Is fbs trading legit

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

Best forex bonuses

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

No info on who runs it
Doesn't operate in large markets because of legal restrictions

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

Wanna make money online but sick of scams?

Here's my top recommended training >>

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.

Sick and tired of hyped-up claims?

Discover a scam-free way to make money online instead >>

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

Wanna make money anywhere in the world?

Get started with your FREE step-by-step beginners course here >>

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.

And if you want to start building your business, discover how wealthy affiliate can help you with that.

How I make A living online?

After years of working in call centres I finally figured out how to create a 5-figure monthly passive income stream and become financially free.

Thanks to the right training and a lot of hard work I kissed my old boss goodbye and booked a one way ticket to thailand.

So if you're serious about building a thriving online business, click here for the exact step-by-step formula I follow.

A factual FBS review for retail forex traders

Website: www.Fbs.Com

Myanmar: +951 651135
philippines: +632.632.7634
tunisia: +216 52 925 626

Office address:

No. 414, 9th street, thamine (1) ward,

Mayangone township,

Yangon

FBS, or financial brokerage services, is predominantly an asian forex broker that has its offices in china, malaysia, philippines, indonesia, jordan, vietnam, and russia. The IFSC in belize is the primary regulatory organization that regulates all the financial components of the company. FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as the CFTC, NFA, FCA, ASIC, and cysec. Belize is a tax haven, and the regulatory guidelines of IFSC are still under debate as to whether it can be compared to the more established and highly reputed international regulatory organizations.
FBS was initially based out of russia and started its FX operations in 2009. The broker claims to have more than 700,000 clients from 120 different countries across the world. Although that might be an accurate representation of the reach of the broker by modern standards, the reality lies in the fact that the broker does not have any traders from the US, and the lack of EU regulation also prevents the broker from actively promoting their services in the euro zone. However, despite all the confusion surrounding the regulatory status, the broker has indeed managed to receive numerous awards and recognitions for their services. The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.

FBS trading account features at A glance

Minimum deposit of $1

Maximum FBS leverage of 1:3000

Five different types of accounts

FBS spreads starting from 0 pip

ECN account offered with tight spreads and a commission per lot

Full range of payment options

Trading instruments include 32 currencies and two metals

MT4 & MT5 trading platform

One the main reasons why traders choose FBS is due to the very low barrier to enter the markets, as the minimum deposit required for an FBS account is $1. There are two types of accounts available for smaller traders, which include the cent and the micro accounts. The cent account starts at $1 deposit, while the micro account starts at $5 deposit. The cent account also has very tight spreads starting from 1 pip, and the micro account has fixed spreads starting from 3 pips. The maximum leverage offered is different for both accounts, as the cent account has a maximum leverage of 1:1000 and the micro account has a maximum leverage of 1:3000.

The cent account is certainly the more attractive proposition here due to the reduced cost of trading, as on the contrary, the micro account spread of 3 pips is immensely higher than the average micro account. Traders with a higher deposit of $100 can take advantage of a standard account that has all the features of the micro account albeit with tighter spreads of 1 pip.

The ECN account is offered as a zero spread account, which allows traders to enjoy up to 0 pips in spreads at the cost of a commission of $20 per lot. The minimum deposit required for the ECN account is $500, while the leverage is set at a maximum of 1:3000. The final type of trading account is the unlimited account that is usually reserved for institutional and professional traders, which offers a maximum leverage of 1:500 along with floating spreads starting from 0.2 pips. There is no commission for the unlimited account, and the initial deposit starts from $500. The unlimited account is the best type of FBS account due to its favorable trading conditions, lower cost of trading, comparatively lower leverage, and high speed of trade execution.
FBS utilizes the MT4 and MT5 trading platforms for accessing the FX markets on both desktop and mobile devices. The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results. The FBS mobile platforms are available as downloadable MT4 apps on the itunes and google play stores, while traders can also use the MT4 web trader for browser-related trading requirements.

How does FBS treat their clients?

FBS customer support is available in 18 different languages and is designed to offer the most comprehensive support to clients from a majority of asian, european, and middle eastern clients. The live chat feature is an excellent feature to get immediate assistance, and official correspondence can be made through emails or phone calls.
Unlimited account holders also enjoy SWAP-free accounts, which is a great feature for long-term traders who hold on to overnight trades. FBS account can help in reducing the cost of trading to a great extent, which is indeed one of the most significant advantages of FBS.
One of the other perceived benefits of FBS is the availability of a 100% deposit bonus, which is offered for all traders opening a new account making their first deposit. The FBS bonus is certainly not preferred, as a majority of negative FBS reviews are due to the conflicts arising between traders and FBS over withdrawal issues. Brokers only offer a bonus if traders are willing to accept their terms and conditions, and it is often difficult to satisfy these trading conditions before making a withdrawal of the initial invested amount.
The maximum leverage also plays negatively to the company’s strength, the 1:3000 leverage is indeed the highest offered by any broker in the industry. Novice and even experienced traders are susceptible to the risks of higher leverage, as a huge margin of 1:3000 can wipe out the investment with just a 3 pip move. Considering that the starting spread for the micro account is 3 pips, it is easy to understand how a trader can face a margin call for initial deposits as low as $5. The high leverage is also another factor that contributes to the overall negative image of the company.
On the other hand, if used wisely, both leverage, as well as lower spreads, can work remarkably in the trader’s favor. Profitable FX trading is dependent on striking the perfect balance between all the different tools of the trade, and if done carefully, FBS offers the best resources for making consistent profits in the forex markets.

Is FBS regulated?

Yes, our review of FBS found that the broker is regulated and licensed by cysec, which ensures regular reporting, transparency, and fairness for EU clients. For those trading outside the EU, it is regulated by the international financial services commission of belize (IFSC).

Can you withdraw FBS bonus?

Yes, if you are trading from a country that allows a bonus from FBS, it can be withdrawn after two lots are traded and profit reaches $25. To withdraw, proper account registration and verification is required too. This means supplying FBS with proof of identification and address.

What is FBS account?

FBS offers two live trading accounts (standard and cent) and two demo account types (standard and cent). There are zero commissions on trades, leverage of up to 1:30, and spread starting from 1 pip. Standard accounts are available with a €100 initial deposit, whilst cent accounts start from €10. Swap-free accounts are also available.

How long does FBS withdrawal take?

Withdrawal times at FBS depend on which method you are using to receive your funds. All withdrawals are processed by the broker within 48 hours on business days. E-wallet and crypto transfers are processed within minutes, whilst wire transfers can take up to 48 hours.

What is the minimum deposit on FBS?

Minimum deposit limits at FBS depend on the account type you have selected. For international clients, there is a micro account that allows deposits from $1. For european clients, the lowest entry point is the cent account at €10. Standard accounts require a minimum deposit of €100.

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 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.

A factual FBS review for retail forex traders

Website: www.Fbs.Com

Myanmar: +951 651135
philippines: +632.632.7634
tunisia: +216 52 925 626

Office address:

No. 414, 9th street, thamine (1) ward,

Mayangone township,

Yangon

FBS trading account features at A glance

Minimum deposit of $1

Maximum FBS leverage of 1:3000

Five different types of accounts

FBS spreads starting from 0 pip

ECN account offered with tight spreads and a commission per lot

Full range of payment options

Trading instruments include 32 currencies and two metals

MT4 & MT5 trading platform

How does FBS treat their clients?

Is FBS regulated?

Can you withdraw FBS bonus?

What is FBS account?

How long does FBS withdrawal take?

What is the minimum deposit on FBS?

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

Read our FBS review and learn more about this award winning broker

In the world of forex trading, there are so many options when it comes to picking a broker. However, if you find yourself picking the wrong one it can be a decision that weighs very heavy on your bank balance. A good place to start is by reading some forex broker reviews, so you’re already on the right path because you’ve found your way here.There are a number of things to bear in mind when making your decision and you’ll find we cover most of them in our honest reviews. We are going to be looking at an award winning broker known as FBS, and after reading all the important details you’ll soon appreciate why they have received so many accolades.

$123gifted for a start

Max leverage:1:3000

Spread:1

Forex licence:IFSC

A brief introduction to FBS

FBS introduced itself to the world of forex trading in 2009, and now enjoys a presence in more than 120 countries with a customer base of more than 700,000 traders. And from the very beginning awards have been coming in left right and center. For example, in 2010 FBS received an award or best mini forex-broker; in 2012 it was named as the fastest growing broker in asia; in 2013 it received best broker in asia, and the awards were still coming in 2015. The activities of FBS are regulated by the international financial services commission, and while this may not be the FCA, bafin or cysec it is still a trustworthy regulator. FBS is owned by FBS markets company that has offices in a number of asian cities.

FBS has chosen metatrader 4 as its trading platform

A number of top forex brokers choose MT4 for their trading platform, and it comes as no surprise that FBS has done the same. It performs equally well for all operating systems including windows, MAC, android, and ios. There is no need for a download and automated trading is supported. It is one of the most functional trading platforms currently available and comes complete with a number of distinctive features. And for those of you who are keen to use the upgrade to this popular software, FBS now offer metatrader 5.

Five different account types to suit a range of different traders

FBS offer five different account types, each with their own special requirements and benefits. From traders who prefer to keep risks to a minimum right up to those who are ready to invest big and trade in large volume, all are catered for. Including those who much prefer to risk no money at all and get in some practice with virtual money.
Cent account

Minimum deposit $1

Floating spreads from 1 pip

No commission

Leverage up to 1000:1

Maximum of 50 open positions and pending orders

Micro account

Minimum deposit $5

Floating spreads from 3 pip

No commission

Leverage up to 3000:1

Maximum 100 open positions and pending orders

Standard account

Minimum deposit $100

Floating spread from 1 pip

No commission

Leverage up to 3000:1

Maximum 100 open positions and pending orders

Zero spread account

Minimum deposit $500

Floating spread from 0 pip

Commission from $20 per lot

Leverage up to 3000:1

Maximum 100 open positions and pending orders

Unlimited account

Minimum deposit $500

Floating spread from 0.2 pip

No commission

Leverage up to 500:1

No trading limits

All the above accounts have access to 3 currency pairs and 2 metals, and all support swap-free trading with the option of free funds insurance. In addition, there is the opportunity to become a VIP client if an account is funded with $10,000 and 50 lots are traded. VIP status entitles traders to priority processing of deposits and withdrawals, consultations with a personal account manager who speaks your mother tongue. VIP gifts and a certificate.
A number of payment methods are supported including visa and mastercard, neteller, skrill, webmoney and a number of other local methods. Skrill and yuupay are the only methods that incur additional charges and many payment methods are processed immediately.

FBS are celebrating the 2016 olympics with some great giveaways

It seems that the 2016 olympics are being seen as a great excuse to give away lots of prizes. For example:

Olympic giveaway with more than 300 unique gifts

Prize fund of $1000 for demo account traders who make the most virtual profit

Money prize for traders who send in a photo of them wearing their FBS t-shirt

And these are on top of the bonuses and promotions already being offered by FBS. There is a 100% deposit bonus, a $123 bonus, cashback, FBS lucky T-shirt, and the gift of an iphone 5s plus.

Educational material is limited but it hasn’t been forgotten

There are the standard offerings of market analysis and calculators as well as an economic calendar, but there are no online tutorials, webinars, videos, or ebooks, however, if you can make it to one of the venues there are some real life seminars available to participate in. We happen to miss the usual fare of training material, and many beginners are sure to be disappointed.
Customer service is more than adequate with an FBS representative available on several international numbers, but mostly these seem to be in asia. There is also an email support address, as well as a live chat option. Although the live chat option is only available in english.
FBS is a reputable broker that has received numerous awards, although these are mostly for its endeavors in asia. Customer feedback is very positive so they must be doing something right. One thing, however, that makes them unique is their ‘breakeven trading’ insurance scheme. We haven’t come across anyone else allowing traders to insure deposits, which if lost during trading FBS guarantee to pay you back. If you like the sound of this or any other of their features you can try them out risk-free by opening a demo account.

Company	FBS markets inc.
Website	https://fbs.Com/
headquarters	belize
established	2009
languages	english, spanish, lithuanian, portuguese, russian, arabic, bengali, chinese, bahasa indonesia, japanese, korean, bahasa malaysia, thai, urdu, vietnamese, tamil, lao, burmese.
Deposit methods	regularpay, visa/mastercard, NETELLER, skrill, webmoney, perfectmoney, OKPAY, wire transfer, yuu collect, sahibexchange and zaw forex service

The average spread ratio is 1

Residents of belize, the USA and japan are not currently permitted to create a forex account.

Free forex seminars & workshops.

The quickest and easiest way to contact customer support is through live chat, which is available 24/5.

