Fbs Fx Trading Review 2023 - Get refund if scammed by broker (2024)

Fbs Fx Trading Review 2023 – Is it safe to invest with Fbs Fx Trading ?

Making the decision between a broker and a trading platform is essential since many scams including those involving cryptocurrency scams and forex scams, occur every year. Our main goal is to protect you from possible trading scams by assisting you in locating trustworthy brokers. We’ve done a lot of research and created a comprehensive Fbs Fx Trading Review to help you make decisions and clear up any questions you may have.

Fbsfxtrading.com has a number of serious disadvantages. We’ll start our Fbs Fx Trading review by looking over the broker’s fundamental records to determine whether they are legitimate.

About Fbs Fx Trading Broker

Traders should exercise extreme caution when dealing with FBS FX, an unregulated and widely considered unreliable trading entity. FBS FX has become entwined with a network of fraudulent websites, raising red flags within the trading community. The UK’s Financial Conduct Authority (FCA) has taken a decisive stance against FBS FX, issuing a formal warning that explicitly labels them as an unauthorized company. This stern FCA advisory underscores the imperative for investors to remain vigilant and avoid engaging with FBS FX, as its questionable operations and lack of regulation pose significant risks to financial security. Protecting investments is paramount in such an environment.

Fbs Fx Trading Website – www.fbsfxtrading.com

Official Address – 866 Scott Street, Greenville, USA, ME 04441

Warned by standard regulating authority – Financial Conduct Authority (United Kingdom)

Regulation Status- Unregulated

Domain Status

Domain Namefbsfxtrading.com
Date RegisteredJune 03, 2023
Domain Age3 months, 28 days, 19 hours, 26 minutes, 19 seconds

Suspicious regulation

After carefully reviewing their website, broker Fbs Fx Trading does not appear to be regulated by a reputable and well-established regulatory body. The lack of supervision by a regulatory authority prompts serious queries and worries about their functioning as well as the degree of accountability and openness they maintain.

Because unregulated brokers are not subject to the same attention by financial regulatory bodies as regulated brokers, they are not as much held responsible for their activities. Either the regulation provided to them is phony, or this Fbsfxtrading.com broker is not governed by a reliable regulatory organization such as the FCA, ASIC, Consob, Finma, and others. It is crucial to comprehend the possible hazards connected to entrusting your money to these entities, regardless of whether you have already thought about their uncontrolled state.

Protect Your Wealth: To ensure the security of your finances, you should only trust your investments to brokers who are regulated and of high standing. As the Fbs Fx Trading review points out, staying away from unlicensed companies like Fbs Fx Trading is a wise move to safeguard your finances from possible theft and unstable finances.

Transparency is Lacking

One of the biggest problems with scam brokers is their lack of transparency in their business operations. Transparency is crucial for fostering confidence and trust, especially in the financial industry, according to our thorough Fbsfxtrading.com assessment. This closed-door policy could make prospective customers and investors question the company’s integrity.

File Complaint Against Fbs Fx Trading broker

Broker Research Protects You

Your best defense against fraudulent brokers is to conduct extensive research before investing. You can avoid Fbs Fx Trading scam by doing this.

Conduct an Extensive Online Search

Start your security search by looking for scam broker reviews for the brokerage you are thinking about online. This search may reveal important details about the broker’s reputation. Be cautious since sometimes unsatisfied traders will leave unfavorable remarks; nevertheless, persistent complaints should raise red flags. To provide an additional degree of assurance, look through Scams Report’s list of scam brokers to assist in allay any concerns over the reliability of a specific broker.

If you’re looking for a reliable and safe trading platform, there are a few things to keep in mind. Here are some factors to consider:

  • Regulation: Check if the trading platform is regulated by a reputable authority, such as the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the US. Regulation ensures that the company operates transparently and fairly.
  • Security: Ensure that your money and personal information is protected by cutting-edge security methods implemented by the platform.
  • Trading instruments: Check if the platform offers a wide range of trading instruments, such as forex, stocks, commodities, and cryptocurrencies. This can give you more options to diversify your portfolio and potentially increase your profits.
  • Fees: Be aware of the charges associated with using the platform, such as deposit and withdrawal fees, trading commissions, and spreads. Make sure you understand the costs involved and how they can affect your trading performance.

By doing your research and taking the necessary precautions, you can find a platform that suits your needs and helps avoid scams like Fbsfxtrading.com as highlighted in the Fbs Fx Trading review.

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So, Is Fbs Fx Trading a Scam? Fbs Fx Trading Review Conclusion

We have done a lot of study and analysis, and as professionals we believe that Fbsfxtrading.com is indeed a scam. We strongly suggest staying away from Fbs Fx Trading. Rather, people ought to look for respectable means of earning money that require attention and focus.

Are You a Victim of Fbs Fx Trading Scam? Contact Scams Report

We strive to find timely and efficient solutions, treating every problem with seriousness. Keeping accurate and current information regarding brokers on our website is a top priority for our team.

