Fbs trading scam

Most likely she is not the founder and only works for FBS. Unlike many other forex trading systems, FBS wants their clients to know, that forex trading is very risky and you should use money that you can lose.

My list of forex bonuses

Is FBS a scam?

What is the FBS and how it works?

Can you make money with this platform?

We know that there are many trading platforms the promises you to make money, but many of them are just scams and ponzi schemes

In this FBS review, we are going to cover what is the price to join, what is the compensation plan, what kind of products they have, and whether people making money.

Let’s get right into that.

Disclaimer
please note, I am not a member or an affiliate for FBS. This review is based on research and information available online in the public domain.
Any recommendation and conclusions are only opinions and may not apply to all persons or situations.

Overview

Name: FBS
website: www.Fbs.Com (or FBS.Eu for EU market)
price to join: $1 to $1,000
recommended: not really. Still, it is an MLM company.
I recommend affiliate marketing. Check the pros and cons of both business models (affiliate marketing vs. MLM).

FBS summary

FBS is an international online broker that offers to trade in forex. This is supposed to be a friendly platform for beginners and advanced traders as well.

However, there is no information about who runs this company.

This company is regulated in the EU by the cyprus securities and exchange commission and by the international financial service of belize.

However, FBS is banned in big trading markets, like the USA, canada, or japan.
The service they offer seems legit, so it is not quite clear why they do not operate in those big markets.

The good thing about the FBS is that the minimum deposit can be $1 (depending on the specific account).

From first sight, it is not quite clear whether FBS is a scam or not, although I would recommend searching for more legitimate platforms.
The reason being is that there are some issues (red flags if you will) with the FBS.

For example, there are a lot of people complaining about the withdrawal process, and also that FBS support is not responding.

My recommendation is – not to get involved with the FBS.

There are many legal ways how to generate consistent income.

I personally prefer affiliate marketing, where I run one website that generates me 4 digits online.
Here is a link to the method I have been using since 2017.

What is FBS?

FBS is an investment company that helps you to generate profit by marketing their services and products. The company was founded in 2009.
According to their privacy policy, this company is regulated by the cyprus securities and exchange commission.

Cyprus is a well-known country due to the fact that a lot of scammy companies have their headquarters there. Now does it mean right away, that FBS is a scam?

No, at least not at this point.

FBS is basically a forex trading company offering services. They also offer education products for forex trades.

The company claims to have more than 15 million active traders in more than 190 countries.
Based on the number of monthly visits the site FBS.Com gets, it is probably about right.
(the site FBS gets more than 2M visits per month).

We are going to find out that people from certain countries (like the US or UK) can’t register with the FBS.
This to me is a red flag.

A person who is allowed to register (the list of countries below) can earn money once opens one of the accounts (we will get there in more details in a bit).
There are 2 ways how o make money:

The first way is to through investing and trading

The second way is to promote FBS and make commissions

One must be careful when it comes to investing; there are many companies that are literally pyramid schemes, or ponzi schemes (just like beurax or petronpay).

I am sure you know that FBS works as a multi-level marketing company.
You will be paid according to the number of people below you. In fancier words, when you build your team.

Of course, this recruiting part is optional but make no mistake.
The only real money is in recruiting.

So let’s dig a bit deeper.

Who runs the FBS?

It is not clear who the owner is.

I find this as a red flag since most legitimate companies reveal who the CEO or founder is.
Unfortunately, it is not the case with the FBS.

What I also find disturbing is a fact that this company reveals a number of shell companies operating from:

FBS inc. In the marshall islands

HDC technologies ltd in cyprus

FBS markets inc. In belize

Nevertheless, they have their own youtube channel and the person that walks you through webinars is elizabeth belugine.
According to her FB profile, she is from st. Petersburg, russia.

Most likely she is not the founder and only works for FBS.

For example here is a video where she explains, what are the advantages of the forex market?

There are also a lot of videos including webinars that have about 1 hour (or more).
I am sure there is a lot to learn.

Who is it for?

FBS seems like a good platform for both beginners and advanced traders.

As mentioned above, there are certain countries where their service is not available.
Let’s take a look at the countries that are banned from using their services

Canada

Japan

Brazil

Israel

Myanmar

Iran

Why?
Could it be that these countries have strict regulations against scammy companies?

Here is the list of countries where FBS accepts traders from:
australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar, and most other countries.

Is FBS a pyramid scheme?

It is important to distinguish between regular MLM and a pyramid scheme.

The fact is that every MLM company has routes in a pyramid scheme.
To make it legitimate, a company must offer retail products.

The distributor or IBO’s (independent business owner) should be able to earn solely from selling these products – whether it is a tangible product (like in the mary kay or amway case) or it could be course or service.

By now we know that FBS offers services, so it can’t be called a pyramid scheme.

But if you want to know how to post a pyramid scheme here is a short video:

How to register with FBS?

You can open an account assuming you are not from the banned country.

Just enter your email and then you will have your account information assigned.

Before you can make a deposit, you are required to fill out the survey.

It concerns your personal data like

Date of birth

Citizenship

Your address

Phone number

And other questions that I personally find annoying.

Are you a politically exposed person

How many times did you trade over the past year?

What is your employment status and your “sphere”

What is your source of income and your net annual income?

Then based on the results you get the retail status with a recommended deposit you can trade.

After that just select the way how you want to make the deposit.

What products (accounts) does FBS offer?

These are not exactly products, but rather accounts you can open.

Standart – this is for experienced market players. The initial deposit is $100.

Cent – this is for beginners, people who are just starting to learn about forex and that is why the initial deposit is $1 only.

Micro – fits the best for those who like math and can calculate their profit. The minimum deposit is $5

Zerospread – this is for those who like trading fast. The minimum deposit – $500.

