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Do you want to know which is the better broker between SBI SECURITIES and LiteForex ?
In the table below, you can compare the features of SBI SECURITIES , LiteForex side by side to determine the best fit for your needs.
EURUSD: 0.8
XAUUSD: 1.3
Long: -8.4
Short: 1.2
Long: -38.38
Short: 10.25
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, liteforex 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 | 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.
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, metals, energy |
Minimum Initial Deposit | $50 |
Maximum Leverage | 1:30 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer, credit card, skrill, neteller, etcetera |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
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 tradable markets including currency pairs, indices, metals, and energy.
Competitive average spread for EURUSD at 0.5 pips.
Offers demo account for risk-free trading.
Two types of live accounts to choose from based on trading habits.
Provides various educational resources such as glossary, e-books, tutorials, and economic news.
Multiple language support for customer service.
Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees.
Cons:
Limited information on spreads and commissions.
No information available on cryptocurrencies or stocks.
Maximum leverage of 1:30, which may not be sufficient for some traders.
No mobile trading platform available.
Limited working hours for customer service.
Advantages | Disadvantages |
No conflict of interest | Higher spreads than market makers |
Straightforward pricing | No fixed spreads |
Lower trading costs | Possible requotes during volatile markets |
No trading restrictions | Slower order execution than market makers |
LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.
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 |
Large range of trading markets available | Cryptocurrencies and stocks currently unavailable |
Suitable for both beginners and experienced traders | No information on the number of instruments offered |
Access to currency pairs, indices, metals, and energy | No information on the availability of exotic pairs |
LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex's instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks.
Advantages | Disadvantages |
Tight and variable spreads | Lack of transparency on spread and commission information |
Competitive average spread for major currency pairs | No information on commission charges |
No hidden fees or charges |
LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.
Advantages | Disadvantages |
Demo account available to practice trading | Limited account types offered |
Two types of live accounts available to choose from based on personal preferences | Lack of clear information on spreads and commissions |
Option to choose between zero commission with higher spreads or lower spreads with $3 commission per lot |
LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences. However, there is limited information available on spreads and commissions, which may be a disadvantage for some traders. Overall, LiteForex's account options cater to both new and experienced traders.
Advantages | Disadvantages |
MT4 and MT5 are both popular platforms | Some traders may prefer other platforms |
Well-known and trusted by traders | Limited customization options |
Easy to use and navigate | Limited charting tools and indicators |
Wide range of features and tools | Limited options for automated trading |
Ability to use expert advisors | Limited compatibility with other platforms |
Fast and reliable execution | No proprietary platform for unique features or advantages |
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited. Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders.
Advantages | Disadvantages |
Allows traders to increase their trading position with a relatively small amount of capital | High leverage increases risk and potential losses |
Can lead to higher profits with successful trades | Inexperienced traders may be tempted to over-leverage their positions |
Attracts traders with smaller capital amounts | Changes in market conditions can lead to sudden losses |
Offers flexibility in trading strategies | Regulators may restrict leverage levels in certain regions |
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions. Overall, traders should carefully consider their risk tolerance and trading strategy when using leverage.
Advantages | Disadvantages |
Various payment methods available | No mention of e-wallet options |
Minimum deposit is only $10 | Limited information on withdrawal processing times |
No additional fees for deposits or withdrawals | No option for local bank transfer in some countries |
LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.
Advantages | Disadvantages |
A wide range of educational resources such as e-books, tutorials, strategies, and traders‘ calculators are available to traders. | The educational resources may not be suitable for all levels of traders. |
Economic calendar, analytics, currencies rates and economic news are provided to help traders make informed decisions. | The educational resources may not be regularly updated, which can lead to outdated information. |
The educational resources are easily accessible and user-friendly. | The educational resources may not cover all trading aspects. |
The educational resources are available in multiple languages. | The quality of some educational resources may not be of high standards. |
LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders’ calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions. However, the quality of some educational resources may not be of high standards, and they may not be suitable for all levels of traders. Additionally, the educational resources may not be regularly updated, which can lead to outdated information. Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages.
Advantages | Disadvantages |
Multiple language support | Limited working hours |
Multiple contact options (email and phone) | No live chat available |
Physical address provided | No 24/7 customer support |
Quick response time during working hours |
LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.
In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.
Is LiteForex a regulated forex broker?
Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).
What trading platforms does LiteForex offer?
LiteForex offers two popular trading platforms, MT4 and MT5, that are widely used by traders worldwide.
What financial instruments can I trade on LiteForex?
LiteForex provides access to a wide range of trading instruments, including currency pairs, indices, metals, and energy.
Does LiteForex offer a demo account?
Yes, LiteForex offers a demo account that allows you to try out the financial markets without the risk of losing money.
What are the minimum deposit and withdrawal amounts on LiteForex?
The minimum deposit and withdrawal amounts on LiteForex are both 10 USD.
What are the customer service working hours of LiteForex?
The customer service of LiteForex is available from 9 a.m. to 9 p.m. (GMT +2) on Monday to Friday.
What are the possible payment methods for deposit and withdrawal on LiteForex?
LiteForex supports various payment methods, including electronic transfers, bank cards, and bank wire transfers. There are no extra fees for deposits and withdrawals.
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 liteforex 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 liteforex the spread is from 2.0 points.
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. liteforex is regulated by CYSEC.
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 --. liteforex provides trading platform including CLASSIC,ECN and trading variety including --.