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FBS Review 2024

8.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • €10
Trading platform:
  • MetaTrader4
  • MetaTrader5
  • FBS Trader
Regulation:
  • CySEC
Foundation year:
  • 2009
Updated:
8.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • €10
Trading platform:
  • MetaTrader4
  • MetaTrader5
  • FBS Trader
Regulation:
  • CySEC
Foundation year:
  • 2009
1 848*
people picked this broker on the Traders Union website over the last 3 months
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FBS isn't available in United States
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Our Evaluation of FBS

8.98/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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.

Advantages of trading with FBS:
  • negative balance protection;
  • a large selection of trading instruments;
  • the support service works 24/7.
Disadvantages of FBS:
  • 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

Anton Kharitonov

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.

Trade with this broker, if:
  • 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.
Do not trade with this broker, if:
  • 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

Verified the company's address
* The results of this inspection shall not be regarded as an advice to choose the broker.
Detailed report on the visit to the company’s office FBS

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
📊 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

User Satisfaction

Score:
6.5/10

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Pro Alexandr
1 week ago
Social link Verified
Location MD Tiraspol
Dignity

Good company!

Shortcomings

No

Opening an account on FBS is simple. The first step required me to enter my details but I have the option to sign up using my Gmail address. The next step demanded I select a trading platform, account currency and leverage, when I completed the process I realized I had a standard account opened for me. From the personal area I went ahead to open a demo account which was what I needed at the moment to practice. Opening a demo account is quite easy, from the personal area, you can click on add account, select the trading platform, account currency and initial balance. You can download the trading platform app or trade with FBS mt4 webtrader terminal. The web trader terminal interface is friendly and features simple trad

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sharol425
5 weeks ago

I like this company. I almost doubled my deposit in six months. This is a very good result for me. But the most important thing is that FBS withdraws money without any problems. That is, the company fulfills all agreements with a client. Therefore, I believe that FBS can be trusted.

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dilanharshana
7 weeks ago

For me, FBS was one of the first brokers I started trading with; earlier, they used to advertise more online. They had contests, and I even won one of them. Overall, I traded with FBS for a couple of years, and everything suited me. They had a separate blog with analytics, where there were some good materials. Now, many things are no longer available, although the broker continues to operate in the Forex market.

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don2902
7 weeks ago

The minimum deposit threshold in fbs is only €10, so don't waste your time and open an account here. Trading conditions are much better than with the most popular brokers, spreads are so much better!

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nmmc
10 weeks ago

In general, FBS is an okay broker. Despite the complex market conditions in recent years, it has managed to stay afloat. Withdrawals are processed without any issues, and accounts are not blocked. The customer support, while taking a while to respond, does help to resolve all queries. Occasionally, fund withdrawals may take longer than expected. Overall, collaborating with FBS is fine.

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14forexjob
13 weeks ago

Before opening an account with FBS, I studied the company's operations. It turns out that this broker has been in the financial markets for over 10 years. Not all reviews are positive, of course, but many recommend trying trading here. I opened an account with FBS six months ago. So far, I can't say anything negative about the broker. I haven't withdrawn any money yet.

Responses to a comment
robin to 14forexjob
10 weeks ago

I hope that even after a year of collaboration, you won't have a negative opinion about the FBS company. I have been trading here for over a year, and I have no plans to change the company.

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musafir
15 weeks ago

I have invested a lot of time and energy into learning about Forex trading, but choosing a reliable broker has proven to be a challenging task. Luckily, I was able to find a good brokerage company. This is FBS. I have no problems with order execution, spreads are really small, and the platform works quite quickly, without any visible failures. In general, I am satisfied with this broker.

Score:
9.1/10

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:

1

You can enter your FBS personal account from the main page of the company's website. To do this, click "Log in".

FBS Official Website
FBS Official Website
FBS Official Website
2

To log in, you need to enter your email address and password. You can also go through authorization using your Google or Facebook account.

Authorization on FBS Website
Authorization on FBS Website
3

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.

FBS account opening
FBS account opening
4

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.

5

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:

  • 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.

