Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalAdvertises authorisation by two tier-1 regulators, the FCA and ASIC, with no licence number, no licensed entity, no verify link and no register presence we could establish; no licence of any kind was found.
Identity & transparency
9/10 · CriticalNo address, telephone, email, company number or named officer anywhere on the site, and the one entity it does name, FSG BROKERS LTD, does not exist on the UK register of companies.
Withdrawals & conduct
3/10 · LowNo fund-integrity or service complaints found on any platform, but this reflects a complete absence of any traceable client base and payment facility rather than demonstrated reliability.
Reputation
7/10 · HighZero footprint anywhere: no Trustpilot profile, no forum or community mention, no reviews good or bad, which directly contradicts an advertised client base of over one million.
Website claims
10/10 · CriticalMultiple outright falsehoods: tier-1 licences it does not hold, 'Founded 2020' against a 2025 domain, a million clients, 120 staff, an unnamed award, and a Live Markets panel showing invented prices contradicting the live feed on the same page.
Operational history
8/10 · CriticalVerified operating history is about 17 months from the domain record, and that is an upper bound because the named company cannot be dated at all; the site advertises five more years than the evidence supports.
Who they are
A quick desk file on the company behind the brand.
What the operation actually discloses about itself, which is very little.
- Brand: FSGBrokers, styled on the site as a 'Future Trading Protocol'.
- Legal entity: FSG BROKERS LTD. The name appears once, in a footer line, and nowhere else. No company of that name exists on the UK register of companies.
- Registered: no registered address is published anywhere, and no company number, no telephone number and no email address either.
- Website: fsgbrokers.com, created on 30 April 2025 through the registrar Hostinger, on parking nameservers.
- Only licence: none. The site names the FCA and ASIC but gives no licence number, no licensed entity and no way to check.
- Offers: forex, crypto at up to 200x leverage, indices, commodities, stocks and ETFs, plus a web terminal, a desktop platform, a mobile app with face recognition login and a FIX API. We could locate none of these: no MetaTrader server carries the name and no app exists in either store.
- Not accepted: no restricted countries are listed, because the site publishes no terms of business at all.
- Age claim: 'Founded 2020', against a domain created in April 2025.
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.
Six findings drive this verdict, and they all point one way.
- It claims two of the strictest licences in the world and shows neither. The regulation page is headed 'Safety and Compliance' and promises that client capital is held in segregated accounts at tier-1 banks. Beneath it sit four badges: 'FCA Authorized', 'ASIC Regulated', 'Segregated Funds' and 'Regular Audits'. We read the full site content. Those badge lines are the only mention of the FCA or ASIC anywhere in it. A genuinely authorised firm publishes its firm reference number, because that number is how a client checks the claim. This one publishes nothing to check.
- The company it names does not exist. We searched the UK register of companies for FSG BROKERS, FSG BROKER and FSGBROKERS, covering active and dissolved companies. All three returned no results. The FCA authorises legal entities, so a firm that is not a registered company cannot be an FCA authorised one under that name.
- Nothing supports an Australian presence either. The national business register shows no company or business named FSG Brokers, so the 'ASIC Regulated' badge has no Australian entity behind it.
- The advertised history is five years longer than the evidence allows. The .com registry records fsgbrokers.com as created on 30 April 2025. The site says 'Founded 2020'. There is no archived copy of the site from any earlier date and no predecessor domain is named, so the operating history is about 17 months, not six years. Because the company itself cannot be dated, even that figure is an upper bound.
- The scale claims collapse against the public record. A business with a million clients leaves traces. This one has no Trustpilot profile, no discussion thread, no complaint and no positive review on any platform we swept. The claims of 120 employees, four offices and a fintech award are equally unsupported.
- There is no brokerage behind the shop window. No account can be opened, no money can be paid in, and no terms, privacy policy or risk warning exists. Every address on the site returns the same single page. Most telling, the panel labelled 'Live Markets' is filled with fixed numbers: it shows Bitcoin near 91,180 dollars while the genuine market feed embedded a few centimetres above it reads about 86,200. Those prices are decoration, not quotes.
