Fibovest positions itself as a sophisticated online trading broker, but a growing number of regulatory agencies and watchdogs have issued official warnings and flagged it for risky and potentially fraudulent behavior.
- Operating Without a License
- Quebec’s AMF (Autorité des marchés financiers) issued a public investor warning on May 2, 2025, stating Fibovest is unregistered and not authorized to solicit investments in Quebec.
- Austria’s FMA (Financial Market Authority) followed with an alert on June 5, 2025, noting Fibovest is offering securities services without proper licensing.
- British Columbia’s BCSC added it to its investment caution list on April 9, 2025, warning investors of the high risks involved.
- Alberta’s ASC also flagged Fibovest on March 4, 2025, reminding Canadians that unregistered investment platforms offer no protections.
- And in the UK, the FCA (Financial Conduct Authority) has included Fibovest on its Warning List as of May 7, 2025 .
Bottom line: Multiple top-tier regulators across Canada, Austria, and the UK confirm Fibovest operates illegally—without any regulatory oversight.
- 2. Evidence of Fraudulent Behavior
- Scam watchdogs like ReportScammedFunds and LegalCertifi highlight that Fibovest is flagged by services such as CryptoScamDB, PhishTank, EtherScamDB, and URLhaus.
- Austrian FMA considers the operation akin to a “boiler room” — using aggressive cold-calling tactics to pressure clients into fraudulent investments fi.ee.
- Fibovest claims UK-based operations from a London address, but no proof of FCA authorization has been found.
- Website & Operational Red Flags
- The domain was registered in November 2024 despite claims of being in business since 2022—a clear inconsistency.
- The broker operates its own WebTrader platform — not recognized industry-standard software like MT4 or MT5.
- It offers high leverage (up to 1:500) and promises fast executions—classic tactics to entice high-risk trades.
- Poor Reputation & Withdrawal Problems
- Trustpilot ratings sit around 2.8/5, riddled with reviews reporting blocked withdrawals, unresponsive support, and potential fake positive reviews.
- Review watchdogs warn that many positive comments might be scripted or artificially inflated reddit.com.
- Why These Issues Matter
These issues matter because they directly threaten the safety and trust of investors. Operating without regulation means that if anything goes wrong—such as fraud or fund mismanagement—investors have no legal recourse or compensation mechanisms. The platform’s misleading claims about being licensed and long-established are designed to deceive users and mask its true intentions. Offering high leverage increases the risk of rapid and substantial losses, especially for inexperienced traders. Additionally, the presence of fake reviews misguides potential investors by painting a false picture of reliability and success. Finally, the most alarming concern is withdrawal issues, where users are unable to access their own funds, sometimes indefinitely, with no clear explanation—indicating a potential scam or complete lack of operational integrity.
Final Verdict: Steer Clear of Fibovest
Fibovest is unregulated, unlicensed, and under active scrutiny from multiple financial authorities. The combination of regulatory warnings, fraud markers, withdrawal failures, and fake reviews paints a clear picture: Fibovest is a high-risk / likely scam operation.
What You Can Do If You’ve Invested
- Stop all transactions and don’t send more money.
- File a complaint with your local regulator, including copies of warnings above.
- Contact your bank or payment provider to initiate a chargeback.
- Consider professional help—services like Amdark Limited and Legal Certify may assist with recovery by Amdark’s experts.
Share & Warn Others:
Copy this article or link to these regulatory warnings on your platform. By spreading awareness, you reduce the number of unsuspecting victims and help create investor safety in the community.
Disclaimer: This content is for informational purposes only. Always conduct your own due diligence and consider consulting a licensed financial advisor.
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