According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 1000 THB
- Web platform
- Settrade Streaming
- SBITO mobile apps
- 1:1
- 4-level fee model subject to the daily trading volume
- Trading DRx
- Access to U.S. exchanges.
Our Evaluation of SBI Thai Online Securities
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
SBI Thai Online Securities is a high-risk broker with the TU Overall Score of 2.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by SBI Thai Online Securities clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
SBI Thai Online Securities is a subsidiary of the SBI investment group that offers a wide range of financial services in Thailand, including brokerage services, asset management, and investment on local and U.S. exchanges.
Brief Look at SBI Thai Online Securities
SBI Thai Online Securities, also known as SBITO, was incorporated in 2014 for investing and trading on exchanges in the U.S. and Thailand. It is a part of SBI Group, a Japanese financial holding with a wide network of representative offices worldwide, including the U.S., and manages the capital of JPY 251 billiards. SBI Thai Online Securities provides direct access to the Stock Exchange of Thailand (SET) and Thailand Futures Exchange (TFEX), as well as access to U.S. exchanges through DriveWealth, a broker licensed by FINRA (U.S. Financial Industry Supervisory Authority). SBITO is regulated by the SEC (Securities and Exchange Commission of Thailand). The broker opens its accounts for citizens of Thailand over 20 years old and foreign residents.
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- Regulation at the place of business registration;
- Direct access to securities and derivatives exchanges of Thailand;
- International trading on NYSE and Nasdaq;
- Trading fees are reduced when daily trading volumes increase;
- Minimum deposit is THB 1,000 or THB 5,000 subject to the deposit method;
- Wide choice of basic and derivative financial instruments;
- Free Thai stocks for new clients.
- It is required to maintain the balance of THB 50,000 on the Cash account;
- No demo mode is available on trading platforms;
- Deposits are made from 7:30 to 17:30 (GMT+7) on weekdays.
TU Expert Advice
Financial expert and analyst at Traders Union
SBI stands for Strategic Business Innovator. It reflects the company's core principles of providing technological platforms for clients to trade on stock exchanges directly, conduct in-depth market analysis, and manage their accounts, funds, and investment portfolios. The company also uses the short name SBITO.
SBI Thai Online Securities, being the broker registered in Thailand, specializes in local SET and TFEX. However, it also offers access to trading fractional shares on foreign sites. Access to the U.S. stock market is provided by DriveWealth LLC, a U.S. broker regulated by FINRA and participating in SIPC (Securities Investor Protection Corporation). In 2019, SBI Thai Online Securities became the first DriveWealth partner in Thailand.
In January 2022, SBITO introduced proprietary mobile apps for Android and iOS, which provided access to a more progressive type of investment. Moreover, the company offers the Settrade Streaming platform that has a built-in stock screener and supports conditional orders and trading according to the Dollar-Cost Averaging (DCA) strategy.
SBI Thai Online Securities Summary
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. SBI Thai Online Securities Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Web platform, SBITO mobile apps, and Settrade Streaming |
|---|---|
| 📊 Accounts: | Securities account — Cash, Cash Balance, and Credit Balance; Derivatives account; Mutual Funds account, and DRx account |
| 💰 Account currency: | THB and USD |
| 💵 Deposit / Withdrawal: | Bank transfers through SBITO mobile apps, the broker’s website, and Automatic Transfer Service (ATS) |
| 🚀 Minimum deposit: | THB 1,000 - THB 5,000 subject to the payment method |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | One share |
| 💱 EUR/USD spread: | No |
| 🔧 Instruments: | Stocks, ETFs, options, futures, stock indices, U.S. fractional shares, DRx (Fractional Depository Receipts), and mutual funds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: |
4-level fee model subject to the daily trading volume; Trading DRx; Access to U.S. exchanges. |
| 🎁 Contests and bonuses: | Free stocks and coupons for purchasing partner products |
Traders can start investing in stocks through SBI Thai Online Securities with any amount. However, in fact, not less than THB 1,000 can be deposited by a bank transfer, and not less than THB 5,000 through ATS. The broker offers its proprietary platforms and Settrade Streaming, which is popular in Thailand. Moreover, its clients can place trading orders by phone through a manager. The exchange account can be opened in the broker’s office and online.
SBI Thai Online Securities Key Parameters Evaluation
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Trading Account Opening
To authorize on the SBI Thai Online Securities website, user names and passwords are required. This means you need an active user account that can be created online by following several simple steps.
First, select the account type that best suits your investment goals and strategies and click the button to open it.
Next, provide your personal data in the account opening form. Also, set a password for your first login into the user account. It has to be changed every three months. The last stage is uploading documents that confirm your identity and residence address.
Regulation and safety
SBI Thai Online Securities is a member of Stock Exchange of Thailand under number 33. Also, the broker has been registered on TFEX since 2014.
The broker’s activities are regulated by the Thai Securities and Exchange Commission. It is entitled to provide intermediary services for trading securities and derivatives on stock exchanges, as well as conduct underwriting of new stocks.
Advantages
- The broker has been a registered member of the largest Thai exchanges for over 10 years
- The regulator constantly supervises SBITO to promptly find violations or downtrends in its financial performance
- The company’s net profit is constantly growing
Disadvantages
- Account opening and verification takes up to 3 days
- To increase a credit limit, additional documents such as salary certificates, payroll statements, etc. are required
- Thai citizens can open accounts only upon reaching the age of 20
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cash | 0.02% but not less than THB 50 | THB 0 for ATS; Banks fees for bank transfers |
| Cash Balance | 0.02% | THB 0 for ATS; Banks fees for bank transfers |
| Credit Balance | 0.02% | THB 0 for ATS; Banks fees for bank transfers |
SBI Thai Online Securities clients can pay additional non-trading fees. These include fees for securities transfer from another broker, overdue payments on the Credit Balance account, etc.