Taken together we assess the risk of fraud as high. We want to be exact about what that rests on: it rests on false statements about regulation, age and scale, not on any client telling us money went missing. No regulator has published a warning about this operation, and we found no enforcement action and no fraud-related court record naming it. The profile is also a young and trace-less one, barely 17 months old with no customer footprint at all, which is the situation in which finding nothing counts for least.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The regulation section is headed 'Safety and Compliance', states that client capital is held in segregated accounts at tier-1 banks, and displays four badges: 'FCA Authorized', 'ASIC Regulated', 'Segregated Funds' and 'Regular Audits'. Across the entire site content these badge lines are the only mention of the FCA or ASIC. No firm reference number, no ASIC licence number, no licensed entity name and no link to either regulator appears anywhere.
E2The UK register of companies returns no results for FSG BROKERS, for FSG BROKER and for FSGBROKERS, with dissolved companies included in the search. The legal entity named in the site footer, FSG BROKERS LTD, is therefore not a registered UK company, and an FCA authorisation is only granted to a registered legal entity.
E3The .com registry records the domain fsgbrokers.com as created on 30 April 2025, registered through Hostinger and using parking nameservers, with an expiry in April 2027. The website advertises 'Founded 2020', about five years earlier than its own domain record allows.
E4The web archive holds no stored copy of fsgbrokers.com from any date, and the site names no earlier brand or domain. There is no evidence of any website operating under this name before 2025, which corroborates the domain record against the 2020 founding claim.
E5The about section claims 1 million clients, 120 employees, four offices, a fintech award and carbon neutrality, and the support section claims round-the-clock service in 15 languages resolving 90% of tickets within an hour. None of this is supported by any independent trace, and no telephone number or email address is published to reach the support described.
E6The site has no account registration form, no login, no payment or funding page, no terms and conditions, no privacy policy, no risk warning and no contact details. Every path requested returns the same single page, and the page itself is a browser-assembled template loading only market-data widgets from a third-party charting provider. There is no evidence of a functioning brokerage behind the marketing.
E7The home page panel headed 'Live Markets' displays fixed values, including Bitcoin at 91,180.50 dollars, Ethereum at 3,140.10 and Tesla at 178.35, while the genuine market-data widget embedded on the same page simultaneously showed Bitcoin at about 86,200 and Tesla at 354.11. The broker's own price display is fabricated rather than live.
E8The Australian Business Register lists no company or business named FSG Brokers. The closest active records are unrelated entities such as FSG PTY LTD in New South Wales and PFS Brokers in Queensland. An ASIC financial services licensee must be a registered Australian entity, so the 'ASIC Regulated' badge has no Australian company behind it.
E9A search of the Financial Conduct Authority's own website for FSG Brokers returns no authorised firm and no warning notice under that name. The only similar entry is a 2012 warning about FSG Blackstone, a different and much older operation unconnected to this website.
E10fsgbrokers.com has no Trustpilot profile at all, and searches of Reddit, ForexPeaceArmy and the wider web return no discussion, no complaint and no positive review naming this broker or its domain. For an operation advertising more than a million clients, the complete absence of any customer trace is a contradiction of its own claim.
E11The site advertises a web terminal, a desktop platform with algorithmic trading, a mobile app with face recognition login and a FIX API, plus crypto trading at 200x leverage and 500x leverage generally. No MetaTrader server carries this broker's name and no FSG Brokers application exists in the Google or Apple stores, so none of the advertised trading infrastructure could be located.
E12No regulator warning list names FSG Brokers or fsgbrokers.com. Searches covering the FCA published warnings, the CFTC, ASIC, CONSOB, BaFin and the international regulator alert aggregator returned no entry for this brand or domain. Warning lists typically lag newly launched websites, so this is not clearance, but it is recorded in the broker's favour.
