RetireJapan

Hello! I would like some assistance in suggestions for opening a brokerage account as Japan residents. Non-American, besides Interactive Brokers, something with minimal barrier entrance, and offers a comprehensive stock options with a paper trail account.

I currently hold a Rakuten account but only for NISA, does anyone know if there is a paper trade account to follow with it too?

All help appreciated.

Rakuten generates PDFs for every transaction, and also periodic statements. As does SBI Securities.

@adamu thank you for your comment. A paper trail account is a one that you can simulate a trade without actually putting your real money.

Oh like a “demo account”.

Never seen those myself, for securities accounts. (I do see them for leveraged trading accounts like CFDs and FX though.)

Just me, but I would just get started with a nominal account like 1,000 yen and view it as learning cost, should you somehow manage to lose it largely / completely. I found demo accounts to be a bit like a game and so I didn’t really take it seriously.

Ref wrote: ↑Wed Jun 28, 2023 11:47 am @adamu thank you for your comment. A paper trail account is a one that you can simulate a trade without actually putting your real money.

Not a 'Paper Trail Account'. A 'Paper Trading Account'.

You can log in to Interactive Brokers as a 'Paper Trading Account' or as a 'Live Trading Account'.
There are two buttons under the 'Trader Workstation' Logo; 'Live Trading' and 'Paper Trading'.

Tydon,
Yes it’s paper trade, thanks for noting. (I am using my phone and didn’t realise that )
With interactive broker , do I need to deposit money, I saw that they have trial period, however I’m looking into whether it a little longer? Because that is actually my issue, getting access to their platform without actually depositing any cash to it(1mil yen)
I am still in the exploration phase, tried calling their number but it’s busy, and difficult during my working hours to access them.

Again thank you.

sutebayashi wrote: ↑Wed Jun 28, 2023 12:02 pm Oh like a “demo account”.

Never seen those myself, for securities accounts. (I do see them for leveraged trading accounts like CFDs and FX though.)

Just me, but I would just get started with a nominal account like 1,000 yen and view it as learning cost, should you somehow manage to lose it largely / completely. I found demo accounts to be a bit like a game and so I didn’t really take it seriously.

Hey Sutebayashi,

Hello, thank you for your response, however the objective is not to treat it as a “game” hence why no real money is being used.

Tkydon wrote: ↑Wed Jun 28, 2023 12:19 pm

Ref wrote: ↑Wed Jun 28, 2023 11:47 am @adamu thank you for your comment. A paper trail account is a one that you can simulate a trade without actually putting your real money.

Not a 'Paper Trail Account'. A 'Paper Trading Account'.

You can log in to Interactive Brokers as a 'Paper Trading Account' or as a 'Live Trading Account'.
There are two buttons under the 'Trader Workstation' Logo; 'Live Trading' and 'Paper Trading'.

Tydon,
Yes it’s paper trade, thanks for noting. (I am using my phone and navigating this platform is a still a learning curve)
With interactive broker , do I need to deposit money, I saw that they have trial period, however I’m looking into whether it a little longer? Because that is actually my issue, getting access to their platform without actually depositing any cash to it(1mil yen)
I am still in the exploration phase, tried calling their number but it’s busy, and difficult during my working hours to access them.

Again thank you.