Score:
6.96/10

Regulation and Safety

Information

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
Score:
9.57/10

Commissions & Fees

Information
The experts at Traders Union checked the broker for trading and non-trading commissions. In the category of trading commission, the company's spread was considered, and as a non-trading commission, various additional fees for withdrawing funds from the account were considered.
Account type Spread (minimum value) Withdrawal commission
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
$1.5
Medium
$1
Low
$8.5
High
Score:
7.2/10

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:

Account Type
Description
cent (micro)
The minimum deposit for this type of account is €10. The spread is floating, starting from 1 pip. You can open a maximum of 400 positions during pending orders. The transaction volume is 500 cent lots maximum. The minimum is 0.01 lot. Market execution is the method used to send trade orders in 0.3 seconds. The leverage is 1:3000;
standard
The trading conditions on this type of account are identical to those provided on the cent account. The only difference is that the minimum amount of deposit replenishment is already 100 euros. Of course, no cents are traded here.

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

FBS tested by Rinat Gismatullin
Score:
8.5/10

Deposit and Withdrawal

  • The trader can withdraw funds to Visa and MasterCard bank cards.

  • Withdrawals to electronic wallets, Skrill, Neteller, wire transfer, and Rapid Transfer are available.

  • Withdrawals are made in euros.

  • The broker does not charge a commission, but the commission can be withdrawn by the bank/electronic payment system.

  • The maximum processing time for a withdrawal request by a brokerage company is 48 hours.

  • The processing time of the application by the bank may take 5-7 working days.

Score:
3.1/10

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

  • 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.

  • 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.

  • 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.

Score:
8.2/10

Additional Trading Tools

  • 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.

  • 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.

  • 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.

Score:
7.58/10

Customer Support

Information

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:

  • 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 Licence number:
IFSC/000102/124
Official site fbs.com
Contacts
Score:
9.03/10

Education

Information

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.

Information available in the Education section
Information not available on the FBS website
How to read currency quotes and buy/sell currency pairs in the FBS trading terminal, as well as how to calculate your financial results
There is no detailed analysis of each question in the articles on the site
Fundamental and technical analysis of the market
 
How to understand trends, ranges, and breakouts
 
Trading styles
 
Psychology of traders and risk management
 
Glossary
 
Webinars and video tutorials
 

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 Eightcap Exness TeleTrade IC Markets
Trading
platform
MT4, MobileTrading MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5 MT4, cTrader, MT5, TradingView
Min deposit $1 $10 $100 $10 $1 $200
Leverage From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:10
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 0 points From 1 point From 0.8 points From 0 points
Level of margin call
/ stop out
40%  /  20% 60%  /  40% 80%  /  50% No  /  60% 70%  /  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 No No
Cent accounts Yes Yes No No No 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:

  • Forex News, Forex TV, and an economic calendar to track events that affect the volatility of trading instruments;

  • daily analytics are available to track fundamental and technical analysis of the market;

  • 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:

1

good liquidity;

2

the availability of a regulator;

3

quotes using 5 points after the decimal point;

4

good trading conditions: two types of real accounts, as well as two options for demo trading accounts, relatively low spreads starting from 1 pip;

5

a good set of financial instruments: you can trade currencies, contracts for differences, and metals;

6

plenty of materials for training - allows a beginner to quickly master the principles of Forex trading;

7

protection against a gap (negative balance) - will prevent the loss of the deposit;

8

you can trade robots - it makes it possible to conduct automated trading;

9

hedging is allowed - allows you to reduce risks.

Latest FBS News

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Mirjan Hipolito
FBS has updated the Personal Cabinet interface
​Broker FBS has updated the interface of its Personal Cabinet in order to provide its users with a more convenient and comfortable working
28.02.2024
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FBS to raffle 15 iPhone 15 Pro Max on February 29th
​Broker FBS celebrates the 15th anniversary of its activity, and in honor of this event, it holds a raffle among its traders. "For 15 years, we have
03.04.2023
Glory Faleke
Traders Union named FBS the best Forex broker in Indonesia
The popularity of the Forex market in Indonesia has grown rapidly in recent years, and as a result, many new traders are having difficulty finding a
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