E13A separately named operation trading as FSG, with the contact domain fsgfxuk.com and a Hong Kong telephone number, is listed in a third-party broker directory as having no forex licence. Its entity name, contact domain, telephone country and stated age all differ from this broker, so it is a different operation and none of its record, including a licence number attributed to it, has been counted against FSG Brokers. Readers should not conflate the two.
WeakIdentity check against a third-party broker directory entry for a similarly named operation
The other side
The strongest case in this broker’s favour.
The case for the broker, stated as fairly as we can put it.
- No regulator has warned about it. We checked the FCA's own published warnings and searched the alert lists of the CFTC, ASIC, CONSOB, BaFin and the international aggregator. Not one names FSG Brokers or fsgbrokers.com. There is no enforcement action and no fraud-related court record against it.
- Nobody has reported losing money. There is not a single complaint about a blocked withdrawal, a frozen account or a demand for a release fee. On the evidence available, no client has been harmed.
- No money can currently be sent to it. There is no sign-up form, no login and no payment page. Whatever the site claims, it is not taking deposits today, which materially limits the harm it can do right now.
- The name is genuinely crowded. Several unrelated firms use the initials FSG, and a separately named operation with a different contact domain also trades under FSG. We excluded all of it. None of their records, licence numbers or complaints are counted against this broker, and readers should not confuse them.
- An unfinished site is not by itself dishonest. A new firm may well be building toward a launch, and missing terms or a thin platform could be explained by that. We do not hold the incomplete state against it. What we hold against it is the specific assertion of FCA and ASIC authorisation, and the 2020 founding date, because those are statements of fact that the record contradicts.
What would change this
What we would need to see to revise the verdict.
Any of the following would change our assessment, and the first two would change it most.
- An FCA firm reference number or an ASIC licence number published on the site that resolves on the regulator's own register to FSG BROKERS LTD, with a matching website and address.
- A company registration number for FSG BROKERS LTD on a national company register, with an incorporation date and a real registered address.
- Removal of the 'FCA Authorized' and 'ASIC Regulated' badges, together with a correction of the 2020 founding date and the client, staff and office figures.
- Independent evidence of a working business: clients confirming completed withdrawals, a verifiable trading server, or an app published under the company's own name.
- Working contact details and a published registered address that can be confirmed.
- Conversely, a regulator warning naming fsgbrokers.com, or credible reports of deposits taken and not returned, would move this to the most serious category.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
UK register of companies, search for FSG BROKERS
Companies House returns no company of this name, active or dissolved.
UK register of companies, search for FSGBROKERS
The one-word spelling returns no company either.
Financial Conduct Authority, search for FSG Brokers
The FCA's own site returns no authorised firm and no warning under this name.
Australian Business Register, search for FSG Brokers
No Australian company or business of this name, which is where an ASIC licensee would appear.
Domain registration record for fsgbrokers.com
The .com registry's own record showing the domain was created on 30 April 2025.
Frequently asked questions
Quick answers about this broker’s safety.
Is FSG Brokers a scam?
On the evidence we gathered, probably yes, and we rate the risk at 80%. It advertises authorisation by the UK FCA and Australia's ASIC without publishing a licence number for either, and the company it names, FSG BROKERS LTD, does not exist on the UK register of companies. It also claims it was founded in 2020 when its website was created in April 2025.
Is FSG Brokers a fraud?
We assess the risk of fraud as high, but we should be precise: no regulator has published a warning about FSG Brokers, there is no enforcement action against it and no fraud-related court record naming it. What we can state as fact is that it advertises FCA and ASIC authorisation it has not substantiated, and advertises a 2020 founding date its own domain record contradicts.
Is FSG Brokers regulated by the FCA?
We found no evidence that it is. The site shows a badge reading 'FCA Authorized' but gives no firm reference number, which is the number every genuinely authorised UK firm publishes so clients can check. The FCA's own site shows no authorised firm under this name, and the company named in the footer is not registered in the UK at all.
Is FSG Brokers regulated by ASIC?
