FBS – what we know and have as facts about it; FBS was founded in 2009 and currently has two brands. In Europe it is represented by Tradestone Limited, which is headquartered in Cyprus and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 331/17. Internationally, FBS is represented by FBS Markets Inc, which is licensed and authorized by the International Financial Services Commission (IFSC) in Belize under license number IFSC/60/230/TS/19. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Order Execution Policy text that FBS acts as a principal and is the sole execution venue to all client orders. Although FBS may transmit some client orders for execution to liquidity providers, FBS is the sole counterparty to customer trades. This means that FBS acts as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about incorrect execution of profitable trades at different prices, high latency in the execution of orders, deleted winning trades and fraud through managed accounts.
So far, we have not received any complaints from customers of FBS. If you have any criticism to share with us or feel annoyed by FBS, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FBS if you wish.