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.
20
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FSA
  • 3 user exposure/complaint reports filed
  • 3 withdrawal-related complaints reported
  • 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 complaints5412%
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 due to its FSA regulation and strong corporate backing from the SBI Group. However, the complete absence of independent user reviews and limited public information means that traders must rely solely on regulatory credentials. The broker's suitability is primarily for Japanese residents, and we advise starting with small amounts until more trader feedback becomes available.

Best for
  • Japanese traders seeking FSA-regulated forex and CFD broker
  • Investors interested in multi-asset financial services through one platform
Not for
  • International traders outside Japan
  • Traders relying on independent user reviews to assess broker quality
Period:

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

Company Overview

SBI is a Japanese financial services enterprise headquartered in Tokyo, at 29F Izumi Garden Tower, 1-6-1 Roppongi, Minato-ku. Founded on 7 January 2021, the firm operates as part of the broader SBI Group, which has a significant presence in securities, banking, insurance, and crypto-asset sectors. The company positions itself as a one-stop provider of internet-based financial services, with business segments covering asset management, financial services, crypto-asset, investment, and next-generation business.

SBI's official website is live-sec.co.jp, which suggests a focus on securities and leveraged trading products. The broker is registered in Japan and falls under the regulatory oversight of the Financial Services Agency (FSA), holding a Market Making License (MM). This license is typically required for firms that actively quote bid and ask prices in financial markets, indicating that SBI operates as a market maker in forex and CFD instruments.

Regulation and Safety

SBI is regulated by the Japanese Financial Services Agency (FSA), one of the most stringent financial regulators globally. The FSA's Market Making License (MM) is a full license that permits the firm to operate as a principal in financial markets, providing liquidity to clients. As a regulated entity in Japan, SBI must adhere to strict capital adequacy requirements, client fund segregation rules, and regular reporting standards. This regulatory framework offers a high level of protection for Japanese traders, as the FSA actively monitors licensed brokers for compliance.

In FXCanary's assessment, the presence of an FSA license is a strong indicator of safety and reliability. The firm's registration address in Tokyo’s Minato-ku financial district further underscores its established physical presence. However, as this broker has no independent user reviews yet, traders are advised to conduct their own due diligence before committing funds. The FXCanary Scam Risk Score of 20/100 (Low risk) reflects the positive regulatory status, but the lack of public feedback means caution is still warranted.

Trading and Services

Based on known facts, SBI offers a range of financial services including securities trading, banking, insurance, and crypto-asset products. While specific account types, platforms, and instruments are not detailed in our records, the FSA license and the company’s description suggest that SBI provides leveraged forex and CFD trading to retail clients. The SBI Group’s expertise in multiple financial sectors implies that clients may have access to a diversified suite of products, potentially including stocks, ETFs, commodities, and digital assets.

Given the limited public information, traders should verify the exact trading conditions directly on the official website. Common features among FSA-regulated brokers include support for MetaTrader 4/5 platforms, multiple account types (e.g., standard, ECN), and competitive spreads. However, until independent reviews emerge, we cannot confirm the quality of execution, customer support, or funding options. The broker’s positioning as part of the SBI Group suggests institutional-grade infrastructure, but this remains an assumption.

Suitability and Target Audience

SBI is likely best suited for Japanese residents seeking a locally regulated broker with strong oversight. The FSA license provides a safety net that offshore brokers cannot offer, making this a viable option for risk-averse traders who prioritize regulatory compliance. The firm’s diverse product range also appeals to those looking for a single platform to manage multiple asset classes, from forex to crypto.

Conversely, traders outside Japan may face restrictions, as SBI’s registration and license are limited to Japan. The absence of international reviews or a global presence suggests the broker primarily serves the domestic market. Additionally, the lack of user feedback at this early stage means potential clients should approach with caution, despite the low risk score. We recommend testing the broker’s services with a small initial deposit before scaling up.

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