FBS Review 2024 ๐Ÿ” Is It A Good Broker?

fbs review
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Overall, FBS can be summarised as a reliable broker with a high trust score of Trust Score of 92 out of 99. The broker is well-regulated and has a rating of 4 on Trustpilot. We highly recommend this broker with efficient 24/5 online support.

This FBS review provides a detailed platform analysis, including its features, fees, account types, educational resources and customer support. If you're considering using FBS forex broker for your trading needs, it's important to do your research first.

Read on to find out if FBS broker is the right choice for you.

What Is FBS?

Founded in 2009, FBS Broker has steadily gained recognition for its reliable services and innovative approach to online trading. It offers various trading instruments including currency pairs, metals, energies, indices and shares.

With a diverse range of offerings and account types, the multiple award-winning broker caters to both novice and experienced traders. With over 27 million clients from 150 countries, FBS is truly a global broker.

FBS Overview

 ๐ŸŽ– Brokerโ€™s NameFBS (Founded 2009)
๐ŸŒ Websitewww.fbs.com
โš– RegulationCySEC, ASIC, IFSC, FSCA,
๐Ÿ’ณ Minimum deposit$5
๐Ÿ‹๏ธโ€โ™€๏ธ Maximum Leverage1: 3000
โ˜ช Islamic Account?โ˜‘ Yes
๐Ÿ“Š Types of assets tradedForex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies
๐Ÿ–ฅPlatformsMT4, MT5, FBS Trader App
๐ŸŽ BonusโŒ No
๐Ÿ’น Supported lot sizes0.01 โ€“ 500
๐ŸŽฎ Demo accountโœ… Yes
๐Ÿ’ฌ Languages supported on WebsiteDeutsch,English,Espaรฑol,Franรงais,Italiano,Portuguรชs
๐Ÿ’ต Payment methodsNeteller; Sticpay; Skrill; Perfect Money
๐Ÿ“ˆ Is scalping allowed?โœ… Yes
๐Ÿงพ Are multiple accounts supportedโœ… Yes
๐Ÿ“‚ Is PAMM supported  No
๐Ÿ”ƒ Is CopyTrader supported? โŒ
โŒš Customer Support Hours24/5
๐Ÿš€ Open an account๐Ÿ‘‰ Click here

Is FBS Safe?

Yes, FBS is a safe, reliable and well-regulated broker. The broker is regulated by four reputable institutions and has negative balance protection. This ensures that FBS follows strict standards and complies with regulations.

The broker has been around since 2009 and it has won multiple awards which adds a level of credibility to their operations. FBS forex broker also has multiple positive reviews on Trustpilot showing that it is reliable.

Is FBS Regulated?

Yes FBS is regulated by several financial authorities including CySEC, ASIC, IFSA, and FSCA. This ensures that the broker adheres to strict operational guidelines and does not scam its clients.

FBS Account Types

This FBS review found that the broker only offers one account. That is the FBS standard account. This was rather disappointing as competitors offer various types of accounts to suit the needs of different traders.

However, our review found that the FBS Standard account is a very flexible trading account that is a good option for beginners only starting on the trading path and also suits more experienced traders with higher demands. 

๐Ÿงพ Account TypeFBS Standard Account
๐Ÿ’ณ Minimum Deposit$5
๐Ÿ’ต Floating spreadsFrom 0.7 pips
 CommissionFrom 0%
๐Ÿ‹๏ธโ€โ™€๏ธ Leverage1:3000
๐Ÿ“ฑ PlatformsMT4, MT5, FBS Trader
๐Ÿš€ Order volumesfrom 0.01 up to 500 lots, with 0.01 step
๐Ÿงพ Market executionfrom 0.3 seconds, straight-through processing (STP)
โ˜ช Conversion optionAvailable to convert to Islamic Account
๐Ÿš€ Open account๐Ÿ‘‰ Click here

The account offers flexible leverage options ranging from 1:1 to 1:3000, allowing traders to amplify their potential profits while managing their risk exposure. This flexibility is especially beneficial for traders who have different risk tolerance levels or trading strategies.

FBS Standard Account offers a wide range of tradable assets, including major currency pairs, commodities, indices, and cryptocurrencies. This diverse selection allows traders to diversify their portfolios and take advantage of various market opportunities.

How To Open An FBS Account

Our FBS broker review found that the process of opening an FBS account is simple.

Follow these simple steps to open a trading account with FBS broker

1. Visit the FBS Account Sign-up page

Go to the FBS real account registration page and click on the โ€œOpen an accountโ€ button in the top right corner of the website.

