FBS Review 2020

4.4

By 48 User Reviews

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Open Account

Your capital is at risk

Kate Leaman

Last updated: Aug 28, 2019

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FBS Markets is an online Forex and CFD broker located in Belize. The broker offers Forex, stock, CFDs and metals for trading on its platforms, which include the MT4 and MT5.

FBS Markets Inc. is a Forex and CFD broker that offers its services across the globe. The company was established in 2009 and since then, the brand has grown in size, capacity and technology. It offers currency pairs, CFDs, stocks and metals on its modern platforms. The broker website is available in 18 languages.

FBS boasts of 12 million traders from over 190 countries. They also claim that about 7,000 traders and partners’ accounts are opened every day.

FBS uses the hybrid broker model of Straight through processing (STP) and Electronic Communications Network (ECN). There is no dealing desk. They broker asserts that orders are passed directly into the systems of the liquidity providers at the actual market prices, so, requotes are impossible.

Pros	Cons
Broker is regulated by CySEC and the IFSC Access to investor compensation in case of broker fraud Comprehensive trader education Good variety of research tools Low capital requirements for account opening	Spreads are higher than many retail brokers Regulation of global brand is not as robust as the EU brand Leverage offered on global brand is too high (careful risk management is a must)

General Information

Official Site:https://www.fbs.com

Demo:Open Demo Account

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Max Leverage:1:3000

Publicly Traded:No

Deposit Options:Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer

Withdrawal Options:Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer

Tradable Assets:Currencies, Stocks

Trading Platforms:MT4, MT5

Commission on Trades:No

Fixed spreads:Yes

Trading Desk Type:ECN, No dealing desk, STP

OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading:Android, iOS

Accepts Us Clients:No

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FBS Video Review

Investor Protection & Regulations

“FBS is regulated by the IFSC in Belize and the CySEC in Cyprus. Investors’ are protected through account segregation, membership of the ICF and platform/website encryption using SSL.”

FBS Inc. is registered in the Marshall Islands. The registration number is 74825. fbs.com is operated by FBS Markets Inc which is the global brokerage arm of the company. FBS Markets Inc. is registered in Belize with the reg. no. 119771. It is authorized and regulated by the International Financial Services Commission (IFSC), Belize with the reg. no. IFSC/60/230/TS/18.

fbs.eu controls the European arm of the brokerage firm. It is operated by Trade Stone Ltd, a Cypriot investment firm located in Limassol, Cyprus. It is authorized and regulated by the Cyprus Security and Exchange Commission (CySEC) with the reg. no. 331/17. Click here for details.

As part of the regulatory directives, FBS keeps traders’ funds in separate bank accounts and do not use it for their own operations. This is done to keep traders’ investment safe even if the broker suffers a loss or becomes bankrupt.

The EU retail clients’ are protected by the Investors’ Compensation Fund (ICF) scheme. In case of broker insolvency, investors should receive compensations up to €20,000.

To protect its clients from fraudsters, FBS has implemented the standard digital security practice of encrypting its official website and platforms with a Secured Socket Layer (SSL). The SSL is provided by Rapid SSL.

Tradable Products

“FBS Markets offers 37 currency pairs, 4 metals, 3 CFDs and 32 stocks.”

Here is a list of the available tradable assets on the FBS Markets platforms.

Instrument Class	Number of Instruments
Currencies	37
Metals	4
CFDs	3
Stocks	32

Account Opening

“There are 5 types of accounts offered by FBS Markets. They are Cent, Micro, Standard, Zero spread, and ECN accounts. The account opening balances are $1, $5, $100, $500 and $1000 respectively.”

Only the Standard account is available to FBS EU clients. But international clients are offered 6 account types. This is to meet the needs of every category of trader. The following are the account types:

Cent account: This account is designed for tyro traders who wish to apply their skills on a live trading account. The opening balance is $1 and the leverage is up to 1:1000. The floating spreads start from 1pip.
Micro account: This account is designed for traders who wish to calculate their exact profit. The opening balance is $5. Fixed spread starts from 3 pips and leverage is up to 1:3000.
Standard account: The initial opening deposit is $100 and the maximum leverage obtainable is 1:3000. The floating spread starts from 0.5 pips. For EU clients, the account opening balance is €100 and the spread starts from 1pip. The maximum leverage is 1:30.
Zero spread account: This account is created for traders who desire to trade at a fast speed without spread charges. Commissions are paid and it starts from $20/lot. Leverage is up to 1:3000 and the initial deposit is from $500.
ECN account: This account is designed for traders who wish to experience the power of the ECN technology. The floating spread starts from 1 pip and the opening balance is $1000. Commission is charged at $6 and the leverage is 1:500.

