- What is FBS?
- FBS Pros and Cons
- Is FBS safe or a scam?
- Market Instruments
- Deposits and Withdrawals
- Trading Platform
- Customer Support
Our Review Method
- 55Brokers Financial Experts with 10+ years of experience in Forex Trading review trading proposal including fees, platforms, trading licenses, contact customer service and place traders to see conditions and give expert opinion about FBS
What is FBS?
FBS is a popular Forex Broker and CFD trading platform founded back in 2009 by investors interested in trading research and technical analysis. At present, FBS is an international brand and has a presence in over 150 countries worldwide. The brand combines several companies and offers its clients opportunities to trade Margin FX and CFD.
FBS entities include FBS Markets Inc. (licensed by IFSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).
Being a regulated Broker, set by various legislation environments brought quite good trading capabilities with useful tools and authorized trading service, which push FBS development even better. Further in our FBS review we will cover its trading proposal conditions and see whether they are competitive.
FBS Pros and Cons
FBS operates for many years and provides a stable trading environment, there are good trading conditions on MetaTrader4 and 5, spreads are considered low based on our research also the education section is wide.
On the negative side, trading instruments are limited to Forex and CFDs and trading conditions vary in each entity, we recommend signing with European entity or Australian for better transparency.
|Long years of operation||Limited trading instruments|
|Globally recognized with multiple industry awards||Protective measures and trading conditions vary according to the entity|
|Low Spreads for Currency Trading|
|Active social campaigns
|Both MT4 and MT5 offered
FBS Review Summary in 10 Points
|🏢 Headquarters||Cyprus, Belize ad Marshall Islands|
|🗺️ Regulation||CySEC, FSC, ASIC, FSCA |
|🖥 Platforms||MT4, MT5, FBS trader|
|📉 Instruments||Forex, CFDs on Indices, Stocks, Cryptos, Metals and Energies|
|💰 EUR/USD Spread||0.9 pips|
|🎮 Demo Account||Unlimited basis|
|💳 Minimum deposit|| 1 USD for Global, 10 EUR for EU|
|💰 Base currencies||Several currencies available|
|📚 Education||Forex Education including Webinars, Videos and Forex TV|
|☎ Customer Support||24/5|
Overall FBS Ranking
With our Expert finds and overall review we consider FBS as an attractive opportunity for beginning traders or regular size traders. We found low fees for Currency trading, also any trader can start since deposit requirement in only 1$, and conditions are overal good.
- FBS Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
|Advantages||Low Spread||Low Deposit||Instruments|
FBS Alternative Brokers
Yet, we found some minor disadvantages found too, where offering mainly suitable for Forex trading, also international entity trading conditions are wider and are different along with the security measures applied. Besides, we found some trader reviews with issues detected about customer service and withdrawals. So it good to consider other brokers too, see our selection of Alternative Brokers below:
For the years of its quite successful operation FBS received over 60 international awards that recognize them as a Transparent Broker with Best Customer Service, which is actually some of the most rewarded Brands worldwide.
Is FBS scam or safe Broker?
No, FBS is not a scam, FBS is a brand name used by Tradestone Limited, which is a Cyprus-registered company, EU and MiFID-regulated investment firm registered with CySEC. Also, Broker obtained licenses from Australia ASIC and South Africa FSCA too.
However, an additional entity of FBS is located in Belize, which is offshore zone that do not really prove their reliable status on its own. Belize’s local regulator Financial Service Commission or FSC mainly just register companies rather than regulate them.
Yet, together with regulation from European CySEC it makes FBS a broker which compliant with regulatory requirements and therefore offers reliable trading conditions.
See our conclusion on FBS Reliability:
- Our Ranked FBS Safety Score is 8 out 0f 10 for good service along the years of operation. Also we saw before broker was operating in one of the entities, for now it acquire additional licenses and become a truly global broker with availability in many countries, which is definitely big plus. Yet, we advise open an account at FBS Europe or Australia for better safety.
|FBS Strong Points||FBS Weak Points|
|Regulated broker with long years of operation||Offshore entities in Belize|
|Negative balance protection
||Protective measures vary according to the entity|
|Broker constantly growing, added South Africa and ASIC licenses|
Is FBS Regulated? How are you protected?
Trading with a regulated broker that adheres to strict standards is the first and most important step before you sign in with any trading company. In this matter, FBS with its obtained license and compliance to MiFID directive in Europe and Australian one too follows strict rules towards money protection, while FBS keeps traders’ funds in segregated accounts, as well as enhances capabilities y Negative Balance protection.
- In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.
