1888FS appears on ASIC’s Investor Alert List as an unlicensed entity, according to reports citing the regulator’s September 14, 2026 update. The website discloses no license, legal entity or fee schedule that could be checked. This 1888FS review found nothing confirming it as a regulated broker, so traders should treat it as high risk and verify every claim independently before depositing funds.
Thank you for reading this post, don't forget to subscribe!BrokersReporter helps traders research online brokers before they commit money. A broker review is most useful when it checks regulatory status, company transparency, trading conditions, platforms, fees, withdrawals and warning signs against primary sources. This review follows that approach.
What Is 1888FS?
1888FS is an online trading service operating from the domain 1888fs.net. Third-party descriptions say it offers forex and contracts for difference (CFDs), meaning contracts that track price moves without owning the asset. Client access reportedly runs through a browser-based platform on a separate domain.
The site reportedly states it was founded in 2018. Domain registration data reported by third parties shows the domain was created in July 2026, which does not support that claim. Traders can check this themselves with a public WHOIS lookup.
Is 1888FS Regulated?
1888FS is currently reported as unlicensed, according to ASIC’s Investor Alert List. ASIC says entities on that list may target Australian consumers, do not hold a current Australian financial services (AFS) license and are not allowed to offer investments in Australia. The list is not exhaustive, so an entity’s absence from it proves nothing.
A company registration is not a financial license. An Australian company called 1888 FS Pty Ltd is reportedly on the Australian Business Register. Registration only means a company exists, and no public record found links it to 1888fs.net.
The 1888FS website reportedly shows no regulator name, license number or registration details. Traders should check the Australian Business Register, ASIC’s professional registers and the Investor Alert List themselves.
1888FS Trading Platform and Conditions
The 1888FS trading platform is described as a web-based terminal. Mobile and desktop versions are reportedly listed as future releases.
Account conditions are not published. Third-party reviewers could not find account tiers, minimum deposit, leverage, spreads, commissions or overnight fees. Visitors are reportedly told to contact an account manager for pricing.
Without published costs, traders cannot compare 1888FS against other brokers before sharing personal details.
1888FS Deposits and Withdrawals
Public information about 1888FS withdrawal terms is limited. Reviewers found no list of payment methods, deposit or withdrawal limits, processing times or fees.
This does not prove that withdrawals fail. It means the conditions cannot be checked beforehand, and unclear payout rules are a recognized risk. Traders should read the full terms and ask for written withdrawal conditions before sending money.
1888FS Reviews and Red Flags
Independent 1888FS reviews are low. Third-party checks found the broker to be unregulated, citing the ASIC alert.
Verified or documented concerns:
- ASIC’s unlicensed listing, as reported
- No license or regulator disclosed on the site
- No legal entity details on the site
- No published fees or account conditions
- A “founded in 2018” claim that conflicts with the reported domain registration date
Is 1888FS Legit or a Scam?
The evidence does not support calling 1888FS a legitimate, regulated broker. It does not show how any individual client has fared, so this review makes no claim about specific outcomes.
What the evidence does show is significant. An entity on an ASIC alert list holds no Australian license and cannot lawfully offer financial products there. Traders using an unlicensed broker generally have no regulatory complaint pathway and no investor compensation scheme. That is a serious risk even before considering the missing company details.
Final Verdict on 1888FS
- Regulation: No verified license. Reported on ASIC’s Investor Alert List as unlicensed.
- Transparency: Poor. No verifiable legal entity, address or registration on the site.
- Trading conditions: Not published, so they cannot be assessed.
- Withdrawals: Terms are unclear and unverifiable in advance.
- Overall risk: High. Traders should avoid depositing unless 1888FS can show a verifiable license from a recognized regulator.
BrokersReporter’s other broker reviews and safety checklists cover how to run these same checks on any platform. This article is research, not personal financial advice.
FAQ
Is 1888FS a legitimate broker?
No evidence found confirms 1888FS as a legitimate regulated broker. It is reported on ASIC’s Investor Alert List as unlicensed, and its website discloses no verifiable license or company details. Traders should treat it as high risk and demand regulator-confirmed proof of authorization before depositing money.
Is 1888FS regulated?
No regulation could be verified. The website reportedly names no regulator or license number, and ASIC’s alert list describes 1888FS as unlicensed. A similarly named Australian company may exist, but a company registration is not a financial services license.
Is 1888FS a scam?
The evidence shows high risk but does not prove fraud in any specific case. 1888FS is reported as unlicensed, with undisclosed ownership and hidden fees. Traders should avoid depositing funds and report any losses to their financial institution and local regulator.
Does 1888FS have a valid trading license?
No valid license could be confirmed. ASIC’s list states that entities on it do not hold a current Australian financial services license. The 1888FS website reportedly shows no license number from any regulator, and none was found in public registers.
How can I check whether 1888FS is regulated?
Search the broker’s name and website in ASIC’s professional registers and Moneysmart’s Investor Alert List. Confirm the legal entity named in the client agreement matches a register entry. Then check the regulator in your own country, and the International Organization of Securities Commissions (IOSCO) alert portal for overseas warnings.
Does 1888FS allow withdrawals?
That could not be verified. 1888FS publishes no payment methods, limits, processing times or fees. Missing terms do not prove withdrawals fail, but they make it impossible to know the conditions beforehand. Traders should obtain written withdrawal terms before sending any money.
What should traders check before depositing money with 1888FS?
Verify the legal entity, a license number in the regulator’s own register, published fees, written withdrawal terms and how client money is held. Check ASIC’s alert list and your local regulator’s warnings. Be wary of unsolicited contact, pressure to deposit more and any fee demanded to release funds.
Check Before You Trade
Before you deposit with any broker, confirm its license in the regulator’s own register, read the withdrawal terms in writing, and search for official warnings. If you are unsure about a platform, wait until you can verify its details.
Explore more independent broker reviews and safety guides on BrokersReporter to compare regulation, fees and withdrawal conditions before you choose where to trade.
If you have had a problem with 1888FS or a similar platform, report it to your local financial regulator and contact your bank or payment provider promptly.
Investors should also review other broker warnings, including our Moonshot FX Review covering regulatory concerns and investor complaints..