Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalClaims FCA and ASIC authorisation with no licence numbers or links; no authorised entity exists and the broker solicits deposits unlicensed.
Identity & transparency
9/10 · CriticalThe named entity FSG BROKERS LTD is not on the UK register, and no address, phone, email or registration number is published.
Withdrawals & conduct
3/10 · LowNo fund-integrity complaints exist for this website, but it is brand new and traceless, so successful withdrawals cannot be confirmed either.
Reputation
5/10 · ModerateNo reviews, complaints or independent listings exist for a site that claims over a million clients, so its scale claims are unsupported.
Website claims
9/10 · CriticalFalsely claims FCA and ASIC regulation, a 2020 founding, 1M+ clients and awards, with 500x leverage, on a five-month-old domain.
Operational history
8/10 · CriticalThe only verifiable history is a domain created in April 2025 (about five months); the advertised 2020 founding is unevidenced.
Who they are
A quick desk file on the company behind the brand.
- Brand: FSG Brokers (FSGBrokers)
- Legal entity: 'FSG BROKERS LTD' is named in the site footer, but no company of that name exists on the UK register.
- Registered: No verifiable address, registration number or country of incorporation is published.
- Website: fsgbrokers.com, created in April 2025.
- Only licence: None. The site claims FCA and ASIC oversight but shows no licence numbers and no register entry exists.
- Offers: Leveraged trading in currencies, commodities, stocks and crypto, advertised with up to 500x leverage.
- Not accepted: Not disclosed; the site lists no restricted countries.
- Age claim: Advertises 'Founded 2020' and more than 1,000,000 clients; the domain is about five months old.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Financial Conduct Authority
Australia Securities & Investment Commission
Why we reached this verdict
How the evidence adds up.
We reached a likely-scam assessment because the broker makes specific claims that the public record flatly contradicts.
- Regulation claimed but absent. The site presents 'FCA Authorized' and 'ASIC Regulated' badges, but gives no firm reference number and no link to either regulator. A genuinely FCA-authorised firm must be a UK-registered company, and no company named FSG BROKERS LTD exists on the UK register.
- The company does not legally exist. A search of UK Companies House returns no FSG BROKERS LTD. The entity named in the footer has no legal existence, yet the site invites visitors to deposit money into 'segregated accounts'.
- The history is invented. The domain was created in April 2025. The site says it was founded in 2020 and serves more than a million clients from four offices. A five-month-old website cannot have a six-year, million-client history.
- No footprint. A real broker with a million clients leaves traces. There are no reviews, no complaints and no independent listings for this website anywhere.
- Unrealistic terms. It advertises up to 500x leverage, far beyond anything a tier-1 regulator allows, wrapped in buzzwords like 'Quantum Core' and 'Decentralized Protocol'.
We assess the risk of fraud as high. Taken together, these are the hallmarks of an unlicensed operation using fabricated credentials to attract deposits.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Regulation page presents 'FCA Authorized' and 'ASIC Regulated' badges and says client funds sit in 'segregated accounts at Tier-1 banks', but it publishes no licence numbers and no links to either regulator.
StrongFSG Brokers websiteE2A search of the UK register returns no company named FSG BROKERS LTD, so the operating entity named in the site footer has no legal existence while the site solicits deposits.
StrongUK Companies HouseE3The domain fsgbrokers.com was created on 30 April 2025 (about five months old), which contradicts the site's claims of being 'Founded 2020' with more than 1,000,000 clients, 120+ employees and 4 offices.
E4There is no Trustpilot page and no reviews, complaints or independent listings for fsgbrokers.com anywhere, despite the claim of more than a million clients since 2020.
E5The site advertises up to 500x leverage, which no tier-1 regulator permits, and markets itself with 'Quantum Core' and 'Decentralized Protocol' language while publishing no address, phone or email.
ModerateFSG Brokers websiteE6A separate, similarly named operation on a different website (a different domain, with its own unregulated record and withdrawal complaints) appears on a third-party broker directory. It is a different business and its record is not attributed to this broker.
WeakA third-party broker directoryE7No regulator warning list we checked names fsgbrokers.com, which is neutral because such lists lag new sites by months and absence is not clearance.
WeakRegulator warning-list sweep (FCA, IOSCO, ASIC)
The other side
The strongest case in this broker’s favour.