Demo Account: FBS provides a demo account for all the account types. This enables traders to simulate the actual trading platforms and markets in a risk free environment. The demo account is preloaded with virtual funds as desired by the trader and it can be up to one million dollars.

To open an account, click on the “Open an account” button on the top right hand side of the website.

Fill the form and verify your email and phone number. Alternatively, registration can be done via Facebook or Google account if you already have any of the accounts. After email verification, the account is opened and you are automatically logged into the members’ area. Download and install the trading platform.

Select the FBS server and login with the credentials provided.

More real or demo accounts can be opened from the members’ area. Deposits can be made and trading can commence.

FBS does not provide its trading services to residents from Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

Deposit & Withdrawals Options

“Credit/debit card, Neteller, SticPay, Skrill, Perfect money and Bitwallet are the acceptable payment options. There are withdrawal fees payable”

In line with the Anti Money Laundering (AML) regulations, FBS markets insist that all accounts must be verified. The account name on the source of funds must match the FBS account name. No cash or cheque deposits. FBS only accepts electronic and card payments. No bank transfers. All deposits are instantly processed but withdrawals take up to 48 hours for complete processing.

Here are the payment options available:

Credit/Debit Card: Visa and Master cards are accepted. A deposit commission of 3.6% is charged but FBS reimburses the commission leaving the client to pay 0% charges. The withdrawal commission is $1.
Neteller: The minimum deposit amount is $10. A commission of 3.9% is reimbursed by FBS, so clients do not pay deposit fees. For withdrawals, the commission is 2%; minimum of $1 and maximum of $30.
SticPay: The minimum balance is $3 and the commission is 2.5% + $0.3 for both deposits and withdrawals.
Skrill: The minimum deposit is $10. The withdrawal commission is 1% + €0.29.
Perfect Money: There are no limits on deposits and withdrawals. The withdrawal commission is 0.5%
Bitwallet: There are no commissions on deposits. The accepted currency is JPY.

All deposited funds reflect into the FBS trading account instantly. There are no reported cases of deposits that are lost in transit.

Web & Desktop Trading Platforms

“The MT4 and the MT5 trading platforms are provided for trading the assets.”

The following trading platforms are provided by FBS Markets:

• The MT4 trading platform: This platform is the de facto trading platform among forex traders all over the world. It is equipped with all the necessary tools to suit all trading styles, strategies and systems. It also supports the use of Expert Advisors (EAs) to automate Forex trading. FBS provides the MT4 in all its forms. This includes the online web version, MT4 Multiterminal, downloadable desktop version for windows and MAC OS as well as the mobile versions.

Features include:

With WebTrader trade directly via a browser

Compatibility with Windows, MacOS, Linux
Security enabled
All types of trading orders
One Click Trading
30 indicators and 24 graphical objects for technical analysis
9 time-frames, from one minute to one month
Real-time quotes
Trading history and log
Automated trading through Expert Advisors (build your own or upload)

The MT5 is the newer version designed to replace the MT4. It is even more powerful and sophisticated than the MT4. It supports all the features of the MT4 and even extends some of them. It has more indicators, timeframes and drawing tools for technical analysis. It also supports trade automation using forex robots. FBS provides the WebTrader version of the MT5, the downloadable desktop applications for MAC OS and windows PC and also the mobile versions.

Features include:

Tools for technical and fundamental analysis.
MetaTrader 5 can trade automatically by using trading robots and trading signals
An advanced Market Depth feature (with a tick chart and Time & Sales information)
The support of all types of trading orders and execution modes.
One Click Trading function and the Market Depth option
The Stop Loss and Take Profit options
100 charts can be opened in the platform at the same time.
21 time-frames, from one-minute to one-month.

Mobile Trading Platforms

“The FBS Trader, the MT4 and the MT5 apps are the mobile trading platforms provided by FBS Markets. The apps are designed for the android and iOS mobile devices.”

FBS Trader: This is the proprietary mobile trading platform designed by FBS to give traders a simple but efficient way to trade on the go. It is optimized for speed and functionality. The FBS trader is designed for the Android and iOS and it is downloadable from their app stores. Here are some of its features:

Instant access to account management, including deposits and withdrawals.
Live quotes and real time charts.
Direct access to the support team on a 24/7 basis.
Access to trade multiple instruments in real time.
Access to detailed order information.

The MT4/MT5 mobile apps: These are trading apps designed by MetaQuotes Software; a Russian company that designs forex trading softwares. The apps are simple yet sophisticated for complete analysis and monitoring the markets. Both the MT4 and the MT5 are separately designed for the iOS and android operation systems. The apps can be downloaded from their respective app stores.

