2020.03.16 Financial Services
TOKYO – March 16, 2020 – LINE Securities Corporation releases LINE FX, a new foreign exchange margin trading ("forex") service. It is the third and latest service to become part of the company's eponymous mobile investment service.
To commemorate the launch of LINE FX, the first 30,000 users to open a LINE FX account and trade at least one lot (10,000 currency units) will receive JPY 5,000 in a promotional campaign titled "Open an FX account, trade once, and get JPY 5000."
With the aim to make investing easier and more accessible to the public, LINE Securities was released in August 2019 as a simple, convenient, and comprehensive mobile investment service. Its characteristically intuitive operations and design and enhanced accessibility allowing anyone to trade shares or ETF any number of times in real-time until 9 pm (GMT+9) everyday has lead the service to gain popularity since its launch, especially among the working population who can conveniently trade during lunch breaks or after work. *1
LINE FX is the latest service to be launched from LINE Securities in response to user demand for more variety in the range of financial products that can be traded. Furthermore, LINE FX is LINE Securities' first service to become available through its own dedicated app. *2
LINE FX is an intuitive app offering advanced charts and a LINE notification-based alert system that explains economic indicators and sudden market fluctuations in simple terms so that users always have the information they need at their fingertips to choose the best moment to trade every time. With LINE FX, users simply need their smartphone to trade around the clock while accessing various resources to check price movements and predict future trends in the forex market.*3 This is especially convenient for the busy working population.
LINE Securities Corporation will continue to expand its service lineup for the working population and deliver modern, comprehensive securities services that fit seamlessly into the lifestyles of its users.
1. Receive a variety of investment information on LINE and trade instantly
Around the time when economic indicators are announced from the 18 countries and regions that LINE FX supports, the LINE FX Official Account sends its friends a LINE notification with predictions,
results, forex signals, and other information. *4 A link in the notifications takes users to the LINE FX app's trading page so that they can instantly begin trading.
Notifications that are sent before the latest indicators are published contain forex signals from the past four announcements and charts showing post-announcement exchange rate fluctuations. This service design facilitates price movement prediction for novice and experienced forex traders alike. In addition to notifications regarding economic indicators, users receive an alert as soon as the rate of currency pairs they are watching suddenly fluctuates.
If users do not wish to receive certain notifications, they can filter them out by economic indicator announcement timing, importance, country, or currency pair.
2. Intuitive, comprehensive, advanced charts displayed side by side while users trade with a tap
LINE FX offers 11 technical indicators with configurable parameters. Streaming charts can be displayed horizontally or vertically, and users can keep the real-time charts displayed on their smartphone screen while they quickly trade with a tap of a button. If that's not enough, the service also lets users quickly pull up four charts, change currency pairs, display a different timeline, draw a trend line, and more.
3. 10 major currency pairs offered with the best spread and swap points based on industry standards
Users can trade 10 major currency pairs, 10,000 currency units at a time, free of transactions fees, based on the lowest spread and high swap points compared to industry standards.
4. Choose from a variety of order types
LINE FX offers eight order types: streaming, market, limit, stop limit, one cancels the other (OCO), if done (IFD), if done one cancels the other (IFD-OCO), and close all. Orders can also be executed on a first-in, first-out (FIFO) basis. Users can combine this with the different order types according to their trading style.
5. Complete steps to open an account in as little as three minutes and start trading as early as the same day
By using eKYC, users can complete the steps to open an account in as little as three minutes and start trading as early as the same day without the need to process paperwork by mail. *5 Users who already have a LINE Securities account can apply for a LINE FX account without submitting any additional forms. Opening a LINE FX account does not require users to open a LINE Securities account. In other words, users who are only interested in forex trading can choose to open a LINE FX account only.
How to use eKYC to apply for a LINE FX account
1. On a smartphone, search "LINE FX" (https://line-fx.com/)
2. From the LINE FX official website, tap "Open Account (Free)" and place a request to open an account. For identity verification, have a piece of ID ready such as a driver's license, an Individual Number Card or an Individual Number Notification Card. The application process is completed in as little as three minutes.
3. Once the application process is completed, a message will be sent from the LINE FX Official Account as early as the same day.
4. Tap the link in the message to access LINE FX and begin trading. To trade even more quickly, download the LINE FX app.
To open an account, users can place a request from the LINE FX official website for mobile or through LINE, the LINE FX app, or the LINE FX official website for PC. *6
"Open an FX account, trade once, and get JPY 5000"
To commemorate the launch of LINE FX, LINE Securities Corporation will run a promotional campaign titled "Open an FX account, trade once, and get JPY 5000." This campaign will take place from 10:00 am on March 16 to 11:59 pm on May 31, 2020 (GMT+9). The first 30,000 users who open a LINE FX account during this period and trade at least one lot (or 10,000 currency units) by 5:00 am on June 13, 2020 (GMT+9) are guaranteed to receive JPY 5,000. Users who trade at least one lot after opening an account will receive JPY 5,000 in their LINE FX account sometime during the second half of the month following the month in which they traded.
