FBS Review

 

Overall, FBS is a trustworthy and highly regulated Forex Broker with a low minimum deposit requirement. FBS offers access to a comprehensive selection of over 240 trading assets and has a trust score of 75 out of 99.

 

🛡️Regulated and trusted by FSC, CySEC, and, ASIC.
🛡️2408 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

 

🔎 Broker	🥇 FBS
📅Year Founded	2009
🧑🏻‍💻Amount of staff	243
👩‍💻Amount of active traders	Over 27 Million
🌐Publicly Traded	None
🛡️Regulation	FSC, CySEC, ASIC
🌎Country of regulation	Cyprus (CySEC), Belize (FSC), Australia (ASIC)
💻Account Segregation	✅Yes
🪫Negative balance protection	✅Yes
🔋Investor Protection Schemes	✅Yes
➕Accounts	Standard Account Cent Account
💳Institutional Accounts	✅Yes
👨‍💼Managed Accounts	✅Yes
📇Minor account currencies	USD, EUR
💰Minimum Deposit	5 USD
🕞Deposit/withdrawal processing	1-3 business days
🪙Fund Withdrawal Fee	Free, but may depend on payment method
📊Spreads from	0.7 pips
💸Commissions	None
💱Number of base currencies	Over 72
🚀Swap Fees	Overnight financing fees apply
📈Leverage	Up to 1:3000
📏Margin requirements	50%
☪️Islamic account (swap-free)	✅Yes
💻Demo Account	✅Yes
⌛Order Execution	Typically within milliseconds
📆VPS Hosting	Yes, for eligible clients
🧾CFDs-Total Offered	Over 650+
🗠CFD Stock Indices	✅Yes
⚖️CFD Commodities	✅Yes
📜CFD Shares	✅Yes
💳Deposit Options	Credit/debit cards, bank transfers, electronic wallets.
💵Withdrawal Options	Must be sent via the same payment method used for deposit
💻Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5)
👩‍💻OS Compatibility	Windows, macOS, Android, iOS, Web
🖥️Forex trading tools	✅Yes
🗣️Live chat availability	✅Yes
📱Customer Support email	support@fbs.com
📞Customer Support Contact	+357 22 010970
👾Social media Platforms	Facebook, Twitter, Instagram
🗣️Languages supported	14 Languages
🖺Forex course	✅Yes
🧏‍♀️Webinars	✅Yes
📚Educational Resources	✅Yes
🪪Affiliate program	✅Yes
👨‍🏫Amount of partners	700 000
📋IB Program	✅Yes
🪙Rebate program	✅Yes
🚀Open an Account	👉 Click Here

 

Overview

FBS is an established forex broker founded in 2009. Since then, it has provided trading services to over 27 million active users and operates with a dedicated team of 243 staff. Moreover, FBS is regulated by respected authorities in Cyprus (CySEC), Belize (FSC), and Australia (ASIC), ensuring compliance and trustworthiness.

Known for its commitment to security and transparency, FBS offers a variety of accounts and trading instruments, including CFDs on stocks, commodities, and indices. In addition, the broker supports multiple payment methods, provides educational resources, and offers a comprehensive suite of trading platforms. As a result, FBS aims to deliver a reliable and user-friendly trading experience to its global client base.

 

Frequently Asked Questions

 

What year was FBS founded?

FBS was founded in 2009.

 

How many active traders does FBS have?

FBS has over 27 million active traders.

 

Is FBS publicly traded?

No, FBS is not publicly traded.

 

Where is FBS regulated?

FBS is regulated in Cyprus (CySEC), Belize (FSC), and Australia (ASIC).

 

Our Insights

FBS is a well-established and regulated forex broker, making it a trustworthy choice for traders. With its wide range of account options, extensive educational resources, and top-tier regulation in Cyprus, Belize, and Australia, FBS provides a secure and supportive environment for both novice and experienced traders.

