Fbs markets scam

FBS offers more than excellent customer support which is available 24/5. You can reach the customer support by phone or even request a call back from their website.

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You can also send them an email if you have a question or want clarification of anything regarding their services. One good thing amount the website is that it’s available in several different languages including chinese, arabic, english, malay, indonesian, thai, korean, portuguese, french, japanese, etc. FBS deposit/withdrawals

Best forex broker

$100 no-deposit bonus, 100% deposit bonus, lucky T-shirt, A lot of apples (iphone X)

FBS markets inc.

Online since 2009

Spread from 0 pips

Leverage up to 1:3000

5 digit (5 decimal pricing)

Metatrader 4 & 5 platform

Regulation: cysec, IFSC

Scalping, hedging, EA robot, news trading allowed

Free swap & commission

Payment options : bank wire transfer, local banks, local exchangers, visa, mastercard, fasapay, webmoney, skrill, perfect money, DIXIPAY, china union pay, qiwi, neteller, cashu, egopay, OKPAY, RBK money, paysbuy, liqpay, moneta.Ru, yandex.Money

FBS markets inc. Info

name	FBS markets inc.
Website URL	www.Fbs.Com
established	2009
location	belize
minimum deposit	$1
regulation	cysec, IFSC
spread	from 0 pips
leverage	up to 3000:1
trading platform	metatrader 4 & MT5 platform
deposit/withdrawal options	bank wire transfer, local banks, local exchangers, visa, mastercard, fasapay, webmoney, skrill, perfect money, DIXIPAY, china union pay, qiwi, neteller, cashu, egopay, OKPAY, RBK money, paysbuy, liqpay, moneta.Ru, yandex.Money

FBS is an international forex broker owned and operated by FBS markets inc, which is located in belmopan, belize. It’s one of the world’s most popular brokers that provides top quality investment and financial services in different parts of the world. FBS has offices in several asian countries including china, malaysia, thailand, and kuala lumpur. FBS has a great site with a lot of useful information and excellent customer service. The minimum amount you can deposit is 1 USD in a cent account, which makes the broker a good option for beginners on a budget.

FBS trading accounts, spreads, and leverage

FBS offers several different trading accounts which are:

1. Cent account: this is the perfect account for forex beginners as it allows clients to gain experience without risking a lot. The minimum amount you can deposit is 1 USD, and leverage is 1:1000. The floating spreads in this account start at 1 pip, and the minimum order volume is 0.01.

2. Micro account: with this account, the minimum amount you can deposit is 5 USD. The leverage is 1:3000 and the spreads start from 3 pips. Traders trading at micro account enjoy STP trading.

3. Standard account: once a trader has completed the beginner stage, he or she can move onto this account. It’s better suited for more experienced traders who’re ready to test their strategies. Standard account mainly focuses on increasing profits while reducing risks. The minimum amount you can deposit is 100 US, and has 1:3000 leverage and spreads which start from 0.9 pips.

4. Zero spread account: the minimum amount you can deposit for zero spread account is 500 USD, hence better suited for more serious and professional traders. As the name suggests, you can execute spreads trades with no spreads meaning that you can familiarize more with market conditions and how they impact trades. Zero spread account charges a commission of 30 USD per lot.

5. Unlimited account: this account is different from the other accounts as it’s an ECN account. It’s an option that is closest to the real market trading condition as it offers a lot of freedom for action and many possibilities for serious, professional traders. The fixed spreads start from 0 pip while the floating spreads start from -1 pips. The minimum amount you can deposit is 500 USD.

CLICK HERE TO OPEN ACCOUNT with FBS markets inc.

Once you’ve funded your account with 10,000 USD and traded fifty lots, you have the privilege of becoming a VIP client at FBS, which of course comes with its advantages such as VIP gifts, deposit request, and a VIP certificate. Apart from these live trading accounts, FBS also offers demo accounts, where you can practice forex trading without making any deposits.

