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Sybles

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://sybles.com

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Contact

support@sybles.com
https://sybles.com

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0549179) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Sybles · Company Summary

Registered Country/Area United Kingdom
Founded year 2022
Company Name Sybles (Pacific Ocean) Group
Regulation Suspicious Regulatory License
Minimum Deposit $500
Maximum Leverage 500:1
Spreads From 0.0 pips ( allegedly)
Trading Platforms Webtrader
Tradable assets Forex, commodities, indices, Stocks
Account Types Standard
Demo Account No
Islamic Account No
Customer Support Email: support@sybles.com
Payment Methods Not specified
Educational Tools Limited or none

Overview of Sybles

Founded in 2022, Sybles is a brokerage firm based in the United Kingdom. However, its regulatory license raises suspicions in terms of credibility and investor protection. The minimum deposit requirement is set at $500, while the maximum leverage offered is a high 500:1. It claims to offer spreads starting from 0.0 pips, although the accuracy of this claim remains questionable. The trading platform provided by Sybles is Webtrader, limiting the options available to traders. Clients can access a range of tradable assets, including forex, commodities, indices, and stocks. Sybles only offers a standard account type and does not provide a demo or Islamic account option. The customer support contact is available via email, however, the level of responsiveness is uncertain. The payment methods accepted by Sybles are not explicitly specified. Furthermore, the availability and quality of educational tools on their platform is limited or non-existent.

basic-info

Is Sybles legit or a scam?

Despite their claims of being regulated by the National Futures Association (NFA) with a regulatory license number 0549179, our investigation reveals that this broker is not a member of the NFA in any capacity. This discrepancy raises significant doubts about the legitimacy and credibility of Sybles' regulatory claims.

The misleading nature of Sybles' claims regarding NFA regulation further undermines their credibility and transparency. Investors should be wary of such misrepresentations and carefully assess the regulatory status of any brokerage firm before engaging in financial transactions. It is imperative to prioritize the safety of investments and seek out regulated entities that adhere to stringent regulatory standards.

regulation
regulation

Market Instruments

Sybles (Pacific Ocean) Group offers a range of market instruments across four classes, namely forex, commodities, indices, and stocks.

In the forex market, Sybles enables clients to engage in currency trading, which involves the buying and selling of foreign currencies. This market is known for its high liquidity and round-the-clock trading, providing opportunities for traders to capitalize on price fluctuations and global economic developments.

market-instruments

Commodities, another class of instruments offered by Sybles, encompass various tangible goods such as agricultural products, precious metals, and energy resources. Investing in commodities allows traders to speculate on their price movements, taking into account factors such as supply and demand dynamics, geopolitical events, and market sentiment.

market-instruments

Indices represent the performance of a group of stocks or other assets, providing a snapshot of the overall market conditions or specific sectors. By trading indices, investors can gain exposure to a diversified basket of stocks, without the need to individually select and manage multiple positions. This can be particularly attractive for those seeking broad market exposure and potentially lower transaction costs.

Lastly, Sybles offers trading in stocks, allowing clients to invest in individual companies listed on various global stock exchanges.

market-instruments

Account Types

Sybles (Pacific Ocean) Group offers a single account type, namely the standard account, which may prove restrictive for traders seeking a tailored approach to their trading experience. This uniform account structure lacks the flexibility to cater to the diverse needs and preferences of individual investors.

The minimum deposit requirement for the standard account stands at $500. While this amount may be accessible for some traders, it may pose a significant barrier for others, particularly those who are new to the trading scene or those with limited financial resources.

The unavailability of demo accounts further detracts from the overall offering of Sybles. Demo accounts play a crucial role in providing a risk-free environment for traders to practice and acquaint themselves with the platform's features and functionalities.

account-types

Leverage

With leverage reaching up to 1:500, clients can potentially amplify their profits or losses, depending on the accuracy of their trading decisions.

However, it is important to note that the usage of leverage also carries inherent risks. The amplified exposure increases the vulnerability to market fluctuations, resulting in accelerated losses if the trade moves against the trader's expectations.

leverage

Spreads & Commissions (Trading Fees)

Sybles advertises spreads starting from 0.0 pips, a statement that warrants careful consideration due to the absence of regulatory oversight. While the assertion of zero spreads may appeal to traders seeking cost-effective trading conditions, it is vital to approach such claims with a discerning eye.

In one word, the veracity of Sybles' promotional statement regarding spreads remains uncertain in the absence of regulatory supervision.

Non-Trading Fees

When considering the non-trading fees associated with Sybles Group, a comprehensive evaluation is necessary to accurately assess the cost-effectiveness and overall value of engaging with this broker.

Sybles may levy non-trading fees for services such as deposits, withdrawals, and inactivity. Deposits and withdrawals, fundamental aspects of any trading relationship, are essential to assess in terms of associated costs. Traders should be mindful of any fees imposed on these transactions, as they can impact overall profitability and the ease of managing funds.

Trading Platform

Sybles (Pacific Ocean) Group offers a simplified web-based trading platform for its clients, diverging from the widely acclaimed MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms commonly used in the industry. However, it is important to consider the potential limitations of a proprietary webtrader platform.

trading-platform

Deposit & Withdrawal

Describe the Deposit & Withdrawal (this broker does not provide details about what payment methods it provides, as well as associated fees and processing time) of Sybles in paragraphs. Please make the language formal and eloquent, avoid usage of excessive positive words. While it may suit the needs of some traders, those accustomed to the advanced features and customizable options available in industry-standard platforms like MT4 or MT5 may find the Sybles webtrader platform lacking in sophistication and versatility.