Here are some of the features of the apps:

Simple interface, user-friendly and easy to use.
Real-time market quotes.
Order management functions including history, SL and TP.
Account management.
Technical analysis using charts, technical indicators and annotation tools.

Trading Features

“FBS provides the “CopyTrade” which is a social trading platform. The MT4 Multiterminal, Fix Rate and VPS are other tools provided to aid the trader.”

FBS CopyTrade Platform:

This is a social trading platform where traders can automatically replicate the strategies and trades of professionals. CopyTrade enables rookies to trade and make profits like a pro. FBS provides a list of pro traders displaying their profiles, success rate, number of copiers and commissions charged. A trader can then check the statistics of professionals and from there choose whom to copy. On the other hand, pro traders set up their accounts to allow copy trading and specify a commission percentage. This can serve as a major source of income for the pro traders as they can earn huge commissions from hundreds of copiers. FBS CopyTrade has an android and iOS app which can be downloaded and installed from their app stores.

MT4 Multiterminal:

This is the MT4 platform for multiple account managers. It is downloadable from the FBS website as a desktop application for windows PC. It is used to place trades and manage several client accounts at the same time.

Fix Rate:

Once this feature is enabled, it cannot be disabled. It allows clients to deposit and withdraw funds at a fixed rate irrespective of what the exchange rate is.

Virtual Private Server (VPS):

Some traders require VPS for stable internet connection, protection from power interruption and for general smooth running of EAs and other trading systems. FBS provides a free VPS server to its clients that meet the conditions of depositing at least $450 and trading at least 3 lots per month.

Commissions & Spreads

“FBS Markets charge its clients from the spread for most account types. But, commissions are charged only on Zero spread and ECN accounts.”

Find below the asset symbols and the typical spreads charged on the FBS platforms.

SYMBOL	TYPICAL SPREAD	SYMBOL	TYPICAL SPREAD
CURRENCIES		USDRUB	100
AUDCAD	5	USDTRY	10
AUDCHF	7	USDZAR	20
AUDJPY	3	STOCKS
AUDNZD	6	AIG	3
AUDUSD	0.8	ALCOA	3
CADCHF	2.3	ALIBABA	3
CADJPY	4	AMAZON	3
CHFJPY	7	APPLE	3
EURAUD	11	AT&T	3
EURCAD	6	BAC	3
EURCHF	7	CISCO	3
EURGBP	1.5	CITIGROUP	3
EURJPY	3	COCA-COLA	3
EURNZD	7	DISNEY	3
EURUSD	1.1	EBAY	3
GBPAUD	5	FACEBOOK	3
GBPCAD	7	FORD	3
GBPCHF	7	GE	3
GBPJPY	4	GM	3
GBPNZD	6	GOOGLE	3
GBPUSD	0.9	HP	3
NZDCAD	5	IBM	3
NZDCHF	3.4	INTEL	3
NZDJPY	2.2	JPM	3
NZDUSD	4	MASTERCARD	3
USDCAD	3	MCDONALDS	3
USDCHF	7	MICROSOFT	3
USDJPY	2	NETFLIX	3
CNHJPY	24	NIKE	3
EURCNH	2	NVIDIA	3
EURTRY	5.5	ORACLE	3
USDBRL	1	PEPSICO	3
USDCNH	1.5	PFIZER	3
USDMXN	10	TESLA	3
METALS		VISA	3
Platinum	240	WALMART	3
Palladium	240	CFD
XAGUSD	2	BRN	2
XAUUSD	10	DAX30	2
		WTI	2

*The above list was taken from www.FBS.com and is correct at the time of writing. The list is subject to change without prior notice.

Bonus & Promotions

“The bonuses available are: ‘Get a car from FBS’, Trade 100 bonus, 100% deposit bonus and cashback. The contests available are: ‘FBS makes your dreams come true’ and FBS Pro”

FBS EU clients are not offered any promotions, contests and bonuses. This may be due to the stringent regulations from CySEC. However, FBS international clients are offered the following promotions:

Get a Car from FBS: This is a promo where FBS rewards clients with exotic cars. The promo comes up periodically. The website contains the list of the previous winners and their cars.

Trade 100 Bonus: FBS gives new traders a capital of $100 to start their forex/CFD trading journey. There are terms and conditions.

100% Deposit Bonus: FBS clients have the opportunity to double their deposits with this bonus. Just fund your account and activate this bonus.

Cashback: This bonus can be activated in the members’ personal area. FBS gives traders a cashback of up to $15 per lot traded within a month.