Additionally, the broker’s favorable leverage options and variety of deposit and withdrawal methods further enhance its appeal, making it an attractive choice for global traders. As a result, FBS offers a comprehensive and reliable trading experience for traders worldwide.

 

 

Detailed Summary

 

🔎 Broker	🥇 FBS
📅Year Founded	2009
🧑🏻‍💻Amount of staff	243
👩‍💻Amount of active traders	Over 27 Million
🌐Publicly Traded	None
🛡️Regulation	FSC, CySEC, ASIC
🌎Country of regulation	Cyprus (CySEC), Belize (FSC), Australia (ASIC)
💻Account Segregation	✅Yes
🪫Negative balance protection	✅Yes
🔋Investor Protection Schemes	✅Yes
➕Accounts	Standard Account Cent Account
💳Institutional Accounts	✅Yes
👨‍💼Managed Accounts	✅Yes
📇Minor account currencies	USD, EUR
💰Minimum Deposit	5 USD
🕞Deposit/withdrawal processing	1-3 business days
🪙Fund Withdrawal Fee	Free, but may depend on payment method
📊Spreads from	0.7 pips
💸Commissions	None
💱Number of base currencies	Over 72
🚀Swap Fees	Overnight financing fees apply
📈Leverage	Up to 1:3000
📏Margin requirements	50%
☪️Islamic account (swap-free)	✅Yes
💻Demo Account	✅Yes
⌛Order Execution	Typically within milliseconds
📆VPS Hosting	Yes, for eligible clients
🧾CFDs-Total Offered	Over 650+
🗠CFD Stock Indices	✅Yes
⚖️CFD Commodities	✅Yes
📜CFD Shares	✅Yes
💳Deposit Options	Credit/debit cards, bank transfers, electronic wallets.
💵Withdrawal Options	Must be sent via the same payment method used for deposit
💻Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5)
👩‍💻OS Compatibility	Windows, macOS, Android, iOS, Web
🖥️Forex trading tools	✅Yes
🗣️Live chat availability	✅Yes
📱Customer Support email	support@fbs.com
📞Customer Support Contact	+357 22 010970
👾Social media Platforms	Facebook, Twitter, Instagram
🗣️Languages supported	14 Languages
🖺Forex course	✅Yes
🧏‍♀️Webinars	✅Yes
📚Educational Resources	✅Yes
🪪Affiliate program	✅Yes
👨‍🏫Amount of partners	700 000
📋IB Program	✅Yes
🪙Rebate program	✅Yes
🚀Open an Account	👉 Click Here

 

Frequently Asked Questions

 

Does FBS provide account segregation?

Yes, FBS provides account segregation.

 

Is there negative balance protection?

Yes, FBS offers negative balance protection.

 

Does FBS offer investor protection schemes?

Yes, investor protection schemes are available with FBS.

 

What types of accounts does FBS offer?

FBS offers Standard and Cent accounts.

 

Our Insights

FBS is a reliable and well-regulated forex broker, offering a wide range of accounts, competitive spreads, and high-leverage options. With strong educational resources, secure trading platforms, and a global presence, it provides a solid foundation for both beginners and experienced traders.

Its commitment to customer support and transparent practices make FBS a trustworthy choice in the forex market.

 

 

Safety and Security

FBS prioritizes the safety and security of its clients, operating under the regulation of the Financial Services Commission (FSC) in Belize. This regulatory oversight ensures that FBS adheres to international standards for transparency, fairness, and client protection. With a focus on combating money laundering and terrorist financing, the FSC license helps safeguard traders’ interests.

Additionally, FBS offers features like account segregation, negative balance protection, and robust risk management tools, ensuring that traders can trade with confidence in a secure environment. These safety measures are complemented by FBS’s commitment to transparency and consistency in regulatory processes.

 

Frequently Asked Questions

 

Is FBS regulated?

Yes, FBS is regulated by the Financial Services Commission (FSC) of Belize, ensuring adherence to international standards of safety and transparency.

 

What protective features does FBS offer?

