#Japan #Shibuya #moomoo Securities #investment app #Currency Exchange

Moomoo Securities' Game Changing Currency Exchange Policy

Moomoo Securities Company, based in Shibuya, Tokyo, has recently made headlines by becoming the first in the industry to abolish currency exchange fees entirely. This innovative approach allows users to perform real-time currency trading (JPY ↔ USD) and yen settlements (JPY → USD) without any fees. As competition among brokerage firms continues to grow, many have started offering free currency trading; however, they still impose fees on yen settlements. Moomoo Securities' strategic decision to eliminate these fees demonstrates their commitment to prioritizing user convenience by helping them navigate currency settlements effortlessly.

Understanding the Benefits of Fee-Free Currency Exchange

With the implementation of free currency exchange, users will enjoy numerous benefits that can significantly enhance their investment experience:

1. Maximize Trading Profits by Cutting Costs
Users no longer need to worry about currency fees such as per-dollar charges. All profits earned from their investments will remain intact. This newfound wealth can then be reinvested, creating additional growth opportunities.

2. Immediate Access to U.S. Stocks Without Hassles
There's no need to fret about timing currency exchanges or dealing with complex operations. When users place their orders in Japanese yen, the conversion occurs automatically and seamlessly fee-free. This ensures that even during busy times, they can quickly execute trades without unnecessary stress.

3. Focus on Investment Decisions Without Currency Fluctuation Worries
Users will no longer be troubled by fluctuations in exchange rates and can dedicate their focus to the intrinsic worth of companies and market movements. This newfound freedom can foster a more confident investment strategy.

4. Maximize the New NISA Benefits
Starting in 2024, the new NISA program offers tax exemptions on investment gains. By eliminating currency exchange fees, investors can fully capitalize on this beneficial program, preserving the entirety of their investment returns. Over time, the accumulated savings from reduced fees can lead to substantial differences in overall gains, especially for long-term NISA investors.

For instance, if an investor buys $3,500 equivalent of U.S. stocks at an exchange rate of 142.857 yen, the costs will vary significantly compared to other mainstream brokerage firms in Japan.

Additionally, Moomoo Securities keeps its transaction fees for U.S. stocks approximately one-fourth of those charged by its competitors. Users can even engage in promotional programs like the "Welcome Program" or the "U.S. Stock Trading Support Campaign" (commencing August 6), potentially enabling free stock trading during the first two months, making the investment process completely economical.

Moomoo Securities' Background

Founded in Silicon Valley in 2018, Moomoo is an investment app designed to help users achieve their financial goals through an innovative, user-friendly tool. The app not only facilitates trading but also hosts a discussion forum with over 26 million global investors who share knowledge and insights. In Asia, Moomoo is recognized as a leading online broker in major markets like Singapore and Hong Kong and launched its services in Japan in October 2022, achieving 1.5 million downloads by the end of 2024. Moomoo continues to innovate tailored tools for individual investors in Japan, leveraging technology developed through its global operations. Discover more at Moomoo's website.

To download the Moomoo app, visit this link.

Moomoo Securities Company is governed by the Kanto Local Financial Bureau, authorized under the number 3335. The company is a member of the Japan Securities Dealers Association and the Japan Investment Advisers Association.