Gungin

Gungin Broker Overview

Gungin is the retail brand of Gungin Securities Co., Ltd. (ぐんぎん証券株式会社), a Japanese securities company incorporated in February 2016 and registered as a Financial Instruments Business Operator with Japan's Financial Services Agency through the Kanto Regional Finance Bureau. It is a wholly owned subsidiary of The Gunma Bank and works from offices inside Gunma Bank premises, with four branches and three representative offices in Gunma prefecture and one more in Saitama. Its business is securities brokerage for clients resident in Japan: Japanese and foreign shares, ETFs, REITs, bonds, investment trusts and a fund wrap service, priced by commission rather than by a dealing spread.

It is not a retail foreign exchange or CFD broker. No maximum leverage, spread type or margin trading condition is published for it, and it offers no third party trading platform. Account opening is a paper application made through a branch and calls for Japanese identity documents and a My Number, so the service is in practice available only to people resident in Japan.

Gungin Regulation and License

Gungin Securities Co., Ltd. holds registration as a Financial Instruments Business Operator (金融商品取引業者) under Japan's Financial Instruments and Exchange Act, numbered Kanto Regional Finance Bureau (FIBO) No.2938 and printed on the firm's own site as 関東財務局長（金商）第2938号. The registration took effect on 15 July 2016 and is granted through the Kanto Regional Finance Bureau, which is why the number names the bureau rather than the agency itself. The entry carries Type I Financial Instruments Business, the category that covers securities broking, alongside Investment Advisory and Agency Business and Securities-Related Business. The firm also states its membership of the Japan Securities Dealers Association.

That registration is confirmed on the Financial Services Agency's own register of Financial Instruments Business Operators, where the row records the name Gungin Securities Co.,Ltd., corporate number 6070001031858 and an address at 2-2-11 Honmachi, Maebashi, Gunma. The register is published as a periodically refreshed file rather than as a live record, so it confirms the position as at the date of the edition read and no later. A Type I registration is a securities permission: it is not in itself a retail foreign exchange permission, and nothing on the entry establishes one.

Is Gungin Regulated?

Yes. Gungin Securities Co., Ltd. appears on the Financial Services Agency's own register of Financial Instruments Business Operators under Kanto Regional Finance Bureau (FIBO) No.2938, so this is confirmed regulation and not a claim resting only on the firm's website. The scope confirmed on that entry is securities business, and a reader arriving from a foreign exchange context should note that no FX or CFD permission is established for the firm, and no FX offering either.

Gungin Securities Co., Ltd.

The operating company is Gungin Securities Co., Ltd., Japanese corporate number 6070001031858, incorporated on 16 February 2016 and recorded as active. It is worth separating from its parent. The Gungin name is used across The Gunma Bank's group and the bank itself is a long established regional bank, whereas Gungin Securities is its securities subsidiary and dates only from 2016; the firm marked its tenth year of business in October 2026. The regulatory standing, commissions and accounts described on this page belong to the securities company, not to the bank.

Is Gungin Safe?

On the points that can be checked, the firm's formal position is sound: its registration is confirmed on the regulator's own register under the number its website prints, the operating company has a verifiable Japanese corporate number, it is owned by an established regional bank, and it staffs physical offices rather than trading only online. Client money moves only by transfer between named bank accounts belonging to the client, which closes off a common route for funds to go astray.

None of that is a guarantee about investment outcomes, and a register entry records only that the firm was registered when the list was compiled. The practical limitations are of a different kind: the service is Japanese language only, onboarding is confined to residents of Japan, and the firm publishes no minimum deposit while setting a minimum commission of 2,750 yen on a domestic share trade, which makes small orders proportionally expensive.

Gungin Account Types

Four accounts are recorded, and none of them publishes a minimum deposit, a leverage figure or an account specific commission:

• 証券総合サービス, the securities comprehensive service account for individuals, which is the main dealing account.
• 証券取引口座, the securities trading account for corporate clients.
• 特定口座, a specified account opened under Japan's securities tax rules.
• NISA口座, an account for Japan's tax exempt investment allowance.

Applications are made on paper through a branch, and the firm states that it may decline an application which does not meet its account opening criteria.

