FBS scammed me

shaan984

Recruit
Messages
8
I have an account in FBS .I opened up a position in FBS on the usdtry pair with lots 0.10 and I had only 100$ in my account . The position got opened up in a second and it got closed in one sec.when I saw the history it shows that I lost 163$ in my account but I had only 100$ in my trading account .I asked them to call me and there manager told me that I lost the money and it can't be recovered.When I asked how he started shouting on me and asked me to sue them .Then I took chat and email they replied to my questions but they are scamming me .When I asked about the position he is saying per pip value was 0.17 cents and the spreads were 1000 ,0.17*1000= 170$ but I had only 100$ how the position itself got opened up .They are just talking about margin but not giving answer to this question .Now they have spreads 100 on the same pair on demo account how it got changed.
How can the position will get opened up when I don't have enough balance?
They are clearly scamming .
They are scammers.
And there support is so arrogant .
Please check the attachment they have balance for negative balance .
Please also check the previous spreads(when opened the position) and the demo account spreads please see the difference.
Pure scam.
There manager is the biggest scammer.
 

Attachments

Lolipop

Recruit
Messages
4
No way to gain profit using this brooker. No need to look into others side or aspect. Just look at the laverage they offered.
Besides, many others bad things bout this brooker. No need for me to stated it here.
This was the worse brooker i ever use. Say bye2 to FBS. I would like to say "**** you" to guy who introduce it to me before. I made a total lost about $10k plus in this brooker. This bad history never happen before using other brooker.
 

FxMaster

Lt. Colonel
Messages
8,997
I have an account in FBS .I opened up a position in FBS on the usdtry pair with lots 0.10 and I had only 100$ in my account . The position got opened up in a second and it got closed in one sec.when I saw the history it shows that I lost 163$ in my account but I had only 100$ in my trading account .I asked them to call me and there manager told me that I lost the money and it can't be recovered.When I asked how he started shouting on me and asked me to sue them .Then I took chat and email they replied to my questions but they are scamming me .When I asked about the position he is saying per pip value was 0.17 cents and the spreads were 1000 ,0.17*1000= 170$ but I had only 100$ how the position itself got opened up .They are just talking about margin but not giving answer to this question .Now they have spreads 100 on the same pair on demo account how it got changed.
How can the position will get opened up when I don't have enough balance?
They are clearly scamming .
They are scammers.
And there support is so arrogant .
Please check the attachment they have balance for negative balance .
Please also check the previous spreads(when opened the position) and the demo account spreads please see the difference.
Pure scam.
There manager is the biggest scammer.
Here is FBS Official Rep profile link, go ahead and invite him/her to this thread.
 
Messages
3
I'm not surprised to hear about FBS scamming people.

A very famous Thai Forex "trader" named Kittiyakorn Watcharawalrakarn works very closely with FBS to scam hundreds of investors in Thailand and worldwide


https://www.kittiyakorn-forexscam.com/ (website created by investors that she scammed recently)

Kitti claims to be a VIP trader with FBS and she has a line of credit. So she can deposit / withdraw money directly from FBS brokers into the trader's accounts, without needing to wait 3-5 days for the international fund transfers into the investor's FBS accounts.

Report on Kittiyakorn Watcharawalrakarn – Professional Forex scammer and Ponzi Scheme operator

Kittiyakorn Watcharawalrakarn (“Kitti”) is a financial criminal and scam artist from Bangkok, Thailand that has stolen hundreds of thousands (if not millions) of dollars from many victims from around the world via running a Ponzi Scheme to defraud “investors.”



Kittiyakorn is a Thai national that has used her sex appeal to warm up many potential “investors” through her claim that she is a successful Forex trading expert, and even gave seminars on the topic. She advertised these seminars through her social media (Facebook/Instagram) and developed relationships with prospective investors. Some investors were lured in using her sex appeal. She would even have sex with many investors to scam them of money.



She keeps telling impressive stories of how she has hundreds of students in Thailand, all learning Forex from her and worshiping her as a ‘Forex’ Queen.

https://www.facebook.com/tobemillionaires.fx/





However, she preys on her students desperation for wealth and success, and scams them too by telling them to transfer money to her Thai bank accounts and she would trade for them (she keeps all the money, and creates fake Forex reports that she ‘lost’ the money from bad trades)

There is a Facebook page about her, which has over 671 people, mostly her ex-students and investors that she has scammed in Thailand
https://www.facebook.com/anti.deer/

Between November 2017 and January 2018, Kitti made trips to Singapore to meet potential investors. She would stay in expensive hotels in order to impress them and she would show from her laptop all her profitable “trades”, gained for her VIP customers.



These trades turned out to be from ‘fake’ accounts.(August 2018 update: full details kept confidential for now as she is currently being investigated by the Thai police and law suits are being filed against her)

Victims would wire Kittiyakorn money with the expectation that Kitti would use the funds to “trade” foreign exchange (“Forex” currency) and earn interest of 10% – 50% per month. She also claimed that the investment scheme was near risk free as she promised investors she would protect the capital (principal).



