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 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.
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.
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.
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.
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.
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.
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.
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.
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
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
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