Fibinance Review: Awful Forex Scam

Fibinance Review: Awful Forex Scam

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Fibinance ( is another rotten CFDs and Forex scam to hit the lucrative trading world. With claims of offering commodities, Forex, and stock pairs, Fibinance is ripping off anyone who signs up. Members of this platform have started coming out after being blocked from accessing their funds. Whoever sends a withdrawal request is greeted with their accounts being terminated. Read this full detailed FIBINANCE Review and get the whole truth.

Fibinance Review

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Fibinance Review

After receiving touching emails from members who were scammed, we decided to conduct a thorough investigation. Fibinance is clearly up to no good as the number of complaints increase by the day. To keep the good Forex trading name clean, we have to expose rogue brokers who target unsuspecting investors.  Read reviews to know which platforms to avoid and which ones make reasonable profit margins.

With most scam websites, empty claims and promises is what drives investors to sign up. Welcome bonus is another trap scam artists are using to lure investors to deposit more funds with them. Fibinance is not left behind as they offer a 25% and 50% welcome bonus to anyone who signs up. These bonuses are a major hurdle when time comes to withdraw funds. Scam artists will demand you deposit the amount they gave you as bonus before withdrawing.

About Fibinance

According to the details posted at the bottom of their homepage, BestProducts Ltd is the company behind Fibinance. An address is posted as Sofia 1202 Bulgaria which is a complete lie. We checked with the company register and found no company under this name, or the registration number. Can you know who exactly is running the show and where the platform is actually located?

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Anonymity gives scam artists the freeway to destroy the lives of investors who deposit funds. Recovering these funds is next to impossible as these scam artists are using fake credentials. Make sure to stay away from such illicit platforms which have no bearing in the financial world. Thanks to our years of trading experience, we know how to spot tricks used by scam artists. Continue reading this detailed review and find out some of the traps set to trap investors.

Is Fibinance licensed or registered?

Scam artists will do or say anything to ensure their platforms get the reputation they crave. With scams on the rise, investors should note that posting of fake and random registry numbers is on the rise. Fibinance is not licensed or registered anywhere on the face of the planet. We checked with the Bulgarian authorities to find out whether they have licensed this platform. The Financial Supervision Commission (FSC) has never heard of this platform. .

Another disturbing feature with the platform is lack of proper documents to support their registration details. All what these scam artists have done is post random numbers hoping no one will investigate. Search done by our investigative team is clear this is another online investment scam platform on the loose. Why have they failed to post any copies of their license or registration certificates? You would expect the broker to provide proof when asked by concerned investors.

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Advantages of Fibinance

At the start of this review, we asked readers to stay away from this platform for a reason. We said scam artists will go to unimaginable lengths to make their platforms appear legit. Paid reviews will have comments from anonymous people who claim to have made a fortune with this platform. Stay away from this platform and sign up with industry leading brokers.

Disadvantages of Fibinance

Account offered

Fibinance Account Types

Fibinance is furnishing users with three different account types to choose from. Accounts are listed as Bronze, Silver, and Gold. What we found disturbing with these accounts is the high minimum deposit requirement. Bronze account which happens to be the basic account asks for $500 to start trading. Clearly, this platform has other ideas such as milking every penny from investors.

Demo Account

We were shocked to learn that they are using a rigged demo account to fool investors. With this demo account, the scammers have ensured profits are at a constant 98%. By doing this, they hope to entice investors into believing they can mirror the same results. Now you know not to sign up with their demo account.

Deposit and withdrawal

What we discovered is this platform offers bank transfer only as their mode of depositing. We strongly suggest you stay away as once you deposit funds, you will never withdraw them. Withdrawing is a major concern as the platform also charges withdrawal fees. On top of that, you will never be able to withdraw funds as this is clearly a pyramid scheme. Ensure you stay away from such platforms and use recommended products.

Unresponsive Customer support

Another problem we have with this platform is having no live chat support. You would expect with this day and age, a broker to offer live chat support. Once you send them an email, they may take days to respond to it. What we noticed with their customer support staff is they only seem to answer deposit queries. It seems these scam artists are using emails to know which members want to get out of their platform.

Are funds safe with Fibinance?

What you need to know is that this platform is never going to allow members to get a penny. Members are actually depositing funds to a personal bank account. We suspect the account number belongs to the owner of this scam. Insurance is another problem as this platform does not insure any funds deposited.

Is Fibinance a scam?

Fibinance Trading Platform

Evidence is clearly pointing out to the fact that Fibinance is a scam. From lack of proper license details to having no customer service etiquette, this is a shoddy broker. Mark their emails as Spam and never click to any links sent by their email marketing team.

Bottom line

We will be adding this platform to our scam blacklist and hope authorities will investigate. Scams such as this must be exposed to ensure the trading world is safe and secure.

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Wishing investors and traders a happy trading experience.

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