七十七証券

77 Securities
WikiStock Rating	⭐⭐⭐
Founded	2016
Registered Region	Japan
Regulatory Status	FSA
Product & Services	Domestic/foreign stocks, Investment Trust, Bond, Exchange Traded Funds etc.
Fees	Commissions for Japanese domestic stocks: 0.11-0.199% of contract price, min 2,750 yen, depending on trading volume
	Commissions for convertible bonds: 0.11-1.089% of contract price, min 2,750 yen, depending on trading volume
	Securities transfer fees: JPY 1,000-11,000
	Foreign consignment transaction fees: 0.33-1.1% of settlement price plus floating fixed rate
Customer Service	Head office: 〒980-0804, Miyagi Prefecture, Sendai City, Aoba-ku, Omachi 1-1-30 Shin-Sendai, Building 2nd Floor
	Tel: 022-398-7735 (Weekdays 9:00~15:00)

77 Securities Information

　　Founded in 2016, 77 Securities, a subsidiary of 77 Bank (established in 1878), offers a wide range of financial products including stocks, investment trusts, ETFs and bonds. Clients can conduct business directly with 77 Securities or through 77 Bank's financial instruments intermediary service.

　　Fees vary, including commissions for Japanese domestic stocks at 0.11-0.199% of the contract price (minimum 2,750 yen), commissions for convertible bonds at 0.11-1.089% of the contract price (minimum 2,750 yen), securities transfer fees ranging from JPY 1,000 to 11,000, and foreign consignment transaction fees at 0.33-1.1% of the settlement price plus a floating fixed rate etc.

　　77 Securities operates under the regulatory oversight of the Japan Financial Services Agency (FSA), holding license no. Director-General of the Tohoku Finance Bureau (Kinsho) No. 37, ensuring high standards of integrity and credibility in its operations.

　　For more detailed information, you can visit their official website: https://www.77sec.co.jp/index.html or contact their customer service directly.

Pros & Cons

　　Pros:

• Regulatory Oversight: Operates under stringent regulations of the Japan Financial Services Agency (FSA), ensuring credibility and security for clients.
• Integration with 77 Bank: Customers benefit from seamless integration with 77 Bank's financial services, providing additional convenience and reliability.
• Tax Advantages: Offers tax-efficient investment options, such as the NISA system, which exempts certain investment gains from taxation.
• Educational Resources: Provides comprehensive educational resources for beginners, facilitating informed investment decisions.
Cons:
• Limited Customer Support Channels: Relies primarily on phone and in-person consultations, lacking comprehensive support via email, live chat, or social media platforms.
• Complex Fee Structure: The fee structure, while detailed and transparent, can be complex and vary based on transaction volume and type of financial product.

Is It Safe？

　　Regulation:

　　77 Securities operates under the regulatory oversight of the Japan Financial Services Agency (FSA) with license no. Director-General of the Tohoku Finance Bureau (Kinsho) No. 37, showcasing its dedication to maintaining the utmost standards in financial operations. This regulatory adherence underscores 77 Securities's commitment to integrity and credibility in its services.



　　Safety Measures:

　　77 Securities implements stringent security measures, including a comprehensive privacy policy to protect client data and adherence to Anti-Money Laundering (AML) regulations to prevent financial crimes. These measures ensure customer assets and information remain secure, meeting regulatory standards and promoting a trustworthy investment environment.

What are Securities to Trade with 77 Securities？

　　77 Securities provides a comprehensive selection of share-related products:

　　Shares

• Listed Stocks in Japan: Clients can trade stocks listed on the Tokyo Stock Exchange, excluding securities invested by Japanese banks and foreign stocks listed on the Tokyo Stock Exchange.
• ETFs (Exchange Traded Funds): A variety of ETFs, REITs, ETNs, and preferred equity securities listed on the Tokyo Stock Exchange are available.
• REITs (Real Estate Investment Trusts): These funds, which are listed on the Tokyo Stock Exchange, invest in real estate and distribute rental income and sales profits to investors.
• Foreign Stocks: Select U.S.-listed stocks are offered, providing international investment opportunities.

　　Bonds

• Japanese Domestic Bonds: Options include convertible bonds (CBs), government bonds for individuals, business bonds, and public bonds etc.
• Foreign Bonds: A broad selection of bonds issued by foreign governments and corporations is available, including those denominated in major currencies like the U.S. dollar, Australian dollar, and New Zealand dollar, as well as bonds in emerging market currencies.
• Structured Bonds: These bonds incorporate various derivatives transactions (options, swaps, futures) and are sold via public offering. Custom products are also available to meet specific client needs.

　　Investment Trusts

　　77 Securities provides a diverse range of investment trusts to suit various investment objectives:

• Domestic Mutual Funds: In addition to products sold by 77 Bank, 77 Securities offers a wide variety of funds to cater to different customer needs.
• Foreign Mutual Funds: These funds, denominated in foreign currencies, meet the management needs of foreign currency investments.


