FBK Markets Review – Is FBK Markets a Scam Broker?
- Website: https://www.fbkmarkets.com/
- Website Availability: Yes
- Address: NA
- Warning: Not Recommended By Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
FBK Markets is a fully-fledged online trading platform through which traders can access forex, commodities, indices, and cryptocurrencies. The company purports to present a seamless interface combined with powerful trading tools to entice both beginners and experienced traders. However, many users at present are raising concerns about the legitimacy of the company.
Suspicious Activities and Complaints
Although FBK Markets appears quite genuine at face value, doubts have been raised by several aspects:
1. Deposit Issues
It was reported by various users before their last update in October 2023 that deposits made were not reflected in trading accounts when money was already deducted from the bank. One user narrated, “I made a deposit of R200 in May, and to this day, the money is not in my trading account, even though the transaction was successful.” This recurring issue is a major concern, particularly when platforms promise quick and smooth funding processes.
2. Poor Customer Support
Customer service appears to be one of the weakest links. Users would often receive vague replies such as “the matter will be escalated” without real follow-up or solutions.
“Their support agents are versatile, however. They take forever to respond, but offer no solution.”
Withdrawal Challenges
On top of that, the FBK Markets review suggests that there are delays concerning the withdrawal from their account. According to one user, the fund was requested at the Skrill withdrawal last Friday, April 19, 2024, and the next evening- well into the following Monday money was still absent. Although the company claims that all their Skrill withdrawals happen instantly, the experiences of the customers say otherwise: “Instant meaning hasn’t been understood. It’s days and nothing still happens.”
Red Flags Highlighted by Users
Common Issues Raised in Reviews:
- Deposits not reflecting in accounts.
- Forced extra deposits for trading robots.
- Delays in withdrawal and non-payment.
- Jerky or no response from customer service.
- Unreasonable promises of high returns.
FBK Markets Review: Final Verdict
FBK Markets appears attractive due to its variety of financial instruments and modern interface; however, an array of negative reviews found on platforms such as Trustpilot paint a different picture. Numerous people have cited unfulfilled promises, deposit, and withdrawal problems, which points out that the platform may not be trustworthy at all. Hence, we recommend that you trade with FBK Markets at your very own risk. Ongoing grievances add to the pile without accountability attached, thus making it hard to advocate the platform’s safety in terms of online trading.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
Take Action Today
Lost money to a scam? Don’t face it alone. Our expert team at Proupshot is here to help you recover your funds. With proven strategies like chargebacks, dispute resolution, and legal support, we guide you every step of the way.
Reach out to us today for a free consultation and take the first step toward reclaiming your money!
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