ECN – and finally, this account is the best for those who are confident and want to trade with the ECN technologies. The minimum deposit is $1,000.

So depending on your experience you can start with $1 or $1,000.

You have both (MT4 and MT5 )metatrader platform available also as mobile apps.

These apps allow trading on financial markets via android and ios.
You can also monitor your account status, buy and sell financial instruments, or track the history of trades.

Compensation plan

Most MLM companies have a pretty tricky compensation plan. In many cases, you have to through 20 to 40 pages, and it is still not clear what the deal is.

FBS offers a pretty simple compensation plan.
They use a 3 level system (uni-level) that looks like this:

The trading commission is paid down to 3 levels:

Level 1 – you get 100% on the trading activity of your affiliate (or trader)

Level 2 – 15%

Level 3 – 5%

Is FBS a scam?

FBS is not an outright scam.

People who are just getting started, earn money
but the problem seems to be with support and communication when it comes to withdrawal.

Also due to the MLM structure, I am afraid that most people will not make enough to pay the bills.

Don’t get me wrong. There is certainly a great opportunity to make money with forex.

But I would be careful joining shady companies with unclear ownership and yet operating from a scammy friendly country.

My advice – if you want to learn how to make money with forex, do more research and find a legitimate company with a history that does not ban certain countries.

Please note, that whenever there is an MLM structure involved, it always works as the following:

Before we wrap up…

A long time ago I was involved with one MLM company, and it did not work out.

I went through a lot of jobs and eventually I have learned something about online marketing.

Long story short, now I know how to create a website that drives free traffic, and most importantly, this website earns me 4 figures.

There are plenty of ways on how to make money; I personally think that being in online marketing is the best way to go.
To be more specific I earn money with affiliate marketing.

At the bottom of the post, there is a link that directs to my #1 recommended platform.
It concerns one specific educational platform that teaches how to create a website that generates income.
I am sure you know that it takes special knowledge to succeed online. And this is a perfect platform that teaches everything, step by step from the basic stuff to advanced one.

What I like about FBS

The compensation plan that is simple and easy to comprehend

Long established company (based in 2009)

MT4 and MT5 integration

What I don’t like about FBS

Not available in big trading markets

No information about who runs the company (who is the founder or CEO?)

They have linked shell companies operating out of belize and marshall islands

Conclusion

It does not seem that this is a scam.

Unlike many other forex trading systems, FBS wants their clients to know, that forex trading is very risky and you should use money that you can lose.

However, there is still a number of major red flags that are disturbing.
I personally don’t recommend it.

Remember that, when it comes to investment, keep in mind the following rule:

Don’t invest more than you can afford to lose

I would be glad if you can share your personal opinion about FBS. Please use the comment section below, I am sure your opinion will appreciate it by other readers.

Also, in case you have questions don’t hesitate to ask.
I will do my best to provide you with feedback within 24 hours.

Thank you for reading,
mike

How to get started with affiliate marketing?

I have been a member of wealthy affiliate since late 2017 without a prior marketing experience.
Beginning of 2018 I have learned how to build a website that drives traffic and makes sales.

Since the summer of 2019, I am a full-time internet marketer and I work from anywhere I want, whenever I want.
Training within wealthy affiliate teaches how to generate a consistent income in the long run.

Is FBS A scam? Let’s delve deeper into this forex trading MLM opportunity!

Welcome to my FBS review!

Today, we will talk about “FBS,” and it’s not the medical jargon “fasting blood sugar”; rather, it is the forex trading platform that offers services and allows an earning opportunity through money trading.

FBS review summary

Website: www.Fbs.Com

Founders: not disclosed

Product type: forex trading platform

Price: $1 to $1,000 for the accounts

Quick summary: FBS is a forex trading company that allows making money. It offers legitimate services and at the same time avoids many pitfalls that most forex multi-level marketing companies commit.

However, it still comes with a couple of red flags. One of which is the shady shell companies that operate out of known scam havens plus the fact that there are transparency issues with regards to who founded the company or how much it would cost to join their affiliate membership.

Overall rating: 3/10

Recommended: no

It’s said to be an international forex broker with more than 190 countries of presence and a lot of traders.

But is FBS legit in the first place or just another forex scam?

Don’t worry, we will talk about the nitty-gritty of this company so you’ll know if it’s worth your time or no so sit back, relax, and read the entire FBS review.

What is FBS about?

FBS claims to be the “best broker for online trading.”

Just in case you’re not familiar with what a broker is, it’s simply the place or the platform that lets buyers and sellers purchase and sell foreign currencies. FBS is basically a do-it-yourself forex trading platform that caters both rookies and professional traders.

It may come with a promising offer for aspiring forex traders; however, FBS doesn’t provide information as to who founded or runs the company. It does disclose a series of linked shell companies, including FBS inc. In the marshall islands, FBS markets inc. In belize, and HDC technologies ltd in cyprus.

Apparently, FBS has stronger traffic in india with 59% of traffic while egypt comes second at 4%. While the website domain appears to be first registered back in 1995 and the current registration details are set to private. It was last updated in july 2018.

Strangely, FBS has excluded their domain from the wayback machine, making it hard to tell if when the current owners acquired it. But as in their website, the history section states that it was in 2009 when FBS entered into the international market.

As enticing as it seems, still a lot of information is missing with FBS, especially essential details, such as the owner's information. And if an opportunity is not upfront about that, think long and hard before joining.

FBS product line

FBS offers multi-tier trading accounts to its customer and it’s as follows:

Cent ($1 minimum deposit) – perfectly suits those who are just starting on their way to success on forex

Micro ($5 minimum deposit) – ideal for those who want to calculate their profit precisely

Standard ($100 minimum deposit) – for experienced market players making their way to forex heights

Zero spread ($500 minimum deposit) – designed for those who prefer trading at the fastest speed

ECN ($1000 minimum deposit) – for those who want to feel the full power of trading with ECN technologies

FBS provides its trader customers with access to the metatrader4, metatrader5 platforms. Metatrader is presumably used by FBS under license from metaquotes software.

