Hoxsin Bussan

Overview of Hoxsin Bussan

Hoxsin Bussan, regulated by Japan's Financial Services Agency (FSA), is a specialized commodity futures broker offering diverse markets like precious metals, energy, and agricultural products. Their competitive edge lies in low trading fees, multiple trading platforms (Presto, D-station, D-touch), and comprehensive educational resources. Additionally, efficient customer support and streamlined deposit/withdrawal processes enhance the trading experience.

Hoxsin caters to both individual and corporate clients with two account types each: Self-Course (for self-directed traders) and Premium Online Trading (for those needing additional support). Account opening is user-friendly. However, the lack of transparent leverage information and a focus limited to commodity futures may be drawbacks for some traders. Being a Japanese firm, language could be a barrier for non-Japanese speakers.

Regulatory Status

Hoxsin Bussan is authorized and regulated by the Financial Services Agency (FSA) in Japan, with registration number 関東財務局長(金商)第3184号.

Pros and Cons

Hoxsin's low trading fees, particularly beneficial for frequent traders and those focused on smaller contracts, make it a cost-effective option. The availability of multiple trading platforms ensures flexibility and accessibility across devices, accommodating diverse user preferences. Furthermore, Hoxsin's commitment to trader education is evident in its diverse resources. Additionally, the broker provides strong customer support with extended hours and various contact channels, ensuring timely assistance. Lastly, efficient online deposits and withdrawals contribute to a seamless trading experience.

However, information about leverage ratios is not readily available on the website, requiring potential clients to seek clarification through customer support. Additionally, Hoxsin's primary focus on commodity futures might limit its appeal to traders interested in other asset classes like forex or stocks. Lastly, being a Japanese company, language barriers may arise for non-Japanese speaking clients who may find some content and support services primarily available in Japanese.

Market Instruments

Hoxsin Bussan Co., Ltd. is a Japan-based broker specializing in commodity futures trading. Their offerings include precious metals like gold and platinum, energy commodities such as crude oil, and various agricultural products. Detailed information about each commodity, including historical price data and trading volumes, is available on their website under the market instruments section.

Account Types

Hoxsin offers two account types tailored for individual traders: Self-Course and Premium Online Trading. The Self-Course account caters to self-directed traders, providing essential trading tools and lower fees, making it ideal for those who prefer autonomy in their trading decisions. On the other hand, the Premium Online Trading account is designed for traders seeking more diverse support. It includes dedicated analyst support, exclusive trading tools, enhanced trading platforms, and premium research reports.

For corporate clients, Hoxsin offers similar options: Corporate Self-Course and Corporate Premium Online Trading accounts. The Corporate Self-Course account mirrors the individual Self-Course account but with corporate-level support and tools tailored for corporate use. Meanwhile, the Corporate Premium Online Trading account provides a dedicated corporate analyst, premium tools, customized trading platforms, and detailed market analysis.

Account Opening Process

The account opening process at Hoxsin is designed to be simple and efficient. Heres a step-by-step overview:

1. Online Application: Prospective clients need to fill out an online application form available on the Hoxsin website. This form requires basic personal information and details about trading experience.

2. Document Submission: Applicants must submit identification documents, such as a passport or driver's license, and proof of address. These documents can be uploaded directly through the online portal.

3. Verification: Once the application and documents are submitted, Hoxsins compliance team reviews them. The verification process is typically completed within two business days.

4. Account Activation: After successful verification, the account is activated, and clients can start trading immediately. Hoxsin provides detailed instructions and support throughout the process, ensuring a smooth and hassle-free experience.

Leverage

Hoxsin offers leverage, but the specific ratios vary based on the type of instrument and regulatory guidelines. For precise leverage ratios applicable to different commodities, traders are advised to contact Hoxsins customer support or refer to the detailed terms provided during the account opening process.

Trading Fees

Hoxsin Bussan provides a transparent and structured commission system for both their Self-Course and Premium Online Trading options. The Self-Course offers low commissions aimed at self-directed traders looking to minimize costs, while the Premium Online Trading course provides additional services and support at a higher commission rate.

1. Commission rates for the Self-Course: Fee structure for futures and options trading is tiered, with a standard rate of 172.5 yen (including tax) per transaction. However, smaller contracts and those nearing expiration benefit from a reduced rate of 40.5 yen (including tax) per transaction. Additionally, frequent traders can take advantage of the “Heavy Rotation Discount,” which offers further reductions for those executing a high volume of trades within a short period.

