Overview of SBS LB
SBS LB is a company specializing in online trading services and providing dedicated software for trading purposes.
Although claiming to have been in operation since 2017, the company’s official registration certificate is not publicly available. While asserting possession of licenses from regulatory bodies in Cyprus and Mauritius, the website does not provide license certificates for verification.
For inquiries, the company lists a legal address in Cyprus, contact number: +(357) 22 770022, and email support. Users have the option to request a callback for assistance.
Trading Options and Platforms Offered by SBS LB
The company offers a diverse range of trading instruments, including:
- Forex market currency pairs,
- Commodities like oil and gas,
- Stocks,
- Indices,
- Precious metals, and
- Cryptocurrencies.
Access to these assets varies based on the type of trading account held, with certain assets exclusive to specific account types.
Account Types Available on SBS LB
SBS LB presents a comparative table on their official website detailing three account types differentiated by investment levels and associated services:
- STANDARD: Requires a minimum deposit of 150 USD, with a conservative risk profile allowing leverage up to 1:20. Some trading instruments may have restricted access.
- PRO: A minimum balance of 1000 dollars is necessary for this account, offering trading options for precious metals and cryptocurrencies. Leverage up to 1:100 is available, with an Islamic account variant as an option.
- ELITE: Positioned as the premium account, requiring a minimum deposit of 10000 USD. Providing leverage up to 1:500, users are allocated a personal account manager. The account promises a deposit insurance feature, although specifics are not clearly outlined.
Deposits and Withdrawals on SBS LB
While the primary currency for transactions is the US dollar, it is noteworthy for a Cyprus-registered broker. A minimum deposit of 150 dollars is stipulated for account funding.
Information regarding financial transactions on the platform is limited. Notably absent are dedicated sections for deposit and withdrawal methods or logos of supported payment systems, with detailed instructions accessible only to registered users.
Vital details, such as policies on currency conversion without client notification and withdrawal constraints subsequent to deposits, are outlined in the user agreement. Caution is advised when engaging with this brokerage firm.
This review has been prepared by the specialists at ExpertsReview.