{"id":12442,"date":"2020-12-16T18:00:19","date_gmt":"2020-12-16T17:00:19","guid":{"rendered":"https:\/\/setaffiliatebusiness.com\/?p=12442"},"modified":"2024-02-02T18:29:14","modified_gmt":"2024-02-02T17:29:14","slug":"is-fbs-a-scam","status":"publish","type":"post","link":"https:\/\/setaffiliatebusiness.com\/cz\/is-fbs-a-scam\/","title":{"rendered":"Is FBS a Scam?"},"content":{"rendered":"

We’re aware that numerous trading platforms claim to help you earn money, but many turn out to be scams or Ponzi schemes.<\/p>\n\n\n\n

What about FBS?<\/p>\n\n\n\n

Is FBS a Scam?<\/p>\n\n\n\n

In this FBS review, we’ll delve into the joining costs, compensation plan, product offerings, and whether users are experiencing financial gains.<\/p>\n\n\n\n

Let’s dive in.<\/p>\n\n\n\n

Disclaimer<\/strong>
Please note, that I am not a member or an affiliate of FBS. <\/em><\/p>\n\n\n\n

This review is based on research and information available online in the public domain. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n

\n\n

FBS Overview – Summary<\/h2>\n\n\n\n

Jm\u00e9no: <\/strong>FBS
Website: <\/strong>www.fbs.com (Or FBS.eu for the EU market)
Price to Join<\/strong>: $1 to $1,000
Recommended:<\/strong> Not Really. Still, it is an MLM company.
I recommend Affiliate Marketing. Check the Pros and Cons of both business models (Affiliate Marketing vs. MLM<\/a>).<\/p>\n\n\n\n

FBS is an international online broker specializing in forex trading, catering to both beginners and advanced traders. However, the lack of information about the company’s leadership raises concerns.<\/p>\n\n\n\n

The company is regulated by the Cyprus Securities and Exchange Commission in the EU and the International Financial Service of Belize. Despite this, FBS is prohibited in major trading markets such as the USA, Canada, and Japan.<\/p>\n\n\n\n

While FBS appears legitimate and offers a low minimum deposit of $1 (depending on the account type), its exclusion from significant markets raises questions about its overall credibility.<\/p>\n\n\n\n

A notable drawback is the numerous complaints regarding the withdrawal process and unresponsive customer support. Considering these red flags, it’s advisable to explore more reputable platforms rather than engaging with FBS.<\/p>\n\n\n\n

There are numerous legitimate methods to generate a consistent income. <\/p>\n\n\n\n

Check out my #1 Recommendation, a platform that teaches how to create a website and monetize it through affiliate marketing.:<\/p>\n\n\n

\n\nFind Out More Here<\/a>\n\n<\/div>\n\n\n

Sign up for Free and I will guide you through the platform.
No Credit Card Needed \u2013 Just your email.<\/p>\n\n<\/div><\/div>\n\n\n

What Is FBS?<\/h2>\n\n\n
\n
\"Is<\/figure><\/div>\n\n\n

FBS is an investment company founded in 2009, providing opportunities for profit through the marketing of its services and products. <\/p>\n\n\n\n

As per their Privacy Policy, the company is regulated by the Cyprus Securities and Exchange Commission.<\/p>\n\n\n\n

While Cyprus is known for hosting some questionable companies, it doesn’t automatically brand FBS as a scam, at least not initially.<\/p>\n\n\n\n

Primarily focused on forex trading, FBS offers educational products for traders.<\/p>\n\n\n\n

With claims of over 15 million active traders in 190+ countries, the site FBS.com receives substantial monthly traffic (over 2 million visits).<\/p>\n\n\n\n

However, certain red flags emerge, such as the inability for individuals from specific countries, including the US and UK, to register with FBS.<\/p>\n\n\n\n

Earning money with FBS involves two methods:<\/p>\n\n\n\n

    \n
  1. Investing and Trading:<\/strong> Involves inherent risks, and caution is advised due to the prevalence of pyramid and Ponzi schemes in the investment landscape.<\/li>\n\n\n\n
  2. Promoting FBS:<\/strong> Operating on a multi-level marketing model, users can earn commissions by building a team below them. While recruiting is optional, the real income potential lies in this aspect.<\/li>\n<\/ol>\n\n\n\n

    In essence, FBS functions as a multi-level marketing company, emphasizing recruitment as the primary avenue for substantial earnings.<\/p>\n\n\n\n

    Let’s explore further<\/p>\n\n\n\n

    Who Runs the FBS?<\/h2>\n\n\n\n

    The ownership of FBS remains unclear as the company does not disclose information about its CEO or founder, which is a notable red flag. <\/p>\n\n\n\n

    Legitimate companies typically provide transparency about their leadership.<\/p>\n\n\n\n

    Adding to the lack of clarity, FBS associates with various shell corporations, including:<\/p>\n\n\n\n

      \n
    1. FBS Inc. in the Marshall Islands<\/li>\n\n\n\n
    2. HDC Technologies Ltd in Cyprus<\/li>\n\n\n\n
    3. FBS Markets Inc. in Belize<\/li>\n<\/ol>\n\n\n\n

      While FBS has a YouTube channel featuring webinars hosted by Elizabeth Belugine, her role is not specified. <\/p>\n\n\n\n

      Based on her Facebook profile, she is from St. Petersburg, Russia, suggesting she is likely an employee rather than the founder.<\/p>\n\n\n\n

      The absence of clear ownership details raises concerns about the transparency of FBS.<\/p>\n\n\n\n

      Who Is FBS For?<\/h2>\n\n\n\n

      FBS caters to both beginners and advanced traders, offering a platform suitable for various experience levels. <\/p>\n\n\n\n

      However, it’s important to note that there are certain countries where their services are not available.
      The restricted countries include:<\/p>\n\n\n\n

        \n
      1. USA<\/li>\n\n\n\n
      2. Canada<\/li>\n\n\n\n
      3. Japan<\/li>\n\n\n\n
      4. Brazil<\/li>\n\n\n\n
      5. Israel<\/li>\n\n\n\n
      6. Myanmar<\/li>\n\n\n\n
      7. Iran<\/li>\n<\/ol>\n\n\n\n

        The reasons for these restrictions are not explicitly stated, but it raises the question of whether these countries have stringent regulations against potentially dubious companies.<\/p>\n\n\n\n

        On the flip side, FBS accepts traders from a range of countries, including but not limited to:<\/p>\n\n\n\n

        Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and many others.<\/p>\n\n\n\n

        Is FBS a Pyramid Scheme?<\/h2>\n\n\n\n

        The distinction between a regular MLM (Multi-Level Marketing) and a pyramid scheme is crucial.<\/p>\n\n\n\n

        Every MLM company has roots in a pyramid scheme, but for legitimacy, the company must provide retail products. <\/p>\n\n\n\n

        Distributors or IBOs (Independent Business Owners) should earn primarily from selling these products, whether tangible (as in the case of Mary Kay<\/a> or Amway<\/a>) or intangible, such as courses or services.<\/p>\n\n\n\n

        Given that FBS offers services, it cannot be classified as a pyramid scheme. <\/p>\n\n\n\n

        However, for those interested in understanding how to spot a pyramid scheme, here’s a short video guide.<\/p>\n\n\n\n

        \n