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FB Trade

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Operating status: SCAM

Website: https://24fb-trade.com/

Broker violations and abnormal records
  • 2022-05-13 The Austria FMA Added FB Trade into Its Warnings

    On 14 May 2022, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/fb-trade-ltd/


    On 14 May 2022, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/fb-trade-ltd/
  • 2022-07-25 BrokersView has Reviewed that FB Trade is an Unregulated Forex Broker

    FB Trade has a domain name that was first created in December 2021, less than one year ago. However, the website of FB Trade claims it won multiple awards in 2019 and 2020. FB Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. Here are the strong signals that it is a fraud. 

    FB Trade also claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker in UK FCA.

    Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.

    The truth is that FB Trader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

    FB Trade has a domain name that was first created in December 2021, less than one year ago. However, the website of FB Trade claims it won multiple awards in 2019 and 2020. FB Trade claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated broker always present their accreditations and licenses in a prominent position. Here are the strong signals that it is a fraud. FB Trade also claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched this broker in UK FCA.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others.The truth is that FB Trader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

Related Complaints

Q&A

How much commission do they charge?

Mark Koplan
Egypt
2022-11-22
ANSWER FB Trade is not a regulated or licensed broker for traders even though it states offers that look good to be true. FB Trade claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we did not find any results that matched this broker in UK FCA.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You can check the full warning from here.The truth is that FB Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FB Trade and trade with licensed brokers.
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