BSB Global is a forex broker that is supposedly licensed by the authorities of Saint Vincent and The Grenadines. In the review below, we take an in-depth look at the features bsb-global.io allegedly offers. This review basically answer the questions: is BSB Global legit? Is BSB Global good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about BSB Global forex broker.
Table of Contents
BSBGlobal Trading Platform
This broker has contradictory information m their leverage type, at first they claim it is capped at 1:20 then capped at 1:200.
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They don’t use the MT4 or MT5 trading platform.
BSBGlobal Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.
After checking, we discovered that this broker has
BSBGlobal Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
Credit cards and bank transfers.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is BSB Global Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
This broker claims to be in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body. The government of the SVG has stated in the past it does not regulate any form of forex trading.
No, this broker is not a licensed brokerage.
While SVG has no regulatory body, recently the government of Saint Vincent and the Grenadines has claimed that it is planning a complete reformation of the nation’s FX and CFD regulatory grounds. We don’t know when they will do this, but we are expecting SVG to pick up the slack and begin enforcing a set of rules to its broker’s firms, which for now are mostly SCAMMERS.
To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others.
This broker is unregulated, we have seen an up spike in unlicensed brokers, one of the recent ones we reviewed is Brokermasters
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Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, they do not impress us with the vague information they have provided.
In conclusion, we would not advise or recommend you to trade with bsb-global.io , as they don’t give any valid information concerning if they are a regulated broker, Leading us to the conclusion that they are not.
Trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.
it is a scam i lost 250 dolars they call u deposiy money and then they dont answer the phone. when u want to retreat stay in pending and no one answer to the phone.
Bsb global so sami prevaranti,želijo da vložiš vedno več, oblubjajo dobiček,ko pa hočeš kaj nazaj jih pa ni več,goljufi in lažnivci. Ne vlagajte nič pri njih ker boste izgubili denar!
I invested $ 250 in bsb global, in the week it was $ 470. Kim called me if I was satisfied, she wanted me to invest another $ 100 so that I would have $ 1200 in a few days. I didn’t want that, but I wanted to raise money. This is where the problems start because they don’t want to pay. Two months later Edward called me to help me get my money through anydesk he connected to my computer and took € 900 from my bank account with a promise to pay me back $ 4600. his promises.You can’t call them on the phone and the email address doesn’t accept messages.A few months later Lewis called me to help me get back what Edward had taken who was supposed to be fired. However, his promises were also lies, he took € 2,200 from another account. There was already $ 14,000 in the bsb global account, to get it I would have to pay $ 3,444 in tax to the FCA account which was fake. The broker changed the password for my account at bsb global and withdrew $ 10,914 from it without my will. He doesn’t even want to pay me my money, he wants me to pay tax first, but I don’t want to because I know it’s a scam. Do not do business with them as the fraudsters themselves are their only goal is to take your money, do not allow them to connect to your computer via AnyDesk. They really are professionals at scams and lies, so stay away from them!