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ATFX , SBI FXTRADE Broker Comparison

Do you want to know which is the better broker between ATFX and SBI FXTRADE ?

In the table below, you can compare the features of ATFX , SBI FXTRADE side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
ATFX
7.45
Regulated
Under guarantee
--
5-10 years
ASIC,FCA,CYSEC,SCA
--
D
D
1079.4
158
158
501
1988
1988
1549
C

EURUSD: 0.3

XAUUSD: 1.2

23
-1
23
C
17.81 USD/Lot
42.88 USD/Lot
A

Long: -6.02

Short: 2.33

Long: -34.43

Short: 19.17

B
0.7
91.7
--
--
--
--
--
--
--
--
--
--
--
--
SBI FXTRADE
7.9
Regulated
Under guarantee
--
10-15 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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ATFX BrokersRelevant information

ATFX BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of atfx, sbi-fxtrade lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

atfx
ATFX Basic Information
Company Name AT Global Markets (UK) Limited
Regulated By FCA, CYSEC
Year Founded 2014
Headquarters London, UK
Trading Platforms MT4, MT5, and their own proprietary trading platform
Account Types Standard, Edge, Premium
Demo Account Yes
Minimum Deposit $/€/£100
Leverage Up to 1:30 for retail traders and up to 1:400 for professional traders
Spreads Variable, starting from 0.0 pips
Tradable Assets Forex, CFDs on indices, commodities, and stocks
Deposits & Withdrawal Methods VISA, MasterCard, Skrill, Neteller, Bank Transfer, Trustly
Education and Analysis Webinars, articles, daily market outlooks, technical analysis tools
Customer Support 24/5 via phone, email, live chat, and social media

Overview of ATFX

ATFX is a global online forex and CFD broker established in 2014, offering a range of trading instruments, including forex, commodities, indices, and shares. The broker also offers several account types, including the Standard Account, Edge Account, and Premium Account, each with different features and benefits to suit different trading needs, with $100 to start. Besides, the broker also offers a demo account for traders to practice and test their strategies. One of the key features of ATFX is its trading platforms. The broker offers the popular MetaTrader 4 (MT4) platform, which is known for its advanced charting tools and user-friendly interface.

ATFX provides its clients with a range of educational resources to help traders improve their trading knowledge and skills. These resources include trading guides, webinars, seminars, and video tutorials. The broker also offers customer support services 24/5 via live chat, phone, and email.

basic-info

Is ATFX Legit or a Scam?

ATFX is a legitimate forex broker that operates under strict regulations. TThis broker is currently regulated by two major financial regulators, the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulators are known for their strict oversight and regulations in the financial industry, which provides traders with a higher level of security and protection. ATFX's compliance with these regulations demonstrates its commitment to transparency and fairness in its business practices.

regulation
regulation

Pros & Cons of ATFX

ATFX has a number of advantages and disadvantages that traders should consider before choosing this broker. On the positive side, ATFX is a well-regulated broker that offers a range of trading platforms and tools, including MetaTrader 4, WebTrader, and mobile trading apps. The broker also provides a wide range of trading instruments, including forex, CFDs, and cryptocurrencies, and offers competitive spreads and low trading fees. In addition, ATFX provides its clients with a variety of educational resources to improve their trading skills and knowledge, and customer support services are available 24/5 through live chat, phone, and email.

On the downside, ATFX has limited options for deposit and withdrawal methods, as it only accepts payments via bank transfers and credit/debit cards. Another potential disadvantage is that ATFX does not offer social trading or copy trading features, which may be important to some traders. Finally, ATFX has limited research and analysis tools compared to other brokers, which may be a concern for more advanced traders.

Pros Cons
  • Regulated by FCA and CySEC
  • Limited range of tradeable assets
  • Low minimum deposit
  • Inactivity fees
  • Competitive spreads
  • Limited research tools
  • Negative balance protection
  • Limited trading platforms
  • Wide range of educational resources
  • No cryptocurrency trading
  • User-friendly trading platforms (MT4)
  • Limited withdrawal options
  • Excellent customer support services
  • Limited language options for customer support

Market Intruments

ATFX provides a wide range of tradable assets to its clients, including forex, metals, oils, indices, cryptocurrencies, and shares. This diverse range of instruments allows traders to diversify their portfolios and take advantage of various market conditions.

