Shenbit is a trading platform claiming to offer its clients a wide range of financial services, including forex and CFD trading. But before you consider investing your hard-earned money with Shenbit, it’s important to thoroughly research the company and understand if it’s a reputable and trustworthy option.
Is Shenbit a Licensed Broker?
One of the first things you should consider when considering a trading platform is whether it is regulated and licensed by a reputable financial authority. Unfortunately, Shenbit is not licensed by any recognized regulatory body. We tried to find some information on their website and customer service. But no accurate information was found.
Why Should Not You Trust an Unlicensed Broker?
When investing your money, it’s important to choose a broker you can trust to handle your funds securely and ethically. An unlicensed broker like Shenbit is not subject to the same strict standards and regulations that licensed brokers must adhere to. This means that there is a higher risk of fraud, scams, and other unethical practices.
Can Shenbit Be Trusted?
There have been numerous reports from traders who have had negative experiences with Shenbit, including issues with withdrawals, low-quality customer service, and high spreads. These negative reports raise serious concerns about the platform’s reliability and integrity.
What Do Traders Think of Shenbit?
Unfortunately, the feedback from traders who have used Shenbit is overwhelmingly negative. Many traders have reported issues with their accounts, including difficulty withdrawing funds and poor customer service. Others have expressed frustration with the high spreads and lack of transparency when it comes to fees and charges.
Scammed by Shenbit Broker? – Talk To Our Experts
If you have had a negative experience with Shenbit, it’s important to speak to an expert who can help you navigate the situation and protect your rights. We can provide you with a free consultation on how you can recover your lost money. If you need, we can provide legal help too.