It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of SBI SECURITIES

Pros:

• Wide range of financial products available for investment

• Clear and specific fee structure for each financial product

• User-friendly and reliable trading platform developed by the company

• Efficient and helpful customer support available 24/7

• Regulated by the FSA, ensuring a high level of security and trustworthiness

Cons:

• Lack of transparency regarding minimum deposit amount and trading account types

• Limited educational resources for investors who are new to the market

• No information provided on deposit and withdrawal methods, potentially causing inconvenience for clients

• Maximum leverage of 1:25, which may not be as attractive for experienced traders looking for higher leverage ratios.

What type of broker is SBI SECURITIES？

SBI SECURITIES is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, SBI SECURITIES acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that SBI SECURITIES has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with SBI SECURITIES or any other MM broker.

General information and regulation of SBI SECURITIES

SBI Securities was founded in 1988, changed its name to E-Trade Securities Co. in 1999, and launched its Internet service in July of the same year. In 2000, SBI Securities was granted full membership of the Osaka Securities Exchange, and in 2001, its assets increased to 11,501 million yen. In 2003, SBI Securities was granted the integrated trading status of the Nagoya Stock Exchange and became a specific general member of the Tomioka Stock Exchange. In 2006, SBI Securities, as a professional online securities company, exceeded the total number of securities accounts of one million for the first time and changed its name from E-Trade Securities Ltd. to SBI E-Trad Ltd. in July. 2007, SBI E-Trad Ltd. and SBI In 2014, the platform's net securities first consolidated securities account traded over 3 million accounts. In 2010, Net Securities' first consolidated securities account traded more than 5 million accounts. SBI Securities currently hold a retail foreign exchange license (license number: 3010401049814) issued by the Financial Services Agency of Japan.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

SBI Securities offers a wide range of financial products for investors to choose from, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, and insurance. This allows investors to diversify their investment portfolio and take advantage of different market conditions. SBI Securities also provides access to both domestic and foreign markets, providing a wider range of investment opportunities. However, some financial products may not be accessible to certain types of investors, and trading fees may be higher compared to some other brokers. It is also important to note that certain financial products, such as futures/options and CFDs, carry higher risks for investors. Additionally, investors who are new to certain financial products may lack education and guidance, which could potentially lead to losses.

Spreads and commissions for trading with SBI SECURITIES

SBI Securities offers a transparent fee structure with specific fees for different financial products, which are clearly displayed on their website. This allows investors to make informed decisions and plan their trades accordingly. Additionally, the brokerage fee for some products such as Nikkei 225 CFDs is lower than the industry average, which can save investors money in the long run. However, some fees may be higher than those of competitor brokers, which may discourage some investors from using SBI Securities. Overall, SBI Securities provides a clear and transparent fee structure with no hidden fees, which can be beneficial for investors.

Trading accounts available in SBI SECURITIES

SBI Securities does not disclose its minimum deposit requirement for its trading accounts, which is a significant disadvantage for potential investors. However, it´s possible that the company offers flexible account types, and clients can choose from a range of accounts.

Trading platform(s) that SBI SECURITIES offers

SBI Securities provides its users with a proprietary trading platform that offers advanced features such as charting tools, fast execution speed, and a user-friendly interface. The platform is compatible with both desktop and mobile devices, allowing users to trade anytime and anywhere. The advanced charting tools available on the platform enable traders to perform technical analysis efficiently and effectively, allowing them to make informed trading decisions. Although the platform is only available in Japanese, it is easy to navigate, and users who are not fluent in Japanese can use translation tools to understand the platform's functions. Overall, SBI Securities' proprietary platform is a reliable and efficient tool for traders who are looking for a feature-rich platform that is easy to use.

