Rating Index
Pros
Broad financial services: SBS offers a wide range of financial services, including investment banking, wealth management, and asset management, providing convenience for investors seeking comprehensive solutions.
Expert-managed cedears account: The cedears managed account allows investors to benefit from professional management of their portfolios, which can be appealing for those lacking the time or expertise to manage investments themselves.
User-friendly quicktrade platform: The quicktrade platform is designed to be accessible and easy to navigate, catering to investors of all experience levels.
Cons
Lack of regulatory oversight: SBS operates without clear regulatory licenses, raising concerns about the safety and security of client funds due to the absence of regulatory protection.
Limited public information: There is a lack of transparency regarding minimum deposits, leverage options, and fees, making it challenging for potential investors to fully assess the costs and terms of investing with SBS.
Limited customer support options: Customer service is primarily available via phone and email, which may not meet the preferences of investors who favor live chat or more immediate online support.
SBS broker Accounts
SBS Account Type
SBS offers a special account type known as the Cedears Managed Account through their trading platform, QuickTrade. This account allows investors to hold a portfolio of Cedears, which represent shares of foreign companies listed on the Argentinian exchange. The Cedears Managed Account is similar to a mutual fund, where a team of SBS professionals manages the buying and selling of these Cedears, aiming to outperform the S&P 500 and generate returns in US dollars. This account provides security through expert management, regular reports for transparency, and flexibility to add funds at any time.
SBS Broker Account Opening Process
Opening an account with SBS through the QuickTrade platform involves the following steps:
- Download the QuickTrade App:
- Visit your app store and search for "QuickTrade." Download and install the application.
- Initiate the Account Opening Process:
- Open the SBS QuickTrade app and navigate to the section dedicated to new account applications. Follow the on-screen prompts to create a login profile and provide your personal information.
- Account Activation:
- Upon successful verification and funding, SBS will activate your account. You will receive login credentials for the QuickTrade app to access and manage your investments.
For more information, you can visit the SBS website at grupo sbs.com.
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