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SBI NEOMOBILE SECURITIES

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Established Period:
5-10 years
Registered Region:
Japan
Email Address:
N/A
Trusted
1.51
/10
★★★★★
★★★★★

Basic Information

Company Name
SBI NEOMOBILE SECURITIES
Registered Region
Japan
Established Period
5-10 years
Company Service Email Address
N/A
Contact Number
+810368801581
Company Website
https://www.sbineomobile.co.jp

Pros and Cons

Pros

  • Diverse range of tradable instruments
  • Commission-free trading options available
  • User-friendly mobile trading platform
  • Strict fund segregation policies claimed
  • Potential for investment with minimal capital

Cons

  • Regulatory status raises safety concerns
  • Withdrawal process issues reported
  • Slow customer service response times
  • Lack of clarity in fee structures
  • Ambiguity in leverage and spread details

Is SBI NEOMOBILE SECURITIES Safe and Legit?

SBI NEOMOBILE SECURITIES, incorporated in Japan in 2018, has over five years of operational experience. The broker offers a diverse range of tradable instruments, including domestic and foreign stocks, ETFs, investment trusts, and bonds, with commission-free trading options for certain transactions. However, specific details on leverage and spreads remain ambiguous.

The regulatory status of SBI NEOMOBILE SECURITIES is concerning; while it claims to be regulated by the Financial Services Agency (FSA) of Japan, its license has been flagged as potentially unverified or a clone, raising significant safety and legality concerns for prospective traders.

Market reputation for SBI NEOMOBILE SECURITIES is mixed. Users appreciate the user-friendly mobile trading platform but report issues with customer service, particularly regarding the withdrawal process. Complaints about slow responses and lack of clarity in fee structures have been common, leading to a general sentiment of caution among users considering this brokerage.

Is SBI NEOMOBILE SECURITIES a Regulated Broker?

What Are the Regulatory Licenses Held by SBI NEOMOBILE SECURITIES?

SBI NEOMOBILE SECURITIES claims to be regulated by the Financial Services Agency (FSA) of Japan. However, its regulatory status is concerning as its license has been flagged as potentially unverified or a clone. This raises significant safety and legality concerns for prospective traders, indicating that it may not hold any verified regulatory licenses. Therefore, caution is advised for those considering trading with this broker.

Client Fund Segregation: Your Ultimate Safeguard

Capital Protection Measures

SBI NEOMOBILE SECURITIES claims to implement strict fund segregation policies, ensuring that client funds are maintained in independently regulated bank accounts separate from the broker’s operational capital. However, the effectiveness of these measures is uncertain due to the broker’s ambiguous regulatory status.

SBI NEOMOBILE SECURITIES Leverage

Specific details regarding leverage for various product categories and client classifications are not disclosed. Therefore, it is unclear how the broker’s leverage offerings align with local regulatory requirements, and traders are encouraged to exercise caution when considering trading with this broker.

SBI NEOMOBILE SECURITIES Withdrawal Review

How to Contact SBI NEOMOBILE SECURITIES?

SBI NEOMOBILE SECURITIES has received mixed reviews from users, particularly concerning withdrawal issues. Common complaints include delays in processing withdrawals and a lack of clarity in communication regarding fees and timelines. Sources of these complaints primarily stem from user reviews on trading forums and social media. The broker’s handling of these complaints seems to be slow, with many users reporting extended response times when seeking assistance. While there are no regulatory penalties reported against the broker, the repetitive nature of withdrawal complaints raises caution about its operational practices, reflecting concerns regarding the broker’s legitimacy and safety.

Frequently Asked Questions

A1: SBI NEOMOBILE SECURITIES claims to be regulated by the Financial Services Agency (FSA) of Japan. However, its regulatory status is concerning as its license has been flagged as potentially unverified or a clone, raising significant safety concerns for prospective traders.

A2: SBI NEOMOBILE SECURITIES claims to implement strict fund segregation policies, ensuring that client funds are maintained in separate accounts from the broker’s operational capital. However, the effectiveness of these measures is uncertain due to the broker’s ambiguous regulatory status.

A3: Users have reported mixed experiences with SBI NEOMOBILE SECURITIES, particularly concerning withdrawal issues. Common complaints include delays in processing withdrawals and a lack of clarity regarding fees and timelines, leading to a general sentiment of caution among users.

A4: While specific contact channels are not detailed, users typically reach out to brokerage support through official channels found on the broker’s website. However, reports indicate that customer service response times can be slow.

A5: SBI NEOMOBILE SECURITIES offers a diverse range of tradable instruments, including domestic and foreign stocks, ETFs, investment trusts, and bonds, with some commission-free trading options available for certain transactions.

Risk Disclosure

Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.