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As an experienced trader who prioritizes transparency and cost awareness, I pay close attention to a broker’s fee structure before committing funds. In my review of Ando Securities, I found their fee system to lean toward the higher end, especially when compared to more globally accessible platforms. For domestic stock trading, Ando Securities charges a commission that ranges between 0.06325% to 0.08536% of the contract value, with a minimum of 2,750 yen applied per transaction. This means that smaller trades could face a disproportionately high cost, which is an important consideration for active or smaller-scale traders. Additionally, if you engage in margin trading, there is a purchase interest rate of 2.00% and a stock lending fee set at 1.15%. Other standard administrative charges, such as a management fee of 11 sen (or 110 yen in some cases) and a name change fee, may also apply. From my perspective, while these charges are transparently listed and consistent with traditional Japanese brokerage practices, they are not particularly competitive for cost-sensitive or international investors. Importantly, Ando Securities appears to focus on traditional securities and does not offer forex or other derivative instruments; therefore, spread-related costs common in forex trading don’t come into play here. In summary, anyone considering Ando Securities should carefully factor in the relatively high minimum commissions and the additional fee layers, especially if trading frequently or initiating smaller position sizes.