FYEB FX Limited is a forex broker officially registered on November 27th, 2023. The broker mainly serves its users through its proprietary trading platform, offering a wide range of trading markets including forex, metals, commodities, and indices, and does not operate in the United States, Iran, and North Korea, among other locations.
Corporate Registration Information and Regulatory Status:
According to official information on the FYEB FX Limited website, it is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Additionally, this broker is a registered member of THE FINANCIAL COMMISSION.
Upon verification, the ASIC's official website indicates that license number 296805 belongs to DLS MARKETS (AUST) PTY LTD, while the VFSC's website shows that the entity with license number 700455 is DLS MARKETS LIMITED. Furthermore, THE FINANCIAL COMMISSION does not list FYEB FX Limited as a registered member, but DLS MARKETS can be found in the member directory. Therefore, it can be determined that FYEB FX Limited is a fraudulent website impersonating DLS MARKETS.
Furthermore, the "Terms and Conditions" page on the broker's website only provides icons that cannot actually be opened, whereas the legitimate website DLS MARKETS offers documents that can be accessed.
Opening an Account:
To open an account with FYEB FX Limited, visit the broker's official website, click on "Open Account" to enter the registration interface, fill in your personal email address and set a login password, then submit. After submission, the account will be successfully registered. After logging in, complete the full KYC verification to make deposits and trades.
Account Types:
FYEB FX Limited offers two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit: $200
- Spread: From 1.0 pips
- Maximum leverage: 1:500
- Commission: $0
ECN ACCOUNT
- Minimum deposit: $200
- Spread: From 0 pips
- Maximum leverage: 1:500
- Commission: $6 per round trade
Trading Platform:
FYEB FX Limited claims to offer the MT4 trading platform on its official website, but in fact, it uses a proprietary trading platform, with MT4 not listing this broker.
Deposits and Withdrawals:
FYEB FX Limited supports deposits and withdrawals using credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that FYEB FX Limited is a fraudulent website of the shell broker DLS MARKETS. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