Maximum leverage of SBI SECURITIES

SBI SECURITIES offers a maximum leverage of up to 1:25, which is in line with the regulations set by the local authorities. This means that clients can trade with a much larger position size than their initial deposit, magnifying their potential profits and losses. While high leverage can be attractive to traders seeking to maximize their returns, it can also lead to significant losses if the market moves against them. Therefore, traders should exercise caution when using high leverage and have a solid risk management strategy in place to minimize potential losses.

Deposit and Withdrawal: methods and fees

SBI SECURITIES provides various deposit and withdrawal methods for their clients. However, the specific details and fees related to these methods are not mentioned on their website, which can make it difficult for clients to plan their transactions accordingly. The website provides limited information on the deposit and withdrawal process, requiring the client to log in to their account to access more details. While the transactions are secure and encrypted, the lack of information on the website can be a disadvantage. However, the processing time for deposits and withdrawals is quick and efficient, which is an advantage for clients. It is not mentioned on the website what the minimum deposit and withdrawal amount is, which can be a disadvantage for those who prefer to trade with a smaller amount.

Educational resources in SBI SECURITIES

SBI Securities does not offer any educational resources to its clients. There are no access to market analysis, news, forex basics or technical analysis. The lack of educational resources makes it challenging for beginners to start trading, as they would have to rely on external sources to gain knowledge about trading strategies and market trends. Moreover, advanced traders may feel limited as they have no access to research tools and data analysis. Therefore, SBI Securities should consider providing educational resources for its clients to improve their trading knowledge and skills.

Customer service of SBI SECURITIES

SBI SECURITIES provides prompt customer service through their 24/7 live chat support. The customer service representatives are known for their quick response time and efficiency in handling customer inquiries. However, their phone support incurs fees, which may be a disadvantage for clients who prefer to call for assistance. Additionally, SBI SECURITIES has limited customer service options, with live chat being the only available option for immediate assistance. There is also limited information about their customer support on their website, which may make it difficult for clients to find answers to their questions.

Conclusion

In conclusion, SBI Securities is a Japan-registered company that offers various financial products, including stocks, bonds, foreign exchange, futures/options, CFDs, and more. The platform has a user-friendly interface, and the website provides a clear list of fees for each financial product, which is an advantage for traders. However, the lack of transparency on account types and deposit/withdrawal methods may be a disadvantage. Another drawback is the absence of educational resources, which could be useful for beginner traders. The customer support is good with a 24-hour live chat service and a phone number, although the latter has fees. Overall, SBI Securities is a regulated broker with a strong reputation in Japan, and traders who are comfortable with the limitations mentioned may find it to be a suitable option for their trading needs.

Frequently asked questions about SBI SECURITIES

• Question: What financial products does SBI Securities offer？

• Answer: SBI Securities offers a range of financial products, including domestic and foreign stocks, investment trusts, bonds, foreign exchange, futures/options, CFDs, gold, silver, warrants, insurance, and more.

• Question: What is the maximum leverage offered by SBI Securities？

• Answer: The maximum leverage offered by SBI Securities is up to 1:25, which complies with local laws and regulations.

• Question: What customer support options are available at SBI Securities？

• Answer: SBI Securities offers live chat support 24 hours a day and a phone number with fees for customer care.

• Question: Does SBI Securities provide educational resources？

• Answer: No, SBI Securities does not provide educational resources for clients.

General Information & Regulation

LIRUNEX is a retail forex and CFD broker that is registered in Cyprus and regulated by multiple regulatory authorities. The broker offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies, with competitive spreads and leverage up to 1:30 for forex trading.

LIRUNEX also offers multiple account types, namely Standard, Prime and Pro accounts and each with different minimum deposit requirements and features to cater to different trading styles and preferences. For example, the Standard account requires a minimum deposit of $500 or equivalent amount.

LIRUNEX's trading platform of choice is MetaTrader 4, which is available for both desktop and mobile devices. LIRUNEX supports various order types, including market orders, limit orders, stop orders, and trailing stop orders. Traders can also execute orders using the One-Click Trading feature on the MetaTrader 4 platform. In addition, LIRUNEX provides various educational resources and trading tools to assist traders in making informed decisions.

