Fbs scam or legit

But here’s the thing: even if I believe that they’re legit, I’d still not recommend it to you.

Free forex bonuses

FBS Review: Is FBS A Scam? No, But It; s Not Worth It, fbs scam or legit.

Legitimacy doesn’t erase the inherent risk that comes with forex. Get started with your FREE step-by-step beginners course here >>

FBS review: is FBS A scam? No, but it’s not worth it!

If you’re interested in the stock market and foreign exchange as a way to make money online then you’ve probably come across FBS and maybe you’re interested in trying the platform out or still on the fence because you’re unsure if it’s legit or just another scam.

So I did a lot of research and this review is about what I found out about FBS. I suggest you read on to know more about what you’re about to get yourself into. After this review, you’ll be able to make a better judgment about whether to try FBS out or not.

By the end of this review you’ll know:

A background on FBS

How it works

What tools FBS offer

The pros and cons

If it’s A scam

And lots more

FBS review in A nutshell

Product description: international brokerage company

FBS is a forex company that operates in more than 190 countries. It claims to have 410,000 partners and 15,000,000 traders. FBS offers seminars and events that provide training materials and trading technologies. They claim to cater to both beginner and professional traders.

Overall, I’d say FBS is legit but there are a few some red flags you should know about.

Overall

Lots of tools

Cheap capital

No info on who runs it

Doesn't operate in large markets because of legal restrictions

User review

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What is FBS exactly?

FBS prides itself to be an award-winning international forex broker since 2009. FBS started in belize and later on expanded to cyprus then to other parts of the world.

Want more idea about what forex is? Here's a helpful explainer video:

One thing I can tell you is that award committees do not easily give out recognition without doing a lot of research. I must say, FBS passed the legitimacy test with flying colours here.

FBS is also regulated by european financial authorities making them a legitimate forex trading company. (I’ll give you more details about these licenses later on)

Although the claim to be partnering with FC barcelona adds to their credibility, the lack of information on who runs it doesn’t sit well with me. I mean come on, if I join a company, I’d like to know who’s behind it to make sure he’s not just another scammer and that what I’ve read are not just hyped-up claims that will fail to materialise.

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How does FBS work?

First, you make an account by clicking “open live account”. After entering your information, click the “open an account” button. A single mission password will then be emailed to you to verify.

Although FBS offers a total of 6 account types internationally, EU clients are only offered the standard account.

This tells me that the other account offers don’t go in line with EU financial regulations. So to avoid losing their license, they just offered that one account.

Here’s a list of the account types FBS offers:

Cent account – this is designed for tyro traders (beginners) who’d like to try their skills with live trading. This starts with a $1 opening balance.

Micro account – this is designed for traders who want to calculate their exact profit. This starts with a $5 opening balance.

Standard account – this is designed to be the regular account. This starts with a $100 opening balance, for EU clients thought the opening balance is €100.

Zero spread account – this is designed for fast speed traders.

ECN account – this is for traders who want to experience ECN technology.

To test the waters, FBS also offers a:

Demo account – this is designed to allow a trader to simulate the actual trading platforms minus the risks for free. This kind of account is filled with virtual funds of up to one million dollars.

In my opinion, they offer these various trading accounts to cater to the needs of different kinds of traders, so there’s an account for everyone and fewer reasons not to try it out.

FBS is an international company BUT is not available to traders in japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran. That’s a major red flag to me there. These countries have great market potential but FBS is not available for them.

Here’s what I think the reason is:

Japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran have tighter financial regulations and may have already seen this might create issues. The trouble could be in the system itself or in obtaining the necessary licenses.

Whatever the case, I think they are evading these countries for legal restrictions. And I know restrictions are made to prevent fraud.

FBS trading platforms

FBS uses MT4 and MT5, products of metaquotes software corporation, a company that specializes in developing trading systems.

MT4 was developed in 2004 and MT5, its updated version was developed in 2010. The 2 platforms basically look alike. The only difference is that because MT5 is more recent than MT4, so it offers more features.

Both these platforms can be accessed using windows and MAC computers.

How about for other gadgets?

This is also available as an app. That's a big thumbs up for FBS.

They also have an FBS copytrade platform; a social platform that allows traders to copy expert traders’ strategy for a commission. This will be really helpful for those who don’t know all the ins and outs of forex trading.

