FBS

Editor's Score 3.9
Pros
  • Excellent selection of trading platforms
  • Highly reputable broker
  • Phenomenal customer support
User's Score 4.6
Cons
  • Limited tradeable assets
  • Too many account types
  • Offshore trading brokerage
Min Deposit
$1
Max Leverage
1:3000
Mini Account
Bonus
100
Platforms
Withdrawal Options
  • Credit Card
  • Bank Transfer
  • Skrill, Neteller

Review

Introduction

FBS is an international online trading brokerage that was launched out of Belize back in 2009. Since their establishment, FBS have expanded their trading services to over 190 countries around the world and now service 8,000,000 traders and 315,000 partners across the globe and supports 17 different languages. The brokerage provides a simple and easy trading experience with a selection of trading platforms and wide array of tradeable instruments.

FBS is obviously a successful online trading brokerage and have won countless awards since their establishment in 2009. Some of their most notable awards include; Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia, Best Forex Broker Thailand, and Best International Forex Broker. As well, FBS has won many other awards for various reasons.

Not only has the FBS brokerage seen great success, but they also provide safe and reliable online trading services to their clients. FBS is licensed and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/230/TS/18.

Trading Conditions

The FBS online trading brokerage is very accepting and supportive of nearly every type of trader. FBS offers their clients the choice between 6 different trading accounts, each with slight differences to better suit their needs. Overall, the trading conditions outlined in these accounts vary but are very favourable. See the trading accounts and their trading conditions overviewed below.

Cent Account

  • Deposit from $1.00
  • Floating Spreads
  • Zero commission trading
  • Up to 1:1000 leverage
  • Market Execution

Micro Account

  • Deposit from $5.00
  • Fixed Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Standard Account

  • Deposit from $100
  • Floating Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Zero Spread Account

  • Deposit from $500
  • Fixed Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Unlimited Account

  • Deposit from $500
  • Floating Spreads
  • Zero commission trading
  • Up to 1:500 leverage
  • Market Execution

ECN account

  • Deposit from $1000
  • Floating Spreads
  • Zero commission trading
  • Up to 1:500 leverage
  • ECN Execution

Products

The FBS trading brokerage features a wide array of tradeable instruments across the global markets for their clients to trade. For instance, traders can participate in the trading of over 35 forex currency pairs, 4 precious metals, 3 CFDs, and 4 cryptocurrency CFDs. While the extent of tradeable assets offered is rather small compared to some brokers, the range of markets available to trade in are wide.

Regulation

FBS is not widely regulated even though they are an international online trading brokerage. The only regulatory authority governing the FBS trading brokerage is the International Financial Services Commission (IFSC) with license number IFSC/60/230/TS/18. FBS is an offshore trading brokerage and therefore is not as reliable as some brokers. FBS’s headquarters are located at No.1 Orchid Garden Street, Belmopan, Belize, C.A.

Platforms

The FBS online trading brokerage provides their clients with the choice between two of the most highly sought-after trading platforms, the MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) trading platforms. Both these platforms are highly advanced and sophisticated while at the same time very user-friendly and easy to use.

The MetaTrader platforms offered by FBS consist of both the WebTrader platforms and the downloadable platforms. All platforms are fully compatible with Windows, Mac, and Linux operating systems as well as multiple web browsers for the web-based versions.

All in all, both the MT4 and MT5 trading platforms offered are relatively the same. The main difference between the two is that the MT5 trading platform has an upgraded trading interface, a few additional features, and is more suitable for the trading of all financial assets other than forex. Therefore, traders looking to participate solely in the forex markets will choose the MT4 platform and traders more focused on a wider variety of markets will choose the MT5 platform.

Both platforms feature auto trading functionality with Expert Advisors (EAs) as well as a sophisticated charting package with three chart types, over 50 technical indicators, and a variety of drawing and analysis tools.

Mobile Trading

Both the MT4 and MT5 trading platforms offered by FBS feature downloadable mobile trading applications for both iOS and Android mobile devices. The mobile trading app can be downloaded from the Apple App Store and the Google Play Store for free. The trading apps are fully optimized for the mobile screen and feature all the same functionality as the desktop platforms. As well, traders wanting to use the FBS website on a mobile device can, as it has been optimized to work on mobile devices too.

Pricing

The FBS trading brokerage is accepting of all experience levels of traders and therefore provides trading accounts with minimum deposits from as low as $1.00 and professional ECN trading accounts with minimum deposits from $1,000. As for the available spreads, FBS provides floating spreads as low as 0.2 pips, fixed spreads as low as 3 pips, and trading without spread, but with a commission starting from $20. All in all, the spreads and commissions offered by FBS are quite favourable and competitive with the industry standards.

Deposits & Withdrawals

FBS provides their traders with an extensive array of deposit and withdrawal options with a total of 72. All methods of deposit are free of charge and withdrawals have varying commissions depending on the method used.

Deposits via the most popular e-wallets and credit cards are instant, and all other methods take between 15 – 20 minutes or a maximum of 48 hours to complete. Withdrawals generally take between 15 – 20 minutes or a maximum of 48 hours to complete and come with a small commission for most methods.

See below, a list of the most popular deposit and withdrawal methods.

  • Visa/MasterCard
  • Neteller
  • Skrill
  • Bitcoin by Skrill
  • PerfectMoney
  • Mybitwallet
  • OKPAY
  • AstroPay

Customer Support

The level of customer care and support provided by FBS is truly phenomenal. Traders can reach support representatives 24 hours a day, 7 days a week via email, live chat, Telegram, WeChat, and telephone with multiple international numbers. Also, clients can schedule a call back if they prefer not to wait. However, support representatives are generally quick to respond and friendly with their responses. Additional methods of support include an extensive FAQ page and interaction via various social media channels.