Fees Review

　　77 Securities provides a transparent fee structure for various financial products and services.

　　Domestic Stock Trading Commissions: Fees for buying and selling Japanese stocks range from 0.11% to 1.199% of the contract price, with a minimum fee of JPY 2,750. The commission varies based on the contract amount, reaching a maximum fee of JPY 275,000 for transactions over JPY 50,000,000.



　　Convertible Bond Trading Commissions: For Japanese domestic convertible bonds, the commission ranges from 0.110% to 1.089% of the contract price, with a minimum fee of JPY 2,750 and a maximum fee of JPY 269,500, depending on the transaction volume.



　　Securities Transfer Fees: When transferring securities such as stocks and investment trusts from 77 Securities to another company, fees range from JPY 1,100 to JPY 11,000, depending on the number of units transferred.



　　Foreign Consignment Transaction Fees: These include both domestic agency fees and local commission fees. Domestic agency fees range from 0.330% to 1.100% of the settlement price plus a fixed fee ranging from 0 - JPY 218,900, with additional local commission fees, taxes, and dues determined by the foreign financial markets at the time of the transaction.



　　Domestic Over-the-Counter Transaction Fees: The required costs are included in the transaction price, with no separate fees charged to the customer.

　　Forex Spreads: Fees for exchanging yen and foreign currency vary by currency and transaction volume, with spreads ranging from 10 sen to JPY 1.00 per unit for different currencies like the US dollar, Euro, and British Pound.



　　Transfer Fees: When transferring funds to and from a 77 Securities account, fees depend on the financial institution involved and whether the transaction is in yen or foreign currency. Fees for withdrawals from 77 Securities accounts are borne by the company for transactions with 77 Bank but may incur additional charges for other financial institutions.



　　Handling Fees for Shareholder Meeting Materials: A fee of JPY 330 is charged for making an agency request for the delivery of materials for the General Meeting of Shareholders in writing.



　　This structured fee approach ensures that clients are well-informed of the costs associated with their transactions, facilitating better financial planning and investment decisions.

　　For more detailed and most updated info regarding fees, you can contact 77 Securities for direct clarification, or visit https://www.77sec.co.jp/start/commission/index.html to look up for the info you want.

Tax Systems

　　77 Securities follows the integrated financial income taxation system, where profits from listed stocks and public and corporate bonds are subject to a unified tax treatment. Since 2016, capital gains, interest, and distributions from these securities are taxed at a flat rate of 20.315%, inclusive of the special income tax for reconstruction. Specific accounts can now manage both listed stocks and public and corporate bonds, facilitating profit and loss calculation.



　　For NISA accounts, which support medium- to long-term investments, dividends and capital gains are tax-exempt, offering significant tax benefits to individual investors.



Research & Education

　　77 Securities provides robust research and educational resources to support both seasoned investors and beginners.

　　For informed decision-making, clients have access to comprehensive market reports and real-time market information such as list and ranking of funds and stocks, ensuring they stay updated with the latest market trends and data.



　　For newcomers, 77 Securities offers detailed educational resources that cover essential topics such as account opening procedures, deposit and withdrawal processes, and an overview of applicable fees.



Customer Service

　　77 Securities provides physical address and phone contact as customer service for smooth and supportive experience for its clients.

　　The head office, located at 〒980-0804, Miyagi Prefecture, Sendai City, Aoba-ku, Omachi 1-1-30 Shin-Sendai, Building 2nd Floor, is easily accessible for in-person consultations.

　　Customers can reach out via telephone at 022-398-7735 from Monday to Friday between 9:00 and 15:00 for general inquiries.

　　However, some might find such customer service channels very limited, without comprehensive supports via email, live chat or social media platforms, there is chance that customer cannot address their inquiries timely.



Frequently Asked Questions (FAQs)

• Is 77 Securities regulated by any financial authority？

　　Yes, 77 Securities operates under the regulatory oversight of the Japan Financial Services Agency (FSA) with license no. Director-General of the Tohoku Finance Bureau (Kinsho) No. 37.

• What types of products does 77 Securities provide？

　　Stocks, investment trusts, ETFs and bonds.

• Is 77 Securities suitable for beginners？

　　Yes, 77 Securities is suitable for beginners. It is well regulated by FSA and offers transparent fee structures, educational resources and market reports for investors to make informed decisions.

• What fees are involved when trading stocks through 77 Securities？

　　Fees vary based on transaction volume. For example, for domestic stocks, fees range from 0.11% to 1.199% of the contract price, with a minimum fee of 2,750 yen.

• What is the tax treatment for investments made through 77 Securities？

　　Taxation varies by investment type. Income from listed stocks and certain investment trusts can qualify for tax exemptions under the NISA system, promoting long-term investment growth.

Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.