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SBI SECURITIES , Dukascopy Bank Broker Comparison

Do you want to know which is the better broker between SBI SECURITIES and Dukascopy Bank ?

In the table below, you can compare the features of SBI SECURITIES , Dukascopy Bank 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
SBI SECURITIES
7.97
Regulated
Under guarantee
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Dukascopy Bank
7.41
Regulated
Under guarantee
Above 20 years
FSA,FINMA
Payment cards,Wire Transfer,Skrill,Neteller,Cryptocurrencies,Bank guarantees
C
C
786.5
779
779
794
794
779
794
AA

EURUSD: 0.2

XAUUSD: --

-1
-1
--
B
24.06 USD/Lot
--
C

Long: -6.31

Short: 2.93

Long: -426.02

Short: 242.74

AA
--
--
MT4,JForex
Forex, cryptocurrencies, CFDs, metals
$100
1:200
from 0.1
0.00
--
0.01
--

SBI SECURITIES 、 Dukascopy Bank BrokersRelevant information

Dukascopy Bank 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 sbi-securities, dukascopy 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

sbi-securities
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 and cons of SBI SECURITIES

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.

What type of broker is SBI SECURITIES?

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.

General information and regulation of SBI SECURITIES

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.

General information

Market instruments

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.

market instruments

Spreads and commissions for trading with SBI SECURITIES

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.

Trading accounts available in SBI SECURITIES

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.

Trading platform(s) that SBI SECURITIES offers

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.

trading platform

Maximum leverage of SBI SECURITIES

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.

Deposit and Withdrawal: methods and fees

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.

Educational resources in SBI SECURITIES

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.

Customer service of SBI SECURITIES

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.

customer support

Conclusion

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.

Frequently asked questions about SBI SECURITIES

  • 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.

dukascopy

1Yes - Visual 11.jpg


Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland. The bank specializes in providing cutting-edge internet-based and mobile trading services, with a strong focus on foreign exchange, CFDs, and binary options. Additionally, the bank offers a wide range of banking and financial services, all supported by their in-house technological solutions.


Dukascopy Bank was established on November 2, 2004, in Geneva by Andre and Veronika Duka, both Swiss nationals residing in Geneva who continue to maintain a 99% ownership stake in the company. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm.


Yes - Visual 10.jpg


Dukascopy Bank fully owns Dukascopy Europe IBS AS, a European licensed brokerage company based in Riga and Dukascopy Japan, a Type-1 licensed broker located in Tokyo. In addition to its Geneva Headquarters, Dukascopy Bank has offices in Riga, Tokyo and Hong Kong. Currently, Dukascopy Group employs over 300 staff.


The Dukascopy Group primarily offers online and mobile trading services through the SWFX - Swiss FX Marketplace, which is Dukascopy's proprietary ECN (Electronic Communication Network) technological solution and a registered trademark.


1Visual 04.jpg


Dukascopy main features

☑️Regulations

FINMA (Switzerland), JFSA (Japan), FCMC (Latvia)

💰 Account currency

USD, CHF, EUR, GBP, AUD, CAD, CZK, DKK, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, CNH, SEK, SGD, TRY, XAU and ZAR

🗺 Supported Languages

English, Spanish, German, French, Arabic, Russian, Portuguese, Japanese, Chinese, Slovak, Czech, Polish, Italian, Hungarian

📊 Accounts

ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing).

💰 Products (CFD)

Currencies, Commodities, Indices, ETFs, Stocks, Bonds, Crypto

💵 Min Deposit

$100 (Dukascopy Bank SA), $100 (Dukascopy Europe IBS AS)

💹 Margin Call / Stop Out:

100%/200%

📈️ Min Order

0.01 

💱 Spread

From 0.1 pips for EUR/USD

💹 Max Leverage

From 1:1 to 1:200 on weekdays/ from 1:1 to 1:60 on weekends (JForex4 platform - limitations may apply), 1:25 (Dukascopy Japan)

🖥 Trading Desk Type

All trading orders are executed fully automatically by the trading system. Order execution is STP (Straight-Through Processing) without any human intervention

📊 Trading Platforms

JForex4 and MT4 platform, both are available for desktop and mobile.

