Hong Kong-based Startup Brokerage Service, 8 Securities, Expands Into Japan.
8 Securities, the Hong Kong-based online brokerage, has officially launched a localize Japanese website quite recently, which will support its services for Japan when they launched during the next couple of weeks. The company’s Wealth Management service is scheduled to be launched sometime during early June, and its Social Trading Portal that shall follow on through during July.
With its aimed to expand from Hong Kong to cover both the Greater China Areas and Japan, these steps into Japan have represented a confident move for the company which seems to be growing quite positively. At the current moment 8 Securities shall be operation profitably during 2014, with its bottom line increasing over $4 million from 2012 to 2013. It claimed about 50,ooo customers with the average customer holding around $40,000 of investments.
Around 8% of those users have access trading on their mobile device, and that approach will eventually serve them in a positive manner in Japan where the usage of smartphones is quite high.
In regards tot he Wealth Management offering, CEO Mikaal Adulla, explains exactly how it works:
We are offering Japan customers a simple way to invest in a global portfolio of up to 17 exchange traded funds. Customers complete a 3 minute online survey to assess their risk profile and time horizon and we deliver a global portfolio that matches their goals. Its that simple.
8 Securities Social Trading Portal is quite interested,with its most intuitive technology, a peer-to-peer service that allows its user to view how the community is currently trading as whole, and even receive push notifications for activity of watched stocks, traders, geographies, or times. Mikal further added, “Unlike social trading mobile apps or bulletin boards, we have combined the social interaction and the actual trade. This has not been done before.”
8 Securties is trying to aim towards eventually offering this particular service through the web with little to no cost, with the goal of gaining over 1 million registered users. This could server as a good way to bring potential customers in the door of who might then being to invest with a brokerage account.
Mikaal continue to explain that they are also planning to launch the Social Trading Platform in Mainland China during the late 2014. He further elaborates that they have developed all of their products to be in English, Chinese (both simplified and traditional), and Japanese, so expansion of the technology itself will be more and seamless process for them.
These services have promised to help the Japanese people to invest into the global market much more easily, and Mikaal has noted that both products lines ” are totally unique in Japan and solve real customer problems,”
These services promise to help Japanese individuals to invest in global markets more easily, and Mikaal notes that both product lines “are totally unique in Japan and solve real customer problems.”