tokyo SE stocks too expensive.
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If you do not have an address in Japan, you can't open an account here.

If you lived here, you could open a margin account and trade with zero
commission.
 
blueraincap said:
these are mainstreet mom-pop shops.
whats the trick behind their zero commissions?
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Sorry, don't really know what you mean by 'mainstreet mom-pop shops'.
I thought you were interested in deep discount brokers. Zero is as deep
as it gets.

No trick.
 
From what I see of these sites, they do seem to have Commission free offers for Margin trading (with conditions though)

松井証券、ライブスター証券 free over 3 mil yen / trade , 80 yen under that.

This link might give you an idea of what the cheapest options outside them are ( if you can navigate around the Japanese, price comparisons are about 1/3 of the way down). It will all come down to how big you are trading as to what the best deal is for you though.

http://kabukiso.com/security/itiran.html
 
maninjapan said:
From what I see of these sites, they have Commission free offers but they all come with conditions
- trade value under 100,000 yen ( $1,000) )
- trades over 3,000,000 yen trade value
- NISA accounts
but unconditional free trades don't appear to be the norm.

This link might give you an idea of what the cheapest options are ( if you can navigate around the Japanese, price comparisons are about 1/3 of the way down). It will all come down to how big you are trading as to what the best deal is for you though.

http://kabukiso.com/security/itiran.html
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http://www.smbcnikko.co.jp/service/fee/transaction.html
unconditional

http://www.live-sec.co.jp/fee/ click on 信用取引
Trades over 3 million yen, which means margin of only 1 million .

http://www.matsui.co.jp/service/d_margin/fee.html
All day trades
 
maninjapan said:
From what I see of these sites, they do seem to have Commission free offers for Margin trading (with conditions though)

松井証券、ライブスター証券 free over 3 mil yen / trade , 80 yen under that.
QUOTE]

Pretty easy conditions to meet though. And the OP just wanted something cheaper than IB. Even if he trades under 3 mil., 80 yen per trade is almost free, isn't it?
Oh, forgot to mention that with Matsui day trades over 3 mil. are interest free too.
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