So I just checked regarding FBS, that broker regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), and in Australia by the Australian Securities and Investments Commission (ASIC) as well as in the Republic of South Africa by the Financial Sector Conduct Authority (FSCA) and in Belize by the International Financial Services Commission (IFSC) – licenses that enable the broker to service both clients throughout the European Union and around the globe with the exception of a few countries namely Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.
So that is pretty good regulation, I think, and definitely includes ASIC.