Forex-The forex market is the largest financial market in the world, and ATFX provides access to over 100 currency pairs, including major, minor, and exotic pairs.

Precious Metals-The broker also offers trading in precious metals such as gold and silver, which are popular safe-haven assets during times of market volatility.

Indices-Additionally, traders can speculate on the price movements of various indices, including the popular S&P 500 and NASDAQ.

Oils-Oils, such as Brent and Crude Oil, are also available for trading, which are popular among traders due to their high volatility.

Cryptocurrency-ATFX also offers trading in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, which have gained increasing popularity in recent years.

Shares-Lastly, traders can also invest in shares of some of the world's largest companies such as Apple, Amazon, and Google.

products
Pros Cons
Wide range of market instruments including forex, metals, oils, indices, cryptocurrencies, and shares. The selection of instruments may not be as extensive as some other brokers.
Highly liquid markets, allowing for efficient trading and price discovery. Market volatility can lead to significant price fluctuations and potential losses.
Ability to trade on leverage, allowing traders to increase their buying power and potential profits. Trading on leverage also increases the risk of losses, especially for inexperienced traders.
Opportunity for diversification, as traders can access a variety of different asset classes through a single broker. Certain market instruments may have high trading fees or commissions.
Market events or news can have a significant impact on market instruments, making them unpredictable at times.

Account Types

ATFX understands that every trader has their own trading style, preferences, and needs, which is why the broker offers a range of account types to choose from. Whether you're a beginner or an experienced trader, there is an account type that is suitable for you.

The Standard Account is a basic account type that is suitable for beginner traders who are just starting in the forex market. It requires a minimum deposit of $100 and offers fixed spreads starting from 1.0 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares.

The Edge Account is a more advanced account type that is suitable for traders who have some experience in the forex market. It requires a minimum deposit of $5,000 and offers variable spreads starting from 0.6 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares. In addition, the Edge Account offers free VPS hosting, market analysis, and a personal account manager.

The Premium Account is the most advanced account type offered by ATFX, designed for professional traders who require advanced trading features and tools. It requires a minimum deposit of $10,000 and offers variable spreads starting from 0.0 pips. This account type also provides access to the MT4 trading platform and a range of trading instruments, including forex, metals, oils, indices, cryptocurrencies, and shares. The Premium Account offers free VPS hosting, market analysis, a personal account manager, and access to exclusive trading tools, such as Autochartist and Trading Central.

account-types

Demo Trading

ATFX offers demo trading accounts to its clients, allowing them to practice and familiarize themselves with the trading platform and strategies before committing real funds. Demo accounts are available for all account types, including Standard, Edge, and Premium accounts. These accounts simulate real market conditions, providing traders with the opportunity to test their trading skills and strategies without any financial risks.

The demo accounts are also an excellent tool for beginners who are new to trading as it enables them to learn the basics of trading without the fear of losing money. The demo accounts offer the same features as live accounts, including access to all trading instruments and educational resources, enabling traders to experience the real trading environment.

ATFX's demo accounts have no time limit, giving traders ample time to perfect their trading strategies and techniques. Moreover, traders can switch between the demo and live accounts anytime they want, enabling them to transition smoothly to live trading when they are ready. The demo accounts offered by ATFX are an excellent resource for traders looking to improve their trading skills and strategies in a risk-free environment.

demo-account

How to open an account with ATFX?

  • Visit the ATFX website: Go to the ATFX website and click on the “Start Trading” button on the top right corner of the homepage.

open-account
  • Fill in your personal information: You will be directed to a page where you will need to provide your personal information, including your full name, date of birth, contact details, and country of residence. You will also need to choose your preferred account type.