LIRUNEX offers customer support via several channels, including phone, email, as well as some social media platforms, and an online contact form. The customer support team is available 24/5 to assist traders with any queries or issues they may have. LIRUNEX's website also features a comprehensive FAQ section, which can be accessed from the “Support” tab on their website, providing answers to frequently asked questions on topics such as account opening, trading conditions, and platform features.

Is LIRUNEX legit or a scam？

LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV. This means that LIRUNEX operates under strict guidelines and adheres to high levels of regulatory standards and consumer protection policies.

LIRUNEX LIMITED, is authorized and regulated by Federal Financial Supervisory Authority of Germany (BaFin) under regulatory license number 156748;

Lirunex Ltd, is authorized and regulated by Banque de France (BDF) under regulatory license number 83447;

Lirunex Ltd, is also authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 338/17;

Lirunex Limited is also authorized and regulated by the Labuan Financial Services Authority (LFSA) under regulatory license number MB/20/0050;

LIRUNEX LTD, is authorized and regulated by the Comisión Nacional del Mercado de valores (CNMA) under regulatory license number 4829;

Pros and Cons

LIRUNEX is a forex broker that offers traders competitive trading conditions, such as low spreads and high leverage. The broker provides free educational resources, including webinars, ebooks, and video tutorials, to help traders improve their trading skills. LIRUNEX also has a range of payment options available for its clients to use.

However, LIRUNEX also has some drawbacks. The broker has a limited asset offering, as it only offers Forex and CFDs. Additionally, the minimum deposit requirements are relatively higher compared to other brokers. LIRUNEX also only provides users with the option to trade via MetaTrader 4, limiting choices for experienced traders who may prefer other trading platforms. The demo account funding is only available to users registered in certain countries, while the broker's services are only available in certain jurisdictions and not to residents of the United States. Social trading features are also not available on the LIRUNEX trading platform.

Market Instruments

LIRUNEX is a well-established online brokerage firm that caters to the needs of traders worldwide. It offers a comprehensive selection of market instruments to its clients, including Forex, Spot Metals, Indices, Shares, and Energy.

• Forex: LIRUNEX offers a wide range of currency pairs for trading, including major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs.

• Spot Metals: LIRUNEX offers spot trading of precious metals such as gold and silver. Spot trading allows traders to buy and sell these metals at the current market price.

• Indices: LIRUNEX offers trading on a variety of global stock indices, including the S&P 500 index, NASDAQ index, and the Dow Jones Index. Trading indices allows traders to speculate on the performance of a whole stock market, rather than just individual stocks.

• Shares: LIRUNEX offers trading of stocks from various global markets, including the US, UK, Europe, and Asia. Trading on stocks allows traders to invest in well-known companies and earn profits based on their performance.

• Energy: LIRUNEX offers trading of energy products such as crude oil and natural gas. Traders can benefit from price changes in energy markets, which are known for their high volatility.

Account Types

LIRUNEX offers a range of account types to suit the needs of different traders. They have carefully crafted their account types to offer a tailored experience to traders based on their trading level, experience, and financial status. The account types offered by LIRUNEX are Standard, Prime, and Pro.

The Standard account requires a minimum deposit of $/€ 500 and is suitable for novice traders who are new to the market. This type of account offers basic trading conditions, including access to all trading instruments, customer support, educational resources, and trading tools.

The Prime account requires a higher minimum deposit of $/€ 2,000 and is targeted towards traders who have more experience in the market. This account type offers tighter spreads, lower commissions, and additional perks such as exclusive trading signals and faster withdrawals.

The Pro account is the top-tier account type offered by LIRUNEX and requires a minimum deposit of $/€ 10,000. This type of account is geared towards professional traders who require a higher level of trading conditions, including dedicated account managers, advanced trading tools, priority customer support, and lower commissions and favorable market conditions.

