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Marukuni

Japan|15-20 years|
Regulated in Japan|Retail Forex License|Suspicious Scope of Business|Medium potential risk|

http://www.marukuni.co.jp/

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Contact

+81 03 (3666)0922
ae7m-hsgi@asahi-net.or.jp
http://www.marukuni.co.jp/
〒103-0016 東京都中央区日本橋小網町10-2

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Contact number

Japanese

+81 03 (3666)0922

Broker Information

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Company Name

Marukuni

Company Abbreviation

Marukuni

Platform registered country and region

Japan

Company website

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Previous Detection : 2024-03-28
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Marukuni · Company Summary

Aspect Information
Company Name Marukuni
Registered Country/Area Japan
Founded Year 1933
Regulation Regulated by theFSA in Japan
Market Instruments Japanese stocks, ETFs, ETNs, REITs
Commissions Tiered based on the contract price. These range from 55% for contracts less than 4,000 yen to fixed amounts and percentages for higher values
Trading Platforms Offline trading only
Customer Support Japanese contact number: +81 03 (3666) 0922; Email: ae7m-hsgi@asahi-net.or.jp
Deposit & Withdrawal Bank transfers and facsimile (fax) transactions
Educational Resources Limited educational resources

Overview of Marukuni

Founded in Japan in 1933, Marukuni is a brokerage firm specializing in Japanese stocks. Operating under the regulatory oversight of the Financial Services Agency (FSA), it provides traders with a sense of security. Marukuni offers a diverse range of trading assets, including Japanese stocks, ETFs, ETNs, and REITs.

While its streamlined commission fee structure benefits substantial transactions, the platform lacks extensive educational resources. Offline-only trading might pose challenges for those seeking online convenience.

With a physical location in Tokyo, Marukuni allows direct consultations, emphasizing a personalized approach to support investors.

Overview of Marukuni

Is Marukuni legit or a scam?

Marukuni operates under the vigilant eye of regulatory oversight by the Financial Services Agency (FSA) in Japan. Holding a Retail Forex License, specifically License No. 関東財務局長(金商)第166号, Marukuni underscores its commitment to complying with regulatory standards.

This regulatory framework provides traders on the platform with a sense of security, knowing that the broker operates within the bounds set by the regulatory authority. The assurance of regulatory compliance can influence traders positively, fostering confidence in the platform's integrity.

Is Marukuni legit or a scam?

Pros and Cons

Pros Cons
Regulated by FSA, providing a sense of security Limited educational resources
Diverse range of Japanese stocks and investment Offline trading only, lacking the flexibility of online platforms
Streamlined commission fee structure for substantial transactions Limited payment options, accepting only bank transfers and fax
Transparent and fixed stock brokerage fees Not be suitable for investors seeking online convenience
Physical location for direct consultation and support

Pros:

  1. Regulated by FSA, providing a sense of security:

  • Marukuni operates under the regulatory oversight of the Financial Services Agency (FSA) in Japan, instilling confidence and a sense of security among traders.

2. Diverse range of Japanese stocks and investment:

  • Marukuni offers a comprehensive array of Japanese stocks and investment options, allowing investors to engage in the dynamic landscape of both local and international markets.

3. Streamlined commission fee structure for substantial transactions:

  • The commission fee structure at Marukuni is transparent and streamlined, particularly beneficial for investors engaging in substantial transactions, offering potential cost efficiency.

4. Transparent and fixed stock brokerage fees:

  • Marukuni imposes clear and fixed stock brokerage fees, providing transparency and predictability for traders in terms of transaction costs.

5. Physical location for direct consultation and support:

  • Marukuni's physical location, especially Sales Department 1 in Tokyo, allows for direct consultations and support, catering to investors who prefer face-to-face interactions.

Cons:

  1. Limited educational resources:

  • Marukuni lacks a comprehensive array of educational materials, potentially hindering the learning experience for investors seeking in-depth knowledge about trading strategies, market dynamics, and investment principles.

2. Offline trading only, lacking the flexibility of online platforms:

  • Marukuni exclusively offers offline trading services, which may limit the flexibility and convenience associated with online platforms, affecting the speed of trade execution and real-time market responsiveness.

3. Limited payment options, accepting only bank transfers and fax:

  • Marukuni has a restricted payment selection, accepting only bank transfers and fax transactions. This may pose limitations for individuals seeking a more diverse range of payment options commonly available in online trading platforms.

4. Not suitable for investors seeking online convenience:

  • Marukuni's offline trading model may not be suitable for investors accustomed to the convenience and immediacy of online platforms, potentially impacting the accessibility and ease of trading activities.

Market Instruments

Marukuni, with a specialization in Japanese stocks, offers a comprehensive array of trading assets primarily centered around Japanese stock exchanges.

The core of Marukuni's stock offerings encompasses both Japanese stocks and Japanese listed foreign stocks, providing investors with opportunities to engage in the dynamic landscape of local and international markets.