1. Commission structure for Premium Online Trading: Hoxsin's Premium Online Trading account offers standard futures and options trading at a commission rate of 385 yen (including tax) per transaction. Premium account holders benefit from dedicated analyst support, providing tailored advice and market insights, as well as access to exclusive trading tools and market reports not available to Self-Course traders.

Trading Platform and Tools

Hoxsin offers a suite of advanced trading platforms and tools to meet the diverse needs of its clients. These platforms include:

1. Presto: A comprehensive trading platform for PCs and tablets, Presto offers robust features such as real-time market data, multiple order types, and advanced charting tools. It is suitable for professional traders who require a high level of functionality and customization.

1. D-station: Similar to Presto, D-station is designed for both PCs and tablets. It provides a user-friendly interface with powerful trading tools, making it accessible to both novice and experienced traders.

1. D-touch: A mobile trading application designed for smartphones, D-touch allows traders to manage their trades on the go. It offers essential trading features, including real-time quotes, order placement, and account management.

Hoxsin also provides two distinct tools to aid traders in their decision-making process:

1. DIAS Pro: An advanced analytical tool that provides over 40 types of technical analyses, DIAS Pro is ideal for traders who rely heavily on technical analysis for their trading decisions. It includes features such as trend analysis, pattern recognition, and customizable indicators.

2. Platinum Page: This exclusive tool provides a wide range of commodity futures trading information, such as latest major product trends, market tables, and various reports.

Deposit and Withdrawal

Hoxsin provides multiple methods for deposits and withdrawals, ensuring convenience and flexibility for its clients:

1. Deposit: Hoxsin offers bank transfers and online deposits. For bank transfers, detailed instructions and bank details are available on the Hoxsin website, guiding clients through the process. Alternatively, clients can utilize the quick online deposit option, accessible 24/7, to instantly fund their accounts through a secure online portal.

1. Withdrawals: The withdrawal process is efficient, with requests processed within one business day. There are no additional fees for withdrawals, and funds can be transferred to the clients bank account or other specified accounts.

Customer Support Options

Hoxsin Bussan offers robust customer support through various channels available on work days from 09:00 to 18:00 (GMT+2):

1. Phone Support: 03-3668-8111, available weekdays 8:30-17:30 for immediate assistance.

2. Email Support: For detailed inquiries and support requests through email (customer@Hoxsin.co.jp).

3. Inquiry Form: Hoxsin Bussan provides an online Inquiry Form to cater to the diverse needs of customers.

Educational Resources

Education is a key focus at Hoxsin, and they offer a comprehensive range of resources to help traders improve their skills and knowledge:

1. Beginner Guides: Hoxsin provides detailed guides on commodity futures trading, covering the basics of the market, trading strategies, and risk management techniques.

1. Practical Trading Examples: To help traders apply theoretical knowledge, Hoxsin provides practical trading examples and case studies.

1. FAQs: Hoxsin also offers a FAQs section to give answers to questions about fee, account, etc.

1. Research Reports: Clients have access to exclusive research reports and market analysis from Hoxsins team of analysts. These reports cover a wide range of topics, including economic indicators, commodity trends, and trading opportunities.

Conclusion

In conclusion, Hoxsin Bussan presents a compelling option for traders interested in commodity futures, particularly those prioritizing low fees and various educational resources. Its diverse trading platforms and strong customer support further enhance the trading experience. However, the lack of transparent leverage information and a focus solely on commodity futures might not suit all traders. Additionally, the potential language barrier for non-Japanese speakers could pose a challenge.

FAQs

Q: What trading platforms does Hoxsin offer？

A: Hoxsin provides multiple trading platforms to suit different needs: Presto and D-station for comprehensive desktop/tablet trading, D-touch for mobile trading, and DIAS Pro for advanced technical analysis.

Q: What are the account types offered by Hoxsin？

A: Hoxsin offers two account types for individual traders: Self-Course for independent traders seeking low fees and Premium Online Trading for those who desire additional support and resources. Corporate clients have similar options tailored to their needs.

Q: How can I deposit or withdraw funds from my Hoxsin account？

A: Hoxsin supports bank transfers, quick online deposits, and efficient withdrawals processed within one business day.

Q: What kind of educational resources does Hoxsin offer？

A: Hoxsin provides extensive educational resources including beginner guides, practical trading examples, FAQs, and research reports from their team of analysts.

Q: What are the trading fees like at Hoxsin？

A: Hoxsin offers competitive trading fees, especially for frequent traders and those trading smaller contracts. The fee structure varies between Self-Course and Premium Online Trading accounts, with the latter offering additional services at a higher rate.