  • Provide your financial information: You will be asked to provide information about your financial status, including your employment status, annual income, and investment experience.

  • Submit verification documents: To complete the registration process, you will need to submit a copy of your passport or ID card, as well as a proof of address, such as a utility bill or bank statement.

  • Fund your account: Once your account is verified, you can fund it using one of the available payment methods, such as bank transfer, credit/debit card, or e-wallet.

  • Start trading: Once your account is funded, you can start trading on the ATFX platform using your preferred trading instruments and strategies.

However, when browsing through the broker's website, an unwelcomed page showed up. A message popped up on the screen informing us that only the big shots - professional clients - were allowed to use the trading platform, while retail clients were left out in the cold.

open-account

Here's a table that compares the spreads on EUR/USD, UK100, and Oil offered by ATFX, Avatrade, IC Markets, and FP Markets:

Broker EUR/USD Spread UK100 Spread Oil Spread
ATFX 0.6 pips 2.5 pips 0.05 pips
Avatrade 0.9 pips 1.0 pips 0.03 pips
IC Markets 0.1 pips 1.0 pips 0.03 pips
FP Markets 0.0 pips 1.0 pips 0.02 pips

Leverage

ATFX offers varying levels of leverage depending on the type of trading account and financial instrument.

For forex trading, the maximum leverage available for retail clients is typically 30:1 for major currency pairs and 20:1 for minor and exotic currency pairs. Professional clients may have access to higher leverage, up to a maximum of 400:1, depending on their trading experience and other criteria.

For trading other financial instruments such as commodities, indices, and shares, the leverage may vary depending on the asset class and market conditions.

It's important to note that while leverage can amplify potential profits, it also magnifies potential losses, so it's crucial to use leverage responsibly and only trade with funds you can afford to lose. Additionally, different regulations may apply in different regions and countries, which could impact the maximum leverage available to traders.

Spreads & Commissions (Trading Fees)

ATFX offers competitive spreads and commissions on its trading accounts, which vary depending on the type of account and trading instrument.

For forex trading, ATFX offers both fixed and variable spreads, depending on the account type. The spreads for major currency pairs on the standard account start from 1.0 pip, while the spreads on the Edge account start from 0.0 pips but come with a commission of $7 per lot traded.

For other financial instruments such as commodities, indices, and shares, the trading fees may vary depending on the specific asset class and trading platform used.

spread-commission
spread-commission

Non-Trading Fees

Aside from trading fees, ATFX may charge non-trading fees that traders should be aware of, including:

  • Inactivity Fee: ATFX may charge an inactivity fee of $50 per quarter for accounts that have been inactive for more than 90 days. This fee may be waived for active traders or in certain circumstances.

  • Conversion Fees: If you deposit or withdraw funds in a currency different from your account's base currency, ATFX may charge a conversion fee to cover the costs of currency conversion.

  • Overnight Financing Charges: If you hold a position overnight, ATFX may charge or credit you with an overnight financing charge, also known as a swap fee. This fee is based on the interest rate differential between the two currencies being traded and is typically charged at a fixed percentage of the position value.

  • Withdrawal Fees: While ATFX does not charge any withdrawal fees, third-party payment providers may charge a fee for their services.

  • Deposit Fees: ATFX does not charge any deposit fees, but third-party payment providers may charge a fee for their services.

Trading Platform

ATFX currently provides the MetaTrader 4 (MT4) platform for its traders, which is a widely used platform among forex traders. It offers advanced charting tools, technical analysis indicators, and automated trading options through Expert Advisors (EAs).

While some traders may prefer other trading platforms, the MT4 platform is a robust and reliable option with a large community of users and third-party developers creating and sharing custom indicators and EAs.

