FBS Broker Review
FBS is an online broker that offers access to forex market trading and other CFDs. In this guide, we’ll take a look at the broker’s regulation, leverage, spreads, minimum deposits, and more. So, if you are thinking of opening an account with FBS, this guide can be your go-to source.
FBS was formed in 2009 and is a brand name of FBS Markets Inc. The broker has a presence in more than 190 countries with 15 million traders and 410,000 partners.
According to the FBS website, 7,000 new accounts are opened every day, and FBS accepts and executes one withdrawal request every 20 seconds. Eighty percent of FBS clients remain loyal to the broker, and forty-eight percent mention FBS trading revenues as their primary source of income.
Fun fact: They are the official partner of FC Barcelona.
You can find our transparent FBS review below. Broker reviews are updated frequently!
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Pros / Cons
- Commission Free Trading
- ECN Accounts
- MetaTrader 4
- MetaTrader 5
- Limited Trading Instruments
- NO FSCA Regulation
Table of contents
FBS is owned by Tradestone Ltd in the EU and is regulated by the Cyprus Securities and Exchange Commission (CySEC). FBS Markets Inc. manages the global branch, governed by the International Financial Services Commission of Belize (IFSC).
Cyprus is a member of the European Union and provides an excellent blend of regulation and flexibility for multinational financial firms. Before obtaining the CySEC license, the firm provided its services through its Belize-registered subsidiary.
FBS offers a negative balance. A negative balance cover adds an extra layer of coverage, protecting traders from critical market changes and unpredictable price fluctuations.
FBS Markets Inc. is not available for users from the USA, Canada, the UK, Japan, Malaysia, Israel, and Iran.
FBS Tradeable products
FBS allows users to trade on 75 financial CFD instruments, including Forex, Indices, Energies, Metals, and Stocks.
You can access multiple trading assets like:
- Forex – 28 standard pairs and 16 exotics
- Metals – four precious metals (Gold, silver, copper, and aluminium)
- Energies – WTI and Brent crude oil
- Stocks (for global users only) – 40 company shares
- Indices – multiple indexes, including the NASDAQ
Unfortunately, trading on cryptocurrencies like Bitcoin is not accessible.
Trading fees like spreads, commissions, and overnight (swap) rates vary depending on the instrument being traded, and account type opened. We’ll cover these in detail later.
FBS Account types
FBS provides five trading accounts: Cent, Micro, Standard, Zero Spread, and ECN.
Each account has its specific conditions and benefits. For instance, the Cent, Micro, and Standard accounts have no commissions. These accounts provide fixed or floating spread options and minimum initial deposits ranging from $1 to $100.
The Zero Spread Accounts, as the name suggests, have a fixed spread of zero pips and leverage of 1:3000. You may also open an ECN account, which has a $1,000 minimum deposit, commissions of $6 per lot, floating spreads as low as one pip, and maximum leverage of 1:500.
You can open an account by clicking the Open Account button on the broker’s website. This will then direct you to a login page to enter your email address, full name and sign the Customer Agreement. You will then be able to choose their MetaTrader trading platform version, account currency (USD or EUR), and leverage. After that, you will have immediate access to login information and be directed to the FBS client portal area.
You can monitor trading accounts, update trading platforms, deposit and withdraw funds, and access various promotional offers through the client portal.
FBS protects the confidential information and privacy of its clients. Transport layer protection is often used to secure transactional information (TLS). For added security, the MetaTrader platforms support dual-factor authentication during the login process.
Average Standard Account Spreads on Majors
- EUR/USD: 1.1
- GBP/USD: 0.9
- USD/JPY: 1.0
- AUD/USD: 0.8
FBS Trading fees
FBS spreads differ depending on account form and location. The global firm provides a spread of 3.0 pips on its Micro account, 1.1 pips on its Standard and Cent accounts, and zero pips on its Zero and ECN accounts for EURUSD.
The same spread is 0.7 pips in the EU for both the Standard and Cent accounts. We were pleased to find competitive spreads with the Zero and ECN accounts during our study.
On the Zero Spread account, the global branch charges a fixed rate commission of $20 per lot and $6 on the ECN account. It also has a $3 stock exchange fee and a $25 CFD trading fee.
For transactions that have taken advantage of price lag, FBS charges an overnight rollover fee (swap-free is available) and a cancellation fee of €5. Accounts that have been inactive for 180 days are charged a €5 monthly fee.
The maximum leverage available varies according to account type and region. In Europe, the broker offers leverage of up to 1:30 on Standard and Cent account types. To clients other than EU, it provides up to 1:1000 on the Cent account, 1:500 on the ECN account, and 1:3000 on other account types.
FBS has a margin call of 40% or less, after which it has the right to close a client’s position.
FBS provides a wide range of trading platforms suitable for both novice and experienced traders, allowing them to trade through various asset classes. It provides trading platforms MT4 and MT5. FBS also allows you to trade on the MetaTrader 4 and MetaTrader 5 Web Trader platforms. There is no need for a download, and you can trade on several asset classes with one-click trading options.
FBS provides mobile trading access through the MT4, MT5, and FBS Trader mobile trading applications for both Android and iOS systems. The download links for the apps can be found on the broker’s website, in the client portal section, or the Google PlayStore or Apple AppStore.