FBS regulations

FBS is regulated by the IFSC or international financial services commission, and its license number is IFSC/60/230/TS/17 and regulated by cysec with license number: 331/17, cysec company registration number: 353534. While IFCS may not be as popular as the financial conduct authority of the UK, it’s the government agency that’s responsible for regulating all the financial activities in belize.

Trading platforms

To make sure that their investors can enjoy stress-free trading, this broker has provided them with two reliable and well-known forex trading platforms; the metatrader 4 (MT4) and the metatrader 5 (MT5). Both of these platforms are offered as web, desktop as well as mobile versions.

Metatrader 4 or MT4 is the most popular trading platform that comes with advanced chartingtools, a dozen of technical indicators, several expert advisors and extensive back-testing environment. It’s preferred by most forex investors because it allows them to automate their traders.

The metatrader 5 is an MT trading platform, which comes with allthe benefits of the metatrader 4 but it’s designed to deliver higher efficiency. It features an improved script, expert advisor and more technical indicators. In, short, we can say that MT5 is an improved version of MT4.

FBS deposit/withdrawals

You can fund your FBS account in a variety of ways such as credit cards, bank wires, neteller, webmoney, etc. FBS also offers a number of payment methods including skrill, neteller, perfect money, bank wire, zaw forex service and much more.

Customer support

FBS offers more than excellent customer support which is available 24/5. You can reach the customer support by phone or even request a call back from their website. You can also send them an email if you have a question or want clarification of anything regarding their services. One good thing amount the website is that it’s available in several different languages including chinese, arabic, english, malay, indonesian, thai, korean, portuguese, french, japanese, etc.

To wrap up, we can say FBS is a reputable and reliable forex broker for both beginners and professional traders. It has excellent customer support and with tons of useful information on their website which can be helpful especially to beginners.

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 markets review

FBS is a global forex broker that is owned and operated by FBS MARKETS INC. They are located at; no. 1 orchid garden street, belmopan, belize. Their contact phone numbers in thailand is: 081-429-5264, and customer support email is: [email protected] .

For common complaints about brokers, read this.

FBS forex review

Investors trading at FBS have access to the metatrader 4 & metatrader 5 trading platforms, in both the desktop and web trader versions. For mobile trading, investors can use the MT4 & MT5 mobile apps for android & ios. They offer a wide variety of assets for CFD trading including; 50 forex pairs / commodities (platinum, gold, silver and oil), crypto currencies like bitcoin, dash and ethereum, agriculture (coffee, sugar, corn) market indices and more.

FBS caters to investors all over the world, and they have 19 local websites for different countries and languages. There are six different account types you can choose from, with the minimum deposit starting at $1, and going up to $1,000 for an ECN account.

FBS markets forex trading account types

FBS license & regulation

When reviewing a new forex broker to see if they are a legitimate broker or a scam, the first item we look for a valid brokerage firms license. All countries have their own regulatory agency that issues licenses to online brokers. Most large forex brokers are licensed by the FCA in united kingdom or ASIC in australia.

FBS MARKETS INC is licensed in the country of belize, with licence number: IFSC/60/230/TS/17.

In certain countries like japan, FBS is owned and operated by; parallax incorporated, cedar hill crest, villa, kingstown, st. Vincent and the grenadines, VC0100.

Bonus offers

If you like bonuses and promotions you will find an endless supply of them at this broker. They have available; traders parties, drive lexus, welcome bonus $123, 100% deposit bonus, cashback, lucky T-shirt, A lot of apples, leverage 1:3000, bonus partner’s +$500.

Make sure you understand the terms & conditions attached to all bonuses, or you will end up having complaints, see here.

Compare FBS forex brokers

Searching for a new forex broker is a hard and tedious process, so check out these 2 broker and compare them.

Fortrade is the fastest growing CFD broker in 2019. They are a legit broker that is licensed in australia and england, see here.

Trade forex, cfds, stocks and metals with honest broker

For newbies, risks are 100 times lower

Highest honest leverage on market

Wide payment systems geography

Feel free to choose any account type you like!

For experienced market players making their way to forex heights

Perfectly suits those who are just starting on their way to success on forex

Ideal for those who want to calculate their profit precisely

Designed for those who prefer trading at the fastest speed

For those who want to feel the full power of trading with ECN technologies

To grow your confidence, train your trading skills on a demo account.

