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マネックス証券

The entire retail allocation is drawn on a fully equal basis. Everyone has the same odds regardless of how much money they have.

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How accessible its lottery is

35/100

Fine once you understand the conditions

Lottery method
35 / 35
Upfront deposit
0 / 25
Number of IPOs handled
0 / 20
Losses accumulate
0 / 10
Record as lead underwriter
0 / 10

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.

Who this suits

  • People applying with a small balance who want the odds to be genuinely equal
  • People who dislike systems that reward larger accounts or trading history

Why this one

One hundred per cent of the allocation set aside for individuals is drawn on a fully equal basis. Not a portion of it — all of it. Nothing about your balance, your trading history or your relationship with the broker changes your odds. Among the large online brokers in Japan, that is unusual: most reserve part of the draw for larger applications or for customers with a record.

That makes this the strongest choice for someone applying with a small amount of money. It is also why the broker scores full marks on lottery fairness on this site while scoring low overall — the total score rewards things like handling a large number of listings, which is a different question from whether the draw itself is fair.

It underwrites a good number of listings, so there are regular opportunities to apply, and it provides tools for looking at the financials and metrics of the companies coming to market.

About the company

An independent online broker, known particularly for its range of US and Chinese shares. On IPOs it uses the most beginner-friendly lottery rules of the major online brokers.

Who this suits

People who are not confident about competing on money, and who want to take part on equal terms.

Start applying for IPOs at マネックス証券

Opening an account is free. You need to be resident in Japan — what that requires is on the account opening page.

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Conditions are those published by マネックス証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.

マネックス証券の日本語ページを見る →