FBP

ForexByPros (FBP) is a forex managed account provider registered in China, founded on April 24, 2020. The firm presents itself as a leader in foreign exchange, offering managed accounts where professional traders handle investments on behalf of clients. Despite operating for several years, the broker holds no known regulatory licenses from any financial authority.

The company's website, forexbypros.com, promotes a straightforward investment model: clients fund an account, and ForexByPros trades it for a performance fee. The broker claims to prioritize transparency and ease of access, but lacks independent verification of its operations.

ForexByPros does not appear on any financial regulator's register. Our review found no evidence of licensing from bodies such as the FCA, CySEC, ASIC, or any Chinese regulatory agency. This absence of oversight is a significant factor for traders considering the firm.

Without regulated status, clients have limited recourse in case of disputes or misconduct. The broker's risk warning page acknowledges the high risks of forex trading, but does not address the additional risk of operating without supervision.

The broker's core offering is managed forex accounts. According to its website, clients do not need trading experience; they simply deposit funds and authorize the firm to trade. ForexByPros charges a performance fee only, taking a percentage of profits.

The company claims average monthly returns of 5-10%, a figure that is exceptionally high and should be treated with caution. No specific information is provided about the trading strategies, instruments, or platforms used.

ForexByPros appears to target passive investors who want exposure to forex trading without active involvement. The marketing emphasizes ease of entry and the promise of high returns with minimal effort.

However, the lack of regulatory oversight and the aggressive return claims suggest the broker is not suitable for risk-averse investors or those seeking a transparent, regulated environment.