Brief information about SBS LB
The company specializes in providing online trading and offers software for this purpose.
Officially claimed to have been operating since 2017, although no registration certificate has been found. There are claims of having licenses from the regulators of Cyprus and Mauritius, but license certificates are not provided on the website.
The contact page lists a Cypriot legal address, phone: + (357) 22 770022, and email. Users can request a call back.
Trading instruments and platforms of SBS LB
Trading a wide range of assets is provided:
- currency pairs in the Forex market,
- oil, gas,
- stocks,
- indices,
- precious metals,
- cryptocurrencies.
Access to assets depends on the account level. Some assets are only available on certain types of accounts.
Types of trading accounts on Sbs-lb.com
A comparative table with descriptions of three types of accounts is presented on the official website. The differences between them are determined by the level of investments and services provided.
- STANDART: Minimum deposit – 150 USD. Assumes a minimum risk level when using leverage up to 1:20. Some trading instruments may be unavailable.
- PRO: Requires a balance of 1000 dollars. Offers the opportunity to trade precious metals and cryptocurrencies. Leverage up to 1:100. The user can choose an option with Islamic conditions.
- ELITE: The most prestigious account with a minimum deposit of 10000 USD. Leverage 1:500. The user is assigned a personal manager. A deposit insurance system is promised, but details are not clarified.
Account funding and withdrawal on SBS LB
The main currency is the US dollar, which may seem unusual for a broker registered in Cyprus. The minimum deposit is 150 dollars.
Information on financial operations on the website is limited. There is no section with deposit and withdrawal methods, as well as no logos of payment systems. Details are only available to registered users.
Important information can be found in the user agreement, such as conditions for transferring funds to other currencies without notifying the client and restrictions on withdrawals after making deposits. Be careful when dealing with the broker.
Rainer
SBS LB is a competent broker that provides satisfactory service, although it may not stand out in any particular area.