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Categories

July 13, 2016

Question:Is my fund & personal information safe with FBS? How can I be sure about it?

Answer:

As a financial institution, FBS takes every preventative measure to ensure its client investments are highly secure and safe under all circumstances.

This level of security is achieved through the following:

1. Segregation of client funds

FBS Client funds are held in separate accounts within secure banking institutions, thereby protecting their use for any other purpose.

This segregation from the company’s own accounts ensures that traders’ funds cannot be used by the company under any circumstances.

2. EU Regulation by CySEC

FBS operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) meaning the company can only keep operating per its regulatory requirements and by submitting efficient financial reports.

The regulation which your account will be under, maybe different depending on the country residence.

3. MiFID compliant

As a European brokerage firm, FBS is a MiFID Forex broker in full compliance with the regulations of Markets in Financial Instruments Directive (MiFID), meaning they can offer authorized and regulated cross-border services to all member states of the European region.

4. Member of Investor Compensation Fund (ICF)

FBS is also a member of the Cyprus Investor Compensation Fund.

A fund that has been in place to secure the claims of the covered client against investment firms, which are members of the said fund. Client claims for compensation may be exercised through the fund following the failure of a member firm to compensate the client.

In the rare case of the company’s insolvency clients’ funds are always covered.

The purpose of the ICF is to pay compensation to retail investors in those cases in which the investment firm concerned is unable to pay over clients’ assets due to financial circumstances, and there is no realistic prospect of these circumstances improving in the near future.

5. SSL Security with 256 Bit Encryption

Clients’ financial transactions are all protected by the Secure Sockets Layer (SSL), which is a security technology for establishing an encrypted link between a web server and a web browser ensuring all data passed between the web server and browser remains private.

Could my personal information be leaked to third party from FBS?

FBS ensures you that your personal details are kept secured.

Also you can update your personal information at any time. FBS uses SSL security systems to guarantee full protection of your personal information.

Also the broker follows the directive set by its regulatory authority CySEC, and that also ensures that your funds and personal information are kept safely.

It is often that third party broker suddenly start sending promotional emails to you even if you don’t remember that you have signed up or given any information to the company.

To find out where your information has been leaked, you may want to use different email registered for each broker.

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