Brokers  /  SBI

SBI

Low riskForex / CFD broker
🇯🇵 Japan · 5-10 years · since 2021-01-07 · SBI Neotrade Securities Co., Ltd
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Independent ratingshow third parties score this broker
WikiFX7.98/10
Trustpilot/5
Forex Peace Army/5
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SBI operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
23
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FSA
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~100% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints7212%
Offshore registration108%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSBI Neotrade Securities Co., Ltd
Headquarters🇯🇵 Japan
Founded2021-01-07
Years operating5-10 years
Employees53
Official websitesbineotrade.jp
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
東京都港区六本木1-6-1 泉ガーデンタワー29階

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSAMarket Making License (MM)関東財務局長(金商)第8号JapanRegulated

Review analysis AI

SBI is a low-risk broker (FXCanary Scam Risk Score: 23/100) due to its FSA regulation and affiliation with the reputable SBI Group. However, the absence of independent user reviews and limited public information means traders cannot rely on third-party experience. Caution is advised until more operational details emerge.

Best for
  • Traders seeking a broker regulated by Japan FSA
  • Clients who prefer a domestic Japanese financial service provider
  • Investors looking for an entity backed by the SBI Group's extensive financial network
Not for
  • Traders seeking independent user reviews or community feedback
  • Those looking for high leverage (above Japan FSA limits)
  • International traders requiring multi-language support or non-Japanese platforms
Period:
What users complain about
What users praise
Where reviewers are from
Taiwan2
Philippines1
Spain1
Nigeria1
Colombia1

Real user reviews

Where SBI operates

Active across 5 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇯🇵 Japan Licensed
🇹🇷 Turkey
🇺🇸 United States
🇨🇦 Canada
🇰🇷 South Korea
🇵🇭 Philippines 1 complaint
🇪🇸 Spain 1 complaint
🇹🇼 Taiwan 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About SBI

SBI Overview

SBI is a Japanese financial services enterprise founded on 7 January 2021 and registered at 泉ガーデンタワー29階, 六本木1-6-1, Minato-ku, Tokyo. The broker operates under the SBI Group, whose core activities span securities, banking, and insurance, all delivered primarily through internet channels.

As part of a well-established conglomerate, SBI positions itself as a one-stop provider of financial services. The group’s business segments include asset management, financial services, crypto-asset, investment, and next-generation business ventures.

Regulation and Licensing

SBI holds a Market Making License from the Japan Financial Services Agency (FSA), Japan’s primary financial regulator. This license permits the firm to operate as a forex and CFD broker under strict oversight.

Being FSA-regulated imposes significant compliance requirements, including client fund segregation, regular reporting, and adherence to leverage limits. This provides a level of investor protection that is not available from unregulated or offshore brokers.

Company Background

The SBI Group is a major player in Japanese finance, with a long history dating back to its founding as a venture capital firm. The broker SBI itself was established more recently in 2021, leveraging the group’s technological and financial infrastructure.

Its focus on internet-based delivery means clients can access services via online platforms. The broker’s address in Tokyo’s Roppongi district places it at the heart of Japan’s financial hub.

Account Types and Trading Conditions

Based on known facts, SBI does not publicly disclose specific account types or spreads on its official site in the available data. However, as an FSA-regulated market maker, it likely offers standard retail forex and CFD accounts with leverage capped under Japanese regulations (typically up to 25:1 for forex).

Clients can expect access to major currency pairs, indices, and possibly commodities and crypto-assets. Exact instruments, minimum deposits, and fee structures are not detailed in the regulatory records but would be available upon account registration.

Platforms and Tools

Information about trading platforms at SBI is not included in the known facts. Given its status as an internet-based service provider, it may offer proprietary web and mobile platforms, and possibly MetaTrader 4 or 5, though this cannot be confirmed.

The broker’s website (live-sec.co.jp) is operational but provides limited public detail without logging in. Potential clients are encouraged to contact support for platform specifications.

Funding and Support

Funding methods and customer support options are not specified in the known facts. As a Japan-based, FSA-regulated firm, it likely supports domestic bank transfers and possibly credit cards. Support is expected to be available in Japanese.

Given the lack of independent user reviews, the responsiveness and reliability of customer service remain unverified. Traders should exercise caution and test support channels before committing funds.

Overview compiled by FXCanary from regulatory records and public data. full SBI review