FBS regulation & licences
Our take
FBS was founded in 2009 and operates under CySEC (EU), ASIC and the Belize FSC.
Best suited to: Beginners in Asia and LatAm with small deposits
Licences on record 3
1 Tier 1 — top-tier regulation
2 Tier 2 — strong regulation
4 Tier 4 — light / offshore
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
FBS is a forex & CFD broker founded in 2009 and headquartered in Cyprus.
In our database FBS is matched to 3 licences from ASIC, CySEC and FSC (Belize). The strongest of these, the ASIC (Australia) is among the regulators we classify as tier 1 — bodies with strict capital, client-money and conduct rules.
Be aware that a single FBS website can front several legal entities. Its ASIC and CySEC-regulated companies serve local residents, while international clients are frequently handled by entities supervised by FSC (Belize), which offer much weaker safeguards.
Depending on the entity, eligible clients may be covered by Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under ASIC and CySEC rules. Retail leverage caps apply at the ASIC and CySEC-regulated entities (for example 30:1 on major FX pairs at ASIC).
FBS offers MT4, MT5 and its own proprietary platform. The advertised minimum deposit starts from about US$5 — minimums often vary by account type and entity.
Regulatory strengths
- CySEC and ASIC entities
Points to check
- Global clients via Belize
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 ASIC | No statutory compensation fund for OTC derivatives; complaints go to AFCA | 30:1 on major FX pairs for retail clients since March 2021 | Required for retail clients | Australian Financial Complaints Authority (AFCA) |
| 2 CySEC | Investor Compensation Fund (ICF) — up to €20,000 | 30:1 on major FX pairs (ESMA rules) | Required for retail clients | Financial Ombudsman of Cyprus |
| 4 FSC (Belize) | No compensation scheme | No statutory cap | Not a regulatory requirement | FSC Belize |
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FBS regulation FAQ
Is FBS regulated?
Yes — in our database FBS is matched to 3 licences: ASIC (Australia), CySEC (Cyprus) and FSC (Belize) (Belize). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is FBS a tier-1 regulated broker?
FBS holds 1 licence from regulators we classify as tier 1: ASIC.
Does FBS accept US clients?
FBS is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so FBS generally cannot accept US retail forex clients.
Is my money protected with FBS?
Clients of FBS's CySEC-regulated entity may be eligible for statutory compensation (Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at FBS?
FBS's advertised minimum deposit starts from about US$5. It can differ by account type, payment method and the entity you are onboarded to.
How can I verify FBS's licence?
Find the company name and licence number in FBS's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.