FBS Review 2024

Last updated Feb 24, 2024
Логотип FBS
4.3/5
№16 in the brokers' list73.21% of retail investors lose money when trading CFDs with this broker
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

FBS is an international Forex broker that has established itself as a dependable partner for traders around the globe over many years. This review will examine the critical aspects of working with FBS, such as trading conditions, regulation and licensing, platforms and tools, educational materials, and customer support. We aim to provide you with the most comprehensive and unbiased information to help you decide whether to choose FBS as your Forex broker.

FBS Broker Overview

Foundation Year2007
Official Websitehttps://fbs.com
Regulated in CountriesBelize, Cyprus, Australia, South AfricaMore Details
Minimum Deposit
  • 1 USD
Spreadfrom 0.7 points
Max Leverage1:3000
Trading Assets
  • Forex
  • Indices
  • Stocks
  • Cryptocurrency
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • FBS Trader
Email Support
  • support@fbs.com
Hotline Phones
Social Media

FBS Inc., the largest broker in Southeast Asia, was founded in 2008 by merging several dealing centers. Since 2009, FBS Inc. has been active in internet trading, providing services using ECN/STP technologies online.

The company's headquarters are in Belize, with representative offices in 120 countries.

FBS Inc. has attracted over 3 million traders as clients. The company has been repeatedly honored as the best Asian broker and has received awards in prestigious Forex market categories.

FBS Review Summary

During our review of the FBS broker, we strictly adhered to our proven evaluation methodology, which includes an analysis of several key aspects such as security, fees, platforms, markets, education, analytics, and support. This detailed and balanced approach lets us present you with the most comprehensive and objective picture, enabling you to make informed decisions. Continue reading to learn more about how FBS performed in these aspects.

Reliability and Regulation

Rating:5/5

FBS is regulated by several international regulators, ensuring transparency and security of client services.

Among the central regulators overseeing FBS activities are:

Legal EntityRegulator

These regulators set strict requirements for broker operations and monitor compliance with rules such as transparency and openness of information, client and broker funds segregation, and minimum capital requirements. All this makes FBS a reliable and controlled broker with whom clients can cooperate without fear for the safety of their funds and the integrity of trading.

Account Opening

Rating:4.5/5

FBS offers a relatively simple and fast account opening process, but verification can take time.

Registration

The first step is to fill out the registration form on the official FBS website. You must provide your email and full name, then click the "Register as a trader" button. The information must be current and accurate, as it will be used later for identity verification.

FBS Trader Registration
FBS Trader Registration

Verification

After completing the registration form, you must complete the identity verification process. This is an essential step as it ensures the security of your funds and prevents fraud. For verification, you must provide copies of documents confirming your identity and residence. Typically, this would be a passport or driver's license and a utility bill or bank statement. Carefully follow the instructions on the FBS website and upload the necessary documents. Document review usually takes from several hours to several days.

Verification process on FBS
Verification process on FBS

Minimum Deposit

For comfortable trading, FBS recommends a deposit of $100. However, this is just a recommendation. The minimum deposit for all trading accounts, except for the Pro account, is only $1. For the Pro account, the minimum deposit is $200.

Account Types

Rating:3/5

FBS broker provides only one trading account, which satisfies most traders' needs.

It is also worth noting that the broker does not have investment accounts, such as PAMM accounts or accounts for copying trades, which can be a substantial disadvantage for those traders who prefer passive income from Forex trading.

Trading Accounts

Standard
Account CurrencyUSD, EUR
Minimum Deposit1 $
Trading PlatformsMetaTrader 4MetaTrader 5FBS Trader
Spreadfloatingfrom 0.7 pipsfor EURUSD~ 0.9 pips
Commission per Trade
Trading AssetsForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Opened Positionsup to 200
Leverage1:50-1:3000
Margin Call / Stop Out40% / 20%
Order ExecutionSTP
Demo Account
Islamic Account
Register

One trading account is available on the FBS platform, which can meet the needs of most traders.

Islamic Account

Beyond the standard account types, FBS also provides Islamic accounts (swap-free) for clients who adhere to the principles of Islamic banking. Contacting customer support can open An Islamic account based on the Standard or Cent account.

Demo Account

FBS allows working on a training demo account without opening a real account. All accounts offered by FBS are accessible in demo mode.

An account may be forcibly closed if no transactions occur within 45 days.

Automated Trading

Company clients can access automated trading using advisors, robots, technical indicators, and oscillators. Trading can be conducted from both desktop and mobile devices.

