LINE Securities Corporation is a Tokyo-based company founded in 2018, offering non-face-to-face brokerage services. Its corporate domain was registered on November 6, 2018. LINE Securities holds a retail forex license and is regulated by the Financial Services Agency (FSA) of Japan, providing investors with a range of financial products including stocks, initial public offerings (IPOs), investment trusts, and forex. The company has also introduced security token offerings (STOs), issuing digital securities using blockchain technology. The official website of LINE Securities Corporation is: https://line-sec.co.jp/media/
Corporate Background of LINE Securities:
LINE Securities Corporation is a Tokyo-based company founded in 2018, with its corporate domain registered on November 6, 2018. The company provides non-face-to-face brokerage services aimed at offering a convenient investment experience through a digital platform. The registered office is located in Nishishinagawa, Shinagawa-ku, Tokyo.
Regulatory Information of LINE Securities:
LINE Securities holds a retail forex license and is regulated by the Financial Services Agency (FSA) of Japan. This license is a regulatory authorization allowing the company to offer forex trading services to retail clients. Having obtained this license and operating under FSA supervision demonstrates compliance with the regulatory requirements and standards set by Japanese financial authorities. This assures investors that the company operates within a legal framework and adheres to necessary regulations to protect its clients' interests.
Account Registration Process at LINE Securities:
- Log in to the LINE Securities website and click the registration button
- Fill out the application form
- Submit identity verification/My Number verification documents
- Make a deposit and start trading
Account Types at LINE Securities:
LINE Securities offers different account types to meet various trading needs. The specifics are as follows:
Securities Account: This account type allows users to trade domestic stocks, engage in margin trading, participate in IPOs, and invest in investment trusts. Forex trading is not supported with this account.
Forex Account: If you wish to trade forex, a separate forex account is required. Forex trading cannot be conducted through a securities account. If you already have a securities account, there's no need to provide identity verification documents again when opening a forex account.
Please note that these account types are independent of each other, each serving different purposes. The securities account focuses on domestic stocks and related investments, while the forex account is specifically for forex trading. Also, LINE Securities does not offer a demo trading feature, so users cannot practice with virtual funds before engaging in real trading.
Trading Software of LINE Securities:
LINE Securities provides various trading platforms to cater to different traders' needs. Detailed information is as follows:
- LINE FX App:
- Overview: A mobile platform designed for convenient forex trading. Available for download from Google Play Store and Apple App Store.
- Features: User-friendly interface, real-time market information, charting tools, order placement, and account management. Suitable for users trading via smartphone.
- LINE FX Pro:
- Overview: A powerful PC trading platform offering advanced trading and charting capabilities.
- Features: Highly user-friendly, supports various technical analysis tools and indicators. Provides real-time market data, order management, and account monitoring. Suitable for experienced traders using desktop or laptop computers.
Trading Products of LINE Securities:
LINE Securities offers a variety of market instruments and products for investors, including:
Stocks: Investors can buy and sell the stocks of companies listed on the Japanese stock market through physical and margin trading.
Investment Trusts: These are collective investment schemes that pool funds from multiple investors to invest in a diversified portfolio of assets, offering professional investment management and diversified investment opportunities.
Forex: It allows investors to engage in forex trading, buying and selling currencies in the global forex market, speculating on currency price movements.
Additionally, LINE Securities mentioned the introduction of security token offerings (STOs), using blockchain technology to issue digital securities, enabling investors to invest in previously hard-to-access assets such as corporate bonds and real estate.
In summary, LINE Securities provides diversified market instruments and products to cater to different investors' preferences and goals. Investors can trade domestic stocks, participate in IPOs, invest in investment trusts, engage in forex trading, and explore new investment opportunities through STOs.
What are the Spreads, Leverage, and Commissions of LINE Securities?
Spreads: LINE Securities offers competitive spreads on currency pairs:
- Main Currency Pairs: Such as USD/JPY, EUR/USD, with spreads starting from 0.2 pips.
- Cross Currency Pairs: Such as EUR/JPY, GBP/JPY, with spreads starting from 0.5 pips.
- Exotic Currency Pairs: Emerging market currencies have wider spreads, ranging from a few pips to double-digit pips.
Spreads may be influenced by market conditions, such as liquidity and volatility.
Commissions and Fees:
- Spot Trading: Contract amount ranges from ¥50,000 to ¥3,000,000, with fees ranging from ¥55 to ¥1,070.
- Margin Trading: Commission-free.
- Interest Rates and Stock Lending Fees: Purchase interest rate is 2.80% and stock lending fee is 1.15% for selling.
What are the Deposit and Withdrawal Methods at LINE Securities?
The specific deposit and withdrawal methods at LINE Securities are not detailed on their official website. Typically, traders may be able to use various common payment methods including bank transfers, credit cards, and e-wallets for deposits and withdrawals.
Customer Support of LINE Securities:
Currently, LINE Securities supports an AI chat window for customer service.
Conclusion:
Although LINE Securities offers a wide range of financial products and convenient trading platforms, including mobile and PC applications, its transparency and customer service need further improvement. Additionally, even though it holds a retail forex license and is regulated by the FSA, investors should carefully evaluate its trading conditions and fee structure. Deposit and withdrawal methods are not transparent. Overall, LINE Securities provides diverse investment options, but it's important to fully understand its service terms and regulatory status before making a choice. Currently, LINE Securities is listed as "In-operation" on TraderKnows.