In addition to the MT4 platform, ATFX also offers a range of trading tools and resources, including economic calendars, market analysis, and educational resources such as webinars and tutorials.

trading-platform
trading-platform

Check out this table that compares the trading platforms of ATFX, IC Markets, FP Markets, and Exness:

Feature ATFX IC Markets FP Markets Exness
Trading Platform MT4 MT4, MT5 MT4, MT5 MT4, MT5
Web Trading Platform Yes Yes Yes Yes
Mobile Trading Platform Yes Yes Yes Yes
Social Trading No Yes Yes No
Copy Trading Yes Yes Yes Yes
Trading Signals Yes Yes Yes Yes
Automated Trading Yes Yes Yes Yes
Scalping Allowed Yes Yes Yes Yes
Hedging Allowed Yes Yes Yes Yes

Deposit & Withdrawal

Minimum Deposit

ATFX's minimum deposit requirement of $100 makes it an accessible option for traders who are just starting out or those who prefer to trade in smaller amounts. The following payment methods are available for deposits:

  • Credit/Debit Cards: Visa and Mastercard are accepted. The processing time for deposits made via credit/debit cards is instant, and there are no fees charged by ATFX.

  • Bank Wire Transfer: Deposits can be made via bank wire transfer. The processing time for this method varies, and it may take 2-5 business days to reflect in the trader's account. ATFX does not charge fees for deposits made through bank wire transfer, but traders should check with their bank for any charges that may apply.

  • Online Payment Methods: ATFX also supports online payment methods such as Skrill, Neteller, and Trustly. Deposits made using these methods are typically processed instantly. ATFX does not charge fees for deposits made through online payment methods, but third-party payment providers may charge a fee for their services.

payment-methods
Payment-methods

Withdrawal

How to withdraw money from my trading account?

  1. Log in to the secure Client Portal section of our homepage, then click “Withdrawal”.

  2. This broker will always return funds to the original source they were deposited. For example, if a deposit is made by credit card, funds will be returned to the same credit card. The return can be done through bank transfer, credit/debit card or e-wallet transfers.

  3. If you are withdrawing profit, this broker may ask you for bank account details to send funds directly to your account.

Please note: Your bank account must be fully verified before submitting a withdrawal request.

The time it takes for funds to return to a trader's bank account will depend on the withdrawal method used.

For bank transfers, once the funds have been removed from the trading account, it will take 3-5 business days before they arrive in the trader's bank account. The actual time required for processing may vary, and traders should refer to their bank for more information.

If using an e-wallet, funds will typically be returned to the trader's e-wallet within 2 business days.

For refunds to credit/debit cards, the process typically takes 2-5 business days after the withdrawal has been successfully processed. However, if there are restrictions preventing funds from being returned to the card, ATFX may request a valid bank statement and return the funds to the trader's registered bank account. In such cases, the trader will be contacted by their relationship manager.

All withdrawal requests received before 2 pm (UK time) on a business day will be processed on the same day. Requests received after this time will be processed on the next available business day.

payment-methods
payment-methods

Customer Support

It seems that ATFX understands the importance of providing reliable and efficient customer support to help traders along the way. Whether you're a seasoned professional or just starting out, the brokerage firm offers a range of customer support options to ensure that you have access to the assistance you need, when you need it.

  • Live Chat: ATFX provides a live chat feature on their website, which allows traders to chat with a customer support representative in real-time. This option is convenient and efficient, as traders can get their questions answered without having to wait for a response via email or phone.

  • Email: Traders can contact ATFX's customer support team by email. The brokerage firm aims to respond to all queries within 24 hours, making this a good option for non-urgent matters.

  • Phone: ATFX also provides a phone number for traders to call if they prefer to speak to a customer support representative directly. The phone lines are open from Monday to Friday, during business hours.

  • FAQ Section: ATFX's website also features a comprehensive FAQ section, which covers a range of topics such as account opening, funding, trading platforms, and more. This section can be a useful resource for traders who prefer to find answers to their questions independently.

  • Social Media: ATFX has an active presence on social media platforms such as Facebook, Twitter, and LinkedIn. Traders can use these channels to connect with the company and stay up to date with news and updates.

Educational Resources

ATFX offers a wide range of educational resources to help traders improve their skills and knowledge.

