Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FBS Pros & Cons
- negative balance protection;
- a large selection of trading instruments;
- the support service works 24/7.
- 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.
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
TU Expert Verdict
FBS demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
FBS User Reviews
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5-star
19%
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4-star
18%
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3-star
55%
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2-star
5%
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1-star
2%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of FBS have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FBS with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FBS’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FBS Standard spreads FBS OANDA FOREX.com EUR/USD min, pips 0.7 0.1 0.7 EUR/USD max, pips 1.3 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 1.0 0.5 1.4 Does FBS support RAW/ECN accounts?
As we discovered, FBS does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FBS. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FBS Non-Trading Fees FBS OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FBS Safe?
We checked the FBS officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.2 /10FBS has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 17 years
- Strict requirements and extensive documentation to open an account
FBS Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1
FSC (Belize) Full Name Financial Services Commission of Belize Country of regulation Belize Investor Protection Fund No specific fund Regulation Level Tier-3 FBS Security Factors Foundation date 2009 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.2 /10FBS offers the following account options: Demo, Standard, Cent, Swap Free.
However, FBS does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Swap Free (Islamic) account
- Cent account for beginners
- Demo account
- No VIP account option
- Micro lots are not available
FBS account types vs top competitors FBS Plus500 Trading.com Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent YesNoNoMicro NoNoNoSwap Free YesNoNoVIP NoNoNoManaged NoNoNoFBS accounts trading conditions
FBS offers its clients one type of accounts. The US dollar 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:
Account Type Description Standard The minimum deposit for this type of account is $5.The spread is floating, starting from 0.7 pip. The minimum is 0.01 lot. The leverage is 1:3000. For trading, FBS provides both MT4, MT5 and FBS trading platforms for computers, and a mobile terminal. There is also a web version of these trading terminals.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10FBS received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FBS provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- No deposit fee
- Low minimum withdrawal requirement
- Only major base currencies available
- BTC payments not accepted
- BTC not available as a base account currency
What are FBS deposit and withdrawal options?
FBS provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
FBS Deposit and Withdrawal Methods vs Competitors FBS Plus500 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC NoNoNoWhat are FBS base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FBS supports the following base account currencies: USD, EUR.
What are FBS's minimum deposit and withdrawal amounts?
The minimum deposit on FBS is $5, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FBS’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10FBS provides a standard range of trading assets in line with the market average. The platform includes 600 assets in total and 74 Forex currency pairs.
- Crypto trading
- 600 assets for trading
- Indices trading
- Bonds not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FBS with its competitors, making it easier for you to find the perfect fit.
FBS Plus500 Trading.com Currency pairs 74 60 69 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 600 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesNoStock indices YesYesNoOptions NoYesNoInvestment options
We also explored the trading assets and products FBS offers for beginner traders and investors who prefer not to engage in active trading.
FBS Plus500 Trading.com Bonds NoNoNoETFs YesYesNoCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FBS by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with FBS in 15 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FBS is $5. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
FBS account opening FBS Plus500 Trading.com Online Registration YesYesYesMinimum deposit $5 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 15 20 KYC time (days) 1 3 2 Is FBS available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
Your personal account will also contain:
- up-to-date analytics and quotes;
- statistics on the effectiveness and profitability of affiliate programs;
- useful information about the foreign exchange market, video tutorials, and webinar schedules;
- service window for professional advice.
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Customer Support
Score:We evaluated Customer Support at FBS by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.6 /10FBS provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.
In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.
InformationThe company's support service is ready to answer questions and advise traders 24 hours a day, 7 days a week.
- 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
- To communicate in the online chat, you must enter your email address
Available communication channels with customer support specialists include:
- directly via phone numbers indicated on the website;
- by email;
- in the online chat on the website of the brokerage company;
- in Facebook messenger.
Support is available from the FBS website and from your personal account.
Contacts Foundation date 2009 Registration address Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus Regulation CySEC, FSC (Belize) Licence number:
331/17, 000102/31Official site www.fbs.com Contacts support@fbs.com
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FAQs
How do expert reviews describe FBS regulation and client fund protection?
FBS has a safety score of 9.2/10 in this review, which corresponds to a high security level, supported by Tier-1 regulation from the Cyprus Securities and Exchange Commission (CySEC) and an investor compensation fund of up to €20,000. The broker also offers negative balance protection and requires verification (KYC), while its additional regulation by the Financial Services Commission of Belize is classified as Tier-3 and does not include a specific investor protection fund.
What account types and trading conditions are highlighted for FBS in expert reviews?
The review notes that FBS offers Standard, Cent, Swap Free (Islamic), and Demo accounts, but does not provide an ECN account with direct market access, micro-lot accounts, VIP accounts, or managed accounts. For the Standard account, the minimum deposit is $5, spreads are floating from 0.7 pip, the minimum trade size is 0.01 lot, and leverage is up to 1:3000, with trading available on MT4, MT5, the FBS platform, and web and mobile terminals.
What do user reviews and feedback say about overall satisfaction with FBS?
The user satisfaction score for FBS is 7/10 based on 186 reviews, with a rating distribution showing 19% 5-star, 18% 4-star, 55% 3-star, 5% 2-star, and 2% 1-star feedback. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.
What markets and tradable assets are available with FBS according to expert feedback?
The review states that FBS offers 600 total tradable assets, including 74 Forex currency pairs, stocks, commodity futures, cryptocurrencies, stock indices, and ETFs, but does not provide options or bonds. It also notes that copy trading, PAMM investing, and managed accounts are not available, which may limit certain passive or social investing approaches.
How is FBS customer support described in expert reviews and comments?
Expert feedback indicates that FBS customer support is available 24/7 through multiple channels, including phone, email, website live chat, and Facebook Messenger, with generally clear communication and acceptable response times, though occasional delays are mentioned. Support is multilingual (including English, French, German, Italian, and Portuguese), there is an FAQ section on the site, and access to online chat requires entering an email address.
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