FBS offers account segregation, negative balance protection, and investor protection schemes to ensure the safety of traders’ funds.

 

How does FBS combat financial crimes?

FBS, under the FSC’s regulation, actively combats money laundering and terrorist financing by following strict legal processes and maintaining transparency in operations.

 

Is FBS’s regulatory environment transparent?

Yes, the FSC (Belize) simplifies legal processes, maintains documentation in English, and follows international standards, ensuring transparency and consistency in regulation.

 

Our Insights

FBS places a strong emphasis on the safety and security of its traders. Regulated by the FSC of Belize, the broker adheres to international regulatory standards and provides essential protection features like account segregation and negative balance protection.

 

 

Minimum Deposit and Account Types

FBS offers a flexible range of account types, including Cent, Standard, and Demo accounts, designed to cater to traders with different levels of experience. The minimum deposit required to open a live trading account starts at just USD 5, making it highly accessible for beginners.

While the Cent Account requires a minimum of USD 10 and is ideal for those new to trading, the Standard Account, which starts at USD 100, is more suited for experienced traders.

FBS also offers higher leverage options up to 1:500 for those using Leverage Pro conditions.

 

Frequently Asked Questions

 

What is the minimum deposit required to open a Retail Account?

The minimum deposit for a Retail Account is just USD 5, making it accessible for beginners to start trading.

 

Does FBS offer accounts with no minimum deposit?

No, FBS requires a minimum deposit to open any type of trading account.

 

Can I start trading with a low initial deposit at FBS?

Yes, FBS allows you to start trading with a low initial deposit, starting from just USD 5.

 

Are there limitations when trading with a 5 USD deposit?

Yes, trading with a 5 USD deposit may limit your ability to open larger positions or manage risk effectively due to the small account balance.

 

Our Insights

FBS offers a variety of account types to suit different trading needs, including Cent, Standard, and Demo accounts. The minimum deposit requirements are very affordable, with retail accounts starting at just USD 5. While this low deposit option is perfect for beginners, traders should be mindful of the risks and limitations that come with such a small initial balance.

 

 

How To Open an Account

 

Start the Application Begin the account registration process by clicking the “Open Account” button at the top right corner of the FBS homepage.

 

Register Complete the registration form with the necessary details, or sign up using your Facebook, Google, or Apple account.

 

Access the FBS Trader Area Once registration is complete, you’ll be redirected to the Trader Area. Click “Proceed,” and an email confirmation link will be sent to you. Be sure to open the link in the same browser as your Area. After confirming, you can proceed to open your first trading account.

 

Step 4: Make Your Selections Choose your preferred trading platform, account currency, and leverage. Once you’ve made your selections, click “Open Account” to finalize the setup.

 

Step 5: Confirmation Congratulations! Your registration is complete. You can now choose to deposit funds or continue to the client area.

 

 

Trading Platforms and Software

FBS offers three reliable trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the FBS App. MT4 remains a favorite for traditional Forex traders due to its advanced charting tools and automated trading capabilities.

MT5, on the other hand, is a more advanced platform that includes additional features such as more timeframes, technical indicators, and an economic calendar.

Both platforms support automated trading through Expert Advisors (EAs), and the FBS App provides on-the-go trading for iOS and Android users, ensuring a versatile and convenient trading experience.

 

Frequently Asked Questions

 

Can I use automated trading robots with the MetaTrader platforms?

Yes, both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) support automated trading robots (EAs) for algorithmic trading.

 

Can I use a mobile trading app with FBS?

Yes, FBS provides mobile apps for both iOS and Android devices, compatible with MT4 and MT5.

 

What is MetaTrader 4?

MetaTrader 4 (MT4) is a popular trading platform for Forex and other financial instruments, offering advanced charting tools, technical analysis, and automated trading.

 

What is MetaTrader 5?

MetaTrader 5 (MT5) is an advanced platform for trading Forex, stocks, commodities, and more. It provides enhanced charting, more technical indicators, and additional trading features compared to MT4.