How To open an FBS account

2. Enter your details

Enter your valid email and full name. Make sure to check that the data is correct; it will be needed for verification and a smooth withdrawal process. Then click on โ€œRegister as Traderโ€ button.

FBS Review Open an account

You can also register via social media but we do not recommend that unless these social media sites have your full name as it appears on your ID.

3. Confirm your email 

Check the email confirmation link sent to your email address. Make sure you open the link in the same browser as your open Personal Area. The system will generate a temporary password. You can continue using it, but we recommend changing it for better security.

4. Download the platform that works for your device

This FBS review found that the broker offers MT4, MT5 and FBS trader platforms for trading. Please choose your preferred platform and download it

5. Save your login information

You will see your account information displayed after downloading your platform.

Make sure to save this information and keep it in a safe place.

Note that you will need to enter your account number (MetaTrader login), trading password (MetaTrader password), and MetaTrader server to MetaTrader4 or MetaTrader5 to start trading.

After doing these steps you would have successfully created your FBS live account.

FBS Spread Review

The FBS Standard account spread varies between a floating spread from 1 pips with no commissions for EU traders and a floating spread also with no commission and STP execution for international account holders.

Below is a table showing the FBS spreads for major forex pairs on the Standard account.

Trading InstrumentStandard account spread
EURUSD0.8
USDJPY1.0
GBPUSD0.7
EURGBP1.0

The FBS Spreads are competitive in the market.

FBS Trading Fees

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of โ‚ฌ5 for transactions that have taken advantage of price latency. If your account remains dormant for 180 days you will be charged a โ‚ฌ5 monthly fee.

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These FBS fees are very competitive and attractive to traders.

FBS Deposit And Withdrawal Methods

Our FBS review found that several deposit and withdrawal methods are available including, Visa, and electronic payment systems, such as Skrill, Neteller and PerfectMoney. You can also deposit and withdraw via Bitcoin.

FBS Withdrawal Review

FBS Withdrawal Fees

This review found that FBS charges withdrawal fees that depend on the withdrawal method being used. However, withdrawals via Sticpay and Bitcoin are free.

๐Ÿ’ฐ Withdrawal MethodFBS Withdrawal Fee
๐Ÿ’ณVisa, Mastercard0.90 EUR
๐Ÿ’ธPerfectMoney 0.5%
๐Ÿ’ธ SticpayNo Charge
๐Ÿฑ BitcoinNo charge

FBS Minimum Withdrawal.

The FBS minimum withdrawal is $1 via Perfectmoney. Other withdrawal methods have different minimum withdrawal limits as shown below.

๐Ÿ’ฐ Withdrawal
Method
Minimum
Withdrawal
Maximum
Withdrawal
๐Ÿ’ณVisa, Mastercard$2$5 000
๐Ÿ’ธPerfectMoney $1$300 000
๐Ÿ’ธ Sticpay$3$50 000
๐Ÿฑ Bitcoin$20Unlimited

How Long Does It Take To Withdraw From FBS?

Withdrawals from FBS via e-wallets like Perfectmoney take up to 30 minutes. Withdrawals via credit or debit cards take 3-4 business days.

These withdrawal times are comparable to those of FBS competitors.

FBS Deposit Review

FBS Minimum Deposit

The FBS minimum deposit is $5 using all deposit methods available. The low minimum deposit makes the broker accessible even to beginners who can start trading without risking a lot of money.

FBS Deposit Fees

FBS does not charge deposit fees.

How Long Does It Take For FBS To Process Deposits?

Deposits via electronic payment systems like PerfectMoney are processed instantly. Deposit requests via Bitcoin are processed in 15-20 minutes.

FBS Platforms

FBS offers the popular MT4 and MT5 platforms. This includes desktop, mobile and web versions.  FBS also offers its own proprietary trading platform, FBS Trader.

FBS Trader is an all-in-one trading platform app that gives you access to all the FBS trading instruments right from your pocket. The app is available for iOS and Android.

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Fbs Trading Review: Trading Assets

Our FBS trading review team found that clients can access a wide range of assets for trading including:

  • Forex โ€“ 28 standard pairs plus 16 exotics
  • Metals โ€“ four precious metals
  • Energies โ€“ WTI and Brent crude oil
  • Stocks (global only) โ€“ 40 US, 30 UK, and 30 German company shares
  • Indices โ€“ a long list of cash-based indexes including the NASDAQ
  • Cryptocurrency โ€“ Crypto trading is available via the FBS Trader app and the web-based Personal area. Cryptos can be traded directly and in a range of 35 pairs โ€“ crypto/crypto or crypto/fiat, such as BTC/USD and LTC/USD

FBS Review:  Customer Support

This FBS review found that the broker has responsive and knowledgeable support. FBS customer support is available 24/7 and it is accessible either through live chat, international phone lines, email or even social media.