Other than advertising different accounts for distinctive involvement levels they too have analytic and educational products for forex traders.

Is FBS A scam?

We can’t directly say that FBS is a scam.

You can actually check it online and find positive reviews from reliable sites. The brand doesn't also participate in other well-known scam tactics that other forex trading platforms and mlms do.

On the other hand, they do stuff that other scams are known to do. For example, failing to disclose who the real owner is. Tactics like this make it obvious that they don’t want people to know who to blame or sue in case any unfortunate thing happens.

Is FBS A pyramid scheme/ponzi scheme?

FBS does offer a service related to forex. They also don’t have trading bots or automation claims, unlike others who promise to give you rois with a secret trading bot or stuff like that.

FBS also enables an earning opportunity through recruitment but it has legitimate services if you're trying to trade on your own. Thereby, NOT a pyramid nor a ponzi scheme.

Here is my top recommendation to start highly profitable online business from comfort of your home

FBS compensation plan

The compensation plan of FBS is simple unlike most MLM's who are long and complicated. FBS refers to its affiliates as “partners”.

FBS partners earn commissions on trading activity by recruited affiliates.

The brand simply pays out in a simple three-level unilevel system.

Level 1 (personally recruited affiliates and traders) – 100%

Level 2 – 15%

Level 3 – 5%

You get 100% commissions on the trading activity of people you personally recruit, 15% on the second level, and 5% commissions on the 3rd level.

The above percentages are paid on traded lots, which is a unit used to measure what is being traded (one lot can be a set currency amount, number of shares etc.).

If you're new to forex trading, here's a quick video on how it works:

How much to join FBS?

FBS offers both partner and trading signup options: trading for customers and partners for affiliates. However, they only provide the account costs for the customers but it does not disclose the costs of their affiliate membership.

Here are the costs of minimum deposits to open up different accounts as a customer in FBS:

Cent ($1)

Micro ($5)

Standard ($100)

Zero spread ($500)

ECN ($1000)

Pros/cons

Simple compensation plan

Unlike other forex and MLM opportunities who would give you long pages of compensation plan explanation.

I like the fact that FBS’ compensation plan is simple and straightforward. There’s clarity and it’ll minimize confusion.

In FBS’ compensation plan, you simply earn commissions three levels below you. Nothing more, nothing less.

No trading bots

Most forex trading MLM platforms that promise to give rois with a secret trading bot or automation appear to be a scam. But on a lighter note, there's no mention of a trading bot or algorithm in FBS.

It offers legitimate services, too if you're trying to trade on your own.

No owner disclosed

As always, if an online income opportunity is not openly upfront about who is running or who owns it, think thoroughly before joining because most scams operate this way.

Actually, this alone can be a red flag to alert you immediately as such information should be laid bare otherwise they are scheming something bad.

Also they are not openly transparent on how much their affiliate membership costs, which is important as this helps traders find out if their opportunity is worth their time or not.

Linked scam shell companies

As mentioned, another red flag is they have shell companies operating out of the marshall islands, belize, and cyprus. These places are known to be havens for scammers because of their little to no regulation of MLM companies.

It’s not that they are banned in some countries but FBS itself banned some countries from joining their opportunity and using their services. Such countries include the USA, canada, brazil, israel, japan, and iran.

Thinking about it, you’ll notice that these countries have strong regulations against MLMS, especially scammers. Perhaps, the brand doesn’t want to get involved with these regulating bodies because there might be something fishy going on.

Training tools/support

To provide the best customer experience, this forex trading platform organizes seminars and special events giving its clients access with training materials, cutting-edge trading technologies, and the latest strategies on the forex market.

FBS is going to be useful for both newbie and professional traders.

And just like most forex opportunities, being part of their affiliate membership will give partners and as well as customers back office access.

Final opinion/verdict

My verdict depends on the trader.

If you’re a beginner, I don’t recommend FBS as forex trading platforms like this are best for professionals or at least, have the basic knowledge of how trading works.

Forex is not for all. Forex trading comes also with risks because of the unstable market. So everything is uncertain.

There are also a couple of red flags in this opportunity that was mentioned above.

With no owner disclosed and being linked to scam-probable shell companies that chose to operate in areas with weak regulation on networking, it’s definitely something to watch out! Also, they banned countries with strong regulating bodies and that left me more skeptical.

On the bright side, they don't take part in well-known scam tactics that other forex mlms do but on the other hand, there are certain loopholes so I’ll leave this one for you to decide.

What's next?

If you want to earn and at the same time, have the peace of mind you need knowing that you are not involved in scams, I suggest that you join my top-recommended program.

You don’t need to be an expert in trading and newbies are definitely welcome!

Create an account now and get all the business tools and support you need to make money online:

Training resources

Webinars to help you start your business online

One-on-one coaching

Comprehensive guide

And many more!

I hope this FBS review has helped you and if you have questions or comments, please feel free to share it below.

FBS review

Overview

The company FBS was founded in 2009 and today it’s among the most popular brokers of the world. The company has managed to become the favorite currency trading solution for many traders around the globe.

