Global Broker Regulation Inquiry App
WikiFX
Xxpro 
1-2 years
Is SBI NEOMOBILE SECURITIES a legitimate broker to trade with?
Broker Issues
Regulation
08-16
United States
WikiFX
Reply
While SBI NEOMOBILE SECURITIES is part of a well-known financial group and regulated by the FSA, the unverified regulatory status is a significant concern for me. This lack of verifiable regulation makes it difficult to trust the platform completely. Although it offers a range of tradable instruments and commission-free trading options, the unverified regulatory status puts my investments at risk, as I wouldn’t have the same legal protection and recourse available with fully regulated brokers.
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