Is FSGBrokers a scam?
Wikilix independent safety report
FSG Brokers (fsgbrokers.com) is very likely a scam, and we rate the risk to any money deposited as high. The site claims to be regulated by the UK FCA and Australia's ASIC, but it holds no such licen…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about FSGBrokers: its history, the licences it holds, its trading conditions and its fees.
FSGBrokers Broker Overview
FSGBrokers is an online trading brand operating at fsgbrokers.com, which names FSG BROKERS LTD as its operating company in the site footer. The site advertises forex, crypto, index, commodity and share CFD trading with leverage up to 500:1 across four platforms of its own, and states that the business was founded in 2020. No licence number, company registration number, office address, telephone number or email address is published anywhere on the site, and no account can be opened through it.
FSGBrokers Regulation and License
FSGBrokers claims regulation but documents none. Its Regulation page lists the phrases FCA Authorized and ASIC Regulated as bullet points, alongside Segregated Funds and Regular Audits, and stops there. It names no licensed entity, no licence number, no jurisdiction and no link to either authority's public register, which is exactly what a reader would need in order to check the claim. No licence of any kind was found for FSG BROKERS LTD during this research.
Is FSGBrokers Regulated?
No confirmed regulation was found. The Financial Conduct Authority and the Australian Securities and Investments Commission are both named on the site, but as unsupported labels rather than as licences, and neither claim can be checked because no licence number and no licensed entity is given. Until FSGBrokers publishes a licence number and the name of the company holding it, its regulatory position has to be treated as claimed and unconfirmed.
FSG BROKERS LTD
FSG BROKERS LTD is the company named in the FSGBrokers footer, and it could not be located on any official register. A search of UK Companies House, covering active and dissolved companies and the variants FSG Brokers, FSGBrokers, FSG Broker and F S G Brokers, returns no match. The name is likewise absent from the cross jurisdiction company index and from the Global Legal Entity Identifier Foundation database. The site publishes no registration number, incorporation date or registered office to check against.
Is FSGBrokers Safe?
FSGBrokers cannot be shown to be safe on the information it publishes. There is no confirmed regulator, no traceable legal entity, no client agreement or terms of business, and no risk disclosure. The site states that client capital is held in segregated accounts at Tier-1 banks, but names no bank, no custodian and no auditor, so the statement rests on nothing a client could verify before transferring money.
FSGBrokers Spreads, Commissions and Fees
Published pricing is limited to headline figures with no fee schedule behind them. FSGBrokers advertises forex spreads from 0.0 pips, a target spread of 0.5 on indices, a maker fee of 0.05% on crypto and zero commission on shares and ETFs. No forex commission rate, swap table, inactivity fee, deposit fee or withdrawal fee is published, and no document sets out the conditions under which those headline figures apply.
FSGBrokers Leverage
FSGBrokers advertises maximum leverage of 500:1 on forex, 200x on crypto, 100:1 on commodities, 20:1 on indices and 5:1 on shares. Leverage of 500:1 sits far above the retail limits enforced in the United Kingdom and Australia, the two jurisdictions whose regulators the site names.
FSGBrokers Trading Platforms
FSGBrokers lists four platforms of its own: a Web Terminal, a Desktop Pro application for Windows and Mac, an FSG Mobile app for iOS and Android, and a FIX API. None of them is reachable. The site carries no download link, no terminal login, no app store listing and no FIX specification, and it offers no third party platform such as MetaTrader 4, MetaTrader 5 or cTrader.
FSGBrokers Support
FSGBrokers states that support is available around the clock by live chat, email and telephone in 15 languages, and then publishes no way to use any of them. The site carries no email address, no telephone number, no live chat window, no contact form and no office address.
FSGBrokers Pros and Cons
- Pro: the site is live and sets out its headline trading terms, leverage caps and asset coverage in one place.
- Pro: it names an operating company rather than trading anonymously.
- Con: no licence number is published for either authority the site names, so neither regulatory claim can be checked.
- Con: the named operating company cannot be found on any official register.
- Con: no terms, client agreement, risk disclosure or privacy policy is published.
- Con: no contact details of any kind, and no way to open or fund an account.
FSGBrokers Review and Assessment
FSGBrokers presents itself as a regulated multi asset broker, and the material behind that presentation is missing. The two regulators it names appear only as labels, the company it names cannot be traced, and the platforms, funding channels, legal documents and support channels it advertises are described but not provided. The single most important thing to establish before sending money to FSGBrokers is the one thing the site does not offer: a licence number and a registered company that a reader can look up independently.
Website snapshots
One full-page capture of FSGBrokers's own site, archived so what it said can still be read after the page changes.
Regulatory Licenses
We have not confirmed any regulation for FSGBrokers. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for FSGBrokers. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Country availability
Where FSGBrokers says it will and won't take clients
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check FSGBrokers's terms.
How we know — 7 sources
- 1The official website at https://fsgbrokers.com was reached and read in full, and it publishes no country policy of any kind: no jurisdiction is named as accepted and none is named as refused, so all four lists are empty rather than unknown.
- 2No client agreement, terms and conditions, legal page or document library exists. Every candidate path, including /terms, /terms-and-conditions, /legal, /client-agreement and /documents, and their /en/ locale forms, returns the site's single home page rather than a document.
- 3No dedicated countries page exists. /restricted-countries, /prohibited-countries, /accepted-countries and /where-we-operate all return the home page, and the site has no FAQ, help centre or on-site search.
