Skip to main content
pipvet.comBroker Status Register
Report a broker
Independent

This register is not a regulator. Every status links to the regulator's own notice or register entry.

341 firms on file · 202 identified entity records 73 carry a published regulator notice

Caution

RECORD BW-4064NO TIER-1 ENTITY ON FILE

FBS

2 legal entities are on file for this firm, across 2 jurisdictions. The strongest supervision on file is Tier 2.

Caution — watch list means: Every entity we could locate for this firm sits offshore or is a company registration rather than a financial licence. No regulator has published anything about the firm; this is the register flagging the absence of tier-1 supervision, not an allegation.

LAST CHECKED
2026-09-15
ENTITIES
2
JURISDICTIONS
2
BEST TIER
T2
CONFIDENCE
MEDIUM
REGISTER SYNC
2026-11-05

Jurisdiction gap — read this before you deposit

No live tier-1 licence on file. Supervision listed: CySEC, FSC Belize.

A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.

Entity-by-entity licence record

One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.

Legal entityAuthority / registryNumberJurisdictionTierWhat it isSource
Tradestone LtdCySEC331/17CyprusT2Financial licencefbs.euhttps://fbs.eu/en/about/regulation
FBS Markets Inc.FSC Belize4077102BelizeT3Financial licencefbs.comhttps://fbs.com/about

Scroll the register sideways — the entity column stays pinned.

Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.

What the record says

Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.

  1. F01EEA clients are onboarded through Tradestone Ltd (CySEC 331/17); most other clients trade with FBS Markets Inc. in Belize.
  2. F02FBS.eu discloses that 66.43% of retail investor accounts lose money trading CFDs with the CySEC entity.
  3. F03FBS Markets Inc. is registered with the Belize FSC under the Securities Industry Act 2021, licence number 4077102.
  4. F04The advertised minimum deposit on the Standard account is $5.

Not verified at last check

Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.

  • not verifiedwhether an ASIC-regulated FBS entity is currently active
  • not verifiednegative balance protection outside the CySEC entity
  • not verifiedtypical EUR/USD spread on the Pro account

Account conditions on file

As published by the firm. Blank fields were not confirmed.

Incorporated
2009
Registered office
Belize City, Belize
Minimum deposit
5 USD
Leverage offered
up to 1:3000 (Belize entity); 1:30 retail under CySEC
Quoted EUR/USD spread
0.7 pips
Trading systems
MT4 · MT5 · FBS Trader app
Account tiers
Standard · Cent · Pro · Crypto
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.

Sources

Every URL below was read before this record was published.

PublisherDocumentRETRIEVED
CySECTradestone Ltd — Cyprushttps://fbs.eu/en/about/regulation2026-09-15
FSC BelizeFBS Markets Inc. — Belizehttps://fbs.com/about2026-09-15

Register office

Checked by
Priya Nair · Register office · Regulation & Safety Lead

Every entity row on this record was checked against the authority's own database or the firm's own published legal page. Where no number was published, the field is left as “not verified” rather than filled.