She promised to trade (in written contracts) only with profits made so that the principal amounts would be protected. For example, if $10,000 was wired to Kitti, she would promise the investor she would only use $500 of the $10,000 to trade with.

Once the account was grown to $13,000 or more, only $3000 of the account balance would be used to “trade,” thus making the investor believe their money was in safe hands. Her schemes worked as she would send fake reports to investors, all the while, she stole and ran away with all of the money.



In February 2018, her Ponzi scheme fell apart and she stopped paying “investors” returns. Her fancy lifestyle (very high spend on luxury goods and handbags) and luxury travel (first class flights around the world, high end suites at hotels) perhaps depleted her funds and she then stopped communicating with all investors.

Method of Forex scam by Kittiyakorn
  1. Open Forex trading account for investors (FBS, Oanda etc)
  2. Tell the investors she needs to ‘change the password’ for their account, cos she cannot remember so many different passwords. Once she changes the password, she has full access to the Investor’s accounts.
  3. Pretends she makes a deposit for the investors – she will show a ‘successful’ deposit to the investors
  4. However, all her deposits get rejected but she does NOT tell the investors
  5. Kitti will then opens fake trading accounts and keeps the investor’s money for herself.
  6. She will send screenshots to the investors, set up MT4 and MyFXBook links to show trades, lying to investors that she is trading on a standard/VIP USD account.
  7. After a few days, investors lose access to the reports as she resets the password and opens more fake Forex accounts. She uses the excuse that ‘she is travelling’ and the VPN logs her out due to the different IP address she is using to login to trade.
  8. When investors ask for withdrawal of capital, money… she will go offline for 4-5 days and makes lots of excuses:
i. pretend she is sick, travelling, no internet to manage the trades.
ii. she does NOT put a stop loss on the trades and leaves the positions open for days/weeks.
ii. all trading accounts go to zero $0
iii. she tells investors she has no money , she will make it back slowly
iv. she hope investors forget about it and move on


Kittiyakorn repeats this 100x to scam more investors, while she pockets all their money to her personal bank accounts.

Kittiyakorn the Forex scammer Lifestyle
She will use the investor’s money to buy property, new car, gold jewellery etc.. and use this for marketing on Facebook and Instagram to show everyone she is rich, successful and wealthy from Forex. This is just used for sales and marketing, to scam more investors.



Personal data on Kittiyakorn

Addresses Used:

  • 9/56 Hive65 Condo, Sukhumvit65, Bangkok 10110, Thailand
  • 1 Soi Rat Burana 27/1, Rat Burana Road, Khwaeng Rat Burana, Khet Rat Burana, Bangkok 10140 Thailand
  • No 823/60, Village No 6, Chor Hor Sub-District, Mueang Nakhon, Ratchasima District, Nakhon Ratchasima Province
  • https://www.facebook.com/arndt.klinzing, a German National living with Kittyakorn as her “Fiance” in Switzerland. Kitty portrayed herself as a millionaire who made high forex trading profits, and she and Arndt has bought a villa in Switzerland
    Address: Jurastrasse 17, Windisch Aargau, Brugg District, Switzerland 5210

Phones used:

+66 85-778-6680
+65 8246 3187
+41 79 372 52 29

Emails used:

deer222.kitty@icloud.com
W.kittiyakorn@gmail.com
tobemillionaires.fx@gmail.com

Kitty’s Facebook:

https://www.facebook.com/india.kannika

https://www.facebook.com/tobemillionaires.fx/

https://www.facebook.com/noo.pooklook.1

She has 2 other Facebook accounts which she has now deactivated to hide from investors and lawsuits



YouTube channel promoting her Forex company in Thailand
https://www.youtube.com/channel/UCQH3XNTNY65IgvS87GsTrEA

This is her marketing video

Instagram:
https://www.instagram.com/w.kittiyakorn/


Thai passport number: Passport No: AA5787250


Her mother’s ID in Thailand: Mrs Rossathon Ketthonglang, who unemployed, has no income and is a partner with Kitti on one of her Thai companies to lure investors.







Kitti’s bank accounts in Thailand and Singapore
(a) Miss Kittiyakorn Watcharawalrakarn

Bank Account no. 813-266-0499

Bank name : Siam Commercial Bank
Swift Code : SICOTHBK
Bank Address : BUILDING 2, FLOOR 2, 1060 PETCHBURI ROAD, Bangkok 10400



(b)Miss Kittiyakorn Watcharawalrakarn

Bank Account no. 522-222 2488

Bank name : Kasikorn Bank



(C) Miss Kittiyakorn Watcharawalrakarn

Bank Account no. 1000913807

Bank name : CIMB Bank Berhad
Swift Code : CIBBSGSG
Bank Address : 50 Raffles Place #01-02, Singapore Land Tower, 048623, tel +65 63337777

Kittiyakorn arrested by Thailand police
Kittiyakorn Watcharawalrakarn is a Thai criminal, having been arrested many times by the Thai police for various crimes such as fraud, bounced checks, cheating, Forex trading without an authorized license.