Several contests have come and gone. FBS keeps encouraging its clients with periodic contests. The following Contests are currently available on the website:

FBS makes your dreams come true: This is a monthly contest where FBS grants the wish of a trader. Clients are encouraged to share their dreams on Facebook and tag two friends. Every month, FBS chooses the most outstanding dream and fulfill it. A list of winners is published monthly.

FBS Pro: This is a demo account trading contest. New traders are required to earn the greatest profit on demo accounts within two weeks. 5 winners emerge with prizes are as follows:

1st prize; $450

2nd prize; $250

3rd prize; 150

4th prize; 100

5th prize; $50

FBS holds a monthly “Dreams Come true” contest, which is a charitable project aimed on helping people get one thing that can change their life for the better.
Participants need to share their most sincere and original wish on FBS Facebook page. There are no restrictions for the wish except for one thing: they’re not supposed to ask for money.

Every month, FBS team picks the most touching and life-changing dream and makes it come true. Over the years, the company gave away motorbikes, gadgets for trading, domestic appliances, a romantic trip, and even a cow.

Participation is free of charge – even for those who are not FBS clients yet. The contest has been on for years now and attracts lots of people from month to month.

Customer Support

“The customer support desk is available 24/7 on the various chat platforms like instant web chat, Facebook messenger, telegram and viber. Social media channels are Facebook, YouTube, twitter and Instagram. ”

The FBS Markets helpdesk operates round the clock. The broker proudly states that its customer support is available 24/7 in your native language. The following support channels are available:

Chat: This feature is available via different channels such as: instant web chat, facebook messenger, telegram and viber.
Email:The EU zone has an email support desk: info@fbs.eu
Phone Number: Help desk + 357 2531 3540
Fax Number: Help desk + 357 2531 3541
Call back: This form is used to schedule a call back. Just fill your phone number and preferred time of call. An FBS customer representative will call you back.
Social Media: The following social media channels are available:
- Facebook.com/FBS Markets Inc
- instagram.com/fbs_forex
- Twitter.com/FBS_news
- YouTube.com/FBSforex
- https://t.me/fbsonlinetrading

The chat support assistants are efficient. It took between 30 seconds to 3 minutes to get a response from the various chat platforms. The social media handles are active and regularly updated.

Research

“The economic calendar, currency converter, Forex news, daily market analysis and forex TV are some of the research tools provided by FBS Markets to assist the trader in making his daily trading decisions.”

The following research tools are provided:

The Economic calendar: This is a list of important economic events from around the world that are expected to have an impact on the market. The FBS economic calendar shows the expected impact level and the assets affected as well as history. This is important for fundamental analysis.

Forex Calculators: This tool is used to calculate the expected profit in a trade.
Currency Converter: This tool is used to convert one currency to another using the market exchange rate.
Forex news: This comes up every market day on the website. The news updates the trader about the financial market prices, policies and general economic activities. It covers a range of asset classes including commodities, currencies, stocks and economy.Forex Calculators: This tool is used to calculate the expected profit in a trade.Currency Converter: This tool is used to convert one currency to another using the market exchange rate.

Daily Market analysis: This feature details the technical and fundamental analysis for the Forex and CFD market. The analysis is done by FBS experts and posted every week day. The technical analysis is small snippets together with a chart and the fundamental analysis is a really detailed look at the market events and geopolitics affecting the assets.

Forex TV: This consists of videos created to give traders a daily plan as well as weekly insights. This is an excellent way to stay updated on the markets.

Trader Education

“The education centre provided by FBS has the Forex Guidebook, tips for traders, Forex books, webinars, seminars, video lessons and a glossary.”

The following educational content is provided:

Forex Guidebook: This is a comprehensive trading course arranged into beginner, elementary, intermediate and experienced level courses. The course consists of written articles professionally arranged and presented. You can work your way through the levels and the course is comprehensive enough to cover all the key fundamentals of trading for each level, including all of the main trading strategies to know.

Tips for traders: This section of the education centre contains important strategies and lessons on some selected areas of trading.

Forex Books: These are a library of books recommended by FBS to its clients. There are over 100 books. Each book has a webpage introducing the contents and benefits of reading it. Most of the books can be bought from www.amazon.com.

Webinars: These are periodically announced on the FBS website. All participants must preregister before the event. All webinars are free.

Seminars: Occasionally announced on the website, the date, venue and language is published. Seminars give clients the opportunity to receive face to face trainings from FBS resource personnel.

Video Lessons: These are a series of short and precise videos. There are 22 videos on forex trading, 6 on MetaTrader and 9 videos on FBS services.

Glossary: A glossary of major forex terms is provided. It has about 29 terms only. Each term has its own webpage where an article is written about the term explaining its meaning and full details.