Details

broker	FBS
website URL	www.Fbs.Com
founded	2009
headquarters	russia, st. Petersburg, ul. Professor popov, 37
support number	8-800-555-444-2
support types	chat, phone, call back, email
languages	english, japanese, turkish, portuguese, korean, german, etc.
Trading platform	metatrader 4, metatrader 5, webtrader
minimum 1st deposit	$1
bonus	bonus for the first deposit 100%
leverage	1:3000
spread	from 0 points
free demo account	open demo
regulated
regulation	IFSC (№/60/230/TS/17), cysec (№331/17)
account types	standard, cents, micro, unlimited, zero spread, ECN
deposit methods	credit/debit cards, bank transfer, skrill, cashu, OKPAY, RBK money, QIWI, FBS master card, neteller, yandex.Money, ru, webmoney, etc.
Withdrawal methods	credit/debit cards, bank transfer, RBK money, QIWI, FBS master card, neteller, yandex.Money, webmoney, etc.
Number of assets	40+
types of assets	currency, metals, CFD, crypto-currency (bitcoin, ethereum, litecoin, dash)
account currency	USD, EUR
US traders allowed
mobile trading
overall score	9.0/10

Full review

Certainly, as their potential customer, you’d like to learn whether this company’s another fraudster or a serious company, full of impressive features, and which provides a functional trading platform and ensures fast withdrawal of earnings. Your curiosity will be satisfied below.

The FBS brand, which is well-known all over the world today, actually belongs to the organization FBS markets inc., founded in 2009 by combining several successful dealing centers. The broker’s mission can be defined as follows: the creation and implementation of high-quality services in order to maximize the needs of investors. In 2016, more than 2 million traders joined the company. Since that time the number of clients on the platform has drastically grown and the company is still booming. Undoubtedly, in many respects, this speaks to people’s trust in the organization. Today FBS is represented in more than 190 countries around the world. It successfully cooperates with a wide network of partners (approximately 300,000 companies). Up to 7,000,000 traders make use of this platform on a regular basis. The broker works transparently and honestly, and it pays much attention to the professionalism of its employees. One of its indisputable advantages is constant improvement of the services provided. Moreover, the list of available options for trading is lengthened on a regular basis. On FBS’s official website, the broker rightly notes that its platform ensures convenient and easy trading in the foreign exchange market (here you can learn the whole truth about forex).

The company offers a variety of high-quality investment and financial services in europe, asia and the CIS. It has offices in egypt, indonesia, china, malaysia, thailand, etc. The prestigious awards the company has won comments on the internet, including the recommendations of the platform by the clients, testifies to the company’s seriousness liquidity providers as well as custodians of clients’ funds are represented by such serious financial organizations as bank of america, citibank, jpmorgan, goldman sachs, etc. Trading takes place with the help of such reliable and sophisticated software solutions as metatrader 4 and metatrader 5. These platforms have been recognized by traders around the world as the best and most functional because of their excellent functionality. The terminals support the installation of new indicators and advanced trading systems for deep market analysis. They allow the use of pending orders, automatic trading advisers, hedging, scalping, and mobile trading, not to mention the display of the most actual market news. By the way, a convenient trading terminal, webtrader, can be launched in your browser.

Among the advantages of this forex and CFD broker, we note the high speed of execution of orders, the absence of slippage, low spreads and the minimum threshold for entering the market ($1). Additionally, it offers free account insurance. Its clients can receive a plastic card to conduct purchases throughout the world. Different assets (metals, cfds, most popular cryptocurrencies, etc.) are available to the company’s clients. To ensure that trading is a simple and understandable process for users, FBS organizes free seminars for both newcomers and experienced traders, provides high quality materials, profitable forex strategies (learn here how to choose a forex broker), and market analytics. The company has a convenient website, full of useful information. It’s translated into many languages, which makes it more comfortable to work with.

Replenishment and withdrawal of funds

The CFD and forex broker FBS has gained wide popularity in many areas due to a careful and substantial approach to its services. The company has done a lot to make interaction with the site comfortable and profitable. Different payment systems can be used for transactions in the system.

Methods of replenishment /withdrawal of funds include:

Bank transfers (visa/mastercard),

Electronic payment systems (NETELLER, skrill, perfectmoney, OKPAY, astropay, etc.),

Crypto assets (bitcoin, mybitwallet).

The terms of transaction range from 15 minutes to 5 working days, depending on the service that the trader uses.

Complaints about FBS

FBS is a popular broker. It’s actively used by a large number of traders, so you can find a lot of reviews about it on the internet. As for the most positive comments, the clients of the platform note the excellent reputation of the broker, favorable conditions, rapid execution of transactions, the availability of insurance, demo trading, interesting bonuses and contests, as well as adequate spreads, fast and simple withdrawal of earnings without delay (including cryptocurrencies), and qualitative analytical materials.

Some traders recommend the company as one of the best on the market for reliable and stable cooperation with a possibility to earn a decent income. Also, a manager works online on behalf of the organization. He studies the comments of traders and answers their questions, which proves how crucial it is for the broker to be in touch with its clients.

Among the negative aspects, traders point to feedback issues (long wait time for answers from the support service), delays in withdrawal of funds, trade in scalping (slow execution of orders), unprofessional managers and long verification.

If we find complaints about FBS, we will post it on social media. Follow us to be well informed:

Is FBS a scam?

FBS is an impressive international organization with extensive experience. Today it can be rightly called a leading forex/CFD broker. Representation in more than 190 countries of the world, cooperation with more than 7,000,000 traders in asia, europe, russia, etc. – all of this clearly speaks about the fact that investors trust their money to this market leader. The brand has an active position and many prestigious awards. Offering a variety of unique opportunities and favorable conditions to its clients, the organization doesn’t grow stagnant. It proceeds with its mission: to satisfy the needs of investors, constantly develop, improve services and ensure stable and comfortable trading.