Deposits and withdrawals
The minimum deposit at FBS varies according to account type and trading region. The EU firm requires a €10 initial deposit on the Cent account and a €100 deposit on the Standard account. For the Cent, Micro, Standard, Zero Spread, and ECN accounts, the global branch allows minimum deposits of $1, $5, $100, $500, and $1000.
Wire transfer (EU only), Visa, and electronic payment systems such as Skrill and Neteller are among the deposit and withdrawal methods available. Except for wire transfers, all deposits are immediate.
Withdrawals are subject to a commission. For instance, if withdrawing back to a Visa card, FBS will charge a $1 commission with processing taking up to 5-7 days. Withdrawals from Neteller incur a 2% commission with a $1 minimum and a $30 limit. Skrill withdrawals are subject to a 1% + $0.32 fee. Withdrawals made by e-wallets are usually processed within 48 hours.
You can use the CopyTrade app provided by FBS. This enables you to copy the trades of other traders. It also helps fund managers to share their trades with investors in exchange for a fixed 5% monetary bonus. You can manage this account directly from your client portal.
On its global website, FBS advertises a wide range of promotions and bonuses. For instance, the broker provides a $100 bonus with no deposit required. The broker credits clients with $100, which can be withheld if the client has 30 successful trading days with five lots traded. FBS also has a 100% deposit bonus, which doubles the amount of money available for trading and several contests.
FBS provides customer support 24 hours a day, five days a week in various languages, through a Call-back service, Live Chat, Facebook Messenger, Telegram, and Viber.
They also have a Support FAQ section that answers questions about Registration and Verification, Changing and Restoring Personal Information, Financial Operations, Trading Conditions, Trading Platform, and other topics.
Education and Research
FBS gives access to a variety of educational opportunities. Link to forex Guidebooks, forex Books, Trader Tips, Webinars, Video Lessons, Seminars, and a Glossary section are all included.
The Forex Guidebook is packed with educational content that covers both technical and fundamental analysis. This course is designed for new traders and is divided into four sections: beginner, elementary, intermediate, and experienced. This is possibly the most valuable feature offered by FBS to new traders, and it is the ideal starting point for those who are serious about learning how to trade. It is simple to navigate and bundled with examples, making it easy to understand.
FBS also offers a wide range of research resources, such as an Economic Calendar, Forex Calculator, Daily Market Analysis, and video lessons.
The Forex News section contains articles with the most up-to-date information on all asset classes, including commodities, currencies, and stocks, with a separate category for stocks. The Daily Market Analysis section contains trade signals and in-depth technical and fundamental analysis for currency and commodity markets.
IB affiliate program
FBS provides affiliate programs in order to promote to wider audiences. FBS splits a percentage of the revenue generated by an affiliate.
This service offers a Revenue Share of up to 15 USD for each traded lot referred by an affiliate.
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FBS South Africa
If you are from South Africa, you’ll be pleased to hear that FBS South Africa provides its full services for South African traders. So, if you want to open an account, you can do so without any hiccup.
According to our experience, FBS offers a straightforward trading platform ideal for both novice and experienced traders. The broker provides five different trading accounts that allow you to trade commission-free and commission-based with fixed or floating spreads on the MT4 and MT 5 trading platforms for Windows, Mac, Web, Android, and iOS.
Opening an account is straightforward and provides access to a wide range of funding options. The broker also offers additional trading features, such as the FBS CopyTrade app, which will appeal to new traders seeking to copy other traders and seasoned traders looking to find investors and be rewarded for their trades.
FBS Review Summary
FBS is a regulated broker in Cyprus with EU regulatory authority. You can trade with confidence, knowing that your funds are safe and that FBS comply with all regulatory requirements.
FBS provides an opportunity to all traders, regardless of the level of experience or investment size. The variety of account styles, platforms, advanced tools, and easy customer service make it all possible.
We value your feedback: Rate this broker by leaving a comment and rating below this review.
Thinking of Trading with FBS?
Is FBS regulated?
Yes, by Belize’s International Financial Services Commission (IFSC) and CySEC.
Where is FBS headquartered?
FBS’s headquarters are located at 2118 Guava Street, Belize Belama Phase 1, Belize.
How do I fund my FBS account?
Visa credit and debit cards, Neteller, Skrill, BitWallet, SticPay, and Perfect Money, can all be used to fund a trading account.
What is the minimum deposit amount for FBS?
The minimum deposit is one dollar.
How do I get my money out of FBS?
FBS accepts Visa credit and debit cards, Neteller, Skrill, SticPay, Perfect Money, and BitWallet for withdrawals.
What is the maximum leverage in FBS?
FBS provides a maximum leverage of 1:3000.
What is the minimum lot size provided by FBS?
FBS offers a minimum lot size of 0.01 lots.
How do I get started with FBS?
You can open an account with the click of a button on the FBS website in just a few simple steps.
Is MetaTrader used by FBS?
Yes, MetaTrader 4 and MetaTrader 5 are available.
Is there some incentive program at FBS?
FBS’s global branch provides 100% deposit bonuses, and promotions with no deposit are needed. The broker also provides trader competitions and a VPS service.
Is the FBS broker trading on the Nasdaq 100?
Yes, you can trade on the NASDAQ and three other major indices: the S&P 500, the Dax30, and the Dow Jones.
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Hein is a Forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best Forex Brokers in South Africa. Join him on his Journey!
Content Writer | Market Analyst
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