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Do you want to know which is the better broker between Matsui and SBI FXTRADE ?
In the table below, you can compare the features of Matsui , SBI FXTRADE side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of matsui, sbi-fxtrade lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Aspect | Information |
Registered Country/Area | Japan |
Founded year | 2005 |
Company Name | Matsui Securities Co., Ltd. |
Regulation | Regulated in Japan |
Minimum Deposit | Not specified |
Maximum Leverage | Not specified |
Spreads | Not specified |
Trading Platforms | Japanese Equity App, U.S. Stocks App, Investment Trust App, Forex App, Futures OP App, Netstock High Speed, FX Trader Plus |
Tradable assets | Japanese stocks, US stocks, mutual funds, FX, futures/options, NISA/Tsumitate NISA, iDeCo, Japanese equities products, MMF, ETFs/REITs |
Account Types | Not specified |
Demo Account | Not specified |
Customer Support | Email: kouza-kaisetsu@matsui.co.jp |
Payment Methods | Netlink Deposit, Deposit Transfer, Time Deposit, Bank Transfer Deposit |
Educational Tools | “Learn to Invest” program |
Matsui Securities Co., Ltd. is a regulated brokerage firm based in Japan. It holds a Retail Forex License and operates under the jurisdiction of the Kanto Local Finance Bureau. The company has been in operation for 15-20 years and has a good capital ratio, indicating its financial stability. Matsui Securities has established partnerships with various financial institutions, including NatWest, XTX Markets, Deutsche Bank AG, HSBC, Morgan Stanley, and others.
Matsui Securities offers a range of investment products and services. It provides access to the Japanese stock market, allowing investors to trade stocks listed on Japanese exchanges in real-time. Additionally, the company offers the opportunity to trade US stocks, mutual funds, foreign exchange, futures, options, NISA/Tsumitate NISA accounts, iDeCo retirement savings plans, Japanese equities products, money market funds, and ETFs/REITs.
To open an account with Matsui Securities, interested individuals can visit the company's website and follow the account opening process. The brokerage charges fees and commissions based on the specific trading services and products used. Deposit and withdrawal options are available through methods such as Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit.
Matsui Securities provides a range of trading platforms, including smartphone apps dedicated to Japanese stocks, US stocks, investment trusts, and forex trading. It also offers platforms for futures and options trading, as well as PC/tablet-based platforms for comprehensive trading features.
Overall, Matsui Securities Co., Ltd. is a regulated brokerage firm in Japan, offering a variety of investment options and trading services to investors.
Matsui Securities Co., Ltd is a financial institution that offers a range of investment services in Japan. While Matsui Securities has certain advantages, it also has some limitations to consider. On the positive side, Matsui Securities is regulated by the Financial Services Agency, ensuring compliance with financial regulations. Additionally, the company holds a Retail Forex License and provides access to Japanese and US stocks, facilitating diversification. Matsui Securities also offers tax-advantaged investment accounts, such as NISA and iDeCo, and various deposit and withdrawal options. However, it is important to note that the company has limited information available on its website and email address, and there is a lack of transparency regarding fees, commissions, and withdrawal details. The contact options are limited to email, and there is limited information about customer support. The company's trading platforms and capital ratio also have limited details. To summarize, while Matsui Securities offers certain benefits, prospective customers should carefully evaluate its limitations before making investment decisions.
Pros | Cons |
Regulated by the Financial Services Agency in Japan | Limited information available about the company's website and email address |
Holds a Retail Forex License | No information provided about the expiry date of the license |
Offers access to Japanese and US stocks | Lack of transparency regarding fees and commissions for different services |
Provides tax-advantaged investment accounts (NISA and iDeCo) | Limited contact options (only email provided) |
Wide range of Japanese equities products and trading services | No information about withdrawal fees and limits |
Various deposit and withdrawal options | Limited details about the trading platforms offered |
Based on the information provided, Matsui Securities Co., Ltd. (松井証券株式会社) is regulated by the Financial Services Agency in Japan. It holds a Retail Forex License and is regulated under the jurisdiction of the Kanto Local Finance Bureau (関東財務局長(金商)第164号). The effective date of the license is September 30, 2007.
