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Okasan Niigata

Japan|15-20 years|
Retail Forex License|Medium potential risk|

https://www.okasan-niigata.co.jp/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Japan 3.85

Surpassed 79.80% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://www.okasan-niigata.co.jp/
〒940-0062 新潟県長岡市大手通1丁目5番地5

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Previous Detection : 2024-11-02
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Okasan Niigata · WikiFX Survey
A Visit to 岡三にいかた証券in Japan - Office Found
Japan

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Okasan Niigata · Company Summary

Aspect Details
Registered Country Japan
Founded Year 1899
Company Name Okasan Niigata
Regulation Supervised by the Financial Services Agency (FSA) of Japan, certificate number 8110001023502
Services Brokerage of securities sales, underwriting, handling offers and sales, related operations, insurance solicitation
Spreads and Commissions Spreads: ±50 sen for USD, ±1 yen for EUR, ±2 yen for GBP, ±20 sen for RMB, ±0.2 sen for KRW; Commission: 1.265% for stock transactions under 1 million yen
Customer Support Dedicated phone consultation at 0258-35-0290

Overview

Okasan Niigata, established in 1899 and based in Japan, is a financial services company regulated by the Financial Services Agency (FSA) of Japan, holding certificate number 8110001023502. The company offers a range of services including brokerage of securities sales, underwriting, and insurance solicitation. Okasan Niigata applies specific spreads and commissions for currency and stock transactions, providing transparent pricing for its clients. Additionally, it offers dedicated customer support via phone consultation, ensuring reliable assistance for its clients' needs.

Overview

Regulation

Okasan Niigata operates under the supervision of the Financial Services Agency (FSA) of Japan. The firm holds a regulatory certificate, evidencing its compliance with financial regulations. The certificate number issued by the FSA is 8110001023502.

Regulation

Pros and Cons

Okasan Niigata offers a comprehensive range of financial services with robust regulatory compliance, providing transparency in spreads and commissions for international trading. However, potential limitations might arise from the specificity of their commission structure which may not be as competitive for larger transactions.

Pros Cons
  • Regulated by the Financial Services Agency of Japan
  • Commission structure may not favor larger transactions
  • Offers a wide range of financial services including securities brokerage, underwriting, and insurance solicitation
  • Limited to services described, may not cover all potential financial needs
  • Transparent pricing with detailed spreads and commissions
  • Fixed spreads may not be the most competitive in fluctuating markets
  • Dedicated customer support via direct phone consultation
  • Focus primarily on Japanese markets may limit international clients
  • Compliance with financial regulations ensures reliability and trust

Services

Okasan Niigata is engaged in a variety of financial services and operations. The main businesses include:

  1. Brokerage of Securities Sales: Assisting clients in buying and selling securities through various market platforms.

  2. Underwriting and Sales: Participating in the issuance and sale of securities, serving as an intermediary between issuers and investors.

  3. Handling Offers and Sales: Managing the offer and sale process for securities, including coordination and execution of transactions.

  4. Related Operations: Performing additional tasks related to the primary services such as financial advising, market analysis, and regulatory compliance.

  5. Insurance Solicitation: Offering and advising on various insurance products as part of financial planning services.

Services

Spreads and Commissions

Okasan Niigata applies specific spreads and commissions for trading foreign bonds, stocks, and investment trusts, which vary depending on the currency and transaction type:

Exchange Rate and Spreads:

  1. US Dollar: The spread applied is ±50 sen.

  2. Euro: The spread applied is ±1 yen.

  3. British Pound: The spread applied is ±2 yen.

  4. Chinese Renminbi (RMB): The spread applied is ±20 sen.

  5. Korean Won: The spread applied is ±0.2 sen.

For transactions involving currency exchange:

  • When converting Japanese Yen to a foreign currency, the standard exchange rate plus the spread is used.

  • When exchanging foreign currency back to Japanese Yen, the spread is subtracted from the standard exchange rate.

Commissions on Stock Trading:

  • For stock transactions where the contract price is 1 million yen or less, the commission charged is 1.265% of the contract price.

These rates and policies ensure that costs are transparent for customers engaging in international trading activities.

Spreads and Commissions

Customer Support

Okasan Niigata provides customer support through a dedicated consultation service. Clients with questions or concerns about their investments or any related services can contact the firm directly by calling the following phone number: 0258-35-0290. This allows clients to receive personalized assistance and address any issues they might encounter in their dealings with the firm.

Conclusion

In conclusion, Okasan Niigata offers a comprehensive suite of financial services regulated by the Financial Services Agency of Japan. The firm facilitates securities trading, underwriting, and insurance solicitation with clear pricing structures for spreads and commissions that accommodate a range of international currencies. Clients benefit from accessible customer support, ensuring they have the necessary resources to manage and address their financial needs effectively.

FAQs

Q1: What regulatory body supervises Okasan Niigata?

A1: Okasan Niigata is supervised by the Financial Services Agency (FSA) of Japan.

Q2: What are the main services provided by Okasan Niigata?

A2: Okasan Niigata offers services including brokerage of securities sales, underwriting, sales handling, and insurance solicitation.

Q3: How does Okasan Niigata handle currency exchange in trading?

A3: The firm uses a standard exchange rate plus or minus a spread, depending on whether Japanese Yen is being converted to a foreign currency or vice versa.

Q4: What are the commission charges for stock transactions at Okasan Niigata?

A4: For stock transactions where the contract price is 1 million yen or less, the commission charged is 1.265% of the contract price.

Q5: How can clients reach Okasan Niigata for support?

A5: Clients can contact Okasan Niigata for support by calling their dedicated consultation service at 0258-35-0290.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Broker Information

Company Name

Okasan Niigata Securities Co.,Ltd.

Abbreviation

Okasan Niigata

Regulatory Status

Regulated

Platform registered country and region

Japan

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

  • The first type of financial commodity dealer

Phone of the company

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Company address
  • 〒940-0062 新潟県長岡市大手通1丁目5番地5

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Customer Service Email Address

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Company Summary

Review

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