76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.
FBS Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €10
- MetaTrader4
- MetaTrader5
- FBS Trader
- CySEC
- 2009
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €10
- MetaTrader4
- MetaTrader5
- FBS Trader
- CySEC
- 2009
Our Evaluation of FBS
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FBS is one of the top brokers in the financial market with the TU Overall Score of 8.98 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FBS clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
Brief Look at FBS
FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. In addition to classic currency pairs, the company's clients can trade indices, futures contracts, exotic currencies, and metals. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
- negative balance protection;
- a large selection of trading instruments;
- the support service works 24/7.
- no cryptocurrency;
- auto copying is not available;
- no PAMM accounts;
- not suitable for short-term trading, such as scalping;
- the support service works in a limited number of languages;
- only two real accounts.
TU Expert Advice
Financial expert and analyst at Traders Union
The FBS broker fulfills its obligations as a partner to Traders Union and is recognized by the members of the Union as a company that offers clients optimal trading conditions.
The FBS brokerage company provides traders with several trading accounts to choose from: a free demo account and several types of real accounts with different conditions. This allows its clients to choose the best option based on the trading strategy and financial instrument, as well as individual requirements. The broker provides all traders with negative balance protection.
Considering all this, we can say that the FBS broker is suitable for both novice traders and professionals of foreign exchange trading. It should be noted that the company's support service works around the clock, 7 days a week, and you don't have to wait long for an answer. The broker's website is simple, you can understand it intuitively.
- You value the flexibility to deposit and withdraw funds through a wide range of methods. FBS currently supports over 200 options for deposit and withdrawal, including bank transfers, credit and debit cards, cryptocurrency wallets, and various online payment systems.
- You wish to thoroughly explore the trading platform. To facilitate this, FBS provides multiple avenues for traders. Firstly, you can open a free demo account. Additionally, they offer a cent account where you can start trading with a deposit of just $5, enjoying fee-free trading with leverage up to 1:1000.
- Your interest lies in passive income opportunities. FBS does not offer copy trading or joint accounts. While the company does have a partnership program, it may not be as financially rewarding as those of its competitors, and the income generated is not passive.
We checked the office of the FBS brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office
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FBS Summary
Your capital is at risk. 76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider. ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4, MetaTrader 5, FBS Trader |
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📊 Accounts: | Standard account, cent account, demo standard account, demo cent |
💰 Account currency: | EUR |
💵 Replenishment / Withdrawal: | Cards: Visa, MasterCard; e-wallets: Skrill, Neteller, Wire Transfer, Rapid Transfer |
🚀 Minimum deposit: | €10 |
⚖️ Leverage: | 1:3000 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lots |
💱 Spread: | From 1 pip |
🔧 Instruments: | Forex, indices, metals, futures contracts |
💹 Margin Call / Stop Out: | 40% / 20% |
🏛 Liquidity provider: | Currenex |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution |
⭐ Trading features: | Advisors; Hedging; Protection against a gap. |
🎁 Contests and bonuses: | Yes |
The FBS brokerage company offers very attractive trading conditions for traders living all over the world. The minimum trade volume is 0.01 lot for all trading accounts. The minimum deposit is EUR 10 and the spread is 1 pip. Traders can connect an Islamic account option to all live accounts, allowing them to trade according to Sharia law. Popular and exotic currency pairs, indices, futures, and metals are offered as trading instruments.
FBS Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Good company
no
Available demo account and comfortable leverage.
Not noticed so far.
Good company!
No
Trading Account Opening
To make it easier for you to start cooperation with the FBS broker, Traders Union suggests that you note the following information:
You can enter your FBS personal account from the main page of the company's website. To do this, click "Log in".
To log in, you need to enter your email address and password. You can also go through authorization using your Google or Facebook account.
If you have not opened an account yet, click on "Open Account" and go through the registration procedure. Indicate the country of residence and enter all the requested data in the appropriate fields. You will also need to go through verification of your personal information such as your passport data, etc.
After you register or log in, your personal account will become available. There you can replenish your account, download, and launch a trading platform convenient for you.
In your personal account, you can choose a financial instrument, replenish a deposit and withdraw funds. There you can also apply for a bonus that doubles the deposit amount.
