Already established in Europe and beyond, the 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 February 16th that it is 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 about the move: “The 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.