Favorable working conditions are the first thing that traders from all over the world notice on this site. Traders enjoy low spreads from 0.2 points, comfortable leverage up to 1: 1000, fast execution of orders, no slippage and a low entry threshold (from $1). For trading, only up-to-date financial instruments are available: forex, CFD and digital coins (learn here how to quickly earn on crypto assets). A well-built service is the next advantage of the company. Traders appreciate the company’s informative website, a large choice of transaction options, professionalism of the support service, materials provided, and relevant market analysis. The training process is also well organized here: the site materials are constantly updated and free seminars are held, which would be useful to any trader regardless of his or her trading experience.

It’s crucial for a leading broker to offer its clients such attractive options as automatic trading, scalping and hedging. For its users the company has come up with the best solutions: the trading process takes place in the time-tested terminals, highly praised by traders around the world (metatrader 4 and metatrader 5). Of course, the FBS broker needs to do everything to ensure that its clients feel secure while working in the market, so the issue of regulation of the organization is of supreme importance. Today the company has been licensed by serious financial bodies (IFSC, cysec), which increases its credibility in the eyes of users and proves that it’s not a fraudster but rather a reliable and trustworthy trading platform.

The company is quite popular with traders. There are a lot of reviews about it on the internet, and most of them are positive (as a rule, traders praise the company’s high reputation and its extensive experience, favorable conditions, high quality services and many useful options). Of course, there are also negative aspects of the platform, which mainly relate to problems with the withdrawal of capital, unprofessional managers, long verification, etc. Do note that a representative of the organization works online, analyzing the comments of the clients. This proves that it’s important for the company to see the real problems that users of the service face. Of course, you’d like to know whether we should regard FBS as another scam or not. Well, having thoroughly studied the capabilities of the platform, today we can confidently say – no! This decision was influenced by the impressive experience of the company, the constantly growing number of customers, a lot of useful options, the presence of regulation, and highly responsive support managers.

Regulation of FBS

The broker belongs to FBS markets inc. (registration number: 119717). It’s important for the company to provide its users with a reliable working platform, so the issue of regulation is taken very seriously. Today FBS has the licenses of the following financial bodies: IFSC (no./60/230/TS/17), cysec (no. 331/17).

Conclusion

Today the forex/CFD broker FBS is the undisputed leader in the market. It’s a trustworthy international organization with a wide range of work experience, many prestigious awards, and an impressive number of clients all over the world. The constantly growing popularity of the broker can be explained by its thoughtful and high-quality service, the provision of really profitable terms of trade, a rich choice of assets, unique options, and its adherence to regulation. Undoubtedly, all of this attracts new customers to the platform.

On the platform traders can work with the most popular financial instruments – crypto assets (here you can read the whole truth about digital coins), forex, CFD – so a decent income is guaranteed. For high-quality work, traders can use the company’s highly informative website, where they can find analytics as well as training materials. Right now we won’t label FBS as a scam, but we’re waiting for feedback from traders about the platform. This feedback might warn investors aboutt various issues, which might show up on the platform in the future and also impact the company’s rating on our web portal.

FBS is scam

Davidnguyen

Recruit

I made a money on FBS. When I'm profitable but they do not want to send money to me.

It's funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

FBS official rep

FBS representative

I made a money on FBS. When I'm profitable but they do not want to send money to me.

It's funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

We would like to clarify the situation here.
First, we would like to draw your attention to the fact that your bespoken account is 50$ bonus account.

Please, kindly be reminded that according to the 50$ bonus promotion conditions:
each client/computer/IP can open only one “bonus 50” account. It is prohibited to work through proxies or using any IP-address modifying software. Opening the second bonus $50 account is impossible even after bonus funds are charged off.
Upon suspecting fraudulent activity on the bonus account, the company reserves the right to deduct the entire bonus amount and profit made with the bonus account without notice. In this case, the decision is beyond contestation.
Unfortunately, it has been found out, that your bonus account has violated the bespoken promotion conditions, that is why your bonus account has been blocked.
Also, we would like to inform you that each account is submitted to a very thorough examination, which includes more that just searching for the matching ips.
However, you are still eligible for our other bonuses, such as the bonus 100% on deposit, for example, where you may receive a 100% bonus of your deposit amount, for every deposit you make.

Thank you for your kind understanding!

Davidnguyen

Recruit

FBS official rep

FBS representative

Can you kindly clarify, what you feel is a lie? I'll be happy to explain.

Davidnguyen

Recruit

FBS official rep

FBS representative

If there is anything else I may help you with, please let me know.

@fxmaster since the client clearly violated the promotional conditions and is unable to provide further information for his case, I ask you to resolve this discussion.

Davidnguyen

Recruit

I have two questions hopefully you will be able to help me:

1- where your policy on the promotion conditions page?
- I only see this reason: "FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;"

2- even my real money account can not be withdrawal

Note: I do not want to give scamer my visa card information

FBS official rep

FBS representative

I have two questions hopefully you will be able to help me:

1- where your policy on the promotion conditions page?
- I only see this reason: "FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;"

2- even my real money account can not be withdrawal

Note: I do not want to give scamer my visa card information

Of course, I will be happy to help.

1. You may view the full list of promotional conditions in your personal area, by following this link: https://my.Fbs.Com/bonus/bonus50 and I am also attaching the screenshots of the conditions. For your convenience, I also highlighted the promotional clause that you violated.

2. In regards to your funds' withdrawal. Please refer to the customer agreement. Https://fbs.Com/docs/agreement_en.Pdf clause 5.2.7 states:

5.2.7. If an account was funded via debit or credit card, a card copy is required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, expiry date and cardholder’s signature.

We would like to remind you, that visa/mastercard is a payment system, that allows only a refund of the deposited funds.
This means that you may withdraw back to your card, up to 100% of the initial deposited amount via credit card.
The amount over the initial deposit (profit) can be withdrawn to other payment system.

Kindly note, that you can cover your CVC/CVV code on the back side of the card, on the back side of your card we need to see only your signature since without it the card is considered invalid.

