HOKKOKU broker Accounts

hokkoku Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

hokkoku Account Types Explained

Hokkoku Bank offers a variety of account types tailored to different user needs, including personal and corporate accounts. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ¥10,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading features, access to standard trading instruments, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ¥50,000
• Spread/Commission Structure: Tight spreads starting from 0.1 pips with a commission of ¥500 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ¥100,000
• Spread/Commission Structure: Spreads starting from 0.0 pips with a commission of ¥300 per lot.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, priority customer support, and access to exclusive market analysis.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: ¥10,000
• Spread/Commission Structure: Similar to Standard Account but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of ¥1,000,000
• Spread/Commission Structure: Similar to Standard Account.
• Leverage Options: Up to 1:100
• Key Features: Practice trading without risk, access to all trading instruments.
• Target User Profile: Beginners and traders wanting to test strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed hokkoku Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit.
• User-friendly for beginners.
• Access to educational resources.
• ECN Account:
• Tight spreads and low commissions.
• Direct market access.
• Ideal for scalping and high-frequency trading.
• Pro Account:
• Best for professional traders.
• Advanced trading tools and analysis.
• High leverage options available.
• Islamic Account:
• Complies with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Demo Account:
• Risk-free trading environment.
• Practice without financial commitment.
• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads compared to ECN and Pro accounts.
• Limited advanced features.
• ECN Account:
• Higher minimum deposit requirement.
• Commission fees may add up for frequent traders.
• Pro Account:
• Requires significant capital to start.
• Complex for beginners.
• Islamic Account:
• Limited availability of advanced features.
• May not suit all trading strategies.
• Demo Account:
• No real financial gains.
• May not reflect live trading conditions accurately.

hokkoku Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of Japan and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.
• Identity Verification Documents Needed:
• Valid government-issued ID (passport or residence card).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide documentation confirming residential address.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

• Hokkoku Bank adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All applicants must undergo identity verification to ensure compliance.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Step-by-Step hokkoku Account Opening Guide

Registration Process

1. Visit Website: Go to the Hokkoku Bank official website and click on the registration link.
2. Personal Information Entry: Fill out the required personal information form.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identity verification documents.
6. Account Verification: Wait for the bank to verify your documents.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile registration may offer a more streamlined experience with document uploads via camera.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.
• Solution: Ensure all documents are clear and legible before uploading.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is between 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through the customer support portal or by contacting customer service directly.

hokkoku Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading in a risk-free environment with a virtual balance of ¥1,000,000. It offers access to all trading instruments and features available in live accounts.

How to Open a Demo Account

• Users can open a demo account directly from the Hokkoku Bank website by selecting the demo account option and completing the registration form.

Demo Account Limitations

• Demo accounts are limited to virtual trading and do not provide real financial gains.

Virtual Balance Amount

• The demo account comes with a virtual balance of ¥1,000,000.

Demo vs Live Account Differences

• The demo account simulates trading conditions but does not reflect real market conditions, including slippage and liquidity.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but may be extended upon request.

hokkoku Islamic Account Details

Swap-Free/Islamic Account Availability

• Hokkoku Bank offers Islamic accounts that comply with Sharia law, allowing Muslim traders to engage in trading without incurring swap fees.

Eligibility Requirements

• Traders must meet the standard account opening requirements and specify their request for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur overnight swap fees, making them suitable for traders adhering to Islamic finance principles.

How to Apply for Islamic Account

• Apply for an Islamic account by selecting the option during the registration process or by contacting customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, including limited access to certain trading instruments.

FAQs – hokkoku Account Types & Opening

1. What account types does hokkoku offer？

• Hokkoku offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ¥10,000, ECN: ¥50,000, Pro: ¥100,000, Islamic: ¥10,000, Demo: ¥1,000,000.

1. How long does hokkoku account verification take？

• Verification typically takes 1-3 business days.

1. Does hokkoku offer demo accounts？

• Yes, hokkoku offers demo accounts with a virtual balance of ¥1,000,000.

1. Can I have multiple account types with hokkoku？

• Yes, you can open multiple account types.

1. Does hokkoku offer Islamic/swap-free accounts？

• Yes, hokkoku offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a hokkoku account？

• You need a valid ID, proof of address, and possibly additional documentation for professional accounts.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.