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    Media Announcements ADGM issues alert concerning misleading claims made by FB Financial Brokers EST

    ADGM issues alert concerning misleading claims made by FB Financial Brokers EST

    ADGM FSRA: 05 Mar 2025

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    The Financial Services Regulatory Authority (FSRA) of ADGM would like to alert the financial services community and members of the public about false and misleading claims made by an entity or purported entity named FB Financial Brokers EST, trading as Freedom Brokers, on the website at URL: https://fbbroker.com/ (the “Website”).

    It came to the FSRA’s attention that on the Website, Freedom Brokers:

    • purports to provide access to a platform that offers access to trading in FX currency pairs, commodities, stocks and indices; and
    • falsely claims to maintain a branch office in the jurisdiction of ADGM.

    The purported services advertised on the Website would constitute Regulated Activities in the ADGM. Only firms authorised by the FSRA can undertake Regulated Activities in ADGM.

    FB Financial Brokers EST, trading as Freedom Brokers is not, and has never been licensed by the FSRA to carry out any form of Regulated Activities in ADGM.

    The FSRA is concerned that the false claims made on the Website may mislead potential investors and the public to believe that Freedom Brokers is licensed and authorised to operate in ADGM, when it is not.

    The FSRA advises the public that Freedom Brokers:

    • is not, and has never been, granted Financial Services Permission by the FSRA to carry on any Regulated Activity in or from ADGM; and
    • is not, and has never been, incorporated in ADGM or licensed to undertake any form of commercial activities in ADGM.

    Only firms authorised by the FSRA can undertake Regulated Activities in ADGM. The FSRA advises the market and investors not to deal with any firm until it is verified that the firm is authentic and has been granted the appropriate Financial Services Permission by the FSRA to undertake Regulated Activities in ADGM.

    To determine if an entity has been granted a Financial Services Permission by the FSRA to carry on Regulated Activities in or from ADGM, you can search the FSRA’s Public Register.

    Anyone with concerns about a website or a firm purporting to be incorporated or registered in ADGM should check the ADGM Registration Authority’s Public Register.

    Related news

    View all ADGM’s FSRA Imposes Fines of USD 8.85 Million on “HAYVN” Group, Cancels Licence of AC Limited (Hayvn ADGM) and Bans Founder Christopher Flinos Regulatory Alert: Awareness Regarding Impersonation of Authorised Persons ADGM issues alert concerning misleading claims made by Trade World FX

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