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You never need money until you have actually won, and declining carries no penalty.
Open an account (free)47/100
Fine once you understand the conditions
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
None at all. Zero balance is fine both when you apply and when the draw runs.
🎯How the lottery works
10% is a fully equal draw, the other 90% is tiered.
🏆The tiers
Your ticket count, from 1 to 100, depends on last month's trading and balance.
👌Declining
Allowed freely, with no penalty.
From the IPO and PO screen after logging in, choose the listing and number of shares. No money needed.
The draw normally runs on the business day after the offer price is set. Results are also sent by email.
If you won or are in reserve, deposit what the purchase requires.
Choose buy or decline on the confirmation screen.
Overnight processing takes the money and confirms the allocation.
Even at brokers advertised as requiring no deposit, the money usually has to be there by the time of the draw. Here you need nothing until you have actually won. You can apply for every listing with an empty account and only fund it when something lands. Nothing else makes it this easy to simply apply for everything.
Declining after a win carries no penalty either. You may choose to decline on the confirmation screen and nothing happens. Deciding after the fact is allowed, which is rare and forgiving for beginners.
Ten per cent of the shares go to a fully equal draw with no regard to trading history. The other 90% is tiered by last month's trading value and balance, giving between 1 and 100 tickets, so the more you use this as your main account the better you do. But someone with no history at all is always in that 10% pool.
An online-only broker in the SBI group, formerly Livestar Securities. It is known for low-cost pricing aimed at day traders. It sometimes takes part in IPOs as a delegated underwriter, which is why many people hold an account here alongside SBI Securities.
Start applying for IPOs at SBIネオトレード証券
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 SBIネオトレード証券and can change. Confirm the current terms on the broker's own site before applying. Nothing here is investment advice.
SBIネオトレード証券の日本語ページを見る →