SHINSEI BANK Forex Broker

SBI Shinsei Bank Review Summary Founded/ Registered Country/RegionJapan RegulationNo regulation Trading ProductsInvestment Trusts, Bonds, Stocks Trading PlatformSBI Shinsei Bank App Minimum Deposit/ Customer SupportOnline chat, Contact formSBI Shinsei Bank Information The SBI Shinsei Bank is a Japanese bank that offers a wide range of banking and investment services to both individuals and businesses. It supports services in loans, investment trusts, bonds, robo-advisors, and products for managing wealth. They used to offer an FX trading service, but that ended in 2020. With the SBI Shinsei Bank App and Power Direct Internet Banking service, customers can keep track of their accounts and investments.Pros and Cons ProsCons Wide range of deposit and asset management productsNo regulation Multiple financial services offeredComplex fee structures Strong overseas remittance and foreign currency supportNo info on deposit and withdrawal Live chat supportIs SBI Shinsei Bank Legit? No. SBI Shinsei Bank is an unregulated bank. Clients should be aware of this in trading.What Can I Trade on SBI Shinsei Bank? Trading ProductsSupported Investment Trusts✔ Bonds✔ Stocks✔ Forex❌ Commodities❌ Indices❌ Cryptos❌ Options❌ ETFs❌Services ServicesSupported Deposits (various yen and foreign currency savings and time deposits)✔ Loans (housing loans, card loans, consumer finance)✔ Investment Trusts and Asset Management Products✔ Wealth Management Consultation (phone/video/in-person)✔Fees FeesServiceFee (Yen, includes 10% consumption tax) Transfer Fee (within SBI Shinsei Bank)At ticket window529 (920 if no account) Transfer Fee (to other banks)Power Direct (internet banking)0 (limited times/month by step-up program) Power CallCurrently not accepted, emergency exceptions apply RemittancesUsing money transfer service0 (limited to financial institutions with recipient pre-registration) Reversal Fee (transfer recall)Ticket window524 (1,020 if no account) Power Call0 (once per month for other banks) Collection FeeBill collection2,095 per piece Dishonored Bill Return FeePayment collection Account Management Fees1 account/month0 at ticket window; Power Call / Power Direct / ATM fees may apply OthersVarious certificate issuance and card reissuance feesRefer to official fee schedule For detailed fees on foreign currency transfers, cash cards, and other services, please refer to the official SBI Shinsei Bank website.Trading Platform Trading PlatformSupportedAvailable Devices SBI Shinsei Bank App✔iOS, Android