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Ben

July 9, 2009

Hi all!
I noticed that FXCBS hasn't been mentioned yet in this thread, so I would like to know what people think about them and if you would please share any experiences? The makers of FAPTurbo endorse them as a true ECN, however they get a lot of flack for being relatively new and not regulated...yet.

Thanks,

-Ben

BrokerGuru

July 10, 2009

FXCBS is relatively new - since 2007, is based in United Arab Emirates. FXCBS is regulated by ESCA (Emirates Securities & Commodities Authority), DMCC (Dubai Multi Commodities Centre) and is a Member of DGCX (Dubai Gold & Commodities Exchange).
They are true ECN with very competitive trading conditions. I've received quick and competent support regarding all my questions with them.
From traders' feedback, their order execution is good and spread quotes are very low. So far no complaints.


trader

July 11, 2009

FXCBS, feel confused about their location. Where are they actually? What is the GMT offset because I checked their website, their bank is in Cyprus, the beneficiary address is in UK, and they stated they "soon to become" Dubai regulated. Why "soon to become"? They are still applying?

BrokerGuru

July 12, 2009

FXCBS headquarters are in UAE.


trader

May 23, 2011

Do you have the address in Dubai?

BrokerGuru

May 24, 2011

No, I don't, I'm sorry.
The latest news were that the broker has moved the business to Tortola, British Virgin Islands and that FXCBS is currently not regulated.

trader

December 20, 2011


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