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FBS Warns Its Clients of a Possible Forex Scam

Jul 12 2013

Some words of warning from FBS Markets Inc. (FBS): the forex and CFD broker has had a case of stolen identity – well, sort of. 

A new website has appeared on the world wide web – – and it uses FBS's logo and graphics, as well as content, probably hoping to appear legit and attract more customers. The genuine broker warns, however, that no authorization has been granted for this use. 
The fake broker offers investment services, and claims to be licensed by the International Financial Services Commission in Belize – but the license it has uploaded on the site is in fact the one of FBS Markets – the legitimate company. 
It you take a careful look at, you'll see that there's quite a lot of suspicious details. To begin with, when you first load the site, you are greeted by a Lorem Ipsum (dummy text) that disappears after a while only to be replaced by some generic marketing headlines. Red flag #1. 
The physical address given for Fbsinv is in Texas, USA, however the “broker” doesn't seem to be registered with CFTC or NFA – and there goes red flag #2. 
The next suspicious thing on the site is that there's a lot of vague information, text copied straight from the FBS Markets' site, promises of referral commissions but nothing really substantial. Red flag #3. 
If you spend enough time on the site, you'll find things ranging from ridiculous to weird to really disturbing – you can see who was the last user to make a withdrawal, for example, and how much money was cashed out. There's a ton of spelling and grammar mistakes, there's broken images, the social media links are not working, live chat is advertised as 24/7 but is not available, and so on, and so on. 
Don't get me wrong here: I'm not pointing out the million things that are wrong with because I think you're gullible. I don't and I have trust in you. I also know, however, that you are probably overloaded with information – and its often easy to miss the obvious (that's why so many scams like this one often thrive for a while before being caught). 
Being an established forex broker, FBS is not very likely to suffer any reputation damage caused by the fake brokerage, but I appreciate the fact it warns its existing and potential clients of the scam. If you want to invest with FBS, make sure to go to and nowhere else – this way you'll know you're dealing with the actual company and won't be hustled. 

About FBS

FBS is a global forex brokerage house that provides investment services to international customers. The broker offers STP/ECN execution, tight fixed and variable spreads and professional customer support.
At FBS, traders can sign up for three different account types: micro, standard and ECN/STP. The platform supported by the broker is Metatrader 4 (MT4). 
TAGS: forex  forex trading  forex broker  forex scam 

More news about FBS

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

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