{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "fbs-mt5-bz",
  "urls": {
    "html": "/demo-accounts/fbs-mt5-bz.html",
    "json": "/demo-accounts/fbs-mt5-bz.json",
    "markdown": "/demo-accounts/fbs-mt5-bz.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "Up to 10,000",
    "fundsNote": "Currency not established; balance adjustable.",
    "expiryType": "conflict",
    "expiry": "Company discretion / inactivity",
    "expiryNote": "See documented terms for scope and exceptions.",
    "evidence": "conflicting",
    "signup": "See the documented terms below. Account opening has not been tested.",
    "note": "Resolve product-page regular-use wording versus support's fixed MT4 40/25-day rules, and establish MT5/FBS App expiry. Confirm base currencies, demo-only verification requirements and virtual-balance adjustment limits. Verify country eligibility and applicable agreement before linking a regional signup.",
    "id": "fbs-mt5-bz",
    "broker": "FBS",
    "entity": "FBS Markets Inc.",
    "regions": [
      "BZ"
    ],
    "region": "BZ",
    "regionLabel": "Belize",
    "researchScope": "Belize",
    "platform": "mt5",
    "platformLabel": "MetaTrader 5",
    "terms": "Free without deposit; MT4/MT5/FBS App. Up to $10,000 initial virtual funds, adjustable. Product page says active while regularly used, with an unspecified inactivity period. Current English support instead specifies MT4 40 days (25 days if opened within MT4), then deletion; MT5 at company discretion. Preserve this discrepancy, not an unlimited-demo claim. Register through website/app; base currency, exact top-up controls and demo-only KYC not established.",
    "entityMapping": "September 2026 privacy policy identifies FBS Markets Inc. as company/controller for fbs.com and FBS App; regulator lists fbs.com. No residence-specific signup agreement inspected.",
    "eligibility": "Country-specific acceptance and Belize-vs-other-entity routing require checking in the current application; no blanket acceptance inferred from global marketing.",
    "evidenceNote": "Official demo confirmed; expiry conflict needs resolution",
    "sources": [
      "fbs-2",
      "fbs-3",
      "fbs-4"
    ],
    "visit": "fbs-2",
    "regulation": {
      "status": "Verified",
      "entity": "FBS Markets Inc.",
      "regulator": "Belize Financial Services Commission",
      "finding": "Live LicenSys public search matches FBS MARKETS INC., 4077102, status Active, fbs.com, categories Trading in Securities as Agent and Trading in Securities as Principal. Exact Belize entity verified; not a blanket global distribution permission.",
      "scope": "September 2026 privacy policy identifies FBS Markets Inc. as company/controller for fbs.com and FBS App; regulator lists fbs.com. No residence-specific signup agreement inspected.",
      "sources": [
        "fbs-reg-1",
        "fbs-reg-2",
        "fbs-reg-3",
        "fbs-reg-4"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://fbs.com/trade/demo-trading-account",
      "sourceUrl": "https://fbs.com/trade/demo-trading-account",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "FBS Markets Inc., Belize; existing MT4, MT5 and web records retained; other FBS-related entities excluded.",
      "tested": false,
      "role": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The legal index did not expose a readable current FBS Markets Inc. agreement. Indexed agreements naming Parallax, Mitsui or Tradestone were excluded from the Belize capacity conclusion.",
        "sources": [
          "ex-a-fbs-legal"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "No entity-matched Belize execution-policy evidence established the arrangement.",
        "sources": [
          "ex-a-fbs-legal"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The general demo page advertises real-time market data and virtual funds; these claims do not establish live execution equivalence. The FBS app description is not treated as proof for the existing web record.",
        "sources": [
          "ex-a-fbs-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Reviewed; all execution fields remain Requires Verification after the source checks recorded below.",
        "remainingChecks": [
          "Recover the current FBS Markets Inc. Belize client agreement and order-execution policy.",
          "Confirm the exact web demo platform and obtain separate MT4/MT5/web execution, slippage, rejected-order, charge and margin limitations."
