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Do you want to know which is the better broker between IG and SBI SECURITIES ?
In the table below, you can compare the features of IG , SBI SECURITIES side by side to determine the best fit for your needs.
Long: -2.56
Short: -3.26
Long: -4.38
Short: 0.56
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 ig, sbi-securities 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:
Registered in | United Kingdom |
Regulatory status | FCA, ASIC, FSA, NFA, FMA, MAS and DFSA |
Year(s) of incorporation | More than 20 years |
Market instruments | Currency pairs, indices, cryptocurrencies, stocks and commodities |
Minimum initial deposit | $0 |
Maximum leverage | 1:200 |
Minimum spread | 1 pips for EURUSD |
Trading platform | intuitive web platform, MetaTrader 4, L2 dealer and mobile apps |
Deposit and withdrawal methods | Credit/debit cards, bank transfer |
Customer Service | E-mail/phone number/address/live chat |
Fraud allegations | Yes |
Here is an official video from the company.
It is important to 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. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide variety of markets and instrument options.
Intuitive and customizable trading platforms.
Access to advanced technical analysis and charting tools.
Multilingual, multi-channel customer service.
Demo account with virtual financing of $20,000.
There is no minimum deposit requirement for real accounts.
It offers leverage of up to 1:200.
Cons:
Fees and costs may not be clearly specified on the website.
Information on account types is limited.
There are not many educational resources available on the website.
The withdrawal of funds is not clearly specified.
The minimum transaction amount may be high for some markets.
No welcome bonuses or promotions are offered.
Credit card deposit fees can be high compared to other brokers.
Dimension | Advantages | Disadvantages |
Broker Model | IG offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients. |
IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.
IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
Advantages | Disadvantages |
Wide variety of trading instruments | Too many instruments can be overwhelming for some |
Possibility to diversify the investment portfolio | Increased knowledge and skill is required to operate |
Opportunities to take advantage of different conditions | There may be more risk due to exposure to different markets |
Access to a wide range of international markets | Increased complexity in position and risk management |
IG offers access to more than 17,000 markets, including currencies, indices, cryptocurrencies, stocks and commodities. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.
Advantages | Disadvantages |
- Spreads are quite competitive. - Spreads can be viewed on the website. | - There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume. |
In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.
IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.
Advantages | Disadvantages |
No minimum deposit requirement | Lack of detailed information on account types on the website |
Single account for all customers | It can be difficult for new customers to choose a suitable account without detailed information. |
Access to all of IG's financial instruments |
IG offers a single live account for its clients without a minimum deposit requirement. However, there is not much information available on their website about account details such as spreads, commissions and margin requirements. This can make it difficult for new clients to choose the account that best suits their needs and preferences.
Advantages | Disadvantages |
Easy-to-use intuitive web platform | Web platform may be less customizable than other platforms |
Offering MetaTrader 4, a popular and well-known platform | MetaTrader 5, the latest version of the platform, is not offered. |
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders. | L2 Dealer can be more complicated for beginner traders |
Mobile apps available for iOS and Android | Mobile apps may be less customizable than the web platform |
Wide selection of platforms to meet the needs of different types of traders | No proprietary trading platform exclusive to IG is offered. |
IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.
Advantages | Disadvantages |
Allows traders to increase their earning potential with limited capital | Leverage also increases the risk of significant losses |
Possibility of accessing larger markets without having to deposit large amounts of capital | Novice traders may have difficulty understanding and managing leverage properly. |
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage | Leverage can increase psychological pressure on traders, which can affect their decision making. |
Facilitates the possibility of profiting from small market movements | Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks. |
As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.
Advantages | Disadvantages |
Wide variety of deposit methods | No detailed information on withdrawals is provided |
No minimum deposit required | Commissions on credit card deposits |
Free deposits with Visa and Mastercard debit cards | There are no other methods such as skrill, neteller, perfect money, etcetera. |
Bank transfers accepted |
IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.
Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.
Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.
In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.
Question: What is the minimum deposit required to open an account with IG?
Answer: There is no minimum deposit requirement to open an account with IG.
Question: What deposit methods are accepted on IG?
Answer: IG accepts deposits through debit cards, credit cards and bank transfers.
Question: What is the maximum leverage offered by IG?
Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.
