Investing in the financial market can be a great way to grow your wealth, but it’s important to choose a reliable broker. Unfortunately, some brokers are not trustworthy, and SBQ.center is one of them. This article will provide a detailed review of SBQ.center and why you should avoid dealing with them.
Company Overview
SBQ.center is a trading platform that offers forex, cryptocurrency, stocks, and commodities trading.
Broker Name | SBQ (Smart Balance Quantization) |
Location | Not specified |
Regulation | Not regulated |
License | Not licensed under any mother organization |
Warning | Multiple |
Team
Their website is very vague, and there is not much information available about the team behind SBQ.center. Whatever option you click on their website, they will say, “Connect the wallet first.”
Services and Trading Platforms
We cannot say anything about their trading platform. All of their options are inactive and they only show one message when we click any of them: “Please connect your wallet first.” It is clear that they are scammers stealing people’s wallet information when they connect with this platform.
License and Regulations
License Status
One of the most significant concerns with SBQ.center is its lack of regulation. They don’t provide any physical location address. No license information from any of the authorities or organizations.
Regulation Status
Running this kind of trading platform requires several regulations, confirmations, and authorization. But, when we tried to find the regulation confirmation from any of the regulatory websites, we don’t find any of them. It is clear that they are not regulated and licensed.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers like SBQ.center is very risky. Unregulated brokers are not required to follow any rules or regulations, which means they can engage in unethical practices without facing any consequences. Unlicensed brokers can manipulate prices, withhold client funds, and engage in other fraudulent activities that can result in significant financial losses.
Legal Warnings Against SBQ.center
The British Financial Conduct Authority (FCA) has issued a warning against SBQ.center. The FCA is a reputable regulatory body that is known for its strict regulations and high standards. The FCA warning indicates that SBQ.center is not authorized to provide financial services in the UK.
Client Feedback About SBQ.center
We conducted thorough research on SBQ.center, and we found that the majority of client feedback is negative.
About Trading
Clients have reported issues with withdrawals, trading execution, and customer service. Some clients have also reported that their accounts were closed without explanation, and they were unable to access their funds.
About Customer Service
Many traders complained about this broker’s customer service department. They mentioned that they are very poor in giving their service, not responsive, and not very polite especially in regard to withdrawal issues.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by SBQ.center or any other unlicensed broker, FXfarmupdate can help you. FXfarmupdate is a platform that provides legal assistance to victims of financial scams. When you submit your case through our website form, we will evaluate your case and will give you a free consultation. There we will provide you with some recovery service recommendations that will help you in recovering your lost fund.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Final Thought
It is clear that SBQ.center is an unlicensed broker that poses significant risks to investors. They are not regulated by any reputable authority and have a history of negative client feedback. We strongly advise against dealing with SBQ.center or any other unlicensed broker. Instead, we recommend choosing a licensed and regulated broker that has a proven track record of providing quality services and protecting client funds.
