Japan brokers

does anyone have experience using one of the deep discount brokers in Japan?
I find IB's commission for Tokyo SE stocks too expensive.

 

If you do not have an address in Japan, you can't open an account here.

If you lived here, you could open a margin account and trade with zero
commission.

 

i have an address
which broker offers "real" zero commission?

 

ライブスター証券、

SMBC日興証券

松井証券　(if day trade)

 

these are mainstreet mom-pop shops.
whats the trick behind their zero commissions?

 

Sorry, don't really know what you mean by 'mainstreet mom-pop shops'.
I thought you were interested in deep discount brokers. Zero is as deep
as it gets.

No trick.

 

From what I see of these sites, they do seem to have Commission free offers for Margin trading (with conditions though)

松井証券、ライブスター証券 free over 3 mil yen / trade , 80 yen under that.

This link might give you an idea of what the cheapest options outside them are ( if you can navigate around the Japanese, price comparisons are about 1/3 of the way down). It will all come down to how big you are trading as to what the best deal is for you though.

http://kabukiso.com/security/itiran.html

 

http://www.smbcnikko.co.jp/service/fee/transaction.html
unconditional

http://www.live-sec.co.jp/fee/ click on 信用取引
Trades over 3 million yen, which means margin of only 1 million .

http://www.matsui.co.jp/service/d_margin/fee.html
All day trades

 

Agreed there learner!! Couldn't really complain for 80 yen a trade.