What Account Types and Fees Does Ando Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Access to a variety of trading products, competitive commission rates |
Minimum deposit of 300,000 JPY required for online trading |
| Professional Account |
Experienced traders |
Higher leverage options, personalized trading conditions |
Requires a higher trading volume and trading experience verification |
| Corporate Account |
Corporate clients and institutions |
Customizable trading solutions, dedicated account management |
Corporate documentation required for account opening |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Eligibility based on religious guidelines |
| Demo Account |
All traders |
Risk-free environment to practice trading |
No deposit required; suitable for skill development |
Account Opening Process
To open an account with Ando Securities, you need to follow a structured process. First, you will be required to submit personal information, including your name, contact details, and date of birth. Subsequently, you must provide employment information such as your job title and employer details. Financial information is also necessary, which may include your income and net worth. Identity verification is mandatory, requiring valid identification documents and proof of address. It is worth noting that you have the flexibility to upgrade your account to a professional level later on, depending on your trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| CFDs (Stocks) |
Variable |
0.63250%-0.085360% of contract value, min 2,750 yen |
Fees based on transaction value |
| CFDs (Indices) |
Variable |
0.63250%-0.085360% of contract value, min 2,750 yen |
Fees based on transaction value |
| CFDs (Commodities) |
Variable |
0.63250%-0.085360% of contract value, min 2,750 yen |
Fees based on transaction value |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to the trading fees, traders should be aware of other costs associated with their accounts. Deposit and withdrawal fees may apply, depending on the method used. Inactivity fees could be charged if the account remains dormant for an extended period. Additionally, platform usage fees may be applicable for specific trading tools or features. Overnight interest, known as swap rates, is relevant for margin accounts, and currency conversion fees may apply when trading in different currencies.
