- Low stock and stock index CFD fees and no inactivity fee
- Easy and fast account opening
- Excellent education services
- Slim product portfolio
- Few account base currencies
- No investor protection for non-EU clients
FBS is a well-established broker since 2009. FBS has a headquarter in Belize. FBS to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by Belize Financial Service Commission (FSC), CySEC and ASIC.
FBS is an international brand present in over 150 countries. Independent companies united by the FBS brand are devoted to their clients and offer them opportunities to trade margin FX and CFDs.
The company has been recognized for its remarkable achievements, such as:
- Over 90 international recognitions and awards.
- Home to over 27,000,000 clients.
- 7,000 new accounts are opened every day.
- FBS receives and processes one withdrawal request every 20 seconds.
- 80% of FBS clients remain loyal to the broker.
- 48% list trading revenues generated at FBS as their prime source of income.
- FBS serves clients in 150 countries.
FBS Summary
| 🏢 Headquarters | Belize city, Belize |
| 📆 Established | 2009 |
| 🗺️ Regulation | FSC, CySEC, ASIC |
| 🖥 Platforms | MT4, MT5, FBS App |
| 📉 Instruments | Forex, CFDs on Indices, Metals and Energies |
| 💳 Minimum Deposit | 5 USD for Global |
| 💰 Deposit Methods | Bank Wire, VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check |
| 📱 Mobile Trading | Available |
| 🌍 Web Trading | Available |
| 💵Minimum Trade Size | 0.001 |
| 🎢 Maximum Leverage | 1:3000 |
| 🌍 ECN | Unavailable |
| 🤖 Robots | Available |
| 🎯 Scalping | Allowed |
| ☎ Customer Support | 24/7 |
Account Information
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FBS is up to 1: 3000 Meanwhile, you can open an account with a starting capital of $5.
Fees
FBS does not offer ECN accounts, which means it operates on a commission-free model. Instead of charging trading commissions, the broker incorporates its fees into the spreads, which start from 1.0 pip and may widen based on the liquidity of the currency pair.
For Muslim traders, FBS provides swap-free accounts in accordance with Islamic principles, ensuring that no overnight rollover or interest fees are applied—aligning with religious requirements.
Additionally, FBS does not charge any fees for deposits or withdrawals, helping traders minimize their overall trading costs and making the platform more accessible and cost-effective for all user types.
Instruments Traded
Besides lots of currency pairs, FBS also offers some instruments you would like to trade on, such as Forex, Metals, Indices, Energies and Stock for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable selection of assets:
- 72 Forex pairs
- 8 metals
- 3 energies,
- 11 indices
- 474 stocks
- 5 crypto pairs
Payment Methods
FBS offers funding by credit cards, bank wires, and Skrill or Neteller. Deposits are processed as an instant with the exception of wire transfers. Withdrawal options are the same as deposit options and Forex traders are required to request a withdrawal with the same method the deposit was conducted.
There are no fees for withdrawals, but Forex traders may still face charged from the payment processor. Withdrawals through credit cards are processed by FBS within one business day, though other payment providers may have their own processing times: like bank wires within 48 hours and Skrill or Neteller requests between 15-20 minutes with a maximum of 48 hours.
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.
Hereby, FBS offers you FBS app, MetaTrader 5 and MetaTrader 4.
- MT4: While MT4 is available as a free download from FBS’s website and is compatible with Windows and Mac computers, the forex broker makes no effort to offer traders something which is not included with the standard operating license for the MT4 Trading Platform. Though the platform houses over many features, it should not be credited to what FBS offers. The platform’s only major drawback is social trading or copy trading remains absent as FBS once again sticks to its minimalistic approach.
Unique Features
FBS does very little outside normal operating procedures, but to prove that FBS is a serious contender for the trading industry, it manages to collect multiple awards.
Research and Education
FBS stands out amongst our forex broker reviews for its educational courses and research tools:
- Forex News: Traders get access to Forex news and have the option to filter the articles by commodities, currencies, stocks, and economy.
- Daily Market Analysis: The FBS Daily Market Analysis is broken down into technical analysis and fundamental analysis and may offer the best feature this broker offers. Forex traders can easily navigate the research. The fundamental analysis is a bit more detailed and offers Forex traders basic coverage of key topics.
- Forex TV: The Forex TV section is broken down into Weekly Insights, Daily Trading Plans, and Webinars, and FBS has spent the most attention on this part. The Weekly Insights section may be the most relevant which walks traders through important events as marked in the economic calendar. New traders may find the Daily Trading Plans to be useful, especially if they don’t have their own trading strategy developed yet.
- FBS Academy: New traders will find this course very useful and it is broken down into two sections: Beginner and Advanced. This may be the most beneficial feature to new traders who are serious about learning how to trade.
- Forex Webinars: FBS offers free webinars, but registration is required in order to participate.
- Video Lessons: FBS has made an effort to create interesting video lessons which are broken down into different categories.
- Glossary: A glossary can be accessed from the FBS website and some traders may revert to it in order to get clarity on certain terms.
Customer Support
Do you have any question or find any trouble related to FBS? If you do, you should reach FBS’s support to get the information that you need. Here is the detail of the broker’s customer support:
FBS customer support team is available at all times via e-mail, even when the forex market is closed. For the convenience of their clients, FBS has a multi-lingual support staff 24/7.
