FBS Review: CySEC & ASIC Licensed, Yet Scored 2.51 , What's Really Going On?

FBS is a Belize-headquartered broker operating through subsidiaries in Cyprus and Australia. It holds active licenses from CySEC (Tradestone Ltd, 331/17) and ASIC (Intelligent Financial Markets Pty Ltd, 426359), and offers MT4, MT5, and a proprietary app with Standard and Ultra account types. On paper, that looks credible , but WikiFX scores FBS at 2.51 out of 10, weighed down by regulatory warnings and a heavy volume of user complaints about withdrawals and trade execution.

Regulatory Safety

FBS's CySEC and ASIC licenses are valid and active. However, the broker has appeared on warning lists from other authorities. The Securities Commission Malaysia (SCM) flagged FBS Malaysia / FX Trade Pro in 2021 for unlicensed capital market activities. Japan's Financial Services Agency (FSA) issued a warning in 2015 naming FBS Markets Inc. for soliciting derivatives transactions without registration. These disclosures sit alongside valid licenses and complicate the regulatory picture.

Platform and Products

FBS supports MT4, MT5, and a self-developed mobile app. Standard and Ultra accounts are available, and Expert Advisors are permitted. The broker's website advertises leverage up to 1:3000, though the CySEC entity operates under lower leverage caps in line with EU rules.

What Traders Are Reporting

Complaints filed through WikiFX follow recurring themes. A trader from Congo reported depositing funds via cryptocurrency that were never credited to their trading account. An Indonesian user described “not enough money” errors blocking trades despite available funds, calling it platform manipulation. There are also positive voices: a Malaysian trader described smooth deposits and withdrawals, calling FBS a great broker.

Advantages

FBS brings genuine strengths: multiple credible licenses, industry-standard platforms, strong multilingual support, and a well-rated trading environment in WikiFX's VPS assessment.

Conclusion

FBS holds credible licenses and delivers a polished platform, but a 2.51 score, multiple regulatory warnings, and persistent complaints about withdrawals and execution are hard to ignore. For potential traders, the key question is whether their account falls under the CySEC or ASIC entity, and whether they are comfortable with the reported withdrawal friction.

FAQ

**Is FBS regulated?** Yes , FBS entities are licensed by CySEC (Tradestone Ltd, 331/17) and ASIC (Intelligent Financial Markets Pty Ltd, 426359). However, FBS-linked operations have appeared on SCM Malaysia and FSA Japan warning lists.

**Why is FBS scored 2.51?** The low WikiFX score reflects multiple regulatory warnings and a high volume of complaints, especially around withdrawals and trade execution.

**Can I withdraw money from FBS?** Some users report no issues, but many complaints describe delays, rejections, and withheld profits. Withdrawal experience appears inconsistent.

Before You Trade

• Confirm your account is under the CySEC or ASIC-regulated entity
• Check recent WikiFX complaints for the latest withdrawal reports
• Start small to test the deposit and withdrawal process
• Use the WikiFX App to review FBS's full regulatory history and real-time data