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Traders Union team checked FBS office in Cyprus

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

We checked the office of the FBS brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:

Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus

Verified the company's address
* The results of this inspection shall not be regarded as an advice to choose the broker.
  • The company is located at the stated address

  • We were able to speak to a company representative

  • We were able to visit the office as clients

  • Video of the company’s office

Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.

Traders Union's goal is to help traders understand the operation of FBS under CySEC regulation. Recently, Traders Union visited the office of FBS to verify that the company is genuinely operating in Cyprus and providing services there.

In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.

Brief dossier of FBS

Open an account
Your capital is at risk.
Foundation date 2009
Headquarters Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus
Regulation
Official site
Contacts

A visit to the office of FBS in Cyprus

Blinov Vasily, our associate, visited the office of FBS located at the following address: Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.

A visit to the office of FBS in Cyprus

The FBS office is located at Vasileos Georgiou A 89, Potamos Germasogeias 4048, Limassol, Cyprus. It is relatively close to the sea coast. The building is under restoration, but is functioning. Broker's office - No. 101, it's on the first floor. Clients can visit the office in person or leave correspondence for company employees (there is a mailbox).

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FBS Office

A video report of the visit to the broker’s office

Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.

FBS Office

Choose the Best!

Open an account at FBS
Your capital is at risk.

Is a FBS safe broker?

Traders Union experts believe that FBS is a safe broker. This is evidenced by several factors, including:

  • Tier-1 Regulation: Regulated by a Tier-1 authorities.
  • Investor Protection Fund: Participation in the Investor Compensation Fund.
  • Segregated Accounts: Client funds are kept separate from company funds.
  • Longevity: FBS has a long history of reliable operating.

FBS safety and regulation

All FBS regulator Country of regulation Regulation level Investor protection fund Segregated Account
CySec Cyprus Tier-1 Up to €20,000 Yes
FSC (Belize) Belize Tier-3 No specific fund Yes

How does CySEC regulation protect investors?

  • EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.

  • Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.

  • Transparency and Accountability: Ensures brokers operate with high standards of transparency.

  • Client Fund Segregation: Requires brokers to keep client funds separate from company funds.

  • Strict Licensing: Only grants licenses to brokers meeting rigorous standards.

  • Continuous Monitoring: Regular audits and oversight to ensure compliance.

Beyond the office: practical advice for Forex investors

As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:

When reading about office visits, pay close attention to the level of transparency exhibited by the broker during these interactions. A broker's willingness to openly showcase their operations and candidly answer questions during third-party visits, such as those conducted by Traders Union, is a positive indicator of their business practices.

In the case of any broker, including FBS, their openness about risk management protocols, order execution processes, and client fund segregation practices during office visits aligns with industry best practices. Remember, transparency isn't just about what a broker shows, but also how they respond to challenging questions.

Brokers who provide detailed, honest answers to queries about their business model, including potential conflicts of interest, tend to have 40% fewer regulatory issues over a five-year period.

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