SBK Trade
Company Overview: SBK Trade
SBK Trade is a globally recognized brokerage firm that offers a gateway to financial markets for countless traders around the world. While catering to an international clientele, the company’s website is currently accessible only in Russian, lacking multilingual support.
Registration and Compliance
Registered in the United Kingdom, SBK Trade adheres to the regulatory frameworks of 15 different jurisdictions. However, the company does not furnish official documentation validating its registration in various countries. SBK Trade asserts its collaboration with the International Organization of Securities Commissions IOSCO, yet fails to present a copy of the license. The website features permissions from offshore regulatory bodies in Belize and Vanuatu.
Trading Tools and Platforms
SBK Trade does not disclose details regarding the trading platform it utilizes. The brokerage facilitates trading across 8 categories of assets, encompassing currency pairs, futures, indices, and securities, offering a diverse selection of over 12,000 financial instruments.
Account Options
At present, SBK Trade does not exhibit pre-defined trading account options on its platform, and specifics such as minimum deposit amounts and accepted currencies are undisclosed. The service terms include a minimum trade size of 0.1 lot and a maximum leverage of 1:40.
Deposits and Withdrawals
SBK Trade provides a seamless withdrawal process devoid of any commissions on the day of the request. However, the brokerage does not specify the payment services available, and the terms governing profit and deposit withdrawals remain ambiguous.
Final Thoughts
Although SBK Trade positions itself as a frontrunner in the forex industry, it falls short in furnishing comprehensive details regarding its registration, licensing, and trading conditions. Clients are encouraged to reach out to customer support for additional clarifications and insights.
This review has been prepared by the specialists at ExpertsReview.