For details, see: https://lin.ee/shqYSFs/yvrk (Japanese)
Additionally, a limited promotional campaign titled "Friend the LINE FX account, turn notifications on, and receive 50 LINE Points" will run until 11:59 pm on May 31, 2020 (GMT+9). In this campaign, the first 100,000 users to friend the LINE FX Official Account and opt in to receive campaign notifications receive 50 LINE Points.
For details, see: https://lin.ee/hdcG4lG/yvrk (Japanese)
Users are encouraged to take advantage of these promotional campaigns to discover the new service.
Under its corporate mission of "investment made easy," LINE Securities Corporation aims to deliver new and comprehensive securities services by expanding its service lineup to take into consideration of, and fit seamlessly into the lifestyles of the working population.
*1 Below are LINE Securities' trading hours (Japan standard time; closed during market holidays)
Day sessions: 9:00 am to 11:20 am, 11:30 am to 12:20 pm, 12:30 pm to 2:50 pm Night session: 5:00 pm to 9:00 pm *ETF trading is currently limited to day sessions.
Orders are not accepted on market holidays or outside of trading hours.
*2 In addition to the LINE FX app, LINE FX for web browsers will also be available from today. LINE FX for web browsers is accessible from the LINE app or a web browser on a smartphone or PC, and allows users to apply to open an account, deposit funds, and put in a market order without having to install a separate app.
*3 In principle, orders can be placed 24/7, 365 days a year. This excludes maintenance hours, non-trading hours, and streaming orders and market orders outside of trading hours.
*4 Uses the LINE BOTarder FX service provided by Minkabu The Infonoid Inc. and Mobile Internet Technology Co. Ltd.
*5 Processing may take several days to complete during busy periods or due to the review status.
*6 Identity verfication using eKYC is not available for requests placed using a PC browser.
LINE Securities corporate website: https://line-sec.co.jp/corp (Japanese only)
LINE FX app
App store: https://itunes.apple.com/jp/app/id1492856569
Google Play store: https://play.google.com/store/apps/details?id=jp.co.line_sec.fx
LINE FX Official Account (LINE ID): @linefx (Japanese)
LINE FX official website: https://line-fx.com/ (Japanese)
LINE FX official Twitter page: https://twitter.com/linefx_jp (Japanese)
LINE FX official note: https://note.com/line_fx (Japanese)
About LINE Securities Corporation
(1) Name: LINE Securities Corporation
(2) Head Office: Sumitomo Fudosan Osaki Garden Tower 22F, 1-1-1 Nishishinagawa, Shinagawa-ku, Tokyo
(3) Representatives: Noritaka Ochiai (LINE Corporation) and Yoshikazu Yonenaga (Nomura Securities Co. Ltd.), Representative Directors and Co-CEOs
(4) Business: Offers remote securities brokerage and remote securities investment consultation services to the asset-building demographic
(5) Capital and Capital Reserves: JPY 2 billion (as of December 31, 2019)
(6) Established: June 1, 2018
Important information regarding share and ETF trading
・Trades made through LINE Securities Corporation may be subject to fees and/or expenses that vary by product.
・Transaction costs will be added to the original market price when trading domestic stocks (including ETFs).
・Trading financial products may expose traders to losses due to price volatility, fluctuations in foreign exchange rates, and other indexes.
・Domestic stock trades are subject to losses due to price volatility. Domestic ETFs are subject to losses due to fluctuation of indexes and other factors linked to the ETFs.
・Read and consider the prospectus and other disclosure documents when deciding whether or not to trade.
Important information regarding foreign exchange margin trading
・Foreign exchange margin trading is the process of exchanging national currencies against one another using margin, and requires traders to put forward margin deposits (to LINE Securities Corporation in the case of LINE FX)) in order to open a trade. Forex trading is often volatile, and could result in not only a major profit but also a major loss.
・Because trading forex on margin enables traders to increase their position size and gives them more exposure to the markets with a smaller initial capital outlay, traders can incur a loss that exceeds their margin as a direct result of fluctuations in interest rates, currency values, financial market quotes, and other indicators.
・LINE FX does not charge any transaction fees. However, there is a spread between the buy and sell price of currencies LINE Securities Corporation offers. To place an order, users must pledge a margin of at least 4% (25:1 leverage) of the trade value for every currency pair.
・Users should read through the over-the-counter forex trading guide and other related materials carefully to fully understand the mechanisms, risks, and other important factors before deciding to trade using LINE FX on their own discretion.
Financial instruments business operator, LINE Securities Corporation, Director of the Kanto Finance Bureau (Financial Instruments Business) No. 3144
Association memberships: Japan Securities Dealers Association, The Financial Futures Association of Japan