 

Our Insights

FBS offers robust and flexible trading platforms that cater to a wide range of trader needs. MetaTrader 4 is ideal for Forex traders looking for a solid foundation with advanced charting and automated trading. MetaTrader 5 provides enhanced features, offering even more technical tools and indicators for traders who require more versatility.

Additionally, the FBS App offers convenient mobile trading, ensuring traders can manage their positions anywhere.

 

 

Which Markets can You trade with FBS?

The following trading instruments and products are made available:

 

• 36 Currency pairings
• 8 Precious metals
• 11 Global indexes
• 3 Commodities
• 125 Equities
• 5 Cryptocurrencies

 

Traders may participate in cryptocurrency trading with leverage of up to 1:33, weighing the potential for big rewards against the hazards connected with these digital assets.

 

Frequently Asked Questions

 

How many currency pairs can I trade at FBS?

FBS offers 36 different currency pairs for trading, providing a wide range of options for Forex traders.

 

What precious metals are available for trading at FBS?

FBS provides access to 8 precious metals, giving traders a variety of options for diversification and hedging.

 

Can I trade cryptocurrencies at FBS?

Yes, FBS offers trading in 5 cryptocurrencies, with leverage of up to 1:33, allowing traders to capitalize on the volatile digital asset market.

 

What types of global indices and commodities can I trade at FBS?

FBS provides 11 global indices and 3 commodities, giving traders the opportunity to invest in major markets and assets like stocks and raw materials.

 

Our Insights

FBS offers a diverse array of trading instruments, including 36 currency pairs, 8 precious metals, 11 global indices, 3 commodities, 125 equities, and 5 cryptocurrencies. This wide range of options ensures that traders can diversify their portfolios and access global markets.

Additionally, FBS’s provision of cryptocurrency trading with leverage up to 1:33 presents both opportunities and risks, making it ideal for traders looking to take advantage of digital asset volatility.

 

 

Fees, Spreads, and Commissions

FBS offers competitive trading conditions with no commissions on Forex, indices, commodities, and cryptocurrencies, across both Cent and Standard Accounts. For Forex, spreads start from 0.7 pips for the Standard Account, while indices have spread from 1.0 to 1.5 pips.

Stocks have variable commissions for the Standard Account and spreads range from 1.0 to 1.5 pips. Cryptocurrencies come with spreads between 0.5% to 1.0%, and commodities are offered with spreads from 1.5 to 2.0 pips. These flexible conditions help traders choose the right account type for their trading style and needs.

 

Frequently Asked Questions

 

What are the spreads for Forex trading at FBS?

Forex spreads at FBS start from 0.7 pips for the Standard Account and from 1.0 pips for the Cent Account.

 

Are there commissions on Forex, indices, and commodities?

No, FBS does not charge commissions on Forex, indices, or commodities. However, there are variable commissions on stocks in the Standard Account.

 

What is the spread of cryptocurrency trading?

Cryptocurrency spreads at FBS range from 0.5% to 1.0%, with no commissions applied.

 

Do the spreads differ for the Cent and Standard Accounts?

Yes, spreads are generally wider for the Cent Account. For example, Forex spreads start at 1.0 pips in the Cent Account and 0.7 pips in the Standard Account.

 

Our Insights

FBS offers a transparent and competitive pricing structure, with tight spreads starting from 0.7 pips for Forex trading. The lack of commissions on most asset classes, except for stocks in the Standard Account, makes FBS an appealing choice for traders looking to minimize costs.

While the Cent Account features slightly wider spreads, it is still an excellent option for beginners due to its low deposit requirement and commission-free structure.

 

 

Leverage and Margin

Leverage is an essential feature offered by FBS, enabling traders to control larger positions than their initial deposit would typically allow. With leverage, traders can amplify potential profits, even with smaller amounts. The margin, however, refers to the minimum collateral required to maintain an open leveraged position, which varies based on the deal size and leverage applied.

