PACRANK
REVIEW DETAILS : Towa Securities
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What is PACRANK?
PACJOBS
List
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Towa
Securities Online has built a top tier online trading service for
Japan, that is one of the leading company for the industry. It's positioning
of the site launched in Sept. 1998 has made for a high quality service
level for both new & experienced Japanese online traders. In April,
2000, there is a possibility that Towa Securities has planning to
merge with Dai-ichi securities, Taiheiyo Securities, and Universal
Securities. |
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There have been no initial systems problems since online trading began
under deregulation on October 1st, 1999. This service has proved that
Towa Securities can offer a good service in Japan with local and foreign
expertise. |
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COMPARITIVE
COST PER TRADE
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Internet orders are 4,200 yen per limit order, and
4,200 yen per market order. Telephone orders are 4,200 yen per limit
order, and 4,2000 yen for a market order. These are fixed rates for
orders up to 1,000,000 yen in value. |
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There is a strong sense of personal first time investor influence
in the current version. Easy to follow explanations are well organized.
The demo online is helpful in practicing new trading skills before
going live in the market. |
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CUSTOMER
SUPPORT SERVICES
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There is the ability to register online quickly, without a long list
of preliminary questions. FAQs cover many customer enquiries very
thoroughly. Telephone support is offered in Japanese via toll-free
support center. ( Not open 24hours currently ) |
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Overnight balances cover: Money Market Funds, TSE Listed Stocks, OTC
Stocks, Medium Term Japanese Government Securities, Convertible Stocks,
Investment Funds (4 Items) Foreign Investment Funds (2 Items). |
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All rights reserved by Pacifica K.K. March 2000
Designed by ARCH ANGEL
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