💳 Deposit Options

Wire Transfer (SWIFT, SEPA), Debit/Credit Card, Cryptocurrencies, Skrill, Neteller, Bank guarantee

💳 Withdrawal Options

Bank Transfer, Transfer to crypto exchange, Skrill, Neteller, Payment Card

🕑 Time to Withdrawal

Withdrawal request is processed within 1 working day

🕝 Time to Open an Account

The deposit is processed within 1 working day

₿ Cryptocurrencies

Bitcoin, Cardano, Litecoin, Stellar, Dash, Enjin Coin, TRON, Uniswap, EOS, Ethereum, Basic Attention Token, Chainlink, Polygon

🗓 Foundation Year

2004 (Geneva, Switzerland)

🎁 Contests and bonuses

Yes


What you will get


Dukascopy offers an exceptional trading experience that is worth every trader's attention. With a client-first approach, Dukascopy provides numerous advantages, making them a standout choice for anyone looking to enter the financial markets. Dukascopy's commitment to cost-efficiency is evident through their low spreads, allowing for savings on trading costs. Swift execution ensures obtaining the best possible prices, providing a competitive advantage in trades. Additionally, with deposit protection of up to CHF 100,000, you can trade with peace of mind.


The unique trading platform, JForex4, Dukascopy's proprietary solution, is user-friendly, making trading accessible even for beginners. JForex4 presents over 200 technical indicators and trading widgets to help in staying informed about potential opportunities. With support for minute timeframes like ticks and seconds, it is perfect for scalping. Dukascopy's 19 years of experience and Swiss banking license instill trust and security. With over 1200 instruments, leverage up to 1:200, and 24/7 live trading support, Dukascopy stands as a trusted partner to guide traders through their trading journey. 




Yes - Visual 02.jpg


Moreover, Dukascopy offers a great feature – detailed historical price feed data makes it easier to develop and test trading strategies. This data covers various financial instruments, helping traders make informed decisions and reducing the risk of price manipulation. Dukascopy's extensive data archive is a useful resource for creating trading strategies, especially for high-frequency trading, and provides practical insights.


With such a comprehensive offering, Dukascopy is the go-to choice for transparent and professional trading services. Make a smart move and open an account today!


 Advantages of Dukascopy

Attractive trading conditions

Client funds protected up to CHF 100,000, with EUR 20,000 cover for Dukascopy Europe.

Online account opening with video identification

Accumulating liquidity from various sources (banks, brokerage companies, liquidity providers, internal liquidity pool)

ECN accounts with a minimum deposit requirement of $100 - JForex4, MT4, PAMM, Binary options (all available for demo testing).

A wide range of free financial information and other attractive resources is available through its website, including Dukascopy TV

Extensive variety of trading platforms, JForex4, MT4 (available for desktop and mobile)

Manual and automated trading and trading directly from the chart

Hedging and scalping allowed

Slippage control

Swap free accounts upon request (conditions apply)

200 indicators and chart studies and automated trading historical tester

Wide range of trading orders: MIT, limit orders, eco and TP/SL orders

Deposit bonus up to 100% 

Leverage up to 1:200


Yes - Visual 03.jpg


Dukascopy regulations 


Dukascopy is strictly supervised and regulated by esteemed regulatory bodies. The regulatory authorities play a pivotal role in ensuring Dukascopy’s compliance with the highest standards of financial and securities industry practices.


Dukascopy's international presence is underlined by its licenses and oversight by regulatory authorities in different parts of the world:


  • Dukascopy Bank SA is licensed and regulated as a bank and as a securities firm by the Swiss Financial Market Supervisory Authority (FINMA), which is classified as a Tier-1 regulator.

