FBS Review

Minimum Deposit: $1 VISIT BROKER
75.2% of retail investor accounts lose money when trading CFDs with this provider.

FBS is an award-winning online forex broker based in Belize. The broker has been providing trading services to retail and professional traders since 2009 in over 150 countries. Tradestone Limited is the parent company of the broker and is based in Cyprus. FBS is authorised and regulated by Top-Tier Cyprus Securities and Exchange Commission (CySEC). Negative balance protection and segregated clients’ funds also provide a comparatively safe environment for traders.

FBS offers hundreds of trading instruments from popular asset classes such as forex, commodities, stocks, indices, and cryptocurrencies. In addition, the broker offers very reliable trading conditions in terms of minimal trading costs (tight spreads and low commissions). Moreover, the clients of FBS can choose a proprietary FBS mobile trading platform or may go for the other options such as MetaTrader 4 & 5 from MetaQuotes along with fast order execution.

FBS offers very lucrative educational and research resources. Dedicated trading guides, tutorials, economic calendar, and TV channel help FBS’s clients in their trading journey. In addition, demo accounts also facilitate beginners and news comers to the broker to better understand the mechanics of trading in real-time with virtual money. Moreover, copy trading helps investors to invest in professional traders’ portfolios. On top of that, FBS offers multiple payment options to facilitate transaction processing worldwide.

7.9Expert Score
FBS Rating

FBS is an award-winning forex and CFDs broker with many years of experience in the trading industry. The company is regulated, offering multiple trading platforms, accounts, funding options, and 24/7 customer support

Investment Products
8
Commissions and Fees
7.5
Platforms and Tools
8.5
Research and Education
8
Deposit and Withdrawal
7.5

FBS Review

Pros and Cons

FBS has over a decade of expertise in providing trading services under strict top-tier regulations. Negative balance protection helps to ensure the safety of clients’ funds. FBS offers trading with STP and ECN executions along with tight spreads and low commissions. The broker also offers demo trading and Swap-free Islamic accounts. There are multiple account types to meet the needs of different traders. Multiple payment options with low minimum deposit requirements facilitate traders to deposit and withdraw their funds globally without any extra cost from the broker. FBS mobile trading platform and MT4 & MT5 are available as investing platforms with STP/ECN executions. Moreover, for traders who don’t have much time to execute trades or investors who want to invest in profitable strategies, FBS offers copy trading. In addition, FBS offers demo accounts. For clients with the Islamic faith, Swap-free Islamic accounts are also available. With lots of educational resources and research tools, the traders can improve their skills. Finally, the broker offers 24/7 customer support via live chat, email, and phone.

On the other hand, FBS does not offer its services to clients from a few countries, such as the US. In addition, the broker is not a publicly-traded company, so its financial information is not available. Moreover, the broker does not have a banking licence. There is also an inactivity fee charged from dormant accounts.

Let’s look at the summary of the advantages and disadvantages of FBS.

Positives
  • Low minimum deposit
  • Demo accounts
  • Islamic accounts
  • FBS mobile trading platform
  • MT4 & MT5 platforms
  • Copy trading
  • Positive
  • Regulated broker
  • Negative balance protection
  • Lots of trading instruments
  • Multiple deposit/withdrawal methods
  • Free deposits
  • Multiple account types
  • Tight spreads
  • Low commission
  • STP/ECN execution
  • Fast order executions
  • Dedicated 24/7 customer support
Negatives
  • No service to clients from the USA
  • An Inactivity fee
  • Withdrawal fees
  • High spreads on Cent accounts

FBS Review

Investment Products

FBS offers hundreds of trading instruments from various asset classes such as forex, commodities, stocks, indices, and cryptocurrencies. However, it would be nice to see the bonds, options, and ETFs as well on FBS’s product portfolio.

FBS Instruments Summary

InstrumentsFBS
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
FBS Instruments

FBS Review

Commission and Fees

Commission and Spread Fees

FBS offers multiple account types to meet the needs of different traders with different investment capital and trading strategies. They offer both variable and fixed spread accounts. FBS also offers zero spread accounts. Here are different account types and their trading conditions.

Cent Accounts: Traders can enjoy commission-free trading with spreads as low as 1.0 pip on Cent accounts.

Micro Account: On Micro accounts, traders can enjoy commission-free trading with spreads starting from 3 pip.

Standard Account: Standard accounts provide traders with idea trading conditions such as tight spreads starting from 0.5 pip and no commission fee.

Crypto Account: Crypto accounts carry tight spreads starting from 1.0 pip and minimal commission of 0.10% per round.

Zero Spread Account: With this account, day traders can enjoy zero pip spreads, but the commission starts from $20 per standard lot per round. ECN Account: ECN accounts have spread as low as -1 pip and commissions starting from $6 per round.

FeeCentMicroStandardCryptoECNZero
Commission (per standard lot per side)$0$0$00.05%$3$10
Spreads from1.03.00.51.0-10.0
FBS Fees

Deposit and Withdrawal Fees

FBS does not charge any deposit from its clients for using any payment method except electronic payment systems. In addition, there is a certain withdrawal fee for all payment options except local bank transfers. However, some currency conversion charges might be applied from the service provider.

