Insurance on Japanese online brokers
Posted: Tue Jun 11, 2019 2:27 am
Hi Everyone,
Just getting into opening accounts with Rakuten Securities and Monex and wondering about the insurance for these online brokers. As far as I can see on their websites, accounts are only insured to 10 million JPY (JIPF standard). Does anyone know if they have additional insurance on top of this for accounts similar to American online brokerage firms....most claim over 100 million USD insurance on accounts.
I imagine if most people are investing through these firms with their life savings, that accounts will easily go over 10 million JPY. Any thoughts/information appreciated.
Just getting into opening accounts with Rakuten Securities and Monex and wondering about the insurance for these online brokers. As far as I can see on their websites, accounts are only insured to 10 million JPY (JIPF standard). Does anyone know if they have additional insurance on top of this for accounts similar to American online brokerage firms....most claim over 100 million USD insurance on accounts.
I imagine if most people are investing through these firms with their life savings, that accounts will easily go over 10 million JPY. Any thoughts/information appreciated.