FBS Review 2022

4.3
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FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.

Current Promotions

Earn Gadgets, Cash Prizes & More With The FBS Loyalty Program

FBS Makes Your Dreams Come True

FBS: $140 Level Up Bonus

Awards
  • Best Customer Service Broker WBO 2022
  • Most Reliable Forex Broker MENA 2020
  • Best Social Trading Application MENA 2020
  • Best Mobile Trading Platform Asia 2020
  • Best FX Broker Europe 2019
  • Most Transparent Forex Broker 2018
  • Best Forex Broker Asia 2018
  • Best Safety of Client Funds Asia 2015
Bonus$100 welcome bonus (only available in certain regions)
InstrumentsCFDs, forex, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$1
Payment Methods
Min. Trade0.01 lots
Regulated ByASIC, CySEC, IFSC, FSCA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountNo
MAM AccountYes
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsYes
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsMT4 & MT5
Islamic AccountYes
Account Currencies
  • USD
  • EUR
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
Commodities
  • Gasoline
  • Gold
  • Oil
  • Silver
CFD TradingGo long or short on popular financial markets with leveraged CFDs
CFD FTSE SpreadFrom 0.0
CFD GBPUSD SpreadFrom 0.6
CFD Oil SpreadFrom 0.0
CFD Stocks SpreadVariable
CFD Leverage1:30 EU and restricted countries, 1:3000 rest of the world
Forex TradingTrade a long list of currencies, including exotics, with competitive spreads
Forex GBPUSD SpreadFrom 0.6
Forex EURUSD SpreadFrom 0.5
Forex EURGBP SpreadFrom 2.1
Forex Assets44
Crypto TradingFBS offer trading on crypto/metal, crypto/crypto or crypto/fiat pairs.
Crypto SpreadFloating
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • ADA
  • ALG
  • AVA
  • BAT
  • BCH
  • BNB
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • FIL
  • IOT
  • LNK
  • LTC
  • MKR
  • MTC
  • NEO
  • OMG
  • SHB
  • SOL
  • TRX
  • UNI
  • VEC
  • XLM
  • XMR
  • XRPZEC
Risk Warning – Your capital is at risk

FBS is an online broker that offers financial market trading in forex and CFDs. Our review in 2022 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, demo account, and minimum deposits. Find out whether to sign up for an FBS account today.

History & Headlines

FBS is an international brokerage present in over 150 countries. FBS stands for Financial Brokerage Services. The company has a head office location in Cyprus and over 23 million active traders, from Malaysia and Indonesia to South Africa, Pakistan and the EU.

Tradestone Ltd. is authorized by the Cyprus Securities & Exchange Commission (CySEC) under the license number 331/17.

Companies united by the FBS brand offer margin trading opportunities across hundreds of assets, as well as a suite of educational materials for beginners.

Trading Platforms

FBS uses a non-dealing desk (NDD) system with an electronic communications network (ECN) for rapid order execution. After registration and login, clients have a choice of three platforms:

MetaTrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

FBS MT4 Platform
MetaTrader 4

The global branch of FBS also offers MT4 MultiTerminal, which allows clients to operate multiple accounts simultaneously.

MetaTrader 5

The broker also added MT5 integration to its portfolio. This platform is an update to MT4 with greater versatility that offers the following:

FBS MetaTrader 5
MetaTrader 5

MT4 and MT5 are also both available without a download via any browser through the WebTrader solution. This service works across all operating systems and has all the features of the original software.

FBS Trader

Investors are able to trade cryptos, stocks, gold and forex, among other markets. Real-time price alerts and market tracking make it easy to stay on top of trends while on the go. Upon testing, our experts were also pleased with the instant deposits and withdrawals, plus the slick interface which means you can amend account and order parameters in a few clicks.

FBS trading broker apk download
FBS Trader

Overall, FBS Trader is a good option for beginners, offering a user-friendly trading terminal available 24/7.

Markets

Clients can access a wide range of assets:

Trading Fees

Spreads offered by FBS vary by account type, market and region. For EUR/USD, the EU firm offers a spread of 0.7 pips on average. The firm charges a 0.7% commission for US stocks.

FBS charges overnight rollover fees. Swap-free investing is possible but is not available when trading cryptos, forex exotics, indices, stocks and energy instruments.

A fixed-rate option is also available for clients from Nigeria. This allows the national currency NGN to be exchanged for an exact number of USD every time. Check on the broker’s website for the latest currency exchange rates.

FBS Leverage

The maximum leverage available depends on account type and branch. In the EU, for example, the broker provides leverage up to 1:30 on Standard and Cent account types and 1:2 on Crypto. Globally the company offers up to 1:3000 leverage.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile Apps

MT4 & MT5

Both MetaTrader platforms are also available as mobile apps from the App Store and Google Play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS MetaTrader mobile trading
MT4 App

FBS Trader App

The owner and CEO have ensured that FBS Trader is a free and fully-featured trading app. As outlined above, the broker’s downloadable app offers forex and top instruments for investing, alongside real-time stats and easy account management.

FBS mobile app
FBS Trader

Deposits & Withdrawals

The minimum deposit at the online forex broker is different for each account type and trading region. The firm requires an initial deposit of €10 on the Cent account and €100 on the Standard. While using FBS, we were pleased to see the low minimum deposit offering of $1 on Crypto.

Several deposit and withdrawal methods are available including wire transfer, Visa, Maestro, Mastercard and electronic payment systems, such as Skrill, Rapid Transfer and Neteller.

Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. No commission fees apply to deposits and withdrawals, but your bank may decide to take a fee.

