Ando Securities

Overview of Ando Securities

Ando Securities is a regulated financial institution based in Japan, operating under the license number 東海財務局長（金商）第1号. It is overseen by the Financial Services Agency and has been regulated since September 30, 2007. The institution offers various market instruments, including stocks, investment trusts, bonds, futures/options, and likely insurance products. They provide two types of accounts: Margin Trading Account and General Securities Trading Account, each with its own minimum deposit requirements.

Ando Securities' internet trading platform, “Chura Net 24,” enables customers to access real-time information through smartphones and PCs for trading. The institution offers educational tools and customer support services through face-to-face interactions, call centers, and online platforms.

It's important to note that some negative reviews on WikiFX have mentioned concerns related to a pyramid scheme, withdrawal issues, and doubts about the legitimacy of the platform. However, this information is based on user reviews and may not reflect the overall performance of Ando Securities.

Pros and Cons

Ando Securities, a regulated financial institution based in Japan, offers a range of pros and cons for investors. On the positive side, it provides access to various market instruments, giving investors diverse options to choose from. The company also offers educational tools to keep investors informed and provides an online trading platform, “Chura Net 24,” for access. Additionally, Ando Securities offers multiple transaction options, including face-to-face, call center, and internet transactions, catering to different customer preferences. Moreover, the company offers special orders to enhance capital efficiency. On the downside, there are complaints and concerns about potential pyramid schemes and scams, as reported on external platforms. Some customers have faced account freezes and withdrawal issues. Additionally, information about the company's insurance products is limited, and customer support operating hours are restricted. The website's expiry date is not readily available, and customer reviews are mixed, making it important for potential investors to conduct thorough research. Lastly, non-Japanese speakers may face potential language barriers when interacting with the company.

Is Ando Securities Legit？

Ando Securities, with the license number 東海財務局長（金商）第1号, is a regulated financial institution based in Japan. It holds a Retail Forex License and is overseen by the Financial Services Agency. The institution, known as 安藤証券株式会社, has been regulated since September 30, 2007. Its address is located in Nagoya City, Aichi Prefecture, and the phone number is 0529711511. Further details about the license's expiry date and website are not available.

Market Instruments

STOCK: Stocks represent ownership in a company and are traded on the stock market. Examples of stocks include those offered through an Initial Public Offering (IPO) or a public offering (PO). Additionally, Real Estate Investment Trusts (REITs) are also considered as part of the stock market instruments. Investors who own stocks may receive dividends based on the company's profits. Exchange-Traded Funds (ETFs) and Exchange-Traded Securities (ETNs) are other examples of stock-related instruments. Transactions can be conducted through face-to-face interactions, call centers, or online platforms. Margin trading is also available, allowing investors to trade with borrowed funds.

INVESTMENT TRUST: Investment trusts pool money from multiple investors to invest in a diversified portfolio of assets. Investors can choose from different classifications of investment trusts, and information on domestic investment trusts, such as MMF (Money Market Funds), is available, including yield information, best-selling rankings, and investment return rankings. Domestic investment trusts can be searched through various methods, including face-to-face interactions, call centers, and internet transactions.

BOND: Bonds are debt securities issued by governments, corporations, or other entities to raise capital. They are a form of borrowing where the issuer promises to pay back the bondholders with interest over time. Foreign bonds, denominated in foreign currencies, are also part of the market instruments. Guidance on public offerings of government bonds and information on domestic and foreign corporate bonds are available. Bond transactions can be conducted through face-to-face interactions, call centers, or online platforms.

FUTURES/OPTIONS: Futures and options are derivatives contracts that allow investors to speculate on the future price movements of assets without owning the underlying asset. Index futures and options are specifically tied to the performance of an index, such as the OSE Nikkei 225 Futures & Options. Margin is involved in trading futures and options, allowing investors to trade with leverage. Transactions can be carried out through face-to-face interactions, call centers, or internet platforms.

