SBI Forex Broker
Basic Information
Japan
15-20 years Regulated in Japan Retail Forex License Self-developedCompany profile
Rating Index
SBI Forex Broker - Complete Information Guide
1. Broker Overview
SBI Securities, formally known as SBICAP Securities Ltd., was established in 2006 as a fully owned subsidiary of SBI Capital Markets Ltd. Headquartered in Mumbai, India, this public company is a prominent player in the Indian financial market. As a full-service broker, SBI Securities offers a wide range of services catering to both retail and institutional clients, including equity trading, derivatives, and depository services.
With a significant presence in the market, SBI Securities serves a diverse clientele that includes individual investors, high-net-worth individuals (HNIs), and non-resident Indians (NRIs). The company's development over the years has been marked by various milestones, including the introduction of its flagship online trading platform, SBI Smart, which enables seamless trading in equities, derivatives, mutual funds, and more.
As a subsidiary of the State Bank of India (SBI), the largest commercial bank in India, SBI Securities benefits from the bank's extensive network and reputation. The brokerage operates under a full-service model, providing comprehensive investment solutions, including research and advisory services, which enhance the trading experience for its clients.
2. Regulatory and Compliance Information
SBI Securities operates under the supervision of several regulatory bodies, primarily the Securities and Exchange Board of India (SEBI). The firm is registered with SEBI, ensuring compliance with all regulatory requirements. The registration number for SBI Securities is INZ000182430.
In addition to SEBI, SBI Securities is also a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The licenses held by SBI Securities allow it to provide a wide array of trading and investment services across these exchanges.
The brokerage adheres to strict guidelines regarding the segregation of client funds, ensuring that all client deposits are held in separate accounts to protect investor interests. Furthermore, SBI Securities is committed to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance, implementing robust measures to verify the identity of its clients and prevent financial fraud.
3. Trading Products and Services
SBI Securities offers an extensive range of trading products, including a diverse selection of forex currency pairs. Clients can trade major currency pairs such as USD/INR, EUR/INR, and GBP/INR, along with several minor and exotic pairs.
In addition to forex trading, SBI Securities provides access to CFD products across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad offering allows clients to diversify their portfolios and take advantage of market opportunities.
The firm frequently updates its product offerings to include new instruments, ensuring that clients have access to the latest market trends. Retail trading services are complemented by dedicated solutions for institutional clients, which include tailored trading strategies and market insights.
4. Trading Platforms and Technology
SBI Securities supports the popular MetaTrader 4 (MT4) platform, providing clients with a familiar interface for trading forex and CFDs. Additionally, the brokerage has developed its proprietary trading platforms, including SBI Smart Xpress for desktop users and a mobile app for on-the-go trading.
The web-based trading platform allows users to trade directly from their browsers without the need for software installation. The mobile application is available for both iOS and Android, offering features such as live market quotes, research reports, and the ability to manage trades from anywhere.
SBI Securities employs an ECN (Electronic Communication Network) execution model, ensuring that trades are executed quickly and efficiently. The firm maintains robust technical infrastructure, with servers located strategically to enhance order execution speed. API access is also available for clients interested in automated trading solutions.
5. Account Types and Trading Conditions
SBI Securities provides several account types tailored to different trading needs. The standard account requires a minimum deposit of ₹25,000 and offers competitive spreads and commissions.
For more active traders, the firm offers premium accounts with enhanced features and lower trading costs. Additionally, specialized accounts, such as Islamic accounts for clients requiring Sharia-compliant trading options, are available.
SBI Securities also provides a demo account for new traders to practice their strategies without financial risk. The leverage offered varies by product, with up to 5x leverage available for intraday trading.
6. Fund Management
SBI Securities supports a variety of deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, with details provided during the account opening process.
Deposits are processed quickly, often within the same business day, ensuring that clients can start trading without delay. However, there may be fees associated with certain deposit methods, which are clearly outlined in the brokerage's fee schedule.
Withdrawals can be made through the same methods used for deposits, with specific limits and processing times depending on the chosen method. SBI Securities aims to process withdrawal requests promptly, typically within 1-3 business days.
7. Customer Support and Educational Resources
SBI Securities offers comprehensive customer support through various channels, including telephone, email, and social media. While live chat support is currently unavailable, the firm provides extensive resources on its website to assist clients.
Customer service operates during standard business hours, with dedicated support for both retail and institutional clients. The brokerage also provides educational resources such as webinars, tutorials, and e-books to help clients enhance their trading knowledge.
Market analysis services are available, offering daily insights and research reports to keep clients informed about market movements and opportunities.
8. Regional Coverage and Restrictions
SBI Securities primarily serves the Indian market, with a strong presence across the country. The brokerage operates through multiple branches, ensuring accessibility for clients in various regions.
However, certain countries may be restricted from accessing SBI Securities' services due to regulatory compliance issues. The firm does not accept clients from jurisdictions that prohibit its operations, ensuring adherence to international laws and regulations.