Customer Support

Sybles offers customer support services exclusively through email communication only, with the designated email address being support@sybles.com. While this may provide a means of contacting the broker, it is important to note that this limited communication channel may pose challenges and potential drawbacks for traders seeking prompt and efficient assistance.

customer-support

Educational Resources

Sybles, unfortunately, does not provide any educational resources for traders. The absence of educational materials can be a significant limitation for traders seeking to enhance their knowledge and skills in the financial markets.

Is Sybles suitable for beginners?

When considering Sybles (Pacific Ocean) Group as a brokerage option for beginners, several aspects should be carefully evaluated.

Firstly, the high minimum deposit requirement of $500 may pose a significant barrier for beginners. For those new to trading, starting with a sizeable initial investment can be daunting and may deter individuals who are looking to begin their trading journey with a smaller budget.

Secondly, the absence of demo accounts can further impede the suitability of Sybles for beginners. Demo accounts serve as invaluable tools for novice traders, allowing them to practice trading in a risk-free environment, experiment with different strategies, and gain confidence before committing real funds.

Lastly, the absence of educational resources within the Sybles platform adds another layer of limitation for beginners. Educational resources play a pivotal role in equipping traders with the knowledge, insights, and foundational understanding necessary to navigate the complex world of financial markets.

Is Sybles suitable for experienced traders ?

When evaluating the suitability of Sybles (Pacific Ocean) Group for experienced traders, several aspects should be taken into consideration.

Firstly, the absence of popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5) may limit the platform's appeal to experienced traders who have grown accustomed to the features and functionalities offered by these widely used platforms.

Secondly, the provision of only a web trader platform may be perceived as limited in terms of advanced trading capabilities. Experienced traders often appreciate the flexibility and convenience offered by desktop or mobile applications, which may not be fully realized with a web-based platform alone.

Thirdly, the moderate leverage cap of 100:1 offered by Sybles may not meet the requirements of experienced traders who seek higher leverage options to amplify their potential returns. Restricting leverage to 100:1 may impede the flexibility and risk management strategies employed by experienced traders, potentially limiting their ability to optimize their trading opportunities.

Lastly, the absence of direct phone support might be seen as a disadvantage for experienced traders who prefer instant and direct communication channels for resolving issues or obtaining timely assistance. Relying solely on other forms of communication, such as email or live chat, may not provide the same level of efficiency and immediacy that experienced traders often value.

Conclusion

In conclusion, Sybles (Pacific Ocean) Group presents a set of limitations and considerations that may influence its suitability for both beginners and experienced traders. With a high minimum deposit requirement, the absence of demo accounts, and the lack of educational resources, Sybles may pose challenges for beginners seeking accessibility, practical learning, and foundational knowledge. Similarly, the absence of popular trading platforms, moderate leverage options, a dependence on a web trader platform, and the lack of direct phone support may restrict the advanced trading functionalities and flexibility sought by experienced traders. Thus, those who prioritize affordability, comprehensive learning materials, advanced trading features, and responsive support channels may need to explore alternative brokerages better aligned with their specific requirements.

FAQs

Q: What is the minimum deposit requirement for Sybles?

  1. A: The minimum deposit requirement at Sybles is relatively high, which may not be suitable for all traders. Please contact their customer support for the exact amount.

Q: Does Sybles offer a demo account for practicing trading?

  1. A: Unfortunately, Sybles does not provide a demo account feature at the moment. This may be a challenge for traders who wish to practice their strategies in a risk-free environment before committing real funds.

Q: What trading platforms are available at Sybles?

  1. A: Sybles offers a web-based trading platform for executing trades and managing accounts. However, it does not support widely used platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

Q: What leverage options are available at Sybles?

  1. A: Sybles offers a moderate leverage option of up to 100:1. While this may be suitable for some traders, others may prefer higher leverage for greater trading flexibility and potential returns.

Q: Is Sybles suitable for beginners?

  1. A: Sybles may pose some challenges for beginners due to its high minimum deposit requirement, lack of a demo account, and limited educational resources. Beginners seeking easy accessibility and comprehensive learning materials may find alternative brokerages better suited to their needs.

Broker Information

Company Name

Sybles (Pacific Ocean) Group

Company Abbreviation

Sybles

Regulatory Status

Suspicious Clone

Platform registered country and region

United Kingdom

Company website
Phone of the company

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Customer Service Email Address
  • support@sybles.com

Company Summary

User Reviews

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SaSali
more than one year
Sybles, Sybles – talking the talk but not walking the walk. That suspicious regulatory license is a red flag, and the lack of demo accounts is a letdown. One-size-fits-all with just a standard account? Come on, we need options. And that Webtrader platform? Not exactly winning awards. Deposits, withdrawals – they're silent on the details. And email-only support? Good luck getting a quick answer. Bottom line – tread carefully, folks, there are better fish in the trading sea.
2023-12-11 18:46
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FX1558224953
more than one year
Yo, check it – Sybles claims to be the real deal from the UK, but hold up, their regulatory license looks sketchy. They talk about NFA like they're part of the club, but turns out they ain't. Minimum deposit of $500, which is cool, but that 500:1 leverage got me feeling some type of way – that's a risky game, fam. They say spreads start from 0.0 pips, but who knows if that's legit without proper oversight. Plus, they only got this Webtrader thing, not even MT4 or 5. Something feels off, you might wanna think twice before diving in.
2023-12-08 18:21
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