FBS is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, forex exotic, metals, indices, energies, Stocks. It also supports multiple trading platforms and tools such as MT5, WebTrader, FBS Trader.
Although FBS is regulated by several authoritative bodies, including Cysec, ASIC, FSC-Belize, it is not regulated by the FCA (Financial Conduct Authority). In this article, we will explore FBS’s regulatory framework, its features, and provide a list of alternative brokers that are regulated by the FCA
Does FBS Operate Under FCA?
No, FBS does not operate under FCA (Financial Conduct Authority) regulations. The broker is regulated by several other reputable financial authorities, including (Cysec, ASIC, FSC-Belize, These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the FCA in the UK.
What Other Regulations Does FBS Have?
ASIC :
FBS is regulated by ASIC. Founded in July 1998, the Australian Securities & Investments Commission (ASIC) is Australia’s national corporate regulator, overseeing corporations, markets, and financial services in accordance with the Australian Securities and Investments Commission Act 2001. Being based in Australia, ASIC regulation ensures that the broker complies with Australian laws on financial services, including responsible conduct, risk management, and financial reporting. Client money is kept in segregated accounts, and there is an emphasis on risk disclosure and trader protection.
CySEC :
FBS is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.
FSC-Belize
FBS is regulated by the Financial Services Commission (FSC) of Belize. The FSC, established in 1999, is the government agency that oversees financial services in Belize.
FBS must adhere to FSC regulations, including maintaining adequate capital, keeping client funds separate from its own, and providing regular financial updates. The FSC supervises forex trading to ensure transparency and security, although it does not specify a maximum leverage limit. For more details, you can visit their website: https://www.belizefsc.org.bz/.
Best FCA Regulated Forex Brokers: Alternatives to FBS
FBS is one of the leading forex and CFD brokers. The broker is not regulated by FCA. It is regulated by other top-tier regulators including ASIC, CySEC, FSA, FSCA, SVG. There are several FCA regulated brokers that can serve as alternatives to FBS. These brokers include:
- Founded In: 2010
- Minimum Deposit: $0, Recommended: $200
- Maximum Leverage: 500:1
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
- Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
- Founded In: 2001
- Minimum Deposit: $0, No Minimum Deposit is required. However Chinese and Brazilian traders require a $500 Minimum Deposit.
- Maximum Leverage: up to 1:400 (1:200 for retails traders, 1:400 for Pro account)
- Regulations: FCA, SCB, CMVM, BACEN and CVM
- Trading Platforms : MT4, MT5, ActivTrader, and Tradingview
- Trading Instruments: Forex, CFDs (Shares, Indices, Cryptocurrencies, ETFs, Commodities, Bonds), Spread Battings
- Founded In: 2007
- Minimum Deposit: None
- Maximum Leverage: 500:1
- Regulations: ASIC, SVG, FSA, DFSA,FCA.
- Trading Platforms : MT4, WebTrader, AxiTrading Platform, Copy Trading App
- Trading Instruments: Forex, Shares, IPOs, Indices, Commodities, Cryptocurrencies
- Founded In: 2014
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations : FCA, CySEC, FSA, FSA (Labuan), and FSCA.
- Trading Platforms : MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
- Trading Instruments: Forex , Stock Indices, Commodities,Bonds, Cryptocurrencies, Stocks
These brokers operate under FCA regulation. According to FCA rules, they offer leverage up to 30:1 and provide investor protection and negative balance protection for retail traders. To learn more about FCA-regulated forex brokers, you can read our content on the best FCA-regulated forex brokers.
How Can I Verify If My Broker is FCA Regulated?
To verify if your broker, such as FBS, is regulated by the FCA, follow these steps:
- Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
- Search the FCA Register: Visit the FCA Financial Services Register and enter the broker’s reference number or name.
- Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
- Match Firm Details: Verify that the details on the FCA website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.
Frequently Asked Questions ( FAQs)
What is FBS?
Established in 2009, FBS has matured into a leading forex and CFD broker in Europe and indeed a global brand. It boasts about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes; courtesy of its deep liquidity pool.
Is FBS Considered Safe?
Yes, FBS is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including Cysec, ASIC, FSC-Belize, . It offers negative balance protection and holds client funds in segregated bank accounts. Additionally, FBS provides an investor protection scheme for clients regulated under Cysec, ASIC, FSC-Belize, , making it a reliable and trustworthy broker.
Does FBS Offer Negative Balance Protection?
Yes, FBS offers negative balance protection. All FCA-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.
Is FBS Regulated in the UK?
No, FBS is not regulated in the UK. However, the broker accepts clients under its global entity, (FBS LLC). FBS is regulated by other top-tier authorities, such as ASIC, CySEC, and FSCA, ensuring a high standard of compliance and investor protection.
Does FBS Offer an Investor Protection Scheme?
Yes, FBS offers an investor protection scheme for clients under the Cysec, ASIC, FSC-Belize, jurisdictions. This protection covers eligible investors in case of broker insolvency or other issues. ASIC-regulated clients benefit from stringent Australian financial laws, while CySEC offers protection in line with European Union regulations, ensuring added security for traders within these regions.
Is FBS Regulated in the EU?
Yes, FBS is regulated in the EU through its license with CySEC (the Cyprus Securities and Exchange Commission). Since CySEC is an EU regulator, FBS follows the European Union’s strict standards, including client fund protection and transparency. It also complies with MiFID II regulations, ensuring a high level of oversight and security for European traders.