Your personal account will also contain:
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up-to-date analytics and quotes;
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statistics on the effectiveness and profitability of affiliate programs;
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useful information about the foreign exchange market, video tutorials, and webinar schedules;
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service window for professional advice.
Regulation and Safety
FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC). This means that the FBS broker carries out financial activities following the regulations and the requirements of the regulator. Thanks to this, the rights and obligations of clients and the company are clearly defined and this guarantees the safety of traders' funds.
Advantages
- Client deposits are not available for use by the broker because they are kept separate from the company's funds
- Negative balance protection
- Dispute resolution is carried out with the involvement of an independent agent
- Insurance: since the broker is a member of the Investor Compensation Fund, in the event of bankruptcy of the broker and inability to fulfill its obligations, its clients are compensated
Disadvantages
- Regulators do not consider claims of private traders trading small amounts
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
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Standard | From $1.7 | No |
Cent | From $1.3 | No |
We have also analyzed and compared FBS trading fees with its competitors. Based on the results obtained, each brokerage company was assigned an appropriate level: low, medium, or high.
Broker | Average commission | Level |
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|
$1.5 | |
|
$1 | |
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$8.5 |
Account Types
FBS offers its clients several types of accounts from which to choose. The euro is used as the currency for replenishment. The company provides an opportunity to open a demo account that replicates real market conditions. This makes it possible to test your strategies without risking any or very much capital.
Account types:
For trading, FBS provides both MT4 and MT5 trading platforms for computers, and a mobile terminal. There is also a web version of these trading terminals and a proprietary trading platform called FBS Trader for mobile devices.
FBS - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Deposit and Withdrawal
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The trader can withdraw funds to Visa and MasterCard bank cards.
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Withdrawals to electronic wallets, Skrill, Neteller, wire transfer, and Rapid Transfer are available.
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Withdrawals are made in euros.
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The broker does not charge a commission, but the commission can be withdrawn by the bank/electronic payment system.
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The maximum processing time for a withdrawal request by a brokerage company is 48 hours.
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The processing time of the application by the bank may take 5-7 working days.
Investment Programs, Available Markets and Products of the Broker
FBS is the right company for those traders who prefer to trade manually and use expert advisors. However, the broker does not offer passive investment options other than trading robots. The company does not provide for the possibility of investing in PAMM accounts or automatic copying of trading operations of experienced traders.
However, the lack of investment programs is more than offset by the abundance of trading instruments. Thus, FBS clients can trade currency pairs, including exotic currencies, trade indices, metals, and CFDs. In addition, the brokerage company offers quite lucrative affiliate programs. With their help, traders, as well as SEO specialists and influencers can easily generate additional income. There is also a program for novice businessmen.
FBS’s affiliate program
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Cooperation. This is a classic affiliate program that provides a reward for each attracted client. The amount of income from the affiliate program depends on the amount that the attracted client has deposited. There is also an option to receive a percentage of trades. FBS provides partners with convenient tools, including traffic analysis and promotional materials.
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CPA. This program is suitable for bloggers, SEO specialists, and marketers. By placing the broker's banners and advertising on its website page on a social network or YouTube channel, the affiliate earns income. Profit, as in the previous case, depends on the amount of the attracted client's deposit. FBS provides the affiliate with marketing tools for promotion and also allows consulting with a personal manager.
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Introducing Broker (IB). In this case, the affiliate opens a branch of the brokerage company and manages the business processes. The amount of income depends on individual conditions. The broker provides developmental support.
The terms of affiliate programs offered by the brokerage company allow you to choose the best option and form your own referral system, from which you can provide yourself a stable income.
Additional Trading Tools
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Economic Calendar.
Economic Calendar is one of the essential tools for a trader, allowing you to familiarize yourself with current and upcoming critical financial events and analyze past events and their impact on the dynamics of the financial market as a whole and on specific trading instruments. The economic Calendar lists critical events that may affect the currency and stock markets. On the instrument page, each trader can select the time zone, date, and type of trading instrument he is interested in. The implemented filters allow you to obtain the most targeted information about the asset of interest to the trader.
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Trader's calculator.
Using the Trader's calculator tool, you can calculate a given asset's main current trading parameters. The calculator lets you obtain data for retail and professional trading for any type of account available in the FBS company. By setting the necessary parameters for the trading instrument of interest in the Trader's calculator, trader will receive information about the required margin level, spread size, trading volume, the presence and value of a swap, and other trading indicators of the transaction.
