HACHIJUNI

What is HACHIJUNI？

HACHIJUNI SECURITIES Co., Ltd. is a well-established Japanese securities brokerage firm with a rich history dating back to its founding in 1949. The firm has a solid financial foundation, with a current capital of 3 billion yen and a workforce of 197 employees as of March 2020.

Headquartered in Japan, HACHIJUNI operates under the strict regulations of The Financial Services Agency (FSA), ensuring a high level of compliance and security for its clients.HACHIJUNI offers a wide range of market instruments, including stocks, bonds, investment trusts, and fund products.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros:

- Regulated by FSA: HACHIJUNI is regulated by The Financial Services Agency (FSA) in Japan, which adds a layer of security and trust for its clients. The company has been in operation since 1949 and has built a solid reputation over the years.

- Wide Range of Market Instruments: HACHIJUNI offers various market instruments including stocks, bonds, investment trusts, and fund products, providing clients with diverse investment options to choose from.

- Economical Online Trading: The firm provides online trading services with more economical fees compared to face-to-face trading. This can potentially save clients money on transaction costs, especially for smaller contracts.

Cons:

- No Demo Accounts: HACHIJUNI does not offer demo accounts, which could be a drawback for new traders who prefer to practice trading strategies before committing real funds.

- Complex Fee Structure: While online trading fees are more economical, clients still need to consider various types of fees including stock trading fees, account management fees, transfer fees, and issuance fees. These fees can add up and affect overall profitability.

- Limited Trading Hours: Although online trading is available, the hours are limited from 6:00 a.m. to 2:00 a.m. the following day. This may not suit all traders, especially those who prefer more flexible trading hours.

- Language Barrier: As a Japanese brokerage firm, language barriers could pose a challenge for non-Japanese-speaking clients who may require support or assistance in languages other than Japanese.

Is HACHIJUNI Legit or a Scam？

HACHIJUNI operates under the oversight of the Financial Services Agency (FSA), holding a Retail Forex License with License No. 関東財務局長（金商）第21号. This regulatory framework ensures that the company adheres to stringent standards and practices, providing a level of security and trust for its clients. With several years of operational experience and a track record of positive feedback from numerous customers, HACHIJUNI stands as a reputable and reliable broker in the financial industry.

Market Instruments

HACHIJUNI offers a diverse range of trading instruments, including:

- Stocks: Investors can trade shares of publicly-listed companies, allowing them to take positions in individual companies and potentially benefit from their performance and dividends.

- Bonds: HACHIJUNI provides access to various types of bonds, such as government bonds, corporate bonds, and municipal bonds. Bonds offer a fixed income stream and are often considered less volatile than stocks.

- Investment Trusts: HACHIJUNI offers investment trusts, also known as mutual funds or collective investment schemes. These funds pool money from multiple investors to invest in a diversified portfolio of assets, managed by professional fund managers.

- Fund Products: In addition to investment trusts, HACHIJUNI offers other fund products, including exchange-traded funds (ETFs) and index funds. These funds track specific market indices or sectors and provide investors with exposure to a broader range of assets.

How to Open an Account？

To open an account with HACHIJUNI, please follow these steps:

Fees

HACHIJUNI charges different types of fees including stock trading fee, account management fee, transfer fees and various issuance fees.

- Stock Trading Fee:

The fee charged for executing stock trades. The specific rate may vary depending on factors such as the type of trade (e.g., market order, limit order) and the size of the trade.

- Account Management Fee:

Domestic Account Management Fee: Free.

Foreign Account Management Fee:

- Transfer Fees: These fees are associated with transferring funds or securities into or out of your HACHIJUNI account.

- Issuance Fees: These fees are charged for various issuance services, such as issuing new shares or bonds. The amount of these fees can vary depending on the type and size of the issuance.

Learn more details trough clicking: https://www.82sec.co.jp/service/fee.php

Online Trading of HACHIJUNI SECURITIES

Online trading with Hachijuni Securities is available from 6:00 a.m. to 2:00 a.m. the following day. The fees for online trading are more economical compared to face-to-face trading. For instance, for contracts less than 1,000,000 yen, the fee is 0.63250% of the contract price (if this amount is less than 1,375 yen, it will be calculated as 1,375 yen). Contracts ranging from over 1,000,000 yen to under 1,500,000 yen incur a fee of 0.49500% of the contract price plus 1,375 yen.

Similarly, contracts over 1,500,000 yen entail a fee of 0.49500% of the contract price plus 1,375 yen. For more details on online trading fees, please consult Hachijuni Securities' official website. Additionally, the annual account management fee for online trading is 3,300 yen, including consumption tax.

Deposits & Withdrawals

Customers need to use the “Transfer to Special Account” or “Easy Transfer Service” to deposit funds to their regular securities accounts. The “82 Easy Transfer Service” offered by Hachijuni Securities streamlines the process of transferring funds between the “82 Bank Deposit Account” and the company's “Securities General Trading Account.” This service is free of any transfer fees as the company absorbs all associated costs. Clients can initiate transfers either through a simple online operation or by contacting customer service via phone, without the need for formal bank transfer procedures.

Customers who use this service must first submit an “82 Easy Transfer Service Application Form” and agree to the terms and conditions specified by Hachijuni Securities. The service operates with 82 Bank as the sole financial institution partner and allows transfers ranging from 1,000 yen to 100,000 yen per transaction.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: 0120-70-3782

Conclusion

In conclusion, HACHIJUNI SECURITIES presents itself as a reputable and well-established Japanese brokerage firm with a long history. Regulated by The FSA, HACHIJUNI offers a diverse range of market instruments, including stocks, bonds, investment trusts, and fund products, catering to a variety of investment preferences.

While investors should consider several factors before committing. These include the absence of demo accounts, various fees associated with trading, limited trading hours, and the potential language barrier for non-Japanese-speaking clients.

Frequently Asked Questions (FAQs)

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.