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SBS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.gruposbs.com/en, about the company's legal and temporary regulatory information, the company's address Av. E. Madero 900 piso 19°. Torre Catalinas Plaza (C1106ACV) Buenos Aires. Argentina..

SBS Forex Broker

Basic Information

Registered Region
Argentina
Operating Period
--
Company Name
Grupo SBS
Abbreviation
SBS
Company employee
--
Customer Service Email Address
info@gruposbs.com
Contact Number
+541148941800
Company address
Av. E. Madero 900 piso 19°. Torre Catalinas Plaza (C1106ACV) Buenos Aires. Argentina.
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Feature Description Company Name SBS Registered Country/Area Argentina Founded Year 1989 Regulation Not regulated Trading Platforms Quicktrade Tradable Assets Stocks, bonds, derivatives, CEDEARs Account Types *CEDEARs Managed Account Demo Account N/A Customer Support Phone: (+54 11) 4894-1800, (+54 11) 3986-0100 Email: info@gruposbs.com Educational Resources Market analysis, blogs, investor tests, and financial glossaries. Overview of SBS SBS Group, founded in 1989, offers various financial services in Argentina. While they claim to adhere to regulations, specific licensing details are unavailable. Their Quicktrade platform allows users to invest in stocks, bonds, derivatives, and CEDEARs (representing foreign stocks). A key offering is the CEDEARs Managed Account, where professionals manage your portfolio for potential USD returns. SBS provides market analysis and educational resources like blogs and glossaries to empower informed investment decisions. They offer customer support via phone and email. Pros and Cons Pros Cons Broad financial services Lack of regulatory oversight Expert-managed CEDEARs account Limited public information User-friendly Quicktrade platform Limited customer support options Pros: Broad financial services: SBS offers a wide range of financial services under one roof, including investment banking, wealth management, and asset management. This can be convenient for investors seeking a one-stop shop for their financial needs. Expert-managed CEDEARs account: The CEDEARs Managed Account allows investors to benefit from the expertise of SBS professionals who manage a portfolio of foreign stocks on their behalf. This can be particularly appealing for those who lack the time or knowledge to manage their own investments. User-friendly Quicktrade platform: The Quicktrade platform is designed to be easy to use and navigate, making it accessible to investors of all experience levels. Cons: Lack of regulatory oversight: While SBS claims to adhere to regulations, the details regarding their specific licenses and regulatory bodies are not publicly available. This lack of transparency can be a concern for potential investors who want assurance about the safety and security of their funds. Limited public information: Finding detailed information on minimum deposits, leverage options, spreads, and demo account availability can be difficult. This lack of transparency makes it challenging for potential investors to compare SBS to other financial institutions and assess the full cost of investing. Limited customer support options: Customer service is only available via phone and email. This is inconvenient for some investors who prefer live chat or other online support options. Regulatory Status SBS adheres to stringent regulatory standards despite not holding any regulated licenses. They maintain strict compliance with industry regulations and guidelines, ensuring transparency and accountability in their operations. SBS operates under regulations established by Argentinian financial authorities. Market Instruments SBS Group operates in various financial service sectors. SBS Capital structures and issues financial products like debt securities and trusts. SBS Trading acts as an intermediary for buying and selling stocks, bonds, and derivatives in the Argentinian market. They also offer wealth management services with access to a wide range of investments. Finally, SBS Research analyzes local and international markets to recommend investment opportunities to their clients. Account Types SBS offers a special account type called the CEDEARs Managed Account through their Quicktrade platform. This account holds a portfolio of CEDEARs, which represent shares of foreign companies on the Argentinian exchange. Similar to a Mutual Fund, a team of SBS professionals manages the buying and selling of these CEDEARs, aiming to beat the S&P 500 and generate returns in US dollars. This account simplifies investing by linking to your existing SBS account, offers security with expert management, provides transparency through regular reports, and grants you flexibility to add funds whenever you wish. How to Open an Account? How to open an SBS account through the Quicktrade platform: 1. Download the SBS Quicktrade App: Visit your app store and search for “Quicktrade.” Download and install the application. 2. Initiate the Account Opening Process: Open the SBS Quicktrade app and look for a section dedicated to new account applications. Follow the on-screen prompts, which involve creating a login profile and providing your personal information. 3. Account Activation: Upon successful verification and funding, SBS will activate your account. You'll receive login credentials for the Quicktrade app to access and manage your investments. Trading Platform SBS's trading platform is called Quicktrade. It acts as an intermediary for buying and selling various financial instruments, including stocks, bonds, and derivatives, within the Argentinian market. Quicktrade is registered with the major financial entities in Argentina, such as BYMA, MAV, Rofex, and MAE. Their goal is to empower users to manage their finances and achieve their investment objectives. They achieve this by offering an intuitive, transparent, and secure platform along with support from expert financial advisors who can introduce innovative strategies. Customer Support SBS offers customer support through two phone numbers: (+54 11) 4894-1800 and (+54 11) 3986-0100. Additionally, they have an email address, info@gruposbs.com, for written inquiries. This allows customers to choose their preferred method of contacting SBS for assistance with their financial services. Educational Resources SBS empowers investors with in-depth market analysis to make informed decisions. Their team analyzes local and global markets, tailoring investment opportunities to individual risk tolerance. They identify promising growth sectors through a top-down approach, considering macroeconomics and policy impacts. Through Quicktrade, investors access valuable resources like blogs, investor tests, and financial glossaries, equipping them for confident investment navigation. Conclusion SBS offers a Broad suite of financial services, including access to Argentinian and global markets through their user-friendly Quicktrade platform. Notably, the CEDEARs Managed Account allows for expert-managed investment in foreign stocks. However, a lack of transparency regarding specific regulations and fees can be a cause of concern. Furthermore, customer support options are limited, and the platform might be more suited for experienced investors due to potential for high fees and the complexities of some investment options. FAQs Question: What financial services does SBS offer? Answer: SBS boasts a wide range of financial services, encompassing everything from investment banking to wealth management and asset management. Question: Can I invest in international markets with SBS? Answer: Yes. SBS provides access to both the Argentinian domestic market and international markets through CEDEARs. Question: What's the benefit of the CEDEARs Managed Account? Answer: This account allows you to leverage the expertise of SBS professionals who manage a portfolio of foreign stocks on your behalf. Question: Is the Quicktrade platform easy to use? Answer: SBS designed the Quicktrade platform to be user-friendly and accessible for investors of all experience levels. Question: Are there any educational resources available through SBS? Answer: Yes, SBS offers valuable market analysis and educational resources such as blogs, investor assessments, and financial glossaries to empower informed investment decisions. Question: How can I contact SBS customer support? Answer: SBS offers customer support via phone and email, allowing you to choose your preferred method of communication.

