Demo Account Guide
Demo Account Guide
R

Is FBS Scam Broker?


Andrew

Jun 29 2019 04:16

Hi guys, I want to ask about FBS, are they scam broker? They almost changed their domain every week. 


Daniel Robson

Jul 2 2019 09:26

Hi Andrew,
Regarding the scam or not, we don't know. But I think as long as the broker is regulated by an internationally credible regulatory body, like CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC, and FMA, it will be safe. They are a credible regulatory body that has been tested and will give strict sanctions to brokers that violates the agreements.


Anya Watson

Jul 4 2019 11:15

@Andrew

Not always forex brokers that frequently change their domains are scam brokers. Brokers do this because their official page or old domain is blocked in several countries, the impact is the website cannot be accessed anymore. 

Then the broker creating an official website page using the new domain. As for the safety factor, of course, pay attention to their regulatory body. 


Anya Watson

Jul 5 2019 11:15

@Andrew

Not always forex brokers that frequently change their domains are scam brokers. Brokers do this because their official page or old domain is blocked in several countries, the impact is the website cannot be accessed anymore. 

Then the broker creating an official website page using the new domain. As for the safety factor, of course, pay attention to their regulatory body.