【Important notice regarding risk etc.】
Please read following important matters regarding our OTC FX, OTC securities CFD and OTC commodities CFD trading (we refer to them as these trading below).
These trading can be larger in amount than the deposited margin and there are risks to incur losses depending on the movements of the underlying assets of foreign exchange, stock index futures and commoditiesetc. And these losses can exceed the amount of deposited margin.
There is a gap between the sell price and the buy price that we offer clients called spread. This spread can change depending on the market environment.


【Margin and Commission Fees】
(OTC foreign exchange margin trading)Margin: The required margin is re-calculated everyday by multiplying 4% to the notional yen amount calculated from the previous business day’s closing price based on the interbank markets.*If there are special circumstances, the company will adjust the appropriate amount of necessary margin.
Commission Fees: In the case of Premier Course, the commission fees are as follow.
6,000 yen each way for notional amount of 100,000 units of currency.5,000 yen each way for notional amount of 200,000 units of currency.4,000 yen each way for notional amount of 300,000 units of currency.3,000 yen each way for notional amount of 500,000 units of currency.2,500 yen each way for notional amount of 1,000,000 units of currency.As for the intra-day trading, the transaction fee for closing the trade is free.
In the case of Internet Trading Course, the commission fees are as follow.
300 yen each way for notional amount of 10,000 units of currency.But an additional 1,000 yen per notional amount of 10,000 will be charged if the client executes the trade through phone call due to his or her reasons.

(Over the counter securities CFD trades) Margin: Daily required margin is calculated by multiplying 10% of the notional principal to the closing price set by our company of the underlying assets such as the stock index futures of the previous business day.
Despite above, we may change the required margin each time if we judge that to be necessary.
Commission Fee: 6,000 yen each way per lot for each handled product in the premier course (inclusive of consumption tax).
Internet trading course is free of fee (but 1,000 yen per lot will be charged if the customer traded over the telephone by his or her own decision).

(Over the counter commodities CFD trades) Margin: Daily required margin is calculated by multiplying 5% of the notional principal to the closing price set by our company of the underlying assets such as the commodities futures and the spot commodities of the previous business day.Despite above, we may change the required margin each time if we judge that to be necessary.
Commission Fee: 6,000 yen each way per lot for each handled product in the premier course (inclusive of consumption tax).
Internet trading course is free of fee (but 1,000 yen per lot will be charged if the customer traded over the telephone by his or her own decision).
These trading are not eligible for cooling off.Please read carefully the Trading Manual and the Trading Terms and Conditions and make sure you understand the structures and the risks associated with the product before you start trading.