Gungin Spreads, Commissions and Fees

Gungin Securities charges commission rather than a dealing spread, and the schedule it publishes is detailed. Domestic shares, ETFs, REITs and domestic convertible bonds carry a tiered commission on the executed amount, tax included, with a minimum of 2,750 yen: 1.430% up to 500,000 yen, then 1.100% plus 1,650 yen to 1 million yen, tapering in steps to 0.055% plus 205,150 yen above 50 million yen, and capped at 330,000 yen.

Foreign shares routed to an overseas market carry a domestic intermediary commission from 1.430% of the overseas settlement amount, tapering to 0.110% plus 212,300 yen above 50 million yen, plus the local commission, around 0.25% on US shares, and local charges. Foreign shares bought from the firm over the counter carry no separate commission, because the quoted price is set about 2.5% away from the mid price, so the cost sits in the price instead of in a fee. Currency conversion for foreign settlement costs 50 sen per US dollar below 100,000 units, 25 sen from 100,000 units and 10 sen from 1 million units. Transferring securities out to another institution costs 1,100 yen per issue and up. The full schedule is on the firm's commission page.

Gungin Trading Platforms

Gungin Securities offers no third party trading platform such as MetaTrader 4 or MetaTrader 5, and none is recorded for it. Dealing runs through the firm's own online service at online.gunginsec.co.jp, which an existing account holder applies for separately on paper, and through telephone instructions and branch counters. Market data and investment trust information are published on the public site.

Gungin Deposits and Withdrawals

Funding runs through Gunma Bank and through nothing else. There are two deposit channels. The first is a yen transfer to a client specific account at Gunma Bank's remittance concentration branch, where the incoming transfer fee is borne by Gungin Securities whether the money comes from a Gunma Bank branch or from another institution. The second is the Account Transfer Quick Service (口座振替クイックサービス), a free debit from the client's own Gunma Bank ordinary deposit account which credits the trading account immediately, handled between 09:00 and 17:00; it is for deposits only, needs about two weeks to set up, and is not available on accounts held through Gunma Bank's financial instruments intermediary business.

Withdrawals are instructed by telephone or through the online service and go only to a deposit account pre-registered in the client's own name. An instruction received before 16:00 is transferred the next business day as a rule, and a later one may take the business day after that. A withdrawal to a Gunma Bank branch account is free, while one to another institution carries the firm's prescribed fee, which it does not publish as an amount. There is no card, electronic wallet or cryptocurrency funding, and no per transfer minimum or maximum is published. The detail is on the firm's deposits and withdrawals page.

Gungin Support

Support is in Japanese only, and the website is published in Japanese only. The head office sales department takes calls on +81 27-289-2188 from Monday to Friday, 09:00 to 17:00 JST, closed on Saturdays, Sundays, Japanese public holidays and from 31 December to 3 January, and live chat is available during the same hours. The firm publishes an online service FAQ and separate numbers for each branch and representative office. No client email address is published. It also publishes a complaint handling and dispute resolution policy, states its membership of the Japan Securities Dealers Association, and links to Japan's designated financial ADR body for securities business.

Gungin Pros and Cons

The strengths are regulation confirmed on the regulator's own register, a verifiable operating company owned by an established regional bank, staffed branches, a fully published commission schedule, and funding restricted to transfers between accounts in the client's own name with the incoming fee absorbed by the firm.

The limitations are that the service is Japanese language only and effectively closed to anyone not resident in Japan, that account opening is a paper process through a branch, that there is no third party trading platform, that the 2,750 yen minimum commission weighs heavily on small domestic orders and the over the counter price for foreign shares sits about 2.5% from the mid price, and that the fee for a withdrawal outside Gunma Bank is not published as an amount.

Gungin Review and Assessment

Gungin Securities reads as the securities arm of a Japanese regional bank rather than as an internationally available broker. For a client resident in Japan who already banks with Gunma Bank the proposition is coherent: confirmed registration, branch service, a transparent commission schedule, and deposits that move inside one banking relationship. For anyone looking for retail foreign exchange, leverage or a platform driven trading account it is the wrong firm, and nothing in its published material suggests otherwise.

The most important thing to settle before funding an account is cost against trade size. The minimum commission and the over the counter margin on foreign shares both weigh most heavily on small orders. The fee for withdrawing to an account outside Gunma Bank is not published, so confirm it in writing before relying on it.