Home / Reviews / FBS / Regulation
FBS regulation: what happens if the firm fails
The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses FBS and what the protections are.
Facts last checked . Read the full FBS review.
Regulation and safety
- Regulated by
- Financial Services Commission, Belize
- Regulator tier
- Tier 3 / Offshore
- Register entry
- Belize FSC register
- Client money segregated
- Yes
- Held at
- Multiple Tier-1 banks; individual banks not disclosed
- Negative balance protection
- Yes
- Compensation scheme
- None
- Audited by
- Not prominently disclosed
- Not available to
- USA, EU, UK, Israel, India, Iran, Myanmar and additional restricted jurisdictions
What this means
The licence is what decides where your money sits and who is obliged to do something about it.
FBS lists its regulation as Financial Services Commission, Belize.
Client money is held separately from the firm's own money, at Multiple Tier-1 banks; individual banks not disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
No compensation scheme covers this entity. If the firm fails owing you money there is no statutory fund to claim against, and what you get back depends entirely on what administrators recover.
Questions about FBS regulation
Is client money segregated at FBS?
Yes. FBS holds client money separately from its own funds, at Multiple Tier-1 banks; individual banks not disclosed.
Does FBS offer negative balance protection?
Yes. FBS offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Is there a compensation scheme at FBS?
FBS's compensation scheme is recorded as: None. A scheme covers the broker failing, not losses on your trades.
Regulation at brokers under the same regulator
- XM regulation also licensed by FSC (Belize)
- Exness regulation also licensed by FSC (Belize)
- XTB regulation also licensed by FSC (Belize)
- Scope Markets regulation also licensed by FSC (Belize)
- Xtrade regulation also licensed by FSC (Belize)