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In my experience evaluating Japanese brokers, YM Securities stands out for its specific, somewhat traditional approach to client segmentation and account structuring. Rather than the typical tiered account options found with many forex or global multi-asset brokers, YM Securities primarily offers services oriented around a membership benefit system, structured mainly for domestic clients who can commit substantial assets. From the information available, the main differentiation between YM Securities "accounts" is the membership system based on pre-deposited assets. For example, clients who hold over 10,000,000 JPY with YM Securities receive significant fee discounts—up to 80% according to the official structure. However, this high threshold makes the benefits exclusive and less accessible for smaller retail traders like myself, unless one is prepared for a major capital commitment. For regular accounts below this threshold, the trading fees are relatively high and charged on a tiered basis with a minimum fee of 2,750 JPY per domestic stock trade, which can be a considerable cost for frequent or smaller trades. Unlike what I’ve seen with other brokers, YM Securities does not appear to offer a diverse range of account types tailored to different trader needs (e.g., demo, Islamic, or ECN accounts). Instead, the focus is clearly on established investors seeking Japanese equities, bonds, and investment trusts, with advantages accruing mainly to high-net-worth clients through their membership structure. For me, this framework feels limiting unless I qualify for their upper-tier benefits, and it means I need to weigh carefully whether the support and available products justify the higher costs without specialized account features or lower entry requirements.