In addition to stocks, Marukuni caters to investors seeking diversified investment vehicles through Exchange Traded Funds (ETFs). These funds, listed on stock exchanges, are designed to mirror the performance of various indicators such as stock indexes, offering a strategic avenue for investors to align their portfolios with broader market trends.

Complementing this, Marukuni provides access to Exchange Traded Notes (ETNs), financial products listed on stock exchanges. ETNs derive their value from underlying indices like stock indexes, offering investors an alternative instrument to navigate market movements.

Furthermore, Marukuni extends its investment scope to Real Estate Investment Trusts (REITs), allowing investors to explore opportunities in the real estate sector. REITs, listed on stock exchanges, provide a gateway for investors to participate in the real estate market's performance.

In essence, Marukuni provides a diverse range of assets, from Japanese stocks to ETFs, ETNs, and REITs.

Market Instruments

How to Open an Account?

Opening an account with Marukuni is a straightforward process, primarily conducted offline. Here are the concrete steps to follow:

  1. Visit Marukuni's Physical Location:

    1. Head to Marukuni's designated physical location, such as Sales Department 1 at 10-2 Nihonbashi Koami-cho, Chuo-ku, Tokyo.

2. Contact or Visit Sales Department:

  • Reach out to Sales Department 1 through the provided telephone numbers (03-3668-5850 or 03-3666-2291).

  • Alternatively, directly visit the Sales Department during its operational hours.

3. Inquire About Account Opening:

  • Express your interest in opening an account with Marukuni.

  • Seek guidance on the necessary documentation and requirements for the account opening process.

4. Submit Required Documentation:

  • Prepare and submit the required documentation, which typically includes personal identification, proof of address, and any other documents specified by Marukuni.

5. Consultation with Marukuni Representatives:

  • Engage in a consultation with Marukuni representatives to discuss your investment goals, risk tolerance, and any specific requirements.

6. Verification and Account Approval:

  • Allow Marukuni to conduct the necessary verifications based on the submitted documents.

  • Once the verification process is complete, Marukuni will notify you of the account approval.

7. Fund Your Account:

  • Deposit funds into your newly approved Marukuni trading account. Details about the accepted payment methods, such as bank transfers, will be provided during the account opening process.

8. Commence Trading:

  • With a funded account, you can start engaging in offline trading activities through Marukuni.

It's crucial to note that Marukuni's account opening process may vary, and it's recommended to confirm specific requirements and procedures directly with Marukuni representatives during your inquiry or visit to their physical location.

Commission fees

Marukuni meticulously structures its commission fees, distinguishing between the General Sales Department and the Second Sales Department for Japanese listed stocks.

For the General Sales Department, fees are intricately tiered based on the contract price. These range from 55% for contracts less than 4,000 yen to fixed amounts and percentages for higher values, culminating in a tiered approach for contracts exceeding 50 million yen. The Stock Brokerage Fee Schedule for Sales Department 2 mirrors the General Sales Department but varies in percentage charges for certain contract price ranges.

General Sales Department Stock Brokerage Fee Schedule (Including 10% consumption tax) (Revised on October 1, 2005):

Contract Price Fee Calculation Method (Rounded down to the nearest yen)
Less than 4,000 yen 55% of contract price
More than 4,000 yen but less than 218,000 yen 2,750 yen
More than 218,000 yen but less than 500,000 yen 1.265% of contract price
More than 500,000 yen but less than 1 million yen 1.2265% of contract price + 192.50 yen
More than 1 million yen but less than 3 million yen 0.9504% of contract price + 2,953.50 yen
More than 3 million yen and less than 5 million yen 0.9405% of contract price + 3,250.50 yen
More than 5 million yen but less than 10 million yen 0.7161% of contract price + 14,470.50 yen
More than 10 million yen but less than 20 million yen 0.5687% of contract price + 29,210.50 yen
More than 20 million yen but less than 30 million yen 0.5368% of contract price + 35,590.50 yen
More than 30 million yen but less than 50 million yen 0.3300% of contract price + 97,630.50 yen
Over 50 million yen but less than 100 million yen 264,000 yen or more
Exceeds 100 million yen 286,000 yen or more

Stock Brokerage Fee Schedule for Sales Department 2 (Including 10% consumption tax) (Revised on October 1, 2005):

Contract Price Fee Calculation Method (Rounded down to the nearest yen)
Less than 4,000 yen 55% of contract price
More than 4,000 yen but less than 218,000 yen 2,750 yen
More than 218,000 yen but less than 1 million yen 1.2650% of contract price
More than 1 million yen but less than 5 million yen 0.9900% of contract price + 2,750 yen
More than 5 million yen but less than 10 million yen 0.7700% of contract price + 13,750 yen
More than 10 million yen but less than 30 million yen 0.6325% of contract price + 27,500 yen
More than 30 million yen but less than 50 million yen 0.4125% of contract price + 93,500 yen
Exceeds 50 million yen 299,750 yen or more
Commission fees

In addition to stock brokerage fees, Marukuni imposes fees for ancillary services. Notably, a Protection Account Management Fee is levied for holding Japanese stocks for over a month, and a Name Change Procedure Fee is applied when transferring stock certificates with varying charges based on the number of shares. A fee is also applicable for requests to purchase shares constituting less than one unit held by JASDEC.