Other FBS tools

1. Personal area mobile app

It allows a trader to access his demo and real accounts, managing them all in one place. From this app, you can manage your personal profile and add or withdraw funds from those accounts.

Makes things more convenient, great to know!

2. Economic calendar

You can find this at the MT5 platform or on the FBS markets website. It shows the time and date of events that impact the forex market. You can then use this to make analyses and calculated forecasts.

3. Currency converter

This can help a trader who has a different currency from the trading instrument. You can then use this tool to convert currencies based on prevailing rates.

4. Trader’s calculator

This can help you estimate potential profits in a specific trade.

5. Forex news

The news is grouped into categories to help you check when the best time to trade is.

6. Forex TV

Allows you to access weekly marketing insights giving you a better picture of the trading status.

What I like about FBS

What I don’t like about FBS

No info on who runs it

It doesn't operate in large markets because of legal restrictions

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Is FBS A scam?

Although I’ve mentioned a few red flags, I’d still say FBS is legit and here’s why:

FBS market inc. Has the registration number: 119717

IFSC regulates it and gives it the authority to operate with the registration number: IFSC/60/230/TS/19

FBS.Eu is the european branch of the company. Trade stone ltd is its operator, an investment firm in limassol cyprus. Cysec regulates and gives it authority to operate with the registration number: 331/17

As a regulatory directive, FBS keeps the traders’ funds in a different bank account and claims that is it now used for company operations. The good thing with this is even if a broker becomes bankrupt, trader’s investments are safe.

EU clients are protected by the ICF. This means that if FBS collapses, investors can receive up to €20,000 as compensation.

As protection against fraudsters, FBS implemented standard digital security which involves encrypting its website and platforms with SSL.

When a company goes the extra mile to obtain these licenses and security measures, I’d say they’re legit, because if they were not, they’d be behind bars in an instant.

Other than that, they’ve been operating for 11 years, I’d say that much history won’t be possible if they were just scams.

But here’s the thing: even if I believe that they’re legit, I’d still not recommend it to you. Legitimacy doesn’t erase the inherent risk that comes with forex.

The bottom line

Overall I’m pretty impressed with FBS's platforms and history. Plus I put them in the legit list because of the licenses they obtained.

But like what I’ve said earlier, I still won’t recommend it to you.

If I’d give you a bit of advice on how to make money online the legit way, I’d avoid anything that comes with a lot of risk like forex.

As always with these programs, there's a lot of hype around how much you can make, but they don’t say anything about how much you could lose.

The risk warning down at the bottom of the website is just another way of saying there’s no guarantee you can earn from this.

Remember, forex’s last name is risk. Forisk.

A wayyyy better opportunity to make money online is through affiliate marketing.

It’s legit minus the risk forisk comes with. (I’m getting used to that word now!)

With affiliate marketing, you can start from scratch and learn from their training platforms. Not just that, affiliate experts will offer to coach you when needed.

Affiliate marketing also equips you with the tools to build a solid and legit business.

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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.

FBS review – is it a scam or legit broker (2021)

In this FBS review, we are going to take a look at the offer that this broker prepared for its traders. FBS is regulated by the cysec in cyprus. FBS operates on the financial market since 1995. When it comes to trading platforms, the broker features metatrader 5, FBS trader and webtrader. The FBS minimum deposit is 1 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this FBS review

website address:	fbs.Com
operated by:	FBS markets inc.
Licensed and authorised by regulatory bodies:	cysec IFSC
supported languages:	english, german, spanish, french, italian and portuguese
customer support available via:	E-mail, live-chat
contact details:	[email protected],
available deposit methods:	VISA, bitwallet, local exchangers, neteller, perfectmoney, skrill, sticpay
available withdrawal methods:	VISA, bitwallet, local exchangers, neteller, perfectmoney, skrill, sticpay
minimum deposit:	1 USD
min. Trade in lots:	0.01
spreads:	minimal spread on the currency pair EUR/USD - 1,0 pips * on standard account type
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

FBS fees (minimal spreads)

We have scanned fees (minimal spreads) that FBS charges when trading popular currency pairs, here is their breakdown in pips.

