What is NAGANO？
NAGANO SECURITIES Co., LTD., founded in 1900 and based in Japan, is a well-established financial institution regulated by the Financial Services Agency (FSA). With a rich history spanning over a century, NAGANO provides a range of financial services, including securities trading, investment, and advisory services, operating under the supervision of the Japanese regulatory authorities.
Pros & Cons
Pros:
No Account Management Fees: NAGANO offers the advantage of no account management fees, providing cost savings for clients, and allowing them to retain more of their investment returns.
Experienced Company: With a founding year in 1900, NAGANO boasts a long and reputable history, indicating a wealth of experience in the financial industry. This can instill confidence in clients regarding the company's expertise and reliability.
Regulated by FSA: NAGANO is regulated by the Financial Services Agency (FSA), ensuring that the company adheres to regulatory standards and operates within the legal framework, enhancing the security and trustworthiness of its services.
Cons:
Website Do Not Support English: A notable drawback is that the NAGANO website does not support English. This can pose a challenge for English-speaking clients who will face difficulties accessing comprehensive information or navigating the platform.
Need to Visit the Physical Store: You need to visit a physical store when opening an account, which is very inconvenient, especially for those who prefer online trading.
Is NAGANO Safe or Scam？
Regulatory Sight: NAGANO SECURITIES Co., LTD. is regulated by the Financial Services Agency (FSA) in Japan, holding a Retail Forex License. The company's regulatory status signifies compliance with financial regulations in Japan, ensuring that it operates within the legal framework established by the relevant authorities. The specific license details include being licensed by the Kanto Financial Bureau Chief with License No. 125.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
NAGANO SECURITIES Co., LTD. provides a range of market instruments to cater to the diverse needs of its clients. These include:
Stocks: NAGANO facilitates trading in stocks, allowing clients to buy and sell shares of publicly listed companies. This provides investors with the opportunity to participate in the equity markets and potentially benefit from the performance of individual companies.
Bonds: The platform offers access to the bond market, enabling clients to trade various types of fixed-income securities. Bonds can be attractive for investors seeking income generation and a more conservative investment approach compared to stocks.
Investment Trusts: NAGANO allows clients to invest in investment trusts, which are collective investment funds that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Investment trusts provide diversification and professional fund management.
ETFs/ETNs: Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are investment products that track the performance of an underlying index or asset. NAGANO provides access to these instruments, offering investors exposure to a broad market or specific sectors in a cost-effective manner.
J-REITs (Real Estate Investment Trusts): Clients can engage in trading J-REITs, which are investment vehicles that own and operate income-generating real estate properties. Investing in J-REITs provides exposure to the real estate market without directly owning physical properties.
Account Types
Specified Account (Withholding Tax): This account type is subject to withholding tax. Withholding tax is a deduction made by the source of income (in this case, NAGANO) before the income is paid to the account holder. It is a tax on investment income, and the amount withheld depends on the applicable tax rates.
Specified Account (No Withholding Tax): In contrast to the first type, this specified account is not subject to withholding tax. This means that the income generated in this account is paid to the account holder without any deduction for taxes at the source. It can be a more tax-efficient option for investors, depending on their individual tax situations.
General Account: The general account is a standard investment account that does not fall under the specified account categories mentioned above. Income generated in a general account is subject to relevant taxes based on the local tax regulations and the account holder's tax status.
How to Open an Account？
Prepare Required Documents:
A. If there's a photo of your face: Choose one from the following (Driver's License, Personal Number Card, Passport)
B. If there's no face photo: Choose two different types from various options (Health Insurance Cards, Copy of Residence Card, Seal Registration Certificate)
Personal Number (My Number) Confirmation Form: 1 type
Identity Verification Document: 1-2 types
My Number Confirmation Document: Choose one from the specified options (Personal Number Card, Notification Card, Copy of Residence Card with My Number listed, Delivery Seal)
Identity Verification Documents: Choose based on whether there's a photo on your face.
Financial Institution Account Proof:
Provide proof of your financial institution account, such as a passbook or cash card in your name, to receive remittances from securities accounts, stock dividends, etc.
Minor Accounts (If Applicable):
If the account is for a minor, provide the agreement regarding transactions by minors, identification documents of the person with parental authority, seal certificate, and relationship confirmation documents.
Visit NAGANO Store:
Application Processing:
Verification and Approval:
NISA Account Consideration (If Requested):
Caution About Dual Accounts:
Be cautious about dual accounts. If discovered later, purchases made using a “NISA account” may be treated as if made using a “bank account,” requiring tax declarations for dividend income, capital gains, etc.
Fees
NAGANO does not charge account management fees. However, the official website does not explicitly mention other fees, and users should exercise caution regarding potential hidden fees. To ensure a comprehensive understanding of the fee structure, users are encouraged to directly contact NAGANO's customer support or review the detailed terms and conditions provided by the broker.
Customer Support
NAGANO provides customer support through telephone contact at 026-228-3003 or 026-228-3113, with fax services available at 026-228-3004. The main store's physical address is 1448 Kita-Ishido-machi, Nagano City, Japan 380-0826. While phone communication is a viable option, users are encouraged to visit the nearest physical store for inquiries. NAGANO has multiple branches, and users can find various branch addresses on the official website. The reception time of customer support is from Monday to Friday from 9:00 - 17:00.
Conclusion
NAGANO offers a range of financial services, including securities trading, investment, and advisory services. Regulated by the Financial Services Agency (FSA), NAGANO provides clients with a trusted and experienced platform, though English language support is not available on the website. It is not very friendly to online users because it mainly accepts account opening requests offline, which means users need to go to the physical store to open an account.
Frequently Asked Questions (FAQs)
Q: Is NAGANO regulated？
A: Yes, NAGANO is regulated by the Financial Services Agency (FSA) in Japan, holding a Retail Forex License with License No. 125.
Q: Are there account management fees on NAGANO？
A: No, NAGANO does not charge account management fees.
Q: Does NAGANO support English on its website？
A: No, the NAGANO website does not support English, which may pose challenges for English-speaking users.
Q: How can I open an account online？
A: Unfortunately, users are not able to open an account online since NAGANO only accepts visits to physical stores.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