  • Dukascopy Europe IBS AS is licensed and regulated by the Bank of Latvia, also recognized as a Tier-1 regulator. 

  • Dukascopy Japan K.K. is licensed and regulated by the Financial Services Agency of Japan (JFSA), known as a Tier-1 regulator.


These regulatory bodies set specific requirements for Dukascopy, and the company has diligently complied with them since 2004. It is important to note that failure to comply with these requirements could result in the withdrawal of the bank's license. Regular audits are conducted to ensure adherence to Swiss laws. Dukascopy also ensures client security by providing deposit protection for amounts up to CHF 100,000, in line with Swiss financial service provider requirements.


Yes -Visual 9.jpg


Dukascopy is widely regarded as one of the safest brokerage firms. They maintain strict safety standards and hold official licenses from respected financial regulators. Routine audits by PKF for internal affairs and KPMG for financial records further solidify their commitment to safety and financial integrity.


In summary, Dukascopy's reputation as a trusted and stable entity is due to its adherence to three top-tier regulations, regular audits, stringent safety standards, and a strong commitment to transparency. These qualities make Dukascopy a reputable choice for investors around the world.


Trading terms for Dukascopy clients


Traders opt for Dukascopy due to its well-established reputation for providing a secure trading environment. Dukascopy Bank SA, headquartered in Switzerland, operates under the regulation of the Swiss Financial Market Supervisory Authority (FINMA). This regulatory oversight ensures strict adherence to financial standards and secures client accounts up to CHF 100,000.


Dukascopy takes pride in delivering favorable trading terms to its clients. By offering narrow spreads, cost-effective commissions, and access to abundant liquidity from numerous providers, Dukascopy enables traders to execute trades at competitive rates, ultimately increasing their profitability.

 

Dukascopy also permits traders to select from a range of trading accounts, including Standard, ECN, and Islamic accounts, to suit various trading styles and preferences.


Yes - Visual 15.jpg


Furthermore, in addition to the widely-used MT4 platform, Dukascopy presents its proprietary JForex4 trading platform, available for both desktop and mobile devices. This platform grants traders the flexibility to monitor and participate in the markets from anywhere, ensuring they never miss a trading opportunity. Dukascopy's JForex4 mobile platform offers real-time quotes, comprehensive order management features, and full account accessibility.


With Dukascopy, you can transfer funds directly from the JForex platform to a multi-currency banking account (MCA), without any associated fees. The MCA account supports various payment methods, including card and cryptocurrency transactions.


Trading features

🔧 Instruments

1200+ instruments including: FX, Commodities (CFD), Indices (CFD), Bonds (CFD), Stocks (CFD), ETF (CFD), Crypto (CFD)

🏛  Liquidity Provider

Liquidity providers are represented by centralized marketplaces and a number of banks which continuously provide ask and bid prices on the market. The sentiment ratio of this group is opposite to liquidity consumers data because, for each trade executed through SWFX, there are two equal and offsetting over-the-counter transactions

⚡Lightning-fast order execution

Yes

🎧 Customer support

24h/7 multi-language support via chat, phone and email

⭐ Other

A wide range of order types, including stop-loss and limit orders

📱 Mobile trading

Yes


Are the transaction costs and expenses of sbi-securities, dukascopy 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 sbi-securities and dukascopy are, we first considered common fees for standard accounts. On sbi-securities, the average spread for the EUR/USD currency pair is -- pips, while on dukascopy the spread is from 0.1.

Which broker between sbi-securities, dukascopy 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.

sbi-securities is regulated by FSA. dukascopy is regulated by FSA,FINMA.

Which broker between sbi-securities, dukascopy 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.

sbi-securities provides trading platform including -- and trading variety including --. dukascopy provides trading platform including MT4,JForex and trading variety including Forex, cryptocurrencies, CFDs, metals.

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