Score

1.43 /10
Danger

BBNEXT

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.41

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BBNEXT Limited

Company Abbreviation

BBNEXT

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Facebook

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

BBNEXT · Company summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument STOCKS, INDEX, FOREX, CURRENCIES & COMMODITIES and CRYPTOCURRENCIES
Account Type Easy Trading Advisory, Exclusive Advisory, Connect Business Advisory and Gold & Black Advisory
Demo Account yes
Maximum Leverage 1:400
Spread N/A
Commission N/A
Trading Platform MetaTrader5 Windows, Mac, Android, iPhone and Webtrader
Minimum Deposit $1,500
Deposit & Withdrawal Method Visa, MasterCard, PayPal, American Express, Bitcoin

BBNEXT, a trading name of BBNEXT Limited, is allegedly a forex broker registered in Saint Vincent and the Grenadines since 2016 that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 on the MT5 trading platform via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that BBNEXT currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

BBNEXT advertises that it offers access to over 1,000 financial instruments, which include STOCKS, INDEX, FOREX, CURRENCIES & COMMODITIES and CRYPTOCURRENCIES.

Market Instruments

Account Types

Apart from demo accounts, BBNEXT claims to offer four types of trading accounts - Easy Trading Advisory, Exclusive Advisory, Connect Business Advisory and Gold & Black Advisory, with minimum initial deposit requirements of $1,500, $25,000, $150,000 and $1,500,000,00 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types
Account Types

Leverage

The leverage provided by BBNEXT is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

The platform available for trading at BBNEXT is one of the most notable and preferred trading platforms the market offers - MetaTrader5 Windows, Mac, Android and iPhone, as well as a web version accessible via a browser. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & Withdrawal

From the logos shown at the foot of the home page on BBNEXTs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, PayPal, American Express, Bitcoin, etc. The minimum initial deposit requirement is extremely high - up to $1,500.

Deposit & Withdrawal

Customer Support

BBNEXTs customer support can be reached by email: contact@bbnextlimited.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook and Instagram. Company address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.

Pros & Cons

Pros Cons
• Multiple asset classes, account types and payment options offered • No regulation
• Demo accounts available • Extremely high minimum deposit ($1,500)
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is BBNEXT regulated?
A 1: No. It has been verified that BBNEXT currently has no valid regulation.
Q 2: Does BBNEXT offer demo accounts?
A 2: Yes.
Q 3: Does BBNEXT offer the industry-standard MT4 & MT5?
A 3: Yes. BBNEXT offers MetaTrader5 Windows, Mac, Android and iPhone, as well as a web version accessible via a browser.
Q 4: What is the minimum deposit for BBNEXT
A 4: The minimum initial deposit to open an Easy Trading Advisory account is $1,500, while $25,000 for the Exclusive Advisory account, $150,000 for the Connect Business Advisory account and $1,500,000,00 for the Gold & Black Advisory account.
Q 5: Is BBNEXT a good broker for beginners?
A 5: No. BBNEXT is not a good choice for beginners. Although it offers demo accounts on the leading MT5 trading platform, it lacks legitimate regulation and its minimum deposit ($1,500) is quite high and unfriendly for beginners.

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BoiseR
more than one year
I recently registered on the BBNEXT trading platform, but soon after, I started receiving unsolicited phone calls, three times a day (today, 02/29/2024)! They attempted to sell me forex education and signals. This aggressive marketing approach is off-putting and reflects poorly on their professionalism. I expect better respect for privacy and a focus on providing quality services rather than relentless sales tactics.
I recently registered on the BBNEXT trading platform, but soon after, I started receiving unsolicited phone calls, three times a day (today, 02/29/2024)! They attempted to sell me forex education and signals. This aggressive marketing approach is off-putting and reflects poorly on their professionalism. I expect better respect for privacy and a focus on providing quality services rather than relentless sales tactics.
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2024-02-29 17:40
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