INSURANCE: While not specified in detail, insurance is likely part of Ando Securities' market instruments. Insurance products offer coverage and protection against various risks, providing individuals and businesses with financial security and peace of mind. Insurance policies may cover life, health, property, or other assets, and terms and conditions can vary based on individual needs and circumstances. Additional information about the types of insurance and specific offerings would be available through face-to-face interactions, call centers, or online platforms.

Account Types

Ando Securities offers two types of accounts: Margin Trading Account and General Securities Trading Account. The Margin Trading Account requires a minimum deposit of 1 million yen (for face-to-face) or 300,000 yen (for internet transactions) with a 40% consignment deposit rate. The General Securities Trading Account doesn't have a minimum deposit requirement or consignment deposit and doesn't support margin trading.

How to Open an Account？

To open an account with Ando Securities, follow these steps:

1. Click on the “Opening an Account” option on the website.

2. Provide your Individual Number (My Number) as required by tax law for financial transactions.

3. Choose the preferred method to provide your personal number:

a. Online method (recommended): Use the “SPIRAL®” service by PIPED BITS Co., Ltd. Upload your personal number confirmation documents through a screen, shortening the processing time.

b. Mail method: Send the “Notification of Individual Number” and personal number confirmation documents by specific record mail. This method may take longer to start trading.

4. Enter your personal details:

- Name (registered on the family register in katakana)

- Gender (Male/Female)

- Date of Birth (Showa/Heisei, Year, Month, Day)

- Nationality (Japan/Other country names)

- Country of Residence (Japan/Others)

- Relationship with the head of household (person/parent/spouse/child/grandchildren/Other)

5. Provide your home address and contact information:

- Postal code

- Prefecture

- County/City/Ward name

- Town/village name, street address, etc. (pronunciation in katakana)

- Home landline or mobile phone number (mobile phone number required for margin trading or futures/options trading)

- Email address for PC and mobile phone (confirmation required)

- Confirm whether you agree to receive service notifications from Ando Securities to the provided email address.

6. Verify the information for accuracy and click “Proceed to next screen” to continue.

Minimum Deposit

Ando Securities requires a minimum deposit of 1 million yen or more for face-to-face trading, with a consignment deposit rate of 40% and a consignment deposit maintenance rate of 30% of the total open interest. For internet trading, the minimum deposit is 300,000 yen or more, with the same consignment deposit rates. Listed stocks and listed investment trusts/ETFs are evaluated at 80% or less as securities in lieu of money.

Fees

Ando Securities charges various fees for their services. For face-to-face and call center transactions, the brokerage commission for domestic stocks ranges from 0.63250% to 0.085360% of the contract value, with a minimum fee of 2,750 yen. In addition, a deposit is required for the total open interest, with face-to-face trading requiring a minimum deposit of 1 million yen or more and call center trading requiring a minimum deposit of 300,000 yen or more. The buy side interest rate is 2.00%, the selling interest rate is 0.00%, and the stock lending fee is 1.15%. Management fees are calculated at 11 sen per share (110 yen if the unit share system is not applied), and a name transfer fee is also applicable.

Deposit & Withdrawl

Ando Securities offers three types of transactions for deposit and withdrawal: face-to-face transactions, call center transactions, and internet transactions. For face-to-face transactions, customers can set up a margin trading account by first opening a general securities trading account at the store. An interview will be conducted to assess the customer's investment experience and assets before proceeding with the account setup. Margin trading orders can be placed through the system after setting up a credit account, indicating whether it's cash or margin trading. The transaction fee for domestic stocks varies based on the contract amount, ranging from 0.63250% to 0.085360% of the contract value, with a minimum fee of 2,750 yen.

For call center transactions, customers need to open an “Ando Call” brokerage trading account separately. The process involves an application screening, and if approved, the necessary documents will be delivered electronically. Special orders are available for both call center and internet transactions. The deposit requirements for face-to-face and internet trading are different, with face-to-face trading requiring a minimum deposit of 1 million yen or more, while internet trading requires a minimum deposit of 300,000 yen or more. The buy side interest rate is 2.00%, the selling interest rate is 0.00%, and the stock lending fee is 1.15%. There are other miscellaneous expenses for margin transactions, including management fees, name transfer fees, and possible rental fees. The margin rate for certain leveraged and double inverse ETFs and ETNs is 30% multiplied by the indicator rate. Orders can be placed during specific order reception hours, and market trading hours vary depending on the exchange.

