FBS Markets Inc. (FBS) Review

FBS is an international forex and CFD broker, established in 2009 with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. It is regulated by various authorities, including ASIC in Australia, IFSC in Belize, and CySEC in Cyprus, offering a degree of regulatory oversight​​​​.

Key Features of FBS:

Trading Platforms: FBS supports popular platforms like MetaTrader 4 and MetaTrader 5, alongside its proprietary FBS Trader platform, accommodating various trading styles including EA/Robots, Scalping, and News Spike Trading​​​​. Trading Conditions: The broker allows a minimum trade size of 0.01 lots, offers high leverage up to 1:3000, and requires a minimum deposit of $5 to open a live account. FBS's trading instruments include over 35 forex pairs, cryptocurrencies, and other commodities​​​​. Payment Methods: FBS supports a range of deposit and withdrawal methods, including VISA, MasterCard, and various e-wallets. However, available methods may vary by country​​. User Complaints and Concerns about FBS: Several users have raised significant concerns about FBS. Complaints include issues with withheld funds, refusal to refund, and allegations of CEO involvement in manipulating trades. One user reported FBS withholding $30,794 and not resolving the dispute despite regulatory intervention. Another user claimed FBS set a Take Profit (TP) on their trade to prevent significant profits, indicating potential manipulation of trading conditions. There are also accusations of FBS freezing accounts for Anti-Money Laundering (AML) checks and withholding funds without clear evidence or justification​​.

In summary, FBS, despite its regulatory oversight and trading offerings, has faced serious accusations from users regarding fund withholding, trade manipulation, and problematic withdrawal processes. Potential clients should carefully consider these factors and conduct thorough research before engaging with any broker.