FBS Review 2026

Regulation & Trust

FBS is a trusted broker comprised of several regulated entities:

• Intelligent Financial Markets Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC) for its Australian operations – a ‘green tier’ regulator in line with DayTrading.com’s Regulation & Trust Rating.
• Tradestone Ltd is regulated by the Cyprus Securities & Exchange Commission (CySEC) for its EU operations – a ‘green tier’ regulator.
• Trade Stone SA (PTY) Ltd is regulated by the South African Financial Sector Conduct Authority (FSCA) for its African operations – a ‘yellow tier’ regulator.
• FBS Markets Inc is regulated by the Belize Financial Services Commission (FSC) for its global operations – a ‘red tier’ regulator.

To safeguard client investments, the broker employs strict account segregation. Client funds are held in separate accounts, insulated from the broker’s operational risks, and their safety is ensured under various circumstances.

Additionally, the brokerage offers negative balance protection for retail clients so you cannot lose more than your deposit amount.

An extensive client base of over 27 million traders, operations in more than 150 countries, and over 100 industry awards further underscore its legitimacy.

That said, FBS doesn’t have a spotless record. For example, it has run into trouble with Brazil’s CVM for reverse soliciting local clients without authorization.

Accounts & Banking

Live Accounts

The account types at FBS provide flexible trading conditions, including a wide range of order volumes (0.01 to 500 lots) and many open positions (up to 500).

However, where FBS stands out is its competitive leverage that varies depending on your region (up to 1:30 in the EU but up to 1:3000 globally which is among the highest we’ve seen).

FBS also excels for beginner traders in the EU, who can open a Cent account, which allows traders to invest with fewer funds, thereby reducing the risk with 1 Cent lot equalling 0,01 of a Standard lot or 1,000 units.

Additionally, FBS offers an Islamic account that aims to adhere to Sharia law, providing a trading environment that respects religious beliefs with no interest charges.

Demo Account

FBS offers a risk-free trading environment to get you started. The broker provides demo accounts accessible through the popular MT4 and MT5 platforms, which I was able to add easily from my client dashboard.

These demo accounts are funded with virtual money, allowing you to practice trading the broker’s 550+ instruments without risking real money. They remain open as long as you use them but will expire after 90 days of non-activity.

Once confident in my trading strategies, I was able to seamlessly transition to a live account from the client dashboard.

Registration

The account opening process on the client dashboard is quick and user-friendly. I signed up for a real MetaTrader account in just a few minutes using Google Sign-In, so I didn’t even have to worry about creating a new password. There is also the traditional option to register using an email address and password combination.

Once registered, which also required submitting identification documents to verify my details and country of residence, I gained access to MetaTrader’s comprehensive trading capabilities, including Expert Advisors (EAs), scalping, hedging, and VPS support for autonomous algorithmic trading.

Currency conversion fees could apply if your account currency differs from the transfer currency. To avoid this, I fund and maintain my trading account balance in USD.

Deposits & Withdrawals

The minimum deposit at FBS typically starts at $5, though this can vary depending on your location. For example, in the EU, it’s €10 for a Cent account and €100 for a Standard account.

FBS offers among the most extensive selection of funding options we’ve seen, with over 200 supported solutions. These include wire transfers, debit cards (Visa, Mastercard), and popular e-wallets like Skrill, Sticpay, and Neteller.

I was also delighted to see crypto funding options, although they were limited to USDT (TRC20 and ERC20).

Deposits are usually instant, except for wire transfers, while withdrawals can take up to 48 hours. FBS doesn’t charge fees for deposits or withdrawals, but your bank might.

FBS has done a great job streamlining the deposit and withdrawal processes, making them quick and easy. I also appreciated that they don’t charge unnecessary fees, which created an extremely positive user experience.

Assets & Markets

FBS caters predominantly to forex and CFD traders, providing a narrower range of tradable assets compared to many competitors.

You can trade:

• 72 currency pairs (e.g., EUR/USD and USD/JPY)
• 8 precious metals (e.g., gold and silver)
• 11 indices (e.g., S&P 500 and FTSE 100)
• 3 energies (WTI and Brent oil, plus natural gas)
• 470+ stocks (US, UK and German companies)

The section is reasonable but despite improvements to the forex offering, it still excludes popular asset classes like real stocks, real ETFs, options, and cryptocurrencies.

If you prioritize crypto trading, platforms like Eightcap, with over 100 crypto derivatives, might be a better fit. Also, consider CMC Markets (over 300 forex pairs) and XTB (2,100+ total asset classes).

Another notable absence at FBS is a proprietary copy trading service, which could disadvantage those seeking to follow experienced traders or adopt a hands-off investment approach.

Fees & Costs

FBS offers competitive spreads and trading conditions.

Spreads vary depending on the market and region. There are no separate commissions, as all fees are included in the spread.

For instance, the typical EUR/USD spread is 0.9 pips, and for the Dow Jones 30, it’s 5.92 points. The same applies to stock CFDs.