Question: How can I contact IG customer service?
Answer: You can contact IG customer service by phone, email, online chat or social media.
Question: What trading platforms does IG offer?
Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.
Question: What is the average spread for EUR/USD at IG?
Answer: The average spread for EUR/USD is one pip.
Question: Does IG offer educational resources for traders?
Answer: Although information on educational resources on IG's website is limited, they offer a variety of live webinars and educational content on their YouTube channel.
Registered in | Japan |
Regulated by | FSA |
Year(s) of establishment | 15-20 years |
Trading instruments | domestic stocks, foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, insurance, etc. |
Minimum Initial Deposit | Information not available |
Maximum Leverage | 1:25 |
Minimum spread | Information not available |
Trading platform | own platform |
Deposit and withdrawal method | Information not available |
Customer Service | phone number, address, live chat |
Fraud Complaints Exposure | No for now |
It is important to 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. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of financial products available for investment
Clear and specific fee structure for each financial product
User-friendly and reliable trading platform developed by the company
Efficient and helpful customer support available 24/7
Regulated by the FSA, ensuring a high level of security and trustworthiness
Cons:
Lack of transparency regarding minimum deposit amount and trading account types
Limited educational resources for investors who are new to the market
No information provided on deposit and withdrawal methods, potentially causing inconvenience for clients
Maximum leverage of 1:25, which may not be as attractive for experienced traders looking for higher leverage ratios.
Advantages | Disadvantages |
SBI SECURITIES offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, SBI SECURITIES has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
SBI SECURITIES is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, SBI SECURITIES acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that SBI SECURITIES has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with SBI SECURITIES or any other MM broker.
SBI Securities was founded in 1988, changed its name to E-Trade Securities Co. in 1999, and launched its Internet service in July of the same year. In 2000, SBI Securities was granted full membership of the Osaka Securities Exchange, and in 2001, its assets increased to 11,501 million yen. In 2003, SBI Securities was granted the integrated trading status of the Nagoya Stock Exchange and became a specific general member of the Tomioka Stock Exchange. In 2006, SBI Securities, as a professional online securities company, exceeded the total number of securities accounts of one million for the first time and changed its name from E-Trade Securities Ltd. to SBI E-Trad Ltd. in July. 2007, SBI E-Trad Ltd. and SBI In 2014, the platform's net securities first consolidated securities account traded over 3 million accounts. In 2010, Net Securities' first consolidated securities account traded more than 5 million accounts. SBI Securities currently hold a retail foreign exchange license (license number: 3010401049814) issued by the Financial Services Agency of Japan.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Wide range of financial products available for investment | Some financial products may not be accessible to certain types of investors |
Access to both domestic and foreign stocks and investment trusts | Trading fees may be higher compared to some other brokers |
Availability of futures/options, CFDs, gold, silver, and warrants | Trading certain financial products may carry higher risks for investors |
Opportunities for diversification of investment portfolio | Lack of education and guidance for investors who are new to certain financial products |
SBI Securities offers a wide range of financial products for investors to choose from, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, and insurance. This allows investors to diversify their investment portfolio and take advantage of different market conditions. SBI Securities also provides access to both domestic and foreign markets, providing a wider range of investment opportunities. However, some financial products may not be accessible to certain types of investors, and trading fees may be higher compared to some other brokers. It is also important to note that certain financial products, such as futures/options and CFDs, carry higher risks for investors. Additionally, investors who are new to certain financial products may lack education and guidance, which could potentially lead to losses.
SBI Securities offers a transparent fee structure with specific fees for different financial products, which are clearly displayed on their website. This allows investors to make informed decisions and plan their trades accordingly. Additionally, the brokerage fee for some products such as Nikkei 225 CFDs is lower than the industry average, which can save investors money in the long run. However, some fees may be higher than those of competitor brokers, which may discourage some investors from using SBI Securities. Overall, SBI Securities provides a clear and transparent fee structure with no hidden fees, which can be beneficial for investors.
Advantages | Disadvantages |
Possibility of multiple account types | Lack of transparency |
Unclear minimum deposit amounts |
SBI Securities does not disclose its minimum deposit requirement for its trading accounts, which is a significant disadvantage for potential investors. However, it´s possible that the company offers flexible account types, and clients can choose from a range of accounts.