- Yet, conditions and protective mesures vary based on the entity alike South Africa FSCA does not provide compensation Scheme, and Belize does not provide any strict protecction, so we advise signing with branches that are better protected
Obviously, leverage levels increase your trading size by the possibility to multiply the initial balance bringing vast opportunities for higher gains. Yet, as usually happnes in Forex trading, offered leverage depending on some factors including trader level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions. Therefore based on our FBS finds:
- trading with a European entity you may maximum use 1:30 leverage for major currency pairs,
- Australian and South Africa entity allows lower maximum of 1:30
- International FBS offer high leverage ratios up to almost fantastic 1:1000 or even 1:3000 sometime
Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing your money rapidly. Since highest leverage involves a high risk of losing in parallel to its gaining option, which may be not the best option for very beginners as well. High leverage usually a priority of professional traders, which we also find available in European entity too.
While opening an account you may choose between Standard Account, Crypto Account and Cent Account, which we found with our research as a perfect option for beginners due to its much lower requirements and risks involved. See some of our finds below:
- The account types at FBS offer both demo and live trading accounts that give exactly what you may look for, regardless of the level of experience. Demo Account is very recommended for beginners and if you would like to test the FBS Forex trading environment.However, note since FBS operates through several entries EU one, Australian, South Africa and the International the conditions and trading proposals may vary.
- Alike, International traders can sign up with the alluring opportunity of 6 Account types, very high leverage of up to 1:3000, deposit bonus, cashback programs and much more. However, make sure you learn all the risks involved with high leverage and use of bonuses as well
|Fast account opening||Trading Account types vary according to FBS Forex entity|
|Easy switch between Demo and Live Accounts|
|Standard and Cent Accounts|
|Very low minimum deposit|
How to open a trading account with FBS
Eventually opening an account with FBS isn’t a very complicated process, as you will be guided through simple to understand steps, which are the following.
- Enter all the parameters of yours including name, email, Phone, etc
- You will receive a confirmation link to your email to follow the process
- Upon receiving access to your online account management you may start Demo Account at this stage
- Define the account type you wish to open and choose your base currency
- Specify your trading experience and expectations with the online questioner
- Upload proof of your address, identity, etc (As per regulatory requirements)
- Click Submit, allow a few working days to verify your documents and account
- Follow with money deposit
- Decide whether you want to trade FX products, stocks, or others and start trading
As for the trading insturment selection, we found good conditions for trading on Forex, Metals while all connected by split-second execution through the STP model.
- FBS Instrument Score is 7 out 0f 10 for good trading instrument proposal for Currency Pairs and CFD. However, we would note the range of instruments are rather limited as there are around 40 currency pairs, including exotic ones are offered and 6 Indices based on CFD trading, along with Metals and Energies. Also, conditions may vary based on entity.
- If you prefer trading Stocks, Futures or a wider range of instruments, you better then consider other brokers as well, check AvaTrade
What are FBS Fees?
FBS pricing is typically built into a spread, which means you will be paying spread for every order you take, plus consider overnight fees, inactivity fee and withdrawal fees if applicable. See the fees comparison table below.
- FBS Fees are ranked good with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Overal fees are good, some deposits and withdrawals are free of charge, but it worth to check conditions under which entityt you operate alike the available methods too.
|Fees||FBS Fees|| HotForex Fees ||BDSwiss Fees |
|EUR USD Spread||0.9 pips||1.2 pips||1.5 pips|
|Crude Oil WTI Spread||4 pips||5 pips||6|
|BTC USD Spread||30||30||2000|
Since there are two account types, you will have an option either to trade with a Standard spread Account starting from 1 pip, or while trading with Cent account be offered with tight spread.
- Thus, as we found on our tests typical spread on Standard account for EUR USD pair is 0.9, and Cent Account EUR USD spread is 3 pips.
- The international offering is slightly different since there are ECN accounts available with raw spread and commission charge per lot.
- You may see below more examples of some spreads and conditions, contract specifications and rollover below as well may compare FBS fees to another broker FP Markets.
Also, you should always count on the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio, which you may see as the example above or check directly from the platform.
- FBS Spreads are ranked low with overall rating 9 out of 10 based on our testing comparison to other brokers. We rank it as very good for Forex spreads which we found among lowest in industry, yet conditions vary based on entity
|Spreads||FBS Spreads|| HotForex Spread||BDSwiss Spreads|
|Deposit Fee||No ||No ||No |
|Withdrawal Fee||No ||No ||No |
|Inactivity Fee||Yes ||Yes ||Yes |
So in order to transfer into live trading you should obviously deposit money, in this regard we found FBS offering of a range of the most used and convenient payment options from an impressive range over 100 payment systems. However, this might be applicable for the international entity of FBS only, as the EU regulator demands strict money transfer policy as well.
