flbrks.com is a counterfeit stockbroker impersonating Rich Bay Securities Limited, aiming to deceive and mislead investors. The broker's website exhibits obvious signs of poor craftsmanship, and the transparency of information is very low. The lack of key information such as registration details, office addresses, and staff organization causes great inconvenience to investors.
Corporate Background:
This broker is a global securities brokerage service provider, focusing on offering trading services for Hong Kong stocks, U.S. stocks, and A-shares among other global securities. The company registered its official domain name on December 28, 2023, indicating it is relatively new. Despite its official website being designed to mimic that of Rich Bay Securities Limited, it clearly suffers from poor craftsmanship. The website functionalities are incomplete, and there's a severe lack of transparency, missing crucial details like registration information, office addresses, and staff organization. This may inconvenience investors and also add to the uncertainty during the trading process.
Given the poor craftsmanship and lack of transparency on the broker's website, investors are advised to exercise extra caution when choosing to trade on this platform. It's recommended that investors carefully evaluate the credibility and reliability of the broker before making decisions and consider choosing other more trustworthy and transparent brokers to ensure the safety of their investments.
Regulatory Status:
The broker is not regulated by any financial regulatory authority. Whether it's the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), or similar regulatory bodies in other countries, there's no regulatory record of the broker. This means the broker operates in an unregulated state, lacking necessary oversight and protective measures.
Risk Warning:
Due to the lack of regulation, investors need to exercise extra caution when choosing to trade with this broker. Unregulated brokers may pose potential trading risks, including but not limited to fund safety, trade execution, and compliance issues. Investors should be aware of the risks associated with trading in an unregulated environment, assess the risks carefully before making decisions, and take necessary precautions to protect their investment interests. It is advised for investors to prioritize choosing brokers that are strictly regulated and have a good reputation to ensure trading safety and compliance.
Trading Platform:
The broker aims to provide a trading platform for investors interested in trading Hong Kong and U.S. stocks, claiming features such as ultra-low commissions, global investments, convenient account opening, and fast trading experience.
Despite claims of offering convenient download options for Apple and Android, investors cannot download the trading platform via the official website, which requires special attention. Additionally, the platform lacks key information such as trading accounts, trading times, and transaction fees, which may lead to uncertainty and risk during the trading process.
Customer Support:
The broker does not provide any effective customer support options, including phone, email, or online services. This means that investors cannot resolve issues or get help directly by contacting the broker.
The absence of effective customer support channels can cause a range of problems and inconveniences for investors. If investors encounter technical glitches, account issues, or other emergencies during trading, the inability to get timely help and support may lead to trading delays, fund safety issues, or other losses.
Conclusion:
flbrks.com impersonates Rich Bay Securities Limited, attempting to mislead investors. Despite claiming to offer global securities brokerage services, its website clearly lacks quality and key information. Moreover, the broker is not regulated by any regulatory authorities, and the absence of regulation could expose investors to potential trading risks. The trading platform claims to be convenient, but it's actually not downloadable and lacks complete information. Furthermore, the lack of effective customer support means that investors cannot get timely assistance when issues arise.
Currently, flbrks.com is marked as "Suspected Fraud" on TraderKnows.
