Shikoku Account Type

　　Shikoku offers various types of trading accounts to cater to different investor needs. The primary accounts available are:

• General Account (一般口座):
• Least regulated type of account.
• Provides access to a broad range of financial products.
• Investors are responsible for all tax calculations and declarations related to capital gains.
• Designated Account (特定口座):
• More regulated and automates tax calculations.
• There are two sub-types:
• No-Withholding Account (源泉徴収なし): Brokerage calculates annual taxable gains/losses and provides a transaction report, but the account holder must declare gains.
• Withholding Account (源泉徴収あり): Brokerage calculates gains/losses and withholds tax at the time of each taxable event, eliminating the need for the account holder to declare income.

　　

Shikoku Broker Account Opening Process

　　Opening a broker account with Shikoku involves the following steps:

• 　　Choose Account Type: Decide between a General Account or a Designated Account based on your investment strategy and tax preferences.

• 　　Complete Application: Fill out the application form online. If you are a non-Japanese citizen, you may need to complete a paper application due to KYC (Know Your Customer) regulations.

• 　　Submit KYC Documents: Provide necessary identification documents, such as a photo ID and your My Number card, to verify your identity.

• 　　Account Approval: Wait for the brokerage to process your application. This may take some time depending on the completeness of your submission.

• 　　Fund Your Account: Once approved, deposit funds into your Shikoku account to begin trading.

• 　　Start Trading: Access various financial instruments including forex, CFDs, commodities, and indices available on the Shikoku platform.

　　For more information, you can visit Shikoku's official site: Shikoku Brokers