FBS Australia Review 2024

Last updated Apr 17, 2024
Логотип FBS AU
4.2/5
Trading CFDs carries high risks. You may lose all invested funds
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://fbsaustralia.com
Regulated in CountriesBelize, Cyprus, Australia, South AfricaMore Details
Minimum Deposit
  • 50 AUD
Spreadfrom 0 points
Max Leverage1:30
Trading Assets
  • Forex
  • Indices
  • Stocks
  • Cryptocurrency
  • Precious Metals
  • Energy Carriers
Trading Platforms
  • MetaTrader 5
  • FBS Trader
Email Support
  • support@fbsaustralia.com
Hotline Phones
Social Media

FBS Inc., the largest broker in Southeast Asia, was founded in 2008 by merging several dealing centres. 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 honoured 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
FBS review
FBS EU review
Current 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.

Regulation in Australia

In Australia, FBS operates under the wing of Intelligent Financial Markets Pty Ltd, which is duly authorized and regulated by the Australian Securities and Investments Commission (ASIC) with AFS Licence number 426359. This regulatory framework ensures that FBS adheres to the stringent standards set forth by one of the world's most respected financial regulatory bodies. ASIC's oversight guarantees that FBS maintains high levels of operational integrity, including implementing fair trading practices and providing transparent financial reporting. This level of regulation is instrumental in providing traders with the confidence that they are dealing with a broker that is not only reliable but also committed to upholding the highest standards of regulatory compliance.

Moreover, the regulatory environment in Australia offers additional layers of security to traders through mechanisms such as the Australian Financial Services Compensation Scheme. While FBS does not directly mention a compensation scheme on its platform, the regulatory framework in Australia is designed to protect investors and traders by providing a safety net in the unlikely event of the broker's financial failure. This includes segregating client and broker funds and ensuring that traders' capital is kept in separate accounts and cannot be used by the broker for operational purposes. These measures collectively make FBS a secure and trustworthy broker for Australian traders, reinforcing the safety of their funds and the integrity of their trading activities.

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 USD. However, this is just a recommendation. The minimum deposit for all trading accounts is 50 USD, AUD or EUR.

Account Types

Rating:3.5/5

FBS offers a diverse range of account types, including Standard, Pro, Cent, Demo, STP, and Islamic accounts, catering to the needs of most traders, from beginners to experienced market participants. These options provide flexibility in terms of spreads, commission structures, and leverage, ensuring that traders can select the account that best fits their trading strategy and experience level. However, it's notable that there are no investment accounts available for those looking to earn passively, such as through copy trading of successful traders, nor are there accounts with fixed spreads. This might limit options for traders interested in more passive investment strategies or those preferring the predictability of fixed spreads.

Trading Accounts

StandardCentUltra
Account CurrencyAUD, USD, EUR
Minimum Deposit50 $
Trading PlatformsMetaTrader 5FBS Trader
Spreadfloatingfrom 0.7 pipsfor EURUSD~ 0.9 pipsfloatingfrom 0.6 pipsfor EURUSD~ 0.9 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pips
Commission per Tradeper 1 lot3 $
Trading AssetsForexIndicesStocksCryptocurrencyPrecious MetalsEnergy CarriersForexIndicesPrecious MetalsEnergy CarriersForexIndicesStocksCryptocurrencyPrecious MetalsEnergy Carriers
Opened Positionsup to 400
Leverage1:1-1:30
Margin Call / Stop Out80% / 50%
Order ExecutionSTPMMSTP
Demo Account
Islamic Account
RegisterRegisterRegister

The broker offers three distinct types of trading accounts, each designed to cater to the varied needs of different traders:

  1. Standard Account. Market execution time is from 0.3 seconds, making it suitable for traders who prefer trading in larger volumes without additional costs per trade.

  2. The Cent Account is designed for beginners who wish to trade smaller lots and gain market experience with minimal risk.

  3. The Ultra Account is best suited for high-volume traders looking for the lowest possible spreads and willing to pay a commission for each trade.

Each account type is designed to meet traders' specific needs and preferences at different experience levels, from beginners to seasoned professionals. It offers a range of options in terms of spreads, commissions, and trading volumes.

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 users to work on a training demo account without opening a real account. Standard and Cent 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.