If you suspect that you are dealing with a scam broker, Scams Report is here to offer assistance and help you get your funds back. Here are some ways we can help:

  • Fund recovery: Our team of experts will work tirelessly to help you recover your lost funds. We have a proven track record of success in this area and will do everything we can to get your money back.
  • Free consultation: We understand that every situation is unique, and that’s why we offer a free consultation to all of our clients. Our team will listen to your story and provide personalized advice on the best course of action.
  • Complaints: If you have a complaint about a scam broker, we are here to listen. We will take your complaint seriously and work to get to the bottom of the issue.

Don’t suffer in silence. Contact Scams Report today and let us help you get your life back on track.

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Note: The information provided in the above Fbs Fx Trading review is derived from existing web Fbs Fx Trading reviews. Please be aware that we cannot be held liable for any legal action taken by Fbsfxtrading.com company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.

Fbs Fx Trading Review 2023 - Get refund if scammed by broker (2024)

FAQs

How do I get my money back from a forex scammer? ›

Have you been a victim of Forex Fraud? Chargeback Procedure - when can it be requested and how does it work?
  1. The purchase or payment must have been made using the credit/debit card.
  2. Once you have contacted the bank you can ask to open a case for chargeback so that the bank can investigate the nature of the transactions.
Apr 17, 2024

How do I retrieve money from forex broker? ›

Here are my top 5 tips for what to do if you've been scammed by an illegitimate forex broker or a fraudulent forex trader:
  1. Avoid sending more money. This is the big one. ...
  2. Gather as much information as possible. ...
  3. Hire professionals. ...
  4. Identify the type of forex scam. ...
  5. Report the scam to the relevant authorities.
Mar 5, 2024

Is FBS a regulated forex broker? ›

FBS Markets Inc., the Cyprus-based entity of FBS, is regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is one of the prominent regulatory bodies in the European Union and is known for its stringent regulatory standards.

Is FBS a true ECN broker? ›

Yes, FBS provides an ECN account.

See how FBS is regulated and whether you should have any concerns using it.

What to do if scammed by a broker? ›

Gather Evidence: Collect all the documentation related to your interactions with the scam broker, including emails, contracts, transaction records, and any communication that proves your case. Consult Legal Advice: Seek guidance from a lawyer or a legal advisor who specializes in financial fraud or securities law.

How to get money back from a broker? ›

You can transfer the money to a bank account, wire it, or request a physical check. Most brokers, even the best online brokers that don't have many fees, do charge fees for wire transfers. This type of transfer is faster than a standard electronic funds transfer.

How to complain against a forex broker? ›

Investor Complaints Cell
  1. Complaint Registration.
  2. 1800 266 7575.

Does my forex funds refund money? ›

Refund Policy

All traders have the facility of receiving a full refund for any order they have purchased as long as they have not placed any trades on the respective account(s).

Can I withdraw all my money from forex? ›

The minimum withdrawal amount is $100, or all your available account balance (whichever is lower). You can withdraw a maximum of $25,000 per transaction if you are withdrawing via bank transfer or debit card. Wire transfers have no restriction on transaction size.

Is FBS a trusted broker? ›

Can FBS be trusted? Yes, FBS is a regulated broker, providing services under the oversight of the Cyprus Securities and Exchange Commission (CySEC). This regulatory framework ensures adherence to financial regulations and safeguards client funds.

Is FBS Trader app legit? ›

Secure and reliable broker

FBS is licensed by CySEC, IFSC, FSCA and ASIC.It means that FBS Trader operates under these regulations in Asia, Africa, Middle East, South America and other regions across the globe.

Who is the owner of FBS trading? ›

Aaron Johnson - Owner - FBS | LinkedIn.

Is FBS available in the USA? ›

It is based in Belize and is regulated by the International Financial Services Commission (IFSC). While it is available to U.S. residents, the platform does not have any specific regulatory approval in the U.S., so users should be aware of the potential risks involved in using the platform.

How old is FBS broker? ›

FBS is an international online broker trading in the Forex exchange market. The company was founded in 2009 and currently has over 23 million active traders across more than 150 countries, from Malaysia and Indonesia to Latin America.

How long do FBS withdrawals take? ›

Electronic payment systems withdrawals (like Skrill, Perfect Money, etc.) should be credited immediately, but sometimes may take up to 30 minutes. In case you withdraw to your card, please, be reminded that on average it takes 3-4 business days for the funds to be credited.

Can I get my money back if I sent it to a scammer? ›

If you've transferred money to someone because of a scam

Your bank or building society should reimburse you if it's registered with the Lending Standards Board under their Contingent Reimbursem*nt Model Code (CRM Code). You can check if your bank is registered under the CRM code on the Lending Standards Board website.

Is there a way to recover money from scammer? ›

If you present reasonable evidence that you were the victim of a scam, your bank or credit card company may be legally obligated to refund the money. Government agencies that protect consumer rights can help you get your money back if your bank or credit card company refuses to cooperate.

How do you catch a forex scammer? ›

Many scam funds will claim that their fund managers are qualified professionals but in fact, they are not. Scammers often claim massive historical returns and will show numbers that way exceed market norms to lure investors in. Be sure to check these claims and not simply invest blindly.

How to recover money from a trading platform? ›

There are a few different legal avenues that you can pursue if you've lost money in online trading. The first step is to contact the company that you invested with and try to get your money back. If that doesn't work, you can file a complaint with the SEC or another regulatory agency.

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