Forex Scam Broker FBS Blocked Investor’s Withdrawal

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freemexy

Age: 2023
Total Posts: 0
Points: 10

Location:
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FBS is a scam broker! Recently, an investor complained to WikiFX about the forex broker FBS. The complainant exposed a series of FBS’ illegal
practices, including rejecting withdrawals, and hoped that other
investors will be vigilant.To get more news about FBS, you can visit WikiFX news official website.
Illegal Broker Exposure
According to the investor, he often saw online advertisements of FBS, and was lured quickly by the fake promises of FBS such as “Get $100
No Deposit Bonus on MT5” and “Invest easily through Copy Trade”.

FBS Ads: Copy Trade
After deciding to give it a try, the investor opened an account on FBS and started copy trading by following the signals. "In less than a
week, my copy trading brought me an extra $49 profit!" The investor told
WikiFX that it was the high bonuses and high returns that tempted him
to invest more money into FBS. However, since December last year, not
only did the investor's trading account suffered frequent losses, his
withdrawal request was also refused!

The investor’s $1,000 withdrawal request was refused
But the reason given by FBS was ridiculous. FBS claimed the investors' account was “under investigation of regulation authorities
due to suspected illegal profits”. The enraged investor called FBS “scam
broker” and demanded the platform to return his money, but the platform
blatantly retorted “Sue me if you dare". Such a bad attitude is
shocking and outrageous!

These widely-spread ads on the Internet such as “Get $100 No Deposit Bonus on MT5” and “Copy Trade for Newbie” are all potential scams,
targeting investors in lack of experience or principle. By the time they
find out the truth, their funds have already been defrauded by illegal
brokers. Therefore, the right way to make profits in trading is to equip
yourself with more practical knowledge and less fantasy of "pie in the
sky". In addition, you can also avoid unscrupulous brokers with the help
of the blacklist released by the regulation authorities and third-party
inquiry platforms, thus keeping your own funds safe.

Conclusion
Per investigation, we found that the score of FBS is only 1.04 on WikiFX APP. According to the latest risk warning, the IFSC(Belize)
regulatory license claimed by this broker is suspected to be a clone,
and this broker currently has no valid regulation. Please stay away!

The score of FBS on WikiFX APP
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Posted 12 May 2020

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