In fairness, we looked for innocent explanations before settling on this view.
- Could it be a new regional arm of a real group? We found no parent group, no genuine licence, and no registered company in any jurisdiction that links to this site.
- Could the FCA or ASIC licence simply be very recent? A new licence still requires a registered company, which does not exist here, and the site claims a 2020 founding rather than a recent launch.
- Is the name being confused with another firm? A separate, similarly named operation on a different website appears on third-party directories with its own complaints. We treated that as a different business and did not count its record against this site.
- Could the thin footprint just mean it is new? It is new, but the site itself claims a million clients since 2020, so the total absence of any trace points to the claim being false rather than to a quiet start.
None of these explanations survived once the records were checked.
What would change this
What we would need to see to revise the verdict.
We would revise this assessment if the facts changed.
- A valid FCA firm reference number or ASIC licence that resolves, on the regulator's own register, to this website and a real company.
- A genuine company registration for the operating entity, with a verifiable address and incorporation date.
- Evidence that the business actually dates to 2020, such as an older domain or archived trading history under a named predecessor.
- A body of independent, verifiable client reviews describing successful deposits and withdrawals.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is FSG Brokers a scam?
We assess FSG Brokers as very likely a scam. It claims FCA and ASIC regulation it does not hold, names a company that does not legally exist, and advertises a six-year history on a website that is only about five months old. We recommend avoiding it.
Is FSG Brokers a fraud?
We did not find a regulator or court finding of fraud against this specific website. What we did find is that it claims tier-1 regulation it does not hold and names a non-existent company, which are hallmarks of a fraudulent operation. We assess the risk of fraud as high.
Is FSG Brokers regulated by the FCA?
No evidence supports this. The site shows an 'FCA Authorized' badge but gives no firm reference number, and no company named FSG BROKERS LTD is registered in the UK, which an FCA-authorised firm must be. Treat the FCA claim as false.
Is FSG Brokers regulated by ASIC?
We found no Australian Financial Services Licence or Australian entity for this broker. The 'ASIC Regulated' badge carries no licence number and is unsubstantiated.
Is FSG BROKERS LTD a real registered company?
No. A search of UK Companies House returns no company named FSG BROKERS LTD. The entity in the site footer has no legal existence that we could find in any registry.
Can I withdraw my money from FSG Brokers?
We cannot confirm that withdrawals work. The operator is unlicensed and legally untraceable, so there is no regulator or compensation scheme to help if funds are not returned. Deposit at your own risk, which we assess as high.
Is my money safe with FSG Brokers?
We do not consider it safe. The site promises 'segregated accounts at Tier-1 banks', but there is no licence, no real company and no oversight behind that promise.
How old is FSG Brokers and when was it founded?
The website domain was created in April 2025, so the operation is only about five months old. Its claim to have been 'Founded 2020' is not supported by any record we found.
Who owns FSG Brokers?
Ownership is not disclosed. The site names no real directors or company, publishes no address, phone or email, and the entity it does name is not on any register.
Is FSG Brokers a clone of another broker?
We did not find it impersonating a specific named, regulated firm, so we did not classify it as a clone. It appears to fabricate its own FCA and ASIC claims rather than copy another firm's licence number.
What should I do if I already deposited with FSG Brokers?
Stop sending any further money, especially any 'fee' or 'tax' requested before a withdrawal. Save all records and screenshots, contact your bank or card provider about a chargeback, and report the site to your national financial regulator.
What should I check before depositing with any broker?
Confirm the licence number on the regulator's own website, check the legal entity exists in a company registry, verify the domain's age, and look for independent reviews describing real withdrawals. FSG Brokers fails every one of these checks.
Scan history
How this broker’s safety assessment has changed across scans.
What changed since October 2, 2026
- October 2, 2026CurrentLikely scam76% risk
- October 2, 2026Likely scam80% risk
Past scans are archived snapshots kept for transparency and are not indexed by search engines.
What we recommend
The practical takeaway from everything above.
Our recommendation is to avoid depositing money with this broker.
- Do not send funds, and be wary of any 'account manager' who pressures you to deposit or to pay a fee before you can withdraw.
- If you have already deposited, stop sending money, gather your records, and ask your bank or card provider about a chargeback.
- Verify any broker's licence yourself on the regulator's own website before depositing.
- Report the site to the financial regulator in your country.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 2, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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