FBS Review 2024

Contributor Image
Written By
Contributor Image
Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Contributor Image
Fact Checked By
Contributor Image
Fact Checked By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

4.3 / 5
FBS is #27 in our CFD broker rankings.
$5
MT4, MT5
CFDs, forex, indices, shares, commodities, cryptocurrencies
ASIC, CySEC, FSC, FSCA
USD, EUR
Visa, Neteller, Skrill, Wire Transfer, Rapid Transfer, Mastercard, Credit Card, AstroPay, Maestro

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

Pros

  • There’s a great choice of account types for short-term traders including crypto, cent and ECN options, with decent forex spreads at 0.7 pips
  • The MetaTrader terminals deliver a comprehensive day trading environment at FBS, including up to 21 timeframes and 6 pending orders
  • FBS maintains its position as a trusted European broker with top-tier licenses, several awards and negative balance protection for clients

Cons

  • Account availability, platform access and market coverage all vary by jurisdiction
  • There's a limited range of assets overall, including only 35+ currency pairs
  • There’s no copy trading solution which would offer an alternative way to trade and is offered at many top competitors like Skilling

FBS Review

FBS is an online broker that offers financial market trading in forex and CFDs. Our review in 2024 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

The FBS CFD trading platform was founded in 2009 by investors who were interested in trading research and technical analysis. FBS provides global markets with transparent and trusted applications for more than 27M CFD traders.

Today, FBS is an international brand present in over 150 countries. The brand unites several companies offering their clients opportunities to trade Margin FX and CFDs.

The companies include FBS Markets Inc. (licensed by FSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).

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 $5 on the Cent and Standard accounts and $200 on the Pro solution.

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

The broker 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, 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 Belize Financial Service Commission (FSC). 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 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.

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

4.3 / 5

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.

FAQ

Where Is FBS Regulated?

This broker is regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC) and elsewhere by the Belize Financial Service Commission (FSC), 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 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 Cent and Standard account with $5. 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.

Top 3 Alternatives to FBS

Compare FBS with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

FBS Comparison Table

Compare FBS With Similar Brokers
FBS IG Interactive Brokers World Forex
Rating 4.3 4.4 4.3 4
Markets CFDs, forex, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $5 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Regulators ASIC, CySEC, FSC, FSCA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA SVGFSA
Bonus 100% Deposit Bonus
Education Yes Yes Yes No
Platforms MT4, MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:30 (EU & Restricted Countries), 1:3000 (Global) 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 9 6 6 10
Visit Visit Visit Visit
Review IG
Review
Interactive Brokers
Review
World Forex
Review

Compare Trading Instruments

Compare the markets and instruments offered by FBS and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare FBS Trading Instruments
FBS IG Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

FBS vs Other Brokers

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

 

The most popular FBS comparisons:

  1. FBS vs OctaFX
  2. FXPro vs FBS
  3. Pepperstone vs FBS
  4. Deriv.com vs FBS
  5. JustForex vs FBS
  6. IC Markets vs FBS
  7. FBS vs Exness
  8. FBS vs IQ Option
  9. RoboForex vs FBS
  10. FBS vs Pocket Option

Customer Reviews

There are no customer reviews of FBS yet, will you be the first to help fellow traders decide if they should trade with FBS or not?

Submit Your Own Review of FBS

If you have experience trading with FBS please share your personal review of the broker and what you think are strong and weak points. Thank you.