It is important to 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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Pros and cons of NOMURA
Pros:
Wide range of financial instruments and services, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, insurance, equities and fixed income trading, brokerage, underwriting, offering, secondary offering, and private placement of securities.
Free account opening, account management fees, and online service usage fees.
Access to educational resources and online webinars on various topics.
Availability of multiple deposit and withdrawal methods, including bank transfers, Nomura Card, web deposits, and foreign currency transfers.
Cons:
Limited customer support availability, with only a phone number available during certain hours and days.
Limited transparency on certain aspects such as minimum deposit requirement and maximum leverage offered.
Risk of price fluctuation, credit risks, and exchange rate fluctuation risks when trading stocks and bonds.
Currency exchange restrictions that may prevent the conversion of foreign-denominated bonds into Japanese yen.
What type of broker is NOMURA？
NOMURA is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, NOMURA acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that NOMURA has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with NOMURA or any other MM broker.
General information and regulation of NOMURA
Established on May 7, 2001, Nomura Securities Co., Ltd. is a wholly-owned subsidiary of Nomura Holdings, Inc.(NHI). Nomura Securities is a financial services group and global investment bank, mainly engaged in securities business. Nomura Securities is headquartered in Tokyo, Japan, with regional headquarters in Hong Kong, London and New York. It operates through five business divisions: retail (in Japan), global markets, investment banking, merchant banking, and asset management. Nomura Securities is regulated by the Japan Financial Services Agency (FSA), and its regulatory certificate number is 601001007037.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Market instruments
Nomura Securities offers a diverse range of financial instruments to investors, including equities, bonds, investment trusts, foreign exchange, insurance, and more. With access to both domestic and foreign markets, investors have a wide range of options for diversifying their portfolio. The capital markets arm offers comprehensive services, including equities and fixed income trading, brokerage, underwriting, offering, secondary offering, and private placement of securities. The investment banking arm also provides corporate and leveraged financing options. However, some investment products may have high fees or minimum investment requirements, and there may be limited availability of certain investment options or information on specific instrument details.
Spreads and commissions for trading with NOMURA
Nomura Securities offers competitive spreads for major currency pairs, making it an attractive option for forex traders. The cash transaction fees are also reasonable, with lower fees for online trading compared to branch trading. Additionally, there are no account opening fees, account management fees, or fees for using online services. However, there is limited transparency on the fees for other services, and the spreads for non-major currency pairs may be higher. Additionally, there are limited options for types of trading accounts and services, and there is limited information on trading costs beyond the breakdown provided on the trading screen.
Trading accounts available in NOMURA
Nomura Securities provides free account opening. However, the specific minimum deposit is not disclosed, which can be a disadvantage for some investors. Moreover, the company does not provide information on account features and benefits, which can make it difficult for investors to make informed decisions.
Trading platform(s) that NOMURA offers
Nomura Securities offers its own proprietary platform for clients to use in trading financial instruments. The platform is highly customizable and offers advanced charting capabilities, efficient order execution, and a user-friendly interface. Clients also have access to Nomura's research and analysis, which can aid in making informed trading decisions. However, the platform has limited availability for non-Japanese users and offers limited third-party integrations. Additionally, there are limited educational resources available on the platform compared to other platforms, and it has limited language options. The mobile functionality of the platform is also limited.
Maximum leverage of NOMURA
As the maximum leverage offered by NOMURA is not disclosed, it is difficult to evaluate the risk and potential profits for traders. Leverage can amplify gains, but it can also magnify losses, making it a double-edged sword in forex trading. While a high leverage ratio may allow traders to control larger positions with smaller amounts of capital, it also increases the exposure to market fluctuations and the risk of significant losses. Without knowing the maximum leverage offered by NOMURA, traders cannot assess the level of risk they are taking and may not be able to make informed decisions about their trades. It is recommended for traders to exercise caution and properly manage their positions with appropriate risk management strategies regardless of the leverage offered by their broker.
Deposit and Withdrawal: methods and fees
Nomura Securities offers several deposit options, including bank transfers, web deposits, and the use of a Nomura Card at an ATM. This provides convenience and flexibility for clients who may prefer one method over the other. Additionally, the quick deposit processing time allows clients to start trading faster. However, the withdrawal options are limited and may incur certain fees depending on the method chosen. Foreign currency transfer may take longer processing time, and the withdrawal processing time may also take longer depending on the method selected.
Accepted Countries
Nomura Securities divides its operations up into three regional areas: Americas, Asia-Pacific and Europe, Middle East & Africa (EMEA). Nomura's four business lines (global markets, investment banking, merchant banking and asset management) are coordinated globally but each European operating entity is incorporated and regulated separately.
Risks
Customers need to be alert to price fluctuation risks, credit risks and exchange rate fluctuation risks when trading stocks and bonds in order to avoid loss. In addition, due to currency exchange restrictions, bonds denominated in foreign currencies may not be converted into Japanese yen.
Educational resources in NOMURA
NOMURA offers a series of educational resources, including free online webinars on various topics. This is an advantage for traders who want to enhance their knowledge and skills in trading. These resources are easily accessible and offer flexibility in terms of when and where to access them. However, the educational resources are limited, and there is no personal coaching or mentorship provided. There is also limited interactivity and feedback, which can hinder the learning process. Additionally, advanced education is not readily available, and there is no certification or accreditation offered. Overall, the educational resources provided by NOMURA are useful for beginner traders looking to improve their trading knowledge and skills.
Customer service of NOMURA
Nomura Securities provides differentiated customer support services for registered users and visitors. Registered users have access to a dedicated customer service phone number and personalized customer support, whereas visitors do not. The customer service phone line is available weekdays from 8:40 am to 5:10 pm and weekends from 9:00 am to 5:00 pm, except for national holidays and year-end holidays. Although registered users receive attentive and knowledgeable customer service, the limited availability of customer support hours and channels, such as live chat or email, may not be sufficient for some customers.
Conclusion
Nomura Securities is a well-established and reputable brokerage firm that offers a wide range of services to its customers. It provides access to multiple markets and products, and offers educational resources to help clients make informed investment decisions. However, there are some limitations to the company's offerings, such as limited customer support and unclear information on certain aspects like minimum deposit requirements and maximum leverage offered. Overall, Nomura Securities is a solid option for investors who prioritize low-cost trading and access to a diverse range of markets and products, and who are willing to accept the potential risks associated with trading in the financial markets.
Frequently asked questions about NOMURA
Question: What is the minimum investment required to open an account with Nomura Securities？
Answer: Nomura Securities does not disclose a specific minimum deposit requirement for opening an account.
Question: Does Nomura Securities offer any educational resources for investors？
Answer: Yes, Nomura Securities provides a range of educational resources, including online webinars, to help investors make informed investment decisions.
Question: What types of customer support are available at Nomura Securities？
Answer: Nomura Securities offers customer support via phone during weekdays and weekends. However, registered users have access to more personalized support than mere visitors.
2024-03-25 03:06
2023-03-01 10:37