We hope we have managed to clarify all misunderstandings.
Please let us know if you need additional support.
FBS official

Attachments

4evermaat

2nd lieutenant

This is exactly why ESMA and similar jurisdictions ban or discourage bonuses. They are designed to confuse or trick traders into making deposits and create a confusing environment in which they can issue withdrawals.

Bonus aside, the client should still be entitled with withdraw of all deposits +/- profits or losses. Why some brokers go out of their way to have confusing conditions for their clients is beyond me. But then again, I try to avoid bucketshops.

Edit: why would you accept a deposit without making sure it was fully cleared first? That is AML 101. There should be 0 problems with withdrawal, because all of this information was supposed to be requested upfront.

FBS official rep

FBS representative

We are happy to hear out your opinion on this matter. Though we beg to disagree. Please, kindly take into consideration, that 50$ bonus doesn’t require any deposits. The profit from this bonus can be withdrawn after 2 lots are traded, and profit reaches over $25. Depositing to the bonus account is available, but not obligatory.
Also, all conditions are available for review before opening bonus account, i.E. A client can read them beforehand and decide if they fit his/her criteria or not. Also, we may assure you that we never tried to “confuse conditions” and bespoken condition was from the very beginning of the bonus launching.

As for withdrawal, you are absolutely right - a client should be able to withdraw his/her deposited funds, and as you may see, the customer was not prohibited to withdraw his deposit, we just asked him to provide the documents for security reasons and withdraw to the payment system, which was used for deposit. Again, we beg to disagree with your point of view that the company must request card scans upfront. The company must give notice to the customer, that the documents will be required, and in our case any client can find such notice in the customer agreement. Upon reading which he/she can decide if he/she wants to provide such documents and, therefore, deposit by card or not.

FBS review 2021: why should you not choose the brokerage firm

Overall ratings

Satisfaction

Assests

Margin money

Broker charges

A brief history

This unbiased FBS review 2021 contains all the essential information you required to know before choosing the firm. It is a firm that entirely focuses on its profit maximisation rather than thinking about traders’ interest.

About FBS

FBS is a financial service provider established in the year 2009. The features offered by the broker are not up to mark and limited when compared with other firms. There are certainly many areas which require immense improvements. It includes the high minimum deposit, unrealistic leverage, poor customer support, outdated platforms, limited trading range etc.

The other major setback of the firm is that it has only two physical office locations. It serves its clients from two isolated office locations. Many times, it becomes hard for traders to reach the broker in case of some serious queries. Also, the customer support service of the broker is poor. Both these issues create a huge communication gap between both parties. Isn’t it worthless to opt for such a firm where you cannot contact the concerned parties for your queries?

Is FBS a scam or safe?

There is no information about the regulation and licence of FBS on its official website. Thus, it compels us to think that the broker is scam and unsafe for trading. Also, it does not offer segregated bank accounts, advance safeguard tools and secure encryption technology. So, it is risky to invest with the firm. Think before you make any decision.

Types of trading account

The broker offers four account types, but the minimum deposit associated with each account is beyond normal trader’s reach. The fees are extremely high.

For standard account, the deposit amount is high

For ECN account the minimum deposit is as high as $1000

Zero spread account, the minimum deposit is as high as $500

These amounts are clearly twice/five times/ten times compared to some renowned and advanced brokerage firms. Also, the trading charges charged by FBS does not do justice with the limited service it offers.

Moreover, the broker offers demo trading for a limited period, and it is relatively slow. The islamic account opening requires high charges (high deposit fee plus an additional fee). This additional fee is charged in case you open a trade for more than two days.

Minimum deposit

The minimum deposit accepted by the broker is extremely high and goes as high as $1000. It seems like the broker is more concerned about its profit maximisation keeping the interest and emotions of traders at the side.

Trading fee

Apart from the minimum deposit, you require to pay some high additional charges which include:

1) inactivity fee: you need to pay an inactivity fee (if you are inactive for more than 180 days). This fee is relatively high concerning other brokerage firms. It is $10 per year.

2) overnight fee: the broker charges a high overnight fee on trade, and it varies daily depending on the price at which the market closes.

Spreads and commissions

The broker’s spreads are variable and high. The minimum spread for trade is three pip which is extremely high compared to some renowned firms. Moreover, the financial service provider charges $20 per lot (traded commission) on a zero spread account.

Leverage on trade

From the official website, it is clear that the broker offers leverage of 1:3000. The limit is extremely high and unrealistic, alarming us that the firm is not safe. Also, this limit is far beyond the one fixed by some authentic bodies. The european union has fixed the maximum limit to 1:300. Firms failing to meet this limit falls in the list of unsafe and untrustworthy firms for trading.

Moreover, working on such high leverage can be extremely risky as leverage magnifies your losses.

Tradable assets and markets

FBS is a relatively old brokerage firm. Still, it has not taken any initiative over the years to expand this asset range. The tradable products and markets offered for trading are limited. Thus, the firm fails to offer an extended trading portfolio to its users. Also, stock cfds are not available in the european union.

Deposits and withdrawal

The process of deposit and withdrawal is complex and time-consuming. You need to fill the withdrawal form and wait for your request to proceed. The entire withdrawal takes more than four business days and also requires several charges. Apart from this, the options available are also limited.

Customer support service

The customer support team of the broker is inefficient and offers services in a single language. The response time for answering your queries is high. Many times the team does not receive phone calls, and the live chat option is offline.

Disadvantages of FBS

The broker offers a demo trading account to neophytes for a limited period.

It offers limited trading tools

The number of base currencies is also limited

The broker does not provide service in popular regions including japan, UK, canada, USA, israel and several other countries

High and variable spreads.

