The company promises to provide traders with a “solid and efficient foundation for success in the financial markets”. According to its website, the firm is registered with the Union of Comoros and has a license from the Mwali regulator. However, there is no exact date of the project’s founding and its owners are unknown.
How reliable is this platform? Will you be able to make a lot of money here or will you rather lose all your investments? We will try to find out in our FBBC review and invite you to join us if you are interested in this broker.
How to Trade
The brokerage firm offers its clients online trading on the WebTrader terminal. The main features of the platform are:
- 6 account types, each offering an Islamic account.
- More than 1,400 products on the markets of currencies, indices, crypto, and others.
- Access to major exchanges, including NYSE and NASDAQ.
Among the advantages, the broker calls trading in micro lots with a volume of 0.01 and an execution speed of 0.02 seconds. The maximum leverage is listed in different values: 1:1000 and 1:400.
Additional services are presented in the News section, the first publication is dated April 26, 2024. The personal manager service is available to registered clients with an account of $25,000 or more.
FBBC Vital Info
The owners of the resource assure traders that a “team of professionals” will help them get a “transparent and enhanced experience”. Meanwhile, there is no information about the names of managers, their education, and years of experience in the industry. Where are the guarantees of their competence? Besides, it is unknown how long this organization has been operating and who its founders are. As for the domain, it appeared only on April 29, 2024. We wonder how the first news was published on the site before it started working.
We decided to check the company’s registration with the Union of Comoros. However, we found that the brokerage firm with the number HY00423175 in the Mwali registry is called LBLV Ltd, which had received a license but it was suspended due to non-payment of the renewal fee. Judging by the design of the FBBC website, it appears to be a fresh clone of the LBLV platform. This means that the hero of our review has not received a MISA license and is not authorized to provide brokerage services. In addition, registration in Mwali is not a guarantee of safety if the company does not have representative offices and licenses in other jurisdictions in which it provides financial services.
If you want to withdraw your money from this broker, you should know that you will be able to withdraw only the amount you deposited in 90 days. Let's say you deposited €10,000 and you have €8,000 left on deposit. You can't withdraw it! You will have to add €2,000 to withdraw €8,000! How about this approach? I have explained this scheme to you so that you will not be surprised when you start trading here.
Maybe it's just me who is unlucky, but fbbc.pro has been performing very badly for the third day now, and I said that very mildly. I use intraday strategies and such failures are unacceptable in the work of the terminal. As a result, I have a loss and the intermediary has my money, as I have no doubt that the orders were not transferred to the interbank. I have a terrible experience trading with fbbc broker. Today I opened a position on EUR/USD using 1:400 leverage and the price suddenly went against me by 150 pips. I tried to close the position but the platform froze. When I finally did it, my loss amounted to 1,500 USD!!! The support service did not give any explanations. I now realize that I made a big mistake when transferring my entire deposit here from another broker, and with terminal problems at fbbc, I have nowhere to go. In short, it's a scam and I intend to go back to my old broker...
I find it strange that there are so few reviews about this firm on the net... However, it may even be good, because I will be one of the first. I have been trading forex for 5 years now and now I decided to settle on FBBC. Its pros: convenient platform, fast money transfer, large selection of currencies, hedging transactions, that is, they do not work against their clients. No requotes occur when the terminal is running. Another advantage that I would like to mention is the customer support service. Operators solve all issues as quickly as possible and in favor of the client, especially customer support is excellent with problems that sometimes arise with the withdrawal of earned money, which is of great importance for traders trading on Forex. I have traded with many brokers, but nowhere have I seen such attention and care for the client as at fbbc.pro. It is a reliable broker and I think it is a pleasure to work with it. The young platform is developing in the right direction, and the most important thing is that it is aimed at the prosperity of its clients. However, there are some minuses: there is little information about the project, there are no bonuses and promotions, and conferences are held rarely. Even at first I was indignant about such facts as complicated registration and verification, and the scheme of withdrawal of money was difficult for me, but then I figured it out and realized that it is trifles, because all these points are related to security, which is most important. However, the advantages are more significant - that is why I plan to cooperate with FBBC for a long time.
Can you guys believe this kind of crap?!! All you have to do is look closely at this site. Well, how can you enter money on such a blatant scam?!! I hope this fraudulent platform will be shut down soon. I wrote a request to the American exchange NASDAQ because they work under its brand name. All representatives of this pseudo-company immediately stopped calling me, they instantly disappeared.
An offshore company that offers 1:1000 leverage is definitely a scam. Also among the unrealistic features of FBBC is the minimum deposit amount starting at $5,000. Can you think about these numbers? And what do I get if I invest $1 million here? The broker promises to open a private EU bank account for me!!! I live in an EU country and I know how difficult it is to open an account here for a foreigner who even has a legal residence permit. Sure, it's easier to do it with $1 million, but not as easy as some people think. Besides, why take such a difficult path and deposit capital in some dubious offshore cesspit that has no reputation in the financial market!!!? The biggest brokers can't offer such conditions as FBBC, and an intermediary that has been working for 2 months and has a dubious reputation offers leverage of 1:1000. This is complete nonsense. And if you accept, you will 100% get the same total losses :) By the way, I wrote an email to Info@fbbc.com asking why they hide important trading conditions, why they have such a high leverage, and how the regulators in the EU can allow this company what is forbidden for all forex brokers? Of course, there was no answer from them.
I started trading here recently, I am doing well, I am satisfied with my results. I chose this company on the advice of a trader I know, he has been trading CFDs on cryptocurrency for 4 years. I am not a beginner either, I have been working on forex for more than 2 years, and I have been cooperating with this company for 3 months and I can already draw my conclusions. Firstly, fbbc.pro has detailed instructions and recommendations on what you need to do to succeed. However, of course, not everyone succeeds very quickly, but you will reach your goal at least slowly, and that's right!!! The terminal works perfectly without slowdowns, with precise execution of orders and without slippage, unlike many competing companies. The conditions are also good, especially I am pleased with the low spread, which is suitable for scalping :) In addition, there is no commission at all on some accounts, which is very important for micro-lot trading. The company helped me to earn more than $3k. They withdraw profits quickly, I have already withdrawn twice and there were no problems, the money is withdrawn within a day. I can't say anything specific about tech support, I haven't contacted them. Overall a good broker, you can work here with a profit. So don't be afraid to trade with fbbc, and I think you will succeed. Good luck in your endeavors!