Hamagin Tokai Tokyo Securities

What's Hamagin Tokai Tokyo Securities？

Hamagin Tokai Tokyo Securities, or HTTS, is a Japanese securities firm providing brokerage, investment banking, and asset management services, offering products like Domestic Stocks, Foreign Stocks, Bond, Domestic Investment Trust, Foreign Investment Trust. It's a subsidiary of Hamagin Bank, headquartered in Tokyo, catering to individual and institutional clients.

Pros & Cons

Pros

• Regulated: Hamagin Tokai Tokyo Securities operates under the regulation of the FSA. This adds an element of credibility and trust to their operations, ensuring they abide by well-established financial standards.

• Multiple Customer Support Channels: Hamagin Tokai Tokyo Securities provides several channels for customer support including live chat, telephone, email, and social media. This could make it easier for clients to reach out with their queries or concerns.

• Multiple Account Types: Hamagin Tokai Tokyo Securities offers two account types, general securities account and special account.

Cons

• Commission charged: Unlike some brokers that offer commission-free trading, Hamagin Tokai Tokyo Securities charges a commission, which renders its services less competitive in comparison.

Is Hamagin Tokai Tokyo Securities Legit or a Scam？

• Regulatory Sight: Hamagin Tokai Tokyo Securities is currently under the regulation of Japanese Financial Services Agency (FSA, No. 関東財務局長（金商）第1977号), which adds an element of credibility and trust to their operations, ensuring they abide by well-established finances.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

Hamagin Tokai Tokyo Securities provides a comprehensive range of investment options to cater to the diverse needs and preferences of investors.

The platform offers access to Domestic Stocks, allowing investors to trade shares of companies listed on the Japanese stock market.

In addition, investors can diversify their portfolios by trading Foreign Stocks, providing exposure to international markets and companies.

For those seeking fixed income investments, Hamagin Tokai Tokyo Securities offers Bonds as a secure and stable investment option.

Investors looking for professionally managed portfolios can explore Domestic Investment Trust and Foreign Investment Trust options, which provide access to a diversified range of assets managed by expert fund managers.

Account Types

Hamagin Tokai Tokyo Securities offers investors two types of accounts: general securities account and special account. Investors are taxed annually on gains from the sale of shares, and special accounts are designed to simplify such tax procedures.

How to Open an Account？

You can check what you need to bring with you when applying to open an account and the procedure.

1. Visit a store near you. Please bring the following four items with you to your nearest store.Seal, Identity verification documents, Identification of the customer's financial institution account number, Document with personal number.

2. Fill out the account opening application form, etc.

3. Personal number.

4. Account opening completed.

Spreads & Commissions

Hamagin Tokai Tokyo Securities applies a spread to its standard exchange rates when converting between Japanese Yen and foreign currencies. The spread is based on current market prices in Tokyo's foreign exchange market. For transactions involving foreign currency-denominated securities, the spread is 50 sen per dollar for amounts less than $100,000 and 75 sen per 1 euro for amounts less than 100,000 euros. Additionally, there's a minimum fee of 2,750 yen (tax included) for stock basic commissions in branch transactions.

Deposit & Withdrawal

• Deposit with Hamagin TT Securities Card (Japan Post ATM)

Customers using the Hamagin TT Securities Card can make deposits at Japan Post ATMs.

There are no fees when making a deposit.

• Deposit by bank transfer (transfer-only account service)

When depositing (transferring) money to your “General Securities Account,” please make the transfer to “Yokohama Bank Kamome Branch.” The money will be automatically deposited into your account.

1. Please note that the account number for the transfer-only account is different from the account number for your “general securities account.”

2. As a general rule, Hamagin TT Securities will bear the fees when transferring money to Hamagin TT Securities.

3. If the transfer is made using Hamagin TT Securities' Transfer Dedicated Account Service'', there is no need to contact the customer's branch.

4. Please note that if the transfer is not completed by noon, the transfer may be processed the next business day.

• Deposit by account transfer (real-time account transfer service)

You can easily and instantly transfer funds to your Hamagin TT Securities trading account by following instructions on the online service.

1. You will need to subscribe to Hamagin TT Securities Direct and log in.

2. You must have a transaction account in your own name at the affiliated financial institution (Yokohama Bank).

3. After logging into Hamagin TT Securities Direct, please register your deposit account with the affiliated financial institution (Bank of Yokohama) in advance.

• Deposit by foreign currency remittance

The broker will refund the “remittance fee” that you paid when making the transfer. After making the transfer, please submit a copy of the statement (receipt) showing the remittance fee to us. They will deposit the “remittance fee” into your general securities account.

1. If a “remittance fee” is displayed in a foreign currency, the amount converted to yen (rounded down to the nearest yen) using the standard exchange rate on the day of remittance (mid-market rate at 10 a.m.) will be applied.

2. For instructions on how to proceed, please contact your local store or customer support center.

In terms of withdrawal, there are three different methods are available.

1. Withdrawals using Hamagin TT Securities Card (Japan Post ATM)

Customers using the Hamagin TT Securities Card can withdraw money from Japan Post Bank ATMs. There are no fees for withdrawals.When making a withdrawal, a fee may be displayed on your “usage statement,'' etc, but the ”usage fee'' will be borne by Hamagin TT Securities. There is no charge to the customer.

1. Withdrawal by wire transfer

The money will be transferred to the registered customer's savings account. Hamagin TT Securities will bear the fees for the transfer.

1. Withdrawal via foreign currency remittance

Transfer fees (remittance fees, lifting charges) will be borne by the customer.

Customer Support

Hamagin Tokai Tokyo Securities offers comprehensive customer support to its clients. This includes being available 24 hours a day, 6 days a week. Clients can reach out to Hamagin Tokai Tokyo Securities through various channels.

• Telephone: Clients can call their number 045-225-6562 for any queries.

• Live Chat: Live chat is available for clients who prefer a quick and instant response.

The company also provides its physical address, 〒220-0012 横浜市西区みなとみらい三丁目1番1号

Conclusion

In summary, Hamagin Tokai Tokyo Securities provides a variety of financial services to its clients. While it offers brokerage, investment banking, asset management, and research services, customers should be mindful of the fees and charges associated with transactions, particularly for foreign currency remittance and withdrawals.

Frequently Asked Questions (FAQs)

Question: Is Hamagin Tokai Tokyo Securities a regulated broker？

Answer: Yes, Hamagin Tokai Tokyo Securities has been regulated by FSA.

Question: What trading products does Hamagin Tokai Tokyo Securities offer？

Answer: Hamagin Tokai Tokyo Securities offers Domestic Stocks, Foreign Stocks, Bond, Domestic Investment Trust, Foreign Investment Trust.

Question: Does Hamagin Tokai Tokyo Securities offer demo account？

Answer: No.

Question: Is Hamagin Tokai Tokyo Securities a good broker for beginners？

Answer: Yes. It is a good choice for beginners because it is regulated well and offers various markets instruments.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.