FBS provides no information as to who owns or runs the company on their website.

The company does disclose a series of linked shell companies;

FBS Inc. in the Marshall Islands

FBS Markets Inc. in Belize

HDC Technologies Ltd in Cyprus

All three are scam-friendly jurisdictions with little to no regulation of MLM companies.

FBS appears to have strong ties to India, with Alexa attributing 59% of traffic to FBS’ website to the country. Egypt is the second largest source of traffic at 4%.

FBS’ website domain (“fbs.com”) was first registered back in 1995. The current registration details are set to private.

Oddly enough FBS have excluded their domain from the Wayback Machine, making it difficult to tell when the current owners took possession of it.

FBS’ domain registration was last updated in July 2018. On their Facebook account FBS claims to have launched in 2009. Video uploads to FBS’ official YouTube channel began in 2012.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

FBS’ Products

FBS offers multi-tier trading accounts;

Cent – “perfectly suits those who are just starting on their way to success on Forex”, minimum $1 deposit

Micro – “ideal for those who want to calculate their profit precisely”, minimum $5 deposit

Standard – “for experienced market players making their way to Forex heights”, minimum $100 deposit

Zero Spread – “designed for those who prefer trading at the fastest speed”, minimum $500 deposit

ECN – for those who want to feel the full power of trading with ECN technologies, minimum $1000 deposit

FBS provides to its trader customers with access to the MetaTrader4, MetaTrader5 platforms.

MetaTrader is presumably used by FBS under license from MetaQuotes Software.

FBS’ Compensation Plan

FBS refers to its affiliates as “partners”. FBS partners earn commissions on trading activity by recruited affiliates.

Trading commissions are paid down three levels of recruitment (unilevel):

level 1 (personally recruited affiliates and traders) – 100%

level 2 – 15%

level 3 – 5%

The above percentages are paid on traded lots, which is a unit used to measure what is being traded (one lot can be a set currency amount, number of shares etc.).

Joining FBS

FBS do differentiate affiliates from customers – both partner and trading signup options are offered.

Note that FBS
do not
disclose whether there are any affiliate membership costs.

Conclusion

As a purely “do-it-yourself” trading platform, I don’t have a problem with FBS. I didn’t see any mention of automation, which is typically the downfall of trading niche MLM companies.

The MLM side of the business is also solid being only paid on trading activity. Although I’m not exactly sure how 120% commissions in total can be paid on trading lots.

Even if you factor in broker fees, how is FBS covering 120% commission payouts on traded lots? Unless I’m missing something mathematical

🤖 Quick Answer

What are the main regulatory concerns regarding FBS's corporate structure?
FBS operates through multiple entities across the Marshall Islands, Belize, and Cyprus—jurisdictions characterized by minimal regulatory oversight of multilevel marketing operations. The company does not disclose ownership or management details on its website, raising transparency concerns typical of entities operating in these less-regulated territories.

How does FBS's traffic distribution reflect its market focus?
According to Alexa data, approximately 59% of FBS website traffic originates from India, making it the primary market. Egypt represents the second-largest source at 4%, indicating significant geographic concentration in emerging markets rather than developed economies.

Why is FBS's domain history considered problematic?
The domain fbs.com was registered in 1995, but current ownership details remain private. Additionally, FBS has excluded its domain from the Wayback Machine archive, preventing public access to historical website records and

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