General Information & Regulation TACHIBANA SECURITIES CO., LTD. was established in September 1953 as a company primarily engaged in securities trading. The company is authorized and regulated by the Japan Securities Dealers Association, and its financial instrument operator number is Kanto Finance Bureau Director (Financial Instruments) No. 110. In addition, TACHIBANA SECURITIES is regulated by the Financial Services Agency of Japan (FSA) under license number 7010001049582. Market Instruments TACHIBANA SECURITIES offers investors a range of financial instruments including NISA, stocks, margin trading, investment trusts, Click 365, Nikkei 225 futures/options and other services. Click 365 & Leverage TACHIBANA SECURITIES offers its clients Click 365 trading, which is the first foreign exchange margin trading on a public exchange in Japan. It is important to note that the company does not handle “Click 365 Large” transactions. TACHIBANA Click 365 offers leverage of 25:1 according to the restrictions of the Tokyo Financial Exchange. Opening an account If a client wants to trade Click 365 and open a forex margin account, first of all he/she needs to have opened a securities account with TACHIBANA SECURITIES; secondly, he/she needs to fully understand the structure and risks of trading; finally, he/she needs to meet all the conditions set by the company in order to be eligible to open a margin account. Currency Pairs & Spreads Users can trade in 25 major currency pairs, typically 10,000 currency units at a time. A spread fee is charged for trading, for example, 0.5 pips for USDJPY, 0.5 pips for EURJPY and 1 pip for GBPJPY. Fees TACHIBANA SECURITIES charges clients fees for providing products and various services as needed during the trading process. In the case of Click 365, for example, the fee is usually 110 yen per way (tax included). In case of insufficient margin and if the margin is not deposited by the next business day, the company will charge a mandatory settlement fee of 110 yen (tax included) one way. However, TACHIBANA SECURITIES does not charge any account opening fees, management fees or position opening arrangement fees. Risks Each financial product is subject to the risk of loss due to various reasons, among which forex margin trading is subject to the risk of loss due to exchange rate fluctuations and interest rate differences between currency pairs. In some cases, losses may exceed the amount of margin deposited. Before investing, clients are required to carefully read the documents delivered before the contract is signed, fully understand the commodity/trading mechanism and risks, and make their own decision and responsibility for the transaction. Trading hours For Click 365 trading, it can be traded globally unlike stocks. This means that its market price fluctuates 24 hours a day. In general, trading is possible even on public holidays in Japan and overseas, except for Saturdays, Sundays and New Year's Day. Customer Support TACHIBANA SECURITIES offers a number of consulting services to its clients, who can contact the company by phone and e-mail for inquiries. In addition, the company has a service called “Stock Plaza”, which is a complete reservation system exclusively for the Internet.