We found no evidence of that either. The site shows an 'ASIC Regulated' badge with no Australian financial services licence number. The Australian Business Register shows no company or business called FSG Brokers, and an ASIC licensee has to be a registered Australian entity.
Is FSG BROKERS LTD a real registered company?
Not one we can find. We searched the UK register of companies for FSG BROKERS, FSG BROKER and FSGBROKERS, including dissolved companies, and all three searches returned no results. The name appears only in a single line of the website footer, with no company number and no registered address.
How old is FSG Brokers?
The website fsgbrokers.com was created on 30 April 2025, which makes it about 17 months old. The site claims it was founded in 2020. There is no archived copy of the site from before 2025 and no earlier company name or domain is mentioned, so the 2020 claim is unsupported.
Can I withdraw my money from FSG Brokers?
We cannot tell you, and that is the problem. There are no client reports of either successful or refused withdrawals, and the site has no payment page or account area at all. With no confirmed licence and no registered company, there would also be no regulator or compensation scheme to turn to if a withdrawal were refused.
Is my money safe with FSG Brokers?
We would not treat it as safe. The site promises segregated accounts at tier-1 banks, but it offers no evidence of a licence, no named entity that exists on any register and no audited accounts. Client money protection depends on a real regulator supervising a real company, and we could establish neither here.
Who owns FSG Brokers?
The site does not say. It describes a team of former Wall Street quantitative analysts and blockchain engineers but names nobody, lists no directors, publishes no address and gives no company number. The domain registration record shows no owner either, which is normal in itself, but here nothing else fills the gap.
Has any regulator issued a warning about FSG Brokers?
Not that we could find. We checked the FCA's published warnings and searched the alert lists of the CFTC, ASIC, CONSOB, BaFin and the international regulator aggregator, and none of them names FSG Brokers or fsgbrokers.com. Warning lists usually lag new websites by months, so an absence from them is not a clean bill of health.
Does FSG Brokers offer MT4 or MT5?
The site advertises a web terminal, a desktop platform, a mobile app and a FIX API, but it does not mention MetaTrader, and no MetaTrader server carries this broker's name. We also found no FSG Brokers app in the Google or Apple stores, despite the site advertising a mobile app with face recognition login.
Are the prices shown on the FSG Brokers website real?
Some are not. The panel headed 'Live Markets' shows fixed figures that do not move, including a Bitcoin price around 91,180 dollars at a time when the genuine market data widget embedded on the very same page read roughly 86,200. Those numbers are page decoration rather than tradable quotes.
What should I check before depositing with any broker?
Ask for the licence number, then look it up yourself on the regulator's own register rather than trusting a badge or a link on the broker's site. Confirm the company name on the register matches the one taking your money, and that the register lists the website you are using. Also check the company exists on a national company register and that a real address and phone number are published.
What should I do if I already sent money to FSG Brokers?
Stop sending anything further, above all any payment described as a tax, fee or verification charge required to release your funds, because that request is a classic second-stage trap. Contact your bank or card provider immediately to ask about a chargeback, keep all records and messages, and report it to your national financial regulator and police fraud service. Never pay anyone who promises to recover your money for an upfront fee.
What we recommend
The practical takeaway from everything above.
Treat this operation as unregulated and unverified, and keep your money away from it.
- Do not deposit. There is no licence we could confirm, no company we could find and no compensation scheme standing behind it. Money sent here would have no regulatory protection of any kind.
- Do not believe the FCA or ASIC badges. A real licence always comes with a number. Check any firm yourself on the regulator's own register before sending anything.
- Be wary of contact out of the blue. If someone approaches you about this brand by message, call or social media, treat the approach itself as the warning sign.
- If you have already sent money, stop making further payments immediately, especially any described as a tax, fee or verification charge needed to release funds. Ask your bank or card issuer about a chargeback straight away, keep every receipt and message, and report it to your national financial regulator and police fraud line.
- Never pay a recovery agent. Firms that promise to get lost money back for an upfront fee prey on people who have already lost once.
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.