About SIB
Company Overview
SIB is a financial services entity registered in New Zealand, with a recorded establishment date of 17 November 2020. The broker operates without any known regulatory licenses or oversight from a recognized financial authority. This absence of regulation is a significant factor in FXCanary's assessment of its risk profile.
Regulatory Status
Our records indicate that SIB holds no regulatory licenses from any major financial regulator. This means that traders considering this broker would not benefit from the protections typically afforded by regulated entities, such as negative balance protection, segregated client accounts, or access to compensation schemes.
Risk Assessment
FXCanary's scam risk score for SIB stands at 51 out of 100, classified as 'Elevated.' This score reflects the lack of regulatory oversight and the limited publicly available information about the broker's operations. Traders are advised to exercise significant caution when dealing with entities that have an elevated risk score and no verifiable regulatory status.
Overview compiled by FXCanary from regulatory records and public data. full SIB review