KAGAWA Information
KAGAWA, founded in 1944, came from a Japanese brokerage. It is regulated by the FSA and offers a wide range of investment products including equities, investment trusts, bonds and structured products. It does not offer online trading and does not support MT4/5.
Pros and Cons
Is KAGAWA Legit?
What Can I Trade on KAGAWA?
KAGAWA offers mutual funds, foreign-currency denominated bonds, structured bonds and insurance products. In addition, there are 3,500 + Japanese stocks, foreign stocks; New share subscription; Private government bonds; Yen-denominated bonds; Real estate investment trusts and ETFs.
Account Types
KAGAWA provides the Kagawa Securities Comprehensive Securities Account: it provides all-in-one management of your assets, from deposits and withdrawals to asset management. Funds that are in the form of deposits are automatically invested in the Japanese MRF(Money Reserve Fund).
In addition, KAGAWA does not support online trading, all trading is face-to-face. Therefore, for opening an account, you can refer to the following process:
- Please contact the nearest store first.
- A consultant will come to your home or work for you.
- The responsible advisor will explain to you how to complete the application form, important matters, etc.
- Account opening is complete.
Or as follows:
- Fill in the details required to open an account online, entering customer information, desired date and time of visit, desired branch name, etc., in the form.
- The responsible consultant will contact you and visit you.
- Bring a comprehensive securities transaction application form printed with customer input data to confirm the content.
- Account opening is complete.
KAGAWA Fees
Account management fee:
- Investment in stocks, preferred investment securities, etc.:2,200 yen a year (tax included)
- Investment in foreign stocks: 2,200 yen a year (tax included)
The account management fee will be waived if the specified conditions are met. It does not charge a fee for deposits of securities or funds other than those described above.
Account Transfer Fee: Stock transfers will be charged up to 6,600 yen (tax included) per period based on the amount transferred by direct debit.
Stock trading:
- A transaction fee of 1.166% (tax included) of the maximum contract price (unit price x quantity) (2,200 yen (tax included) if the commission amount is less than 2,200 yen).
- To purchase domestic stocks through such means as issuance, only the purchase consideration is paid.
- Overseas stock consignment transactions will be subject to a transaction fee of up to 1.375% of the contract price (tax included).
Bonds: Bonds are purchased by issue, sale or other means or through a related transaction with the company, and only the purchase price is paid.
Individual Government Bonds:
- By issuing individual government bonds, only the purchase price is paid.
- When an individual's JGB is converted to interim cash, the interim redemption adjustment calculated according to the following calculation will be deducted from the face value to be sold plus accrued interest (equivalent to the amount of the first two installments of interest (before tax) x 0.79685).
Convertible bonds:
- Transactions involving the purchase or sale of convertible bonds listed on the domestic market will be subject to a transaction fee of up to 1.10% (tax included) (2,750 yen (tax included) if the commission amount is less than 2,750 yen).
- To purchase convertible bonds by means such as issuance, only the purchase consideration is paid.
Apply for an investment trust:
- Application fee: up to 3.85% of the amount applied (tax included)
- Trust fee: up to 2.618% of the total net assets of the trust property per year (tax included)
- Redemption fee: The amount of the trust property retained, up to 0.5% of the basis value applicable at the time of redemption
- Other costs: Audit fees, securities trading fees, etc., fees for storing assets abroad, etc., vary from product to product.
Trading Platform
Net de Camel is a PC and smartphone online inquiry service provided by Kagawa Securities. You can check the status of your assets anytime, anywhere on the Internet with peace of mind.
Deposit and Withdrawal
Kagawa Securities offers various payment methods. You can transfer money via bank transfer or online banking, mail a check, or deposit cash at a branch office.
