About FBS
Overview
FBS is a forex and CFD broker that presents itself as a provider of online trading services to retail clients. According to corporate records, the entity behind the brand is registered in Cyprus at 21, Vasili Michallidi, 3026 Limassol, with a claimed establishment date of 10 January 2022.
The broker operates the website fbstr-broker.com, which markets itself as a platform for trading currencies, indices, commodities, and cryptocurrencies. It maintains active social media profiles on Facebook, Instagram, Twitter/X, and YouTube, though the extent of its operational history and client base remains unclear.
Company Profile
FBS states that it is a Cyprus-registered company, but no official regulatory licence from the Cyprus Securities and Exchange Commission (CySEC) or any other recognised financial regulator is recorded in public registers. The registered address in Limassol corresponds to a standard corporate services location, which is common among entities that do not hold active regulatory status.
The absence of regulatory oversight is a material factor for any trader considering this broker. Without a credible licence, the broker is not required to adhere to client fund segregation rules, negative balance protection, or participate in investor compensation schemes.
Regulation and Safety
FXCanary's research has found no evidence that FBS holds any regulatory licences from tier-1 authorities such as the FCA, CySEC, or ASIC. The broker's risk score of 85/100 (Severe) reflects this lack of oversight and the associated risks for clients.
Aggregated industry databases also do not list any regulated status for this broker. As a result, traders who deposit funds with FBS do so without the protections that regulated brokers are required to provide.
Products and Services
Based on the broker's website, FBS claims to offer forex, indices, commodities, and cryptocurrency trading. Typical account types advertised include Standard, Cent, and ECN, with variable spreads and leverage options.
The broker promotes the MetaTrader 4 and MetaTrader 5 platforms, which are widely used in the industry. However, without independent verification of trading conditions, execution quality, or fund security, these claims should be treated with caution.
Account Types and Funding
FBS reportedly offers several account tiers with different minimum deposit requirements and leverage limits. Deposit methods may include bank wire, credit/debit cards, and various e-wallets, though specific details have not been independently confirmed.
Withdrawal policies and processing times are stated on the website but have not been tested by FXCanary. The lack of verifiable regulatory oversight means that client funds are not protected under any known compensation scheme.
Customer Support and Transparency
The broker provides customer support through email and live chat, as well as social media channels. Response times and effectiveness have not been assessed due to limited public feedback.
Transparency regarding company ownership, management team, and financial standing is minimal. This further complicates any due diligence effort by prospective clients.
Conclusion
In summary, FBS is an unregulated online broker registered in Cyprus with no verifiable operational track record or client reviews. The severe risk rating assigned by FXCanary reflects the inherent dangers of trading with an entity that operates outside the framework of financial regulation.
Potential clients are strongly advised to perform thorough due diligence and consider the significant risks before engaging with this broker.
Overview compiled by FXCanary from regulatory records and public data. full FBS review