Oki Gin Account Type

Oki Gin Securities Limited offers various types of accounts for its clients, primarily focusing on foreign exchange trading services. The main account types include:

• Retail Forex Account: This account allows individuals to trade forex with leverage, enabling them to control larger positions with a smaller amount of capital.
• Investment Trust Accounts: Clients can invest in various investment trusts, with fees applicable based on the contract prices.
• Bonds Account: This account is designed for trading domestic and foreign bonds, with specific commission structures based on the transaction volume.
• OTC Trading Account: Clients can trade U.S. stocks and American Depositary Receipts (ADRs) with a minimum order size of 1 share and 100,000 yen.

Each account type has its own fee structure, risk factors, and minimum requirements based on the services provided.

Oki Gin Broker Account Opening Process

To open an account with Oki Gin Securities, clients must follow these steps:

• Open an Account with Okinawa Bank: Clients must first establish a banking relationship with Okinawa Bank, as Oki Gin is a wholly owned subsidiary of the bank.
• Referral to Oki Gin Securities: After opening a bank account, clients can be referred to Oki Gin Securities for subsequent application services.
• Application Submission: Clients need to complete an application form that includes personal information and financial details.
• Verification Process: The brokerage will verify the submitted information, which may take some time before the account is activated.
• Fund the Account: Once the account is active, clients can deposit funds, typically in Japanese yen, to start trading.
• Start Trading: After funding the account, clients can begin trading in the forex market or other financial instruments offered by Oki Gin.

It is essential for clients to understand the fees associated with each account type and the risks involved in trading.