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Currency converter.
A currency converter allows a trader to study the current exchange rate of the currencies he is interested in and calculate his income when working with the selected currency pair. To do this, on the instrument page, you need to select the desired currencies and indicate the quantitative value of the base currency. The tool will provide the current exchange rate of the selected currencies against each other. It will also demonstrate the dynamics of the movement of this currency pair over the previous 30 days.
Customer Support
The company's support service is ready to answer questions and advise traders 24 hours a day, 7 days a week.
Advantages
- Many options for communication
- Multilingual support: English, French, German, Italian, and Portuguese are available
- The site has a section with answers to the most popular questions (FAQs)
- You can contact support 24/7
- Support respond quickly
Disadvantages
- To communicate in the online chat, you must enter your email address
Available communication channels with customer support specialists include:
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directly via phone numbers indicated on the website;
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by email;
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in the online chat on the website of the brokerage company;
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in Facebook messenger.
Support is available from the FBS website and from your personal account.
Contacts
Foundation date | 2009 |
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Registration address | Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus |
Regulation |
CySEC
Licence number: IFSC/000102/124 |
Official site | fbs.com |
Contacts |
Education
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money. The next step is to open a cent account which will allow you to trade in the real market, but with lower risks than on a standard account.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
Comparison of FBS with other Brokers
FBS | RoboForex | Pocket Option | Exness | FreshForex | 4XC | |
Trading platform |
MT4, MobileTrading | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT5, MT4, WebTrader |
Min deposit | $1 | $10 | $5 | $10 | No | $50 |
Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.2 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0 points |
Level of margin call / stop out |
40% / 20% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 50% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
No deposit bonus | $5 | No | No | No | $30 | $50 |
Cent accounts | Yes | Yes | No | No | Yes | No |
Detailed Review of FBS
FBS provides services in the Forex market globally. The company has been operating for a little over 10 years. The broker takes a responsible approach to performing the tasks assigned to it. FBS offers its trading clients optimal working conditions and popular financial instruments. The company is characterized by convenient trading terminals, including a mobile version of its own platform, and frequent innovations.
Because the regulator of FBS is the Cyprus Securities and Exchange Commission (CySEC), there is a guarantee of transparency and safety of the trader's funds.
FBS is the right broker for beginners and professional traders
FBS combines functionality, unique trading tools, and productivity. It also provides high-quality training materials that allow novice traders to quickly get used to trading in the foreign exchange market, as well as in the markets of stock indices and futures contracts. You can choose a demo account for training. It is free because trading is done with virtual funds. For those who want to try trading on the real market, but are not yet ready to risk even a hundred euros, you can choose a cent (micro) account. On it, the minimum deposit is 10 euros.
The brokerage company is suitable for traders trading a wide variety of strategies. So, there is the possibility of trading robots, and you can make money on the news. The broker is also suitable for calm intraday trading, medium-term and long-term strategies. Orders are executed quickly and spreads are relatively low. In addition, it is possible to connect the swap-free account option. This will allow trading following Sharia law.
Traders cooperating with FBS trade through popular platforms such as MetaTrader 4 and MetaTrader 5. Both desktop versions for Windows and MAC are available, as well as mobile versions for devices running Android and iOS. Web versions of terminals are also available. In addition, a trader can choose FBS’s proprietary mobile platform. For now, owners of gadgets on Android can trade on it and a version for iOS is expected soon.
Analytical services of the FBS broker:
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Forex News, Forex TV, and an economic calendar to track events that affect the volatility of trading instruments;
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daily analytics are available to track fundamental and technical analysis of the market;
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Forex calculators and currency converter is for comfortable trading and you can calculate how much money is needed, what is the expected spread, etc.
Advantages:
good liquidity;
the availability of a regulator;
quotes using 5 points after the decimal point;
good trading conditions: two types of real accounts, as well as two options for demo trading accounts, relatively low spreads starting from 1 pip;
a good set of financial instruments: you can trade currencies, contracts for differences, and metals;
plenty of materials for training - allows a beginner to quickly master the principles of Forex trading;
protection against a gap (negative balance) - will prevent the loss of the deposit;
you can trade robots - it makes it possible to conduct automated trading;
hedging is allowed - allows you to reduce risks.
User Satisfaction