FBS, a forex and contracts for difference (CFDs) broker, announced on Tuesday that it has started offering trading services in Australia after obtaining an Australian Financial Services license from the local financial market regulator, Australian Securities and Investments Commission (ASIC).
The Aussie brand of the brokerage is operating from the domain www.fbsaustralia.com and is targeting to onboard both beginner and expert traders.
“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,” FBS explained.
The broker is offering more than 124 CFDs trading instruments, ranging from forex, stocks, commodities and cryptocurrencies.
Good Brand Reputation in Europe
FBS is a well-known trading services operator with operations around the world. It is already regulated by the Cyprus Securities and Exchange Commission (CySEC) and has clients across Asia, Latin America, Europe and the MENA region. Now with the Australian operation, the broker group is further expanding its global presence.
The brokerage has entered Australia just ahead of its implementation of ASIC’s new restrictions on the leverage and marketing to retail traders, which is the key client base of FBS.
In its 12 years of operations, FBS has gained more than 16 million clients. The CySEC -regulated entity has aggressively expanded its services over the years. Last year, it inked a four-year-long global partnership agreement deal with major Spanish football club, Barcelona FC, giving much hype to the brand.