Is FBS legit or a scam?
Safety verdict
FBS is a real, operating broker - but know the caveats before depositing.
FBS (est. 2009) operates under CySEC, ASIC, FSC (Belize). It is not a scam in our assessment - client withdrawals process and the company is contactable - but its trust profile (3.9/5) trails top-tier rivals: lighter-touch licensing means less recourse if things go wrong. Deposit only what you are comfortable testing with, and verify the entity terms for your region.
Licences - verify them yourself
Never take regulation claims on trust (including ours). Each row links to the regulator's own public register - search for the entity name shown in your account agreement.
| Regulator | Verify |
|---|---|
| CySEC | Cyprus SEC entities register ↗ |
| ASIC | Australian ASIC Connect register ↗ |
| FSC (Belize) | Belize FSC ↗ |
What our testing found
We hold funded accounts with the brokers we review. With FBS: withdrawals processed as advertised (same day for most methods), support responded to anonymous test tickets, and live pricing matched the published account specs. Full findings are in the review.
Read the full FBS review (4.1/5) →The real danger: clone scams
Most "FBSscam" complaints trace back to impersonators, not the company: lookalike domains, fake apps, and social-media "account managers" who trade your money away. Three rules: access FBS only through its official site (our buttons link the verified domain), never let anyone else operate your account, and treat any unsolicited investment contact as fraud by default.
FBS safety FAQ
Is FBS regulated?
Yes - FBS entities are licensed by CySEC, ASIC, FSC (Belize). Which entity you contract with depends on your country of residence, and investor-compensation coverage differs between them.
Is my money safe with FBS?
Client funds are held segregated from company funds, and onshore entities carry statutory investor-compensation coverage. Offshore entities rely on the group's own policies - a reason to size deposits sensibly regardless of broker.
How do I verify FBS's licences myself?
Never take a broker's word (or ours) for regulation. Search the regulator's own public register - we link each one in the licence table above - for the exact entity name shown in your account agreement.
How do I avoid FBS clone scams?
Clone firms impersonate real brokers with lookalike domains and social-media "account managers". Only ever access FBS via its official domain (fbs.com), never via links from Telegram/WhatsApp groups, and remember: no legitimate broker's staff will ever trade your account or ask you to send crypto to a personal wallet.
Risk warning: CFDs and leveraged products are complex instruments and carry a high risk of losing money rapidly. Between 70–85% of retail accounts lose money trading CFDs. Never trade with money you cannot afford to lose. Disclosure: WizeGorilla is reader-supported - we may earn a commission when you open an account through our links, at no cost to you. See our affiliate disclosure and review methodology.