WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Sumitomo Mitsui

Japan|5-10 years|
Market Making(MM)|Medium potential risk|

https://www.smbc.co.jp/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

Japan 9.89

Surpassed 60.50% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://www.smbc.co.jp/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

Sumitomo Mitsui Banking

Abbreviation

Sumitomo Mitsui

Platform registered country and region

Japan

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-11-01
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Sumitomo Mitsui · WikiFX Survey
Good Visiting Sumitomo Mitsui in Malaysia
Malaysia

Users who viewed Sumitomo Mitsui also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

GO MARKETS

8.99
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

Exness

8.30
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website
Sources
Language
Mkt. Analysis
Creatives

Sumitomo Mitsui · Company Summary

Sumitomo Mitsui Basic Information
Company Name Sumitomo Mitsui
Founded 2002
Headquarters Japan
Regulations Regulated by the Labuan Financial Services Authority in Malaysia
Products and Services Account opening, internet banking, loans, insurance, inheritance services, promotional activities
Account Types Mutual Fund Account, Savings Return Account
Fees No transfer fees, up to 20% off with card payment points redemption, ATM fee-free for 24 hours
Customer Support 24/7 support via toll-free number 0120-110-330 (Japan), 046-401-2100 (charges apply in Japan), +81-46-401-2100 (charges apply for international)
Education Resources Financial Information/IR Library, stock information, IR calendar, disclosure policy

Overview of Sumitomo Mitsui

Sumitomo Mitsui is a comprehensive financial services provider offering a diverse range of products including account management, loans, insurance, and internet banking. The company is headquartered in Japan and has been operational since 2002. With a strong regulatory framework under the Labuan Financial Services Authority in Malaysia, Sumitomo Mitsui ensures adherence to high standards of financial practice and client protection. The firm is committed to providing excellent customer support and educational resources to its clients.

Overview of Sumitomo Mitsui

Is Sumitomo Mitsui Legit?

Sumitomo Mitsui is regulated by the Labuan Financial Services Authority in Malaysia under a Market Making (MM) license type. While the specific license number has not been released, the firm's regulated status ensures it operates under the compliance guidelines set by Malaysian financial regulatory authorities. This oversight helps to ensure that Sumitomo Mitsui adheres to certain standards of financial practices and client protections.

Is Sumitomo Mitsui Legit?

Pros and Cons

Sumitomo Mitsui, regulated by the Labuan Financial Services Authority, offers a variety of financial services including internet banking, loans, insurance, and asset management. The company provides extensive customer support and educational resources for clients. However, despite its range of services, the lack of international regulatory presence and the potential limitation of specialized financial services could be seen as drawbacks. Potential clients should carefully consider these factors when evaluating Sumitomo Mitsui for their financial needs.

Pros Cons
  • Regulated by Labuan Financial Services Authority
  • Specific license number not released
  • Wide range of financial products and services
  • Limited international regulatory presence
  • Fee benefits for account holders
  • May not offer as many specialized financial services
  • Extensive customer support
  • Accessible educational resources

Products and Services

Sumitomo Mitsui offers a comprehensive range of financial products and services, including account opening services with app support and credit card issuance, internet banking, various deposit and asset management options, loans, insurance, inheritance planning services, and engagement in lotteries, campaigns, and other promotional activities.

Products and Services

Account Types

Sumitomo Mitsui offers two main types of accounts:

1. Mutual Fund Account:

- Supports time deposits, cumulative time deposits, government bonds, and automatic loans secured by these assets.

2. Savings Return Account:

- Fully protected under the deposit insurance system.

- Features include interest-free deposits, payment on demand, and settlement services for eligible deposits.

Account Types

How to Open an Account

To open an account with Sumitomo Mitsui, follow these steps.

  1. Visit the Sumitomo Mitsui website. Look for the “Sign up” button on the homepage and click on it.

How to Open an Account
  1. Download the app: Install the Sumitomo Mitsui Banking Corporation App and apply for an Olive account.

How to Open an Account
  1. Upload identification: Take a photo of your identification documents and upload them via the app. You can also verify your identity with a My Number Card.

  2. Receive your card: You'll get your multi-numberless card within 1-2 weeks. By verifying your identity with your My Number Card or a selfie, you can receive your account number on the same day.

  3. Use the app: For internet banking and fund transfers, register for SMBC Safety Pass or use a one-time password.

Fees

Sumitomo Mitsui offers several fee-related benefits for its Olive account holders:

1. No fees for transfers to another bank.

2. Up to 20% off with card payment points redemption.

3. ATM fee-free for 24 hours.

4. Access to special offers every month.

5. Safe and affordable Olive Flexible Pay options.

Fees

Customer Support

Sumitomo Mitsui offers customer support 24 hours a day, 365 days a year. Within Japan, customers can call toll-free at 0120-110-330 or, if unavailable, 046-401-2100 (charges apply). For international inquiries, the contact number is +81-46-401-2100 (charges apply).

Educational Resources

Sumitomo Mitsui provides a range of educational resources through its Financial Information/IR Library, including detailed financial information, stock information, an IR calendar, and a comprehensive disclosure policy.

Educational Resources

Conclusion

Sumitomo Mitsui, established in 2002 and headquartered in Japan, offers a wide range of financial services including account opening, internet banking, loans, insurance, and more. Regulated by the Labuan Financial Services Authority in Malaysia, the firm ensures compliance with financial standards. Advantages include extensive customer support, fee benefits, and a variety of account types, along with accessible educational resources. However, the companys limited international regulatory presence and potential lack of specialized financial services might be considered disadvantages. Overall, Sumitomo Mitsui presents a robust option for those seeking diverse financial solutions, but potential clients should consider their specific needs and regulatory preferences.

FAQs

Q: What financial services does Sumitomo Mitsui offer?

A: Sumitomo Mitsui provides a variety of services including account opening, internet banking, loans, insurance, inheritance services, and promotional activities.

Q: What types of accounts are available at Sumitomo Mitsui?

A: Sumitomo Mitsui offers Mutual Fund Accounts and Savings Return Accounts.

Q: Are there any fees for transfers with Sumitomo Mitsui?

A: No, there are no fees for transfers to another bank. Additionally, you can enjoy up to 20% off with card payment points redemption and ATM fee-free services for 24 hours.

Q: How can I contact Sumitomo Mitsui customer support?

A: Customer support is available 24/7. Within Japan, you can call toll-free at 0120-110-330 or 046-401-2100 (charges apply). For international inquiries, call +81-46-401-2100 (charges apply).

Q: What educational resources does Sumitomo Mitsui provide?

A: Sumitomo Mitsui offers a range of educational resources through its Financial Information/IR Library, which includes financial information, stock information, an IR calendar, and a disclosure policy.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

Review

0 Comments
Write a comment

No comment yet

Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com