While the broker offers a 0.7% commission for US stocks, overnight rollover fees apply to most positions (though you can avoid these if you’re day trading).

FBS offers the most competitive spreads on FX pairs and stocks, with rates falling in the average range for commodities. However, when trading indices, spreads tend to be higher than industry standards.

Platforms & Tools

FBS offers MetaTrader 4 and MetaTrader 5 as its primary platforms.

Built for active traders, these platforms are available on desktop (Windows and Mac), web, and mobile (iOS and Android).

They excel in the charting department with 68 total indicators (30 on MT4, 38 on MT5), 30 total timeframes (9 on MT4, 21 on MT5), and 3 chart types (line, bar and candlestick on both).

The MetaTrader 5 desktop platform closely mirrors its web counterpart in design, functionality, and reporting. However, one key advantage of the desktop version identified during testing is its ability to send mobile push or email notifications, a feature absent on the web platform.

On the downside, FBS’s exclusive use of MetaTrader platforms may restrict day traders accustomed to specific charting tools.

For example, increasingly popular alternatives like TradingView and cTrader offer unique features and functionalities that are not replicated within the MetaTrader ecosystem, such as cTrader’s excellent copy trading functionality.

This limitation hindered my preferred workflow and analytical approach.

Research

FBS offers a comprehensive educational and analytical toolkit. The platform provides many resources, including Market and VIP Analytics for global clients and financial news, webinars, and expert analysis available through Forex TV for EU clients.

For on-the-go traders, the mobile app includes an economic calendar and trading calculators, and there’s an excellent Telegram channel, which I frequently use to stay informed about market and technical analysis.

MT5 includes a primary and non-filterable economic calendar, but FBS also provides their economic calendar within the dashboard to facilitate browsing.

I also find the stocks calendar helpful, allowing me to view upcoming dividend payments for US and European stocks.

Education

FBS provides a robust educational offering featuring video tutorials, webinars, and written guides on a wide range of trading topics.

Forex trading has a solid foundation that covers core topics such as fundamental analysis, technical analysis, and risk management. The FX market has clearly been a priority for this broker, most recently adding a Forex Intensive course that is free and can take up to five weeks to complete.

Yet while these resources provide a solid foundation for day traders, there’s room for improvement to match industry-leading educational standards available at firms like IG, such as incorporating advanced trading concepts and insights from industry experts.

I would also like to see FBS expand their educational offerings by delving into more complex trading strategies and advanced market analysis techniques. This would benefit both beginners and experienced traders.

Customer Support

FBS customer support has proved consistently responsive and helpful during years of testing. Their multiple contact channels, including live chat, email, and phone, make it easy to get in touch.

The extended support hours, available 24/7, is particularly useful for traders in different time zones. Additionally, their comprehensive FAQ section is a valuable resource for finding answers to common questions quickly.

Live chat has always been my first option. In my experience, I have always connected quickly with a knowledgeable customer support representative who provides clear and informative answers to my questions about withdrawals, fees, and available trading instruments.

I also like the way FBS includes a link to its Help Center from the client dashboard, so I don’t have to navigate away from the site manually.

Should You Day Trade With FBS?

FBS is an excellent broker for day trading mainly because they offer tight spreads from 0.7 pips, fast execution speeds from 10 milliseconds, and around-the-clock support, which are essential for this trading style.

Furthermore, the availability of platforms like MetaTrader, along with various account types, allows day traders to choose conditions that suit their strategies.

Our main criticism is that while the firm has a lot to like, the range of tradable instruments could be more extensive, especially in terms of indices and commodities.

Also, global traders are faced with a higher-risk trading environment compared to their EU and Australian counterparts owing to oversight from the ‘red tier’ regulator, the FSC, and extremely high leverage which could lead to thumping losses.

FAQ

Is FBS Legit Or A Scam?

FBS is a legitimate online broker based on our investigations and first-hand experiences using its platform.

It has been operating since 2009 and is regulated by two reputable authorities, which indicates some level of stability. FBS also claims to segregate client funds, which protects them from being used for the company’s operations.

However, as with any broker, it’s essential to exercise caution and start with a small amount of money to test the platform and feel comfortable before committing more significant sums.

Is FBS A Regulated Broker?

FBS has regulation in some regions, but it also has drawbacks, such as limited oversight in other areas.

For instance, they are regulated by the highly regarded ASIC (Australia) and CySEC (Cyprus), which suggests a strong level of oversight, plus the FSCA (South Africa). Still, their Belizean regulation (FSC) is considered less stringent than most.

Is FBS Suitable For Beginners?

FBS is suitable for beginners. It offers a user-friendly proprietary trading app (in addition to MT4/5), educational resources, demo accounts, low minimum deposits, and no funding fees, which is ideal for new traders.

Does FBS Offer Low Fees?

FBS generally offers low fees. They don’t charge deposit, withdrawal, or inactivity fees; their spread costs are competitive, especially on forex and stocks.