Deposit with your local payment systems

Be armed with the latest news

Improvements in the conditions of U.S. Stock trading

FBS copytrade removes the $500 limit for copying PRO traders

FBS 12 years: big time! Big money!

Will earnings boost google amid stock turmoil?

Pfizer: a controversial outlook

EUR/USD: consolidates above key pivot point area

Will the pound get a boost?

Will the RBA support the AUD?

War for gamestop between reddit and wall street

Contact us

Zopim

Wechat

Fb-msg

Viber

Line

The website is operated by FBS markets inc.; registration no. 119717; FBS markets inc is regulated by IFSC, license IFSC/000102/124; address: 2118, guava street, belize belama phase 1, belize

The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “accept” button, you agree to our privacy policy.

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.

And you can test the waters out for free. If you want to know more about affiliate marketing, check out this link.

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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.

What is FBS and is forex trading FBS a scam?

Following the series of articles about a scam or suspected scam projects in the cryptocurrency market, azcoin news will share about FBS, an MLM project with many doubts about transparency.

What is FBS?

FBS stands for financial brokerage services, is an asian forex broker with offices in china, malaysia, philippines, indonesia, jordan, vietnam, and russia.

FBS initially operated in russia and started trading foreign exchange in 2009. The company claims it has more than 700,000 customers, spread from 120 countries worldwide.

what-is-fbs-and-is-forex-trading-fbs-a-scam2

FBS is a broker company that gives you chances to access to a trading platform called foreign exchange or shortly

A factual FBS review for retail forex traders

FBS’s regulation is not one of the company’s advantages as most reliable brokers are regulated by institutions such as CFTC, NFA, FCA, ASIC, and cysec. Moreover, FBS does not provide information about the owner or operator of the company on their website.

The company did not disclose a series of affiliated companies such as:

FBS inc. In the marshall islands

FBS markets inc. In belize

HDC technologies ltd in cyprus

All three shell companies operate in fraudulent friendly jurisdictions, with little or no strict regulation for MLM companies.

FBS seems to have a close relationship with india, which contributes 59% of traffic to the FBS website. Egypt is the second-largest source of traffic, at 4%.

The FBS website domain name (fbs.Com) was first registered in 1995. However, the current registration details have been changed to privacy. Besides, FBS excluded their domain from the wayback machine. This inadvertently makes it difficult to find out its current owner. Moreover, when searching, azcoin news noticed that the date of FBS’s domain name registration was last updated in july 2018. However, on their facebook account, FBS claimed to have debuted in 2009. Also, in the official youtube upload video, the FBS launch date began again in 2012.

As always, if an MLM company doesn’t openly answer who is operating or owning it, think carefully about your decision to join or give them any investment.

FBS products

They offer multi-tier trading accounts:

Cent: suitable for investors who are just starting on their way to success on forex, minimum $ 1 deposit.

Micro: suitable for those who want to calculate their profit individually, a minimum $ 5 deposit.

Standard: suitable for experienced market players making their way to forex heights, minimum $ 100 deposit.

Zero spread: suitable for those who prefer trading at the fastest speed, minimum $ 500 deposit.

ECN: suitable for those who want to feel the full power of trading with ECN technologies, minimum $ 1000 deposit.

what-is-fbs-and-is-forex-trading-fbs-a-scam3

One of the main reasons traders choose FBS is because of the shallow barrier to entry in the market because the minimum deposit required for an FBS account is $ 1. The maximum leverage offered is different for account types because cent accounts have a maximum leverage ratio of 1: 1000, and micro accounts have a maximum leverage ratio of 1: 3000.

FBS uses the MT4 and MT5 trading platforms to access the FX market on both desktop and mobile devices. FBS trading platforms are connected to high-speed servers, and the company has adjusted the platform a bit to provide the best trading results. FBS mobile platforms are available as MT4 applications that can be downloaded on itunes and google play stores, while traders can also use MT4 web trader for trading related requests. Browser.

