If scammers believe that rebranding will restore their reputation and clients will once again rush to invest their money with them, they are gravely mistaken. In this SBGlobal review, we will examine a brokerage company that was previously known as StoneBridge Ventures but decided to change its name because the old brand became entangled in exposés, reviews, and a negative reputation. Why shouldn’t you trust this platform? What scam indicators does it possess, and what is wrong with it overall?
Brief Overview
- 🖥Official Website: sb-global.net
- ✈️Contact Address: St. Vincent and Grenadines
- 📞Customer Support: [email protected], [email protected], +44 8081 753 962
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2023
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $200, 1:400
- 💰Additional Services: market reviews, VIP program, financial plan, dedicated analyst
Sb-global.net Examination
The official website has nothing remarkable about it. SBGlobal constantly uses clichéd phrases meant to motivate the user to deposit funds, such as “Never miss a trade opportunity”, “Trade everywhere”, “Unlock your potential”, “Maximize your returns”, and so on. Such phrases and expressions should make visitors feel nauseous.
As usual, at the top of the page, there’s a panel with all the terms, features, and information about the company. And as usual, there is very little necessary and useful information about who this broker is, when it was founded, where it is registered, what licenses have been obtained, whether it has offices, and what its business model is. This is yet another firm that has filled its official website with unnecessary text, but either forgot or deliberately chose not to highlight the most important details.
At the bottom, you can see a standard risk warning and some legal documents, which are presented as screenshots of text — these cannot be highlighted or searched using a quick word search option. Obviously, the documents were simply copied from somewhere else. The SBGlobal website is only available in English, even though the firm claims to be “trusted worldwide”.
Company Contacts
Users have limited options for contacting the company’s managers. These include two email addresses and a phone number, which is British. However, for some reason, the address in the UK is not provided. SBGlobal does not list any office or legal registration address. It’s also important to highlight the absence of an online chat feature, which is one of the most popular and effective communication methods. Additionally, the firm does not have social media accounts where one could contact representatives or draw attention to the platform.
Key Conditions
SBGlobal’s trading conditions are certainly not their main advantage. First, this brokerage company, like many scammers, uses a common approach where traders are offered a range of account types, with each subsequent account offering better conditions but requiring a higher minimum deposit. Second, there’s a high starting deposit without the option to try out a demo account. The firm has set the minimum threshold at $200, which is a relatively large amount of money. To test how the platform works and how orders are executed, you have to deposit real money, as there is no demo account available.
Additionally, the spreads here are very high — starting from 1%. On the second and third types of accounts, they are lower, from 0.75% and 0.35%, but that is still quite a lot. Therefore, it can be confidently stated that trading here is unprofitable because all the trader’s profits will just cover the expenses.
The leverage is flexible and also depends on the account type, ranging from 1:30 to 1:400. It’s worth noting that 1:400 is available to users with a minimum balance of $100,000, but why would they need such high leverage? The answer is — to drain the deposit faster. The creators of this fraudulent platform are well aware that the higher the leverage, the greater the risks. Moreover, SBGlobal only allows trading in CFDs, and this type of instrument is easily manipulated because the market is artificial, with no access to real liquidity.
Exposing SBGlobal
The broker has nothing good, safe, or profitable to boast about. Moreover, as mentioned earlier, the company reveals nothing about itself. Such secretive behavior cannot be ignored; it is the most serious red flag. Any firm that operates honestly, seriously, diligently, and legally will certainly disclose its legal address, state its founding date, provide a history of its development, and show its registration and license numbers. However, this information is simply absent here, although some details were still found.
In the user agreement, for example, the jurisdiction of Saint Vincent and the Grenadines is mentioned, allegedly stating that the relationship between the parties entering into the service agreement is governed by the laws of Saint Vincent and the Grenadines.
However, there is no registration number with the SVGFSA, but it is possible to verify whether this is true or not. SBGlobal and StoneBridge Ventures — both firms are absent from the SVGFSA registry, which means there is no such organization. The scammers forgot to change the jurisdiction when copying the user agreement.
The absence of a legal address and any mention of licenses indicates illegal activity. SBGlobal operates unlawfully while claiming to have a turnover of $57 billion and more than 134,000 clients. How is that possible? It isn’t — this information is fake.
Even looking at the company’s period of existence, it can be confidently said that the statistics provided on the homepage of its website are simply fake. How can you determine when the firm began operating if the founding date is not indicated and there is no information about the legal entity? It’s simple: by the domain registration date. Currently, the scammers operate on the sb-global.net domain, which was registered in May 2024. However, they previously used the website stonebridgeventures.com, which is now unavailable. It was registered in 2018 but was up for sale until 2023, and it was precisely in May 2023 that it was purchased by fraudsters. So, SBGlobal has been operating for just over a year, which is not a serious timeframe.
What Reviews Do Users Leave?
There are hardly any specific reviews about SBGlobal because the new name is very recent, and no one knows about it yet. Online, you can find information about other organizations with similar names. However, you can find some comments and reviews about StoneBridge Ventures. There are a few, but the majority are negative and revealing. The actual number of clients is far less than the claimed 137,000 traders, and all of them have fallen victim to this company, as withdrawing money is impossible. There are also some positive reviews, but they are few, and it’s clear that they are paid and therefore fake.
Conclusions
SBGlobal is trying to scam people out of their money. The scammers have changed the domain and the name, but this won’t help them. The company operates without licenses, has no legal address, and its trading conditions are absolutely unsuitable for serious trading — they are worse than those offered by most other forex brokers. Therefore, this platform cannot be trusted.
Pros/Cons
- Partnership program.
- No license.
- Short operating history.
- Few reviews online.
- No registration address on the website.
This dishonest brokerage company has been ignoring my withdrawal requests for more than a month. It so happened that I trusted sbglobal, and they turned out to be scammers who do not want to return my money. Now, I don’t know what to do in this situation. The scammers stole $7,500 from me, and what should I do now? Is there somewhere I can file a complaint? Their platform turned out to be fake and fraudulent. I deeply regret investing money here. I should have chosen another broker, but at that time, I was a complete beginner, so I didn’t even think I could be deceived like this.