Yamagata Forex Broker - Account Type

Yamagata Forex Broker offers a variety of trading accounts tailored to meet different investor needs. The types of accounts available include:

• General Accounts (一般口座):
• These are the least regulated accounts, providing access to a broad range of products. However, investors are responsible for all tax calculations and declarations related to capital gains.
• Designated Accounts (特定口座):
• This type automates tax calculations, making it easier for investors. There are two sub-types:
• No-Withholding Accounts (源泉徴収なし): The brokerage calculates annual taxable gains/losses and provides a transaction report, but the investor must declare gains and pay taxes.
• Withholding Accounts (源泉徴収あり): The brokerage calculates gains/losses and withholds taxes automatically, relieving the investor of the need to declare income on their tax return.
• Demo Accounts:
• Yamagata also provides demo accounts for users to practice trading without financial risk.

Yamagata Broker Account Opening Process

To open a broker account with Yamagata, follow these steps:

• Visit the Official Website: Go to Yamagata Securities.

• Complete the Application Form: Fill out the online application form. Non-Japanese citizens may need to opt for a paper application.

• Submit KYC Documents: Mail in the required Know Your Customer (KYC) documents, which typically include:

• A copy of your photo ID (e.g., drivers license or residence card).
• Your My Number card or notification card.
• Information regarding your income, assets, and employment.

• Select Account Type: Choose between a General or Designated account based on your trading needs.

• Wait for Approval: The brokerage will review your application and KYC documents. Once approved, you will be notified to fund your account.

• Fund Your Account: Transfer funds to your new brokerage account to start trading.

• Begin Trading: After funding your account, you can start trading on various financial instruments offered by Yamagata.