Reviews of SBH Trade Stocks: Detailed Overview
The leading company SBH Trade Stocks claims to provide secure transactions by storing funds in separate accounts. Qualified broker support is guaranteed. However, should you trust this company? Customer reviews debunk the company’s claims, accusing it of financial manipulations and fraud. An independent review will reveal the truth.
Insights About SBH Trade Stocks
As per SBH Trade Stocks’ presentation, it has been in the market for over 6 years and has attracted over 50,000 active clients. However, domain history verification data contradicts the information on the website. The domain registration of sbhstocks.com was conducted less than a year ago, raising questions about the accuracy of the stated information.
Customers complain about numerous issues, including the lack of guaranteed support from the company. The contact information on the website is dubious, and the phone number provided is fake. A similar phone number is owned by the cryptocurrency exchange Foxqa, which suspiciously resembles SBH Trade Stocks.
Legitimacy of Operations
SBH Trade Stocks does not provide information on legal registration and licensing. An offshore address on the island of Saint Vincent and the Grenadines may indicate the company’s dishonest intentions. The absence of the company in the beneficiary list of the mentioned island and the supervisory authority’s refusal to issue permissions to brokers raise concerns about the legality of operations.
Trading Conditions
SBH Trade Stocks offers access to 500+ trading assets, such as currency pairs, stocks, metals, indices, and CFDs. However, there are no training opportunities on the website. The tariff plan options vary based on minimum deposit, leverage, terms, and bonus rewards. Copy trading as a form of passive income, according to reviews, is also ineffective, and the company does not clarify the terms of financial transactions.
Customer Reviews
Reviews confirm that SBH Trade Stocks operates as a fraudulent broker, promising many opportunities but applying psychological pressure to attract funds in reality. Study the experiences of other users to independently assess the risks.
Scammers’ Tactics
SBH Trade Stocks lures users with low entry barriers and bonuses to later manipulate them into investments. Users face difficulties in withdrawing funds due to the company’s stringent conditions. Prolonged presence on the platform only increases the user’s damage.
Final Thoughts
Reviews of SBH Trade Stocks are justified. The company lacks legal protection and a license, posing risks to customers. Transactions on the platform are merely simulated, and financial losses can be significant. It is strongly recommended to avoid cooperation with this organization.
My experience with SBH Trade Stocks has been profoundly disappointing. Despite their promises of first-rate customer service and round-the-clock assistance, their team has been excruciatingly unresponsive and unhelpful. Several of my inquiries regarding effectively navigating their complex investment platform have gone unanswered. Additionally, the company’s lust to upsell customers on expensive packages with hidden fees is unmatched. Their pricing structure is not transparent and is riddled with unexpected costs. This has struck a blow to my trust in their service. Furthermore, their trade execution speeds have been achingly slow, affecting my trading profits adversely. I am now looking elsewhere for my investment needs.