Is FBS Legit or a Scam? 5 Key Questions Answered (2025)

You are likely looking at FBS (specifically the entity registered in Belize around 2019) and wondering if it is a safe place to put your money. It is crucial to distinguish this entity from other branches of the brand, as safety often depends on which specific entity you register with.

Here is what the WikiFX data reveals about this specific platform's safety:

• WikiFX Score:1.55 / 10 (This is a High Risk score).
• Establishment: Registered in 2019 in Belize.
• Safety Warning: The data summary indicates a high number of complaints (7 in recent months) and regulatory issues.

Question 1: Is my money safe with FBS?

When it comes to safety, we strictly look at the license. A license is like a driver's license for a broker—without it, they shouldn't be on the road.

• The Evidence: According to WikiFX, this entity claims a license from the Belize FSC (Financial Services Commission), but the status is marked as “Unverified” or “Unauthorized”.
• The Verdict:No. You should treat this entity as Unregulated.
• What this means for you:

When a broker's license is “Unverified,” it means the regulator does not recognize them as compliant, or the license they claim to have is not currently valid. This presents a massive Counterparty Risk. If this broker decides to freeze your account or if they go bankrupt, there is no government overseer to help you get your money back. You are essentially trusting a private company with no “watchdog” ensuring they play by the rules.

Question 2: Why aren't there any specific complaint details here?

We checked the specific casesText database for this report and found 0 detailed user stories listed in this specific view.

However, please be careful:

While we don't have the text of the stories right here to show you, the WikiFX Summary explicitly warns that there have been 7 complaints filed against this broker recently.

• What this means: “No specific text” does not always mean “No problems.” The low score (1.55) and the warning in the summary suggest that traders are having issues, likely related to withdrawals or customer service.
• The Lesson: Never judge a broker solely by the lack of visible reviews. The Regulatory Status (Question 1) is always a more accurate predictor of safety than user comments.

Final Verdict: Should I open an account?

Based on the data, we strongly advise against opening an account with this specific FBS entity (Belize, 2019).

• The Score is too low (1.55/10).
• The License is Unverified.
• There is a pattern of complaints flagged in the system summary.

Recommendation:

There are many brokers with scores above 7.0 and valid Tier-1 regulation (like the FCA or ASIC). It is not worth risking your capital with an unverified offshore entity.

Brokers change their terms often. Before you click “Deposit”, take 5 seconds to verify their live status and latest certificate on the WikiFX App.