All account types offered by LIRUNEX come with negative balance protection, and the MetaTrader 4 trading platform. Additionally, traders can choose from different currency options, EUR or USD.

How to open an account？

Opening an account with LIRUNEX is a straightforward process and can be completed in a few simple steps. Here is a step-by-step guide on how to open an account with LIRUNEX:

1. Visit the LIRUNEX website and click on the “Register” button on the top right-hand corner.

2. Fill in the registration form by providing accurate personal details, including your name, email address, and phone number.

3. Select your preferred account type - Standard, Prime, or Pro - and choose your base currency.

4. After filling in the form, you will receive an email to confirm your registration.

5. Next, login to your LIRUNEX account and complete your account verification by uploading the necessary documents. The documents required for verification can be found on the website or by contacting customer support.

6. Once your account is verified, you can fund your account by choosing a payment method that is convenient for you. LIRUNEX provides several payment options, including bank transfers, credit/debit cards, and e-wallets.

7. After funding your account, you can begin trading by downloading the LIRUNEX trading platform or by using the web-based platform.

8. LIRUNEX provides customers with 24/5 customer support to assist with any issues that may arise during the trading process.

Leverage

As per the regulations by ESMA, the default leverage for retail forex traders is set at a maximum of 1:30, while professional traders are allowed to trade with a higher leverage of up to 1:100.

Leverage refers to the amount of borrowing that a trader can use to open a position in the market. Higher leverage can increase potential profits, but it also comes with higher risk. Professional traders are considered to have a higher level of experience and knowledge of the financial markets, which is why they are often offered higher leverage options.

However, it's important to note that leverage should be used wisely, and traders should always consider the risks involved before trading with high leverage. It's also essential to have a risk management strategy in place to protect your investment in case of unfavourable market conditions.

Spreads & Commissions

LIRUNEX offers a variety of trading account types to suit the needs of different traders. Each account type features different spreads and commission charges. Here, we will explain the available accounts and what they offer in terms of spreads and commissions.

The Standard Account is designed for those who are new to trading or who prefer lower costs. With this account, you can trade with floating spreads that start from 2 pips. The best part is that there are no commissions charged on trades. This account is ideal for beginners who want to start trading with a lower investment.

The Prime Account is designed for those who require tighter spreads and faster trade execution times. With this account, you can trade with floating spreads that start from 0.6 pips, which is significantly lower than the Standard Account. However, this account comes with a commission charge of $8 per lot traded. This account is suitable for traders who require faster trading speeds and lower spreads.

The Pro Account is designed for professional traders who require the tightest spreads possible and access to institutional-grade trading conditions. With this account, you can trade with spreads that start from 0.0 pips, which means that you can trade with almost no spreads! It is important to note that this account comes with a commission charge of $4 per lot traded. This account is ideal for high volume traders who require high-quality trading conditions.

Non-Trading Fees

Apart from trading fees, LIRUNEX also charges some non-trading fees that traders should be aware of. Here are some of the non-trading fees charged by LIRUNEX:

• Deposit Fees - While deposits with LIRUNEX are free of charge, some payment providers may charge you fees for depositing funds. It's important to check with your payment provider to see if they charge any fees.

• Withdrawal Fees - LIRUNEX does not charge any withdrawal fees. However, the payment provider you use to withdraw funds may charge fees. LIRUNEX also waives the first withdrawal fee for its clients each month.

• Inactivity Fees - If there has been no trading activity in your account for a period of 90 days, an inactivity fee of $50 will be charged for each subsequent month until the account is active again.

• Conversion Fees - If you deposit funds in a currency different from the one in which your LIRUNEX account is denominated, you will be charged a conversion fee of 2% of the deposit amount. This fee is charged to cover the costs of converting the funds to your account currency.

• Overnight Financing Fees - LIRUNEX charges overnight financing fees for positions that are held open overnight. These fees can be either positive or negative and depend on the instrument being traded.