However, you should compare their fees across all their accounts with other brokers to find the best deal for your specific trading style and volume.

Does FBS Have A Mobile App?

FBS has an excellent mobile app that allows you to trade various instruments directly from your mobile devices. It features real-time quotes, charting tools, and easy account management that performed well during our latest round of testing.

Additionally, FBS supports mobile versions of the MetaTrader 4 and MetaTrader 5 platforms, enabling you to access an advanced range of trading tools and features while on the go.

Best alternatives to FBS

The highest rated brokers that are most similar to FBS in Svalbard And Jan Mayen are Vantage and XM. Here is an overview of what makes them great options:

1. 1
   Vantage

   4.7 / 5

   Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.

   Visit Vantage Read review
2. 2
   XM

   4.8 / 5

   XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.

   Visit XM Read review

FBS comparison table

FBS compared with similar brokers

	FBS	Vantage	XM
Rating	4.3	4.7	4.8
Markets	CFDs, Forex, Indices, Shares, Commodities	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds	CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
Demo Account	Yes	Yes	Yes
Minimum Deposit	$5	$50	$5
Minimum Trade	0.01 Lots	0.01 Lots	0.01 Lots
Regulators	ASIC, CySEC, FSCA, FSC	FCA, ASIC, FSCA, VFSC, CIMA	CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
Platforms	FBS App, MT4, MT5	ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade	MT4, MT5, TradingCentral
Leverage	1:3000	1:500	1:1000
Payment Methods	18	16	12
Visit	Visit	Visit	Visit
Review	–	Read review	Read review

Compare trading instruments

Compare the markets and instruments offered by FBS and its competitors. Some markets may only be available via derivatives, and availability may vary by region and entity.

Instruments offered by FBS and similar brokers

	FBS	Vantage	XM
CFD	Yes	Yes	Yes
Forex	Yes	Yes	Yes
Stocks	Yes	Yes	Yes
Commodities	Yes	Yes	Yes
Oil	Yes	Yes	Yes
Gold	Yes	Yes	Yes
Copper	No	Yes	Yes
Silver	Yes	Yes	Yes
Corn	No	No	Yes
Crypto	No	Yes	Yes
Futures	No	Yes	Yes
Options	No	No	No
ETFs	No	Yes	No
Bonds	No	Yes	No
Warrants	No	No	No
Spreadbetting	No	Yes	No
Volatility Index	No	Yes	Yes

FBS vs other brokers

Compare FBS with any other broker:

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Customer reviews

4.6 / 5

Based on 19 FBS customer reviews submitted by our visitors. Have you traded with FBS? Please share your experience.

2

FBS is only good at taking your money. Deposits work instantly, but when it’s time to withdraw via bank transfer, it turns into a complete nightmare. My withdrawal is marked as completed in their system, yet the money never reached my bank account. Once FBS marks it completed, the funds are no longer accessible — they simply disappear. Support is useless and avoids responsibility. Extremely untrustworthy broker. Avoid at all costs.

Agim Kosovo December 17, 2025

5

This platform says fbs is recommended and currently TOP 3 brokers in my country. And I,m not even surprised 🙂 it can easily be number one. 🙂

A. Cuevas Colombia December 11, 2025

4

my gold and silver trades with fbs were fine. Spreads stayed tight, didn’t notice big ups and down during volatile moments.

decent and credible.

Chayo Mexico December 10, 2025

4

The FBS broker is suitable for intraday trading. Spreadds of 0.7 pips and 0 commissions is pretty good…

Nicolas Rocha Brazil December 8, 2025

5

yeah-i think,it’s close to 10 in ranking among,brokers.From my inetractions with them,CS was nice, and platfrom worked smoothly, i ran on mt5 with my fx pairs.

ArturB Brazil December 7, 2025

5

Simplicity is the best here, just demo or standard, can be one of these two LOL. I went the full road from demo to live trading, and I am glad I started with demo.

Komalat Chansiri Thailand December 2, 2025

5

In the context of day trading, I think fbs deserves attention. Spreads are lower than in majority of places, 0.7 is a starting spread, but I’ve seen even tighter on mt5 desktop, which ngl, they made a glitch free software.
Another thing, impressive about their offer, was leverage. For forex majors, they offered crazy leverage, 1:3000, which for sure I didn’t use, preferring to set it at an adequate 1:100 or 1:200.
In these aspects, the broker was leading for me. The rest features, of course not that top, but for usual trading for usual traders, I think it’s ok.

Mateo Mexico November 29, 2025

5

The fbs broker has been a good finding for me. No complaints about mt5 – speedy and secure.
I don’t need to worry about stuff like that anymore as it used to be with previous brokers😄

Nestor Delgadillo Peru November 27, 2025

5

My intraday executions are done with ease thanks to FBS platfrom.

I believe this is #1 for trader – exec speed and chart change reaction,

noo worries at all

Dacio Calzadilla Colombia November 25, 2025

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