Warning! BbNextLimited is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
BbNextLimited can mean many things, but one thing it ain’t is a legit broker. Whatever it says or does all around is a hoax. It pretends to be a legit entity throughout, and unfortunately, succeeds in fooling users. This happens by means of its somewhat standardized website and the many lies is adds to it.
The first major lie, or rather manipulative information has to do with the address and registration of the broker. We are told that the company is registered in Saint Vincent and the Grenadines, yet the nation does not have an FX regulator. This means that a registration, or incorporation if you wanna get fancy, is quite worthless, since every single FX broker must have an officially recognized license if it wishes to be a legit entity. This broker does not have one from Saint Vincent and the Grenadines, even if it is located there and even if it complies with all laws.
Moreover, the terms and conditions disclose that all disputes will be solved while applying the laws of ICAC, which is actually both a fake website and a false organization as a whole. It falls into the category of one of those false pretenders that claim to be regulators.
It’s obvious that the company is not regulated, and is therefore a risk to all investments!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
We did not access a trading software, for a reason that we will soon reveal. Even if we easily registered, we would still have to take all the info from the site.
On the website, we learn that the Standard account spread is 1.7 pips at its lowest. The leverage is capped at 1:500, and the tradeable assets are stocks, indices, cryptos, commodities, and forex currency pairs.
BBNEXTLIMITED LOGIN
We did not open the available MT5 because the link to the desktop version of it warned us that a malware might be hidden in the execution file. This is a very shady file, and we wouldn’t risk the health of our machine. And neither should you!
Moreover, the MT5 web trader had demo servers from the MetaQuotes demo account, meaning that users of the MT5 web version would not be trading with the broker at all!
And even if there is an MT5, we still urge users to forget eve trading with this illegal broker.
BBNEXTLIMITED MINIMUM DEPOSIT
The user area reveals a bunch of crypto wallets, all of which are used as depositing gateways, and none of which are safe. Let us remind you that crypto payments are untraceable, and unless BbNextLimited wishes to tell you where the money goes, your guess is as good as ours.
The minimum deposit with any crypto wallet is almost always not capped. Here it’s the case. There is no minimum deposit requirement, and so clients are available to invest what ever they wish, although we do not recommend investing anything because the firm is, after all, an illegitimate entity.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
BBNEXTLIMITED WITHDRAW TIME AND FEES
We could not get any withdrawal details out of the user area. For one, we had to invest, and you already know how we feel about that.
The website is, on the other hand, a collection of information that is easily manipulated and changed at the broker’s own leisure. So, we don’t really trust what we found out.
It takes 2 days to process a withdrawal requests, and the broker uses the same methods as depositing ones. There are also perhaps a range of fees, although the company it typically very ambiguous about when and how they apply, not to mention about their value.
ACCOUNT VERIFICATION
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
BOTTOM LINE
From everything that we just reveled, there should not have been even a moment where readers would have considered investing in BbNextLimited. This broker is a risk to all investors and their money!
