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Is FBS a Scam?

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

What about FBS?

Is FBS a Scam?

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

Let’s dive in.

Please note, that I am not a member or an affiliate of FBS.

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

FBS Overview – Summary

Name: FBS
Website: www.fbs.com (Or FBS.eu for the EU market)
Price to Join
: $1 to $1,000
Recommended: 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).

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.

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.

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.

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.

There are numerous legitimate methods to generate a consistent income.

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What Is FBS?

Is FBS a Scam

FBS is an investment company founded in 2009, providing opportunities for profit through the marketing of its services and products.

As per their Privacy Policy, the company is regulated by the Cyprus Securities and Exchange Commission.

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

Primarily focused on forex trading, FBS offers educational products for traders.

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

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

Earning money with FBS involves two methods:

  1. Investing and Trading: Involves inherent risks, and caution is advised due to the prevalence of pyramid and Ponzi schemes in the investment landscape.
  2. Promoting FBS: 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.

In essence, FBS functions as a multi-level marketing company, emphasizing recruitment as the primary avenue for substantial earnings.

Let’s explore further

Who Runs the FBS?

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

Legitimate companies typically provide transparency about their leadership.

Adding to the lack of clarity, FBS associates with various shell corporations, including:

  1. FBS Inc. in the Marshall Islands
  2. HDC Technologies Ltd in Cyprus
  3. FBS Markets Inc. in Belize

While FBS has a YouTube channel featuring webinars hosted by Elizabeth Belugine, her role is not specified.

Based on her Facebook profile, she is from St. Petersburg, Russia, suggesting she is likely an employee rather than the founder.

The absence of clear ownership details raises concerns about the transparency of FBS.

Who Is FBS For?

FBS caters to both beginners and advanced traders, offering a platform suitable for various experience levels.

However, it’s important to note that there are certain countries where their services are not available.
The restricted countries include:

  1. USA
  2. Canada
  3. Japan
  4. Brazil
  5. Israel
  6. Myanmar
  7. Iran

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.

On the flip side, FBS accepts traders from a range of countries, including but not limited to:

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.

Is FBS a Pyramid Scheme?

The distinction between a regular MLM (Multi-Level Marketing) and a pyramid scheme is crucial.

Every MLM company has roots in a pyramid scheme, but for legitimacy, the company must provide retail products.

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

Given that FBS offers services, it cannot be classified as a pyramid scheme.

However, for those interested in understanding how to spot a pyramid scheme, here’s a short video guide.

How to Register with FBS?

To register with FBS, follow these steps, ensuring you are not from a banned country:

  1. Go to the FBS website.
  2. Enter your email to initiate the registration process.
  3. Complete the required information to receive your assigned account details.

Ensure compliance with any additional verification steps as per FBS guidelines.

Is FBS a Scam

Before making a deposit, you must complete a survey, providing personal data such as:

  • Date of birth
  • Citizenship
  • Address
  • Phone number

The survey includes questions like:

  • A politically exposed person status
  • Trading frequency over the past year
  • Employment status and field
  • Source of income and net annual income

Based on your survey results, you will be assigned a retail status along with a recommended deposit amount for trading.

Is FBS a Scam

After that just select the way how you want to make the deposit.

These are not exactly products, but rather accounts you can open. 

What Products (Accounts) Does FBS offer? 

Is FBS a Scam

FBS offers a range of account types tailored to different trading preferences:

  1. Standard Account: Designed for experienced traders, requiring an initial deposit of $100.
  2. Cent Account: Geared towards beginners in Forex, with a minimal initial deposit of $1.
  3. Micro Account: Suited for those who enjoy calculations, featuring a minimum deposit of $5.
  4. Zero Spread Account: Ideal for fast-paced traders, with a minimum deposit of $500.
  5. ECN Account: Best suited for confident traders wanting to utilize ECN technologies, with a minimum deposit of $1,000.

Depending on your experience level, you can start with as little as $1 or opt for a more advanced account with a $1,000 deposit.

Both MetaTrader platforms, MT4 and MT5, are available, including mobile apps for convenience.

Is FBS a Scam

These apps enable trading on financial markets through Android and iOS devices.

Users can monitor account status, execute buy and sell orders for financial instruments, and track trade history.

Compensation Plan

Tronex World Review

Unlike many MLM companies with complex compensation plans spanning dozens of pages, FBS offers a straightforward and simple structure.

They employ a 3-level uni-level system, as depicted in the image above.

Trading commissions are distributed across three levels:

  • Level 1: 100% commission on the trading activity of your direct affiliate or trader.
  • Level 2: 15% commission.
  • Level 3: 5% commission.

This uncomplicated structure makes it easier to understand and navigate the FBS compensation plan.

Is FBS a Scam?

FBS is not categorically a scam. Beginners have reported earning money initially, but issues arise with support and communication, particularly concerning withdrawals.

The MLM structure also raises concerns, as it may not provide sufficient earnings for most individuals.

While there’s a genuine opportunity to make money with forex, caution is advised when considering companies with unclear ownership operating from countries associated with dubious practices.

My advice is to exercise caution and conduct thorough research. Look for legitimate companies with a transparent history and inclusive policies, avoiding those that restrict certain countries.

It’s important to note that MLM structures often operate as follows:

Is Young Living A Scam

Positive Aspects of FBS

Pros - Plus
  • Simple and Clear Compensation Plan: FBS offers a straightforward and easily understandable compensation plan.
  • Established Since 2009: With a foundation laid in 2009, FBS is a long-established company in the industry.
  • MT4 and MT5 Integration: The integration of both MetaTrader platforms, MT4 and MT5, provides users with versatile trading options.”

