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broker popularity top broker high popularity best reviews benchmark
LeverageLeverage up to 1:3000, trading hours vary by asset.
Minimum Deposit$1
Year Established 2009
RegulationRegulated by IFSC and CySEC
Payment methodsFBS offers a wide range of payment methods, including credit/debit cards, bank transfers, e-wallets (such as Skrill, Neteller), and local payment options.
Publicly Traded
Type of BrokerFBS operates as a retail forex and CFD broker, providing access to various financial markets for individual traders.
Trading AssetsForex, commodities, indices, stocks, cryptocurrencies, and more.
Demo Account
Islamic Account
Deposit Fee
Withdrawal Fee
Offers Official Website

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Pros and Cons

  • Competitive spreads in major forex pairs.
  • Reliable customer service.
  • No withdrawal fees.
  • Strong research and education resources.
  • Multiple trading platforms, including MetaTrader 4 and MetaTrader 5.
  • Low minimum deposit requirement.
  • A range of account types, including a unique ‘Cent Account’ for beginners.
  • Regulated by top-tier authorities in multiple regions.
  • In-depth market analysis and educational materials.
  • A variety of payment methods and swift deposit/withdrawal processing.
  • Lacks proprietary web and desktop trading platforms.
  • Some trading instruments have wide spreads.
  • Limited selection of stocks available for trading.


In the dynamic world of online trading, FBS stands out as a beacon of reliability and accessibility.

Established in 2009, FBS has become a household name among traders worldwide, earning a reputation for its unwavering commitment to providing a seamless and secure trading environment.

This review takes you on a journey through the myriad facets of FBS, showcasing why it has garnered a loyal following in over 190 countries.

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Trusted by Millions

FBS has emerged as a trusted partner for both novice and seasoned traders.

With millions of clients globally, the broker’s popularity is a testament to its dedication to ensuring the success of its traders.

Whether you’re just starting your trading journey or looking to diversify your investment portfolio, FBS offers a comprehensive suite of financial instruments and tools to meet your needs.

Diverse Range of Assets

One of FBS’s standout features is its expansive range of tradable assets.

From major and exotic currency pairs to commodities, indices, stocks, and even cryptocurrencies, FBS empowers traders to explore diverse markets, seize opportunities, and build well-rounded portfolios.

Democratizing Trading

FBS believes in making trading accessible to everyone.

With an astonishingly low minimum deposit requirement of just $1.07, the broker ensures that even those with modest budgets can participate in the global financial markets.

This inclusivity aligns with FBS’s mission of democratizing trading and fostering financial literacy worldwide.

Cutting-Edge Platforms

At the heart of FBS’s success are its robust trading platforms.

The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, revered in the industry for their powerful charting tools, technical indicators, and algorithmic trading capabilities, form the backbone of FBS’s trading ecosystem.

These platforms cater to both manual and automated trading strategies, empowering traders to execute their plans with precision.

Islamic Accounts and Copy Trading

Recognizing the diverse needs of its clients, FBS offers Islamic accounts that comply with Sharia law, allowing traders to engage in swap-free trading.

Moreover, the broker facilitates copy trading and provides access to trading signals, enabling beginners to learn from experienced traders and potentially boost their profitability.

Educational Resources

FBS takes trader education seriously.

It provides a treasure trove of educational resources, including webinars, articles, video tutorials, and market analysis, to empower traders with knowledge and skills to thrive in the ever-evolving financial landscape.

Awards and Accolades

FBS’s commitment to excellence has not gone unnoticed.

The broker has received numerous awards and accolades for its outstanding services, customer-centric approach, and innovative solutions.

These recognitions underscore FBS’s dedication to delivering top-tier trading experiences.

As we delve deeper into this comprehensive review, we’ll explore each aspect of FBS, from its account types and payment methods to its regulatory standing and customer support.

Whether you’re contemplating FBS as your trading partner or seeking to enhance your existing trading arsenal, this review aims to provide the insights you need to make informed decisions in the world of online trading.

Editor’s Verdict

FBS is a reputable broker with several commendable features. It stands out for its competitive spreads, comprehensive educational resources, and a range of account types suitable for traders of all levels.

The broker’s commitment to customer satisfaction is evident through its no withdrawal fees policy and reliable customer support.

While it may lack proprietary trading platforms, FBS compensates with its support for the widely used MetaTrader 4 and MetaTrader 5 platforms.

