Saberx.io Review – What Are Warning Signs To Watch Out For

The first thing you can quickly scan is that the company doesn’t reveal any ownership information. Even though they claim to be registered in Quebec, there’s no entity connected to the address.

Nevertheless, after multiple warnings against the company, we are sure that you will understand their goals. Continue reading this unbiased Saberx.io review to see all their dirty tricks.

Legal Info: Is Saberx.io Legit Or A Scam?

To sum it up, Saberx.io is an absolute scam. In the first place, the company is not registered or licensed in Canada. On top of that, Saberx.io doesn’t hold any other Tier 1 license, starting with FCA, BaFin, ASIC or CFTC. 

Instead, the company is slapped with multiple warnings, primarily from the Canadian CSA and then CBR (Russian Central Bank).

Who Are Saberx.io’s Clients?

If you look up at who.is, you will see that the company operates only for a couple of months. Thus, they have narrowed their targeting choice. Most of the scammed traders come from: 

• Canada
• Ukraine
• United Arab Emirates

Where are you coming from and what’s your experience with Saberx.io broker? Did you have any issues? If you did, don’t forget that our refund team is available for consultation.

Traders Experience

As we can see, Trustpilot has 36 comments about the broker. In general, most of it is positive. Yet, the negative ones are quite disturbing simply because there are traders reporting losses of more than $70K.

If you had a similar issue with the broker, it’s time to get your money back. Don’t waste any time. After all, to have the first consultation with our expert team doesn’t cost anything. Get in touch!

Investment Costs With Saberx.io

The most expensive cost according to the company is a $1.5 fee per contract on futures. Other than that, everything can cost you maximally up to $0.5 per contract. But that’s all you can find about fees. Thus, without regulations, this broker doesn’t need to match any of these statements in reality.

Bonuses

So far, the company doesn’t have any bonus offers. But you should be aware of the problems coming with the bonuses. There are often malicious policies that prevent you from withdrawing the funds. For more scamming tricks, check our UltraBrokerz review.

Saberx.io Trading Features

It seems that all Saberx.io Online Trading features are completely fictive. Primarily because the company doesn’t reveal any information about the trading platform itself. For fundamental and technical analysis it’s important to know what tools you can use. Especially with Saberx.io stocks offer.

Available Trading Assets

As for the tradeable assets, the company has quite an unusual offer. Those are not standard assets. Instead, they offer: 

• Stocks
• Futures
• ETFs
• Options

Account Types

Important to realize is that Saberx.io futures or any other option have the same conditions. There is no account type separation or benefits for bigger trading volume. Practically, no motivation for anyone to deposit higher with this shady company.

Mobile Trading App

Without transparent platform information, we didn’t expect the Saberx.io app download option. And the expectations were met. But to understand the importance of a trusted app, you should read our INVCenter review.

Demo Account

Above all, the platform is hidden for a reason. It doesn’t offer any advanced features. OR it doesn’t exist at all. In any case, this company didn’t find it convenient to provide risk-free options for trading. Such as demo accounts or micro-accounts.

Education

Another key fact is that education is not a part of Saberx.io services. Practically, you are left on your own or to trust their agents. Whose goal is not to teach you how to invest, but to extort money from you.

Saberx.io Withdrawal

Important to mention is that this scam broker doesn’t have any withdrawal policies. Not even in their T&Cs mentioned. Therefore, they can make up any excuse not to allow your withdrawal. But be careful, even if they have some legal documents, they can scam you. In the end, they are not regulated and the company chooses if they will comply with laws or not.

Customer Support

Unfortunately, with Saberx.io broker only 2 contact options are available. Those are phone line and e-mail. But if you get the response that the phone is not in service or It’s unavailable, most likely it’s a VOIP service. After all, without a license, they can ignore your requests completely. Practically, the support is useless.

Key Information To Consider About Saberx.io?

As mentioned, lack of licensing, legal documents and transparent withdrawal conditions are key scam signs. In addition to that, trading conditions and platforms remain unknown. We strongly advise you to check any legitimate and Tier 1 licensed broker. Very quickly you will see the difference.

In the end, if you want to start somewhere else you need to get some money back first. Our chargeback team is available to consult you about the next steps. Whether you are applying for a chargeback or using alternative refund options like CipherTrace. Get in touch now!

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