Exclusive: FBS to Launch EU Subsidiary, Acquires CySEC License

Veteran brokerage FBS is the latest company to have acquired an EU operating license. The firm has successfully completed its application with the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) and is preparing to start operations in the EU market.

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The brokerage has been operating for a number of years and at present is offering its service under a Belize-regulated subsidiary. The company has been actively marketing all over the globe with numerous clients in Asia, with increased focus on the Far East.

The CySEC-regulated subsidiary of the company will be operating the fbs.eu domain. The name of the regulated subsidiary which the broker established for the start of its operations is Tradestone Limited. The firm has chosen Limassol as its headquarters in Cyprus.

The Belize subsidiary of the company is one of the most aggressive market players when it comes to the offering of Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term to its clients. The firm’s fbs.com operation offers up to 1:3000 leverage. The company is relying on the MT4 and MT5 trading platforms to execute its operations.

The company has been operating under unregulated and offshore jurisdictions since its establishment almost a decade ago.

The development is a new chapter for the company that has been known for relying heavily on bonuses and aggressive marketing campaigns. FBS will not be able to offer the same services under its CySEC-regulated subsidiary as the regulator last year banned aggressive marketing campaigns, including bonuses and promotions.

Looking at the website of the Belize company, the global subsidiary of FBS is currently providing a 100% deposit bonus, a welcome bonus of $123, cashback and several volume-based rewards.

Finance Magnates has reached out to the company for more information on its plans in the region and will update the article when an official response is received.