Traders looking for a broker that provides a strong foundation for both beginners and experienced traders should consider FBS.


FBS offers competitive spreads in major forex pairs, making it an attractive choice for active traders looking to minimize trading costs.

The broker stands out by not charging withdrawal fees, which is a significant advantage for clients seeking cost-effective trading.

Additionally, FBS maintains a low inactivity fee of just 5 EUR per month for dormant accounts, ensuring traders are not penalized excessively.

Range of Assets

FBS provides traders with a diverse range of assets to choose from, including:

  • Forex: More than 50 currency pairs, covering major, minor, and exotic pairs.
  • Commodities: Trading opportunities in gold, silver, oil, and other commodities.
  • Indices: Access to various global stock indices, allowing traders to speculate on broader market movements.
  • Stocks: CFD trading on 99 global stocks, providing exposure to some of the world’s leading companies.
  • Cryptocurrencies: 17 cryptocurrency pairs, including Bitcoin and Ethereum.

While FBS offers many assets, it’s important to note that the selection of stocks for trading is relatively limited compared to dedicated stock trading platforms.

Leverage and Trading Hours

FBS offers flexible leverage options to cater to different client profiles.

For traders in the EU, leverage is limited to a maximum of 1:30 due to regulatory requirements.

However, professional account holders can access higher leverage of up to 1:500, allowing for larger market exposure.

Trading hours at FBS vary depending on the asset class.

Forex markets operate 24 hours a day during the trading week, while other assets like indices and commodities have specific trading hours.

Account Types Offered

FBS offers three primary account types to suit the diverse needs of traders:

  • Standard Account: Suitable for experienced traders, offering competitive spreads and various trading instruments.
  • Cent Account: Designed for beginners, allowing traders to start with small deposits and lower risk.
  • Crypto Account: Tailored for cryptocurrency trading enthusiasts, offering access to a selection of digital assets.

FBS also provides options for professional trader status, which can include increased leverage and other benefits.

Demo Account

FBS offers a demo account for traders who want to practice their trading strategies without risking real money.

The demo account is an excellent tool for beginners to gain experience and for experienced traders to test new strategies in a risk-free environment.

  • Availability: Available to traders worldwide.
  • Purpose: For educational and practice purposes.
  • Virtual Funds: Provided for simulated trading.
  • Access to Platforms: Access to MetaTrader 4 and MetaTrader 5.
  • Real Market Conditions: Replicates real market conditions.
  • Expiration: Typically does not expire if actively used.
  • Reloadable: Additional virtual funds can be requested.
  • Switch to Live Account: Transitioning to a live account is easy.
  • Risk-Free: No risk of losing real money.
  • Monitoring Progress: Allows tracking of trading performance.
  • Limitations: Some differences from real trading.

The FBS demo account is a risk-free environment for traders to practice and gain confidence in their trading skills before moving on to live trading with real capital.

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Trading Platforms

  1. MetaTrader 4 (MT4):
    • Overview: MT4 is a widely acclaimed and popular trading platform known for its user-friendly interface and robust features.
    • Key Features:
      • Multiple timeframes and chart types.
      • Technical analysis tools, indicators, and customizable charts.
      • Automated trading through Expert Advisors (EA).
      • Supports various order types, including market, limit, and stop orders.
      • Real-time news and economic calendar integration.
      • Secure and stable platform for trading.
  2. MetaTrader 5 (MT5):
    • Overview: MT5 is an advanced trading platform that offers additional features compared to MT4, making it suitable for more complex trading strategies.
    • Key Features:
      • All features of MT4, plus additional timeframes and chart types.
      • More technical indicators and analysis tools.
      • Depth of Market (DOM) for better order book visibility.
      • Economic calendar, news, and market analysis.
      • Supports more asset classes, including stocks and commodities.
  3. FBS Trader:
    • Overview: FBS Trader is a proprietary mobile trading platform offered by FBS, designed for traders who prefer to trade on the go.
    • Key Features:
      • User-friendly interface optimized for mobile devices.
      • Access to a wide range of trading instruments.
      • Real-time price quotes and charting tools.
      • Secure login and account management.
      • Available for both Android and iOS devices.
  4. WebTrader:
    • Overview: FBS also provides a web-based trading platform accessible through a web browser without the need for software installation.
    • Key Features:
      • No download or installation required.
      • Accessible from any device with an internet connection and web browser.
      • Real-time market data, charts, and technical analysis tools.
      • Trading directly from the web interface.

