Sbscrypto (sbscrypto.com.au) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 52-54 Lime Street London EC3M 2RY United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.sbscrypto.com.au.
Do not use Sbscrypto (sbscrypto.com.au) for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Professional team|Fast deposits|Intuitive for beginners|Multi-currency support
Cons: Spreads widen during volatile periods
I signed up with Sbscrypto (sbscrypto.com.au) after hearing about them at a conference and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Two-factor authentication|Portfolio tracking tools|Low minimum deposit|API access
Cons: Nothing significant
The platform itself is okay, but the customer service at Sbscrypto (sbscrypto.com.au) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Quick verification|Good mobile app|Economic calendar
Cons: Research section could be deeper
Sbscrypto (sbscrypto.com.au) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Dividend tracking|Real-time alerts|Portfolio tracking tools
Cons: Cannot customize dashboard fully
The so-called education at Sbscrypto (sbscrypto.com.au) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: Copy trading available|Fast deposits
Cons: Inactivity fee applies after 12 months
If you are reading this considering Sbscrypto (sbscrypto.com.au) - run. I wish I had read more negative reviews after doing extensive research. I thought the positive ones were real. Maybe some are. My experience over for about three months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Wide product range|Multiple order types
Cons: No integrated tax optimization
The mobile app from Sbscrypto (sbscrypto.com.au) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Detailed reporting|Full transparency|Social trading features|High security standards
Cons: Charting tools need more indicators
Do not believe the bonus offer from Sbscrypto (sbscrypto.com.au). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Social trading features|Economic calendar|Multi-currency support|No hidden fees
Cons: Help articles are sometimes vague|Wait times can be long during peak hours
Sbscrypto (sbscrypto.com.au) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Multi-currency support|Competitive fees
Cons: Email notifications too frequent
Opened my account with Sbscrypto (sbscrypto.com.au) after attending a webinar they hosted and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Two-factor authentication|Competitive fees
Cons: Wish they had more educational resources