TRADER SUFFERED FROM LOSSES DUE TO ENTRY MANIPULATION BY FBS

“FBS turns into a scammer,” said by a victim who recently have reported some trading manipulation by broker FBS. It is known that not only manipulating withdrawal can be considered as a trading scam, but several things involved that can make traders get cheated.

As the victim reported, he had positions on 02/09/2021, and during the trade he realized the need to update his SL (stop loss) because the trade came against him and market was near to his SL. He stated that was done because he didnt want to get kicked out by the price. That was why he planned to adjust his SL point. His old SL was 1.18689 and he updated the SL to 1.18700, and then closed the trading app because of a prayer time.

After he resumed the app, surprisingly he found his account was empty. He didnt know what had happened, but when he was checking his orders after they kicked him out of the trading, he then found that the FBS used his old SL instead of the new one he updated, leading his account being blown up. So guys, stay away from these monsters please, THEY ARE SCAMMERS.

FBS was founded as an international broker that serves clients from over 150 countries since 2009, with its excellence by numerous prestigious awards and cutting-edge technologies on the forex market. While at the very beginning the broker was established in Belize only, lately, FBS became also a Cyprus broker. That definitely helps to expand its service to an European population for both newbie and professional traders.

Being regulated and set by the European legislation environment brings greater capabilities to a broker with useful tools and fully authorized trading service, which push FBS development even better.

FBS generates its revenue primarily from spreads which is the difference between bid and ask prices as well as swap rates charged on holding positions overnight. FBS doesnt offer ECN accounts and therefore is not charging trading commissions. Spreads start as low as 1.0 pip and increase depending on the liquidity of the currency pair. The broker offers “Swap Free Islamic Accounts” in order to offer their services to Muslim traders who are prohibited by their faith from accepting or being charged interest.

For more reviews on the broker FBS, traders can download WikiFX App.

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