One of the primary educational resources available through ATFX is their comprehensive online trading academy. This academy provides traders with a variety of resources, including webinars, videos, articles, and e-books, all designed to help traders learn the fundamentals of trading and improve their strategies. The academy covers a range of topics, from basic concepts such as market analysis and risk management to more advanced topics like trading psychology and algorithmic trading.

In addition to the online trading academy, ATFX also offers a range of educational resources specifically tailored to the needs of different traders. For example, beginners can take advantage of the company's beginner's course, which provides an introduction to the basics of trading, while more experienced traders can benefit from advanced courses covering topics such as technical analysis and trading psychology.

ATFX also provides traders with access to a variety of market analysis tools and resources. These include daily market analysis reports, economic calendars, and real-time news feeds, all of which can help traders stay informed about the latest market trends and make more informed trading decisions.

educational-resources
educational-resources
educational-resources

Conclusion

ATFX is a well-known brokerage firm that offers a variety of trading services and features for traders of all levels. The brokerage's competitive trading conditions, such as low spreads, high leverage, and multiple trading instruments, provide traders with opportunities across various markets.

Additionally, ATFX provides several customer support channels, including live chat, email, and phone, to help traders with their queries and concerns. The brokerage also offers educational resources, such as an online trading academy and tailored courses, to help traders develop their knowledge and skills.

While ATFX has received positive feedback from some traders, as with any brokerage firm, there are also negative reviews and complaints online. However, these reviews should be taken with a grain of salt, and traders are encouraged to conduct their research and make informed decisions before investing their funds with any broker.

FAQs

Q: Is ATFX a regulated broker?

A: Yes, ATFX is a regulated broker that is authorized and regulated by multiple financial authorities, including the FCA in the UK, the CySEC in Cyprus.

Q: What is the minimum deposit requirement for ATFX?

A: The minimum deposit requirement for ATFX is $100.

Q: What trading platforms does ATFX offer?

A: ATFX offers the popular MetaTrader 4 (MT4) trading platform for desktop, web, and mobile devices.

Q: What are the trading fees and spreads at ATFX?

A: ATFX offers competitive trading conditions, including tight spreads and low commissions. The exact trading fees will depend on the account type and trading instrument.

Q: What payment methods are accepted by ATFX?

A: ATFX accepts a range of payment methods, including bank wire transfer, credit/debit cards, and e-wallets. The availability of payment methods may vary depending on the trader's location.

Q: Does ATFX offer a demo account?

A: Yes, ATFX offers a demo account for traders to practice their trading strategies and familiarize themselves with the trading platform before trading with real money.

Q: Does ATFX offer customer support?

A: Yes, ATFX provides customer support through multiple channels, including live chat, email, and phone. Traders can also access a comprehensive FAQ section on the ATFX website.

Q: Is ATFX suitable for beginner traders?

A: Yes, ATFX offers a range of educational resources, including an online trading academy and tailored courses, to help beginner traders develop their knowledge and skills. Additionally, the broker offers a demo account for traders to practice their trading strategies before trading with real money.

sbi-fxtrade
Information Details
Company Name SBI FXTRADE
Registered Country/Area Japan
Regulation Financial Services Agency, Japan
Minimum Deposit 1,000 yen for Quick Deposits
Spreads Narrow Spreads
Trading Platforms Desktop and Mobile
Tradable Assets Forex (34 currency pairs)
Demo Account Available
Deposit & Withdrawal Quick Deposits, Normal Deposits, Deposits to SBI Shinsei Bank
Educational Resources Official YouTube channel

Overview of SBI FXTRADE

SBI FXTRADE is a Forex broker and a part of the SBI Group, a leading online financial services company in Japan. Its service allows users to engage in foreign exchange (FX) margin trading. The platform offers real-time market information and various analysis tools, which can assist both novices and experienced traders in their decision-making process.

The SBI FXTRADE platform boasts of features such as narrow spreads and 24-hour trading. It also offers a demo account option for practice. Additionally, there is a user-friendly interface which simplifies the process of FX trading and a mobile application for trading on the go. It is essential to remember that just like any other type of trading and investment, forex trading involves certain risks which should be thoroughly understood before participating.

