BBNext: Reviews, Trading Terms & Fact Check

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The financial market is full of scammers who try to cash in on naive traders. Today we will talk about another one-day office called BBNext. Judging by the reviews, these scammers use “kitchen” methods of divorce, and they are not embarrassed that they are depriving students and pensioners of their livelihoods. How do scammers operate? Read on.

Basic information about scammers

The official site bbnextlimited.com is available only in English, although users write in the reviews that scammers are actively working with our compatriots. The site itself costs 23 rubles, and from this it immediately becomes clear that the hand of a specialist did not touch it. Reliable agents spend hundreds of dollars on their sites, and swindlers do not want to invest in a project that will soon have to be closed.

The creators of the scam do not tell anything about themselves. There is nothing strange in this: they are well aware that the sharaga will not last long under a flurry of revealing reviews. The scammers claim that they created the company in 2016, but this is a lie. We found out that the domain was registered in June 2021. It was updated in November, and the first complaints about BBNext appeared a couple of weeks ago. Before us is a new sharashka office, which will close in a couple of months, and its creators will disappear, taking the money “Pinocchio”.

You can contact scammers only through the form on the site. There is no phone, which is not surprising: they do not want to answer the calls of deceived traders. An email is also indicated on the site, however, in the reviews, users write that no one answers it. The check showed that e-mail simply does not exist, so sending requests to it is pointless.

BBNext lists a business center in St. Vincent and the Grenadines as its headquarters address. It also appears on the sites of other "kitchens" such as FreshForex, CCXMarkets and Investizo, about which a lot of revealing reviews have been written. We found quite a few offers to rent a virtual office at this address. Local regulatory authorities do not respond to this, so all sorts of scams are registered on it.

In addition, “registration” in Saint Vincent and the Grenadines is more of a minus than a plus, since you can register in this offshore for a nominal fee. 

There are plenty of clauses in the “User Agreement” that put the trader at a disadvantage:

• BBNext has the right to change the terms of transactions and the amount of commission without notice;
• if a technical failure occurs on the platform, as a result of which the user loses funds, the scammers will not be responsible for this (judging by the reviews, they often use this item for divorce);
• scammers may refuse to withdraw the investor's money, arguing that this is a violation of the "User Agreement".

Who regulates the work of a false broker?

The site footer says that the scammers have a license from the St. Vincent and the Grenadines regulator, but this is a lie: the SVG FSA does not issue any permissions to brokerage organizations at all. A warning about this can be found on the official website of the regulator.

From the reviews, we can conclude that a large part of the clients of the hero of our review are traders from Russia. In our country, licenses for financial intermediation are issued only by the Central Bank. According to Law No. 460-FZ, a company can receive this document after registration, registration and entry into the SRO. The review showed that BBNext did not meet all of these requirements. Moreover, we found information about him in the list of brokers that the domestic regulator suspects of illegal work.

Overview of trading conditions

The pseudo-broker offers three types of accounts: “Professional” can be opened after depositing 1000 USD, “VIP” – 5000 USD. You can trade on “Standard” with any amount. Judging by the reviews, this is how scammers lure investors who do not have too much money. Scammers claim that after registration, the following benefits become available to users:

• zero spreads;
• the ability to trade from a computer, smartphone and tablet;
• instant execution of orders.

In the section with account types, it says that the maximum leverage reaches 1:500, and in the “User Agreement” we saw 1:3000. Both numbers only indicate that BBNext is a fake firm that does not bring a single deal to the market. If you see leverage above 1:30, know that you are looking for scammers who are trying to take your money.

There is no demo account, of course. Scammers do not want to demonstrate a twisted platform until the trader gives them the capital. They also do not provide training materials and analytics.

What reviews do customers write?

The Internet is full of negative reviews about the sharashka office. According to the affected traders, it is simply impossible to withdraw capital, and the platform is constantly hanging, as a result of which you can lose funds even on profitable deals.

How do scammers steal money?

Charlatans find new victims on social networks. A guy / girl is added to the user as a friend, on the pages of which there are photos of luxury cars, country houses and resorts. They have intimate conversations with him and casually mention that BBNext broker helped to solve all financial problems. By a “lucky” chance, one of the company's analysts turns out to be a close acquaintance of this person, and he is ready to help make money. Looking at the photo, the user does not doubt the honesty of the offer, but does not assume that all the pictures are stolen from the pages of other people.

The analyst advises the investor on “good” trades, and the investor rejoices at the growing income. In fact, scammers simply “draw” the necessary numbers. When trying to withdraw money, the true essence of the “kitchen” is revealed: users talk about the fact that they are constantly fed “breakfasts”, demand a commission for withdrawing from a segregated account and stamp duty. When the scammers realize that the victim has not a penny left, she will be accused of violating the “User Agreement” and the account will be blocked, and the money will be taken from it as compensation.

Bottom line: can BBNext be trusted?

Definitely not. Before us are impudent scammers who will not stop until they leave the investor with empty pockets. If you do not want to add to the list of affected users, do not approach the crooks at gunpoint!