Commission fees

Moreover, Marukuni charges fees for transferring stock certificates entrusted by customers to other securities companies through JASDEC. The amount depends on the number of units being transferred.

Considering the intricacies of Marukuni's commission fee structure, the platform is suitable for investors who engage in substantial transactions, as the tiered approach could potentially offer cost efficiency for high-value trades.

Trading Platform

Marukuni exclusively offers offline trading services, abstaining from online trading provisions.

Situated adjacent to the Tokyo Stock Exchange, Marukuni Securities Sales Department 1 serves as a physical hub for investors. The platform adopts an inclusive approach, welcoming newcomers, individuals uneasy about stock investing, those less adept at online trading.

Prospective clients are encouraged to seek consultation by contacting or visiting Sales Department 1 at 10-2 Nihonbashi Koami-cho, Chuo-ku, Tokyo, reachable via telephone at 03-3668-5850 or 03-3666-2291. A Second Sales Department, sharing the same address, can be reached at 03-3666-2292.

While the offline model offers a personalized touch, it's important to note the limitations of Marukuni's exclusive focus on offline trading. Investors accustomed to the convenience and immediacy of online platforms may find this approach less flexible, potentially impacting the speed of trade execution and real-time market responsiveness. It is advisable for prospective clients to consider their preferences and requirements carefully, weighing the advantages of personalized service against the potential limitations of offline trading.

Trading Platform

Deposit & Withdrawal

Marukuni simplifies its payment methods by exclusively accepting bank transfers and facsimile (fax) transactions. This streamlined approach aims to ensure financial transactions adhere to secure and traditional channels. Clients engaging with Marukuni are required to utilize these methods for fund transfers, emphasizing a deliberate focus on reliability and adherence to established financial practices.

This restricted payment selection may appeal to those who prefer the security and transparency associated with direct bank transfers and fax transactions, while potentially posing limitations for individuals seeking more diverse payment options commonly available in online trading platforms.

Customer Support

Marukuni provides customer support primarily through its Japanese contact number, which is +81 03 (3666) 0922. Users seeking assistance or information can reach out to the dedicated support team through this phone line.

Additionally, an alternative mode of contact is available via email at ae7m-hsgi@asahi-net.or.jp. These contact channels aim to facilitate effective communication for users with inquiries or support needs, emphasizing accessibility for a diverse range of queries related to the platform's services.

Customer Support

Conclusion

In conclusion, Marukuni, established in 1933 and regulated by the Financial Services Agency in Japan, stands as a traditional brokerage firm offering a diverse range of trading assets, predominantly focused on Japanese stocks. The advantage lies in its transparent commission fee structure for Japanese listed stocks, providing traders with predictability and potentially cost-effective solutions for substantial transactions. Additionally, its physical location allows direct consultations, appealing to investors who value face-to-face interactions.

However, Marukuni has notable disadvantages. The platform's exclusive reliance on offline trading may deter those seeking the flexibility and convenience of online platforms. Limited educational resources pose challenges for investors looking to enhance their market knowledge. Moreover, the stringent payment method, accepting only bank transfers and fax transactions, may limit accessibility for users accustomed to a broader range of payment options.

FAQs

Q: How can I open an account with Marukuni?

A: Visit Marukuni's designated physical location, inquire about account opening, submit required documentation, undergo verification, and fund your account.

Q: What trading assets does Marukuni offer?

A: Marukuni specializes in Japanese stocks and provides access to ETFs, ETNs, and REITs, offering a diverse investment portfolio.

Q: What is Marukuni's commission fee structure?

A: Marukuni has a transparent commission fee structure for Japanese listed stocks, with tiered rates based on contract price.

Q: Does Marukuni provide online trading services?

A: No, Marukuni exclusively offers offline trading services with a focus on face-to-face consultations at its physical locations.

Q: How can I contact Marukuni's customer support?

A: Reach Marukuni's customer support through the Japanese contact number +81 03 (3666) 0922 or via email at ae7m-hsgi@asahi-net.or.jp.

Q: Are there educational resources available on Marukuni's platform?

A: Marukuni has limited in-house educational resources; investors are encouraged to supplement their learning from external sources.

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chabgeble
more than one year
I started with Marukuni by depositing $500 and made a little profit initially. They allowed me to withdraw, but when I deposited more, they refused withdrawals and insisted on a higher margin.
2023-12-22 14:17
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