- FBS Funding Methods we ranked Good with overall rating 8 out of 10. The Minimum deposit is among lowest, so you acn start with any ammount, also international trading supports numerous methods with low fees. Yet, top-tier jurisdictions provides mainly typicall methods like Bank Wire and Cards.
Here are some good and negative points for FBS funding methods found:
|FBS Advantage||Disadvantage Advantage|
|Fast digital deposits||Methods vary based on entiy|
|10$ as a first deposit||Europe and Australia provides only basic methods|
|Very wide range of supported methods for International entity|
|Multiple Account Base Currencies|
|0$ deposits and free withdrawals|
As we see there are numerous deposits options included in FBS offering. These include the most common ones available for the FBS CY entity and much more at its international branch.
- major cards Visa and MasterCard,
- e-wallets Neteller and Skrill
- Wire transfers
- Crypto wallets
Minimum deposit for FBS
FBS minimum deposit for Cent account is 10$ at the very beginning, good option for beginning traders. Standard Account yet demands only 100$ initial deposit so experienced traders may find their way with relatively small amounts too. For Crypto accounts users, minimum deposit is 1$ only.
FBS minimum deposit vs other brokers
||Most Other Brokers
How long does it take to withdraw money from FBS?
FBS provide good selection of withdrawal options and 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.
Withdrawal of money isn’t a complicated process, as you need to enter into your trading account management area and submit a withdrawal request. Typically FBS process withdrawals within 1-2 business days, however allow additional processing time for your payment provider.
As the majority of STP, technology-based and best Forex brokers, FBS mainstays at the high industry and provides a powerful platform to execute orders, through the market leader – MetaTrader4, also available to choose newer version MetaTrader5 and proprietary FBS Trader.
Scores & Availability of different platforms
- FBS Platform is ranked Good with overall rating 9 out of 10 compared to over 500 other brokers. We mark for offering popular MT4, MT5 also its own developed platform included, you can trade via FBS Tarder too, which we found simpler than MT4 but still powerful enough and is good FBS offers various alternatives for the platforms.
|Platforms||FBS Platforms||OctaFX Platforms||eToro Platforms|
Web Trading is very comfortable as you don’t need to download or install any software, simply by login online through a browser you may trade instantly, we found its available at FBS too. Yet, usually Web trader features fewer tools or customize parameters and is a rather simplified version of the platform.
MT4 is also available as a desktop platform which is more suitable for active trader and professionals due to its comprehensive add-ons and options.
Moreover, in case you will be trading with the international entity of FBS you will be offered also to use the upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading, which is great opportunity for FBS to select too.
Mobile Trading Platform
Of course all platforms feature mobile trading app, so you can stay trading under any circumstances and on the go.
Eventually, FBS Trader is a platform app that is a highly rewarded and regarded social trading platform that allows following trading professionals or strategies, which is a great option for investors or beginning traders to learn better.
Look and Feel
It is a fact that MetaTrader charting does not require introduction or recognition, as it is the most regarded design worldwide. MetaTrader is simple to navigate, overlook or research is packed with comprehensive tools and features, yet is very understandable even for the very beginners.
A solid platform MT4 delivers a wealth of features, advanced charting and customization along with auto-trading capabilities while available for PC or MAC, Android or iOS devices making it available at anytime or anywhere.
In addition to the good functions of the MT4 and MT5 as we found within the FBS Review, you can enjoy daily technical and fundamental analysis data that is streamed into the news section. Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and even trade with VPS service support.
FBS Customer Support
Another point to admit is the customer support FBS provides, you will find FBS Customer Support available 24/7 accessible either through live chat, international phone lines, email or even social media.
- Customer Support in FBS we rank Good with overall rating 7 out of 10 based on our testing. We found customer team quitee responsive, buut also found some negative reviews from the traders.
See our find and Ranking of FBS Customer Service Quality:
| 24/7 client support||Some negative experiences from traders|
|Quick response and Relevant answers|
|Live Chat, International Phone Lines and email supported|
With our opinion FBS education is good, there are numerous educational materials and programs organized by FBS that are designed to enhance trading capabilities, recognizing the importance of good knowledge in markets trading.
- At the FBS learning center you will find a range of Webinars, Forex Guidebooks, numerous Tips for traders, Video Lessons along with Glossary materials.
- OctaFX Education ranked with overall rating 9 out of 10 based on our findings all in all, FBS education is quite sustainable and well organized, also you will find other good tools including research and analysis at excellent level too.
Apart from the research tools that MetaTrader platform is packed with you may access additional information that FBS provides.
We found a well designed Forex Calculator right from the website, Economic Calendar to track the news and a currency converter for easy calculations. In addition, FBS provides in-house designed Daily Market Analysis and runs Forex TV, where all news and freshest updated stream right to the platform, which are definitely good point for trading knowledge.
FBS Review Conclusion
Our final though about FBS is good. The range of account types, platforms with advanced tools and convenient customer supports enables good trading conditions. Also, FBS adheres to popular and quite good reputation among traders, while also FBS actively participates in social activities. While the trading costs are among low for Forex instruments and provided FBS Markets execution model as an STP Broker is making good job on provided platforms too.
Based on Our findings and Financial Expert Opinion FBS is Good for:
- Beginning Traders
- Forex Traders
- Traders who prefer MT4 or MT5 platform
- EAs running
- Technical Trading
- Low Deposit Trading
- News Trading
- Traders with Variety of Trading Strategies
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If safety and regulation are something that really matters to you, then you’re in actual luck. As you can see right here in this review, FBS has regulatory licenses and blessings from the authorities to operate form all four corners of the world. The only jurisdiction the sphere of their regulations don’t cover is probably Antarctica.
But that does not matter. What really matters is that they have a great platform, so many awards and assets. I mostly do stocks and forex pairs, and it is just really good what sort of conditions you get, and how fast you can turn your capital into a money making machine that is just constantly churning out, giving you more ideas, and the platform gives you the ability to surf the markets.
This is my second year with FBS, and I am still very pleased!
Standard account – my choice, don’t offer something instead. It flawless.
I didn’t know that FBS was regulated by ASIC and the FSCA. If that is in fact true then I am very impressed by the hard work of the broker. I also believe that this review, although good, did not cover all the aspects. There is a lot more to say about the broker FBS.
This platform is excellent! It offers a user-friendly interface and great features for trading. By the way, can someone share experiences with the trading signals FBS provides?
FBS provides a wide range of trading account types, and their platform is easy to use and navigate. The customer support team is responsive and helpful. The bonuses offered by the broker are totally worth checking out, especially if you’re a new trader. Nonetheless, the educational resources could be more comprehensive. Overall, it’s a solid option for traders seeking a reliable broker.
Yes, educational resources aside, this broker takes the lead on all counts.
It seems to me that this company has done a great job in order to create such conditions. An environment that combines benefits and efficiency.
This company has a nice services and its quality is very fine. I like amount of assets to trade, overall trading conditions and a friendly customer service. the only issue I had was placing orders with delays, but that was a connection error on the side of my internet provider, so i don’t count this as a big one.
Judging by the first impressions I got from trading with this broker, it is a reliable company that strives for high quality services.
What about security at this broker? Is everything alright?
FBS cent account is a perfect alternative to a demo account for beginner traders. It has decent trading conditions, similar to other types of account. So that newbie won’t be confused when he’ll ultimately switch to Standard or Pro accounts.
It’s a top-tier broker that has recommended itself as a reliable partner in trading. I mean… mediator, but it also can be partner if you want to delve deep into affiliate marketing!
Global recognition and a catalog of various regulatory licenses of your broker are very important things especially if you are trading with an international community. FBS has both, so it means that the broker has the ideal grounds in order for us to meet on the same platform, and everybody feels safe with the coverage and safety.
Can I operate a pamm account with FBS?
And What is the minimum deposit for the pamm account?
Fbs is growing to my No1 worst broker, they claimed they have low spread which is a complete lie. There spread are manipulated in a way that it clears up your account
Remarkable! Its in fact remarkable piece of writing,
I have got much clear idea on the topic of from this
I have used FBS since 2016 and I’m happy with them. It ‘a true, that it takes less time to deposit in your account than withdrawing. I work for one of the biggest custodian bank and this is just the way it works.
I withdraw monthly (well not a big amount) without an issue.
But I have never had a bonus account and I know people have problems with that account.
am currently leveling up that 140$ bonus account,,how much were you given by fbs after successfully meeting all the conditions?
Withdrawals were very fast
hello good people!!
I started trading with the bonus the app gave me and I started having profits with out depositing any money in the platform.
so my question is can I withdraw the profit? please tell me whatchu know.
I found out what really makes FBS “Tick” and they are not as squeaky clean as they would have you believe.
Get a successful cent account to test a system and they will arbitrarily close it for no reason, maybe they d’ont want you to go live after all.
This Broker is is very unprofessional, customer service is very bad they are the exact opposite of what they advertise,they are professional scammers you will lose your money faster than you deposit it,stay away from them period or you will lose your money!!
