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.
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%
No weakness
When you create a demo account, before you can start trading you have to decide between a trading with a mobile app, webTerminal, a desktop app. All of these options are great choice, but the one that will not waste your time if you dont want to leave the page you in or the need to wait to download and install is the webtrader. It has the functionalities you can find in the other options if you prefer trading on the web.
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
The company does not interfere with trading
Weekend trading on FBS should be for crypto traders since all cryptocurrency pairs remain available 24/7. I have to contact the customer care to clear my doubt on this. And the response was that with the exception of weekends, the forex market is open for trading around-the-clock, while the stock market is closed. If you a Forex trader, while crypto traders trade on weekends, go over your trades and reflect on new ideas to implement when the market opens.
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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
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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
- Low minimum deposit
- Standard account with balanced trading conditions
- No ECN/Raw spread account
- No VIP account option
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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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FBS Video Guides
FAQs
How do FBS trading commissions and non-trading fees compare according to the review?
The review rates FBS fees as medium overall, with above-average Forex trading fees and no ECN/Raw Spread account. Standard account spreads for major pairs like EUR/USD typically range from 0.7 to 1.3 pips, while non-trading fees such as deposit, withdrawal, and inactivity charges are reported as 0.
What types of trading accounts does FBS offer and what are their key conditions?
FBS provides Demo, Standard, Cent, and Swap Free (Islamic) accounts, but does not offer ECN/Raw spread, Micro, VIP, or managed accounts. The Standard account has a $5 minimum deposit, floating spreads from 0.7 pips, a minimum trade size of 0.01 lot, and leverage up to 1:3000, with trading available on MT4, MT5, and FBS platforms.
What do user reviews and feedback say about overall satisfaction with FBS services?
The user satisfaction score for FBS is 7/10 based on 186 reviews, with a rating distribution of 19% 5-star, 18% 4-star, 55% 3-star, 5% 2-star, and 2% 1-star. According to user reviews, overall sentiment is mixed, with many users giving average (3-star) ratings rather than clearly positive or negative scores.
What markets and tradable assets are available with FBS according to reviews?
The review states that FBS offers 600 total tradable assets, including 74 Forex currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but no options. It also notes that bonds, copy trading, PAMM investing, and managed accounts are not available, while ETFs are supported as an investment option.
How do reviews describe the FBS trading account opening process?
The review describes FBS account opening as fully online, with registration taking about 15 minutes and KYC verification typically completed within 1 business day. It highlights a low $5 minimum deposit and notes that, while the process is relatively fast and accessible, some beginners may find the setup less convenient.
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