FBS also offers multilingual support, catering to a diverse global clientele.

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The broker's response times are impressive.

FBS Response times:

Support ChannelAverage Response Time
๐Ÿ“ฑ PhoneFew minutes
๐Ÿ“ง Email24 hours
๐Ÿ’ฌ Live chatAn hour
๐Ÿ–ฑ Social MediaFew minutes
 โšกAffiliateFew minutes

FBS Review: Education

There are numerous educational materials and programs provided by FBS that are designed to enhance the trading capabilities of its clients.

Our review team were impressed by the accessibility of FBS's educational resource. The platform provides a comprehensive range of materials, including articles, video tutorials, webinars, and more. This diverse range of formats caters to different learning preferences, ensuring that traders can absorb information in a way that suits their individual needs.

The quality of the educational content is very impressive. FBS covers a wide range of topics, from the basics of trading for beginners to advanced strategies for experienced traders. The materials are well-organized and presented clearly and concisely, making them accessible to traders of all skill levels.

FBS Bonus

FBS is currently not offering any sign-up bonus, deposit bonus, or welcome bonus to its clients.

The broker used to offer the FBS100% deposit bonus and the FBS $140 no-deposit bonus but these have been discontinued.

Below is a list of FBS competitors who offer bonuses.

๐Ÿงพ Broker๐ŸŽ Bonus
HF Markets100% Supercharged Bonus
10% Top Up Bonus
XM50% Deposit Bonus
$30 Welcome Bonus
AvaTrade20% Welcome Bonus
Exness$10 Welcome Bonus
JustMarkets$30 Welcome Bonus
InstaForex$500 Welcome Bonus

FBS Awards

FBS has won multiple awards since its inception. Below are some of the latest ones.

2021

  • Best Forex Broker โ€“ Thailand 2021. 11th-year Global Banking & Finance Awards (Global Banking & Finance review)
  • Best Trading Broker โ€“ South East Asia (The European Global Banking & Finance Awards 2021)
  • Best Social Trading Platform Indonesia 2021 11th year Global Banking & Finance Awards (Global Banking & Finance review)
  • Best Mobile Trading Platform Europe (The European Global Banking & Finance Awards 2021)

FBS Pros & Cons

Pros ๐Ÿ‘

  • Low minimum deposit
  • Well-regulated
  • Competitive spreads
  • Wide range of tradeable assets
  • Variety of trading platforms including mobile app
  • Variety of educational material
  • Responsive customer support
  • Leverage up to 1:3000
  • Bitcoin deposits and withdrawals

Cons ๐Ÿ‘Ž

  • Only one account type
  • No bonuses and promotions
  • High leverage may amplify losses
  • No service to clients from USA, UK, Japan, Israel, Canada
  • Does not offer copytrading
  • Limited crypto currency options

See FBS Alternatives

FBS Review: Conclusion

In conclusion, our FBS broker review shows that this is a well-regulated and safe broker with competitive trading fees. Their competitive spreads and flexible leverage options make them attractive to traders seeking cost-effective trading opportunities. Additionally, FBS provides educational materials to support traders in improving their skills and knowledge.

The broker is trustworthy and credible as shown by the fact that 17 million people have chosen FBS to be their broker of choice globally.

However, the lack of different account types and bonuses needs to be taken into account. We encourage you to carefully weigh the pros and cons outlined in this review and compare FBS to other brokers before making a decision. Remember, the best broker for you is the one that best aligns with your trading goals and risk tolerance.

FAQ's On FBS Broker Review

Is FBS a reliable and safe broker?

Yes, FBS operates under different entities and is regulated by reputable authorities such as the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC), depending on the jurisdiction.

Which trading platforms does FBS support?

FBS supports popular trading platforms such as MetaTrader 4 and MetaTrader 5 and its app FBS Trader, providing a familiar and efficient trading experience.

Is FBS good for beginners?

Yes,ย FBS offers a user-friendly platform,ย competitive fees,ย and extensive educational resources,ย making it a good choice for beginners.

What is the minimum deposit required to open an account with FBS?

$5 is the minimum FBS broker deposit amount

What account types does FBS offer?

FBS currently offers just one account type, the Standard account

What financial instruments can I trade with FBS?

FBS offers a diverse range of financial instruments for trading, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks. Traders can select their preferred instruments based on their trading strategies and market preferences.

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