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FBS Review 2021

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FBS Main Features
☑️
Regulations
ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), IFSC (Ireland)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Japanese, Thai, Korean, Indonesian, Turkish, Vietnamese, Malaysian
💰
Products
Currencies, CFDs, Stocks
️💵
Min Deposit
$1
💹
Max Leverage
1:3000 (ASIC), 1:3000 (CySEC), 1:3000 (FSCA), 1:3000 (IFSC)
🖥
Trading Desk Type
ECN, No dealing desk, STP
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FBS Full Review

“FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Cryptos, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage, copy trading services and a range of bonus promotions.”

FBS was established in 2009, and it boasts a presence in more than 150 countries with 17 million traders and 410,000 partners. FBS is an official trading partner of FC Barcelona and an official principal partner of Leicester City.

FBS is a brand name of FBS Markets Inc which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Financial Sector Conduct Authority in the Republic of South Africa (FSCA). In the EU and the UK, FBS is operated by Tradestone Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). In Australia, FBS is operated by the Intelligent Financial Markets Pty Ltd with the Australian Securities and Investments Commission regulation (ASIC).

Users from the countries under IFSC and FSCA regulations are offered six different trading accounts called Cent, Micro, Standard, Zero Spread, ECN, and Crypto. Each account comes with different features and benefits such as the ability to trade commission-free with floating or fixed spreads or commission based on ECN account conditions, and with a maximum leverage of 1:3000 depending on account type.

Users from the EU and UK can open Standard and Cent accounts with up to 1:30 leverage as well as Pro Standard and Pro Cent accounts with leverage up to 1:500. They can also open Crypto account with the initial deposit of $1. For users from Australia and other countries under ASIC regulation, FBS offers the following accounts: Standard, Cent, and Ultra with zero spread. Each account offers maximum leverage of up to 1:30. Demo accounts are available for traders from any country of FBS presence as are Crypto Accounts. This allows you to open a USDT (Tether) based Crypto Account to trade on more than 100+ digital currencies.

FBS offers the ability to trade on multiple asset classes covering CFDs on Forex and Stocks, Indices, Metals, Energies, and Crypto on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android and iOS operating systems. Moreover, clients from the countries under IFSC, FSCA, and CySEC regulations have an opportunity to trade in FBS Trader app, all-in-one trading platform. Clients from the countries under IFSC and FSCA regulations can also access copy trading services via the FBS CopyTrade app.

FBS also provides access to free educational materials in different formats such as articles, videos, webinars, seminars, email courses, and books. There are lots of bonuses, trading contests, and promos for traders from the countries under IFSC and FSCA regulations. Users can contact the broker 24/7 via callback, chatbot, live chat, email, and other mediums such as Telegram and Facebook messenger.

Pros: Cons:
  • Commission-free trading available.
  • Different regulations – CySEC, ASIC,
    IFSC and FSCA.
  • ECN accounts available.
  • Variety of trading platforms –
    MetaTrader 4, MetaTrader 5 and FBS
    Trader.
  • FBS CopyTrade available for traders and investors.
  • Fast customer live chat service.
  • Wide range of deposit methods
  • Limited number of instruments: 125 (ASIC, IFSC and FSCA regulations) or 94 (CySEC regulation).

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

 

FBS Video Review

Investor Protection & Regulations

“FBS is a brand name of FBS Markets which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize, as well as the FSCA, CySEC and ASIC.”

FBS is a brand name of FBS Markets which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize, as confirmed on the IFSC register below:

The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Tradestone Ltd, license number 331/17:

FBS in Australia is operated by Intelligent Financial Markets Pty Ltd, which is regulated by the Australian Securities and Investments Commission (ASIC), and holds an Australian Financial Services license under the number 426 359.

According to the Terms and Conditions of FBS Markets, the broker does provide additional security in the form of negative balance protection with the exception of some special cases. The FBS entities regulated under CySEC and ASIC segregate client funds from their own as a regulatory requirement but this is not mentioned in the FBS entity regulated under the IFSC.

FBS Markets Inc does not provide services to Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

Tradable Products

“FBS offers users the ability to trade on 100 financial CFD instruments covering Forex, Indices, Energies, Cryptos, Metals and Stocks.”

FBS offers users the ability to trade on 100 financial CFD instruments covering Forex, Indices, Energies, Cryptos, Metals and Stocks.

Below is a list of just some of the available markets for trading:

Forex Stocks Indices
AUDNZD Apple DAX 30
EURUSD Ford NASDAQ
GBPJPY Microsoft S&P 500
Cryptocurrencies Metals Energies
Bitcoin XAUUSD WTI Crude Oil
Etherum XAGUSD Brent Crude Oil
Litecoin Palladium

* Details regarding the available assets are taken from the FBS website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened and are covered further down this review.