VPS

FBS's VPS (Virtual Private Server) enhances the quality and efficiency of trading, offering the ability to trade 24/7, even when offline.

With a VPS server, traders can configure advisors for round-the-clock trading. This particularly benefits those using automated trading systems or following strategies requiring constant market monitoring.

The key advantages of FBS's VPS server include:

  • 24/7 operation, including offline mode. This means your trading system can function continuously without your physical presence at the computer.
  • Protection from power outages and internet connection issues. If you face problems with electricity or internet problems, your trading system will keep running on the VPS server.
  • Fast and stable connection to the trading platform. This is especially critical for strategies that necessitate a quick response to market changes.
  • The ability to install any trading advisors. This allows traders to customize and optimize their trading system according to their specific needs and strategy.

It's important to note that the VPS service is free, subject to making a deposit and trading a certain number of lots. The duration of the service is unlimited.

Commissions

Rating:3.5/5

FBS Broker's commissions are assessed as average. Additionally, it is essential to consider the possibility of a withdrawal fee being charged in some instances.

Spreads and Swaps

Regarding spreads and swaps, FBS has certain specifics. Spreads on FBS's standard account are slightly below the market average, which is advantageous for active traders. FBS swaps are the market's average.

AssetAverage spreadSwap longSwap short
AUDUSD1.5 pips-6.34 pips-0.90 pips
EURUSD0.9 pips-5.46 pips0.61 pips
GBPUSD1.0 pips-2.91 pips-1.15 pips
NZDUSD1.4 pips-0.55 pips-1.40 pips
USDCAD1.5 pips-1.17 pips-2.98 pips
USDCHF1.0 pips2.30 pips-11.97 pips
USDJPY1.1 pips6.25 pips-28.74 pips

Withdrawal Commission

FBS typically does not charge a commission for fund withdrawal. However, the company reserves the right to withhold previously reimbursed amounts in case of abuse of the commission compensation policy or lack of trading activity. In the latter case, if you request a withdrawal, the company reserves the right to withhold an amount equivalent to any bank charges or 3% of the total withdrawal amount.

Deposit and Withdrawal

Rating:5/5

FBS offers various methods for depositing and withdrawing funds, allowing traders to choose the most convenient and rapid option.

Account Funding Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
NetellerNeteller
USDEUR
3.9%+ 0.21 USD
from 10 to 100000 USD
SkrillSkrill
USDEUR
0%
from 12 to 500000 USD
Perfect MoneyPerfect Money
USDEUR
0%
from 5 to 999999 USD
SticPaySticPay
USD
0%
from 5 USD
VisaVisa
USDEUR
0%
from 3 to 999999 USDfrom 4 to 50000 EUR
MastercardMastercard
USDEUR
0%
from 3 to 999999 USDfrom 4 to 50000 EUR
MaestroMaestro
EUR
0%
from 5 to 5000 EUR
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
Логотип Bitcoin CashBCH (Bitcoin Cash)BCH
0%
Логотип LitecoinLTC (Litecoin)LTC
0%
from 0.1 LTC
Логотип EthereumETH (Ethereum)ERC20
0%
from 0.01 to 99999 ETH
Логотип TetherUSDT (Tether)ERC20
0%
Логотип TetherUSDT (Tether)TRC20
0%

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
NetellerNeteller
USDEUR
2%
SkrillSkrill
USDEUR
1%+ 0.32 USD
Perfect MoneyPerfect Money
USDEUR
0.5%
SticPaySticPay
USD
2.5%
VisaVisa
USDEUR
0%+ 1 USD

Withdrawal requests are processed within two business days.

Please note that the processing time for transactions and fees can vary depending on the chosen method and the client's location. It is recommended to review the conditions of each method and select the one that is most convenient for you.

FBS continually works on expanding the list of available deposit and withdrawal methods to provide its clients with the most comfortable conditions for trading in the Forex market.

100% Deposit Bonus

FBS presents a unique offer to its traders - a 100% deposit bonus that significantly enhances trading efficiency.

The process of receiving the bonus is straightforward. You need to fund your trading account and receive a bonus of 100% of the deposited amount. This effectively doubles your deposit, giving you more funds for trading and, consequently, more profit opportunities!

This bonus has no time limit and can be activated anytime, making it perfect for new and experienced traders. With this offer, FBS is committed to ensuring you can benefit from Forex trading.

