I have account with FBS ,they highly reliable and good broker. I have no complaint so far and I am fully satisfied with their services. Customer support is always available and ready to solve trader's problems if they have any.
The service that we like the most about FBS is the deposit insurance, which helps you to insure between 10% and 100% of your deposit – as long as you have traded a certain number of lots, the broker pays you back the insured amount in case you lose it. This way you can stop worrying about your investment, and can focus on making some dough instead.
Broker | Country | Regulation | Platform | Min Deposit | Review |
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Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
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Cyprus, SVG | CySEC | MT5, Web, cTrader |
$100 | Review Website |
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Australia, Cyprus | ASIC, CySEC | MT4, MT5, Iress | $100 | Review Website |
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Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
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UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
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UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
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Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
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Belize | IFSC | MT4, MT5 | $100 | Review Website |
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Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
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Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
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UK | FCA | MT5 | $5 | Review Website |
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UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
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Australia, UK | ASIC, FCA | MT4, MT5, cTrader |
$200 | Review Website |
The U.S. police have arrested three individuals in connection to a crypto mining scam that costed investors over 722 million USD. According to a statement by the Justice Department all three of them - Matthew Brent Goettsche, Jobadiah Sinclair Weeks, and Joseph Frank Abel are charged with conspiracy to offer and sell unregistered securities, while Goettsche and Weeks alone are charged with conspiracy to commit wire fraud as well. The defendants are facing fines of between 250 000 USD and 500 000 USD each and a prison sentence of up to 25 years if found guilty on all charges. Read more
China's central bank, the People’s Bank of China (PboC), is proceeding with its plan to launch a central bank- backed digital currency (CBDC) in two major cities – the 14 million megalopolis of Shenzhen, which neighbors Hong Kong, and Suzhou - a historical city west of Shanghai. For the initial test, which can start as soon as this month the China's central bank is partnering with seven state owned corporations, among which four commercial banks and three telecoms, reports Caijing, a Chinese financial news agency, without specifying which exactly are the seven companies. Read more
The latest additions to the warning list of Italian financial regulator CONSOB (Commissione Nazionale per le Societa e la Borsa) are PlatiniumFX, Capital GMA, and several other unregulated brokers. CONSOB also ordered internet providers to block access from Italy to the websites of these entities, as they offer financial services in the country illegally. Actually, both PlatiniumFX and Capital GMA are allegedly based in Bulgaria, but aren’t licensed by the local Financial Supervision Commission (FSC), nor by another EU financial regulator, as required by law. Read more
As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. #FBS2020 contest starts off on December 9 and will continue till January 7. Over this period, the clients are supposed to write a Thank You message for their friends, family members, or anyone who played an important role to them in 2019. The idea is simple: New Year’s Eve is the time to make conclusions, analyze the past 365 days, and make plans for the future. Read more
The US Commodity Futures Trading Commission (CFTC) updated its warnings list with twenty new forex and binary options scam websites, bringing the total blacklisted websites to nearly 150. In the CFTC RED List, which stands for “Registration Deficient List”, the Commission warns the public against unauthorized forex and binary options companies that illegally target U.S. citizens – basically websites that appear to be soliciting or accepting funds from U.S. residents without having obtained the necessary CFTC registration, as a Retail Foreign Exchange Dealer (RFED) and a Futures Commission Merchant (FCM). Read more
Officials from the Thai Department of Special Investigation (DSI) seized over 15 million baht from the owner of Forex- 3D Ponzi scheme and his associates, the Bangkok Post reported on Thursday. The DSI and Central Institute of Forensic Science searched four locations in Bangkok and Nonthaburi earlier this week, and seized assets from Apiruk Kothi, the owner Forex-3D, and his network members involved in an alleged scam. This is the second raid conducted by authorities against members of Forex-3D. A Porche car worth 9.5 million baht, 3-million-baht Harley-Davidson motorcycle, and several other valuable items, were among the items seized by the DSI. Read more
EU finance ministers have agreed that private digital currencies like Libra – the crypto coin Facebook plans to launch in 2020, should not be allowed in the European Union until all possible risks are identified and properly addressed, Reuters reports. Since Facebook revealed its Libra project in June, virtually all major financial regulators have expressed concerns about Libra's possible impact on the global financial system. The unease steams from Facebook's huge customer base – currently the social media has more than 2 billion users. Read more
The United States Commodity Futures Trading Commission (CFTC) apparently can not locate Peter Szatmari, who defrauded nearly 4 million USD from binary options investors. In early October CFTC filed a five- count complaint against Szatmari for alleged violations of the Commodity Exchange Act and other Commission Regulations. Before filing the complaint however CFTC and Szatmari appeared to have agreed in principal on a settlement, from which Szatmari latter backed and disappeared. When Szatmari attorney was asked a contact information, he said he no longer represents the defender and gave the Commission a Kahului, Hawaii P.O. Box address. Read more
After a successful operation of the police in Austria, Germany, the Czech Republic and Bulgaria has lead in February to the arrests of several financial executives, among which the Izraeli citizen Gal Barak, who is charged of orchestrating an online trading scam, that allegedly has defrauded European investors of over 100 million Euro, now a Bulgarian court has given the green light for Barak to be extradited to Austria, reports Faktor.bg, a Sofia based online portal. The Austrian authorities have several charges against Barak, among which a case of massive fraud, money laundering and participation in an organized crime group. Read more
Italy's financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) has blacklisted a bunch of unregulated brokers today, including EvolutionBrokers, and KapitalSwiss. CONSOB also ordered internet providers to block access to their websites. Both forex brokers mentioned above are most likely involved in investment scam. EvolutionBrokers is an offshore brokerage that has also been flagged by the Financial Commission (FinaCom), while KapitalSwiss appears related to con-artists around Up4x and Easy FX Solutions. Read more