Is FBS safe or a scam? How are you protected?

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2023/01/18 87 0

Is FBS safe ?

FBS is a brand name used by the Tradestone Limited, which is a Cyprus registered company, EU and MiFID regulated investment firm registered with CySEC.

An additional entities of FBS is located in the Marshall Islands and Belize, which are offshore zones that do not really prove its reliable status on its own. Belize local regulator International Financial Service Commission or IFSC mainly just register companies rather than regulate them.

Yet, together with regulation from European CySEC it makes FBS a broker which compliant to regulatory requirements and therefore offers reliable trading conditions.

Pros

Cons

• Regulated broker with long years of operation

• Negative balance protection

• Global expand

• Offshore entities in Belize and Marshall Islands

• Protective measures vary according to the entity

How are you protected?

Indeed, trading with a regulated broker that adheres to strict standards is a first and important step before you sign in with any trading company. In this matter, FBS with its obtained license and compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities y Negative Balance protection.

In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

Therefore and because of its obtained license compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities y Negative Balance protection. In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

Conclusion

FBS review presents a brokerage company, which relies on fair trading services and brings the opportunity to every trader no matter the level of expertise or even size of investments. The range of account types, platforms along with advanced tools and convenient customer supports enables it all becomes true. Also, FBS adheres to popular and quite good reputation among traders, while also FBS actively participating in social activities and is a respected official trading partner of FC Barcelona.

Also, beware that the FBS EU offering is different compared to an international one, so make sure you’re choosing appropriate conditions personally for you.

While the trading costs are among the average as well, while there is no any misunderstanding due to the company FBS Markets execution model as an STP Broker.

Overall, the FBS option is nice to consider and good to have. Yet, we would be glad to hear your personal opinion about FBS, so you may add a comment below or ask for additional info if needed.

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