FBS Forex Broker Review & Rating 2023

 With over 23 000 000 clients and presence in more than 150 countries on all five continents, FBS is one of the best known brands in the Forex industry. A state of the art broker founded back in 2009, for the past 13 years FBS has won over 60 international awards and continues to strive to provide exquisite trading conditions on two outstanding platforms – MetaTrader4 and MetaTrader5.

FBS is regulated in the European Union through its Cyprus Securities and Exchange Commission’s license, and in Australia by the Australian Securities and Investments Commission, but like many other leading brokers operates an international subsidiary, based and regulated in Belize as well. That gives FBS the ability to provide its international clients with more flexibility in terms of leverage and some other benefits like trading bonuses and loyalty programs.

Because of the local regulations, FBS clients from Australia and Europe are offered maximum leverage of up to 1:30 (1:500 if they qualify as professional traders in EU). FBS international subsidiary offers leverage as high as 1:3000 to all, retail and professional traders alike.

In May 2021, FBS became Leicester City principal club partner.

The Company. Security of funds

As we already noted, FBS is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), and in Australia by the Australian Securities and Investments Commission (ASIC) as well as in the Republic of South Africa by the Financial Sector Conduct Authority (FSCA) and in Belize by the International Financial Services Commission (IFSC) – licenses that enable the broker to service both clients throughout the European Union and around the globe with the exception of a few countries namely Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

Cyprus regulation

In the European Union and the United Kingdom, the FBS brand is represented by Tradestone Limited, headquartered in Limassol, Cyprus, and authorized by Cyprus Securities and Exchange Commission (CySEC) with a license number 331/17.

Overseeing over 240 forex and CFD brokers with hundreds of brands, including all major ones in Europe, CySEC is one of the three most popular regulatory hubs in the forex industry along with the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).

As all CySEC and EU regulated brokers FBS is fully compliant with the European Markets in Financial Instruments Directive (MiFID), which regulates all investment services in the European Economic Area (EEA) – the EU, Norway, and Iceland.

Also, as a member of the Cyprus Investor Compensation Fund (ICF), FBS (Tradestone Limited) insures the trading capital of each trader for up to 20 000 EUR, payable in the unlikely event the broker happens to be insolvent – a measure, which along with the sound regulatory framework imposed by CySEC, gives traders a complete protection for their funds.

Furthermore, as all other CySEC regulated brokers, FBS keeps all traders’ funds in a segregated from its own, protected from creditors, trust account