Is FBS broker safe?
@Aleq syaifuddin: In determining whether a broker is safe or not, there must be parameters or standards used to be objective in assessing. One of the best parameters or standards to use in assessing the safety of a broker is the regulation used and the supervisory agency that oversees the broker.
Broker FBS is headquartered at No.1 Orchid Garden Street, Belmopan, Belize, C.A. with the company name FBS Holding Inc. Its regulation is from IFSC Belize (License Number IFSC/60/230/TS/18) and CySEC Cyprus (License Number 331/17). Thus, this broker is supervised by IFSC and CySEC.
The type of regulation from offshore countries such as Belize, St Vincent and the Grenadine, Seychelles, British Virgin Islands, Cyprus and so on has less security because monitoring from the regulator is generally very loose.
We recommend choosing a broker that has been regulated by an internationally credible regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. Credible regulatory bodies are those that have been tested and internationally recognized, and provide strict sanctions to brokers if they are found to violate agreed terms. These regulatory bodies are also responsible for the security of client funds.
To find out detailed explanations regarding the types of forex brokers based on regulatory levels, you can see the following article:
Getting to Know the Types of Forex Brokers