Already established in Europe and beyond, popular forex and CFD broker, FBS, has obtained an AFS license from the Australian regulator. The new FBS Australian entity will offer 124 CFD instruments to Aussie traders along with a catalogue of trading tools.
FBS Opens Aussie Entity
FBS announced on Tuesday 16th February that it was now offering trading services to investors in Australia. The online brokerage recently secured an Australian Financial Services (AFS) license from the country’s regulatory body – the Australian Securities & Investments Commission (ASIC).
FBS had this to say of the move “Australian Financial Services License granted by ASIC is highly regarded in the trading community: it ensures that the broker complies with Australia’s strict financial laws and guidelines, protects the client’s funds, and guarantees their security and transparency of the financial operations.”
The Australian branch of the FBS group is running from www.fbsaustralia.com and will be available to both beginners and experienced traders. Aussie customers will be able to speculate on a long list of forex pairs, stocks in leading companies, as well as a handful of commodities and popular cryptos, such as Bitcoin.
This latest news will undoubtedly add to its 16 million-strong customer base, following 12 years in the industry and licenses from the likes of the CySEC.
The move comes as ASIC announced a revised leverage limit for retail traders, with forex trading capped at 1:30 – a rule the new FBS Australian branch intends to abide by. FBS has also secured an extended partnership deal with FC Barcelona, adding to the group’s brand exposure.
FBS is an award-winning forex and CFD broker offering its own mobile app alongside the coveted MT4 and MT5 trading platforms. Clients benefit from tired account levels to suit different traders, with reduced fees in return for larger deposits. On deposits, payments can be made through a handful of popular methods, including Visa, Mastercard, Skrill and Neteller.
FBS also offers a bespoke copy trading service where customers can automatically replicate the positions of other traders. Users can compare providers, assign capital and build their own investment portfolio. With low fees and an easy-to-use dashboard, the copy trading solution is great for beginners and those looking to benefit from the experience of established investors.
As a reputable broker with excellent customer reviews, news of its latest investment in Australia will no doubt be well received by keen Aussie traders.