She is a psychopath, lying and cheating without remorse, regret and she has NO integrity. She will do whatever it takes to get your money.



Because of her criminal history, Kittiyaorn Watcharawalrakarn keeps changing her social media usernames and profile names every few months. She does this to hide from investors and all the victims she has scammed.

She has even legally changed her name in Thailand many times, and even altered her Thai driving license ID with a fake date of birth – to lie to investors that she is older than she is.

 

shaan984

Recruit
Messages
8
FBS has been scamming for a very long period of time it seems.I made a huge mistake by not checking up there reliability online.
They have scammed so many people all around the world.
 

FBS Official Rep

FBS Representative
Messages
186
I have an account in FBS .I opened up a position in FBS on the usdtry pair with lots 0.10 and I had only 100$ in my account . The position got opened up in a second and it got closed in one sec.when I saw the history it shows that I lost 163$ in my account but I had only 100$ in my trading account .I asked them to call me and there manager told me that I lost the money and it can't be recovered.When I asked how he started shouting on me and asked me to sue them .Then I took chat and email they replied to my questions but they are scamming me .When I asked about the position he is saying per pip value was 0.17 cents and the spreads were 1000 ,0.17*1000= 170$ but I had only 100$ how the position itself got opened up .They are just talking about margin but not giving answer to this question .Now they have spreads 100 on the same pair on demo account how it got changed.
How can the position will get opened up when I don't have enough balance?
They are clearly scamming .
They are scammers.
And there support is so arrogant .
Please check the attachment they have balance for negative balance .
Please also check the previous spreads(when opened the position) and the demo account spreads please see the difference.
Pure scam.
There manager is the biggest scammer.
Dear Sir!

Your order (Buy, 0.10 lot, USDTRY) has been thoroughly checked by our specialists one more time.

First and foremost, we would like to draw your attention that a client needs just enough margin for the order to be executed.
The required margin for this order with the leverage you had at that moment of the order execution (1:500) was 20 dollars. Though, please, kindly let us remind you that the spread is deducted upon the order opening and it is not included in the margin calculation.
Unfortunately, since USDTRY is an exotic currency pair, it is very volatile. Currently the economic situation in Turkey is unstable which leads to leverage decrease, spread widening or even closing this currency pair for trading by many brokers.
Please, kindly be reminded that according to the Customer Agreement:
3.3.7. Spread on trading accounts can be widened before, in time and after economic, political and other news release, during the Gap, at the time of Market opening (on Monday) as well as at the time of low market liquidity and when a market situation is conditional on high spreads.
The market situation has lead to a high spread for USDTRY currency pair (let us draw your attention to the fact that the spread can be checked right before the order opening). Therefore your balance has gone negative and your order has been closed automatically by Stop Out.

We would like to mention, that when current loss of all open orders on a trading account exceeds the allowed limit, a Stop Out event occurs, i.e. your margin level becomes less than 20%. In this case, the server will close your orders automatically one by one with the comment “so:…./…/…”.
Example: so: -314.7%/-62.9/20 – the order was closed by stop out (where -314.7% is the margin level at the time of order closure, -62.9 – remaining funds at the time of order closure, 20 – margin).
According to the Customer Agreement:
3.6.2. The Company is entitled to mandatory closing of a Client’s open positions without prior notification of the latter one, if Margin level is lower than 20% of the necessary margin for maintaining open positions.
3.6.5. When after a mandatory position closure the Client account has a negative balance, compensation is added to the account, which sets the account to zero.

This is exactly how your order has been executed: as soon as the order was opened the spread deduction has lead to the negative balance, the order has been closed automatically by Stop Out and the negative balance has been restored up to zero by the Company (62.93$).
Thus, the order under consideration was executed correctly and in full accordance with the trading conditions and Customer Agreement.

We are really sorry, that you have faced such situation, though, please, kindly take into consideration that since your account type has floating spread, it is highly recommended to check the spread before order opening. Also, exotic currency pairs are imposed by additional risks during the trading since they are the most volatile.

We hope we have managed to resolve this misunderstanding. As for the customer support reply, could you, please, kindly clarify which customer agent exactly you were talking to on the phone? We will definitely discuss the matter with this agent. Thank you for this feedback, it helps us to improve our services.

Sincerely,
FBS Official
 

FBS Official Rep

FBS Representative
Messages
186
No way to gain profit using this brooker. No need to look into others side or aspect. Just look at the laverage they offered.
Besides, many others bad things bout this brooker. No need for me to stated it here.
This was the worse brooker i ever use. Say bye2 to FBS. I would like to say "**** you" to guy who introduce it to me before. I made a total lost about $10k plus in this brooker. This bad history never happen before using other brooker.
Hello Sir, we are sorry to hear such a feedback. Could you tell us more about what happened to your account? If you give us an account number, we will be happy to check your issue closely. Thank you.
 
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