The remote forex licences has been issued by the IFSC.

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

FBS review 2019 | is FBS a scam or legit forex broker?

Average broker rating

Rating breakdown

FBS overview

FBS markets is an online forex and CFD broker located in belize. The broker offers forex, stock, cfds and metals for trading on its platforms, which include the MT4 and MT5.

#	broker's features	FBS availability
#	commissions	✔
#	hedging	✔
#	PAMM	❌
#	scalping	✔
#	accepts US traders	❌
#	24 hour trading	✔
#	swaps	✔
#	demo account	✔
#	daily analysis	✔
#	automated trading	✔
#	mobile trading	✔
#	trading by phone	✔
#	1st deposit bonus	❌
#	forex contests competitions	✔
#	bonuses promotions	✔
#	interest charges on the balance	❌
#	free education	❌
#	expert advisors	❌
#	partnership programs	❌
#	trust management	❌
#	24 hour support	✔

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.Net team collected over 50 data points. For this review, we will review FBS.

Financial trading and investment services: first of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, cfds, cryptocurrencies or options. FBS offers online financial trading and investment services such as currencies, stocks.

Tradable products: FBS markets offers 37 currency pairs, 4 metals, 3 cfds and 32 stocks.

Broker type: many types of brokers can be found in the most dynamic market in the world. FBS is ECN, no dealing desk, STP.

Features: FBS provides the “copytrade” which is a social trading platform. The MT4 multiterminal, fix rate and VPS are other tools provided to aid the trader.

FBS allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As FBS offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Minimum deposit requirement: to properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a forex brokerage. FBS recommended minimum capital is $1.

Is the forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FBS is regulated by cysec, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor protection & regulations: FBS is regulated by the IFSC in belize and the cysec in cyprus. Investors’ are protected through account segregation, membership of the ICF and platform/website encryption using SSL. The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses. For example, adding an EU license would help FBS compete with its industry peers.

Account currencies: next lets consider the account currencies each broker offers. FBS offers EUR, USD, THB different account currencies for each account types.

Account openning: there are 5 types of accounts offered by FBS markets. They are cent, micro, standard, zero spread, and ECN accounts. The account opening balances are $1, $5, $100, $500 and $1000 respectively.

FBS offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages available: next lets have a look at each broker's different language options. FBS offers english, indonesian, malay, chinese, japanese, kor.

Payment methods: next lets have a look at each broker's payment options. FBS offers visa/mastercard, bank wire transfer, neteller, skrill, webmoney, perfect money, okpay, fasapay; local indonesian banks: bank central asia, mandiri, ba different payment methods for each account types.

Deposit and withdrawal: credit/debit card, neteller, sticpay, skrill, perfect money and bitwallet are the acceptable payment options. There are withdrawal fees payable

Trading platforms: next, let's look at the tools and features fx traders desire. With trading platforms, FBS makes MT4, MT5 available to clients.

Web & desktop trading platforms: the MT4 and the MT5 trading platforms are provided for trading the assets.
Mobile trading platforms: the FBS trader, the MT4 and the MT5 apps are the mobile trading platforms provided by FBS markets. The apps are designed for the android and ios mobile devices.

Trader education
the education centre provided by FBS has the forex guidebook, tips for traders, forex books, webinars, seminars, video lessons and a glossary. The economic calendar, currency converter, forex news, daily market analysis and forex TV are some of the research tools provided by FBS markets to assist the trader in making his daily trading decisions.

Promotions
the bonuses available are: ‘get a car from FBS’, trade 100 bonus, 100% deposit bonus and cashback. The contests available are: ‘FBS makes your dreams come true’ and FBS pro

Support
the customer support desk is available 24/7 on the various chat platforms like instant web chat, facebook messenger, telegram and viber. Social media channels are facebook, youtube, twitter and instagram.

Recup
FBS markets is a forex and CFD broker that has been in operation for ten years. It is regulated by the cysec and IFSC. The brand has implemented several security measures to protect clients and their investments. FBS provides multiple account options and deposit methods for its clients to access the MT4 and MT5 platforms from its entity licensed in belize and across its related websites, which cater for international traders.

Final thoughts
the broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses.

Trading experience
FBS markets is a broker that has excellent services for all trader levels and experience. It is suited for all trader classes and styles of trading.

So, let's see, what we have: 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 is fbs trading legit