Warning: Is Faebit a Scam?

Is Faebit (faebit.com) a Scam?

Our analysts warn you to stay away from Faebit (faebit.com).

Faebit claims to be a financial firm, but it appears unregulated by any major financial regulator, like the ASIC or CySEC.

Money Stuck in Faebit?

If Faebit refuses to release your money, you need to act. Fill out the form below to consult our cyber-forensics team for a no-obligation case evaluation.

Can You Trust Faebit?

Our check confirms that Faebit lacks a valid license.

Investing with unregulated firms is very risky. Trusted firms are always registered with agencies like the SEC, ASIC, or FCA to protect investors.

Faebit operates without this supervision. As a result, there is no legal recourse if they steal your money. Most online scams involve unlicensed entities, and getting back funds from them is hard without professional assistance.

For instance, in the UK, unauthorized firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not part of SIPC, so your money is at risk.

How They Steal Money

Online trading fraud is getting smarter. Criminals use psychological tricks to steal your savings. Here are typical tactics used by brokers like Faebit (faebit.com).

Pig Butchering & Romance Scams

The "Romance Scam" is a cruel tactic where scammers build trust over months. They build a romance on social media. Eventually, they introduce a secret investment. It is a lie to get you onto a scam site like Faebit.

Fake Trading Dashboards

Scammers create websites that mimic real trading apps. They have charts and profits that go up. But it is a simulation. The broker manipulates the numbers to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: You get calls from "brokers" you don't know.
• Unregulated: The company has no authorization.
• High Returns: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
• Aggressive Sales: "Account managers" push you to deposit more.

Do not trust positive ratings. Fraudulent brokers frequently post their own positive comments to look legitimate.

Conclusion

Our verdict is to block Faebit. It appears to be a fraud. Protect your money and use a regulated broker. Avoid faebit.com at all costs.