Exclusive: CFD Broker FBS Suspends All Marketing Activities Months After India Exit

FBS, a contract for difference (CFD) broker with an extensive presence in emerging markets, informed its partners that it has paused all marketing activities for an indefinite period, FinanceMagnates.com learned. This came only a few months after the broker suspended its services in India.

Product Development Focus Stops Marketing?

According to the broker, the marketing suspension came as it wants to focus on product development without providing further details.

The impact of the broker’s decision to suspend all marketing is also reflected on its social media accounts, as they were last updated on 31 October 2025. Before that, the broker was very active on its Facebook and Instagram accounts.

Such a move to halt all marketing activities can heavily affect new onboarding for the broker, often almost stalling it, as it will not reach out to new potential traders.

However, FinanceMagnates.com verified that the FBS onboarding process is still operational.

FinanceMagnates.com reached out to FBS, but did not receive any response as of press time.

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Goodbye India

FBS also suspended all its operations in India and ceased services to all clients residing in that country in August. FinanceMagnates.com understands that in a notice sent to FBS’s Indian customers earlier this year, it urged everyone to withdraw all their funds by 20 August 2025.

India was a major market for FBS, where it heavily promoted its services through affiliates and Introducing Brokers (IBs). However, the footer of FBS.com now lists India as one of the countries where it does not offer services.

The broker also closed its IB programs for its "partners" in India.

The pull-out of FBS from India came only weeks after another major CFD broker decided to suspend onboarding new Indian traders, but it continued its services to existing clients.

Read more: The Non-Resident Mirage - How CFD Brokers Turn India’s Rules into Opportunity

FBS was founded around 2009 and operates with licences from regulators in Australia, Cyprus, and Belize. The status of these licences appears to be active.

Despite having European and Australian operations, FBS’s main focus is on emerging markets, which include the Asia-Pacific, Africa, and Latin America. According to Similarweb data, over 18 per cent of Belize-regulated FBS.com’s traffic comes from Indonesia, while Kenya and Thailand generate 13.5 per cent and 10.5 per cent, respectively. For the EU-centric FBS.eu domain, Italy appears to be the biggest market with a share of more than 6 per cent.

However, it must be noted that traffic to a website does not directly show the trader distribution on a platform.