FBS offers a diverse set of trading platforms to cater to the preferences of different traders, whether they prefer the simplicity of MT4, the advanced features of MT5, mobile trading with FBS Trader, or the convenience of web-based trading with Web Trader.

These platforms aim to provide a seamless and efficient trading experience to FBS clients.


Here are some of the awards and recognitions that FBS has received:

  1. Best Customer Service Broker Asia 2020: FBS received the “Best Customer Service Broker Asia” award from the Global Banking and Finance Review Awards in 2020. This award recognized FBS for its exceptional customer service in the Asian region. It reflects the company’s commitment to providing top-notch support and assistance to its clients in the Asian market.
  2. Best Forex Broker Asia 2019: The Global Forex Awards named FBS as the “Best Forex Broker in Asia” in 2019. This award highlighted FBS’s strong presence and performance in the forex market in the Asian region. It underlined the broker’s efforts to cater to the needs of Asian traders.
  3. Best Forex Broker Southeast Asia 2017: FBS was honored as the “Best Forex Broker in Southeast Asia” by the Global Forex Awards in 2017. This award emphasized FBS’s excellence in serving traders in the Southeast Asian region, where it had established a significant presence.
  4. Best International Forex Broker 2017: The International Investment and Finance Expo recognized FBS as the “Best International Forex Broker” in 2017. This award highlighted FBS’s global reach and its ability to provide trading services to a diverse international clientele.
  5. Best Customer Service Broker Asia 2016: In 2016, the Global Banking and Finance Review Awards acknowledged FBS once again for its exceptional customer service in Asia. This recognition reaffirmed FBS’s commitment to delivering top-tier support to its clients in the Asian market.
  6. Best Forex Brand Asia 2015: FBS received the “Best Forex Brand Asia” award from the Global Brands Magazine in 2015. This award recognized FBS as a leading and reputable forex brand in the Asian region, showcasing its strong brand presence and trustworthiness among traders.

These awards collectively demonstrated FBS’s dedication to providing high-quality services to its clients, particularly in the Asian market.

Please note that awards can change over time, and it’s essential to check FBS’s official website or recent industry publications for the most up-to-date information on their awards and achievements.

Regulation and Security

FBS is regulated by several reputable authorities, including CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), FSCA (Financial Sector Conduct Authority of South Africa), and FSC Mauritius.

This multi-regulatory framework ensures a high level of security for client funds and ensures that the broker adheres to strict regulatory standards.

FBS also provides negative balance protection for EU clients, which helps prevent traders from losing more than their initial investment.

Research and Education

The company offers a comprehensive range of research and educational resources to support traders:

  • Market Analysis: Daily market analysis, forecasts, and insights.
  • Educational Materials: A wealth of educational content, including articles, videos, courses, and webinars.
  • Economic Calendar: Keeps traders informed of key economic events and their potential impact on the markets.
  • Trading Tools: Access to various trading tools and indicators to enhance decision-making.

These resources make FBS a suitable choice for traders looking to expand their knowledge and make informed trading decisions.

Customer Support

FBS prides itself on responsive and helpful customer support.

Clients can reach the support team through multiple channels, including phone, live chat, and email.

The support team is available in multiple languages to assist clients from around the world.

Bonuses and Promotions

FBS frequently offers promotional bonuses and contests to its clients.

These promotions can include deposit bonuses, cashback offers, and trading contests with valuable prizes.

Traders should be aware of the terms and conditions associated with these promotions, as they may affect trading conditions and withdrawal eligibility.

Account Opening

Opening an account with FBS is a straightforward and fully digital process.

Traders need to provide some personal information and complete a Know Your Customer (KYC) verification.

The KYC process is especially important for EU clients due to regulatory requirements.

Step 1: Visit FBS Website

Step 2: Choose ‘Open Account’

  • On the FBS homepage, you will typically find a prominent “Open Account” or “Sign Up” button. Click on it to begin the account opening process.

Step 3: Select Account Type

  • FBS offers various types of trading accounts, including Cent, Micro, Standard, Zero Spread, and ECN accounts. Choose the type of account that suits your trading preferences and click “Open Account” under your chosen account type.

Step 4: Fill in Personal Information

  • You will be directed to a registration form. Fill in your personal information, including your name, email address, phone number, and country of residence. Ensure that you provide accurate and up-to-date information.

