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FBS Review 2024

Last updated Jun 17, 2024
FBS is trusted. Tested via live trading.

Highlights of FBS

FBS Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 4MetaTrader 5FBS Trader
Deposit/withdrawal:
Neteller Logo
Skrill Logo
Perfect Money Logo
SticPay Logo
Visa Logo
Mastercard Logo
Maestro Logo
compare FBS trading accounts

FBS is an international broker regulated by ASIC and CySEC, ensuring a high level of security and reliability.

The broker is characterized by low spreads and commissions, which are advantageous for active traders. Opening an account is simple and fast, with access to numerous educational resources, including webinars and demo accounts, which help improve trading skills.

Pros and Cons of FBS

Pros

  1. Regulated by major international organizations.
  2. Low spreads and commissions.
  3. Wide range of trading assets.
  4. Extensive database of educational materials and analytical tools.
  5. Support for various trading platforms.

Cons

  1. Limited choice of trading accounts.
  2. Limited choice of account currency.

FBS Broker Overview

Foundation Year2007
Official Websitehttps://fbs.com
Regulated in CountriesBelize, Cyprus, Australia, South AfricaMore Details
Minimum Deposit
  • 5 USD
  • 5 EUR
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 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 EntityRegulatorReview
Current review
FBS EU review
FBS AU review

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 is only $5.

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 Deposit5 $5
Trading PlatformsMetaTrader 4MetaTrader 5FBS Trader
Spreadfloatingfrom 0.7 pipsfor EURUSD~ 0.9 pips
Commission per Trade
Trading AssetsForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Opened Positionsup to 200
Leverage1:1-1:3000
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 Islamic banking principles. Customers can open An Islamic account based on the Standard or Cent account by contacting customer support.

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 have 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

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

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.

Available Markets

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

BrokerIC MarketsFBSPepperstone
Forex614397
Precious Metals7820
Energy Carriers534
Soft Commodities816
Indices251126
Stocks2175480986
ETF38108
Bonds10
Cryptocurrency21530

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.

Margin Requirements

Leverage may differ for different types of instruments.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:3000
Precious Metals
1:3000
Energy Carriers
1:200
Indices
1:400
Stocks
1:20
Cryptocurrency
1:400

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.

FBS's choice of trading platforms 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: The FBS website publishes regular reviews and forecasts for various trading instruments, 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: The FBS website offers various calculators that 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: The FBS website has a glossary with terms and definitions related to Forex and trading, which helps newcomers quickly understand trading concepts.

The extensive and varied educational resources make this broker attractive to traders of all experience levels. As a result, FBS earns a higher rating in the context of educational materials than 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.

How to Contact Support?

You can reach them via:

Conclusion

FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.

FAQ

Is FBS legit?

Yes, FBS is a legitimate broker regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Which country is FBS from?

FBS is an international broker with a strong presence in many countries. It is headquartered in Cyprus.

Is FBS an ECN broker?

No, FBS is an STP broker.

How does FBS make money?

FBS makes money through spreads and commissions on trades. Additionally, they may earn from overnight swap fees and other service fees.

Is FBS good for beginners?

Yes, FBS is suitable for beginners. It offers a variety of educational resources, including webinars, tutorials, and a demo account to help new traders improve their skills.

Does FBS offer a demo account?

Yes, FBS offers a demo account which allows traders to practice and develop their trading strategies without risking real money.

How can I open an account with FBS?

To open an account with FBS, visit their official website, click on the 'Open Account' button, and follow the registration process which includes filling out personal information and verifying your identity.

How can I delete my FBS account?

To delete your FBS account, you need to contact their customer support team through email or live chat and request the closure of your account. Follow their instructions to complete the process.

What is the minimum deposit for FBS?

The minimum deposit for FBS starts from as low as $5.

What is the maximum leverage on FBS?

The maximum leverage offered by FBS is up to 1:3000, depending on the account type and regulatory restrictions.

How do I deposit funds in an FBS account?

You can deposit funds into your FBS account through various methods including credit/debit cards, cryptocurrencies, and electronic payment systems like Neteller and Skrill.

How do I withdraw money from FBS?

To withdraw money from FBS, log in to your account, go to the 'Finance' section, select 'Withdraw Funds', choose your preferred withdrawal method, and follow the instructions.

Does FBS provide VPS?

Yes, FBS provides a Virtual Private Server (VPS) service to ensure stable and uninterrupted trading.

Is FBS suitable for scalping?

Yes, FBS is suitable for scalping. The broker supports scalping strategies and provides competitive spreads and fast execution.

Is FBS suitable for auto-trading?

Yes, FBS supports auto-trading through platforms like MetaTrader 4 and MetaTrader 5, which allow the use of Expert Advisors (EAs) for automated trading.

Is FBS suitable for hedging?

Yes, FBS allows hedging, enabling traders to open multiple positions on the same instrument in different directions.

Is FBS suitable for spread betting?

No, FBS does not offer spread betting services.

Visit FBSTrading CFDs carries high risks. You may lose all invested funds

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.