Professional Clients

For traders confident in their skills and seeking more flexibility in their trading strategies, the transition from a retail client to a Professional category offers a range of benefits. While retail clients are protected under ASIC regulations, including leverage caps of up to 1:30, they face certain restrictions that may limit their trading potential. Experienced traders opting for the Professional category can access increased leverage of up to 1:500, among other exclusive features, albeit with some trade-offs regarding protections.

Retail vs. Professional Features Comparison

FeaturesRetailPRO
Increased LeverageNoYes
Negative Balance ProtectionYesYes
Lower Stop-Out LevelNoYes
Access to VIP AnalyticsNoYes
Priority ServiceNoYes
Access to FSG and PDSYesNo

Professional clients benefit from priority service, with all deposits processed first and customer support requests moved to the front of the queue. This ensures that professional traders receive assistance as quickly as possible.

Eligibility Criteria

To qualify for the Professional category, traders must meet specific criteria:

  • Wealth Criteria. Possession of AUD 2.5 million net assets or a gross income of AUD 250,000 annually for the last two financial years.
  • Sophisticated Investor Criteria. The annual income of at least AUD 100,000 or net assets of at least AUD 500,000, along with experience in the financial sector.
  • Business Criteria. Utilization of services and products in connection with a business not classified as a small business.
  • Professional Investor Criteria. Being a Financial Services Licensee, controlling at least $10 million, or meeting other Wholesale Investor criteria.

These criteria ensure that only genuinely experienced and financially stable traders can take advantage of the increased risks and rewards associated with the Professional category.

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

Commission per lot

FBS imposes a commission on its Ultra account, charging $3 per lot for one side of the trade. This rate is considered average in the market.

Below is the commission per lot for the EURUSD pair at different Forex brokers.

BrokerIC Markets AustraliaRaw SpreadPepperstone AURazorFBS AUUltraCMC Markets AUFX ActiveVantage AURaw
Commission per lot$3.5$3.5$3$2.5$3

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:4.5/5

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
USDEURAUD
3.9%+ 0.21 USD
from 10 to 100000 USD
SkrillSkrill
USDEURAUD
0%
from 12 to 500000 USD
Bank TransferBank Transfer
USDEURAUD
0%
VisaVisa
USDEURAUD
0%
from 3 to 999999 USDfrom 4 to 50000 EUR
MastercardMastercard
USDEURAUD
0%
from 3 to 999999 USDfrom 4 to 50000 EUR

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
NetellerNeteller
USDEURAUD
4.99%
SkrillSkrill
USDEURAUD
4.99%
Bank TransferBank Transfer
USDEURAUD
0%
VisaVisa
USDEURAUD
0%+ 0.5 EUR
MastercardMastercard
USDEURAUD
0%+ 0.5 EUR

Withdrawal requests are processed within two business days.

Transaction processing time and fees can vary depending on the chosen method. It is recommended that you review the conditions of each method and select the one that is most convenient for you.

Markets and Products

Rating:3.8/5

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 Markets AustraliaFBS AUPepperstone AU
Forex614397
Precious Metals7820
Energy Carriers534
Agricultural 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 TradersMax. Leverage for Pro Traders
Forex
1:30
1:500
Precious Metals
1:20
1:100
Energy Carriers
1:10
1:100
Indices
1:20
1:400
Stocks
1:5
1:20
Cryptocurrency
1:2
1:10

Trading Platforms

Rating:4/5

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 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.

  2. 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.

  3. 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:

  • Email: support@fbsaustralia.com
  • Phone: 1300 735 125 (Australia) / +612 9190 7577 (International)
  • Online chat on the website.

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 develop their skills and make informed decisions.

Disadvantages of FBS

  1. Limited choice of trading accounts. Only one trading account is available on FBS, which limits traders' ability to use various trading strategies.
  2. Limited trading platforms: FBS's options are limited to WebTrader and MetaTrader 5, with the notable absence of MetaTrader 4.

Conclusion

FBS Australia is a broker that prioritizes its clients' security and diversity of trading options, backed by stringent regulation and competitive trading conditions. Its commitment to education and analytical support further enhances its appeal, particularly to traders looking to expand their knowledge and trading skills.

FBS is a solid choice for traders at various levels who prioritize security, educational resources, and a wide range of trading assets.

Visit FBS AUTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - AuthorNikolay 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.

Write a review about FBS AU:

Rating: