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What do you think about FBS legitimacy in the trading industry, is it a safe broker?
Saleet al-Minhas
United Arab Emirates
2025-04-12
ANSWER Dear Investor, FBS, an offshore forex broker, might not be considered a safe one. FBS is registered with the Belize Financial Services Commission (Belize FSC) and is licensed by the Cyprus Securities and Exchange Commission (CySEC). However, it is important to note that offshore regulatory jurisdictions often have less stringent rules and offer fewer protections for investors compared to top-tier financial regulators. Moreover, our findings suggest that FBS may exhibit weak regulatory compliance. The broker has reportedly received warnings from several financial authorities for unauthorized operations, such as the Ukraine National Securities and Stock Market Commission (NSSMC) in the United Kingdom, the Malaysia Securities Commission (Malaysia SC), and the Comissão de Valores Mobiliários (CVM) in Brazil. These warnings raise significant concerns about the credibility and reliability of FBS. In light of these factors, we strongly recommend exercising extreme caution when dealing with FBS.
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what is fbs forex?
Igor Leptou
India
2023-08-30
ANSWER FBS is a forex broker licensed by Cyprus Securities and Exchange Commission (CySEC) and Belize Financial Services Commission (Belize FSC), providing investors with forex, stocks, metals, energies, and indices for trading.FBS offers different account types involving Islamic accounts, with up to 1:3000 leverage, minimum deposit of $1, and low spreads (from 0.5 pips. Traders can use FBS Trader and MT4&5. With 24/7 support and a livechat, it is convenient for clients to inquire about any information they need.However, it is worth noting that FBS has been warned by the Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) for carrying on unlicensed activities. Therefore, it is crucial to reconsider its reliability and exercise extreme caution.
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is fbs a good forex broker
Andra Ripamonti
Malaysia
2023-08-28
ANSWER BrokersView doesn't recommend any forex broker for investors. We share information concerning platforms and showcase traders' reviews. According to our records, FBS is a regulated forex broker.The platform is licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 331/17 and registered with the Belize Financial Services Commission (Belize FSC) under number 000102/460.While its licenses are valid, FBS has been warned by the Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) for carrying on unlicensed activities. Therefore, it is crucial to reconsider its reliability and exercise extreme caution.On BrokersView, FBS scores 7.8 out of 10 (as of 28 Aug, 2023), with 89 reviews. It is labeled as a platform with fast order execution, multiple account types, high leverage and low deposit requirement, and multilingual support.
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What are trading services provided by FBS? do they give bonus ? high leverage ? quick deposit and fast withdrawals ?
AstorJunior
Jamaica
2022-02-28
ANSWER As for the question about its trading information, we recommend that you ask the customer services directly for a more accurate answer. For more details, you can check our full FBS review. Brokersview Reminder:However, there is something about Belize that needs to be mentioned. As an offshore zone with a zero tax structure, Belize is a well-known Forex hub where a great many brokers come to seek an opportunity to be a legit firm, yet to skip complicated and costly established procedures. That means the brokers overseen by IFSC are not under as strong regulation as FCA, ASIC and NFA regulated brokers. Our final verdict is that FBS is a regulated broker, but carries a certain risk owing to its weak regulation from Belize.
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I am interested to start trading with FBS because of high laverage. Could you please verify if this broker legit?
linda
Brazil
2022-01-03
ANSWER FBS under the domain https://fbs.com/ is owned and operated by FBS Markets Inc, a company incorporated under the laws of Belize and authorized by the International Financial Services Commission of Belize (IFSC) with Reg. No. 000102/124. For more details, you can check our full FBS review. However, there is something about Belize need to be mentioned. As an offshore zone with a zero tax structure, Belize is a well-known Forex hub where a great many brokers come to seek an opportunity to be a legit firm, yet to skip complicated and costly established procedures. That means the brokers overseen by IFSC is not under as strong regulation as FCA, ASIC and NFA regulated brokers. Our final verdict is that FBS is a legit broker, but carries a certain risk owing to its weak regulation from Belize.
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