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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

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!

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:

Use these visit reports as a starting point, but conduct your own research too. Cross-reference the information about FBS with other sources to get a comprehensive view of the broker. According to a survey by the Forex Trading Association, traders who spent at least 2 hours researching their broker before opening an account reported 30% higher satisfaction rates than those who didn't. When evaluating FBS, consider checking their regulatory status with multiple authorities - brokers regulated in multiple jurisdictions tend to have 25% fewer customer complaints compared to those regulated in only one jurisdiction.

Don't hesitate to reach out to FBS customer service with specific questions - a quick response time can be telling. Remember, while FBS office visit report provides valuable insights, combining this information with your own research will give you a more accurate picture of their services and reliability.

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