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SBI Securities Review
SBI Securities is Japan's largest online broker by account numbers, offering stocks, funds and margin forex mainly to residents of Japan through its SBI FX Trade service.
Min Deposit
$1
Spreads From
Not published in a standard pip format for international comparison
Max Leverage
1 to 25 for retail forex clients, the cap set by Japanese regulation
Platforms
SBI Securities website and app, SBI FX Trade platform
Pros
- Japan's first broker to pass 10 million client securities accounts
- Backed by SBI Holdings, a large financial group listed in Tokyo
- Covers stocks, bonds, mutual funds and forex from one account
- Registered with Japan's Kanto Local Finance Bureau since 2008
- Client assets sit under Japan's official investor protection fund
Cons
- FSA suspended its IPO order business for a week in January 2024
- Regulator found staff asked clients to prop up new listing prices
- Retail forex leverage is capped at 1 to 25 under Japanese rules
- Not built for retail traders who live outside Japan
SBI Securities traces back to a Tokyo brokerage founded in 1944. It took its current name in 2008, when a share exchange made it a wholly owned unit of SBI Holdings, a financial group listed in Tokyo. In 2023, it became the first Japanese broker to pass 10 million client securities accounts.
The broker covers stocks, bonds, mutual funds, and margin forex through a unit called SBI FX Trade. Retail forex leverage is capped at 1 to 25 under Japanese rules. SBI Securities is built for people who live in Japan. It also runs smaller offices in Hong Kong, Singapore, and London, but its retail accounts are not aimed at overseas traders.
SBI Securities is registered with Japan's Kanto Local Finance Bureau as a Financial Instruments Business Operator. In January 2024, the FSA suspended its IPO order business for a week. Regulators found staff had asked clients to buy shares in three new listings so prices would not fall below the offer price. The FSA also ordered a written improvement plan.
Min. Deposit
USD 1
Max Leverage
1 to 25 for retail forex clients, the cap set by Japanese regulation
Spreads From
Not published in a standard pip format for international comparison
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
