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No money needed to enter the lottery. One of the few Japanese brokers where you can apply with an empty account.
Open an account (free)67/100
Straightforward to use
This score is this site's own. It measures how accessible the lottery is without a large balance — not the chance that you will win. The same calculation is used on the Japanese pages.
💰Upfront deposit
Not required. You only pay after you win.
🎯How the lottery works
At least 70% of the allocation is drawn on a fully equal basis — one ticket per applicant.
🆓Fee to enter the lottery
None.
🆓Fee to buy
None.
🌱Fee to sell
None if you hold the shares in a NISA account.
👨👩👧Accounts for under-18s
Can enter the lottery, so a family can apply as several people.
Look at which listings this broker is underwriting and the dates for each.
Submit your application online within the application window.
Wins and reserve places appear on the website and in the app.
Review the prospectus and complete the purchase step.
The cash must arrive by 15:45 on the final day of the purchase window.
After 17:00 on that final day, confirm the funds show in your account.
Most brokers require the purchase money to be sitting in your account at the moment you apply. Here you can enter the lottery with a zero balance, and only need the cash after you have won, by the last day of the purchase window. That matters when you are applying at several brokers at once: your money is not locked up in one place.
At least 70% of the allocation is drawn on a fully equal basis — one ticket per applicant regardless of how many shares you asked for. A large balance does not buy better odds in that portion. Accounts held by under-18s can also enter, so a family can legitimately apply as several separate people.
There is no fee to enter the lottery and no fee to buy. If you hold the shares in a NISA account, selling them is free too.
A securities house founded more than a hundred years ago. It moved into online trading unusually early, and today almost all of its business is conducted online.
Commission is zero on days when your total trades come to 500,000 yen or less — a simple rule that suits people starting small.
In a NISA account, Japanese shares, US shares and investment trusts all trade with no commission.
Japanese shares including margin trading, US shares, investment trusts, FX, futures and options, plus the NISA and iDeCo tax schemes. The account you open for IPOs will keep being useful afterwards.
The smartphone apps and the desktop trading tools are all free. Support is unusually thorough for an online broker, including a freephone line you can use before you even hold an account.
Start applying for IPOs at 松井証券
Opening an account is free. You need to be resident in Japan — what that requires is on the account opening page.
Open an account (free)Conditions are those published by 松井証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.
松井証券の日本語ページを見る →