ANSWER FB Trade is not a regulated or licensed broker for traders even though it states offers that look good to be true. FB Trade claims to be a UK-based company. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (FCA). However, we did not find any results that matched this broker in UK FCA.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that FB Trade is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You can check the full warning from here.The truth is that FB Trade is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like FB Trade and trade with licensed brokers.
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