FBS Trading Broker Review – Fraud Complaints
FBS Trading is a well-known online trading broker that has been operating since 2009. The company is registered in Belize and is regulated by the International Financial Services Commission (IFSC). FBS Trading offers a wide range of financial instruments, including forex, CFDs, stocks, and cryptocurrencies. However, despite its reputation, FBS Trading has been facing numerous fraud complaints from clients.
One of the most common complaints against FBS Trading is the difficulty in withdrawing funds from the account. Many clients have reported that the broker has refused to process their withdrawal requests, citing various reasons such as account inactivity, high leverage, or even false allegations of fraud. This has led to a lot of frustration and financial loss for the clients.
Another complaint is the high spread and commission charges. FBS Trading is known for its competitive pricing, but many clients have reported that the spread and commission charges are higher than what was initially promised. This has resulted in significant losses for the clients, who are left with a reduced profit margin.
There have also been complaints about the quality of the trading platform and the lack of customer support. Many clients have reported that the platform is slow and unreliable, leading to trading losses. Additionally, the customer support team has been criticized for being unresponsive and unhelpful.
Some clients have also reported that FBS Trading is engaging in illegal activities such as unauthorized trading and manipulating the market. This has led to significant financial losses for the clients, who are left with no recourse.
In conclusion, FBS Trading has been facing numerous fraud complaints from clients. The difficulty in withdrawing funds, high spread and commission charges, poor trading platform, and lack of customer support are some of the main issues that have been reported. Additionally, there have been allegations of illegal activities such as unauthorized trading and market manipulation. Therefore, it is essential for potential clients to exercise extreme caution when dealing with FBS Trading and to thoroughly research the company before opening an account.