Trading Experience

“FBS Markets is a broker that has excellent services for all trader levels and experience. It is suited for all trader classes and styles of trading.”

FBS has been in the brokerage industry for about 10 years. The brand’s trading services and many other services are designed to encourage every type client from beginner to pro. The FBS brokerage services are best for all trading strategies.

The MT4 and MT5 platforms provided are suitable for complex strategies and sophisticated trading styles. Expert traders are presented with all the necessary tools needed to remain successful. Market news and analysis are provided to keep the trader updated and informed. This covers all main asset classes. There is also some amazing educational features including a well written course.

New traders can choose the FBS CopyTrade to earn from copying experts. They can also use the education centre to learn, participate in demo contests and promotions. Traders with small capital can start from the cent account or trade for free with the $100 from the “Trade 100 bonus”. FBS is best for beginners, and intermediate-level traders.

FAQ

Here are some of the “Frequently Asked Questions” about FBS Markets:

Where is FBS Markets based?

The FBS Markets broker operates from Belize and Cyprus.

How does FBS Markets make money?

FBS Markets makes money from spread charges and commissions. The broker is a no dealing desk ECN and STP broker, meaning it passes on the trades to third party liquidity providers or the electronic communications network.

How do I deposit in FBS Markets account?

The payment options accepted are: Credit/Debit Cards like Mastercard, visa card and the ePayment portals such as Neteller, Skrill, SticPay, Perfect Money and Bitwallet.

What is the min. deposit for FBS Markets?

The minimum deposit is $1.

What is the maximum leverage in FBS Markets?

Maximum leverage is 1:3000 (global brand) and 1:30 (EU brand).

How do I open an account with FBS Markets?

Click the “Open an account” button found on the top right hand side of the website.

Does FBS Markets use MetaTrader?

Yes, the MT4 and MT5 are provided to all clients.

Conclusion

FBS Markets is a Forex and CFD broker that has been in operation for ten years. It is regulated by the CySEC and IFSC. The brand has implemented several security measures to protect clients and their investments.

FBS provides the MT4 and MT5 trading platforms as WebTrader, desktop applications and mobile applications. These platforms are perfect for every trading style, strategy and all levels of traders Social trading is also available for all clients who wish to copy trades or allow their trades to be copied.

A comprehensive education centre is provided for all traders. Trading tools are equally available. Several contests and promos are periodically live on the FBS website to encourage, excite and assist traders.

Here are the main features of trading with FBS:

It is a CySEC regulated broker.
Well experienced broker with a huge customer base.
Complete trader academy, tools and analytics.
Low trading capital ($1) and very high leverage (up to 1:3000)
Cutting edge platforms which include MT4 and MT5.

Official Site >

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DEMO ACCOUNT

Your capital is at risk

Top User Reviews

See All User Reviews

4.4(48)

FBS Overall Rating

FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.

Latest 5 user reviews sorted by highest rating

Ashutosh Nazare

Dec 10, 2019

5/5

Reliability:

5/5

Platforms:

5.0

Assets:

5.0

Support:

5.0

Reliable & Trusted

I have opened account with FBS & Document verification done within few time. Also i made withdrawal request & i have received withdrawal within half hour. Live Chat & Support Center response is also fast. FBS is overall good for trading, withdrawal & currently they are offering Trade Bonus & Deposit Bonus. Thank You FBS

Playful Kingdom

can i trade with penny stocks?

Jan 10, 2020

Ole Os

Aug 28, 2019

5/5

Reliability:

5/5

Platforms:

5.0

Assets:

5.0

Support:

5.0

Olymp Trade

La seguridad impresiona. Olymp Trade es una empresa segura de verdad, puedes confiar sin miedo. el fondo de las garantías es 20000 dólares

Ole Os

Aug 28, 2019

5/5

Reliability:

5/5

Platforms:

5.0

Assets:

5.0

Support:

5.0

. Olymp Trade

La seguridad impresiona. Olymp Trade es una empresa segura de verdad, puedes confiar sin miedo. el fondo de las garantías es 20000 dólares

Tibisay Ramos

May 10, 2018

5/5

Reliability:

5/5

Very Trustable

I like the learning materials they have and the analytics. I have got a 50$ bonus and so far so good. I withdrew my first earnings with no problem at all.

lina mohamad

May 03, 2018

5/5

Reliability:

5/5

very trusted broker

there is many actual reasons to keep trading with FBS GREAT offers ,my favorite is get i-phone as an extra gift for trading so patient support ,which i need all the time fast withdrawal ,the most important for me

Your capital is at risk

Specs

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