FBS has shown concern for over 5,000 underprivileged communities in seven developing countries by donating over $62,000 through charity organizations.
Since its founding in 2009, FBS has grown as a top FX liquidity provider in 150 countries, serving 23 million traders and receiving 70 international awards. However, FBS's commitment is not limited to the business. The brokerage has recently allocated more than $62,000 to seven charitable organizations in developing countries as a form of social responsibility.
This multi-asset broker collects these funds during Ramadan 2023 to help 5,000 underprivileged people in Malaysia, Indonesia, Nigeria, Egypt, Turkey, Pakistan, and Yemen.
"In line with the United Nations' Sustainable Development Goals (SDGs), FBS aims to contribute to building a more prosperous and just society," commented Director of Strategic Marketing at FBS, Ksenia Molodkina. "Since 2014, FBS has actively participated in charity work during Ramadan, raising around $1.3 million to be donated to more than 30 organizations in Southeast Asia, Africa, and the Middle East, making a positive impact in the lives of thousands of people."
This program allows traders to make charitable donations and help those in need during this sacred time of year. During Ramadan 2023, more than 29,000 traders from 17 countries participated in the charity FBS Trade and Aid.
With this charity activity, FBS has allocated funds evenly through 7 charitable organizations. For example, the Malaysian branch of MyCare Foundation used FBS donations to build freshwater fish farms, enabling local communities to generate sustainable income. It helps improve the welfare of low-income people in the Bandar Tasik Selatan district of Kuala Lumpur.