Limited tradable assets and markets for trading

The broker offers only two account types for european traders

Untrustorwna and unsafe

Poor customer support

Unrealistic leverage

High minimum deposit

The bottom line

FBS is a relatively old brokerage firm but unfortunately fails in offering quality services. There are various setbacks such as high minimum deposit, poor customer support, unrealistic leverage, outdated platforms and many others that disappoint traders. Also, there is no information about the regulation and licence of the broker. Hence, it is unsafe for trading. You can start your trading journey with other regulated and reliable firms such as hftrading, roinvesting, t1markets, global tradeatf, 101investing.

Trusted FBS forex broker review

You are looking for experiences with forex online broker FBS markets inc.? – then you are exactly right on this page. As traders with more than 7 years of experience in the financial markets, we have examined the provider and share in the following texts and summaries my experience and the results of the test report. Is it really worth investing your money with FBS? – find it out in my trusted broker review.

The official homepage of FBS forex broker

What is FBS? – the forex broker presented

FBS markets is an online forex trading broker and for contracts for difference (cfds), founded in 2009. Since 2009, the company has grown significantly and can boast over 2.5 million active merchants in 2017. The broker is internationally active and also possesses the necessary licenses through the IFSC and cysec (europe).

International clients are accepted by this company. In addition, the FBS got international branches with customer support in more than 20 languages. The biggest customer base is in asia. FBS is very well-known through live events and charity for poor people. The broker is specialized for forex trading, which you can see on the broker’s homepage. FBS tries to give its clients the best conditions for trading currencies. With this broker, you can start trading by any amount of money because the minimum deposit is only 1$.

Facts about the company:

Founded in 2009

International broker

Specialized on forex trading

More than 2.5 million traders and active partners

Charity and sponsor program

Interesting bonus programs

Main customer base is in asia

(risk warning: your capital is at risk)

Regulation and safety of customer funds

When it comes to trade with real money an official regulation of a broker is very important. There are some scam brokers which act without a real regulation to do fraud on the customer’s money. To avoid these practices always look after the regulation of the broker before you start investing real money.

FBS is regulated by the IFSC in belize and the cysec in europe (cyprus). The registration number of belize regulation is 119717 and the license is IFSC/60/230/TS/18. This is an official regulation where the companies headquarters is. You can check it by yourself. The broker only gets this regulation by acting as a serious forex broker. In addition, FBS uses only regulated payment methods for the customer’s transactions. This is also a very important point. In conclusion, it seems to me that FBS is a reliable broker for online trading. It is a regulated company so fraud cannot happen in our opinion.

Regulation:

Regulated by the IFSC in belize

Regulated by the cysec in cyprus (europe)

Only regulated payment methods

What are the conditions for trades at FBS forex broker?

We looked closely at the conditions for traders. At first glance, the provider makes a very good impression on us because he offers many different account models. You can, therefore, adjust your account to the deposit capital and the trading style. The minimum deposit is only 1$ and you have the chance to get a free bonus for your capital.

The spreads depend on the account type and start at -1.0 pips. An account with low spreads usually incurs one commission per lot traded. Overall, you are always cheaper with a commission account in the markets. Again, there is a plus for me. You can try the platform with a free demo account. There are 3 types of different platforms of the broker which we will review later.

FBS markets specializes in forex trading. This is also noticeable in the selection of tradable assets. There are many currency pairs available, but the choice of cfds is rather low. As we recognized the broker tries to increase his offer of tradeable markets. American stocks are added to the portfolio in the past.

Facts of the conditions:

Trade forex, stocks, and commodities

Different account types for any trading style

3 different platforms for any device

Start with only 1$ deposit

Low spreads

Bonus program

The best conditions for traders

High leverage and negative balance protection for FBS traders

In the FBS platform traders can choose different leverage for their accounts. It is possible to get huge leverage of a maximum of 1:3000. In our opinion, it is not useful to use such high leverage but some strategies require it. Sometimes high leverage is very risky, especially if you trade the market news. Some traders fear a negative balance.

FBS offers negative balance protection for its clients. If you make a huge loss you will get stopped out before your balance will be negative. In conclusion, you can trade very safety with FBS even with the high leverage of 1:3000.

(risk warning: your capital is at risk)

Review of the FBS trading platform

Which trading platforms are offered by FBS? – the broker offers the classic and popular trading platform metatrader in version 4/5 and also a web trader. The metatrader software has been widely known among private traders for many years. It belongs, so to speak, to every successful dealer in the equipment.

With the metatrader, you can try out and adopt different strategies. The software offers almost unlimited options. It is available for the smartphone, tablet, browser, and desktop.

Even we have gained good experience with the metatrader. Almost every big broker offers this software. After a short introductory phase, it is easy to use. FBS helps its clients with video tutorials and coaching to understand how to trade successfully. In the following section, we will show you some facts about the platform.

The metatrader is available for any device

Professional charting and analysis

The metatrader offers a huge range of tools for a professional analysis. Choose between different chart types and develop a successful strategy. You can use free indicators on the platform. It is very easy to configure them. In addition, it is possible to download extern tools and integrate them into the software.

For technical analyses, there are drawing tools to analyze the chart. Furthermore, FBS offers everyday new analysis and trading ideas to its clients. Each tool is personally customizable for any strategy. Another big advantage of the software is automatic trading. It is possible to create an automatic system that is running 24/7. The metatrader supports VPS server for a little amount of money per month. In conclusion, metatrader offers all that you need for successful trading.

Facts about the platform:

Available for any device

Free indicators

A huge range of technical tools

Automatic trading possible

Customizable and user-friendly

Mobile trading

How to open your account with FBS

To open an account with FBS is very easy and uncomplicated. The broker only needs some information about your identity to start trading. You can open your real trading account in less than 60 seconds. Start with your email address and a safety keyword.

