Suspicious Active Actions of New Scams
To avoid colliding with a series of negative reviews, fraudsters often change their appearance and release new fake brokers. Astute users easily recognize scammers, as they quickly create websites for free and leave banal mistakes and inconsistencies in the legend in some places. Now we will talk about a fresh scam — SJB Capital Limited. This company aims to gain the trust of future victims, assuming that newcomers usually lack financial and legal literacy.
Interesting Facts about SJB Capital Limited: What’s the Catch?
SJB Capital Limited promises to help extract maximum benefit from market movements and use highly profitable strategies. According to legends, this fake broker started operating successfully since 2010 and presented itself as an intermediary with impeccable reputation, advanced and technological approach.
The company claims that thousands of traders work closely with it. However, there are no reviews about SJB Capital Limited on the Internet. The reason for this was revealed in a check conducted through the specialized whois service. It turned out that the sjb-capital.info website started operating on January 24, 2023.
This is a new project, hastily made. Criminals even forgot to change some details in various instances. For example, in the Russian version of the offer agreement, it says that the contract is with SJB Capital Limited, while in the English version (on the same page) it already shows the name GBF Trade. The registration data also differ significantly.
It is worth noting that GBF Trade is a fake broker that has received a lot of negative reviews. Users complain about financial manipulations, extortion, and withdrawal of deposits. The platform of this fake broker is already blocked in Russia. Obviously, the scammers decided to relaunch their fraudulent project and operate under a new flag to avoid a flow of negative reviews.
Detailed Check of Legal Data
SJB Capital Limited promises to operate within the legal field, but does not bother to provide scanned copies of the documents (implementation certificate and license). However, at the bottom of the main page, we found a legal address in the UK and a registration certificate number. The Companies House registry is publicly available, so we were able to check the data in just 5 minutes.
The company SJB Capital Limited has been officially registered since 2010, with implementation certificate number 07370404. However, this firm has another website — Sjbgrowthcapital.com.
In addition, SJB Capital Limited does not have a license from the UK regulator FCA. Without approval from the supervisory authority, the ragtag company has no legal right to provide brokerage services. It operates arbitrarily and does not bear financial responsibility for the consequences.
Regarding operations in the Russian-speaking sector, the company operates illegally here as well. SJB Capital Limited has not received permission from the Central Bank of Russia, the National Bank of Belarus, and the Agency of the Republic of Kazakhstan for Development and Regulation of Financial Markets. And the predecessor GBF Trade is already blacklisted by the Bank of Russia. The country’s main regulator warns traders about fraud.
Commercial Proposal
SJB Capital Limited promises easy access to trading currency pairs Forex, cryptocurrencies, indices, commodities, stocks, investment portfolios. There is no demo account, so potential clients will have to deposit money immediately after opening an account.
There are four pricing plans, which differ as follows:
- entry threshold — from $1,000 to $50,000,
- minimum trade volume – from 0.1 lot,
- online chat for support,
- depending on the deposit amount, additional features such as SMS signals, VIP manager services, special promotions, personal phone line, individual stock market reports, and more are offered.
Information on the difference between buying and selling, credit, and position rollover is missing. Traders will learn about these conditions only after registration and selection of a pricing plan. We did not find reviews confirming the ability to earn and withdraw profits from the platform. However, considering that SJB Capital Limited is run by the same people as GBF Trade, it will not even be possible to withdraw personal funds from the platform.
User Opinions on the Platform
SJB Capital Limited has not yet collected reviews, providing scammers with unlimited opportunities to persuade and gain the trust of users. But pay attention to what is written about its predecessor. It is not difficult for us to assume that similar reviews will soon appear about our reviewed company.
Leave your reviews under this article if you want to share important facts or your experience with this fake broker. Do a good deed by warning others about the risk.
How Does the Deception Mechanism Work?
After registration, newcomers are offered to take advantage of mentorship services. According to the legend, this mentor is a specialist who will teach and support profitable trades. In reality, the scammers only feed traders with lies and persuade them to replenish their accounts repeatedly.
Once a large sum accumulates in the balance, scammers will start convincing of the need to download and install a remote access program. Thanks to such a program, they can withdraw the entire deposit by themselves, accessing the user’s cabinet. Justifying the loss of money as a technical error, they will refuse to take responsibility for it.
Conclusions of Comprehensive Analysis
With SJB Capital Limited, you risk losing your savings. This deceptive project is from well-known scammers. The fake broker seizes others’ funds deceitfully and acts against international legislation.
SJB Capital Limited in 2023 provided consistent communication and a variety of options for investment, although some clients reported a delayed response time to queries.