Step 5: Create a Password

  • Create a strong and secure password for your FBS account. It’s crucial to choose a password that is not easily guessable and includes a mix of letters, numbers, and symbols.

Step 6: Account Verification

  • To comply with regulatory requirements and ensure the security of your account, FBS may ask you to complete an identity verification process. This typically involves uploading a copy of your government-issued ID (passport, driver’s license) and a proof of address document (utility bill or bank statement).

Step 7: Accept Terms and Conditions

  • Review FBS’s terms and conditions, as well as any other legal documents, and accept them if you agree. It’s essential to understand the terms of service and policies governing your trading account.

Step 8: Choose Account Currency

  • Select the currency in which you want your trading account to be denominated. FBS offers various currency options to cater to traders from different regions.

Step 9: Complete Additional Information

  • Depending on the type of account you choose, you may need to provide additional information such as financial details and trading experience. This helps FBS tailor its services to your needs.

Step 10: Submit Your Application

  • Once you’ve filled in all the required information and uploaded any necessary documents, review your application to ensure accuracy. Click the “Open Account” or “Submit” button to send your application to FBS.

Step 11: Account Confirmation

  • After submitting your application, you will receive a confirmation email from FBS. Follow the instructions in the email to confirm your registration.

Step 12: Fund Your Account

  • Once your account is verified and confirmed, you can fund it by making a deposit using one of the supported payment methods.

Step 13: Start Trading

  • With a funded account, you can now log in to your FBS trading platform of choice and start trading forex, commodities, stocks, or other assets.

It’s important to note that the account opening process may vary slightly depending on your location and regulatory requirements.

Additionally, FBS may update its procedures, so it’s advisable to refer to their official website or contact their customer support for the most current and accurate information on opening an account.

Payment Methods

The broker supports plenty of payment methods for deposits and withdrawals.

These include credit/debit cards, electronic payment systems like Skrill and Neteller, and bank wire transfers.

The availability of specific payment methods may vary depending on your location.

  1. Bank Wire Transfer:
    • You can deposit and withdraw funds from your FBS trading account using bank wire transfers. This method typically involves transferring funds directly from your bank account to your FBS trading account.
  2. Credit/Debit Cards:
    • FBS accepts major credit and debit cards, such as Visa and MasterCard, for deposits and withdrawals. This method provides a convenient way to fund your account instantly.
  3. Electronic Payment Systems:
    • FBS supports various electronic payment systems, including popular options like Skrill, Neteller, Perfect Money, and WebMoney. These systems offer fast and secure transactions.
  4. Cryptocurrency Deposits:
    • Some FBS regions may allow cryptocurrency deposits. You can fund your account using cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Cryptocurrency transactions often provide anonymity and fast processing times.
  5. Local Payment Methods:
    • Depending on your location, FBS may offer local payment methods that are popular in your region. These methods cater to traders who prefer local banking options.
  6. E-Wallets:
    • In addition to Skrill, Neteller, and WebMoney, FBS may support other e-wallets as well, offering a convenient way to manage your funds.
  7. Prepaid Cards:
    • Some prepaid cards may be accepted by FBS for deposits. Prepaid cards provide a level of anonymity and can be a secure option for online transactions.
  8. Online Banking:
    • Online banking services specific to certain countries or regions may be supported for both deposits and withdrawals.
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Deposits and Withdrawals

FBS offers free deposits and withdrawals, which is advantageous for traders seeking cost-effective options.

Electronic payment methods typically result in swift processing times, with deposits often credited to trading accounts instantly and withdrawals processed within 24 hours.

Is FBS Broker a Good Broker?

FBS is a reputable broker with a strong track record of providing competitive trading conditions and excellent support services.

Its range of account types, educational resources, and regulatory compliance make it a good choice for traders of all levels.

However, traders should carefully assess their individual needs and preferences before choosing a broker.

Alternative Brokers & Comparisons

When considering a broker, it’s essential to compare FBS with other brokers to find the one that best aligns with your trading objectives.

Some alternative brokers worth exploring include XM, IG, and Pepperstone.

