BBNext Review: Bbnextlimited.com Unregulated Platform

BBNext is a company that might appeal to a genuine entity. They are trading both forex and cryptocurrency assets. The venture also claims it has over 1000 products allowing clients to diversify their portfolio. However, this entity cannot compete with the leading forex trading schemes. 

This is because the firm lacks transparency. Additionally, the broker is not offering fund safety to investors. The firm allegedly has been in the market since 2016. They have nothing to show since the entity fails to provide trading results.

Moreover, BBNext does not have ideal features. Investing with them will only expose you to severe risks. Other available assets include; stocks, index, commodities, and metals. One of the key features the entity brag about is utilizing innovative measures. They can also generate high outcomes because they partner with reputable financial institutions. 

The company does not see the need to disclose the organization. Our main concern is the broker runs its business from Saint Vincent and the Grenadines. The area is infamous for all the wrong reasons. We believe this entity will be out of the market soon without notice. 

Bbnextlimited.com Review

BBNext does not accept clients from Syria, Cuba, Canada, the United States, Iran, Iraq, Switzerland, Sudan, Latvia, and Belgium. Citizens from all other countries are welcome to join them. There are many areas with strict jurisdiction for investment entities. The platform violates the set rules, and this is unethical.

The firm brags it is working with over 50 analysts.  Nonetheless, the broker fails to credit the team. We, therefore, do not know their educational background or history of trading. You may end up entrusting your hard-earned money to incompetent individuals. 

BBNext falsely claims it is a legitimate broker fully regulated. Unfortunately, this is a misleading statement. The scheme does not comply with the financial bodies’ requirements. 

Fund safety is not something you should expect from the venture. The platform is not working with a top tier 1 bank to segregate the account of clients from theirs. Customers can end up depositing money directly into the pockets of the fraudsters, which is impossible to recover funds.

Why not try out these reputable and trustworthy forex trading ventures. They have licenses from famous financial bodies. Moreover, the trading conditions are excellent. The safety of your money is guaranteed. You can also keep watch of your account and withdraw money whenever it suits you. 

Trading Conditions of BBNext

The entity has three trading accounts. They fail to indicate the minimum amount clients can deposit. For the other accounts, the amount ranges from $1000 to $5000. Several genuine firms accept from $10 to $250. Despite promising investors numerous currencies, there are only a limited number of products.

BBNext advertises leverage of 1:500. The limit is beyond what various financial bodies authorize. High leverage opens an opportunity for higher returns. However, traders should note this is a double-edged sword. Hence, the losses could also be significant. We recommend sticking to low leverage to avoid experiencing huge losses if you are starting.

The spread for the standard account is 1.7 pips. The advanced accounts allegedly have a spread of zero pips. The broker has a fixed commission ranging from $6 to $5 per lot. The trading conditions of the entity are unfavorable. Moreover, there is no guarantee of receiving the advertised profits. 

Withdrawal and Deposits 

BBNext is accepting funds via digital currencies. You cannot issue a chargeback from the entity. If you are trying out a new company, choose the one that accepts credit and debit cards. At least you can issue a chargeback from up to 540 days. 

 

The entity does not reveal if it has an application fee for withdrawal and deposits. However, they are not being regulated raises suspicion. The least amount one can cash out is $5000, which is way above the standard amount. 

Legitimate firms will allow customers to cash out any amount without enforcing restrictions. Moreover, we have yet to see anyone who has earned using this entity. Watch out and avoid dealing with outrageous firms.

Customer Support and Contact Details

BBNext claims it has over 27 offices in the globe. Their support team operates 24 hours in 5 days of the week. They urge investors not to shy away from reaching out whenever they need help. There are two options to contact the broker. One of them is via filling in the contact form, while the other is to send an email.

We did not find a single office address or a phone number. The company is determined to remain anonymous. We highly doubt the entity is offering professional services. You are better off without them. What actually happens is that their sales rep will be in communication with you once you register. 

They will promise a one-time profitable opportunity. Considering these are tactical scammers, you will fall for their narrative. A huge amount of returns will be visible on your dashboard. If you request for a withdrawal, that is when you will face the music. The same friendly and sweet-talking sales rep will harass you and even abuse you.

Some even go the extra mile of blacklisting your account. Invest with entities that understand the importance of having a sound customer support team.  They will respond in time and help you grow your account. 

Regulatory Status of BBNext

BBNext does not have a license. This means nobody oversees the operation of the broker. The company also doesn’t report its daily transactional report to anyone. They can close down the website unceremoniously without being accountable. Moreover, customers will not receive compensation. 

The founder of the company goes against the law. They choose a location that does not have a financial regulator. Furthermore, the scheme does not have working capital. Therefore, we do not know whether it can survive the volatility. Not all offshore schemes are fraudulent. Some choose these locations to offer competitive services to investors. 

BBNext also does not offer negative account balance protection. The entity is at risk of facing insolvency. Sadly, you won’t receive a penny from them once this happens. The broker can also change its terms and conditions without giving notice to traders. 

Clients Reviews of BBNext

BBNext claims it is a genuine firm. However, they are only targeting funds from naive traders. If you join them with the hope of being a successful trader, you can only expect disappointment. Nobody endorses the services of the company. Moreover, we have yet to see anyone who has successfully cashed out from the website. 

You are better off without the scheme. Until the firm acquires a license or avail trading results, you should refrain from doing any transaction with them. The safety of your money should be your main objective. 

Final Verdict 

BBNext is an illegitimate company. The entity is targeting investors with little to no knowledge of trading. The broker is operating from SVG. They do not have a sound team, and it is almost impossible to get hold of their customer support. 

Instead of dealing with a doomed broker you can try out these trustworthy and tested forex trading firms. You will sleep sound knowing the safety of your money is taken care of. The trading conditions are ideal. They also have trading results. 

Does BBNext has a license?

No, the company does not have a license.

Is the customer Support of BBNext Sound?

Unfortunately, the entity does not have enough funds to hire a professional team.

Are the trading conditions of BBNext ideal?

No, the broker is exposing traders to risk.