*minimal spreads were recorded on 17.01.2020 at 21:21 for the standard account. FBS spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: metisetrade, keytomarkets, spreadco and anzocapital

Frequently asked questions

�� is FBS a scam?

FBS is a broker licensed and regulated by the cysec and IFSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FBS is not a scam, read our trader reviews and check other popular trading related websites and forums.

�� what is the FBS minimum deposit?

In order to start trading with FBS, you have to deposit at least 1 USD.

�� what deposit and withdrawal methods FBS supports?

We don’t have our own personal experience with FBS. However, because the broker is regulated by the cysec and IFSC, there is a high chance that it is not a scam. With that being said, it still does not mean that FBS is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.

Disclaimer/disclosure

All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

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.

✅LEGIT FBS.Com reviews: SCAM or LEGIT?

Kaka135

Emerald member

FBS is a multi award winning international broker with long history of providing high quality trading services for forex (FX) and CFD markets. It is one of the leading forex platform for investors all over the world and it currently provide support to over 190 countries.
The FBS brand which began it service in 2009 actually belong to the FBS market inc, an organization founded by combining several successful dealing centers. FBS has really grown over the years, receiving multiple awards and recognitions and has successfully cooperated with a wide network of around 300,000 companies. About 700,000 traders use FBS platform on a daily basis.

FBS is currently support metatrader 4, metatrader 5 and webtrader trading platforms

Pros:
1. Reputation: they a very well known international broker that have been around for years with numerous awards.
2 easy to use: regardless of the risk involved in forex trading, FBS really makes it easy for beginners to get started on the platform by offering different seminars and a demo account in which user can test their trading skills without any risk involved.
3. Availability of different asset: FBS support trading of over 40 different asset like metals, cfds and even cryptocurrencies.
5. Support multiple deposit and withdrawal methods: FBS support deposit and withdrawal via credit/debit card, bank transfer, neteller, QIWI, skrill, yandex.Money, webmoney and more.
6. Multiple account packages: FBS has a wide variety of packages to suit your need either as a beginner or an experienced trader.
7. Low minimum deposit: it support a low minimum deposit of $1 for the standard account.
8. Mobile trading: it as a mobile client which you can get on your appstore, a better option will be to access FBS via metatrader app available for android and ios.

Cons:
1. Slow support: according to reports, support can be a bit slow and at time unprofessional, this may vary depending on your situation.
2.FBS does not offer it service to the following countries: USA, canada, japan, UK, israel, myanmar and the islamic republic of iran.

Based on my research FBS looks legit and is used by alot of forex traders, one thing i really love about them is the humanitarian service they render e.G they contributed to the reconstruction of damaged roads and houses in indonesia.
I will just advice any beginner who want to try their service to be aware of risk involved in forex trading and also try to give their seminars and demo account a shot before going into full trading.

FBS review – is it a scam or legit broker (2021)

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this FBS review

website address:	fbs.Com
operated by:	FBS markets inc.
Licensed and authorised by regulatory bodies:	cysec IFSC
supported languages:	english, german, spanish, french, italian and portuguese
customer support available via:	E-mail, live-chat
contact details:	[email protected],
available deposit methods:	VISA, bitwallet, local exchangers, neteller, perfectmoney, skrill, sticpay
available withdrawal methods:	VISA, bitwallet, local exchangers, neteller, perfectmoney, skrill, sticpay
minimum deposit:	1 USD
min. Trade in lots:	0.01
spreads:	minimal spread on the currency pair EUR/USD - 1,0 pips * on standard account type
tradable assets:

FBS fees (minimal spreads)

We have scanned fees (minimal spreads) that FBS charges when trading popular currency pairs, here is their breakdown in pips.

Random reviews of competing FX & CFD brokers: metisetrade, keytomarkets, spreadco and anzocapital

Frequently asked questions

�� is FBS a scam?

�� what is the FBS minimum deposit?

In order to start trading with FBS, you have to deposit at least 1 USD.

�� what deposit and withdrawal methods FBS supports?

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Disclaimer/disclosure

FBS – is it scam or safe?

FBS – is it scam or safe?

FBS markets inc. Is licensed and regulated by the international financial services commission of belize – IFSC. The IFSC license allows it to conduct financial services, including forex.

However, there are some posts in forex forums that inform about bad practices related to misleading bonus conditions, fake bonus schemes and slow processing of withdrawals.

