Fbsinvest – How Real Is It?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Fbsinvest - DO NOT TRADE WITH THIS PROVIDER
2.3/10
$100
Minimum Depositupdated 2021
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://fbsinvest.org
Founded: 2021
Regulations: N/A
Languages: English
Deposit Methods: Cryptocurrencies
Minimum Deposit: $250
Free Demo Account: N/A
Number of Assets: 3
Types of Assets: Stocks & ETFs, Crypto, CFDs
Fbs Invest is a popular online trading and investment platform for forex, stock market, and cryptocurrency brokers. They allow users to profit from both increasing and decreasing prices in indices, foreign exchange, commodities, stocks, and cryptocurrencies.
Fbsinvest aims to help clients get the most out of online trading by supporting them in gaining access to liquidity and successfully managing risk. The company’s comprehensive technology, cutting-edge security encryption, and unrivaled network enable it to provide an outstanding trading experience.
Trading Accounts and Conditions
Fbsinvest has 6 account types, more than a handful of different scams that they will push on you. The account types are: Mini, Bronze, Silver, Gold, Platinum, and Diamond. The names of the account types are uncommon with scam forex brokers.
The minimum deposits of each account type are as follows: $250, $10000, $25000, $50000, $100000, and $250000. The “minimum” deposits are pretty steep considering that some legit brokers will charge users as low as $5 for registration.
Fbsinvest claims to hold a long list of licenses from some of the world’s most prestigious financial regulators. Fbsinvest operates under the name Fbsinvest Ltd in Cyprus, the United Kingdom, and the Seychelles, according to the website. However, the appropriate regulators’ data show that no licensed broker with this name exists.
Fbsinvest’s stated registration number in the United Kingdom corresponds to a completely other firm with a separate website.
Fbsinvest – Advantages
There aren’t that many advantages when talking about investing money into this specific broker. As a matter of fact, there are none. Don’t invest in this scam online broker.
Fbsinvest – Disadvantages
Trading Software
Fbsinvest does not have a proper trading platform, which becomes obvious after signing up for an account. A chart from the TradingView website is included in the client portal, but it only shows the prices of selected assets.
Separate from the chart, there is a menu for placing orders, however it appears to be a rip-off. Although Fbsinvest claims to be a platform for trading currencies and CFDs, the only asset that can be “traded” is Bitcoin. The menu lacks even the most basic functions, such as the ability to enter a price at which to buy or sell.
The foundation of the Fbsinvest scam is evident from the website: so-called “social trading” – the possibility to duplicate the transactions of a trader of your choice. Many genuine brokers provide this service, but it is simply a technique for scammers to dupe customers who have no prior knowledge of the financial markets into thinking they can handle all of the complicated nuances of trading for them.
Make no mistake: the “most popular traders” that Fbsinvest claims you may copy do not exist. Any money you provide to this website will not be invested, but will instead go straight to the scammers’ coffers.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
Trading Conditions
Six types of trading accounts are described on the Fbsinvest website, with minimum deposits ranging from 250 EUR to 250 000 EUR. It is far better to use a regulated broker, as many of them provide micro accounts with extremely minimal minimum deposits.
The specified leverage for different account categories ranges from 1:200 to 1:400, with the questionable trading platform displaying a level of 1:400 that cannot be altered. This is more proof that Fbsinvest does not own the licenses it claims. Retail traders’ leverage is limited to 1:30 by CySec, FCA, and ASIC. High leverage provides for greater profits, but it also raises the chance of large losses.
There is no mention of a spread level anywhere. A trading commission of 4% is listed on the trading menu, which is extraordinarily high, exceeding by dozens of times the fees charged by real brokers.
Withdrawals and Deposits
The website’s main page specifies that deposits must be made in Bitcoin and must be at least $300 USD. However, two other cryptocurrencies, Ethereum and Tether, are available in the Fbsinvest client portal’s deposit option, each having a separate minimum deposit amount of 200 USD.
Cryptocurrencies are preferred by scammers because they do not allow for refunds. While some legal brokers take Bitcoin, they do so alongside other secure payment options like credit/debit cards, bank transfers, and popular e-wallets like PayPal, Neteller, and WebMoney. According to the account descriptions, the two accounts with the smallest deposits will be charged a withdrawal cost of 25 EUR + 1% of the total amount.
Lies About Regulation
Fbsinvest makes some bold regulatory claims, claiming to be regulated in the EU, the United Kingdom, the Seychelles, and Australia, among other places. Of course, all of this is a fraud, because the broker isn’t even close to being regulated.
Due to the lack of regulation, Fbsinvest clients are not entitled to the same protections as licensed brokers. For example, in the EU and the UK, these protections include, among other things, access to guarantee funds that restore client losses in the event of a broker defaulting, up to 20 000 euros per affected person in the EU and up to 85 000 pounds in the UK. Of course, lying about Fbsinvest’s regulatory status implies that the company is obviously up to no good.
Conclusion
Investing with FBSinvest is a bad choice. The broker’s name alone indicates that it is up to no good — it attempts to sell itself as being linked to a well-known market name – FBS – but there is no such link.
FBSinvest is an offshore broker with all the hallmarks of one, including a lack of regulation, ambiguous legal documentation that omits key components of its business, and poor trading conditions. FBSinvest has access to a variety of investment programs as well. These programs are blatantly fake — FBSinvest, or anyone else for that matter, could not possibly attain such ridiculous return rates.
Fbsinvest
Pros
- None
Cons
- Trading Software
- Trading Conditions
- Withdrawals and Deposits
- Lies About Regulation
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
eToro is a multi-asset platform which offers CFD and non CFD products. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.