What Account Types and Fees Does Ichiyoshi Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, educational resources, and user-friendly platform |
Designed for individual traders with limited capital |
| Professional Account |
Experienced traders and institutions |
Higher leverage, reduced spreads, and advanced trading tools |
Requires proof of trading experience and minimum trade volume |
| Corporate Account |
Corporate clients and businesses |
Custom solutions, larger capital requirements, and dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Muslim traders |
Swap-free trading conditions, compliant with Sharia law |
Requires documentation to verify religious status |
| Demo Account |
All trader levels |
No real money required, practice trading strategies in a risk-free environment |
Available for all users, ideal for beginners |
Account Opening Process
To open an account with Ichiyoshi Securities, traders need to complete a series of steps:
1. Submission of Personal Information: Provide basic personal details including name, address, and contact information.
2. Employment Information: Disclose employment details to assess financial suitability.
3. Financial Information: Share financial background and investment experience to understand trading capabilities.
4. Identity Verification: Submit identification documents such as a government-issued ID and proof of address (utility bill or bank statement).
5. Account Flexibility: Users can upgrade to a professional account later if they meet the necessary trading volume or experience requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock liquidity |
| CFDs (Indices) |
0.5% |
$4 per lot |
Fees depend on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market volatility |
Other Fees
Traders should also be aware of several additional costs associated with their accounts:
– Deposit/Withdrawal Fees: Varies based on the payment method selected; bank transfers may incur charges.
– Inactivity Fees: Potential fees may apply after a period of inactivity, although details are not explicitly stated.
– Platform Usage Fees: Generally, there are no platform fees, but traders should confirm specifics with customer support.
– Overnight Interest (Swap Rates): Applicable for positions held overnight; rates depend on market conditions.
– Currency Conversion Fees: May apply when trading in a currency different from the account base currency.