Trading Platform

LIRUNEX provides MetaTrader 4 (MT4) trading platform for its clients. The MT4 platform is available in PC, iOS, and Android versions that allow traders to access their accounts and trade from anywhere, at any time.

MT4 is a well-known and widely-used trading platform globally, known for its user-friendly interface, advanced charting features, multiple order types, and the ability to support automated trading strategies like Expert Advisors (EAs). The platform also offers a vast array of technical analysis tools that traders can use to make informed decisions.

LIRUNEX provides a range of trading instruments through its MT4 platform, including forex, commodities, and indices. The platform also supports multiple account types, allowing traders to choose the one that suits their needs best.

Deposit & Withdrawal

LIRUNEX supports various payment methods for deposits and withdrawals, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort, and Webmoney. Deposits through most payment methods have a minimum deposit requirement of 50. However, the minimum deposit through global transfer is $300.

It is important to note that the processing time for withdrawals can vary depending on the payment method used. Withdrawal requests made through Visa and Mastercard can take up to 10 business days to process. This is due to the nature of these payment methods, which typically involve additional security checks and verification procedures to ensure that the funds are being transferred to the correct account.

Customer Support

LIRUNEX offers several channels of customer support to assist its traders. This includes:

1. Email support, which is available 24/7 and allows traders to submit their questions or concerns to LIRUNEX's support team.

2. Phone support, which is available during business hours and allows traders to speak to a support representative directly.

3. A comprehensive FAQ section on LIRUNEX's website, which provides answers to common questions and concerns about trading with LIRUNEX.

4. In addition to these channels of customer support, LIRUNEX also offers a personal account manager service for premium account holders, which provides dedicated assistance and support for their trading needs.

Educational Resources

LIRUNEX offers a range of educational resources to help traders improve their trading skills and knowledge in the Forex markets. Some of these resources include a beginner's guide, an economic calendar, trading strategies, market analysis, and informative articles.

These resources are designed to help traders understand the fundamental and technical analysis of the Forex markets, as well as to give them an overview of the trading tools and features available on the LIRUNEX platform. By using these resources, traders can better navigate the Forex markets, make more informed trading decisions, and ultimately, achieve their trading objectives.

Conclusion

In conclusion, LIRUNEX is a reputable forex broker that offers traders a range of benefits and drawbacks. Its competitive spreads, multiple account types make it an attractive option for traders looking to improve their skills and trading outcomes. However, its limited product offerings, lack of available US trading accounts, and potentially higher withdrawal fees for certain accounts may be disadvantages for some traders. Overall, LIRUNEX provides a secure and regulated trading environment and is worth considering for traders looking for a well-rounded forex broker. As always, traders are advised to conduct thorough due diligence and weigh their options before investing their funds.

FAQs

Q: What regulatory standards does LIRUNEX comply with？

A: LIRUNEX has multiple entities that are regulated by various regulatory authorities, including CySEC, BDF, BaFin, LFSA, and CNMV.

Q: What account types are available at LIRUNEX？

A: LIRUNEX offers three different account types, including Standard, Prime and Pro accounts. Each account type has different features, including minimum deposits, trading conditions, and access to additional tools.

Q: How can I fund my account with LIRUNEX？

A: LIRUNEX offers several different funding options, including Global, SEPA, Global Transfer, VISA, Mastercard, ePay.bg, GiroPay, Sofort,Webmoney,and more.

Q: Does LIRUNEX offer educational resources？

A: Yes, LIRUNEX has a variety of educational resources available for traders of all skill levels, including webinars, video tutorials, eBooks, and more.

Q: How can I get in touch with customer support at LIRUNEX？

A: LIRUNEX customer support is available 24/7 via email, phone, or live chat.

Q: What trading platforms does LIRUNEX offer？

A: LIRUNEX offers two trading platforms, including the popular MetaTrader 4 (MT4) platform and the Lirunex Trader platform. Both platforms can be used on desktop.