Inactivity Fees

FBS charges a $5 inactivity fee from dormant accounts after six months of no trading activity.

FBS Review

Platforms and Tools

FBS provides its clients with multiple investing platform options such as the FBS mobile trading platform and MT4 & MT5. In addition, the broker provides useful trading tools such as trading calculators and copy trading. Let’s have a look at each platform and tool more briefly.

FBS Trader

This is FBS’s mobile trading platform for trading on the move. The software is available for both iOS and Android smartphones, and it can be downloaded from their respective app stores. It offers a basic and user-friendly UI. It is compatible with the MetaTrader platforms and may be used to fund and withdraw trading accounts. The app provides access to live quotations, charts, and data. The software makes it simple to initiate, modify, and close trade positions.

FBS Trading App
FBS Trading App

Here are the salient features of FBS Trader:

  • Trade Forex, stocks, commodities, energy, indexes, and cryptocurrencies in a single application.
  • With detailed charts and unique tools, you can analyse price fluctuations and make educated decisions. Everything you need, including indicators, is right here.
  • Maintain continual access to your orders while keeping an eye on profitability. You may deposit and withdraw money 24 hours a day, seven days a week. With over 100 payment ways available, you may pay whenever and wherever you choose.
  • Each asset has detailed information.
  • Easy-to-use risk management tools.
  • Crosshair with a pricing display that is both instructive and entertaining.
  • Active orders are displayed directly on a chart.

MetaTrader 4

MetaTrader 4 is available from FBS for Windows and Mac, as well as Android and iOS mobile platforms. MT4 puts a trading experience at your fingertips, allowing you to advance as a trader from anywhere and at any time.

FBS MT4 Platform
FBS MT4 Platform

Here are the features of MT4:

  • Data encryption between the client terminal and the platform servers.
  • Expert advisors (EA) and scripts can be created, purchased, and used.
  • Tools for technical analysis: 50 different indicators and graphing tools.
  • Trading with a single click and news embedded.
  • There are four sorts of pending orders.
  • Position hedging.
  • Support for VPS services.

MetaTrader 5

MetaTrader 5 is a more adaptable programme that incorporates the best practises of its predecessor. It provides a broader range of analytical tools, the ability to trade equities and commodities in addition to currencies, and more periods.

FBS MT5 Platform
FBS MT5 Platform

Here are the features of MT5:

  • Options for creating technical indicators, trading robots, and utility apps have been expanded.
  • 90 indicators and charting tools for technical analysis.
  • Trading with a single click and news embedded.
  • There are six different categories of pending orders.
  • Hedging Positions on the Economic Calendar.
  • There are 21 periods.
  • Support for VPS services.

CopyTrade

With FBS CopyTrade, you can join the ranks of astute investors. This social trading platform allows you to follow and mimic the methods of the best market performers. When experts profit, you benefit as well! Confusion and fear in trading are no longer an issue – you now have a large professional community on your side 24 hours a day, seven days a week. Begin today and put the specialists you’ve chosen to work for you! FBS CopyTrade connects you to the financial market and assists you in making intelligent investment decisions.

FBS CopyTrade App
FBS CopyTrade App

FBS CopyTrade is a social trading platform that allows investors to duplicate the trades of other skilled traders who want to share their techniques. While the experienced trader earns a commission, the investor might replicate traders. Experienced traders are ranked by the CopyTrade platform based on their success. Investors may then profile their data and make a decision. The first investment is $100. CopyTrade is exclusively accessible through its mobile app, which is available for iOS and Android smartphones. The app allows you to personalise your favourite traders, start and stop copying a trader with a single click, and interact with the support staff. It should be emphasised that previous performance is no guarantee of future results.

Here are the features of CopyTrade for investors:

  • By following in the footsteps of the top players, you may trade with them.
  • Examine the list of top traders, examine their trading history, and choose the most successful ones to emulate.
  • Favorite the top traders, keep track of their development, and network with them.
  • Take action when traders are performing well and adjust the timetable based on your needs.
  • Enter the market with no prior financial understanding.
  • Relax while others work.
  • Invest just in one tap!
  • Deposit and withdraw funds using a number of payment methods.
  • Keep track of your progress and manage your risks.
  • When necessary, increase your investment amount.

Virtual Private Server (VPS)

A Virtual Private Server (VPS) can run your trading platform remotely 24 hours a day, seven days a week, providing lower latency, a steady internet connection, and overall stability. Traders that utilise complex trading systems and automatic trading systems (EAs) frequently insist on employing VPS to overcome the problem of a constant connection. Because the trading platform operates remotely on a VPS, you do not need to keep it running on your PC. Clients may use FBS to set up a free VPS server.

FBS VPS
FBS VPS

FBS Platforms Summary

PlatformFBS
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietary
Desktop
Web
Mobile
Social Trading
Other x
FBS Platforms

FBS Review

Research and Education

FBS provides a ton of educational resources and research tools for its clients so they can improve their trading skills. However, dedicated third-party research tools such as AutoChartist and Trading Central are not offered by FBS. Let’s have a look at each resource briefly.

Economic Calendar

This is a useful tool for performing fundamental analysis. This calendar may be seen on the FBS Markets website as well as the MT5 trading platform. It displays the date and time of an upcoming event. These occurrences are quite likely to have an influence on the forex/CFD market. The calendar displays analyst estimates as well as a history of previous releases. The calendar may be searched using the filters on the right.

Forex Calculators

This is a very handy tool for estimating prospective earnings from trade. You must select an account type, a trading instrument, currency, leverage, and pricing. Based on your inputs, the trader’s calculator estimates your profit for the trade.

FBS Trading Calculator
FBS Trading Calculator

Currency Converter

This is used to convert one currency to another based on current exchange rates. This is important for traders whose currency is not the same as the currency of the trading instrument. It is also beneficial for traders whose account currency is not the same as their local currency.

Forex Education

FBS emphasises educating its clients. Therefore, the broker provides a ton of learning content in the form of articles and ebooks. The Forex Guidebook is the definitive guide to the world of forex trading. It is organised in the following categories: beginning, elementary, intermediate, and expert traders. The guide is made up of essays, images, and clear illustrations.

Webinars and Seminars

Webinars and seminars are announced on a regular basis. Webinars are becoming increasingly common, with one scheduled virtually every week. Seminars are held in various cities on a regular basis.

Forex News

Every working day, the news is updated. It is classified into four asset classes: commodities, currencies, equities, and the economy.

FBS Forex News
FBS Forex News

Market Analysis

FBS analysts offer this analysis. This area of the website examines certain trading instruments and makes forecasts based on technical and fundamental assessments. Traders are offered trading suggestions to purchase or sell. Prices for ‘take profit’ and ‘stop loss’ are sometimes provided. Because of the volatile nature of trading, there is no assurance of the quality of the analysis provided.

Forex TV

This consists of educational videos with daily and weekly market information. There are videos on daily trading strategies as well as video recordings of previous seminars.

FBS Forex TV
FBS Forex TV

FBS Research and Education Summary

ResourcesFBS
Market Analysis
Guides
Videos
Webinars
Autochartistx
Trading Centralx
Economic Calendar
Other
FBS Resources

FBS Review

Deposit and Withdrawal

FBS provides wire transfers, debit/credit cards, and electronic payment methods for deposit and withdrawal. However, the broker does not accept cryptocurrency as a funding option.

FBS Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
FBS Funding Options

FBS Review

Regulation and Safety

FBS is authrosied and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) in Belize.

FBS Regulation Summary

RegulatorFBS
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (IFSC)
FBS Regulators

FBS Safety

The Investors’ Compensation Fund provides some type of protection to European clients (ICF). Secure Socket Layer (SSL) technology, which is industry standard, has been applied across all platforms and websites. In addition, the broker claims to have its clients’ funds in separate accounts to avoid misuse.

FBS Review

Client Support

FBS’s support can be reached via live chat, email, or phone. In addition, there is also a “get a call back” feature.

FBS Review

Conclusion

FBS is a well-established online trading broker that was created with the goal of accommodating all levels of traders and trading styles. It is a regulated brand that has put in place all of the necessary security processes that are required in the online brokerage market. With limitless sample accounts and a variety of extensive training tools, the newcomer is well supported. Live trading on the supplied platforms can begin with as little as $1. Spreads begin at 0 pips, and trades are processed in seconds with low slippage thanks to ECN technology. FBS CopyTrade, analytics, and trading tools are also noteworthy. Despite this, there are other online brokers who provide a considerably wider range of trading products and low fees. FBS can be a feasible option for beginner traders.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

FBS Review

FAQs

When was FBS founded?

FBS was founded in 2009.

Where is FBS located?

FBS is located in Belize.

Is FBS regulated?

FBS is regulated by IFSC and CySEC.

What trading instruments does FBS offer?

FBS offers trading instruments from various markets such as forex, commodities, stocks, indices, and cryptocurrencies.

What is FBS minimum deposit?

FBS requires a minimum deposit of $1.

What investing platforms does FBS offer?

FBS offer FBS Trade, MT4, and MT5 trading platforms.

What is FBS commission fee?

FBS charges a commission fee only on ECN and Zero Spread accounts that start from $6 and $20, respectively.

Does FBS charge an inactivity fee?

FBS charges an inactivity fee of $5 after six months of no trading activity on an account.

What are FBS spreads?

FBS offers variable and fixed spreads starting from 0.5 pip. However, there are also zero spread accounts available.

What funding options does FBS offer?

FBS offers wire transfers, debit/credit cards, and e-wallets as funding methods.

Does FBS offer demo trading?

Yes, FBS offers demo trading.

Does FBS offer Islamic accounts?

Yes, FBS offers Swap-free Islamic accounts.

How do I contact FBS customer support?

FBS customer support can be contacted 24/7 via live chat, email, and phone.
FBS Review
FBS Review
Minimum Deposit: $1
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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