        ]
      }
    },
    "markets": {
      "scope": "FBS Markets Inc. · Belize · MetaTrader 5. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-a-fbs-demo": {
      "title": "FBS demo trading account",
      "url": "https://fbs.com/trade/demo-trading-account",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Is demo trading the same as a real account?; MT4/MT5/FBS app sections.",
      "access": "Official page/PDF text read through web retrieval on 2026-10-13."
    },
    "ex-a-fbs-legal": {
      "title": "FBS legal documents",
      "url": "https://fbs.com/legal-documents",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Client-agreement documents area.",
      "access": "Official page read but dynamic agreement download targets and entity-specific contractual-capacity clause were not exposed. Normal HTTP GET returned 403. Other indexed PDFs named Parallax/Mitsui/Tradestone and were excluded."
    },
    "fbs-2": {
      "title": "FBS demo account",
      "url": "https://fbs.com/trade/demo-trading-account",
      "owner": "Broker",
      "evidence": "MT4/MT5/FBS App, no deposit, adjustable virtual amount up to $10,000 initially; active while regularly used.",
      "access_note": "Direct page read 2026-10-12."
    },
    "fbs-3": {
      "title": "FBS — My account was archived",
      "url": "https://fbs.helpcenter.io/en/content/my-account-was-archived",
      "owner": "Broker",
      "evidence": "MT4 demo validity 40 days; terminal-created MT4 demo 25 days; MT5 archive/delete at company discretion. Conflicts with product page's less specific regular-use wording.",
      "access_note": "Direct current English help article read; followed language link from redirected legacy article."
    },
    "fbs-4": {
      "title": "FBS privacy policy",
      "url": "https://fbs.com/legal-documents/privacy-policy",
      "owner": "Broker",
      "evidence": "September 2026 revision names FBS Markets Inc., Belize company 000001317, as company/controller for fbs.com and FBS App.",
      "access_note": "Direct current policy read. General KYC discussion does not establish demo-specific requirements."
    },
    "fbs-reg-1": {
      "title": "Belize FSC LicenSys public search — FBS",
      "url": "https://licensys.belizefsc.org.bz/#/publicSearch?__meta__formId=6928049e24c807681185b908&Page=1&PageSize=10&SortBy=RegistrationObjectInfo.InitialRegistrationDate%20desc&IsCurrent=true&RegistrationObjectInfo.RegistrationObjectNumber=&RegistrationObjectInfo.RegistrationObjectStatusId=&LicenseeInfo.GeneralLicenseeName=FBS&AppoInfo.Appo.NameUnited=",
      "owner": "Regulator",
      "evidence": "One result: FBS MARKETS INC.; 4077102; Active; agent/principal securities categories; fbs.com.",
      "access_note": "Live public browser filter/result read 2026-10-12; registry home initially redirected to login, public Licensed/Registered Service Providers link worked without login."
    },
    "fbs-reg-2": {
      "title": "FBS demo account",
      "url": "https://fbs.com/trade/demo-trading-account",
      "owner": "Broker",
      "evidence": "MT4/MT5/FBS App, no deposit, adjustable virtual amount up to $10,000 initially; active while regularly used.",
      "access_note": "Direct page read 2026-10-12."
    },
    "fbs-reg-3": {
      "title": "FBS — My account was archived",
      "url": "https://fbs.helpcenter.io/en/content/my-account-was-archived",
      "owner": "Broker",
      "evidence": "MT4 demo validity 40 days; terminal-created MT4 demo 25 days; MT5 archive/delete at company discretion. Conflicts with product page's less specific regular-use wording.",
      "access_note": "Direct current English help article read; followed language link from redirected legacy article."
    },
    "fbs-reg-4": {
      "title": "FBS privacy policy",
      "url": "https://fbs.com/legal-documents/privacy-policy",
      "owner": "Broker",
      "evidence": "September 2026 revision names FBS Markets Inc., Belize company 000001317, as company/controller for fbs.com and FBS App.",
      "access_note": "Direct current policy read. General KYC discussion does not establish demo-specific requirements."
    }
  }
}