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FBS forex broker gets CySEC license

FBS, a forex and CFD broker with a license from the International Financial Services Commission of Belize (IFSC), announced it has also obtained a license from the Cyprus Securities and Exchange Commission (CySEC).

Our check revealed that the license was granted in August 2017 to Tradestone Limited, which can operate the site fbs.eu. The license allows the company to accept and transmit orders in relation to one or more financial instruments and execute orders on behalf of clients. The company may also provide ancillary financial services, such as safekeeping and administration of financial instruments, granting credits or loans to one or more financial instruments, foreign exchange services, investment research and financial analysis.

This license means FBS can now legally provide services throughout the EU, in accordance with the MiFid passporting rules. So far the broker has had a license from Belize, as FBS Markets Inc. Another company - Parallax Incorporated, with a license from Saint Vincent and the Grenadines – was providing services in Myanmar, Brazil, Thailand and Japan.

FBS was established in 2009. The broker offers several types of trading accounts, including a swap-free Islamic account. Minimum deposits for some accounts are as low as $1 and the leverage is up to 1:3000. Trading is done on MetaTrader 4 and 5. The instrument list includes forex, metals, CFDs on oil and cryptocurrencies.



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