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    SBI NeoMobile Securities-Overview of Minimum Deposit, Spreads & Leverage

    Abstract:SBI NeoMobile Securities Co., Ltd. was established on October 30, 2018 and is located in Tokyo, Japan. It is regulated by the Financial Services Agency (FSA) of Japan.

      General Information

      SBI NeoMobile Securities Co., Ltd. was established on October 30, 2018 and is located in Tokyo, Japan. It is regulated by the Financial Services Agency (FSA) of Japan.

      Market Instruments

      SBI NeoMobile offers investors a range of financial instruments including stocks, ETFs, REITs, infrastructure funds, foreign exchange (FX).

      Spreads & Leverage

      SBI NeoMobile, which offers 26 currency pairs, applies spreads according to the number of transaction currencies when trading. Spreads are displayed in units called “pips” based on the following ideas: 1 pips = 0.01 yen / 1 sen (against the yen); 1 pips = 0.0001 US dollar (other than the yen). For example, when the number of transaction currencies is 1~500 or 501~1,000, the spread for USD/JPY (fixed in principle) is 0 yen; when the number is 1,001~10,000 transaction currencies, the spread is 0.2 yen; when the number is 10,001~3,000,000, the spread is 0.3 yen. The maximum leverage is up to 25:1.

      Commissions

      Forex trading fees are free. However, service usage fees, starting from 220 yen (tax included) per month, will be charged regardless of whether there is a transaction. The service usage fee is calculated based on the contract price of domestic stock trading.

    Commissions

      Trading Channels

      The FX products of SBI NeoMobile can only be traded with the smartphone App NeoMobile FX App, which has two modes (Neo mode and Pro mode). Neo mode is recommended for those who trade FX for the first time, whereas Pro mode is recommended for those who have experience with FX.

      Order Types

      Pro mode of NeoMobile FX App offers 2WAY, Market, Limit, Stop, IFD, OCO, IFDOCO, Trail.

      Deposit & Withdrawal

      The method of depositing to the general trading account includes “immediate deposit” (no transfer fee) and “bank transfer deposit”. Clients cannot deposit directly from the bank account to the Forex trading account, or withdraw directly from the Forex trading account to the bank account.Withdrawal procedures are possible in increments of JPY 1,000 or more. If the withdrawal amount is 1,000 yen or less, only the full amount can be withdrawn. There is no transfer fee for withdrawals.

      Trading Hours

      The trading hours of the FX market are as follows:

    •   Daylight saving time: Monday AM7: 00-next AM5: 30; Tuesday to Friday AM6: 00-next AM5: 30 (from the second Sunday in March, Japan time);

    •   Winter time: Monday to Friday AM7: 00-Next AM6: 30 (from the first Sunday in November, Japan time)

      Customer Support

      If clients have any questions or concerns, please call 03-6880-1581 for consultation. The office hours are 8:30-17:00 on weekdays.

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
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    Amount
    United States Dollar
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