fbspro is a CFD broker whose official website domain was registered on April 30, 2024. It primarily offers trading services of financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and foreign exchange to retail and institutional clients. This broker does not offer services to jurisdictions where conducting such business might violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to public information on its official website (www.fbspros.com), the full name of the broker is fbspro Limited, established in 2018, and headquartered in London, UK. It claims to be regulated by multiple agencies, including the UK Financial Conduct Authority (FCA), the United States Financial Crimes Enforcement Network (FinCEN), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA), and the Central Bank of Ireland (CBI). However, it only displays the license number 190941 for the FCA, with no registration numbers for the other agencies.
Upon verification, the FCA's official website shows that the company with license number 190941 is Spreadex Limited, not fbspro Limited. Additionally, there is no record of a company named fbspro on the official websites of FinCEN, ASIC, FSA, or CBI.
Furthermore, besides the name "fbspro" on the broker's official website, it also refers to itself as "CTRL FX" in the English interface. In the Japanese interface, the broker's name changes to "LeSen" and "Hota Coinbase Ltd" in the same position, leading to significant inconsistency.
Therefore, fbspro (www.fbspros.com) is essentially a fraudulent broker website with no legitimate corporate entity or regulation.
Account Opening Process:
To open an account with fbspro, visit the broker’s website and click "Register" on the homepage or the top right corner. Fill in the required email address and set a login password. The broker will send a verification code to the provided email, which must be entered into the application form. After submission, the account will be successfully registered. To make deposits and start trading, identity verification is required.
Trading Account Information:
The fbspro website only provides information on spreads, trading leverage, margin call/stop out levels, and contract size. Information on account types, trading commissions, minimum/maximum trading volume, maximum open positions/order volume, and minimum price precision is not disclosed.
- Spreads: Floating spreads, from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop Out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
fbspro provides its proprietary trading platform for both desktop and mobile. This platform offers over 50 technical indicators and intraday analysis tools, along with features suitable for advanced traders.
Deposits and Withdrawals:
fbspro does not clearly disclose the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that fbspro is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like CIFX 5, sesaFXCM, MorningST, sownotx, Gildencrest Capital, and Tosta Global Limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