Markets and Products

Rating:4/5

FBS offers a diverse range of trading assets. However, the absence of soft commodities and a relatively limited selection of stocks and cryptocurrencies compared to some other brokers slightly diminishes the overall rating. Nonetheless, the range of products is reasonably sufficient for most traders.

Here are the main categories of trading assets available at FBS:

  1. Currency Pairs: FBS offers 36 currency pairs, including major pairs (such as EUR/USD, GBP/USD), cross rates (such as EUR/JPY, GBP/JPY), and exotic pairs (such as USD/TRY, USD/RUB).

  2. Metals: Trading in precious metals like gold (XAU/USD) and silver (XAG/USD) is available on the FBS platform, which are popular assets for hedging risks and preserving investment value.

  3. Indices: FBS provides trading in indices of the largest global stock markets, including the Dow Jones (US30), NASDAQ (USTEC), S&P 500 (US500), FTSE 100 (UK100), DAX 30 (DE30), and others.

  4. Energies: Traders can engage in commodities trading, such as oil (WTI and Brent), natural gas, and other goods that are fundamentals of the global economy.

  5. US Stocks: FBS offers trading in 480 stocks of the largest US companies, such as Apple, Google, Amazon, Facebook, and others. Stock trading is only available on certain account types and through specific trading platforms.

  6. Cryptocurrencies: Trading in 5 cryptocurrencies is also available on FBS, including Bitcoin, Ethereum, Litecoin, Ripple, and others. Cryptocurrencies are relatively new and volatile assets offering unique opportunities for traders.

The selection of trading assets at FBS enables traders of different levels of experience and interests to find suitable instruments for their trading strategies and goals, creating comfortable conditions for working in the Forex market.

Trading Platforms

Rating:4.5/5

FBS offers its clients a variety of trading platforms to meet the needs of traders with different levels of experience and preferences. Here are the leading trading platforms available at FBS:

  1. MetaTrader 4 (MT4): MetaTrader 4 is among the most popular and widely used trading platforms globally. It offers trading tools such as charts, technical indicators, advisors, and the ability to trade automatically using trading robots. MT4 is available for download on a computer and in mobile applications for iOS and Android.

  2. MetaTrader 5 (MT5): MetaTrader 5 is the successor to the MT4 platform, offering additional features such as advanced charting capabilities, more technical indicators, an economic calendar, and many others. MT5 also supports trading in stocks and futures, making it a more versatile platform than MT4. MT5 is also available on computers and mobile devices.

  3. FBS Trader: FBS Trader is FBS's proprietary trading platform, designed to provide clients with a simple and convenient tool for Forex trading. It offers flexible chart settings, technical indicators, and risk management functions. FBS Trader is available for use on mobile devices.

  4. WebTrader: WebTrader is a web version of the trading platform that allows traders to trade directly from the browser without downloading and installing additional software. WebTrader is suitable for those who prefer to trade from different devices or on the go.

The choice of trading platforms at FBS allows traders to find the optimal solution for their trading strategy and style, ensuring maximum comfort and efficiency in the Forex market.

FBS Trader
FBS Trader

Analytics

Rating:5/5

FBS provides a variety of analytical tools and materials that can help traders make informed trading decisions and improve their skills:

  1. Forex News: FBS offers up-to-date news related to the Forex market, including economic events, political decisions, and other factors influencing currency rates.

  2. Daily Market Analysis: Regular reviews and forecasts for various trading instruments are published on the FBS website, including analysis of the current market situation and trading recommendations.

  3. Forex TV: FBS features video materials with analytical reviews, including expert opinions, market overviews, educational materials, etc. Forex TV helps traders stay informed of the latest news and market trends.

  4. VIP Analytics: For clients with VIP status, FBS provides access to exclusive analytics, including personal consultations, overviews, and forecasts from experienced analysts.

  5. Economic Calendar: FBS offers a convenient tool for tracking upcoming economic events and statistical data releases that can impact the market.

  6. Forex Calculators: Various calculators on the FBS website help traders calculate margins, swaps, pip values, and other parameters for optimal risk management and trading.

  7. Currency Converter: FBS provides a convenient tool for quick and accurate currency conversion at current rates, which can help plan trades and make trading decisions.

FBS offers a relatively extensive and high-quality set of analytical tools and materials. This enables traders to get relevant information and develop their professional skills. While the level of analysis provided may vary depending on the specific broker and their services, FBS is a good choice for traders who value quality analytical resources and support throughout all stages of Forex trading.

