de | cn | ru

Brokers News

FBS Warns Its Clients of a Possible Forex Scam

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 – fbsinv.com – 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 fbsinv.com 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 fbsinv.com, 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 fbsinv.com 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 www.fbs.com 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, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$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
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

  Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

de | cn | ru