Account Opening

“FBS offers six different trading accounts called Cent, Micro, Standard, Zero Spread, ECN, and Crypto. Each offers different features and benefits. Users can also open a demo trading account and swap-free accounts are also available.”

FBS offers six different trading accounts called Cent, Micro, Standard, Zero
Spread, ECN, and Crypto with the first five highlighted below:

Each account comes with different features and benefits. For example, the Cent, Micro and Standard account are commission-free. Each of these offers fixed or floating spread options and different minimum initial deposits from just $1 to $100.

The Zero Spread Accounts offers a fixed spread of zero pips with a high commission from $20 per lot, as well as high leverage of 1:3000. Users can also access the ECN account which has the highest minimum deposit of $1,000 with commissions of $6 per lot, floating spreads from 1 pip and maximum leverage up to 1:500.

You can also open a brand new Crypto Account:

  • Live and demo Crypto accounts
  • Base currency USDT (Tether)
  • Leverage: 1:5 (depending on jurisdiction)
  • Commission (opening) = 0.05%
  • Commission (closing) = 0.05%
  • Trade 100+ digital currencies Bitcoin, Ethereum, Litecoin, etc.

To open an account, users simply need to click on the Open Account button on the broker’s webpage. This will then take the user to a registration page which requires email, full name and acceptance of the Customer Agreement. After this users will be able to choose their MetaTrader trading platform version, the account currency (USD or EUR) and leverage. Users will then receive instant access to their login details and be taken to the FBS personal area.

In the personal area, users can manage their trading accounts, download trading platforms, deposit and withdraw funds and access different bonus and promotional offers (available only for clients from the countries under IFSC and FSCA regulations). To activate the full features provided by FBS, users will also need to confirm their phone number and identity as standard AML and KYC procedures.

Deposit & Withdrawals options

“FBS offers a wide variety of deposit and withdrawal methods such as credit/debit card; wire transfer, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, crypto wallets, local banks, local payment systems, and local exchangers. Most deposit methods are fee-free, while withdrawal fees can be reimbursed by FBS.”

FBS offers a wide variety of deposit methods which include Visa, Neteller, SticPay, Skrill, Perfect Money, crypto wallets and BitWallet. All of these methods are fee-free, instant deposits with the exception of SticPay (2.5% + $0.3 Commission) and Perfect Money which may apply a commission. Deposits can be made in EUR and USD, and JPY via BitWallet.

FBS offers a wide variety of deposit and withdrawal methods, which include as credit/debit card; wire transfer, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, local banks, local payment systems, and local exchangers.

In some cases, commission may depend on the deposit and withdrawal method as well as regulation.

More details regarding deposit and withdrawal fees for each regulations can be found on the broker’s website

Web & Desktop Trading Platforms

“FBS offers users the ability to trade on the globally recognised MetaTrader 4 and MetaTrader 5 trading platform for PC, Mac and Web.”

FBS offers a wide variety of trading platforms suitable for both beginner and advanced traders to trade on multiple asset classes.

FBS MetaTrader 4 Desktop

The FBS MetaTrader 4 trading platform is available for Windows and Mac and offers features such as:

  • Streaming news
  • 1 click trading
  • 50+ indicators and charting tools
  • Built-in help guides
  • Expert advisors for automated trading

FBS MetaTrader 5 Desktop

The FBS MetaTrader 5 trading platform is available for Windows and Mac and offers features such as:

  • Multiple order types
  • 1 click trading
  • 80+ inbuilt indicators and objects
  • 21 viewable timeframes
  • Multi-asset class trading experience

FBS MetaTrader 4/5 Web Trader

FBS offers the ability to trade on the MetaTrader 4 and MetaTrader 5 Web Trader platform. This requires no download and the ability to trade on multiple asset classes with access to one-click trading options.

The FBS MetaTrader platform is covered in more detail in the video review. A screenshot of the FBS MetaTrader 5 trading platform for Windows desktop download is shown below:

Mobile Trading Platforms

“FBS offers users the ability to access mobile trading on the go from the MetaTrader 4, MetaTrader 5 and FBS Trader mobile trading apps for Android and iOS systems.”

FBS offers users the ability to access mobile trading on the go from the MetaTrader 4, MetaTrader 5 and FBS Trader mobile trading apps for both Android and iOS systems. The app download links can be found on the broker’s website, the client portal area or in the Google PlayStore or Apple AppStore.