Identifying documents may be requested to process a transaction.

Demo Account Review

FBS offers demo versions of the Cent and Standard accounts. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement.

Once comfortable with the broker’s services, you can then sign up for a live account.

Trading Bonuses

FBS Global are currently operating the ‘Level Up’ bonus, where clients receive $70. This can be increased by using the FBS Personal Area App, up to $140. Full details and T&Cs are on the FBS website.

The broker also runs a loyalty program where traders can pick up a selection of perks and rewards, including gadgets and cash prizes. Clients simply need to sign up for the loyalty scheme in their account area and carry on trading. Prize points can be exchanged for gifts in a few clicks.

New vouchers are also added frequently, like the $100 bonus, meaning investors get a boost to their trading capital upon sign-up.

Note, these promotions are not available in certain regions where regulation prohibits bonuses. Also check the terms and conditions upon registration as promotions will expire after a certain period.

Licensing & Regulation

FBS is a legitimate broker with regulations from respected authorities.

The company that owns the EU branch of FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC). The global branch is regulated by the International Financial Services Commission of Belize (IFSC). In addition, the brand is regulated by the Australian Securities & Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA) in South Africa.

In the EU, the broker also offers negative balance protection to retail clients. Overall, we are happy FBS is not a scam.

Note that traders from the USA, Japan, Myanmar, Malaysia, Israel, Iran and Canada cannot register for an account, though clients from most other countries are accepted, including India and Nigeria.

Additional Features

The FBS website has an analysis section with resources including courses, a glossary, a guidebook, trading ideas (not a signals service), forex-related news, market updates, and a Forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar, available on the mobile app, and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar
Economic Calendar

Note that the copy trading app has been disabled in 2022. However, MT4 and MT5 facilitate copy trading alongside EAs which serve as a signals service.

Trading Accounts

New clients have the option of several live account types.

In the EU, the broker offers Crypto, Standard and Cent accounts. The global branch additionally offers the Micro, Zero Spread, and ECN. Order volumes are the same across account types: 0.01 – 500 lots.

The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading conditions.

FBS also offers a dedicated crypto trading account for aspiring digital currency investors. Clients can take positions on leading tokens with a suite of analysis tools and features to enhance the trading experience. Leverage up to 1:5 (limited at 1:2 for EU and UK) is offered with the broker’s crypto trading solution.

When opening an account, you will need to submit documents to verify your name, address and the country you are registering from.

FBS Pros And Cons

Benefits

Advantages of trading with FBS include:

Drawbacks

Our experts also flagged several downsides:

Trading Hours

The FBS broker website is available at all times. Opening hours for each asset depend on the market and timezone, but forex and crypto run 24 hours a day on weekdays.

The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer Support

Customer support is English and mutilingual:

EU

Global

Contact options including live chat, callback, and WhatsApp are available on the global website.

Trader Safety

FBS ensures client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The MetaTrader platforms also offer dual-factor authentication at the login stage for added security.

Is FBS A Good Or Bad Broker?

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS Trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted Countries

FBS accepts traders from Australia, Thailand, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FBS from United States, Japan, Canada, Myanmar, Malaysia, Israel, Iran, United Kingdom.

Compare FBS

Compare FBS with similar brokers that accept traders from your location. Among available brokers these are the most similar to FBS:

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.

FBS Comparison Table

Compare FBS With Similar Brokers
FBS LQDFX Forex.com IG Group eToro
Rating 4.3 4.5 4.4 4.7
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $1 $20 $100 £250 $10
Minimum Trade 0.01 lots 0.01 lots $1 0.1 lots $10
Regulators ASIC, CySEC, IFSC, FSCA CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC, FSA
Bonus $100 welcome bonus (only available in certain regions) 100% deposit bonus up to $20,000 No
Education Yes Yes Yes Yes Yes
Platforms MT4, MT5 MT4 MT4 MT4
Leverage 1:30 EU and restricted countries, 1:3000 rest of the world 1:100 – 1:500 1:200 1:30 1:30 EU
Payment Methods 9 8 8 6 14
Detailed Comparison FBS vs LQDFX FBS vs Forex.com FBS vs IG Group FBS vs eToro
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Compare Trading Instruments

Compare FBS Trading Instruments
FBS LQDFX Forex.com IG Group eToro
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes No Yes Yes
Silver Yes Yes Yes Yes Yes
Corn No No No No Yes
Crypto Yes Yes Yes Yes Yes
Futures Yes No Yes Yes No
Options No No Yes Yes No
ETFs No No No Yes Yes
Bonds No No No Yes No
Warrants No No No No No
Spreadbetting No No No Yes No
Volatility Index No No No Yes Yes

FBS vs Other Brokers

Compare FBS with any other broker by selecting the other broker below.

FBS vs

FAQ

Where Is FBS Regulated?

This broker is regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC) and elsewhere by the International Financial Services Commission of Belize (IFSC), the Australian Securities & Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

Is FBS A Good Broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and our experts were pleased with the selection of products, assets and tools available upon testing.

Does FBS Offer Any Bonuses?

The global branch of FBS offers a variety of promotions, including a $100 bonus where no deposit is required. This broker also has trader demo contests and a VPS service. Check the website upon sign-up for the latest deals and offers.

What Is The Minimum Deposit At FBS?

Clients can open a Crypto account with $1 and a Cent account with $10. Higher account tiers have larger initial funding requirements.

What Platforms Does FBS Offer?

The broker has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This firm also offers FBS Trader, an in-house mobile application. All platforms are suitable for beginners and offer risk management tools, graphs and charts, plus one-click trading.

FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.

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