Overview of SBI FXTRADE

Regulation

SBI FXTRADE is a regulated broker under the jurisdiction of Japan. The platform is licensed as a Retail Forex License holder and is overseen by the Financial Services Agency of Japan. The license number is 関東財務局長(金商)第2635号 and the official licensed institution is SBI FX トレード株式会社. The license was effectively granted on 13th April 2012. However, there is no shared email address of the licensed institution. It's crucial to trade with a regulated broker as it provides a certain level of security and oversight.

 Regulation

Pros and Cons

Pros Cons
An extensive range of 34 currency pairs for trading Certain deposit options involve fees
Offers Quick deposits starting from 1,000 yen with no fees Some deposit methods may not reflect immediately
Regulated by the Financial Services Agency Forex and other forms of trading always carry inherent risks
Provides a range of educational resources, including a YouTube channel for learning and updates For Normal deposits and some other services, transfer fees will be borne by the customer
Allows 24-hour trading
User-friendly interface
Offers a demo account for practice
Provides both desktop and mobile trading platforms

Pros:

1. Wide Range of Trading Instruments: SBI FXTRADE offers an extensive range of 34 currency pairs for trading, making it an attractive platform for those who wish to diversify their trading portfolio.

2. Quick Deposits: The platform provides a quick deposit feature that starts from 1,000 yen with no associated fees.

3. Regulation: SBI FXTRADE is regulated by the Financial Services Agency of Japan, adding a higher level of security and trustworthiness.

5. User-Friendly Interface: The platform has a user-friendly interface that simplifies the process of FX trading, making it easier for beginner traders to navigate.

6. Demo Account: SBI FXTRADE provides a demo account which allows users to practice trading strategies before investing real money.

7. 24-Hour Service: The platform facilitates 24-hour trading, enabling traders to take advantage of global forex market hours.

8. Mobile Trading: SBI FXTRADE offers mobile trading platforms for users to trade on the go.

Cons:

1. Deposit Fees: While quick deposits are free, other deposit methods such as the “normal deposit” method have associated transfer fees that will be borne by the customer.

2. Delay in Reflection of Deposits: Certain deposit methods may not immediately reflect the deposited amount in the trading account. If any error occurs, the reflection of deposit will have to wait till the confirmation of payment receipt.

3. Fees on Some Services: For certain services, such as normal deposits, transfer fees will be borne by the customer.

Market Instruments

SBI FXTRADE provides its users with the opportunity to trade in a total of 34 currency pairs. This offering is considered to be one of the highest in the industry, giving traders a wide range of options when it comes to choosing their trading instruments.

It signifies that traders have the opportunity to capitalize on the movements of various currencies ranging from major currency pairs to minor and exotic ones. However, it's always important for traders to understand the risks associated with each trading instrument before investing.

Market Instruments

How to open an account?

  1. The first step would be to navigate to the “Complete application in” button at the top right side of the page.

  2. Please enter your email address using the submit button that is below the “apply for a personal account” sign. An account opening application URL will be sent to the email address you entered.

    1. How to open an account?
  3. Enter your name, date of birth, and current address as in the identity verification document. The user is required to have a Japanese “MyNumber” identification in order to continue to after this step.

  4. After the information has been examined, SBI FXTRADE will determine if the account creation process will be completed.

Minimum Deposit

SBI FXTRADE offers two different methods of depositing funds: quick deposits and normal deposits.

Quick deposits start from 1,000 yen, with no associated fees. It's important to note that applications cannot be accepted during maintenance times performed by the broker or financial institutions.

Deposit & Withdrawal

SBI FXTRADE provides several methods for depositing and withdrawing funds.

For making deposits, there are three methods available:

  1. Quick deposits: This method allows clients to deposit funds starting from 1,000 yen with no associated fees. However, deposition isn't guaranteed to reflect immediately - errors might delay the reflection of the deposit.

