SBITOReview: Securities Company SBITOIs it good?
Overview and general information
SBITO (SBI Thai Online)It is a securities company that operates in the form of an online brokerage. It is a subsidiary of the SBI Group, one of the largest financial groups in Japan. It was established in Thailand with the aim of promoting convenient and worthwhile online investment under the concept of “Easy, Complete, All in One Place” and aims to be a broker that allows investors of all levels to easily access the financial market.
SBITO was founded in 2015 as the first online broker in Thailand to offer lower commissions than its competitors in the market. With the expertise of the SBI Group with a global network, the company has applied its experience and technology from overseas to enhance its services in Thailand. Throughout the years, it has continuously expanded its customer base with transparent services and an emphasis on the convenience of investing through 100% online channels.
Licensing and Regulation
If you ask whether SBITO is good or not, you have to start by considering the license factor first, which isSBI Thai Online Securities Co., Ltd. (SBITO) is an online broker licensed by the Securities Regulatory Commission of Thailand as follows:
Securities and Futures Business License- SBITO is licensed by the Ministry of Finance and the Securities and Exchange Commission (SEC) to conduct securities and futures brokerage business.
Type A is securities distribution and securities brokerage, license number LK-0070-01.
Type S-1 is a futures contract broker, license number S1-0070-01.
Member of the Stock Exchange of Thailand- SBITO is member number 33 of the Stock Exchange of Thailand (SET).
Products and services
Investment products
Securities Company SBITO (SBI Thai Online)It is an online broker that offers a variety of investment products to meet the needs of investors as follows:
Domestic stock trading: Stock trading services on the Stock Exchange of Thailand (SET) and the Market for Alternative Investment (mai) with a commission starting at 0.075% - 0.02%.
Foreign stock trading: Through SBITO Global Trade service, investors can access the US stock market and invest in foreign stocks, including fractional shares trading, which allows investors to invest in high-priced stocks with a smaller amount.
Derivatives (Futures): Futures ROBOT Trade service that allows investors to invest in SET50 Index Futures with various investment models such as Swing-Trend Hybrid, Breakout, and Momentum with Volume to suit each individual's investment strategy.
IPO share subscription:Subscribe to purchase new shares offered for the first time to the public (IPO) with random allocation of shares to give customers the opportunity to participate in investing in companies that are about to enter the stock market.
Investment tools: Tools that help analyze and make investment decisions, such as SBITRADE AI, which uses artificial intelligence to scan stocks, and eFin Stock Pickup, which helps in in-depth stock analysis.
Trading tools and platforms
SBITOSupports a variety of trading tools and platforms to facilitate and improve the efficiency of clients' investments as follows:
Streaming: The main investment program of the Stock Exchange of Thailand used for trading stocks and derivatives. It has functions that meet the needs of investors, such as viewing fundamental information, technical charts in real time, and various notification functions to make investments accurate and timely.
SBITRADE AI: An AI-based tool to scan quality stocks, suitable for investors with little time. AI will select healthy stocks and give scores on both fundamental and technical factors, helping to reduce investment risks.
eFin Stock Pickup: A tool that helps in in-depth stock analysis, helping investors to find stocks that match their investment criteria quickly and efficiently.
DCA (Dollar-Cost Averaging): A service that allows investors to invest on an average cost basis by investing in installments of equal amounts, reducing the risk of market volatility.
Conditional Order: A function that allows investors to set up pre-orders by setting conditions based on the desired price. When the security price reaches the specified conditions, the system will automatically execute the trade.
SBITO Review: Fees
Stock trading commission
Cash Account
Daily trading value 0 – 5 million baht: Commission 0.100%
Daily trading value 5 – 10 million baht: Commission 0.090%
Daily trading value 10 – 20 million baht: Commission 0.075%
Daily trading value more than 20 million baht: Commission 0.020%
**For Cash Account, there is a minimum daily fee of 50 baht, while Cash Balance and Credit Balance accounts have no minimum daily fee.
Derivatives Trading Fees (TFEX)
SET50 Futures
1-25 contracts: Commission 43.10 baht per contract
26-100 contracts: Commission 67.10 baht per contract
101-500 Contracts: Commission 47.10 baht per contract
More than 500 contracts: Commission 37.10 baht per contract
SET50 Options
1-25 contracts: Commission 41.10 baht per contract
26-100 contracts: Commission 65.10 baht per contract
101-500 Contracts: Commission 45.10 baht per contract
More than 500 contracts: Commission 35.10 baht per contract
**The above fees do not include 7% Value Added Tax (VAT) and other relevant market fees.
Other fees
Securities transfer fee: It depends on the original securities company, approximately 50-100 baht per transaction.
Withdrawal Fee: There is no fee for withdrawals via ATS to registered bank accounts.
Deposit-Withdrawal
There are 3 basic deposit and withdrawal methods: money into the portfolio, money withdrawal from the portfolio, and transfer of securities as follows:
There are 2 channels for depositing money into the stock portfolio:
Real-time deposit: Must link a supported bank account, including Bangkok Bank, Kasikorn Bank, Krungsri Bank, and Siam Commercial Bank, with a minimum deposit of 1,000 baht.
Non-real-time deposit: You can link your bank account to deposit more money into the system with a total of 7 banks: Bangkok Bank, Kasikorn Bank, Bank of Ayudhya, Siam Commercial Bank, Krung Thai Bank, Thanachart Bank, and CIMB Bank. The minimum deposit is 5,000 baht. It takes 2 hours for the deposit to be processed into the system.
How to withdraw money from the stock portfolio
Log in to the website www.sbito.co.th
Click on the Deposit-Withdrawal menu bar.
Inform the account number and payment channel.
Select your preferred payment method, then click Confirm.
Transfer of securities
Log in to the website www.sbito.co.th
Click on the customer information menu.
Press electronic service
Click on the topic of asking about stocks, then click on transfer of securities.
Select the type of securities you wish to transfer.
Verify the accuracy of the information and then press Confirm.
Support and Customer Service
Address: 1768 Thai Summit Tower 31Fl. New Petchburi Rd., Bangkapi, Huaykwang, Bangkok 10310 Thailand
Call: 02-022-1499
Email:[email protected]
SBITO Review: Pros and Cons
Pros
Low commission, starting at only 0.075%
There is no minimum deposit to open an account.
Complete investment tools such as SBITRADE AI and eFin Stock Pickup
100% online account opening process, fast and convenient.
Attractive promotions and privileges, such as free fees on some items
Cons
The trading system can sometimes be unstable.
Customer support may not be as fast as it should be.
The credibility in the market may be less than that of brokers with long experience.
There is no trading platform in foreign markets (limited to Thai stocks in some cases)
Summary of SBITO reviews: Is it good?
SBITO (SBI Thai Online) is a broker that stands out with low commissions, starting at only 0.075%, no minimum deposit to open an account, and a variety of investment tools such as SBITRADE AI and eFin Stock Pickup that support investors' decisions. The convenient and fast online account opening process makes SBITO an ideal choice for investors who want to get started easily. However, there are still some disadvantages to consider, such as the stability of the system that may have problems at times, and customer support that may not be as fast as it should be. Overall, SBITO is a good choice for investors who focus on value and use modern tools in the Thai investment market.
