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
- $5
- MetaTrader4
- MetaTrader5
- FBS app
- CySEC
- FSC (Belize)
- 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 a reliable broker with the TU Overall Score of 7.33 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 showed that the broker’s clients are mostly 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 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.
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- 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 Advice
Author, Financial Expert at Traders Union
FBS provides a range of trading services that include Forex, indices, metals, and futures, traded on MetaTrader 4, MetaTrader 5, and the FBS app. The broker offers flexible trading conditions with a $5 minimum deposit, leverage up to 1:3000, and spreads starting from 0.7 pips. Additionally, the company provides negative balance protection and comprehensive educational resources, supporting both novice and experienced traders.
However, FBS has limitations regarding passive income opportunities, like the absence of copy trading and PAMM accounts, which may not appeal to traders seeking such options. The lack of cryptocurrency trading and certain asset classes like bonds may not be ideal for some traders. Therefore, FBS may be more suitable for those prioritizing Forex and CFD trading across various strategies.
- 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, you can start trading with a deposit of just $5, enjoying fee-free trading with leverage up to 1:3000.
- 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 Trading Conditions
Your capital is at risk. 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: | FBS app, MetaTrader 5, MetaTrader 4 |
|---|---|
| 📊 Accounts: | Standard account, demo account |
| 💰 Account currency: | USD, EUR |
| 💵 Deposit / Withdrawal: | Cards: Visa, MasterCard; e-wallets: Skrill, Neteller, Wire Transfer, Rapid Transfer |
| 🚀 Minimum deposit: | $5 |
| ⚖️ Leverage: | 1:3000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,7-1,3 pips |
| 🔧 Instruments: | Forex, indices, metals, futures contracts |
| 💹 Margin Call / Stop Out: | 40% / 20% |
| 🏛 Liquidity provider: | Currenex |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Advisors; Hedging; Protection against a gap. |
| 🎁 Contests and bonuses: | No |
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 USD 5 and the spread from 0.7 pips. Traders can connect swap-free (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
Shahnaz Akhter 
Verified
PK Karachi Great
Nothing
Sizwe Vuma
Verified
ZA Pretoria The verification process is easy
There is nothing wrong I've noticed so far
Dwij Badheka 
Verified
IN Ahmedabad We give a high rating.
.
Ionela Tudorache
Verified
RO Târgovişte Is what new traders need.
None
Peter Kocourek
Verified
PK Islamabad Round-the-clock service, good customer support
The company does not interfere with trading
Jane
Verified
KE Nairobi It has the functionalities you can find in the other options if you prefer trading on the web.
No weakness
alex
Verified
PK It's great
Not really
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.
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 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 16 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 |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 FSC (Belize) |
Financial Services Commission of Belize | Belize | No specific fund | Tier-3 |
FBS Security Factors
| Foundation date | 2009 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FBS have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone 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
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 | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,7 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,0 | 1,4 | 0,5 |
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 | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
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:
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.
FBS - How to open, deposit and verify a trading account | Firsthand experience of Traders Union
Deposit and withdrawal
FBS 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.
- Bank wire transfers available
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC payments not accepted
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 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are FBS base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FBS supports the following base account currencies:
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.
Markets and tradable assets
FBS 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.
- Commodity futures are available
- ETFs investing
- 74 supported currency pairs
- Copy trading not available
- Bonds 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 | Pepperstone | |
| Currency pairs | 74 | 60 | 90 |
| Total tradable assets | 600 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment 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 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
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 |
|---|---|
| Registration address | Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus |
| Regulation |
CySEC, FSC (Belize)
Licence number: 000102/6 |
| Official site | www.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.
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 | Eightcap | XM Group | RoboForex | InstaForex | 4XC | |
| Trading platform |
MT4, MobileTrading, MT5, FBS app | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT5, MT4, WebTrader |
| Min deposit | $5 | $100 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:3000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1 point | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
40% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 10% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | Yes | 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 regulators of FBS are the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission of Belize (FSC), 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 USD 5.
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.
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.
Latest FBS News
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