Research & Education

FBS provides their traders with a comprehensive education and research centre that’s packed with educational resources and content. For instance, traders have access to market analytics such as forex news, daily market analysis, and forex tv. They also have access to trader tools including an economic calendar, central bank rates, and forex calculators. As for educational material, traders are provided with a forex guidebook, tips for traders, webinars, video lessons, seminars, and a glossary. All in all, we were very impressed with the extent of educational content and market research resources.

Noteworthy Points

The FBS trading brokerage is highly successful and has an excellent reputation in the online trading industry. Therefore, the brokerage has various noteworthy points worth mentioning. For instance, FBS stands above the rest of online trading brokerages in the following areas.

  • Extent of deposit and withdrawal options.
  • Variety of educational content and resources.
  • Exceptional selection of trading platforms.

Conclusion

The FBS online trading brokerage is a widely used international Forex and CFDs trading brokerage that features an array of tradeable assets across the global markets. FBS is an offshore trading brokerage which raises some concerns, however, they have an excellent reputation and are licensed and regulated by the IFSC. FBS is supporting of all types and experience levels of traders and offers them favourable trading conditions and low commissions and fees. Traders at FBS have an excellent selection of trading platforms to choose from and can trade a variety of financial assets with all the tools and features necessary to succeed. All in all, FBS is a solid online trading brokerage and could be the right broker for you.

Comparison

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User Reviews

4.6

Based on 14 ratings
5 star <\u>11 4 star <\u>3 3 star <\u>0 2 star <\u>0 1 star <\u>0

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Extraordinary platform

FBS Trader app is not just another trading app. It’s one of the most advanced and fully customizable trading software with whom I have traded recently. It is packed with many useful tools and widgets, and all the popular indicators. If you prefer platforms where you feel comfortable and confident, there are MT4 and MT5 for you, but anyway, I recommend you to give FBS Trader a try 😀 Regarding the trading conditions of FBS broker, I think we should not spend too many words. It is known as one of the most competitive brokers out there. 👍
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Maha

| October 19, 2023
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

What I like

I actually spending time on this platform a lot, I don't trade all the time constantly but I am still on the platform charting, checking the markets, monitoring my portfolio and assets. Platform is good for all the aspects of trading. They are doing pretty well on mobile as well.
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Khanti Jetjirawat

| November 05, 2023
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

FBS delivers beyond expectations

I like the trading terms, I like the range of instruments, I like the options for payment methods, I like the educational resources… I enjoy trading with FBS!
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Charoen Suprija

| December 25, 2023
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Products

The number of extra products is scarce. IN all the other things it’s all great.
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Minnaar

| January 10, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Products

The number of extra products is scarce. IN all the other things it’s all great.
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Minnaar

| January 10, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

The trading conditions are FBS’ main advantage!

They may lack some depth regarding the options for account types and trading software, but the tarding conditions on this platform are second to none. Great spreads, absence of commissions even for the overniht positions, and absolutely generous leverage of 1:3000. Moreover, FBS provdes top-notch customr service and quick withdrawals!
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Nattaron Songprawati

| January 25, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Good conditions

Idk what to write in my FBS review to show how suitable this broker. I could show my trading, but I hope you believe my review that this broker has good trading conditions.
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Samuel Vazquez

| February 02, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Deposits

I'm ready to rate simplicity and speed of depositing my account on highest mark. I withdrew only once, so I can't evaluate it yet. But I'm sure it's perfect too!
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Nhan

| February 08, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

quick thoughts

my fbs review after trying it is this: wasn’t disappointed. tight spreads, quick withdrawals. simple as that. good for long hauls and regular positioning.
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Balachandra

| February 21, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Don't miss any chances with FBS

Tht broker changes my position in trading. With the FBS I didn't miss chances to make some gains. Actualy, FBS allows me to increase my capital.
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Sergio Alva

| February 29, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Brilliant

The broker is simply brilliant, offering everyone high quality services for traders of any level. You can make a deposit of $5 with floating spreads of 0.7 pips. Leverage gives up to 1:3000. They provide free analytics and materials for traders. Thanks to analytics, I understand every day in which direction EUR/USD will move and attend webinars and develop as a trader. The trading platform is multifunctional and there are different types of orders for effective trading, and there has never been any slippage when opening orders. Withdrawals are through various payment systems.
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Paan Sirisopa

| March 12, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Unique Experience

Trading with FBS has been delightful. Its products are worth it and the trading conditions align with my style. And the FBS reviews out there also agree.
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Julio marquez

| March 21, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

smooth and quick withdrawal system.

The broker does not offer so many alternatives for their deposits and withdrawals, which is not the best thing. However, the methods available are reliable and I am also able to ask the support team how to use them if I am not familiar with it. The support team is very responsive and they reply very friendly.
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martim morais

| April 01, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

Indicators

I can be classified to those traders who rely on trading indicators in their trading. I use several indicators at once. And some of them, such as Fibonacci levels, I use only to determine levels of stop loss and take profit. Therefore, several trading conditions and broker's tools are essential for me. I appreciate what kind of trading platform this broker gives me and of course I am glad that it doesn't limit me in any way. I can apply any strategies or ideas. By the way, these trading conditions are well suited for application of my indicators.
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Dyonte Morgan

| April 11, 2024
  • Trading Conditions
  • Products
  • Regulation
  • Platforms
  • Mobile Trading
  • Pricing
  • Customer Support

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