Technical analysis by FBS
Technical analysis by FBS

Education

Rating:5/5

FBS offers its clients a diverse range of educational materials to help develop professional skills and deepen knowledge of the Forex market:

  1. Guides for Traders: FBS provides detailed guides on Forex trading, from the basics to advanced strategies and techniques.

  2. Tips for Traders: Numerous educational articles with advice and recommendations for trading, risk management, trading psychology, and other topics are available on the FBS website.

  3. Webinars: FBS regularly conducts webinars on various topics, including market analysis, trading strategy development, and features of working with trading platforms. Experienced traders and analysts lead the webinars.

  4. Video Tutorials: FBS offers educational video tutorials that cover a wide range of topics, from the basics of Forex to advanced trading strategies and analysis tools.

  5. Seminars: FBS organizes seminars and master classes in different countries and regions, allowing traders to learn live from experienced professionals.

  6. Glossary: A glossary with terms and definitions related to Forex and trading is available on the FBS website, helping newcomers quickly get up to speed with trading concepts.

The extensive and varied educational resources make this broker attractive to traders of all experience levels. As a result, FBS earns a high rating in the context of educational materials compared to many other brokers in the market.

FBS Video lessons
FBS Video lessons

Customer Support

Rating:5/5

FBS recognizes the importance of quality technical support for its clients and aims to provide them with a high level of service. The features of FBS's technical support include:

  1. 24/7 Availability: FBS's technical support is available around the clock, allowing clients to receive timely assistance at any time, regardless of location.

  2. Multilingual Support: The technical support staff at FBS speak various languages, facilitating communication with clients worldwide and providing quality support in the most convenient language.

  3. Various Communication Channels: FBS offers multiple channels for contacting technical support, including online chat, email, phone, and social media. This allows clients to choose the most convenient way to communicate with support.

  4. Prompt Problem-Solving: FBS's technical support staff aims to address client questions and problems promptly and efficiently, providing accurate information and recommendations for resolution.

  5. Professionalism: The technical support specialists at FBS possess the necessary knowledge and experience to assist clients with any issues related to trading on the platform, including technical difficulties, account questions, and trading conditions.

FBS's technical support provides its clients with a high level of service and strives to meet their needs during Forex trading. With its accessibility, multilingual capabilities, and professionalism, FBS's technical support earns positive feedback from traders.

FBS Pros and Cons

Advantages of FBS

  1. Regulation: FBS is regulated by major international organizations such as CySEC and ASIC, ensuring the reliability and security of services.
  2. Low Spreads and Commissions: The broker offers competitive spreads and commissions, allowing traders to reduce their trading costs.
  3. Wide Range of Trading Assets: FBS provides access to a diverse range of trading assets, including currency pairs, metals, indices, stocks, and commodities.
  4. Educational Materials and Analytics: FBS offers an extensive library of educational materials and analytical tools, helping traders to develop their skills and make informed decisions.
  5. Support for Various Trading Platforms: FBS allows the use of popular trading platforms such as MetaTrader 4 and MetaTrader 5.
  6. Multilingual Support: Technical support at FBS is available in several languages, facilitating interaction with clients from different countries.

Disadvantages of FBS

  1. Limited choice of trading accounts. Only one trading account is available on FBS, which limits traders in the variety of trading strategies they can use.
  2. Limited Choice of Account Currency: FBS offers to open accounts only in USD or EUR, which can be inconvenient for traders from countries wishing to trade in their national currency. This could lead to additional conversion expenses when depositing and withdrawing funds.

Conclusion

The FBS broker offers numerous advantages that can attract a diverse range of traders. Reliability, competitive trading conditions, access to different trading assets, educational materials, analytical tools, and multilingual support make FBS an appealing broker in the Forex market.

FBS may be particularly suitable for the following categories of traders:

  1. Beginners: With its array of educational materials and a low entry threshold, FBS is a good choice for novice traders just starting in the Forex market.

  2. Intermediate Learners: The broker provides access to analytical tools and educational resources to help intermediate-level traders further develop their skills and deepen their market knowledge.

  3. MetaTrader Users: FBS supports popular trading platforms MetaTrader 4 and MetaTrader 5, which can be convenient for those accustomed to these platforms.

  4. Traders Valuing Reliability and Security: Registered and regulated by leading international organizations, FBS can be a suitable choice for those looking for a reliable broker with a good reputation.

Ultimately, FBS could be a sound choice for many traders. Still, everyone should consider their needs, preferences, and expectations from a broker before deciding to partner with FBS.

Visit FBS73.21% of retail investors lose money when trading CFDs with this broker
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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