However, there is no information available regarding the expiry date, website, or email address of Matsui Securities Co., Ltd. The company's address is located in Chiyoda-ku, Tokyo, at 1-4 Kojimachi. The phone number provided for the licensed institution is 0352160606.
Japanese stocks:
Matsui Securities provides investors with access to the Japanese stock market, allowing them to trade stocks listed on Japanese exchanges through spot trading. This enables investors to buy and sell shares of Japanese companies in real-time, taking advantage of market movements.
US stocks:
In addition to Japanese stocks, Matsui Securities also offers investors the opportunity to trade US stocks. This means that investors can access major US stock exchanges and trade shares of American companies, providing diversification and exposure to international markets.
Mutual fund:
Matsui Securities offers mutual funds as an investment option. Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. By investing in a mutual fund, investors can gain exposure to a wide range of securities, managed by professional fund managers.
FX (Foreign Exchange):
Matsui Securities facilitates foreign exchange trading, allowing investors to trade currencies. Foreign exchange trading involves buying and selling different currencies with the aim of profiting from fluctuations in exchange rates. This service provides opportunities for investors to engage in currency speculation and hedge against foreign exchange risks.
Futures/Options:
Matsui Securities offers futures and options trading. Futures contracts are agreements to buy or sell assets at a predetermined price and date in the future, while options contracts provide the right, but not the obligation, to buy or sell assets. These derivative instruments allow investors to speculate on price movements and manage risk in various financial markets.
NISA/Tsumitate NISA:
Matsui Securities provides the NISA (Nippon Individual Savings Account) and Tsumitate NISA services. These are tax-advantaged investment accounts in Japan that encourage long-term investing by offering tax exemptions on capital gains and dividends. Investors can contribute to these accounts annually and invest in various financial products.
iDeCo:
Matsui Securities offers the Individual Defined Contribution Pension (iDeCo) system. iDeCo is a retirement savings plan in Japan that provides tax advantages for individuals. It allows investors to contribute a portion of their income towards retirement and invest in a range of financial instruments, aiming to grow their retirement savings.
Japanese equities Products and trading services:
Matsui Securities provides a wide array of Japanese equities products and trading services. This includes offerings such as initial public offerings (IPOs) and public offerings (POs), which allow investors to participate in the primary market and buy shares of newly listed companies. Additionally, the company provides stock lending services, off-auction distribution, PTS (Proprietary Trading System) for alternative trading, and other services related to Japanese equities.
MMF (Money Market Funds):
Matsui Securities offers money market funds, which are low-risk investment vehicles that invest in short-term, highly liquid assets such as Treasury bills, commercial paper, and certificates of deposit. Money market funds provide investors with a relatively stable investment option and easy access to cash.
ETFs/REITs:
Matsui Securities offers exchange-traded funds (ETFs) and real estate investment trusts (REITs). ETFs are investment funds that trade on stock exchanges, tracking the performance of a specific index or sector. REITs, on the other hand, allow investors to pool their money to invest in a portfolio of income-generating real estate properties. These investment options provide diversification and exposure to different asset classes.
Pros | Cons |
Access to Japanese stock market | Limited information about the company's website and email address |
Facilitates foreign exchange trading | No information provided about fees and commissions |
Offers iDeCo retirement savings plan | Limited contact options (only email provided) |
Provides NISA and Tsumitate NISA services | Limited information about the company's capital ratio and influence |
To open an account with Matsui Securities, you can follow these steps:
Visit the Matsui Securities website and click on the “口座開設(無料)account opening” link, which means “Account Opening (Free)”.
2. Depending on your customer type, choose the appropriate option. Matsui Securities offers account opening for private customers, minors, and corporate customers.
3. On the website, you can find a flowchart explaining the steps involved in the account opening process. This will give you an overview of the entire procedure.
4. If you are interested in opening a NISA account, there is a separate section where you can check the process specific to NISA accounts.
5. Prepare the necessary documents for account verification, such as your My Number verification documents and separate identity verification documents.
6. In Step 1 of the application process, you will be prompted to select the application method. Follow the instructions provided on the website.
7. In Step 2, you will need to register your email address as part of the application process.
8. Once you complete Step 3, your email address registration will be considered completed, and the application process will be finished online. You will be able to start trading within as little as three days.
9. Alternatively, you can choose to apply by mailing the application form provided by Matsui Securities. In this case, the process may take around one week.
10. Matsui Securities will send you the necessary application form based on the information you have entered during the online application process.
Physical Trading: The commission for physical trading is determined by the total daily contract price of the exchange and PTS trading. The fee is fixed within certain ranges based on the total daily contract price, irrespective of the trading volume.
Japanese Stocks Spot Trading: The fees for spot trading and margin trading are determined by the total contract price for one day. The fees are fixed and do not depend on the trading frequency. There are different fee tiers based on the total contract price, ranging from 0 yen to 100,000 yen for individuals aged 26 and above.
Margin Trading: Margin trading fees depend on the total contract price for one day. There are different fee tiers based on the total contract price, ranging from 0 yen to 100,000 yen for individuals aged 26 and above. There are also specific commission systems for margin trading with a NISA account, trading less than one unit of shares, buying off-auction shares, and telephone transactions.
Improvement Success Fee: When the contract price improves, an improvement success fee is charged, which is calculated as 30% (33% including tax) of the improved contract price. There is no minimum commission for this fee.
IPO and PO: There is no purchase fee for IPO (Initial Public Offering) and PO (Public Offering/Secondary Offering). However, a fee will be charged at the time of sale.
Off-Auction Distribution: There is no purchase fee for off-auction distribution, but a fee will be charged at the time of sale.
Fractional Shares: A fee of 0.5% (0.55% including tax) of the contract price is charged for fractional shares. There is no minimum commission for this fee, and transactions over the phone have a different fee structure.
Profit and Loss Accounting Support Service: A fee of 2 times (2.2 times including tax) the contract price is charged for the Profit and Loss Accounting Support Service. The minimum fee is 4,950 yen (tax included).
US Stocks: Trading fees for US stocks are determined based on the contract price per trade. The fee is 0.45% (0.495% including tax) of the contract price, with a minimum fee of USD 0 and a maximum fee of 20 USD (22 USD including tax).
Mutual Fund: There is no purchase fee for mutual funds.
FX: There is no commission fee for FX trading.
Futures and Options Trading: Fees for futures and options trading vary depending on the specific contracts. The fees are calculated based on the contract price and range from 0.04% to 1.5% (including tax), with minimum fees ranging from 1,100 yen to 11,000 yen (tax included).
NISA/Tsumitate NISA: There is no trading commission fee for NISA and Junior NISA accounts. There is also no purchase fee for investment trusts within these accounts.
Telephone Transaction Fee: A fee is charged for each contract in telephone transactions. The fees vary depending on the type of transaction, such as Japanese stocks, improvement success fee, fractional shares, and futures and options trading.
Pros | Cons |
Transparent fee structure for physical trading, Japanese stocks spot trading, and margin trading | Lack of information about fees for specific types of transactions |
No commission fee for FX trading | Limited details about fees for IPO and off-auction distribution |
No purchase fee for mutual funds | Lack of information about trading commission fees for NISA and telephone transactions |
Reasonable fee tiers based on the total contract price for various trading services | No information about fees for profit and loss accounting support service |
No minimum commission for improvement success fee | Limited details about fees for futures and options trading |
Deposit and withdrawal options at Matsui Securities are available to investors through four different methods: Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit. These options allow for transactions without any additional charges.
Net Link Deposit is a service that facilitates real-time transfers from a bank account to a securities account. It can be accessed through various platforms such as the customer site, smartphone site, Japan stock app, and stock touch. The service is available during specified hours, and it supports transactions with multiple financial institutions including Japan Post Bank, Mizuho Bank, Bank of Mitsubishi UFJ, and Sumitomo Mitsui Banking Corporation.
Raku-Raku Transfer Deposit enables instant transfers and deposits to a securities account by establishing an account transfer contract with a partnering financial institution. This service can be accessed through the customer site, smartphone site, Japan stock app, and stock touch. The supported financial institutions include Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Japan Post Bank. The transfer deposit limit ranges from 10,000 yen to less than 100 million yen.
For recurring deposits, investors can opt for the Regular Deposit service. This service automatically withdraws a specified amount from a linked financial institution account on the 27th of each month (or the next business day if it falls on a holiday) and deposits it into the securities account five business days later. Account registration for withdrawal needs to be completed at least 8 business days before the withdrawal date. Various platforms such as the customer site, investment trust customer site, and investment trust app support recurring deposits, and investors can choose from over 100 available financial institutions across Japan.
Bank Transfer Deposit allows customers to transfer funds from an ATM or a counter of a financial institution to a dedicated bank account specified by Matsui Securities. This method ensures secure transactions by utilizing the established banking infrastructure.
In terms of withdrawals, Matsui Securities offers two options. Withdrawals made after the next business day are free of charge, while instant withdrawals incur a procedure fee of 300 yen (including tax). The timing of reflection and withdrawal limits depend on the reception time and vary between next business day and immediate availability. The withdrawal minimum amount is 1,000 yen for withdrawals after the next business day and 10,000 yen or more for instant withdrawals. Customers can make up to 5 instant withdrawals per day, with a maximum limit of 2 million yen per day.
Pros | Cons |
Multiple deposit methods available (Netlink, Raku-Raku, etc.) | Limited information about withdrawal processing times and limits |
Automatic recurring deposit option available | Instant withdrawals incur a procedure fee |
No additional charges for deposit and withdrawal transactions | Limited details about the withdrawal minimum amount |
Wide range of supported financial institutions | Limited number of instant withdrawals allowed per day |
Matsui Securities offers a range of trading platforms tailored to meet various investment needs. These platforms are designed to provide essential functions and features for trading. Let's explore each platform briefly:
JAPANESE EQUITY APP: Matsui Securities' Japanese Equity App is a smartphone application that focuses on Japanese stock trading. It offers users access to market price information, charts, news reports, order placement, stock search, corporate information, IPO information, shareholder benefits, and a personalized user page. The app boasts a user-friendly interface and comprehensive features, allowing users to gather information and execute trades with ease.
U.S. STOCKS APP: The U.S. Stocks App by Matsui Securities is dedicated to trading U.S. stocks. It provides real-time stock price information, charts, news reports, order placement, stock search, and a personalized user page. The app is designed to be easily understandable, making it suitable for users who are new to trading U.S. stocks. It ensures a confident trading experience with its user-friendly interface.
INVESTMENT TRUST APP: Matsui Securities' Investment Trust App offers all the necessary functions for investing in mutual funds. Users can access market price information, place orders, search for funds, and manage their investments through their personalized user page. The app allows beginners to start their investment journey with ease, as it enables investing in funds starting from 100 yen.
FOREX APP: The Forex App provided by Matsui Securities caters specifically to trading in the foreign exchange market. It offers market price information, charts, news reports, and order placement features. The app also includes a personalized user page for managing trades. Notably, it incorporates features like “Speed Order” for quick order placement and “Chart Speed Order” for placing orders while viewing the chart.
FUTURES OP APP: Matsui Securities' Futures OP App supports futures and options trading. It provides market price information, charts, news reports, order placement, stock search, and a personalized user page. The app is designed with an intuitive and user-friendly interface, allowing users to easily gather information and execute trades.
For PC/tablet: In addition to the mobile trading platforms, Matsui Securities also offers a computer-based platform called “Netstock High Speed” and the “FX Trader Plus” platform exclusively for Forex trading. These platforms provide features for checking exchange rates, charts, order placement, and analysis.
Pros | Cons |
Multiple specialized apps for different types of trading | Limited information available about platform features |
User-friendly interfaces for ease of use | Lack of transparency regarding platform fees and charges |
Access to real-time market price information, charts, and news reports | Limited customization options for personalized user experience |
Order placement and stock search functionalities | Insufficient information about available analysis and research tools |
Personalized user pages for managing investments and trades | Limited information about customer support and assistance |
“Speed Order” and “Chart Speed Order” features for quick trading | No information about platform compatibility with different operating systems |
Computer-based platforms for desktop and tablet users with additional features | Limited details about the platform's security measures and data protection |
Matsui provides a range of educational resources to support individuals who are interested in learning about investment and Japanese stocks. One such resource is the “Learn to Invest” program, which caters to beginners looking to understand the basics of investing. The program covers topics such as the fundamentals of Japanese stocks, the first installment investment process, and information about seminars that delve deeper into investment strategies. Another valuable resource offered by Matsui is the contribution of Mr. Takeuchi, who shares his expertise through the “Let's Learn about Investment” initiative. This initiative provides insights into various aspects of investment, including how to choose suitable stocks for investment. Matsui also emphasizes the importance of integrating investment knowledge into one's lifestyle, offering resources that demonstrate how to incorporate investment practices seamlessly. Additionally, the company introduces first-time shareholder benefits, enabling individuals to explore the perks of owning stocks for the first time. For those seeking information on specific brands or stores, Matsui provides resources that highlight the company names associated with various investment opportunities. Moreover, Matsui emphasizes the appeal of high dividend stocks, providing insights and guidance on how to identify these potential investments. Lastly, Matsui offers a Q&A section specifically tailored to investment beginners, providing a simple and comprehensive collection of commonly asked questions to support their learning journey.
Matsui Securities provides customer support services through different channels based on the account holders' status. For individuals who already have an account with Matsui Securities, they can enjoy free customer support by calling the dedicated hotline at 0120-953-006 or using IP phone at 03-6387-3666. The customer support service is available on weekdays from 8:30 to 17:00.
For those who do not have a Matsui Securities account, there is a separate hotline at 0120-021-906, and an alternative contact number for IP phone users at 03-6387-3601. This customer support service is also available on weekdays from 8:30 to 17:00.
To learn more about the stock trading consultation services provided by Matsui Securities, individuals can contact kouza-kaisetsu@matsui.co.jp for further information.
Matsui Securities Co., Ltd. is a regulated company in Japan, holding a Retail Forex License under the jurisdiction of the Kanto Local Finance Bureau. While it has a good overall score, there are some disadvantages to consider. The lack of available information regarding the expiry date, website, and email address raises concerns about transparency and communication. Additionally, the absence of specific details about fees and commissions may make it difficult for potential clients to assess the costs associated with trading. However, Matsui Securities provides a variety of market instruments, including access to Japanese and US stocks, mutual funds, foreign exchange trading, futures/options, tax-advantaged accounts, and Japanese equities products. The company offers a range of trading platforms, tailored to different investment needs. It is important for individuals considering Matsui Securities to conduct further research and carefully evaluate the available information before making a decision.
Q: Is Matsui Securities Co., Ltd. regulated?
A: Yes, Matsui Securities Co., Ltd. is regulated by the Financial Services Agency in Japan and holds a Retail Forex License.
Q: What is the capital ratio of Matsui Securities?
A: Matsui Securities has a great capital ratio, indicating its financial strength and stability.
Q: How many brokers does Matsui Securities compare to?
A: Matsui Securities compares to three brokers.
Q: What are the market instruments offered by Matsui Securities?
A: Matsui Securities offers Japanese stocks, US stocks, mutual funds, FX (Foreign Exchange), futures/options, NISA/Tsumitate NISA, iDeCo, MMF (Money Market Funds), and ETFs/REITs.
Q: How can I open an account with Matsui Securities?
A: To open an account with Matsui Securities, you can visit their website and follow the account opening process specific to your customer type. The process can be completed online or through mailing the application form.
Q: What are the fees and commissions associated with trading on Matsui Securities?
A: The fees and commissions vary depending on the type of trading. For example, Japanese stocks spot trading and margin trading have fixed fees based on the total contract price. FX trading has no commission fees. It is recommended to refer to Matsui Securities' fee schedule for detailed information.
Q: What deposit and withdrawal options are available at Matsui Securities?
A: Matsui Securities offers Netlink Deposit, Deposit Transfer, Time Deposit, and Bank Transfer Deposit options for transactions without additional charges.
Q: What are the trading platforms provided by Matsui Securities?
A: Matsui Securities offers various trading platforms, including the Japanese Equity App, U.S. Stocks App, Investment Trust App, Forex App, Futures OP App, as well as PC/tablet platforms like “Netstock High Speed” and “FX Trader Plus.”
Q: What educational resources does Matsui Securities provide?
A: Matsui Securities offers educational resources, including the “Learn to Invest” program, to support individuals interested in learning about investment and Japanese stocks.
Information | Details |
Company Name | SBI FXTRADE |
Registered Country/Area | Japan |
Regulation | Financial Services Agency, Japan |
Minimum Deposit | 1,000 yen for Quick Deposits |
Spreads | Narrow Spreads |
Trading Platforms | Desktop and Mobile |
Tradable Assets | Forex (34 currency pairs) |
Demo Account | Available |
Deposit & Withdrawal | Quick Deposits, Normal Deposits, Deposits to SBI Shinsei Bank |
Educational Resources | Official YouTube channel |
SBI FXTRADE is a Forex broker and a part of the SBI Group, a leading online financial services company in Japan. Its service allows users to engage in foreign exchange (FX) margin trading. The platform offers real-time market information and various analysis tools, which can assist both novices and experienced traders in their decision-making process.
The SBI FXTRADE platform boasts of features such as narrow spreads and 24-hour trading. It also offers a demo account option for practice. Additionally, there is a user-friendly interface which simplifies the process of FX trading and a mobile application for trading on the go. It is essential to remember that just like any other type of trading and investment, forex trading involves certain risks which should be thoroughly understood before participating.
SBI FXTRADE is a regulated broker under the jurisdiction of Japan. The platform is licensed as a Retail Forex License holder and is overseen by the Financial Services Agency of Japan. The license number is 関東財務局長(金商)第2635号 and the official licensed institution is SBI FX トレード株式会社. The license was effectively granted on 13th April 2012. However, there is no shared email address of the licensed institution. It's crucial to trade with a regulated broker as it provides a certain level of security and oversight.
Pros | Cons |
An extensive range of 34 currency pairs for trading | Certain deposit options involve fees |
Offers Quick deposits starting from 1,000 yen with no fees | Some deposit methods may not reflect immediately |
Regulated by the Financial Services Agency | Forex and other forms of trading always carry inherent risks |
Provides a range of educational resources, including a YouTube channel for learning and updates | For Normal deposits and some other services, transfer fees will be borne by the customer |
Allows 24-hour trading | |
User-friendly interface | |
Offers a demo account for practice | |
Provides both desktop and mobile trading platforms |
Pros:
1. Wide Range of Trading Instruments: SBI FXTRADE offers an extensive range of 34 currency pairs for trading, making it an attractive platform for those who wish to diversify their trading portfolio.
2. Quick Deposits: The platform provides a quick deposit feature that starts from 1,000 yen with no associated fees.
3. Regulation: SBI FXTRADE is regulated by the Financial Services Agency of Japan, adding a higher level of security and trustworthiness.
5. User-Friendly Interface: The platform has a user-friendly interface that simplifies the process of FX trading, making it easier for beginner traders to navigate.
6. Demo Account: SBI FXTRADE provides a demo account which allows users to practice trading strategies before investing real money.
7. 24-Hour Service: The platform facilitates 24-hour trading, enabling traders to take advantage of global forex market hours.
8. Mobile Trading: SBI FXTRADE offers mobile trading platforms for users to trade on the go.
Cons:
1. Deposit Fees: While quick deposits are free, other deposit methods such as the “normal deposit” method have associated transfer fees that will be borne by the customer.
2. Delay in Reflection of Deposits: Certain deposit methods may not immediately reflect the deposited amount in the trading account. If any error occurs, the reflection of deposit will have to wait till the confirmation of payment receipt.
3. Fees on Some Services: For certain services, such as normal deposits, transfer fees will be borne by the customer.
SBI FXTRADE provides its users with the opportunity to trade in a total of 34 currency pairs. This offering is considered to be one of the highest in the industry, giving traders a wide range of options when it comes to choosing their trading instruments.
It signifies that traders have the opportunity to capitalize on the movements of various currencies ranging from major currency pairs to minor and exotic ones. However, it's always important for traders to understand the risks associated with each trading instrument before investing.
The first step would be to navigate to the “Complete application in” button at the top right side of the page.
Please enter your email address using the submit button that is below the “apply for a personal account” sign. An account opening application URL will be sent to the email address you entered.
Enter your name, date of birth, and current address as in the identity verification document. The user is required to have a Japanese “MyNumber” identification in order to continue to after this step.
After the information has been examined, SBI FXTRADE will determine if the account creation process will be completed.
