Hokuhoku Forex Broker

Hokuhoku Review SummaryFounded2016Registered Country/RegionJapanRegulationFSATrading ProductsStocks, REITs, ETFs, bonds, investment trustsTrading Platform/Minimum Deposit/Customer SupportTel: +81 076-471-8277Address: Toyama Marunouchi Building, 1-8-10 Marunouchi, Toyama City, 930-0085Hokuhoku Information Founded in 2016, Hokuhoku is a regulated broker registered in Japan, offering trading on stocks, REITs, ETFs, bonds, and investment trusts.Pros and ConsPros Cons Regulated by FSAComplex fee structureVarious trading productsMultiple account typesIs Hokuhoku Legit? Yes. Hokuhoku is licensed by FSA to offer services.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.JapanFinancial Services Authority (FSA)RegulatedHokuhoku TT Securities Co., Ltd.Retail Forex LicenseHokuriku Finance Bureau Director (Finance Merchant) No. 24What Can I Trade on Hokuhoku? Hokuhoku offers trading on stocks, REITs, ETFs, bonds, and investment trusts.Trading ProductsSupported Stocks✔REITs✔ETFs✔Bonds✔Investment trusts✔Forex❌Commodities❌Indices❌Cryptocurrencies❌Options❌Account Type Hokuhoku offers securities accounts, special accounts and NISA accounts.Hokuhoku Fees Hokuhoku charges based on different products. Stock Trading Commission Rates (stocks, ETFs, etc.)Contract Price RangeBasic Fee (Tax Included)General- Minimum fee: 2,750 yen- Under 1 million yen: 1.26500% of contract price (if < 2,750 yen, 2,750 yen)- 1 - 2 million yen: 0.93500% of contract price + 3,300 yen- 2 - 3 million yen: 0.90750% of contract price + 3,850 yen- 3 - 4 million yen: 0.85800% of contract price + 5,335 yen- 4 - 5 million yen: 0.84700% of contract price + 5,775 yen- 5 - 10 million yen: 0.72600% of contract price + 11,825 yen- 10 - 30 million yen: 0.58300% of contract price + 26,125 yen- 30 - 50 million yen: 0.27500% of contract price + 118,525 yen- Over 50 million yen: 0.08800% of contract price + 212,025 yenHokuhoku TT Direct- Minimum fee: 1,650 yen- Under 1 million yen: 0.7590% of contract price (if < 1,650 yen, 1,650 yen)- 1 - 2 million yen: 0.5190% of contract price + 1,581 yen- 2 - 3 million yen: 0.5445% of contract price + 2,311 yen- 3 - 4 million yen: 0.5426% of contract price + 3,408 yen- 4 - 5 million yen: 0.5082% of contract price + 3,464 yen- 5 - 10 million yen: 0.4390% of contract price + 7,056 yen- 10 - 30 million yen: 0.3498% of contract price + 15,675 yen- 30 - 50 million yen: 0.1550% of contract price + 71,115 yen- Over 50 million yen: 0.0528% of contract price + 127,215 yen Convertible Bonds (CB) Brokerage CommissionContract Price RangeBasic Fee (Tax Included)- Minimum fee: 2,750 yen- Under 1 million yen: 1.10000% of contract price (if < 2,750 yen, 2,750 yen)- 1 - 3 million yen: 0.9490% of contract price + 1,760 yen- 3 - 5 million yen: 0.8778% of contract price + 3,740 yen- 5 - 10 million yen: 0.7170% of contract price + 10,186 yen- 10 - 30 million yen: 0.5390% of contract price + 29,986 yen- 30 - 50 million yen: 0.3196% of contract price + 93,508 yen- Over 50 million yen: 0.1100% of contract price + 200,486 yen Commission Rates for Foreign Stocks, etc. (Domestic Agency Fees)Overseas Settlement Amount (in yen)Domestic Agency Fee (tax included)Under 1 million yen1.430% of overseas settlement amount1 - 3 million yen1.045% of overseas settlement amount + 3,850 yen3 - 5 million yen0.800% of overseas settlement amount + 8,800 yen5 - 10 million yen0.770% of overseas settlement amount + 14,300 yen10 - 30 million yen0.605% of overseas settlement amount + 30,800 yen30 - 50 million yen0.275% of overseas settlement amount + 129,800 yenOver 50 million yen0.110% of overseas settlement amount + 232,120 yen Fees for Transferring Securities Held in Custody to Other Companies via a Book - entry Transfer Institution Equities (including exchange - traded funds, ETFs, REITs, and preferred securities)Transfer Amount (per stock)Transfer Fee (tax included)1 trading unit1,100 yenFor every additional trading unit over 1 trading unit+ 550 yenUpper limit6,600 yen Convertible bondsTransfer Amount (per stock)Transfer Fee (tax included)Face value 1 million yen1,100 yenOver 1 million yen face value: For every 1 million yen increase in face value+ 550 yenUpper limit6,600 yen Exchange Fee (for exchanging yen and foreign currencies) The exchange spread varies by currency and transaction amount. For example:USD (one-way)Transaction AmountGeneralPreferential treatment (100,000 - 1 million transaction currency)Less than 100,000 transaction currency± 50 sen± 25 senEUR (one-way)Transaction AmountGeneralPreferential treatment (100,000 - 1 million transaction currency)Less than 100,000 transaction currency± 75 sen± 50 senDeposit and Withdrawal Hokuhoku accepts payments via bank transfer and real-time account transfer service.Deposit Options Deposit FeesDeposit TimeBank transfer0/Real-time account transfer service0Weekdays 9:00 - 14:00 Withdrawal Options Withdrawal Options Withdrawal FeesBank transfer0Foreign currency remittanceMitsubishi UFJ Bank Account: 3,000 yen (excluding consumption tax)Bank accounts other than those mentioned above: 4,500 yen (excluding consumption tax)