  2. Normal deposits: This involves a money transfer to a created “Customer Dedicated Deposit Account”. Note that transfer fees are borne by the customer unless they are an SBI Shinsei Bank account holder depositing into the “SBI Shinsei Bank account exclusively for SBI FX Trade”.

  3. Deposit to SBI Shinsei Bank: This method involves a money transfer to the dedicated SBI Shinsei Bank account for SBI FX Trade. There are no transfer fees and the customer has to specify their login ID and first and last name in kana in the remittance name.

The following provides more details on deposit confirmation and conditions:

  • Payments can be confirmed on the transaction screen.

  • Payments may not reflect immediately as they need to be received and confirmed by the bank. This process can take some time during busy periods.

  • Deposit processing is done three times a day at 9:00, 13:00, and 15:30.

  • Shinsei Bank deposits will be reflected in the FX account and need to be transferred to the savings FX account or the crypto asset CFD account by the user.

Customer Support

SBI FXTRADE offers an array of contact channels enabling seamless and efficient communication:

  1. Direct Phone Line: Enabling immediate assistance, the firm can be directly contacted via their dedicated line at +81 0120-982-417.

  2. Official Web Portal: An exhaustive array of resources could be found on their official website, SBI FXTRADE.

  3. Social Media Presence: Connect with them on Twitter for real-time updates and interactions. They also maintain an active online presence on Facebook and exclusive content on their dedicated YouTube channel.

Educational Resources

SBI FXTRADE provides several educational resources for its traders:

  1. Official YouTube Channel: SBI FXTRADE maintains an official YouTube channel where they share informative video content. This includes market news, tutorials, trading strategies, and explanations on various aspects of Forex trading.

  2. Today's Exchange News: This is presumably a feature where recent news and events affecting the exchange market are discussed, providing insights to help traders make informed decisions.

  3. Crypto Asset Market Information: This channel is maintained by SBI VC Trade, which is also a part of the SBI Group. It provides information related to the crypto asset market.

Please note that Forex trading and trading in general can be risky, so it's essential to fully understand these risk factors and strategies before investing. Educational resources are a starting point, but should not be the only source of knowledge or strategy formulation. Real-time experience, trading practice, and individual research are also critical components of trading education.

Educational Resources

Conclusion

SBI FXTRADE, a premium trading firm, offers multiple features tailored towards assisting traders succeed. Key offerings include diverse deposit methods (featuring Quick Deposits), a wide array of trading instruments, a user-friendly platform, and well-developed educational resources. However, potential users should be aware of potential deposit fees and delays, and inherent trading risks.

FAQs

Q: What are some educational resources that SBI FXTRADE provides for traders?

A: SBI FXTRADE offers a variety of educational resources, including a YouTube channel filled with market news, trading strategies, and other trading-related insights, a feature for recent market news, programs providing insights into alternative currencies to USD/JPY.

Q: How can users contact SBI FXTRADE?

A: SBI FXTRADE can be reached through their phone number (+81 0120-982-417), their official website, or their social media accounts on Twitter, Facebook, and YouTube.

Q: What are the unique features of SBI FXTRADE?

A: SBI FXTRADE offers quick deposits without any fees starting from 1,000 yen and is regulated by the Financial Services Agency of Japan for enhanced security.

Q: What cautions should be taken while using SBI FXTRADE or similar trading platform?

A: As with all types of trading and investment, forex trading involves inherent risks. Users should ensure they understand these risks thoroughly before participating.

Are the transaction costs and expenses of atfx, sbi-fxtrade lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive atfx and sbi-fxtrade are, we first considered common fees for standard accounts. On atfx, the average spread for the EUR/USD currency pair is -- pips, while on sbi-fxtrade the spread is --.

Which broker between atfx, sbi-fxtrade is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

atfx is regulated by ASIC,FCA,CYSEC,SCA. sbi-fxtrade is regulated by FSA.

Which broker between atfx, sbi-fxtrade provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

atfx provides trading platform including -- and trading variety including --. sbi-fxtrade provides trading platform including -- and trading variety including --.

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