In summary, SBI Securities is a reputable broker offering a comprehensive range of services and products to meet the diverse needs of its clients. With a strong regulatory framework and a commitment to customer service, SBI Securities stands out as a solid choice for traders and investors in the Indian market. As a trusted sbi broker, it continues to evolve and adapt to the changing landscape of the financial markets.
SBI Similar Brokers
Latest Reviews
安德斯
Taiwan
1. The exchange name is SBI and is registered in China and Japan. When I traded in November 2023 on the website www.sbicllwllslqw.com. I could not withdraw. Later I found that there were three other URLs on the platform that were the same. I can log in to www.sbigtr.com, www.sbilamkiedjroc.com, or www.sbiuuolehjne.com with the same account and password. The notification emails are all from SBIofficial@protonmail.com (the mailbox SBI sent me is the same). But in February 2024, All websites and apps were closed unexpectedly. Currently, it is no longer possible to log in. On February 22, a letter was sent to stop the service. 2. On 2023/11/3 and 2023/11/4, I deposited 1,000 USDT and 1,100 USDT respectively. I didn’t know how to operate and lost money. So on November 27, 2023, I deposited 11,696 USDT and 20,000 USDT respectively (I borrowed money from a friend to deposit) and earned 78,161.40 USDT. Then I wanted to withdraw 16,000 USDT. The nightmare began, they required me to pay taxes for various reasons (1) SBI requires The real-name certification of the account and a legal citizen of Taiwan must pay a 5% deposit of the account balance to verify the operation! Margin: 3908.07USDT. As a result, I deposited 3999 USDT, but the number was different from it, so I paid another 3908.07USDT. (2) The total cross-border deposit of 20,000USDT has not yet paid the customs duty. Your current account is temporarily restricted from withdrawal. Please make the additional payment and your account will be updated. It can return to normal, the official tax rate is 17.6%, and the amount of back-tax payment is: 3520 USDT. At this time, my account reached 89588.47 USDT (the exchange will credit the first three payments into the account) (3) According to Taiwan Mainland July. 1st “Preventing Money Laundering and Combating Terrorism Financing for Virtual Currency Platforms and Trading Business Enterprises” formulated by the Financial Supervisory Commission, your current account is classified into a high-risk account category. SBI officials will no longer provide services for this account, and you are required to pay 6% of the account balance as a fee for canceling. The amount of the notarized deposit is 5375.2482USDT (4) Several TRX handling fees are transferred from mainland funds. To avoid the money laundering risk of mainland users, SBI officials carry out risk control and require Taiwanese legal citizens to pay a 3% deposit of the account balance. Carry out verification operation! Guaranteed amount: 2687.3241USDT (5) The withdrawal address has been filed for you. To avoid the risk of money laundering for users, SBI officials have detected that your account has a low overall score and require you to pay 4% of your account balance as the filing address. The number of registered funds was 3583.4988USDT. (3)-(5) were not credited to my account, so the exchange withheld (6) cross-border deposits, totaling 20,000 USDT. Profit accounted for cross-border funds. Total recharge amount: 45.1528 % Recently, it has been discovered that a large number of people are laundering money, and the source of the funds is unknown. The International Financial Supervisory Commission will implement new regulations from February 1, 2023. Currently, your account is subject to risk control and withdrawals are temporarily restricted. You are required to pay the profit tax before the account can be restored. Normally, the official tax rate is 19.7%, and the amount of back-payment of duties is 3807.56 USDT; this amount has not been paid. 3. Every time I pay a tax, I ask customer service whether I can withdraw the amount after paying it and return the deposit and duties paid. , cancellation of notary funds, etc. The answer comes the same every time. Currently, my account only has this amount of funds that need to be paid, and there are no subsequent funds that need to be paid. As a result, there are new questions to pay after paying. 4. I left this detailed information and hope that no one will be deceived like me in the future. I found that its registration URL can be used until 2024/9/22, and I am afraid that it will appear and continue to accept registrations for fraud. The platform of the website is Gname.com Pte. Ltd.5.
Exposure
2024-02-23
邱浩銓
Colombia
First, I don’t tell lies. SBI is a great platform that's totally above board and transparent. Trading fees are reasonable and won't break the bank. The only drawback is that their customer service can be a bit slow to get back to you. Overall though, I'm really impressed with SBI Neotrade Securities and I'd definitely recommend it to any trader who wants a reliable and trustworthy platform.
37130
2023-03-23
Saba Samuel
Nigeria
Although SBI appears well-regulated with a strong WikiFX score of 8.10 and a long operational history, I still have a few reservations after reviewing their profile. The platform shows a “Good” trading status, but that alone doesn't paint the full picture. Despite having a high capital ratio, there’s limited transparency on how the self-developed systems are maintained or audited. For retail traders, that lack of third-party verification can be concerning. Additionally, the lack of recent user feedback and reviews creates uncertainty about their current customer support and execution quality. Just because they’ve been around for 15-20 years doesn’t guarantee smooth service today. A clean interface is one thing—but without updated client experience reports, it’s hard to fully trust the performance behind the scenes. Before committing funds, I’d recommend anyone do deeper research, maybe test with a small account first, and ask them direct questions about
37130
2025-07-28