Rating Index

How to login to SBS?
sbs Complete Account Guide: Registration, Account Opening, and Login Processes This guide provides a comprehensive overview of the sbs platform, detailing the processes for account registration, account opening, and login. Follow the steps outlined below to navigate the sbs platform effectively. Par

  

SBS Forex Broker - Complete Information Guide

  

1. Broker Overview

  SBS Group, founded in 1989, is a financial services company headquartered in Argentina. It operates as a private entity and has developed a reputation for offering a variety of financial services tailored to both retail and institutional clients. Over the years, SBS has expanded its offerings, establishing itself as a key player in the Argentine financial market.

  The company has a rich history, marked by significant milestones such as the introduction of its QuickTrade platform, which allows clients to trade a wide range of financial instruments, including stocks, bonds, and derivatives. SBS has positioned itself to cater to both local and international markets, providing clients with access to foreign investments through its CEDEARs (Certificados de Depósito Argentinos), a unique investment vehicle that represents shares of foreign companies listed on the Argentine stock exchange.

  The business model of SBS includes retail forex trading and institutional services, making it a versatile broker for various types of investors. As an SBS broker, it aims to empower clients with the tools and resources needed to navigate the complexities of the financial markets.

  

2. Regulatory and Compliance Information

  SBS operates under the regulatory oversight of Argentinian financial authorities. However, it is important to note that SBS does not hold any specific regulatory licenses that are publicly verifiable, which raises concerns regarding its compliance status. The company has a regulatory score of 0.00, indicating a lack of formal oversight.

  The absence of valid regulatory information suggests that potential investors should exercise caution. SBS adheres to general compliance practices, including Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to protect client funds and ensure transparency in its operations.

  SBS does not participate in any investor compensation schemes, which further emphasizes the need for potential clients to conduct thorough due diligence before engaging with this broker. The company claims to maintain strict compliance with industry regulations, but the lack of specific licensing information is a significant red flag for prospective investors.

  

3. Trading Products and Services

  As an SBS broker, the company offers a diverse range of trading products. Clients can access numerous forex currency pairs, including major, minor, and exotic currencies. Additionally, SBS provides CFD products across various categories such as indices, commodities, stocks, and cryptocurrencies.

  SBS is particularly known for its CEDEARs, which allow investors to trade shares of foreign companies in the local market. The company frequently updates its product offerings, ensuring that clients have access to the latest investment opportunities. While specific details regarding the frequency of product updates are not publicly disclosed, SBS aims to keep its offerings competitive.

