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SBI FXTRADE Co., Ltd.
Current data shows that this broker is using Non MT4/5 Software
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The Financial Services Agency (FSA) oversees all financial services providers, including Forex brokers, in Japan. The ultimate aim of Japan's FSA is to maintain the country’s financial system and ensure its stability. It is also responsible for protecting security investors, insurance policyholders, and depositors. It achieves its aims in a number of different ways including planning and policy making, supervising financial services providers, overseeing securities transactions, and inspecting financial institutions in the private sector. When the FSA was first created it was merely an administrative body. However, its responsibilities were widened in 2001 when it became the external representative of the Cabinet Office of Japan. It took over the responsibilities of the Financial Reconstruction Committee, and also took over responsibility for failed financial institutions.Today, the FSA Japan is held accountable to the Japanese Minister of Finance and enjoys a wide scope of responsibility.
License Type:Retail Forex License
Regulated in Country/AreaJapan
Regulatory License No.：2010401096907
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :東京都港区六本木１－６－１ 泉ガーデンタワー１７階
Phone Number of Licensed Institution :0362290915
Licensed Institution Certified Documents :Annex1
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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.
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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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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