The comparative table below provides average fees of SBITO and two leaders of TU ranking.
Account types
Each broker’s account type is designed for trading certain asset classes. Clients can have several account types. The range of accounts for citizens of Thailand and other countries differs. Foreign residents are recommended to visit the English version of the SBITO website for relevant information. This review describes account types available to Thailand residents.
Account types:
The broker doesn’t offer a demo account. Trading financial instruments is conducted only with real money and real risk of losses.
SBI Thai Online Securities is a licensed participant of SET that offers access to trading securities on different markets through its online platforms and other channels.
Deposit and withdrawal
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Traders can withdraw their funds by direct bank transfers or ATS.
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Minimum withdrawal amount is THB 2,000.
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If clients submit withdrawal requests by 13:00 (GMT+7), they receive funds the next business day. If requests are submitted after 13:00, money is credited to bank accounts within 2 business days.
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Fees for using ATS are not charged. Banks may withhold their fees for withdrawals made by regular bank transfers.
Investment Options
SBI Thai Online Securities offers a wide range of investment solutions, including trading stocks, bonds, funds, options, futures, and other assets. The broker also offers access to different investment products and programs that allow its clients to use long-term strategies or automate the trading process.
SBI Thai Online Securities’ popular offers for investors
The company is a member of the securities and derivatives exchanges of Thailand. Therefore, its clients can use numerous investment solutions that include:
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Investment (mutual) funds. SBI Thai Online Securities is an agent for 10 large asset management companies, allowing its clients to receive income from buying and selling shares of the most liquid funds and from dividends, asset sales, interest on deposits, etc.
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SBITradeAI. This is an AI-based platform. It selects perspective stocks according to continuous fundamental and technical analyses using over 50 indicators.
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Dividends. Investors can buy stocks that imply rewards for their holders on SBI Thai Online Securities platforms. Fees for dividends are up to 30% of the profit, subject to the market.
Unlike many stock brokers, SBI Thai Online Securities doesn’t pay interest on available funds or offer savings accounts. These solutions are the easiest additional income options, but currently, there are none.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from SBI Thai Online Securities:
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The broker’s referral program implies several reward types for clients who attract new users with their links. Referrers receive THB 500 for each new account.
If more than 5 referrals use the active client’s link to create their user accounts, an additional bonus of THB 300 is paid. If more than 100 new accounts are opened using the link, its owner receives THB 2,000.
Customer support
The company helps its clients and responds to their questions from 8:30 to 17:30 (GMT+7) Monday through Friday. If a weekday is a national holiday, support isn’t available.
Advantages
- Support is available in Thai, English, and Japanese
- The company offers a call center
Disadvantages
- Traders can only visit the Bangkok office
- Online support isn’t available
To get assistance from an SBI Thai Online Securities manager, use one of the following communication channels:
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Hotline;
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Fax;
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Email;
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Feedback form;
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Visit the office.
SBI Thai Online Securities provides assistance not only to its clients, but also to investors without active accounts.
Contacts
| Registration address | SBI THAI ONLINE Securities Company Limited, 1768 Thai Summit Tower 31st Fl., New Petchburi Rd., Bangkapi, Huaykwang, Bkk 10310 Thailand |
|---|---|
| Regulation | SEC |
| Official site | https://www.sbito.co.th/ |
| Contacts |
02-022-1499, 02-112-1499
|
Education
The SBI Thai Online Securities website doesn’t contain training on investing and trading financial instruments. Potential investors can learn trading conditions and information about the company, as well as get access to market data.
The company holds free online seminars on investing in the stock market. Anyone can participate in those.
Detailed Review of SBI Thai Online Securities
SBI Thai Online Securities offers such tools and resources for conducting market analysis, making investment decisions, and monitoring portfolios as electronic trading platforms, research reports, newsfeeds, and analytical tools. This allows investors to choose the best strategies according to their financial goals, acceptable risks, and trading preferences. The broker is a part of a reliable holding that provides secure long-term investment.
SBI Thai Online Securities by the numbers:
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10+ years of working as a financial intermediary;
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Over 70 qualified employees;
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Paid-up capital is over THB 1 billiard;
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The broker is a part of SBI Group that has over 200 representative offices in 21 countries.
SBI Thai Online Securities is a company that provides brokerage services to investors from different countries
The broker allows clients to trade securities on the Stock Exchange of Thailand (SET), the country's largest exchange. It also provides access to the Thailand Futures Exchange (TFEX) for derivatives trading, including options on the SET50 Index and futures contracts on metals, commodities, single stocks, currencies, and indices. Additionally, SBI Thai Online Securities acts as an agent for buying and selling shares in mutual funds.
The broker also provides access to foreign markets. Its clients can trade on NYSE and Nasdaq. The special SBI Thai Online Securities account provides for investing in DRx issued by foreign companies.
Useful services offered by SBI Thai Online Securities:
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Weekly, monthly, and quarterly reports on securities and derivatives markets;
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Online fee calculator for Cash Balance and Credit Balance accounts;
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Daily morning market reviews;
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Choice of stocks for intraday sessions;
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Expert recommendations on stocks of Thailand;
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Regular U.S. securities market research;
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Fundamental reports by companies and countries.
Advantages:
Passive income options include partnership programs;
Trading platforms for PCs and mobile devices run on Android and iOS;
Lots of analytical data and market reports;
Free withdrawal through ATS;
No mandatory minimum fees for Cash Balance and Credit Balance accounts.
SBI Thai Online Securities allows its clients to trade securities through electronic platforms and to view market data, analytics, and statistics on asset portfolios.
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