In today’s world, the internet is full of websites and online trading platforms. Many brokers offer their services for buying and selling a wide variety of assets. Not all of them, however, are trustworthy. Over the years, many scam brokers have emerged, claiming to be legitimate but ultimately disappearing with traders’ money. One such broker is fdbtc.com. In this review, we will examine fdbtc.com in-depth and determine whether it is a scam broker or not.
Overview:
fdbtc.com is an online trading platform that claims to offer access to multiple financial markets, including Forex, stocks, commodities, and cryptocurrencies. The website is clean and professionally designed, with all the necessary information provided, including account registration, trading conditions, and customer support.
Is fdbtc.com Regulated?
No, fdbtc.com is not a regulated broker. They claim to have a license from the Global Financial Services Authority (GFSA), but we could not find any evidence of such an authority online. The lack of regulation means the broker does not need to follow any set of guidelines or rules, putting traders’ capital at risk.
Warnings from Financial Regulators:
Despite fdbtc.com claims, the warning signs about its legitimacy are evident. Various financial regulators in different countries have listed fdbtc.com as an unregulated broker, warning traders not to invest their money in the platform. The Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), and the Financial Markets Authority (FMA) in New Zealand have all issued warnings against the broker.
What Currency Pairs Do They Offer?
fdbtc.com claims to offer a wide variety of currency pairs to trade, including the most popular ones such as EUR/USD, USD/JPY, and GBP/USD, and even exotic pairs like USD/ZAR and GBP/NZD. However, the legitimacy of the broker’s offerings is questionable, since they are not a regulated broker.
Customer Support:
fdbtc.com offers several methods of customer support, including email and live chat. However, despite the broker’s claim of 24/7 support, we found that their live chat was often offline. Additionally, many traders have reported poor customer service and difficulties in withdrawing their funds, reinforcing the belief that the broker is a scam.
Trading Platform:
The trading platform offered by fdbtc.com is a web-based platform without any additional downloadable software. The platform design is clean and user-friendly, but it lacks the professional trading tools that experienced traders require. Moreover, there is no mention or evidence of using the latest SSL encryption technology, which means that traders’ data security and privacy are at risk with the broker’s platform.
What Do Traders Think About fdbtc.com?
We conducted extensive research to find out what traders think about fdbtc.com, and all the reviews we found were negative. Several traders have reported that the broker is a scam, with many complaining that they have been unable to withdraw their funds or facing excessive account fees and charges.
What To Do If You Get Scammed?
If you have invested your money with fdbtc.com and believe that you have been scammed, there are several steps you can take. First, you should immediately cease trading and withdraw all of your remaining funds from the platform. You should also contact the appropriate authorities and authorities in your country to report the scam. Additionally, you could consider hiring a reputable recovery agent to recover your lost funds.
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Final Thought:
In conclusion, fdbtc.com appears to be a scam broker providing false investment plans and claiming to be licensed while they are not. They lack regulation, which puts your capital at risk, and their customer service seems intensive in a way that is unfavorable to traders. Moreover, the negative reviews we found further increased our suspicion of their authenticity, so we recommend that traders should stay away from fdbtc.com. If you’re looking for a reliable and trustworthy broker, you shouldn’t put your investment in such a company that lacks financial authorities’ approval.
