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XTB , SBI SECURITIES Broker Comparison

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

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

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
XTB
6.94
Regulated
Under guarantee
15-20 years
CYSEC,FCA,ICDX,BAPPEBTI
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SBI SECURITIES
7.98
Regulated
Under guarantee
--
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
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XTB 、 SBI SECURITIES BrokerRelated News

XTB BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do xtb and sbi-securities have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

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

Forex broker introduction

xtb
Quick XTB Review Summary
Founded in 1995
Registered inUK
Regulated byCySEC, FCA
Trading Instruments6,898, stocks, ETFs, forex, indices, commodities
Demo Account
Min Deposit£0
LeverageUp to 1:500
EUR/USD SpreadFloating around 1.0 pips
Trading PlatformMobile, Desktop, Tablet
Payment MethodxStation5 (Mobile, Desktop, Tablet)
Deposit Fee
Withdrawal FeeFree for withdrawal above 50 USD/EUR/GBP
5 USD/EUR/GBP for withdrawal below 50 USD/EUR/GBP
Inactivity FeeA monthly fee of 10 GBP will be charged if no purchase or sale transaction within 365 days
Customer Support24/5 live chat
Tel: +44 2036953086
Email: uksales@xtb.com

XTB Information

XTB is a UK registered online forex and CFD broker that is regulated by the FCA and CYSEC. The company offers trading in 6,898 financial instruments including stocks, ETFs, forex, indices, and commodities with leverage up to 1:500, spread from 0.5 pips and zero commissions for CFD trading via Mobile, Desktop, and Tablet platforms.

XTBs homepage

Pros and Cons of XTB

Pros:

  • Regulated by CySEC and FCA
  • Commission-free trading
  • No minimum deposit requirement
  • Rich educational resources including educational articles, market analysis, aneBooks

Cons:

  • Only offers a standard account type
  • Withdrawal below 50 USD/EUR/GBP will be charged a fee of 5 USD/EUR/GBP
  • A monthly fee of 10 GBP will be charged if no purchase or sale transaction within 365 days
  • Customer support is not available 24/7

Is XTB Legit?

Yes. XTB is currently regulated by Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA).

Regulated CountryRegulatorRegulated EntityLicense TypeLicense No.
Cyprus
CySECXTB LtdMarket Making (MM)169/12
UK
FCAXTB LimitedStraight Through Processing (STP)522157
Regulated by CySEC
Regulated by FCA

Market Instruments

XTB offer 6,898 tradable instruments, including stocks, ETFs, forex, indices, and commodities. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform.

Asset ClassSupported
CFDs
Stocks
ETFs
Forex
Indices
Commodities
Cryprocurrencies
Bonds
Options

Account Type

XTB only offers a single standard account type, and no minimum deposit requirement.

There are no fees for account opening and maintenance, while 0.5% for currency conversion.

Leverage

XTB offers a maximum leverage of up to 1:500. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies.

Spreads and Commissions

XTB offers spread from 0.5 pips. Specifically, spread on the EUR/USD pair is floating around 1.0 pips.

As for commissions, there is no commission for trading CFDs, while there may be a commission charged for stocks and ETFs investing. You can find detailed info in the table below:

Commission for trading CFDs
Stocks and ETFs investing commissionFor monthly turnover equivalent up to 100, 000 EUR
After that0.2%, min 10 GBP

Trading Platform

XTB only offers its proprietary platform, available on Mobile, Desktop, and Tablet devices. It does not support any third-party trading platforms, such as the industry-leading MT4 and MT5, which could be a disadvantage for some traders.

Trading PlatformSupported Available Devices Suitable for
Proprietary platformMobile, Desktop, Tablet/
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

XTB accepts payments via MasterCard, Maestro, Visa, Bank transfer.

The accepted currencies are USD, EUR, and GBP.

It does not charge any fees for deposits and process them quickly.

Withdrawal above 50 USD/EUR/GBP is free of charge, while withdrawal below 50 USD/EUR/GBP will be charged a fee of 5 USD/EUR/GBP.

As for the withdrawal processing time, withdrawal before 1 PM can be processed on the same business day, while withdrawal after 1 PM will be processed on the next business day.

Deposits 1
Deposits 2
Withdrawals

Conclusion

Overall, XTB is a well-regulated and reputable forex broker with many years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and user-friendly trading platforms with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders.

However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders.

Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.

sbi-securities
SBI Securities Review Summary
Founded1999
Registered Country/RegionJapan
RegulationFSA
Market InstrumentsForex, Stocks, Bonds, ETFs, Mutual Funds, CFDs, Gold/Platinum, NISA, iDeCo
Demo AccountAvailable
LeverageUp to 1:25 (for FX)
SpreadFrom 1 pip (FX pairs),0.5 pips(CFDs)
Trading PlatformProprietary web and mobile platforms, HYPER SBI
Min Deposit¥10,000
Customer SupportPhone: 0120-104-214
Email: contact@sbisec.co.jp
24/7 Online Chat: No
Physical Address: Japan

SBI Securities Information

Established in 1999 with a headquarters in Japan, SBI Securities is under FSA control. Forex, equities, bonds, ETFs, mutual funds, and more are among the several market tools it provides with leverage up to 1:25 for FX trading. The platform offers proprietary web and mobile trading systems including HYPER SBI and enables a minimum deposit of ¥10,000.

SBI Securities Information

Pros and Cons

ProsCons
Over 150+ financial products and servicesLimited leverage for FX (max 1:25)
Provide NISA and iDeCo accounts for tax advantagesNo 24/7 customer support
Regulated by FSA

Is SBI Securities Legit?

Current StatusRegulated
License TypeRetail Forex License
Regulated ByJapan
License No.関東財務局長(金商)第44号
Licensed Institution株式会社SBI証券
Is SBI Securities Legit?

What Can I Trade on SBI Securities?

SBI Securities offers a 150+ stocks, 30+ currency pairs, and various ETFs, mutual funds, and bonds.

Tradable InstrumentsSupported
Forex
Stocks(Overseas and Japan stock)
ETFs(Overseas)
Mutual Funds
Bonds
Commodities
Options
Cryptocurrencies
What Can I Trade on SBI Securities?

Leverage

SBI Securities only provides 1:25 leverage for FX pairs.

Account Types

SBI Securities offers multiple account types: regular investment accounts, NISA accounts, and iDeCo pension accounts.

Demo accounts are also available.

Account TypeMinimum DepositFeatures
Regular Account¥10,000Access to all products and services
NISA Account¥0Tax-advantaged investing
iDeCo AccountVariablePension-specific tax benefits

SBI Securities Fees

With specified fees for domestic stock transfers under different names and ¥3,300 for investment trust transfers, SBI Securities offers free account administration, deposits, withdrawals, and most transfers.

Trading Fees

ServiceFee
Domestic StocksStarting from ¥99 per trade
Investment TrustsVaries by fund (management fees apply)
FX (Foreign Exchange)From 1 pip (spread only)
ETF/ETNVaries by issuer
REITsVaries by issuer
BondsDepends on bond type
CFDsFrom 0.5 pips (spread only)

Non-Trading Fees

ServiceFee
Account Opening and ManagementFree
Bank Transfer DepositsCustomer-borne transfer fees
Instant Deposits/Real-Time DepositsFree
WithdrawalsFree
Domestic Stock TransfersFree (same-name)
Domestic Stock Transfers (different names)¥2,200 per brand (tax incl.)
Investment Trust TransfersFree (same-name) / ¥3,300 per brand (tax incl.)
Foreign Stock TransfersFree (same-name) / ¥2,200 per brand (tax incl.)

Paid Services (Optional)

ServiceFee
Premium News¥37,125/month (tax incl.)
Real-Time US Stock Prices¥550/month (tax incl.)
BroadNewsStreet¥330/month (tax incl.)
SBI Securities Fees

Trading Platform

SBI provides different App for different products.

Trading PlatformSupportedAvailable DevicesSuitable for
HYPER SBIWindows, macOSStock traders
SBI Mobile AppiOS, AndroidOn-the-go trading
Unique App for different products(SBI stock App, Domestic socks smartphone site.etc)WebGeneral and retail traders
Trading Platform

Deposit and Withdrawal

SBI Securities does not charge withdrawals or deposits fees. Account type determines the minimum deposit; it ranges from ¥10000 in standard account.

Do xtb and sbi-securities have lower transaction costs?

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 xtb and sbi-securities are, we first considered common fees for standard accounts. On xtb, the average spread for the EUR/USD currency pair is -- pips, while on sbi-securities the spread is --.

Which broker between xtb, sbi-securities 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.

xtb is regulated by CYSEC,FCA,ICDX,BAPPEBTI. sbi-securities is regulated by FSA.

Which broker between xtb, sbi-securities 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.

xtb provides the -- platform with products like --; sbi-securities offers the -- platform featuring assets including --.

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