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.
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.
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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, ZForex and OANDA, 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
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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
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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.
- Cent account for beginners
- Demo account
- Low minimum deposit
- No VIP account option
- Micro lots are not available
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 /10
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FAQs
How is FBS regulated and what safety measures are highlighted in the review?
The review states that FBS has a safety score of 9.2/10, categorized as a High security level, and is regulated by CySEC (Tier-1) in Cyprus with an investor protection fund of up to €20,000, as well as by the FSC in Belize (Tier-3) without a specific fund. It also notes that FBS was founded in 2009, applies verification (KYC), and offers negative balance protection, while additional details beyond these points are not specified in the section.
What do the reviews and ratings say about overall user satisfaction with FBS?
The user satisfaction score for FBS is 7/10, with 186 reviews showing a distribution of 19% 5-star, 18% 4-star, 55% 3-star, 5% 2-star, and 2% 1-star ratings. According to user reviews, overall sentiment is described as mixed rather than strongly positive or negative.
What account types and key trading conditions are described for FBS in the review?
The review notes that FBS offers Demo, Standard, Cent, and Swap Free accounts, but does not provide ECN/Raw spread, VIP, Micro, or managed accounts. It highlights a Standard account with a $5 minimum deposit, floating spreads from 0.7 pip, minimum trade size of 0.01 lot, leverage up to 1:3000, and availability of MT4, MT5, FBS platforms, and web and mobile terminals, while other account conditions are not detailed.
What do reviews say about FBS deposit and withdrawal methods and limits?
The section indicates that FBS has a Medium score (6/10) for deposit and withdrawal efficiency and offers bank cards, bank wire, Skrill, and Neteller, with no deposit fee and a minimum deposit of $5 and minimum withdrawal of $1. It also mentions that only major base currencies (USD, EUR) are supported, BTC and Wise are not available, and that specific variations by account type or payment method are not detailed in the review.
Which markets and tradable assets are available with FBS according to the review?
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 support bonds, options, copy trading, PAMM investing, or managed accounts. It describes this range as standard and in line with the market average, without providing further breakdowns of each asset class.
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