SBI Securities provides its users with a proprietary trading platform that offers advanced features such as charting tools, fast execution speed, and a user-friendly interface. The platform is compatible with both desktop and mobile devices, allowing users to trade anytime and anywhere. The advanced charting tools available on the platform enable traders to perform technical analysis efficiently and effectively, allowing them to make informed trading decisions. Although the platform is only available in Japanese, it is easy to navigate, and users who are not fluent in Japanese can use translation tools to understand the platform's functions. Overall, SBI Securities' proprietary platform is a reliable and efficient tool for traders who are looking for a feature-rich platform that is easy to use.
SBI SECURITIES offers a maximum leverage of up to 1:25, which is in line with the regulations set by the local authorities. This means that clients can trade with a much larger position size than their initial deposit, magnifying their potential profits and losses. While high leverage can be attractive to traders seeking to maximize their returns, it can also lead to significant losses if the market moves against them. Therefore, traders should exercise caution when using high leverage and have a solid risk management strategy in place to minimize potential losses.
SBI SECURITIES provides various deposit and withdrawal methods for their clients. However, the specific details and fees related to these methods are not mentioned on their website, which can make it difficult for clients to plan their transactions accordingly. The website provides limited information on the deposit and withdrawal process, requiring the client to log in to their account to access more details. While the transactions are secure and encrypted, the lack of information on the website can be a disadvantage. However, the processing time for deposits and withdrawals is quick and efficient, which is an advantage for clients. It is not mentioned on the website what the minimum deposit and withdrawal amount is, which can be a disadvantage for those who prefer to trade with a smaller amount.
SBI Securities does not offer any educational resources to its clients. There are no access to market analysis, news, forex basics or technical analysis. The lack of educational resources makes it challenging for beginners to start trading, as they would have to rely on external sources to gain knowledge about trading strategies and market trends. Moreover, advanced traders may feel limited as they have no access to research tools and data analysis. Therefore, SBI Securities should consider providing educational resources for its clients to improve their trading knowledge and skills.
Advantages | Disadvantages |
24/7 live chat available | Phone support with fees |
Prompt customer service | Limited customer service options |
Quick response time | Limited information on website |
SBI SECURITIES provides prompt customer service through their 24/7 live chat support. The customer service representatives are known for their quick response time and efficiency in handling customer inquiries. However, their phone support incurs fees, which may be a disadvantage for clients who prefer to call for assistance. Additionally, SBI SECURITIES has limited customer service options, with live chat being the only available option for immediate assistance. There is also limited information about their customer support on their website, which may make it difficult for clients to find answers to their questions.
In conclusion, SBI Securities is a Japan-registered company that offers various financial products, including stocks, bonds, foreign exchange, futures/options, CFDs, and more. The platform has a user-friendly interface, and the website provides a clear list of fees for each financial product, which is an advantage for traders. However, the lack of transparency on account types and deposit/withdrawal methods may be a disadvantage. Another drawback is the absence of educational resources, which could be useful for beginner traders. The customer support is good with a 24-hour live chat service and a phone number, although the latter has fees. Overall, SBI Securities is a regulated broker with a strong reputation in Japan, and traders who are comfortable with the limitations mentioned may find it to be a suitable option for their trading needs.
Question: What financial products does SBI Securities offer?
Answer: SBI Securities offers a range of financial products, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, insurance, and more.
Question: What is the maximum leverage offered by SBI Securities?
Answer: The maximum leverage offered by SBI Securities is up to 1:25, which complies with local laws and regulations.
Question: What customer support options are available at SBI Securities?
Answer: SBI Securities offers live chat support 24 hours a day and a phone number with fees for customer care.
Question: Does SBI Securities provide educational resources?
Answer: No, SBI Securities does not provide educational resources for clients.
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 ig and sbi-securities are, we first considered common fees for standard accounts. On ig, the average spread for the EUR/USD currency pair is EURUSD 0.6 Gold 0.3 pips, while on sbi-securities the spread is --.
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.
ig is regulated by ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA. sbi-securities is regulated by FSA.
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.
ig provides trading platform including Standard account,DMA account and trading variety including Foreign exchange, precious metals, CFD. sbi-securities provides trading platform including -- and trading variety including --.