Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

SBI

Japan|15-20 years|
Regulated in Japan|Retail Forex License|Medium potential risk|

https://www.live-sec.co.jp

Website

Rating Index

Capital Ratio

Capital Ratio

Good

Capital

$ 27,907,644 (USD)

Influence

A

Influence index NO.1

Japan 8.78

Capital Ratio

Capital Ratio

Good

Capital

$ 27,907,644 (USD)
Ranking in Japan: 63 /408
231.7%
安全的

Influence

Influence

A

Influence index NO.1

Japan 8.78

Surpassed 98.78% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://www.live-sec.co.jp
〒106-6029 東京都港区六本木1-6-1 泉ガーデンタワー 29階

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now
Invast Financial

Broker Information

More

Company Name

SBI Neotrade Securities Co., Ltd

Company Abbreviation

SBI

Platform registered country and region

Japan

Number of employees

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-03-19
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Risk Management

Updated Time 2020-09

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating

Users who viewed SBI also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IsandisoFX

7.47
Score
Within 1 yearRegulated in South AfricaFinancial Service CorporateMT4/5 full license
Official website

Exness

8.37
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose
Unable to withdraw

Taxes had to be paid for various reasons, funds could not be withdrawn, and the service (exchange) was finally closed.

1. The exchange name is SBI and is registered in China and Japan. When I traded in November 2023 on the website www.sbicllwllslqw.com. I could not withdraw. Later I found that there were three other URLs on the platform that were the same. I can log in to www.sbigtr.com, www.sbilamkiedjroc.com, or www.sbiuuolehjne.com with the same account and password. The notification emails are all from SBIofficial@protonmail.com (the mailbox SBI sent me is the same). But in February 2024, All websites and apps were closed unexpectedly. Currently, it is no longer possible to log in. On February 22, a letter was sent to stop the service. 2. On 2023/11/3 and 2023/11/4, I deposited 1,000 USDT and 1,100 USDT respectively. I didn’t know how to operate and lost money. So on November 27, 2023, I deposited 11,696 USDT and 20,000 USDT respectively (I borrowed money from a friend to deposit) and earned 78,161.40 USDT. Then I wanted to withdraw 16,000 USDT. The nightmare began, they required me to pay taxes for various reasons (1) SBI requires The real-name certification of the account and a legal citizen of Taiwan must pay a 5% deposit of the account balance to verify the operation! Margin: 3908.07USDT. As a result, I deposited 3999 USDT, but the number was different from it, so I paid another 3908.07USDT. (2) The total cross-border deposit of 20,000USDT has not yet paid the customs duty. Your current account is temporarily restricted from withdrawal. Please make the additional payment and your account will be updated. It can return to normal, the official tax rate is 17.6%, and the amount of back-tax payment is: 3520 USDT. At this time, my account reached 89588.47 USDT (the exchange will credit the first three payments into the account) (3) According to Taiwan Mainland July. 1st “Preventing Money Laundering and Combating Terrorism Financing for Virtual Currency Platforms and Trading Business Enterprises” formulated by the Financial Supervisory Commission, your current account is classified into a high-risk account category. SBI officials will no longer provide services for this account, and you are required to pay 6% of the account balance as a fee for canceling. The amount of the notarized deposit is 5375.2482USDT (4) Several TRX handling fees are transferred from mainland funds. To avoid the money laundering risk of mainland users, SBI officials carry out risk control and require Taiwanese legal citizens to pay a 3% deposit of the account balance. Carry out verification operation! Guaranteed amount: 2687.3241USDT (5) The withdrawal address has been filed for you. To avoid the risk of money laundering for users, SBI officials have detected that your account has a low overall score and require you to pay 4% of your account balance as the filing address. The number of registered funds was 3583.4988USDT. (3)-(5) were not credited to my account, so the exchange withheld (6) cross-border deposits, totaling 20,000 USDT. Profit accounted for cross-border funds. Total recharge amount: 45.1528 % Recently, it has been discovered that a large number of people are laundering money, and the source of the funds is unknown. The International Financial Supervisory Commission will implement new regulations from February 1, 2023. Currently, your account is subject to risk control and withdrawals are temporarily restricted. You are required to pay the profit tax before the account can be restored. Normally, the official tax rate is 19.7%, and the amount of back-payment of duties is 3807.56 USDT; this amount has not been paid. 3. Every time I pay a tax, I ask customer service whether I can withdraw the amount after paying it and return the deposit and duties paid. , cancellation of notary funds, etc. The answer comes the same every time. Currently, my account only has this amount of funds that need to be paid, and there are no subsequent funds that need to be paid. As a result, there are new questions to pay after paying. 4. I left this detailed information and hope that no one will be deceived like me in the future. I found that its registration URL can be used until 2024/9/22, and I am afraid that it will appear and continue to accept registrations for fraud. The platform of the website is Gname.com Pte. Ltd.5.

