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    Okigin

    • Japan Japan
    • 10-15 years
    • Regulated in Japan
    • Retail Forex License
    • Non MT4/5 Software
    • Suspicious Scope of Business
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    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    Okigin Securities Limited.

    Phone of the company

    --

    Customer Service Email Address

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    Company address

    --

    Pyramid scheme complaint
    Expose
    WikiFX Risk Alerts 1
    2022.05.28

    Current data shows that this broker is using Non MT4/5 Software

    • Marketing Strategy
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    Delivery Index

    Mkt. Analysis

    Material

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    Okigin

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    Financial Services Agency

    Financial Services Agency (FSA)

    The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.

    • Licensed Institution :

      おきぎん証券株式会社

      Effective Date :

      2007-09-30
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      沖縄県那覇市久米2-4-16

      Phone Number of Licensed Institution :

      098-862-6125
    • Licensed Institution Certified Documents :

      Annex1

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    Okigin

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Okigin
    * Contact number
    0086
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    *Reporting Reasons

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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Okigin · Company summary

      General Information & Regulation

      Okigin Securities Limited was established in June 1960 and the company has undergone several consolidations to become a wholly owned subsidiary of Okinawa Bank in March 2017. The company is authorized and regulated by the Japan Securities Dealers Association, and its financial instrument operator number is Okinawa General Affairs Bureau Director (Financial Instruments) No. 1. In addition, Okigin Securities is regulated by the Financial Services Agency of Japan (FSA) under license number 4360001000348.

      Market Instruments

      Okigin Securities offers investors a range of financial instruments, including domestic/foreign stocks, investment trusts, individual government bonds, foreign bonds, and structured bonds.

      Account Opening Process

      Since Okigin Securities is a wholly owned subsidiary of Okinawa Bank, if a client wishes to open a trading account with the company, he/she must first have an account with Okinawa Bank. The client can be referred to Okigin Securities by the bank for subsequent application services after the account with Okinawa Bank has been processed.

      OTC Trading

      Okigin Securities also provides OTC services for clients, with products covering mainly U.S. stocks/ADRs (American Depositary Receipts). The minimum order size is 1 share and 100,000 yen. Clients can settle in either Japanese yen or foreign currency (U.S. dollars), but deposits and withdrawals are generally made in Japanese yen. The price offered by the company to clients is set at ±2.75% of the internal reference price, while the exchange rate is set by the company as determined on the order date.

      Okigin Fees

      Okigin Securities charges clients fees for providing products and various services as needed in the course of trading. In the case of domestic stock trading, for example, the commission (including tax) to be paid for contract prices under 1 million yen is 1.210% of the contract price. Taking investment trusts as an example, when a client applies for an investment trust handled by the company or redeems part of the investment trust, the maximum application fee or redemption fee (including tax) of 3.3% of the application amount is charged. In the case of bonds, for example, the commission (including tax) to be paid for contract prices under 1 million yen is 1.045% of the contract price.

      Okigin Risks

      Every financial product carries the risk of loss due to price fluctuations, etc. For example, when buying or selling stocks, there is a risk of loss (or even exposure to the risk of loss of principal) from changes in external evaluations related to price fluctuations in the stock market, interest rate levels, exchange rates, and deterioration in the credit standing (including financial and management status) of the issuer of the securities.

      Opinions and complaints

      If clients have any comments or complaints about the company, they can give feedback through the hotline 098-862-6139. Reception hours are from Monday to Friday 9:00-17:00 (except holidays). In addition, the company has a financial ADR system to resolve complaints and disputes related to financial instruments and trading operations.

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