Free and unlimited demo account

We recommend for beginners who want to try this broker to open a demo account. This is an account with virtual money. You can trade without risk. It is like trading with real money. The demo account is the best way to practice and develop a strategy for beginners. Also, advanced traders can try new markets or methods with it. FBS offers a free and unlimited demo account.

Which account type should I choose with FBS?

FBS offers different account types for forex trading. Each account is for a special purpose. The broker tries to give a trader the best conditions for his capital. There is the opportunity to trade with 1$ or less risk in each trade with the cent account. If you deposit more than 1$ you can get better conditions and lower spreads. In the following section, we will explain the different account models of FBS.

This table will present you the different facts about the account types:

standard	cent	micro	zero spread	ECN
minimum deposit:	100$	1$	5$	500$	1000$
spread:	0.5 pip	1 pip	fixed 3 pip	fixed 0 pip	– 1 pip
leverage:	max. 1:3000	max. 1:1000	max. 1:3000	max. 1:3000	max. 1:500
this account is for:	normal traders with average deposit of 100$	mini account for traders with small deposits	traders who want to have a fix spread	lower fees but higher deposit required	the best conditions for large traders

As you see above in the table FBS offers a different account for different deposit amounts. You can say that if you deposit more money with FBS you get better conditions and lower spreads. On the other hand, it is a huge advantage that they offer accounts for traders with a very small deposit. The contracts are special in the cent account and you can trade with less risk.

(risk warning: your capital is at risk)

Review of the deposit and withdrawal with FBS broker

The deposit and withdrawal of money are as easy as the registration with FBS. The broker offers different payment methods to do your transactions. You can use bank cards or electronic wallets. First of all, we recommend verifying your full identity with FBS before you deposit and start trading with real money. In the dashboard, you will see the instructions. It is very important because the broker only withdraws to verified accounts.

These methods are available for deposit and withdrawal:

Credit cards

Neteller

Skrill

Sticpay

Perfect money

Bitwallet

Local exchangers and bank wire

Cashu

2pay4you

Use different methods for your payments

How long does it take to deposit and withdrawal?

Deposits through electronic methods are working instant. The money is credited directly to your account. The withdrawal can take the maximum time of 48 hours. From my experience withdrawals are made very quickly and in less than 48 hours.

Are there any fees?

FBS does not charge any fees for a deposit on their platform except the payment method “sticpay” with 2,5% + $0,3 commission. For withdrawals, there are some commissions that you have to pay. You can see the commissions direct in your account dashboard. The fee always depends on your payment method.

What can you expect from the FBS forex broker bonus program?

FBS offers a huge bonus program for free. You can activate the bonus in your account dashboard. This is a great advantage compared to other forex brokers. Trades can get additional money for their accounts to trade with higher risk. We have to mention that the bonus depends always on certain conditions.

Before you activate the bonus you should read the conditions. Some traders say that the bonus program is a scam because they do not read the bonus conditions. FBS markets show the conditions very transparent in the dashboard so you can decide if you take the bonus or not. Sometimes it is necessary to open a separate bonus account.

FBS offers a good bonus program

At the moment these bonuses are available:

Trade 100 bonus (get 100$ for free if you trade and make a profit)

Cashback (the broker pays back some commissions to you)

100% bonus on deposit (get additional money)

Conditions:

As mentioned before the conditions are transparently communicated between the broker and the trader. For example, if you get a deposit bonus you have to make a turnover of trading volume on FBS before you can withdraw the money.

Contest and awards for traders

Another big plus for FBS is the free contests and awards for traders. The forex broker offers different contests that have been updated each week. For example, there is a chance to win a car or an iphone X. Personally we like the free demo account contest to win money without risk your own money. The prize fund is like 1000$ or more and the 5 first places winning a certain amount of it.

Support and service for traders

The last point of this FBS review is the support and service for traders. FBS offers phone, email, and chat support for each client. The support is in multi-languages and available 24/7 a week. In addition, every trader gets personal support through an account manager who can help you by frequently asked questions.

Also, we had a closer look at the service for traders. FBS is very present in the asian region. There are events and coachings for new traders. Furthermore, the best traders win prizes and get a big bonus. Webinars and coachings are available on the platform for beginners or advanced traders. In conclusion, FBS is one of the brokers with the best and personal service for its clients.

Facts about the support:

Support 24/7

Phone, email, and chat

Local FBS events

Webinars and coachings

Personal account managers

Countries – FBS accept international trader

FBS is a well known international company. They accept international traders with a few exceptions. The support is available in more than 20 different languages. Most traders are from africa, indonesia, malaysia, india, and the philippines.

These countries are not allowed:

Japan, USA, canada, UK, iran

Conclusion of the review: is FBS a scam forex broker or not?

FBS markets is in our experience and tests a serious forex broker. The broker has international and european licenses, which is why fraud is ruled out. In summary, we can recommend the provider, as he offers to trade in the forex market very cheap. The broker scores points with numerous account types and bonus offers.

The trading platform metatrader is also professional and available in versions 4 and 5. In addition, the support replies very fast in different languages. One of the biggest advantages is that traders can start on a contest to win money or other prizes. Traders without a deposit get the chance to earn money. In conclusion, the service is very good and special to this broker.

FBS Forex Broker is a trusted Forex Broker (Stamp)

The advantages of FBS:

Regulated in belize and in europe

Accept international traders

Different account types for your deposit

High leverage of up to 1:3000

Low spreads and commission

Specialized on forex trading and CFD trading

Bonus program, contests, and events

Reliable support and service

If you are looking for a good and cheap forex broker, then you are right with this provider. (4.5 / 5)

so, let's see, what we have: is FBS a scam? FBS is an international online broker operating out of sketchy places. Think twice before joining. People also lose money & can't withdraw... At fbs trading scam