So far, we haven’t received any complaints from clients of FBS.Com.

If you feel frustrated by FBS.Com and have something to share with us, please fill in the form below, describing your case:

8 complains

I’ve been trying to make some deposit for two days but still without any success. I tried different ways but still rejected. I tried with an account in neteller opened specially for that purpose. Didt succeed as well. I tried their life chat but their support didn’t answer me correctly. They asked me to use different credit card or to check my bank what happened. I already did these things and made a deposit successfully with another broker. Something is not ok here

Bad services, don’t pay to them. I placed my tak profit but instead of executing it their spread jumped to 120 pips . They manipulate quotes

I tried to withdraw some money just to check how this process works. The amount was symbolic – usd40. There is no sum in my bank account yet and I contacted FBS to see what happened. They told me this could last no more than 3 business days. More than a month passed already and nothing changed. I share this to warn any other victims of scam.

They don’t offer any additional security. Someone has created my account using my email. I succeeded to change my password and to login again. I contacted their live chat to delete this account. They told me they cannot remove my account or the email addresses. I stressed that the name of the account is not mine and I didn’t create it and the money in it is not mine. FBS doesn’t provide account security, there is no customer support service and they refused to delete this fake account. They are rude people and I think they steal money from clients accounts!

I’ve been trying to contact FBS for almost one month but because I don’t have a live account yet they ignored me. Lack of customer support at all. I think FBS are located in some living room… if they don’t answer calls, how will they solve any problems? I wonder if you have any regulation at all…

Stay away! This broker is scammer. The promise bonuses and then don’t give them. All bonuses are bullshit. FBS, if you afraid to give bonuses, why do you offer bonuses? Don’t do that.

I stupidly made an investment of £35,000.00 with umarket capital trade, to trade in binary options trade. Now when I made the the payment, my bank called and advised to be careful, stupidly I carried on and I authorized the £35,000.00 payment. Next morning when I switched on computer and checked things at umarket capital trade, I noticed they have taken another, fee of £750 plus £1000.
This has been taken with no input from me. I have now notified my bank and cancelled my card. Is their anything I can do to claim this money back? Luckily I came across a comment on a recovery website that recommended a funds recovery expert on binary/forex and bitcoin recovery, in the person of mr chris elliot, and i contacted him immediately through his email address and explained my issues with my investment broker to him ,god so kind, him and his team worked relentlessly to recover my funds, and was able to build a case on the scam broker with the informations I provided about my trading experience and my funds refunded back to me within a week interval, i was able to get access to my funds back with his help, I still can’t believe how possible it is to get my invested capital back, including my bonus with the company. I feel obligated to recommend him and his great funds recovery strategy, feel free to reach out to him if you having issues withdrawing your funds, via his email address: [email protected] he will guide you on steps to take and get your funds back.
Goodluck

Is FBS a scam?

FBS is a brokerage company with headquarters in belize. They were founded in 2009 and have been growing ever since. We noticed that they have many faithful clients who have been trading with them for several years now, so we decided to make a little inquiry on what attracts these clients the most. In this “is FBS a scam” analysis you can check out the broker’s security, their support team and the ways you can handle monetary transactions. Keep reading our text and you’ll find out everything you need to know about them!

Is FBS a scam? | regulation and support

The very first thing we want to discuss here in our “is FBS a scam?” analysis is the regulation. As we’ve already mentioned in our FBS review 2017, this broker is regulated by the international financial services commission from belize. This means that FBS has to comply with strict monetary rules, so you can be completely sure that everything they do is completely legit. Since belize is a developing center for international financial services, they’ll definitely provide high-quality regulation and protection.

Apart from that, the broker is subject to the international money laundering abatement and anti-terrorist financing and regulations based on that legislation. These regulations minimize the chances of money laundering activities, which is another proof of the fact that FBS really is legit.

Although we presume that you won’t be needing too much help from the broker’s support team, we’d like to emphasize that they are a reliable partner. There are various ways you can contact them and the easiest one is to ask a question on FBS live chat. We’ve tried this many times and they always answered us in a matter of seconds. If there’s a more complicated issue that needs to be resolved, you can always send an email.