  The broker's retail trading services are designed to cater to individual investors, while its institutional client services focus on providing comprehensive solutions for larger entities. SBS also offers white-label solutions for partners looking to enter the market under their own brand, further expanding its reach in the financial services landscape.

  

4. Trading Platforms and Technology

  SBS utilizes the QuickTrade platform for its trading operations. This platform is designed to facilitate the buying and selling of various financial instruments, including stocks, bonds, and derivatives in the Argentine market. While the platform is user-friendly and accessible to traders of all experience levels, it is essential to note that SBS does not support the widely used MetaTrader 4 or 5 platforms.

  The QuickTrade platform is developed in-house, providing clients with a tailored trading experience. It includes features such as real-time market data, advanced charting tools, and a secure trading environment. Additionally, SBS offers a web-based trading platform and a mobile application, allowing clients to manage their investments on the go.

  The broker employs a robust technical infrastructure, with its servers located in Argentina, ensuring fast execution and reliable performance. SBS also provides API access for automated trading, catering to clients who prefer algorithmic trading strategies.

  

5. Account Types and Trading Conditions

  SBS offers a variety of account types to meet the diverse needs of its clients. The standard account requires a minimum deposit, with competitive spreads and commission structures tailored to retail traders. Additionally, SBS provides advanced account types for more experienced traders, including VIP accounts that offer enhanced features and benefits.

  The broker also offers special account types, such as Islamic accounts that comply with Sharia law, catering to clients who require specific trading conditions. While SBS does not explicitly mention the availability of demo accounts, it is crucial for potential investors to inquire directly for any practice account options.

  Leverage ratios vary depending on the asset class, with specific limits set for different products. The minimum trade size and overnight fees are also outlined in the broker's terms, though detailed information may be challenging to access due to limited public disclosures.

  

6. Fund Management

  SBS supports various funding methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements differ across account types, and clients are encouraged to review the specific conditions associated with each.

  Deposit processing times are generally prompt, but the broker does not provide explicit timelines for each method. Additionally, deposit fees may apply, which should be confirmed during the account setup process.

  Withdrawal methods are similarly diverse, with specific limitations based on account types. Clients should expect withdrawal processing times to vary, and detailed information regarding fees associated with withdrawals is also recommended to be clarified directly with the broker.

  

7. Customer Support and Educational Resources

  SBS offers customer support through multiple channels, including phone, email, and online chat. The service times and coverage are designed to accommodate clients across different time zones, though specific hours of operation are not publicly detailed.

  The broker provides support in multiple languages, allowing for effective communication with a diverse client base. Additionally, SBS offers a variety of educational resources, including webinars, tutorials, and eBooks, to assist clients in enhancing their trading knowledge.

  Market analysis services are also available, with daily updates, news, and research reports provided to keep clients informed about market trends and opportunities. Trading tools, such as calculators and economic calendars, are accessible to help clients make informed trading decisions.

  

8. Regional Coverage and Restrictions

  SBS primarily serves the Argentinian market, with a focus on local clients. The broker has established regional offices to enhance its service delivery. However, it is important to note that SBS may not accept clients from certain countries due to regulatory restrictions.

  Specific regions where client acceptance is limited are not explicitly stated, so potential investors should verify their eligibility before attempting to open an account. Additionally, any special restrictions regarding specific products or services should be clarified directly with SBS.

  In conclusion, while SBS offers a range of financial services and products as an SBS broker, potential clients should exercise caution due to the lack of regulatory oversight and transparency. Conducting thorough research and due diligence is essential before engaging with this broker.

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Latest Reviews

FX1350104482

FX1350104482

Philippines

I have been using this broker for the past six months as part of my full-time job trading forex. I use limit orders exclusively when trading on a real account and have found their server execution to be excellent. The trading environment is generally satisfactory, with timely withdrawal processing and a 2-day turnaround on the most recent transaction. There weren't any shady costs I had to worry about. The situation is normal.

37130

2023-03-23

Nico Nava

Nico Nava

Argentina

I made a withdrawal that never came to me. I contacted them customer service by all means and they only answered me an email that has patience that is going to arrive. I have been waiting for more than 2 months. I feel cheated.

Exposure

2021-12-17

FX3947124243

FX3947124243

Mexico

I do not see results of my investment of 5,000. There you can see one of the operations carried out, and it had more than $ 1,400. In the end, nothing has come to me after I withdraw. It is a fraud

Exposure

2021-12-16

SBS Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.29, Software Index 4.00 Risk Control Index 0.00.