- 4There is no registration or account-opening form anywhere on the site, so there is no onboarding country selector to read. The site makes no data requests at all and carries no country list in its own code.
- 5No anti-money-laundering or know-your-customer policy, no deposit or withdrawal page and no partner or introducing-broker terms are published. /aml, /aml-policy, /kyc, /deposit, /deposits-and-withdrawals, /funding, /payment-methods, /partners and /ib all return the home page.
- 6No regulator filing could be consulted for the named operating entity, because the site names no licence or licence number and no company of that name appears on any registry checked.
- 7The footer carries a single line naming FSG BROKERS LTD and a system status indicator. There is no risk disclaimer, no 'not directed at' wording and no per-language or per-region site variant.
Corporate Network
One legal entity behind the FSGBrokers brand.
- FSG BROKERS LTDinactiveUnited KingdomNamed in the site footer as the operator. No company under this name, or any close variant, appears on the UK Companies House register, including dissolved companies, and no cross jurisdiction or Legal Entity Identifier record was found. No registration number, incorporation date or registered address is published.
Company Registration
FSGBrokers names FSG BROKERS LTD as the operating company. We could not confirm that registration on the registry.
- Legal entity
- FSG BROKERS LTD
- Registry
- UK Companies House
Brokers worth comparing
One other broker on the record shares what FSGBrokers offers — its country, regulator, account types or platforms — set beside it on the same measures.
FSGBrokers
This recordUnited Kingdom · since 2020· FSG BROKERS LTDWikilix score 0.0RegulationNo RegulationMax leverage1:500PlatformsNot recordedLicencesNot recordedHCFX
United Kingdom · since 2018· Hamilton Court Foreign Exchange LimitedWikilix score 0.0RegulationNo RegulationMax leverageNot recordedPlatformsNot recordedLicencesNot recorded
Frequently Asked Questions
Common questions about FSGBrokers
You cannot open one through the website. FSGBrokers has no registration form, no login and no application process anywhere on its domain. If somebody offers to open an FSGBrokers account for you, they are doing it outside the site, and nothing on the site confirms they act for it.
It cannot be shown to be. There is no confirmed regulator, so no compensation scheme and no ombudsman covers a client, and there is no traceable company to bring a claim against. The site states that client capital sits in segregated accounts at Tier-1 banks, but names no bank, no custodian and no auditor.
Only headline figures are published. FSGBrokers advertises forex spreads from 0.0 pips, a 0.5 target spread on indices, a 0.05% maker fee on crypto and zero commission on shares and ETFs. No forex commission rate, swap table, inactivity fee or withdrawal fee is published, and no document says when the headline figures apply.
The site advertises more than 5,000 instruments across six asset classes: around 80 forex pairs, 50 or more crypto pairs, 15 or more major indices, commodities including gold, silver and crude oil, and CFDs on 2,000 or more shares and ETFs. None of this could be checked against a live platform, because no platform is reachable.
FSGBrokers does not say. The site publishes no restricted countries list, no terms of business and no onboarding form with a country selector, so neither the markets it serves nor the ones it refuses are stated anywhere.
There is no published way to contact FSGBrokers. The site carries no email address, no telephone number, no live chat window, no contact form and no office address, although its Contact Support section states that help is available around the clock in 15 languages by chat, email and phone.
FSGBrokers publishes no withdrawal processing times, limits or fees. There is no client agreement or terms document setting out when or how money can be taken out, which leaves nothing a client could hold the firm to.
There is no published way to do either. FSGBrokers lists no payment methods, no bank details, no crypto addresses and no deposit or withdrawal page, and the site has no account area through which a transfer could be made. Any funding instruction presented in the broker's name does not come from the website.
FSGBrokers names four platforms of its own: a Web Terminal, a Desktop Pro application, an FSG Mobile app and a FIX API. None of them can be reached. There is no download link, no terminal login, no app store listing and no FIX specification, and no third party platform such as MetaTrader 4, MetaTrader 5 or cTrader is offered.
FSGBrokers advertises up to 500:1 on forex, 200x on crypto, 100:1 on commodities, 20:1 on indices and 5:1 on shares. Leverage of 500:1 is well above the retail caps enforced in the United Kingdom and Australia, the two jurisdictions whose regulators the site names.
FSGBrokers does not publish a minimum deposit. The site has no account types page, no funding page and no fee schedule, so the sum needed to start is not stated anywhere before money is sent.
No company of that name could be found. A search of UK Companies House covering both active and dissolved companies returns no match, under that name or the variants FSG Brokers, FSGBrokers, FSG Broker and F S G Brokers. There is also no Legal Entity Identifier record for it.
The site names FSG BROKERS LTD in its footer and nobody else. No directors, shareholders or officers appear anywhere on the site, and no registration number or registered address is published. The About section says only that the firm was founded by a team of former Wall Street quants and blockchain engineers.
FSGBrokers shows the pattern of one, although no client loss has been traced to the site itself. It advertises authorisation by two major regulators while the company it names as its operator cannot be found on any official register, and it publishes no terms, no contact details and no way to open an account. Treat it as unsafe to fund.
No regulation has been confirmed for FSGBrokers. Its site states FCA Authorized and ASIC Regulated on the Regulation page, but gives no licence number, no licensed company and no link to either register, so neither claim can be checked. A firm authorised by either body is required to publish its reference number.
Comments
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