FBS compensation plan

FBS refers to its affiliates as user partners. FBS partners earn commissions for trading activities of recruited affiliates.

Transaction commissions are paid down to three levels of employment (not yet available):

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

Level 2: 15%

Level 3: 5%

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

Conclusion

At the moment, except for the issues mentioned above, azcoin news has not noticed any signs of FBS’s collapse. The MLM side of the business is also reliable and paid only for trading activities. However, we are still not sure how they can get a total of 120% commission to pay for the lots traded. Even if you take into account brokerage fees, how will they pay 120% commission for the lots traded?

And that’s just the tip of the FBS iceberg. That’s not to mention we still don’t know who is running the program. Maybe someone from india (or malaysia), but who knows? In addition, shell companies are registered in non-transparent jurisdictions. Cyprus, belize, and the marshal islands are all countries we should stay away from when learning about any MLM company – let alone all three.

Finally, the most suspicious is the FSB’s announcement:

“the service is not provided in the following countries: japan, USA, canada, UK, malaysia, israel, myanmar, brazil, and the islamic republic of iran.”

Japan, the USA, canada, and the UK are the four countries with the most critical trading markets on the planet. And also the four states with the strictest regulatory frameworks. So, why did the FSB decide not to work here? Why do they not want to be regulated?

And despite the prohibition above, FBS operates in malaysia through a separate website:

what-is-fbs-and-is-forex-trading-fbs-a-scam

I don’t know what the inside of the story is, but that is just another tricky aspect to the business. And malaysia has also been removed from banned countries at the bottom of FBS’s website in malaysia.

All of this undermines the legality presented by FBS. There are so many red flags that even if everything is on the trading side, it’s too much to ignore.

Is FBS a scam?

In 2009, FBS first appeared on the international market. An unknown mini forex-broker at the time, the company kept continuously developing every year, which saw them win numerous prizes and recognitions from their peers, market experts and traders alike. Because of their wise policy, the company is now one of the most respected brokers in the world and for most traders there is no need to ask is FBS a scam or legit. However, given that this industry is growing every day, there are people who are new to this type of trading, so for them we are going to take a look at how things are done on this website. Read on to see online security at its best!

The site works perfectly

No matter where you turn on this website, you will always have plenty of options, something we demonstrated in our FBS review 2017. This is especially the case when you take a look at the payment methods you can use. Wire transfers, credit and debit cards, online payment systems – everything is covered and everything works perfectly. We tested every payment method ourselves and there were never any problems. The same can be said for the trading process because all relevant information is readily available and regularly updated. The trading platforms function perfectly and execute your orders smoothly, so there will never be any technical difficulties. The support crew is reliable as well, but the best way to see is FBS a scam is in the next paragraph. Stay with us!

Fully regulated

Yes, if there’s one thing that can tell you immediately whether or not a broker is reliable it’s a license. Fortunately, FSB is regulated by IFSC, a well-know regulatory body from belize. The license number is IFSC/000102/124, so you can easily check things out online if you need further convincing. It also has a license from cysec (number 331/17), so there really shouldn’t be much doubt about their reliability.

Given that this company operates pretty much all over the world, we have to say that they adhere to the same standards in every country, no matter where you’re trading from. One such standard is SSL encryption of all your personal data, which means that nobody except you is able to access that information. Not even the broker has that kind of power. As you can see, there really is no reason to worry about any kind of FBS fraud. This is a fully regulated and legit broker.

Conclusion

So is FBS a scam? We honestly think that it’s not. They are a regulated company that has been around for quite a long time and their website checks out no matter how you look at it. The payment methods work perfectly, your trading environment is superb and the support team is always there to help you out. The security is the same no matter where you’re trading from, be it philippines, japan or europe. We see no good reason not to open an account here if you get the chance because that way you will get a very reliable partner. Join them now and you will be enjoying your trading experience in no time.

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.

So, let's see, what we have: is FBS markets inc. A scam or legit? Read in-depth review about trading accounts, spreads, leverage, trading platforms and payment options for deposit or withdrawal of FBS forex broker. At fbs markets scam