WikiFX

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From my perspective as an independent trader, credibility is the cornerstone of any broker-client relationship, especially in forex. In my evaluation of SIBL, I have serious reservations about its trustworthiness and suitability for active traders like myself. SIBL has operated for five to ten years, which on the surface might suggest some stability. However, the absence of any valid regulatory license is a fundamental concern for me. Proper licensing is critical because it typically means brokers are subject to oversight, dispute resolution protocols, and basic standards of client fund protection. SIBL’s lack of regulation exposes traders to a level of counterparty risk I am personally not comfortable with, regardless of any claims about business activities or operational history. Moreover, SIBL carries a high potential risk rating and has been flagged for suspicious regulatory status. The warning indicators—especially the recommendation to stay away due to the low score—align with my cautious approach when selecting a broker. In the current forex landscape, regulatory compliance is not optional; it is an essential safeguard. While I understand that SIBL is registered in Bangladesh and has a presence there, for me, broker location and years in business do not compensate for the lack of licensing and risk controls. Based on these factors, I do not consider SIBL to be a credible choice for responsible trading, and I would advise a highly conservative approach—if not outright avoidance—when dealing with unregulated brokers, no matter their claims or tenure.