Website: https://fbs.com/
About company:
FBS is an international company founded in 2009. The broker has been issued two licenses for exchange operations: FBS and IFSC. Supports trading in currencies, stocks and metals. The company offers some of the most favorable conditions – leverage up to 1:3000, deposits from $1 and trading in demo mode. In this case, the minimum bid is from 0.1 lot. Terminals provided by FBS: MetaTrader4, MetaTrader5, WebTrader, which provide high order execution speed – up to 0.5 sec.
Very serious warning
I signed up for FBS last week
On the same day, I uploaded my passport to confirm my identity, my account was confirmed and verified.
I made a deposit and traded for a week.
Today I tried to log into my account but I couldn’t, I sent a message to the support and they said that my passport was fake and the account was blocked!
Be very careful, this website is a scam
They blocked my Level up account after I have completed about 80% of requirements saying 2 accounts were opened on same IP. Those two accounts were to 2 people living on same household and therefore it was unfair to block based on IP/
Scam. Stay away
Currently Exness and Octafx offers much better service, much better and lower fees. Unlike FBS, exness and octafx doesnt charge fees on withdrawal.
I did actually contact support, I asked for account termination and they asked hell a lot of info, that they already have. the orders execution delay is bad, and the UI is not really great, it has confusing instructions and some bugs. my experience was very bad with the app.however I will change my review to 2 stars because of your nice reply
Their a scam broker tht does stop hunting I was trading CAD interest rates on the zero account and spread went up to 42 pips but it’s a zero accounts it’s supposed to have zero spread and I compared with 5 other brokers they were stop hunting first pushing price down 20 pips then pushing price up 80 pips compared to other brokers who only pushed price up its a total scam don’t trade with FBS you’ll waste your time and money I’ve send a message to the support to ask for reasons why and I have not yet received a reply yet
Uncooperative platform, my deposit was rejected because of the minimum deposit due to $0.01 for account 231012843, and when I contacted support, he told me we do not have access to your money and your money is lost in the network
really bad, and I don’t recommend trading on it. They executed my order 1000 pips below the current price during the news, while the other broker I traded with only executed 10 pips below.
on 02/01/2023, at 23:59:59, as usual, I received a daily confirmation email from FBS and all was ok, my account balance was as I know and expected it to be. Then the market opened the next day at 01:00, just an hour after I had received the confirmation email. All of the sudden, my balance is zero and all my open positions have been closed.
I contacted FBS to enquire about this, they told me that the system closed my positions because my margin percentage dropped below 20 %. How so? I asked but I am not getting an explanation or clear answer that explains the claimed 20% margin.
As I know it, and according the records in their email, my equity was $141.50 and my used margin was $20.70. So my margin %=(equity/used margin)*100 =683%. I asked them in so many ways to explain the 20% that they are claiming, but I am not getting an answer. They are unable to explain when and how my margin % dropped from 683% to below 20 %.
WHAT A SCAAAAM!! Stay away people
Red flag
If you want to get your refund from this platform contacts
Fast ASSET recovery ‘ or.g guy for a legal refund