Basic Information
Registered Region 
Japan
JapanOperating Period
5-10 years
Company Name
Shinsei Bank, Limited
Contact Number
+81 3 5954-7530
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
SHINSEI BANK
Japan
|
5-10 years
|
Suspicious Regulatory License
|
High potential risk
http://www.shinseibank.com/powerflex/fx/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Japan 5.41Surpassed 15.80% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+81 3 5954-7530
http://www.shinseibank.com/powerflex/fx/
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Biz Area
Website
Company Summary
Comment
Users who viewed SHINSEI BANK also viewed..
XM
9.10
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
XM
Score
9.10
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
fpmarkets
8.88
Score
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
fpmarkets
Score
8.88
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
AVATRADE
9.50
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
AVATRADE
Score
9.50
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Neex
8.73
Score
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Neex
Score
8.73
ECN Account 15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
- 118.103.119.50Server LocationICP registration--Most visited countries/areas--Domain Effective Date2000-02-09WebsiteWHOIS2016.JPRS.JPCompanyJAPAN REGISTRY SERVICES CO., LTD.
Company Summary
| SBI Shinsei Bank Review Summary | |
| Founded | 2000 |
| Registered Country/Region | Japan |
| Regulation | No regulation |
| Trading Products | Investment Trusts, Bonds, Stocks |
| Trading Platform | SBI Shinsei Bank App |
| Minimum Deposit | / |
| Customer Support | Online chat, Contact form |
SBI 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
| Pros | Cons |
| Wide range of deposit and asset management products | No regulation |
| Multiple financial services offered | Complex fee structures |
| Strong overseas remittance and foreign currency support | No info on deposit and withdrawal |
| Live chat support |
Is 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 Products | Supported |
| Investment Trusts | ✔ |
| Bonds | ✔ |
| Stocks | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Services
| Services | Supported |
| 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
| Fees | Service | Fee (Yen, includes 10% consumption tax) |
| Transfer Fee (within SBI Shinsei Bank) | At ticket window | 529 (920 if no account) |
| Transfer Fee (to other banks) | Power Direct (internet banking) | 0 (limited times/month by step-up program) |
| Power Call | Currently not accepted, emergency exceptions apply | |
| Remittances | Using money transfer service | 0 (limited to financial institutions with recipient pre-registration) |
| Reversal Fee (transfer recall) | Ticket window | 524 (1,020 if no account) |
| Power Call | 0 (once per month for other banks) | |
| Collection Fee | Bill collection | 2,095 per piece |
| Dishonored Bill Return Fee | Payment collection | |
| Account Management Fees | 1 account/month | 0 at ticket window; Power Call / Power Direct / ATM fees may apply |
| Others | Various certificate issuance and card reissuance fees | Refer 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 Platform | Supported | Available Devices |
| SBI Shinsei Bank App | ✔ | iOS, Android |
Keywords
- 5-10 years
- Suspicious Regulatory License
- High potential risk
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Write a comment
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now