FXForeign Exchange

Introductions to internet trading

Introductions to internet trading

Transaction Summary

Internet Trading Course Summary

We provide FX trading course by internet.
Please see below for details and enter from below to application form for account open.

Application for opening FX Trading account from here.
(Japanese Page)

Regarding business hours

Business hours

From 8 AM Monday to 6:45 AM Saturday
(From 8 AM Monday to 5:45 AM Saturday during summer time in US)

Transaction stoppage time (System Maintenance)

From 7 AM to 7:05 AM every day
(From 6 AM to 6:05 AM every day during summer time in US)

Ordering time

During the business hours except for the maintenance time.

※Business hours may change due to economic environment etc.

※Summer time period may change each year.

Regarding transactions

Initial minimum credit amount

More than 100,000 yen

Required margin

Daily margin requirement is set by multiplying 4% to the notional principal calculated from the previous day’s closing price of the interbank foreign exchange markets.
But we may change the margin requirement when we judge the change is necessary.

Trading currencies

16 currency pairs (US Dollar, Japanese Yen, Euro, British Pound, Australian Dollar,   New Zealand Dollar, Canadian Dollar, Swiss Franc)

Spread

16 currency pairs Spread
USD/JPY 3pips
EUR/JPY 7pips
GBP/JPY 7pips
AUD/JPY 7pips
NZD/JPY 7pips
CAD/JPY 7pips
CHF/JPY 7pips
EUR/USD 5pips
GBP/USD 5pips
AUD/USD 5pips
NZD/USD 5pips
USD/CAD 5pips
USD/CHF 5pips
EUR/CHF 7pips
GBP/CHF 10pips
EUR/GBP 5pips

Bid and ask price may widen due to changes in political, economic and financial environment as well as governmental and foreign exchange market restrictions, telecommunication troubles, wars and terrorism and other unexpected incidents. 
In such cases you may not be able to execute the transaction as you intended.

Commission Fees

300 yen one way per 10,000 currency

But please be aware that telephone ordering fee of 1,000 yen per one lot would be   charged for trades by phones.

Type of orders

Market Order Trade at prevailing rate immediately
Limit Order Order at better rate than prevailing rate (Buy: Below 〇〇、Sell: Above 〇〇)
Stop Loss Order Order at worse rate than prevailing rate (Buy: Above 〇〇、Sell: Below 〇〇)
IF-DONE Order Both a new order and a settlement order are dispatched simultaneously (if the new order is done, the settlement order becomes effective automatically)
OCO Order Both a limit order and a stop loss order are dispatched simultaneously (if one order is done, the other is automatically cancelled)
IFD-OCO Order A settlement order for IF-DONE order is dispatched as a OCO order (if the new order is done, two types of settlement order become effective)

Settlement maturity

None (roll-over system)

Transaction type

OTC transaction

Rate quotation

2 way quotation

Account maintenance fee

Free of charge

Alert notification (reminder mail)

City Credit Capital (Labuan) will send a reminder mail when the effective margin falls below 125% and 75% of the required margin.

※ In the case of abrupt price changes, automatic settlement may take place before   sending the reminder mail.

※ The responsibility lies with the customer if the mail is not received due to the failure to notify us of the mail address change or the designation of the domain for the mail address on the mobile phone.

※ The rate used for judging to send the reminder mail is the bid rate for long positions and ask rate for the short positions.

Loss Cut Rule

(Loss Cut Rule A)When the effective margin falls below 50% of the required margin, the outstanding   position is automatically closed until the effective margin recovers to 50% of the     required margin in order to stem further losses.

(Loss cut rule B)All or a part of the position will be automatically settled when the effective margin falls below 4% of the notional principal calculated according to the law until the effective margin recovers to above 4% of the notional principal.

※ Loss Cut Rule A does not guaranty 50% of the required margin.

※ In the case of abrupt price changes, automatic settlement may take place before sending the reminder mail.

※ The responsibility lies with the customer if the mail is not received due to the failure to notify us of the mail address change or the designation of the domain for the mail address on the mobile phone.

※ The rate used for judging to send the reminder mail is the bid rate for long positions and ask rate for the short positions.

※ When the Loss Cut Rule A is applied, there is a risk that the loss may exceed the margin due to the abrupt price movement of the market.

※ Commission fees are applicable for automatic settlements (loss cut).

Trust safe keeping

We keep custody of your cash in a trust account with Sumitomo Mitsui Bank so that you feel sense of security while trading.

Erasing of account

Customers who want to erase the account, please call our free dial at 0120-849-188 and we will start the erasing procedures.

※ If there is no margin deposit or FX positions for a certain period of time (1 month in principle), we will consider it as an application for account erasing and we will erase the account.

Regarding Tax

Profits from FX transactions are treated as a miscellaneous income and need to be declared with other incomes.

Delivery Transaction

Delivery means receiving the base foreign currency by paying a cash compensation instead of settling the position.
The base foreign currency will be transferred to the designated account.

Eligible Currency

US Dollar

Delivery fees

1.2 yen per currency unit

※ Commission fee will be required separately for a new position.

Procedures for delivery transaction

We offer delivery transaction for unsettled positions.

  • (1) Please call free dial at 0120-849-188 and ask for the application for delivery transaction. We will send the application form and the return envelope.
  • (2) We will check the application form and notify the customer of the compensation amount so that the customer can transfer the compensation to the margin account (please transfer extra amount to cover for market fluctuations).
  • (3) We will perform the delivery settlement if the transferred compensation amount is enough.
  • (4) We will deliver the foreign currency within 5 days of the delivery settlement to the designated account held by the customer.
  • (5) The details of the delivery settlement will be sent with the transaction report.
Application for opening FX Trading account from here.
(Japanese Page)

Type I and Type II Financial Instruments Business (Director-General of the Kanto Finance Bureau (FIEA) Article 236),Commodity Futures Trading Dealers (OTC commodity derivative trading)
Member Associations:Japan Securities Dealers Association,Financial Futures Association of the Japan,Type Ⅱ Financial Instruments Firms Association,Japan Commodity Futures Association,Japan Investor Protection Fund
Japan Cryptocurrency Business Association Associate member Membership number 2024

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Requests for materials are accepted through telephone.