Does the FSCA Regulate FBS Broker?

No, the Financial Sector Conduct Authority (FSCA) in South Africa does not regulate FBS broker.

FBS is a broker that has weak regulation from the Financial Service Commission (FSC) Belize and I say weak because such offshore regulators can even allow the brokers self-regulate and do as they please.

FBS is not regulated by any well known market regulator anywhere in the world and little wonder they reject clients from Israel, EU & UK.

Some people have been saying FBS is regulated in Australia but that is not correct, what they have in Australia is called "FBS Oceania" and is a different brand name from "FBS" in South Africa.