ANDESI
2024-02-23 00:34

SBI · Company Summary

SBI Review Summary in 6 Points
Founded 1948
Registered Country/Region Japan
Regulation FSA regulated
Financial Products & Services Cash stock, Margin trading, IPO, CFD, Investment trust, Futures, Insurance
Trading Platforms NEOTRADE W, Neotrade CFD
Customer Support Phone, Address, Social media, Contact us form, FAQ

What is SBI?

Originally established in 1948 and based in Japan, SBI is short for SBI Neotrade Securities Co., Ltd. The company offers a wide range of financial goods and services including Cash Stock, Margin Trading, IPO, CFD, Investment Trust, Futures, and Insurance for its clients. Currently, it operates under the regulation of the Financial Services Agency (FSA), with the license Director-General of the Kanto Local Finance Bureau (Kinsho) No. 8.

SBI's home page

In the upcoming article, we will analyze the features of this broker from various perspectives, providing you with clear and organized information. Should this strike a chord with your interests, we encourage you to read on. We will conclude the article with a brief summary, making for an easy catch-up on the broker's essential traits.

Pros & Cons

Pros Cons
• FSA regulated • Limited info on payment methods
• Wide range of financial products and services • Negative reviews from their clients
• Abundant and accessible customer supports
• Transparent fee structure

SBI carries several commendable attributes. It is a regulated establishment under the FSA, ensuring a degree of reliability. The company offers a wide spectrum of financial products and services, catering to a diverse clientele. Additionally, their approach to customer service is notable for its abundance and accessibility. Their fee structure also stands out for its transparency, providing clarity for clients.

However, the company is not without its shortcomings. Information on payment methods is not extensively detailed, which could pose a challenge for potential clients. Moreover, the existence of negative reviews from their clients raises a flag, indicating aspects of their service that may require improvement.

Is SBI Safe or Scam?

When considering the safety of a financial company like SBI or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:

  • Regulatory sight: Currently, SBI operates under the regulatory framework of the Financial Services Agency (FSA) and holds a Retail Forex license, numbered Director-General of the Kanto Local Finance Bureau (Kinsho) No. 8. While this regulatory affirmation may foster a sense of reliability, it's crucial to remember that simply having industry experience does not automatically equate to the legitimacy or security of a financial institution.

regulated by FSA
  • User feedback: The existence of 2 reports on WikiFX regarding withdrawal challenges emerges as potential alert signals. Before opting to interact with any broker or investment platform, it's wise to conduct in-depth research and due diligence to prevent making unfortunate choices.

  • Security measures: SBI enhances its security measures through the enforcement of a rigorous privacy policy. This policy elaborates their thorough approach to handling and safeguarding users' personal information.

Ultimately, the decision to trade with SBI is an individual one. It is crucial that traders carefully weigh the potential risks and rewards before making a final choice.

Financial Products & Services

SBI presents a wide variety of financial products and services that cater to the diverse needs of its clientele.

One of these is Cash Stock, a straightforward and traditional way of investing where clients purchase shares of a company's stock at full price.

For more speculative clients, they offer Margin Trading, an approach that allows investors to borrow funds to buy more shares than they could afford on their cash balance alone.

An Initial Public Offering (IPO) is also available, giving customers the opportunity to buy shares of a company when it first goes public, often a time when prices are most competitive.

Contract for Difference (CFD) is another service provided, offering a contract between an investor and an investment bank, or a spread-betting firm. At the end of the contract, the parties exchange the difference between the opening and closing prices of a specified financial instrument.

With Investment Trusts, clients can pool their fund to gain exposure to a range of assets.

Meanwhile, the Futures offer customers a chance to enter agreements to buy or sell assets at a future date for a set price, which can be a great way to hedge risk.

Last but not least, SBI provides Insurance services, offering policies that can protect clients and their assets from potential risks.

Accounts

The company offers different types of accounts to cater to the unique needs of its clients.

For starters, they provide a Securities Account which caters to both individual and corporate clients. This type of account allows investors to buy and sell stocks and other types of securities.

Then, there's the Margin Trading Account, aimed at traders willing to borrow money from the broker to purchase securities, offering the potential for higher profits but also greater risks.

Lastly, they offer a CFD Trading Account, specifically designed for traders interested in Contracts for Difference (CFD). This type of account allows clients to speculate on fast-moving global financial markets like forex, indices, commodities, shares and treasuries.

Each account type has its unique benefits and risks, and choosing the right one depends on the individual trader's financial goals and risk tolerance. For more details such as required docs and steps to open accounts, minimum deposit etc., traders should visit the companys web to follow related rule to start their journey with the compay.

Accounts

Trading Tools

SBI offers an array of trading tools that are compatible with various operating systems and devices.

The 'NEOTRADE W' (web browser version) is available for use on Windows 8.1, Windows 10, and Windows 11 operating systems. It is compatible with the Edge, Chrome, and Firefox web browsers. However, it does not support Mac OS, Safari browser, Android, and iPad tablet devices.

The 'NEOTRADE R' (downloadable version) is designed to work on Windows 8.1, Windows 10, and Windows 11 operating systems. Unlike 'NEOTRADE W', this version doesn't support any web browsers and tablet devices.

