What SBS-LB forex broker offers: tariff plans overview and client reviews
Creating Unique Scams: A Review of “SBS-LB”
Relentless Ukrainian scammers systematically develop and implement various schemes that are built on the same principle. SBS-LB is a new product by cunning con artists skillfully mimicking the activities of brokers and fleecing the last pennies from gullible Russian-speaking traders.
They offer fabricated guarantees and fake documents created hastily in a graphics editor. Numerous reviews of “SBS-LB” testify to the disappointment of experienced investors entangled in dubious deals. Today, we will reveal the issues associated with collaborating with the fraudsters behind sbs-lb.com.
Analysis of the “SBS-LB” Website
Judging by the appearance of the resource, scammers adhere to the principle of “don’t fix what ain’t broken.” The design of the SBS-LB website resembles many other online platforms that gradually phase out due to an abundance of negative feedback.
SBS-LB, Idea-Me Global, Trust Meridan, LHK Group, Conventus Group — all part of the same family of pseudo-brokers created by a Ukrainian gang of fraudsters.
The statistics rolling over from one platform to another, a flimsy backstory, and a standard package of documents—all part of the lazy nature of these swindlers.
Does this ring a bell to you?
An examination revealed that a maximum of 60 people visit the scam project’s website daily. Quite dismal for a company supposedly enjoying great popularity and an extensive client base, isn’t it?
Details about the Company: Overview of Key Information
The scammers proudly announce that they have been in the market for over 4 years, with more than 370,000 satisfied investors conducting around 4 million transactions a day. Impressive, right?
Do not rush to entrust your finances to fraudsters, as statistics are just empty words. The actual age of the company is 4 months. The liars simply acquired a domain with a false history and adapted the platform to their goals. This explains the appearance of reviews about an experienced broker only in 2020.
According to their claims, in 2019, SBS-LB received the prestigious award ‘Best Broker CIS’. Why then is there no mention of the award? Perhaps this award only exists on paper?
Even in the backup part of the website, chaos reigns. It is stated that the operation is monitored by the Cyprus Securities and Exchange Commission (No. 121/17). There is no mention of SBS-LB on the regulator’s website. Furthermore, a 1:500 leverage does not meet the requirements of the central authority. Obviously, the scammers believe that many licenses will convince their victims of their honest intentions.
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Conclusion of the SBS-LB Review
The company SBS-LB targets newcomers who dream of big earnings. Experienced fraudsters have a significant influence on the weak minds of trusting investors, instilling illusions of the company’s power.
If you want to avoid financial losses, heed real user reviews and steer clear of the company “SBS-LB”!
I am highly dissatisfied with the service of the SBS-LB forex broker as their tariff plans are confusing and the negative client reviews highlight a lack of professionalism and transparency.