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Score

7.89 /10
Good

SBI FXTRADE

Regulated in Japan

Retail Forex License

Medium potential risk

Perfect
B

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Score

License Index 7.83
Business Index 8.17
Risk Management Index 8.90
Software Index 7.05
Regulatory Index 7.81
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Licenses

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

Single Core

1G

40G

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Regulatory disclosure

Warning

JP FFAJ
2018-06-15
BARCLAYS
BI Liquidity Market

Contact number

Japanese

+81 0120-982-417

Broker Information

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Company Name

SBI FXTRADE Co., Ltd.

Company Abbreviation

SBI FXTRADE

Platform registered country and region

Japan

Number of employees

Company website

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WikiFX Risk Alerts
Previous Detection : 2023-05-31
  • The current information shows that this broker does not have a trading software. Please be aware!

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SBI FXTRADE · Company summary

General Information & Regulation of SBI FXTRADE

SBI FXTRADE was established in 2011 11, headquartered in Tokyo, Japan, with a registered capital of 960 million yen, with its head office a member of the Japan Financial Futures Trading Association (Member No. 1588), a member of the Japan Crypto Asset Trading Association (Member No. 1026). SBI FXTRADE currently holds a retail foreign exchange license from the Japan Financial Services Agency, with regulatory number 2010401096907.

Products & Services of SBI FXTRADE

SBI FXTRADE provides investors with financial products and services such as over-the-counter foreign exchange margin trading, options, foreign reserve exchange, and cryptocurrency CFDs.

Minimum Deposit of SBI FXTRADE

As what announced on the SBI FXTRADE website, forex trading can start with a minimum deposit of $1, which sounds pretty reasonable for beginners to get started. Additionally, a demo account is also available for traders.

Leverage of SBI FXTRADE

According to Japanese laws, the maximum trading leverage for individual forex trading account is capped at 1:25. New traders are advised not to use high trading leverage, for leverage can magnify returns but also risks.

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Trading Rules of SBI FXTRADE

Over-the-counter foreign exchange trading is available from Monday 7:00 am to Saturday 5:30 am Japan time (summertime) and Monday 7:00 am to Saturday 6:30 am winter time. There is no minimum deposit limit, and the deposit currency is Japanese yen, leverage for individual accounts is 10x and 25x, transaction fees are free, and account management fees are free. Trading hours for Options FX (Put Options, Call Options) are Monday-Friday (JST): 08:30am-05:30am. Trading hours for Cryptocurrency CFDs are 7:00 am-6:30 am (early morning) daily with 2x leverage.

Spreads of SBI FXTRADE

The spread for USD/JPY is 0.05 JPY, for GBP/JPY is 0.3 JPY, for AUD/JPY is 0.2 JPY, for NZD/JPY is 0.3 JPY, for CAD/JPY is 0.3 JPY, for HKD/JPY is 0.05 JPY and for offshore RMB/JPY is 0.1 JPY.

Trading Platform Available

SBI FXTRADE offers trading software for Windows, Web, and smartphones.

Deposit and Withdrawal of SBI FXTRADE

SBI FXTRADE offers two ways to deposit funds to your account in Forex: normal deposit or quick deposit. In case of normal deposit using bank transfer or online banking, the deposit will arrive within 1-3 hours (after 15:30, the next day) at the trader's expense. In terms of a fast deposit, investors can make a deposit via trading software, which is immediately available in 24 hours and free of charge for deposits over 1,000 yen. After the deposit is made to the Forex account, it can be deposited to the option Forex account by transfer.

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FX1455792832
more than one year
I was impressed by the customer service at SBI FXTRADE. The representatives were very friendly and accommodating, and they even provided me with some valuable educational resources to improve my trading skills. However, when I tested the spreads on the platform, they were not as low as advertised. Despite this, I appreciate the effort SBI FXTRADE puts into helping traders improve their knowledge and trading experience.
2023-03-29 09:53
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