What Account Types and Fees Does Okasan Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Branch Account |
Investors seeking personalized services |
Access to full range of services, personalized consulting |
Managed through nationwide sales offices, ideal for clients preferring direct support |
| Correspondence Trading Account |
Independent traders |
Self-managed trading, flexible transaction options |
Recommended for clients without nearby offices, suitable for self-directed investing |
Account Opening Process
To open a brokerage account with Okasan Securities, follow these steps: 1. Application Submission: Visit the Okasan Securities website and fill out the application form, providing personal information such as copies of your resident card and Juminhyo (residence certificate). 2. Review Period: After submitting your application, there may be a review period, which can take up to several weeks. During this time, Okasan Securities will process your application and determine your eligibility. 3. Approval Notification: Upon review, you will receive a notification regarding your account status. If approved, you can fund your account and start trading. 4. In-Person Visit (if necessary): If any issues arise or if your application is denied, you may need to visit one of their branches for assistance. Additionally, you can upgrade to a professional account later, providing flexibility in account management.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (USD/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spread for USD/JPY |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Competitive rates for stock CFDs |
| CFDs (Indices) |
0.5% |
$3 per lot |
Low-cost index trading |
| CFDs (Commodities) |
1.0% |
$4 per lot |
Standard commodity trading fees |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Other costs associated with trading at Okasan Securities include: 1. Deposit/Withdrawal Fees: Fees may apply based on the chosen payment method; bank transfers are common, but specifics vary. 2. Inactivity Fees: Accounts that remain inactive for an extended period may incur inactivity fees. 3. Platform Usage Fees: Certain advanced trading platforms may have usage fees. 4. Overnight Interest (Swap Rates): Applicable for positions held overnight; rates depend on the specific asset and market conditions. 5. Currency Conversion Fees: Fees may apply when trading in different currencies, affecting overall trading costs.
