FBS (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that FBS (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
I trusted FBS (Imposter) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Easy withdrawals|Regular platform improvements
Cons: Wait times can be long during peak hours
After using FBS (Imposter) for the past year and a half, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Easy to use platform|Transparent fees|Educational resources|Wide product range
Cons: Wait times can be long during peak hours|No fractional shares
Tried to withdraw my funds from FBS (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I am in a dispute with FBS (Imposter) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Clean UI|Helpful community forum
Cons: Limited cryptocurrency options
FBS (Imposter) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: High security standards|Intuitive for beginners|Full transparency
Cons: Cannot customize dashboard fully
I wanted to transfer my portfolio from another broker to FBS (Imposter). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Professional team|Intuitive for beginners
Cons: Limited demo account features|Slow to add new assets
The mobile app from FBS (Imposter) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Professional team|Responsive team|Regular platform improvements
Cons: Search feature is basic|Research section could be deeper
After since early this year with FBS (Imposter), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: High security standards|Quick verification
Cons: Minimum deposit could be lower
I referred a friend to FBS (Imposter) after doing extensive research. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multi-currency support|API access|Reliable uptime|Dividend tracking
Cons: Wait times can be long during peak hours|Limited social trading features