Are you not misleading us here sir because, I believe it depends on you to trade safely with knowledge so that you do not blow your account. They keep money for you and you use it yourself to play your cards. The slower or faster to use up our balances depends on us!
hi Orapeleng are you making monhtly withdrawals too
I found out what really makes FBS “Tick” and they are not as squeaky clean as they would have you believe.
Get a successful cent account to test a system and they will arbitrarily close it for no reason, maybe they d’ont want you to go live after all.
I wont say FBS is a scam because they are a but they are really a real Broker. But they will try everything possible to get out of giving a bonus.
The only reason I still use them is because our laws in Australia have recently changed with leveraging.
My current complaint is with their Bonuses or lack thereof. They sent me emails promising 100% bonus if I deposited with them. It wasnt granted because the rules are you have to give a screenshot of the page you deposited from but I wasnt told this till after. So I let that go and deposited again this morning and again didn’t get it. I contacted live help and asked for the complaints department and he said there isn’t one but you can send me an email. After givijng 4 different reasons for the bonus denied I said ” Now you are conning me and I won’t have it. Im not sendind a complaint to the person I,m complaining about, I then said “what about admin department, I can email them, He said you are talking to admin.
I eventually said In that case I want to withdraw all my investments and move to another broker. He says. Anything else I can help you with Sir?..
I know better than to swear at them as this gives them the right to hang up on you.
S I admit I should have stayed with Pepperstone but as I said earlier Australia now doesnt offer any useful leverages. I have now joined ALPARI and hope I have better luck than rippoffs FBS
FBS so far i have almost 30 friend in FBS , withdrawl so far ok , every 3 weeks we will WD. so far so good, if u bank in by VISA, the payment slightly slow :2days to 7days depend on ur VISA bank, if u WD by internet banking , 2hours to 1day . had already do it almost 1 year .
I’m really surprised with the comments some people have made here, since I’ve operated with this Broker for 11 months and I have never had any problems to deposit or withdraw (on the contrary).
I’m still encouraged to trade with FBS.
Of course, I can only talk about your Standard and Cent account, since I do not have another type of account or its Bonuses because I prefer to operate with my money and thus select the conditions that best suit me
Can you suggest your broker to those had bad experienced maybe depends to broker if you say that your broker is good please refer to us and to others that had bad experienced thanks a lot
fbs is a scam cz traded their level up bonus n fulfilled all the conditions bt deducted my entire profit
I think is a scam because I deposited money now is the time to withdraw they want me to deposit another money $600 before I can get my profits
FBS is a scam, am saying this because, when you are depositing they don’t waste time and it takes less than 10 minutes but when you are to withdraw using thesame method for during deposit you’ll see different questions and annoying requirements before completing the withdrawal, the most fascinating thing is you will wait and wait until you panic and you won’t get the funds delivered
Am still waiting for my funds though I just did as a trial and they failed.
im happy with this broker , payment WD no problem , don have any issue . (from malaysia)
Which broker? Can you tell me if does it have international withdrawal fee for first timer?
FBS Ok?? many of them said FBS scam, tapi daripada malaysia, side they have no issue with FBS, its true?
How quick do you get your withdrawal back
Trust me, scam broker.
and happy if you can tell yuor strategy it is so difficult to trade good moste the time when ai put in one order the market is not moving ai dont get right asset only se when big moves has happend cind regards sven sweden
I invested with konx
fbs the brokeris MrRoss Sanders. Is he reliable?
I am just telling my experience. The withdrawal processe really sucks and sketchy because I have tried multiple times and all were rejected after trying to fulfill their requirement. They have plenty of reason and will try to delay when you seek for explanation. Please use other broker with better withdrawal process.
exactly..FBS you cant withdraw ..always have new rules to reject the withdrawal.. dont waste time with FBS..
make sure other traders aware of this
can i trade this broker with unlimited strategy?
Trust me u don’t wanna do that after putting 10K in this broker i learned it Shades… I lost and win and I got caught in the middle and yeah charts changes as well,,,,i Highly say this to U Don.t Be happy when u can easily trade….
I learned every thing from this broker,,,,,It/s not trust worthy
ohh and yeah when u withdraw it;s fast as well…..but when u didn’t get in time it will take till 3 weeks for ur return…….it;s sketchy,,,,but thank you for the lesson…..FBS for every thing….i\m having an income right now 10K every month from other broker where i started only with 13K,,,,,,,
Could you tell us which broker please?
hi ai live in suth of sweden and not find any good broker wath for a broker you have happy to get a real answer for a change your best sven city karlskrona
Can you please share your broker
May you please share the broker that your using currently. I’ve lost too much money I need to get it back .
Can you plz share your broker