Independent review and feedback on BB Trade.

Independent review and feedback on BB Trade

Absence of customer feedback may indicate insufficient trust in the brokerage firm. Some criminal organizations create scam projects, hoping to deceive gullible traders who are unaware of deceitful intentions and are willing to sacrifice their savings. One such dubious project is BB Trade – a new pseudo-broker that started operating in June 2020. The lack of reviews and comprehensive analysis leads us to be cautious about this firm. Let’s delve deeper into what bbtrade.pro really is and why it’s better to steer clear of it.

Information about the company BB Trade

The official website bbtrade.pro claims that the company was established with the aim of providing unique methods to achieve financial success. However, there is no confirmation of this statement. The project’s founding date, names of executives, and registration location all remain a mystery. The only information available is that in 2010, General Group (the connection to which remains unclear) entered into partnership agreements with global brokers. It is claimed that it is thanks to this that BB Trade was able to embark on the path to global success and become known in the international market.

By all indications, it seems that the creators simply copied information from other sources to fill their website. There is no logic in the presented information. Furthermore, upon checking the domain name, it was found that bbtrade.pro was launched on June 11, 2020. Thus, claims of long-term experience and international achievements turn out to be falsehoods that are carefully concealed.

Instead of concrete information, the creators throw around empty words and advertising slogans:

• modern platform,
• 24/7 support,
• user-friendly interface,
• unique application.

According to the information on the website, the BB Trade office is located at: Loft Pineapple, 22 Pink Street, New York. Upon verification, it was found that this address is also listed for another company – Monomo. Reviews about this pseudo-broker, as well as about bbtrade.pro, have not been found yet.

The phone number +1 123 456 78 90 is listed in the contact information section. Note that the same number is listed for Monomo. Most likely, they were launched by the same developers as BB Trade. Attempts to contact project managers have been unsuccessful – the number is fictitious.

You can send a request to the email address [email protected] to obtain the necessary information. However, it is not recommended to do this on your own. In the process of preparing reviews, there have been instances of traders complaining about their personal information being passed on to other broker scams. Once scammers obtain your email address or phone number, they start bothering you with persistent calls and spam messages.

BB Trade lacks and has not provided any documents on registration or a license for brokerage activities. However, this does not stop charlatans from attracting traders and promising them fantastic profits. With the presence of a Russian-language version of the website, fraudsters actively target residents of CIS countries, including Russia. At the same time, they do not have permission from the Central Bank of Russia and do not have representations in the country.

Opening an account on the BB Trade website

Registration on bbtrade.pro is a standard operation that will only take a few minutes. You just need to fill out the electronic form, providing the following details:

• email address,
• password (twice),
• first and last name,
• country of residence,
• phone number.

Then you just need to confirm agreement with the privacy policy and terms of the user agreement. However, there is a certain problem. There are no legal documents on the bbtrade.pro website at all! Clicking on any of the specified links results in a 404 error.

Review of trading conditions on BB Trade

BB Trade follows the practices of scammers by not providing information on trading conditions. The size of leverage, spreads, swaps remain questionable. The minimum deposit amount is not even known! At the same time, fraudsters promise colossal profits and access to trading in base currencies on Forex, stock indices, commodities, and stocks of Russian and US companies.

The official BB Trade website features reviews of trading accounts, but without specifics. It was found out that:

• Basic. Traders with this account are offered to enter the financial market, familiarize themselves with the platform, and receive assistance from a personal manager,
• Silver. The description is characterized as a complete misunderstanding. Traders are promised a whole set of analyses (technical, comprehensive, detailed), individual guidance, risk management, as well as short and long-term trading strategies,
• Gold. Features of the trading account include trading signals, improved margin, enhanced trading strategies, and assistance from a senior account manager,
• Platinum. The difference from the rest lies in the possibility of conducting an individual webinar with an expert and real-time trading,
• Diamond. Here, the fraudsters simply decided to write “contact your account manager.”

We have never encountered a more uninformative review of trading accounts than at BB Trade! The conversation is simple: there is no trading on the pseudo-broker’s platform and there won’t be. Clients of this company can only count on cheap staging with trading simulation. This show will only end when scammers realize that there is nothing more to extract from the victim.

Depositing and withdrawing funds on the BB Trade website

One-day brokers, such as BB Trade, operate solely on attracting funds. It is impossible to withdraw your savings from scammers. Forums are full of reviews from deceived traders recounting such cases. We are absolutely certain that soon there will be posts and reviews about BB Trade.

On the official website of this pseudo-broker, you cannot find information about the size of commissions and the payment systems used. Fraudsters have limited themselves to logos of popular payment systems and a general regulation. They claim that applications are processed within three days, but admit that this may take longer.

Reviews of BB Trade: public opinion

Considering that the fake broker BB Trade has been operating for less than a month, reviews of cooperation with it are absent on both Russian-speaking and foreign forums. Only recently has the first review appeared, where a trader recounts that scammers from this company have already called him. Dmitry insists that he usually carefully examines reviews, but in the case of BB Trade, he was saved by an expert review. Thanks to this, he was able to avoid participating in the scam.

The essence of BB Trade fraud

As of now, there are no reviews from real clients of the fake broker BB Trade to allow us to analyze deception methods in detail. However, all signs indicate that this is a typical scam scheme that will not invent anything original.

At the moment, the project is in the active promotion stage. Scammers are looking for potential victims on forums about earning, on social networks, posting advertising posts. They convince to deposit at least a minimum amount. Considering the absence of demo accounts at BB Trade, traders have to immediately risk real money.

A fake trading platform is offered for trading. The software used helps scammers easily simulate trading and create any numbers, charts. When a trader realizes they are being deceived, they may already incur significant losses. Since this company is fictitious and exists only online, refunding funds is not possible. You can leave a negative review and warn others about the BB Trade scam, but that’s all you can do.

Summary of the BB Trade pseudo-broker review

BB Trade is just ordinary scammers who abuse the trust of naive people. The lack of registration and a license for blatant fraudsters does not hinder their actions. They are focused on deceiving trusting traders and aim to lure out as much money as possible as quickly as possible.

When the number of negative reviews reaches a certain level, BB Trade will cease its operations. Scammers have already prepared the ground and launched another parallel scam project – Monomo. It would not be surprising if it turns out that they have many more cloned fake brokers. Our advice: do not entrust your savings to BB Trade and warn acquaintances about this scam.

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