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Is FBS Regulated in Malaysia? Is FBS Legit?

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Is FBS Regulated in Malaysia? Is it Legit? - TU Expert review

Updated: February 21, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Dr. BJ Johnson

Editor

Official FBS
website

Your capital is at risk.

Full FBS
overview

Regulator	Full name	Country
CySec	Cyprus Securities and Exchange Commission	Cyprus
FSC (Belize)	Financial Services Commission of Belize	Belize

Is FBS regulated in Malaysia? Broker’s license

Security (Protection for Investors)

Information

FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission of Belize (FSC). This means that the FBS broker carries out financial activities following the regulations and the requirements of the regulator. Thanks to this, the rights and obligations of clients and the company are clearly defined and this guarantees the safety of traders' funds.

👍 Advantages

Client deposits are not available for use by the broker because they are kept separate from the company's funds
Negative balance protection
Dispute resolution is carried out with the involvement of an independent agent
Insurance: since the broker is a member of the Investor Compensation Fund, in the event of bankruptcy of the broker and inability to fulfill its obligations, its clients are compensated

👎 Disadvantages

Regulators do not consider claims of private traders trading small amounts

Is FBS regulated in Malaysia? Broker’s license

FBS regulation review

Regulator	Country	Regulation level	Investor Protection Fund
CySec	Cyprus	Tier-1	Up to €20,000
FSC (Belize)	Belize	Tier-3	No specific fund

Understanding Forex Regulation Levels

When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:

Tier-1 Regulators:
These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia.
Tier-2 Regulators:
While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability.
Tier-3 Regulators:
Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.

Short summary about the broker FBS

FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.

💰 Account currency:	USD, EUR
🚀 Minimum deposit:	$5
⚖️ Leverage:	1:3000
💱 Spread:	From 0.7 pip
🔧 Instruments:	Forex, indices, metals, futures contracts
💹 Margin Call / Stop Out:	40% / 20%

Pros and cons of FBS

👍 Advantages of trading with FBS:

•negative balance protection;

•a large selection of trading instruments;

•the support service works 24/7.

👎 Disadvantages of FBS:

•auto copying is not available;

•no PAMM accounts;

•not suitable for short-term trading, such as scalping;

•the support service works in a limited number of languages;

•only two real accounts.

Why is it important for a broker to have the license in Malaysia?

A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:

Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
A license issued in Malaysia guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.

It is also possible to choose a broker that is not regulated in Malaysia. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.

Brokers that are similar to FBS

In addition to FBS, also other brokers from this jurisdiction have the license of Malaysia. FBS has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Malaysia market and have a license of this or another reliable jurisdiction.

Comparison of FBS with other Brokers

	FBS	Eightcap	XM Group	RoboForex	Markets4you	Kama Capital
Trading platform	MT4, MobileTrading, MT5, FBS app	MT4, MT5, TradingView	MT4, MT5, MobileTrading, XM App	MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader	MT4, MobileTrading, MT5	MetaTrader5
Min deposit	$5	$100	$5	$10	No	No
Leverage	From 1:1 to 1:3000	From 1:30 to 1:500	From 1:1 to 1:30	From 1:1 to 1:2000	From 1:10 to 1:4000	From 1:1 to 1:400
Trust management	No	No	No	No	No	No
Accrual of % on the balance	No	No	No	10.00%%	No	No
Spread	From 1 point	From 0 points	From 0.8 points	From 0 points	From 0.1 points	From 0 points
Level of margin call / stop out	No	No	No	No	No	No
Execution of orders	Market Execution	Market Execution	Market Execution	Market Execution, Instant Execution	Market Execution, Instant Execution	Market Execution
No deposit bonus	No	No	No	No	No	No
Cent accounts	No	No	No	Yes	Yes	Yes

Is it safe to trade with FBS in Malaysia?

FBS is not regulated in Malaysia. The company does not hold a financial license, which could raise certain security-related questions. Nevertheless, the company has a good reputation and has proven its reliability to traders. FBS offers attractive conditions; many traders in Malaysia have chosen to work with this broker. However, be aware of the risks when working with such companies.

Igor Krasulya

Author at Traders Union

FAQ

How do I check a broker’s license?

Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.

Does a broker need to have an official representative office in Malaysia?

Yes. According to the rules of Malaysia, brokers must have an office in Malaysia. This is a mandatory condition for obtaining the license.

Can the license issued by Malaysia be considered reliable protection against fraud?

Yes. The rules of the financial regulator of Malaysia are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.

What kind of information should a broker provide for traders?

On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.