Three steps. No exceptions.

Step 01 · Account intake

Every account starts with a five-minute online form. Personal details, tax status, trading experience, investment objective. We serve Japanese retail traders, institutional accounts and independent desks.

We then verify identity under Japan's Act on Prevention of Transfer of Criminal Proceeds. Instant e-KYC for Japanese residents with a My Number card. Non-residents provide a driver's licence or passport plus proof of address.

Step 02 · Mandate execution

Once funded, orders come in through one of three channels: the multi-asset workstation, the REST/WebSocket API, or a named desk trader. Every fill carries a millisecond timestamp, an order ID, the venue, the fill price, and every commission — in a fully auditable format.

Price-improvement-first routing

For Japanese equities we route primarily to TSE (Prime, Standard, Growth) with parallel dark queries via PTS (proprietary trading systems). For U.S. equities the benchmark is NBBO+. EU equities route via MTFs, aligned with retail investor protection rules.

FX and crypto

FX routes directly to prime-bank aggregators. Median spread on USD/JPY, EUR/JPY, GBP/USD is 0.4–0.7 pip. Crypto routes to venues registered with Japan's Financial Services Agency (BTC, ETH, SOL, XRP and others).

Step 03 · Review and rebalance

Every month, the account manager sends an execution quality review: median slippage, mean time-to-fill, cost decomposition, performance attribution. Every quarter: mandate rebalance (where warranted), risk-frame recalibration, portfolio drift analysis.

Three principles of transparency

• Pre-trade fee disclosure. Commission, spread, funding, tax estimates displayed before order entry.
• Post-trade benchmarks. Each fill is displayed alongside the relevant mid, VWAP and benchmark price.
• Independent audit. Annual independent audit (Big-4 firm) covers our execution data, client-fund segregation and AML controls.