Trading Platforms

Ando Securities offers the internet trading platform called “Chura Net 24,” an online trading service that provides access through smartphones and PCs. Users can check real-time status anytime and anywhere. The platform offers reasonable fees and a straightforward ordering process, along with the option to use various “special orders” for improved capital efficiency.

Educational Tools

Ando Securities provides various educational tools through their notices, including updates on foreign bonds, stock information, investment trust rankings, seminars, and sponsorships. They also offer lectures on topics like New NISA and dividends. Additionally, they inform customers about special sponsorships and stock-related notices. Moreover, they have a column titled “Welcome to Tokoname,” shared by their branch in Tokoname.

Customer Support

Ando Securities provides customer support through different channels. For face-to-face transactions, customers can visit their stores during weekdays from 8:30 to 17:00. Call center transactions are available through “Ando Call” with operating hours from 8:00 to 17:00 on weekdays. For online trading, the “Chura Net 24” Support Center offers assistance and can be reached at 0120-024-005 during weekdays from 8:00 to 17:30.

Reviews

According to the reviews on WikiFX, there is one exposure in total for Ando Securities. The exposure highlights complaints related to a pyramid scheme, inability to withdraw funds, and concerns about the platform being a scam. One user, XIAOhui, reported that their account was frozen, and they are unable to access the website. The review was posted on March 21, 2021.

Conclusion

Ando Securities, as a regulated financial institution based in Japan, offers a variety of market instruments such as stocks, investment trusts, bonds, futures/options, and likely insurance products. It provides two types of accounts: Margin Trading Account and General Securities Trading Account. The platform's internet trading service, “Chura Net 24,” allows access through smartphones and PCs. Ando Securities offers educational tools and customer support through various channels. However, there are concerns raised in a review about a pyramid scheme, difficulties in fund withdrawals, and suspicions of being a scam. As with any financial institution, potential users should conduct thorough research and exercise caution before engaging in transactions.

FAQs

Q: Is Ando Securities a legitimate financial institution？

A: Yes, Ando Securities is a regulated financial institution in Japan with the license number 東海財務局長（金商）第1号. It is overseen by the Financial Services Agency and has been regulated since September 30, 2007.

Q: What market instruments does Ando Securities offer？

A: Ando Securities offers a variety of market instruments, including stocks, investment trusts, bonds, futures/options, and likely insurance products.

Q: What types of accounts does Ando Securities provide？

A: Ando Securities offers two account types: Margin Trading Account and General Securities Trading Account.

Q: What is the minimum deposit required by Ando Securities？

A: The minimum deposit for face-to-face trading is 1 million yen, and for internet trading, it is 300,000 yen.

Q: What are the fees charged by Ando Securities？

A: Ando Securities charges various fees, including brokerage commission, buy/sell interest rates, stock lending fee, management fees, and name transfer fees.

Q: How can I open an account with Ando Securities？

A: To open an account, visit the website and follow the instructions provided for providing personal information and necessary documents.

Q: What trading platform does Ando Securities offer？

A: Ando Securities offers an internet trading platform called “Chura Net 24,” accessible through smartphones and PCs.

Q: Does Ando Securities provide educational tools？

A: Yes, Ando Securities offers educational tools, including updates on foreign bonds, stock information, investment trust rankings, seminars, and sponsorships.

Q: How can I contact customer support at Ando Securities？

A: Customer support is available through face-to-face interactions at their stores, call center transactions, and the “Chura Net 24” Support Center for online trading.

Q: Are there any reviews or complaints about Ando Securities？

A: According to a review on WikiFX, there is one exposure mentioning concerns about a pyramid scheme and difficulties in fund withdrawal.