Is FBS a scam? | monetary transactions and accounts

The way monetary transactions work on this website is also something you should definitely be aware of when it comes to choosing your broker. This is something most people think of when they ask is FBS a scam. Fortunately, the broker has done everything to make these processes as simple as possible. You can make your deposit in just a few moments using many different methods. You can choose between credit and debit cards, e-wallets and many local payment options. We’ve tested all of these options out and can conclude that all of them work perfectly. The same goes for withdrawals – you can reach your money in just a few clicks. As for the accounts, you can choose between several of them. The most basic package costs only 1 USD, so we can say that FBS allows literally everyone to start their business career. We’re sure you’ll find an account that’ll have everything you need because no matter where you look you will find absolutely no traces of FBS scam, only quality service.

Is FBS a scam? | conclusion

We are very happy to say that the answer to the question “is FBS a scam?” is definitely no. When you open an account with this company you can just relax and trade – they’ll do the rest. They are a regulated broker with an exceptional support team and wide variety of accounts you can choose between which allow you to start trading for only 1 USD. With all that in mind, we think you should definitely choose FBS as your broker!

Fbs.Com review

Check if fbs.Com is scam or safe

This report can help you determine if fbs.Com is a legit website.

Last updated 5 months ago.

Potentially safe

The site has a good online reputation.

Check fbs.Com trusworthiness on WOT (web of trust):

This site has a good (60/100) trustworthiness score.

Web of trust is a web service used by millions of internet users to rank the safety of websites.

I would personally not trust a website that has a low trustworthiness on WOT.

You can find the following links useful to improve WOT reputation:

Check if fbs.Com is classified as malware on safe browsing:

This site is not currently listed as suspicious.

Google safe browsing is a service created by google inc. To identify malicious websites.

If the site is detected by safe browsing I would personally not visit it.

Check fbs.Com through multiple third-party security services.

This should help you to better identify scam, phishing and malware websites.

If the site is detected by at least one engine it may be a threat.

Check fbs.Com domain with our database of "scam" words:

No suspicious words found in the domain name.

A legit shopping website should not use a branded name (i.E. Rayban) in the domain name.

Only the original manufacturer (i.E. Rayban) should use its brand name in the domain name.

This option should help identify potentially fake online shopping sites.

Check if fbs.Com uses a valid HTTPS secure connection:

This site uses an HTTPS secure connection.

An HTTPS secure (encrypted) connection is recommended for online shops and e-commerce websites.

So when you submit sensitive information they are securely transmitted over HTTPS.

I would never enter my credit card details in a non-HTTPS website.

Check if fbs.Com is popular among internet users:

This site has a very good online popularity.

Fbs.Com is ranked #8,073 among millions of websites according to alexa rank.

An alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic.

The more alexa rank is low (but > 0) the more the website is popular.

Check when fbs.Com domain name was first registered:

The domain name was registered 26 years ago.

A domain created less than 3 months ago is considered new and thus potentially suspicious.

We may not have enough details to judge a website created only a few months ago.

Pay attention if you plan to buy goods from a "young" e-commerce website.

Check if the domain name has a commonly abused TLD:

The domain name has a commonly used TLD.

I would not buy goods from a domain that ends with .XYZ or .CLUB or .TOP.

We check the domain extension (TLD) to see if it is related to commonly abused tlds.

Many scam websites have domains that end with uncommon and cheap tlds.

This additional check should help you make the right choice.

Before buy something from a new site:

1) check if the site has a "contact us" web page

2) avoid online shops that use free email providers (i.E hotmail, gmail)

3) check if the site shows info about its company (name, address, country)

4) check if the site has an "about us" or "company" web page

5) check if the site has a valid VAT or partita IVA number (EU only)

6) don't be fooled by low prices, if it looks too good to be true, pay attention

7) check if the site has a social profile (facebook, twitter, instagram)

8) try to always first contact the website owner via email

9) analyze the domain WHOIS data to find info about the site owner

10) look for possible english (or other language) grammar errors

11) do not pay via credit-card, use paypal instead (easier to get refunds)

12) verify that the website is certified by mcafee SECURE

13) never enter sensitive information on non-HTTPS pages

Please write useful comments by including proofs:

so, let's see, what was the most valuable thing of this article: find out if FBS is A scam or not by checking out this review. By the time you're done reading you'll know the answer and A lot more about forex at fbs scam or legit