The FBS Trader mobile trading app offers the ability to:

  • Trade multiple asset classes
  • Access your trading history 24/7
  • View real-time prices
  • Edit and manage orders
  • Trade a multitude of assets

The FBS Trader mobile trading app is covered in more detail in the video review.

Trading Features

“FBS provides additional trading features through offering VPS servers and MetaTrader 4 MultiTerminal. The broker also offers the FBS CopyTrade app. This allows users to follow other traders, as well as allowing traders to provide copy services.”

FBS provides users with the ability to use the FBS CopyTrade app. This allows users to copy the trades of other traders. It also allows traders to share their trades with investors while getting paid a fixed 5% monetary award. The opening and managing of this account can be done directly from the personal area once logged in.

Commissions & Spreads

“Trading costs with FBS vary depending on the market being traded and the account type opened. The Cent, Micro and Standard account offer commission-free trading with fixed or floating spreads. The Zero Spread and ECN account offer commission-based trading.”

Trading costs with FBS vary depending on the market being traded and the account type opened. Here are the options available for clients from the countries under IFSC and FSCA regulations:

ACCOUNT COMMISSION SPREAD
Cent Account $0 Floating from 1 pip
Micro Account $0 Fixed from 3 pips
Standard Account $0 Floating from 0.5 pips
Zero Spread Account from $20 per lot Fixed 0 pip
ECN Account $6 Floating from -1 pip
Crypto Account 0.05% for opening and 0.05% for closing positions Floating from 1 pip

For clients from the EU and UK, these options are available:

ACCOUNT COMMISSION SPREAD
Cent Account $0 but may be charged on some instruments Floating from 1 pip
Standard Account $0 but may be charged on some instruments Floating from 1 pip
Crypto Account 0.05% for opening and 0.05% for closing positions Floating from 1 pip

For clients from the countries under ASIC regulation, there are the following options:

ACCOUNT COMMISSION SPREAD
Cent Account $0 Floating from 0.6 pips
Standard Account $0 Floating from 0.7 pips
Ultra Account AUD 8.12/USD 6/EUR 5 per lot Floating from 0 pips

The broker also provides detailed minimal and typical spread information and swap information for each account type and asset class being traded on its website, as shown below:


FBS Forex Spreads

Bonus & Promotions

“FBS, regulated by the IFSC of Belize and FSCA of RSA, provides access to a range of different bonus and promotion offers.’’

FBS Markets, regulated by the IFSC of Belize and FSCA of RSA, offers a range of bonus and promotion offers which include:

  • FBS 12 Years
  • FBS League
  • Level Up
  • 100% Deposit Bonus
  • Cashback

More details on each of these bonuses and promotions can be found on the broker’s website.

Customer Support

“FBS offers customer support 24 hours a day, 7 days a week via a Callback service, Chatbot online Live Chat, Telegram, Viber and Facebook Messenger in a variety of languages including English, Spanish, French, Vietnamese, Arabic, Hindi, Chinese, Japanese and more.”

FBS offers customer support 24 hours a day, 7 days a week via a Callback service, Chatbot, online Live Chat, Telegram, and Facebook Messenger in a variety of languages including English, Spanish, French, Portuguese, Japanese, Chinese, Bangla, Indonesian, Thai, Arabic, Vietnamese, Urdu, Malay, Hindi, Burmese, Hinglish, Pakistani English, Turkish, Tagalog, Filipino, and Russian.

They also offer a Support FAQ section which covers questions regarding Registration and Verification, Changing and Recovering Personal Data, Financial Operations, Trading Conditions, Trading Platform and more.

After logging into the Live Chat function we were connected with an agent in a matter of seconds who answered our query very quickly, as shown below:

Contact Information:

Research

“FBS provides access to a wide variety of research tools which include an Economic Calendar, Forex Calculator, Forex News, Daily Market Analysis and Forex video lessons.’’

FBS provides access to a wide variety of research tools which include an Economic Calendar, Forex Calculator, Forex News, Daily Market Analysis and Forex video lessons.

The Forex News section provides articles with all the latest information across all different asset classes such as commodities, currencies, stocks and there is also a category for stocks. The Daily Market Analysis section provides in-depth technical and fundamental analysis for currency and commodity markets and also includes trade signals, as shown below:

The Forex video lessons section provides videos on Weekly Insights, Daily Trading Plans and Webinars covering education and live market analysis and tips, as shown below:

Trader Education

“FBS provides access to a wide range of educational resources such as Forex Guidebooks, Webinars, Video Lessons, Seminars and a Glossary section.’’

FBS provides access to a wide range of educational resources. This includes access to Forex Guidebooks, Forex Books, Tips for Traders, Webinars, Video Lessons, Seminars and a Glossary section.

