fbssltd.com is a contract-for-difference (CFD) broker whose official website domain was registered on May 31, 2024. It primarily provides trading services for financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not offer services in jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on fbssltd.com's official website indicates that the broker is "the American subsidiary of Japan FBS, headquartered in Tulsa, Oklahoma, providing retail and commercial banking services to the Midwest and Southwest United States. It is one of the top 50 financial services companies in the United States and the largest financial services company in Oklahoma." However, the homepage of the official website shows that its headquarters is in Australia and that its subsidiaries are all authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number 488828.
Upon verification, the ASIC website shows that the company with license number 488828 is STAR FUNDS MANAGEMENT PTY LTD, not FBS. Therefore, this broker is actually a scam website with no corporate entity or regulatory oversight.
Additionally, the design and content of fbssltd.com are identical to other scam broker websites such as TNFL FX, ABUSA, Hengtuo Finance, VTPTRADE, CTRL FX, and PLSXA.
Account Opening Process:
To open an account with fbssltd.com: visit the broker's official website, click on the "Register" button on the homepage or in the top-right corner of the page to access the account registration page. Fill in the required personal information such as name and email address, set a password, and submit. Once the application is submitted, the account will be successfully registered. After logging into the account, identity verification is required before deposits and trading can be made.
Trading Account Information:
The official website of fbssltd.com only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes, with no information on account types, trading commissions, minimum/maximum trading volumes, maximum position/order sizes, or minimum price precision.
- Spreads: Floating spreads
- Trading leverage: 1:100—1:500
- Margin call/stop-out levels: 100%/50%
- Contract size: 1 lot = 100,000 currency units
Trading Platform:
fbssltd.com claims to offer a trading platform named ST5, suitable for both desktop and mobile devices, featuring over 50 technical indicators and intraday analysis tools. However, in reality, users who click the mobile download link on the official website will download Tasafeokvr from the App Store or EVJORERJG from Google Play, both of which are questionable and risky.
Deposits and Withdrawals:
fbssltd.com does not clearly disclose on its official website the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts.
Conclusion:
Traderknows reminds investors that fbssltd.com is a scam broker website with unclear registration and regulatory information and is suspected of false advertising. The website's contact option is limited to email, making it extremely restrictive. Its website design and content use the same template as other scam broker websites, such as TNFL FX, ABUSA, Hengtuo Finance, VTPTRADE, CTRL FX, and PLSXA.
Traderknows advises investors to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
