Is FBS Regulated by the Mas as of 2024

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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.

FBS is regulated by several authoritative bodies such as Cysec, ASIC, FSC-Belize. However, FBS is not regulated by the MAS ( Monetary Authority of Singapore). In this article, we will explore FBS’ regulations, and its features, and provide a list of alternative brokers that are regulated by MAS.

Does FBS Operate Under MAS?

No, FBS does not operate under MAS (Monetary Authority of Singapore) regulation. However, 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 MAS in Singapore.

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 MAS Regulated Forex Brokers: Alternatives to FBS

FBS is one of the leading forex and CFD brokers. The broker is not regulated by MAS. It is regulated by other top-tier regulators including Cysec, ASIC, FSC-Belize. There are several MAS  regulated brokers that can serve as alternatives to FBS. These brokers include: 

Forex.COM

Forex.COM

  • Founded In:  2001
  • Minimum Deposit: $100
  • Maximum Leverage: 50:1
  • Regulations: CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
  • Trading Platforms : Mobile App, Web Trader, Meta Trader 5 
  • Trading Instruments: Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver.
MultiBankFX

MultiBankFX

  • Founded In:  2005
  • Minimum Deposit: $50
  • Maximum Leverage: 1:500
  • Regulations: ASIC, Austrac, Bafin, CIMA, ESCA,  CySEC, FSC, FMA, MAS, TFG,  VFSC, FSCM, FSAS
  • Trading Platforms: MT4, MT5, Multibank-Plus
  • Trading Instruments: Forex, Metals, Shares,  indices, Commodities, Cryptocurrencies
IG

IG

  • Founded In:  1974
  • Minimum Deposit: $0
  • Maximum Leverage: 1:200
  • Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA 
  • Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
CMC Markets

CMC Markets

  • Founded In:  1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
  • Trading Platforms : MT4 , Share trading platforms
  • Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
Interactive Brokers

Interactive Brokers

  • Founded In: 1978
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: SEC, CFTC, FCA, FSCS, FINRA, FCM, IIROC, MAS, FSA
  • Trading Platforms : WebTrader, FIX API, MobileTrader
  • Trading Instruments: Stocks, options, futures, currencies, bonds, and funds

These brokers operate under MAS regulation. According to MAS rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about MAS-regulated forex brokers, you can read our content on the best MAS-regulated forex brokers.


How Can I Verify If My Broker is regulated by MAS or Not?

To verify if your broker, such as FBS, is regulated by the MAS, follow these steps:

Step 1: Obtain the Broker’s License Number or Name

The first step in verifying whether a broker is MAS-regulated is to gather the necessary details from the broker’s official website. Look for the broker’s licensed or reference number, which is typically listed in the footer, legal section, or “About Us” page. If the license number is not available, the broker’s name can also be used for verification. Having the correct license number or name ensures a more accurate search when checking the broker’s regulatory status.

Step 2: Search the MAS Financial Institutions Directory

Once you have the broker’s license number or name, visit the official MAS Financial Institutions Directory at https://eservices.mas.gov.sg/fid. Enter the license number or the broker’s name into the search bar and hit enter. This directory contains all MAS-regulated entities, and your search results should show the broker’s profile if they are indeed regulated. This step is critical for confirming that the broker you are considering operates legally under MAS oversight.

Step 3: Check License Type and Status

After locating the broker in the MAS directory, carefully review their profile. Look specifically for the license type and status to ensure that the broker is authorized to offer the services you need. If you are trading forex, verify that the broker is licensed to provide “Spot Foreign Exchange Contracts for Leveraged Forex Trading” under “Dealing in Capital Markets Products.” This step confirms that the broker has the necessary permissions to legally offer forex trading and other related financial products.

Step 4: Verify Broker Contact Details

Another essential step is to ensure that the contact details listed on the MAS website match those provided by the broker on their own site. Pay close attention to details such as the broker’s website URL, email address, and phone number. If the contact details differ, it could indicate that you are dealing with an unauthorized broker or a clone firm that is pretending to be MAS-regulated. Verifying these details helps protect you from potential scams or unauthorized firms.

Step 5: Stay Away from Unlisted Brokers

If you cannot find the broker in the MAS directory, this is a red flag. Brokers that are not listed are likely unauthorized, and trading with them can put your funds at serious risk. Unauthorized brokers often operate without regulatory oversight, meaning they may not adhere to client fund protection rules, leaving your investments exposed. Always stay away from brokers that are not listed in the MAS directory to ensure your money remains safe.

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. Though FBS is not regulated by MAS, it is regulated by other reputed regulatory authorities including Cysec, ASIC, FSC-Belize. These regulations ensure strict compliance with industry standards and provide protection for client funds.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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