The Forex Guidebooks provide online training courses for beginners, elementary, intermediate and experienced traders. This is in the form of short written articles. The Forex Books section provides books written by different authors.

The broker also provides access to online Video Lessons covering a wide variety of topics for all types of traders. The broker also lists its Forex Webinars Schedule online, allowing users to register online as well.

For clients from the EU and UK, FBS offers free online Forex courses for traders of any level.

Trading Experience

“FBS provides a simple trading offering to trade on most major markets on the MetaTrader 4 and MetaTrader 5 trading platform across a variety of different types of trading accounts which include commission-free and commission-based trading with fixed or floating spread options.”

From our observations, FBS provides a simple trading offering suitable for both beginner and advanced traders. The broker offers five different trading accounts to access commission-free trading and commission-based trading with fixed or floating spreads on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Web, Android and iOS.

Opening an account is a simple process with access to a wide variety of different funding options. The broker also provides access to additional trading features such as the FBS CopyTrade app which will interest both beginner traders looking to copy other traders and experienced traders looking to find investors and be rewarded for their trades.

However, it is important to note that the broker is regulated offshore by the International Financial Services Commission (IFSC) of Belize and does not mention the segregation of client funds from its own anywhere in its Terms and Conditions.

FAQ

Is FBS regulated?

Yes, by the International Financial Services Commission (IFSC) of Belize; the Financial Sector Conduct Authority (FSCA, South Africa); the Cyprus Securities and Exchange Commission (CySEC, Cyprus); and the Australian Securities and Investment Commission (ASIC, Australia)

Where is FBS based?

FBS is based at 2118, Guava Street, Belize Belama Phase 1, Belize; 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol, Cyprus; Level 4, 350 George St, Sydney, NSW 2000, Australia

How does FBS make money?

FBS makes money mainly through spreads, swaps and commissions on certain trading accounts and asset classes.

How do I deposit in FBS account?

Funds can be deposited into a trading account via Credit/debit card; wire transfer, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, local banks, local payment systems, and local exchangers.

What is the min. deposit for FBS?

The minimum deposit is $1.

How do I withdraw money from FBS?

Funds can be withdrawn via Credit/debit card; wire transfer, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, local banks, local payment systems, and local exchangers.

What is the max leverage in FBS?

The maximum leverage offered by FBS is 1:3000.

How do I open an account with FBS?

An account can be opened at the click of a button on the FBS website.

Does FBS use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android and iOS with a maximum 1:3000 leverage, copy trading services and a range of bonus promotions.”

FBS was established in 2009 and is the official trading partner of FC Barcelona. The broker boasts a presence in more than 150 countries with 17 million traders and 410,000 partners.

FBS is a brand name of FBS Markets Inc which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize. FBS also operates a European entity which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). This review is based on the services provided by the entity regulated by the IFSC.

Users are offered five different trading accounts called Cent, Micro, Standard, Zero Spread and ECN. Each account comes with different features and benefits such as the ability to trade commission-free with floating or fixed spreads or commission based on an ECN account.

FBS offers the ability to trade on multiple asset classes covering Forex and CFDs on Stocks, Indices, Metals and Energies on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android and iOS operating systems. Users can also access copy trading services via FBS CopyTrade.

The broker also provides access to a range of different research and education tools through articles, video lessons and webinars, as well as a wide variety of bonus promotions such as the 100% deposit bonus, as well as different trading contests. Users can contact the broker 24 hours a day, 7 days a week via callback, live chat and other mediums such as Viber, Telegram and Facebook messenger.

  • Commission-free trading accounts available.
  • Access to ECN accounts.
  • Can trade on MetaTrader 4 and MetaTrader 5.
  • Provides access to copy trading via FBS CopyTrade app.
broker

Your capital is at risk

See FBS Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Belize
Foundation Year
2009
Regulations
ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), IFSC (Ireland)
Publicly Traded
No
Number Of Employees
200+
Trading Desk Type
ECN, No dealing desk, STP
Trading platforms
MT4, MT5, Proprietary
Restricted Countries
United States, Russian Federation
Supported Languages
English, Spanish, German, French, Arabic, Portuguese, Japanese, Thai, Korean, Indonesian, Turkish, Vietnamese, Malaysian
Min Deposit
$1
Max Leverage
1:3000 (ASIC), 1:3000 (CySEC), 1:3000 (FSCA), 1:3000 (IFSC)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, PerfectMoney
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller, PerfectMoney, E-wallets
Fixed Spreads
Yes
Commission On Trades
No
Products
Currencies, CFDs, Stocks
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
No
Segregated Account
No
Managed Account
No
Institutional Account
No
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