Hi everybody, I am back and sorry about disappearing for a while - however you would know why I had to after hearing my story, which is a sad one - thanks to fbs.
Basically the last thing everybody knew is FBS had illegally kept MY funds for over 2 weeks and forced me to sign an additional 'agreement' in order to get MY money back - why I use word 'forced'? Because that money should be at my dispense and not a single word in the Customer Agreement gave FBS the right to take it away from me, after they had to accept my initial claim about the mistaken orders and make the balance available to me. So let's face it: the reason for FBS to hold my money is not 'we were still under disputes about the wrong orders' as they claimed (because that initial dispute had already been resolved before it came to everybody's attention and I accepted it); the only real reason for FBS to do so was that I chose to use my legal rights as a customer to bring this issue to the public eyes - if you read the additional 'agreement' they forced me to sign, it says I had to remove all my posts on internet before I can get my money back! So if a customer chooses to complaint and write bad but true posts about a broker, he can not get his OWN money back? Please try and describe such broker's behavior if it's not 'bully' or 'rogue', and I'd love to see how FBS shall comment on and justify such behavior pattern of theirs
And btw, I'd like to remind everybody once again: FBS is NOT regulated - not by a single regulator in the whole world! I have raised this issue to the attention of CRFIN, the so-named 'regulator' claimed by FBS, and after I went through all the official procedure instructed by CRFIN's official website, they had come back to me 'Currently, while there is no legal regulation, the services for clients are provided generally on behalf of foreign companies, registered in regulated or off-shore jurisdictions.' - meaning 'go away, we cannot do anything about this off-shore company'. The most funny part is, when I called CRFIN, where few people can speak English, one guy even yelled at me 'go away, go to to the police' - very professional and reliable for a 'regulator' ha?
And finally, here is what happened to me: I did get the money back, however it was too late - I requested the money back on 12th Aug as I needed that money to pay my son's deposit for his study abroad from the begining of September; he had been planning that for a long time, however the money I should have got from FBS by middle August never arrived till the end of August, so I had to try borrowing money from banks and people, which failed probably because I'm retired and too old. So my son had to give up his study plan this year, and I had to work myself aroundlike a dog trying to fix the messes caused by FBS's 'responsbible behaviors'. And that's why I was too busy to come back.
So all in all, if you only care about wether I got my funds back, you can lable this case as 'resolved'; but if you ask me wether I still think FBS is a scam broker, I will say 'YES YES YES'!!!
And should anyone go trading with FBS without considering the facts I provided, I will personally come to your house and slap your face!