The trading tool 'Turnip board' is exclusively compatible with Windows 10, Windows 11 (Operating Systems), and Mac OS 10 or higher. It supports the Edge and Chrome browsers but is not compatible with Firefox, Safari, Android, and the iPad.

The 'Market Information' tool caters to both Windows 10, Windows 11 users, and Mac OS 10 or higher. Like 'Turnip board', it too supports Edge and Chrome browsers, and it doesn't support Firefox, Safari, Android, and iPad.

Lastly, 'Neotrade CFDs' is designed for Windows 10, Windows 11, and a Mac OS of 10.14 or higher. It is compatible with Edge, Chrome, and Safari browsers but not available for Firefox, Android, and iPad tablet devices.

Please note that SBI recommends using certain tools with the Chrome browser for optimal performance. For full details and updates, traders are advised to visit the company's official website.

Trading Tools

Fees

SBI employs a varied fee structure tailored to its diverse range of products. For example, fees associated with CFD trading are specified as per a distinct framework as below. For instance, while trading fees are waived, various other fees such as loss cut fees, call fees, and certificate issuance fees apply. An increase in fees is also implemented for the reissuance of certificates each 200 months. The diversification of the fee structure requires traders visiting the official SBI website or contact with the company for a comprehensive understanding of all charges associated with their preferred products before engaging any real trading.

Fee Type Amount
Trading Fee Free
Loss Cut Fee (Index CFD) 110 yen/unit
Loss Cut Fee (Individual Stock CFD) 55 yen/unit
Account Management Fee Free
Call Fee 2,200 yen/time
Certificate Issuance Fee 2,200 yen/type
Fee for Reissuance of Certificates Increases by 12,2 yen every 200 months

User Exposure on WikiFX

On our platform, we highlight a total of 2 withdrawal issue reports on WikiFX, which undoubtedly raises a considerable red flag. We strongly encourage all traders to comprehensively scrutinize any available information prior to risking hard-earned capital. Designed to be an exhaustive resource, our portal aims to help traders in making informed choices. If you've been affected by financial scams or fallen prey to such instances, we urge you to share your experiences in our 'Exposure' segment. Your participations are highly valuable. Rest assured, our committed team is persistent in tackling these issues, ardently pursuing effective solutions for such complex circumstances.

User Exposure on WikiFX

Customer Service

SBI provides a variety of support options for their clients. They can be reached via address, phone and through a “Contact Us” form for general inquiries and concerns. Clients can also engage with them on social media such as Twitter and add the companys LINE account for updates and information.

Phone:0570-550-290

Address: 〒106-6029 Tokyo, Minato-ku, Roppongi 1-6-1 Izumi Garden Tower 29F.

contact details
Contact Form
LINE OR code

In addition to its primary customer support, SBI also incorporates an FAQ page as an auxiliary channel to assist its customers further.

Conclusion

SBI, originally established in 1948, is a financial establishment based in Japan and regulated by the Financial Services Agency (FSA). It offers an array of diversified financial products and services that cater to both private and corporate clients, including cash stocks, margin trading, IPOs, CFDs, investment trusts, futures, and insurance.

Nevertheless, the need for thorough due diligence cannot be overemphasized. Of note, there are two reported incidents of withdrawal issues on WikiFX, serving as a critical warning sign.

Despite SBI's impressive background and exhaustive range of services, potential investors are advised to conduct comprehensive investigations and directly engage with SBI for the latest and accurate facts before making any solid investment decisions. This is essential to wholly understand the possible risks and rewards tied to their financial services.

Frequently Asked Questions (FAQs)

Q 1: Is SBI regulated?
A 1: Yes, it currently under FSA regulation with the license Director-General of the Kanto Local Finance Bureau (Kinsho) No. 8.
Q 2: Is SBI a good broker for beginners?
A 2: Yes, it‘s a good broker for beginners because it’s well regulated by FSA.
Q 3: Whats the products and services of SBI?
A 3: SBI offers services including Cash stock, Margin trading, IPO, CFD, Investment trust, Futures, Insurance.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and 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.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

FX1618187016
more than one year
SBI is a company I would not advise trusting. I had hoped they would be as trustworthy as Easy be, but I was unfortunately mistaken.
2024-02-06 17:57
Reply
0
0
邱浩銓
more than one year
First, I don’t tell lies. SBI is a great platform that's totally above board and transparent. Trading fees are reasonable and won't break the bank. The only drawback is that their customer service can be a bit slow to get back to you. Overall though, I'm really impressed with SBI Neotrade Securities and I'd definitely recommend it to any trader who wants a reliable and trustworthy platform.
2023-03-23 18:41
Reply
0
0
张浩32357
more than one year
The website of this Japanese company looks good, but I feel that it will be troublesome to deal with it as a foreigner (the main reason is that the website does not have English or Chinese), so I may not have the opportunity to trade with it
2022-12-13 11:32
Reply
0
0
3
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com