Concerns about FBS

  • Limited Availability in Major Markets: FBS is not accessible in significant trading markets like the USA, Canada, and Japan.
  • Lack of Company Leadership Information: The absence of details about the founder or CEO raises questions about transparency.
  • Affiliation with Shell Companies: FBS has connections to shell companies operating from Belize and the Marshall Islands, contributing to concerns about its organizational structure


FBS doesn’t appear to be an outright scam and emphasizes the inherent risks of forex trading, there are notable red flags that raise concerns.

The lack of clear information about company leadership and affiliations with shell companies, coupled with restrictions in major trading markets, contribute to a cautious stance.

Personally, I do not recommend FBS.

It’s crucial to adhere to the golden rule of investment: only invest what you can afford to lose.

Feel free to share your thoughts and questions in the comments section below; your insights can be valuable to other readers.

Thank you for reading,

About the Author

Mike is an affiliate marketing analyst, content creator, and the founder of SetAffiliateBusiness.com.

Consistently producing in-depth and insightful articles. 📚💻


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24 thoughts on “Is FBS a Scam?”

  1. My friend introduced the quick start Bonus where I don’t have to spend money to learn to trade, With this it is very easy for me to try FBS first without thinking of losses with this bonus to try.

  2. FBS is not scam. I started with their Quick Start bonus, no deposit needed. I traded and earned 100$. All I need is to trade enough lots to withdraw that fund. And it worked. Now I am trading live account. And I can guarantee again that FBS is not scam

    • Thanks for your comment.

      However, there are many people complaining about the company not being honest.
      Problem with the withdrawals and too many broken promises and lies…

      I would be very careful with the FBS.

  3. I’ve been trading with the CopyTrade option for a while. Everything has been good. The deposits and withdrawals are quick enough, the masters that I copy are good too. So, my experience in general is more than Ok.

  4. I ‘m a customer of FBS i like deposit function of fbs because it safe from hacker have security for safe my money easy to deposit and easy to withdrawal 15 minute i got my money to may account So fast

  5. As a trader using several brokers, I recommend FBS if you are willing to grow up as a trader.
    I’ve been trading for months but didn’t know how to grow up to be professional. When I found LevelUp Bonus, I could solve all the problems. With the bonus, you can dive into the market deeper and learn many things about trading. This is very useful. Highly recommend!

    • Thank you for your comment.

      However there are still more Cons than Pros with FBS, and therefore I do not recommend the company.

      Why would a company have such a notification?:
      “If you use a VPN service, make sure you are connecting from the country that is authorized for fbs.com services.”

      The thing is that FBS doesn’t provide service in countries like the USA, Canada, Japan, and more.
      Obviously, they don’t want to be regulated in the biggest trading markets…

  6. Hello, as I said a couple of months ago, they are not a scam. They are legitimate and you can check this yourself talking with their customer support. It is a live chat 24/5. Easy 🙂

    Happy trading!

  7. The FBS CENT account has a special feature and it’s precisely a real account with very little investment. You’ve 100 cents for each dollar to operate since the account operates in cents of a dollar. With this, you can test the platform in a real market, fine-tune your strategies, consolidate your knowledge and experience in Forex trading before trading higher investment accounts with even profits.

  8. I’ve been trading with FBS for 3 years and my experience has been good, so I don’t think it’s a scam broker. A good broker offers low spreads, fast deposits, and withdrawals which are available in FBS that’s why I don’t consider as a scam broker.

  9. I’ve been trading with FBS for 3 years and my experience has been good, so I don’t think it’s a scam.
    A good broker offers low spreads, fast deposits, and withdrawals which are available in FBS that’s why I don’t consider as a scam broker.

  10. I came across a FBS broker and tried to use the free bonus, the Level Up Bonus, where I can get 140 usd without having to deposit, with this capital I can trade to try my technique, while at the same time I can make a profit in forex 🙂

  11. saya terjumpa broker FBS dan cuba mengunakan bonus percumanya iaitu Level Up Bonus di mana saya dapat 140 usd tanpa perlu deposit, dengan modal ini saya boleh trade untuk cuba teknik saya, sambil itu juga saya daoat keluarkan keuntungan di forex 🙂

  12. I don’t think FBS is a scam. It is true that they have a very agressive marketing and some promos (think bonuses) can mislead some newbies into frustration due to almost impossible conditions. But they are a legitimate broker even for a Forex newbie like me. The even offer free material and apps for those interested in learning before risking money (quick start bonuses). Don’t expect to get rich with any broker bonus, of course. But you can learn and practice almost for free. And they are veterans in this maket. So I think FBS is good, to me at least.

    • Thank you for your comment.

      I am sure readers will appreciate a different point of view.

      It might also help to check other reviews, for example, the Trustpilot (consumer review website).


  13. It’s hard to trade to the top. But I keep trying to trade. At least I learned and experienced in the FBS 12 Years contest. I still haven’t given up.

  14. See, that’s the thing for me. I don’t like MLMs. No matter what product they offer or what they’re about. I hate them. I cannoot deal with them because they allocate more of their budget to recruiting and bringing people in, rather than actually budgeting for their product. I cannot deal with MLMs. I do like the product you offered and recommended though, I’ve heard good things about Wealthy Affiliate and it is definitely something I want to start looking into 

    • Thanks a lot for sharing your opinion on MLMs. 

      You are absolutely right. 

      If you have questions regarding the Wealthy Affiliate, let me know, 


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