FBS offers leverage on Forex products ranging from 1:1 up to a significant 1:3000. This flexibility helps traders balance their trading opportunities and manage risk efficiently. Leverage can be adjusted at any time in the Personal Area, with automated adjustments to ensure optimal risk management.

 

Frequently Asked Questions

 

What is leverage in trading?

Leverage allows traders to control larger positions with a smaller initial investment. This increases the potential for significant profits but also amplifies risks.

 

How much leverage can I use at FBS?

FBS provides leverage for Forex trading from 1:1 up to an impressive 1:3000, depending on the asset being traded and the trader’s preference.

 

What is the margin in leveraged trading?

Margin is the minimum amount of collateral needed to maintain an open leveraged position. It depends on the deal size and the leverage applied to the financial instrument.

 

Can I change my leverage level at FBS?

Yes, you can adjust your leverage at any time via the Personal Area on FBS, giving you flexibility in managing your trading strategy and risk.

 

Our Insights

FBS offers highly flexible leverage options, ranging from 1:1 to a staggering 1:3000 for Forex products. This provides traders with the ability to control larger positions and maximize potential profits. The ability to adjust leverage at any time, along with automated leverage adjustments for optimal risk management, ensures that traders have both control and support.

 

 

Deposit and Withdrawal

FBS offers a secure and efficient system for managing both deposits and withdrawals, making it easy for traders to fund their accounts and access their earnings. After completing full account verification, users can enjoy unlimited transactions with no commission fees.

FBS supports various payment methods, such as Visa, Neteller, Skrill, SticPay, and Perfect Money, for both deposits and withdrawals. Deposits are processed instantly, while withdrawals typically take between 15-20 minutes, depending on the payment method.

This flexible system ensures a smooth transaction experience for traders globally.

 

Frequently Asked Questions

 

How can I withdraw cash from my FBS account?

Withdrawals can be made via bank transfer, credit/debit cards, e-wallets, and other payment methods. The processing time varies depending on the method chosen.

 

How long does it take to withdraw from FBS?

Withdrawals typically take 15 to 20 minutes for most payment methods, although the time may vary depending on the chosen method.

 

How can I deposit funds into my FBS account?

Deposits can be made through various payment options, including bank transfers, e-wallets like Neteller, Skrill, Perfect Money, and other digital wallets.

 

Are there any fees for deposits or withdrawals at FBS?

No, FBS does not charge any commissions or fees for deposits or withdrawals, making transactions cost-effective for traders.

 

Our Insights

FBS provides a fast, secure, and commission-free deposit and withdrawal system, which enhances the convenience for traders. With multiple payment methods available and instant deposit processing, users can easily fund their accounts. Withdrawal times are efficient, generally taking 15 to 20 minutes.

The ability to use a wide range of global payment methods with no associated fees makes FBS a strong choice for traders seeking flexibility and efficiency in their financial transactions.

 

 

Pros and Cons

 

✅ Pros	❌ Cons
FBS supports more than 100 payment mechanisms, allowing for flexible financial transfers	FBS no longer offers copy trading
FBS is extremely well-regulated globally and has several strict policies in place	FBS’s average Forex spreads may not be competitive in the market
FBS has received multiple industry awards	FBS charges deposit and withdrawal fees on some payment methods
FBS has low fees on stock and index CFDs, making it a popular choice for trading these products	Negative balance protection will not prevent traders from losing their invested funds
Experienced traders can take advantage of high leverage options, with up to 1:3000 for Forex	There is a limited range of tradable instruments compared to other brokers
Traders that trade seldom will benefit from the absence of an inactivity fee	FBS only offers one retail trading account

 

In Conclusion

FBS stands out as a versatile broker offering a comprehensive range of trading options, educational resources, and high-level security measures. Whether you’re a beginner or an experienced trader, FBS provides the tools and support needed for success in the world of online trading. With competitive spreads, no commissions, and extensive trading platforms, it remains a strong contender in the forex market.

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