  1. XM Group:
    • Comparison: XM Group offers competitive spreads and a wide range of trading instruments. They are known for their user-friendly platforms, including MT4 and MT5. Additionally, XM provides excellent customer support and educational resources.
  2. IG Group:
    • Comparison: IG is a globally recognized broker with a strong reputation for research and analysis tools. They offer access to a diverse range of assets, including forex, stocks, indices, and cryptocurrencies. IG is well-regulated and provides a user-friendly trading platform.
  3. OANDA:
    • Comparison: OANDA is known for its transparent pricing and risk management tools. They provide access to a comprehensive list of currency pairs and offer user-friendly platforms. OANDA is a reliable choice for both beginners and experienced traders.
  4. Pepperstone:
    • Comparison: Pepperstone is popular for its tight spreads and fast execution. They offer multiple trading platforms, including MT4, MT5, and cTrader, catering to traders of all levels. Pepperstone is known for its ECN trading environment.
  5. AvaTrade:
    • Comparison: AvaTrade provides extensive educational resources, making it suitable for beginners. They offer a wide range of assets, including cryptocurrencies. AvaTrade’s customer support is responsive, and they offer user-friendly platforms.
  6. Admiral Markets:
    • Comparison: Admiral Markets offers competitive spreads and various account types. They provide the MetaTrader platform suite and access to a diverse selection of trading instruments. Admiral Markets is well-regulated and has a strong global presence.
  7. FXCM:
    • Comparison: FXCM is a broker with a long history in the forex industry. They offer a range of trading platforms and educational resources. FXCM provides access to various currency pairs and CFDs.
  8. Forex.com:
    • Comparison: Forex.com is a well-regulated broker known for its research and analysis tools. They offer educational resources and access to multiple asset classes, including forex and cryptocurrencies.
  9. Interactive Brokers:
    • Comparison: Interactive Brokers is a global brokerage known for its low fees and access to a wide range of markets, including forex, stocks, options, and futures. They provide advanced trading tools and research resources.
  10. ThinkMarkets:
    • Comparison: ThinkMarkets offers competitive spreads and a choice of trading platforms, including MT4 and MT5. They provide educational materials and market analysis to assist traders.

When comparing these alternatives to FBS, consider factors such as trading costs (spreads and fees), available trading instruments, regulatory status, customer support, and the trading platforms offered.

Additionally, consider your specific trading goals and preferences when choosing a broker.

It’s essential to conduct thorough research and possibly open demo accounts with a few brokers to assess which one aligns best with your trading style and objectives.


In conclusion, FBS is a well-established and regulated broker that offers a wide range of trading opportunities for clients around the world.

With competitive spreads, different account types to choose from, and extensive educational resources, it caters to both novice and experienced traders.

Its commitment to security, customer support, and user-friendly trading platforms makes it a strong contender in the online brokerage industry.

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Contact Info

FAQ – Frequently Asked Questions

What is FBS?

FBS is an international online forex and CFD broker that provides trading services to traders worldwide. They offer access to various financial markets, including forex, stocks, metals, and cryptocurrencies.

What trading platforms does FBS offer?
FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely used by traders for their advanced charting and trading capabilities.

What is the minimum deposit required to open an account with FBS?
The minimum deposit required to open an account with FBS is $1.07. This low minimum deposit makes it accessible to traders with various budget levels.

Does FBS offer a demo account?

Yes, FBS provides a demo account option, allowing traders to practice trading strategies and explore the platform’s features without risking real money.

What payment methods are available for deposits and withdrawals at FBS?
FBS offers a variety of payment methods, including bank transfers, credit/debit cards, e-wallets (e.g., Skrill, Neteller), and local payment methods, depending on your region.

What is the maximum leverage offered by FBS?
The maximum leverage available at FBS can vary depending on the account type and the trader’s region. Leverage can go up to 1:3000 for certain accounts.

Is Islamic (swap-free) trading available at FBS?

Yes, FBS offers Islamic accounts, which are swap-free accounts compliant with Islamic finance principles. These accounts do not incur or pay interest on positions held overnight.

What kind of educational resources does FBS provide?

FBS offers a range of educational materials, including webinars, video tutorials, articles, and market analysis. They aim to help traders improve their skills and knowledge.

Are there any bonuses or promotions offered by FBS?
Yes, FBS frequently runs various promotions and bonuses for both new and existing clients. These may include deposit bonuses, cashback programs, and contests.
What is FBS's customer support like?

FBS provides customer support through various channels, including live chat, email, and phone support. They aim to offer responsive and multilingual customer service to assist traders with any inquiries or issues they may encounter during their trading experience. Additionally, FBS’s website often includes a comprehensive FAQ section to address common questions.

References and Sources

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Article written, edited and reviewed by


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Last updated: July 5, 2024