SBI FXTRADE offers two different methods of depositing funds: quick deposits and normal deposits.
Quick deposits start from 1,000 yen, with no associated fees. It's important to note that applications cannot be accepted during maintenance times performed by the broker or financial institutions.
SBI FXTRADE provides several methods for depositing and withdrawing funds.
For making deposits, there are three methods available:
Quick deposits: This method allows clients to deposit funds starting from 1,000 yen with no associated fees. However, deposition isn't guaranteed to reflect immediately - errors might delay the reflection of the deposit.
Normal deposits: This involves a money transfer to a created “Customer Dedicated Deposit Account”. Note that transfer fees are borne by the customer unless they are an SBI Shinsei Bank account holder depositing into the “SBI Shinsei Bank account exclusively for SBI FX Trade”.
Deposit to SBI Shinsei Bank: This method involves a money transfer to the dedicated SBI Shinsei Bank account for SBI FX Trade. There are no transfer fees and the customer has to specify their login ID and first and last name in kana in the remittance name.
The following provides more details on deposit confirmation and conditions:
Payments can be confirmed on the transaction screen.
Payments may not reflect immediately as they need to be received and confirmed by the bank. This process can take some time during busy periods.
Deposit processing is done three times a day at 9:00, 13:00, and 15:30.
Shinsei Bank deposits will be reflected in the FX account and need to be transferred to the savings FX account or the crypto asset CFD account by the user.
SBI FXTRADE offers an array of contact channels enabling seamless and efficient communication:
Direct Phone Line: Enabling immediate assistance, the firm can be directly contacted via their dedicated line at +81 0120-982-417.
Official Web Portal: An exhaustive array of resources could be found on their official website, SBI FXTRADE.
Social Media Presence: Connect with them on Twitter for real-time updates and interactions. They also maintain an active online presence on Facebook and exclusive content on their dedicated YouTube channel.
SBI FXTRADE provides several educational resources for its traders:
Official YouTube Channel: SBI FXTRADE maintains an official YouTube channel where they share informative video content. This includes market news, tutorials, trading strategies, and explanations on various aspects of Forex trading.
Today's Exchange News: This is presumably a feature where recent news and events affecting the exchange market are discussed, providing insights to help traders make informed decisions.
Crypto Asset Market Information: This channel is maintained by SBI VC Trade, which is also a part of the SBI Group. It provides information related to the crypto asset market.
Please note that Forex trading and trading in general can be risky, so it's essential to fully understand these risk factors and strategies before investing. Educational resources are a starting point, but should not be the only source of knowledge or strategy formulation. Real-time experience, trading practice, and individual research are also critical components of trading education.
SBI FXTRADE, a premium trading firm, offers multiple features tailored towards assisting traders succeed. Key offerings include diverse deposit methods (featuring Quick Deposits), a wide array of trading instruments, a user-friendly platform, and well-developed educational resources. However, potential users should be aware of potential deposit fees and delays, and inherent trading risks.
Q: What are some educational resources that SBI FXTRADE provides for traders?
A: SBI FXTRADE offers a variety of educational resources, including a YouTube channel filled with market news, trading strategies, and other trading-related insights, a feature for recent market news, programs providing insights into alternative currencies to USD/JPY.
Q: How can users contact SBI FXTRADE?
A: SBI FXTRADE can be reached through their phone number (+81 0120-982-417), their official website, or their social media accounts on Twitter, Facebook, and YouTube.
Q: What are the unique features of SBI FXTRADE?
A: SBI FXTRADE offers quick deposits without any fees starting from 1,000 yen and is regulated by the Financial Services Agency of Japan for enhanced security.
Q: What cautions should be taken while using SBI FXTRADE or similar trading platform?
A: As with all types of trading and investment, forex trading involves inherent risks. Users should ensure they understand these risks thoroughly before participating.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive matsui and sbi-fxtrade are, we first considered common fees for standard accounts. On matsui, the average spread for the EUR/USD currency pair is -- pips, while on sbi-fxtrade the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
matsui is regulated by FSA. sbi-fxtrade is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
matsui provides trading platform including -- and trading variety including --. sbi-fxtrade provides trading platform including -- and trading variety including --.