Top online brokerage lures young Japanese with zero-fee trading

Japan's biggest online brokerage is zeroing its commission fees on trading of domestic stocks to lure young Japanese investors. — AP

Japan’s largest online brokerage is seeking to lure a younger generation by cutting commission fees on trading of domestic stocks to zero.

SBI Holdings Inc. will implement a series of campaigns that will virtually eliminate commission fee for spot trading in equities, the financial conglomerate said in a statement Tuesday. Among the deals on offer is a rebate for clients between the ages of 20 and 25 for all commissions on trading of Japanese stocks.