FBS is a brokerage firm with more than 27M users. The company offers a proprietary mobile application for trading with +90 technical indicators.
The spreads on this broker are floating, starting at a minimum of 0.7 pips. No additional trading commissions are charged for clients.
An in-depth review of FBS broker with registration tutorial
FBS Forex Broker; Company Information & Regulation
FBS is a solid company in the online forex trading industry, operating as a broker since 2009. With over a decade of experience, FBS has established itself as a trusted name in the forex world.
But what really sets FBS apart is its rock-solid regulatory framework. The Forex broker is owned and operated by Tradestone Limited, a Cyprus-based entity licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 331/17.
It's also regulated by the Financial Services Commission of Belize (FSC). This authority controls the global branch, and FBS EU, a CySEC-regulated entity, operates in the European market.
The broker offers access to over 550 tradable CFD instruments across forex, indices, commodities, shares, and cryptocurrencies. Known for its reliable customer support, intuitive account setup, and fast execution speeds, FBS is suitable for traders at all levels.
Client funds are held in segregated accounts, and all entities offer negative balance protection, reinforcing the broker’s commitment to transparency and client security.
FBS Summary Of Specifications
In this section, we will have all the key specifics of the broker at a glance. FBS specifics table:
Broker | FBS |
Account Types | Standard |
Regulating Authorities | FSC, CySEC |
Based Currencies | USD, EUR |
Minimum Deposit | $5 |
Deposit Methods | Bank Transfers, Payment Systems, Credit/Debit Cards |
Withdrawal Methods | Bank Transfers, Payment Systems, Credit/Debit Cards |
Minimum Order | 0.01 Cent Lot |
Maximum Leverage | 1:3000 |
Investment Options | No |
Trading Platforms & Apps | MT4, MT5, Mobile App |
Markets | Forex, Energies, Indices, Shares, Metals |
Spread | From 0.7 Pips |
Commission | $0 |
Orders Execution | Market |
Margin Call/Stop Out | 40/20% |
Trading Features | EAs, Hedging |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Phone Call, Email |
Customer Support Hours | 24/7 |
FBS Trading Account Features
This broker previously offered six different account types. Unfortunately, this has changed, and you only have one trading option. Trading account specifications:
Features | Standard Account |
Min. Deposit | $15 |
Leverage | Up to 1:3000 |
Max. Open Positions | 500 (200 Pending Orders) |
Order Volume | From 0.01 to 500 Lots |
In addition, it provides a swap-free (Islamic) account option that complies with Sharia law.
Traders can also test the platform using a demo account, available on MetaTrader 4, MetaTrader 5, and the proprietary FBS mobile app. There are no managed or PAMM accounts offered.
Pros and Cons
Brokers with great features come with some negative points, too, similar to any average brokerage. Let's break them down:
Pros | Cons |
Low Minimum Deposit | No Service Available For Some Countries |
Regulated By A Top-Tier Authority | Only One Trading Account Offered |
Fast Order Execution (0.01 Seconds) | - |
User-Friendly Mobile App | - |
Registration & Verification on FBS: Complete Guide
Getting started with FBS is quick and flexible, offering both standard and express verification methods. Traders can open an account in minutes by signing up with an email or linking social accounts.
Full access is granted after verifying either through document upload or simplified profile info. The process is secure, user-friendly, and tailored for a smooth onboarding experience.
#1 Start the Registration
Visit the FBS official website and click on “Open Account”. You can register using your email and name, or log in instantly via Google, Facebook, or Instagram.
Information required for account opening on FBS brokerage
#2 Set Up Login Credentials
Use the temporary password provided by FBS, or set a personal one that meets platform security requirements.
#3 Confirm Your Email
Open your inbox and click the confirmation link sent by FBS to activate your trading account.
#4 Choose Your Verification Method
Access the Profile Settings to complete identity verification. Either:
- Upload your KYC documents, or
- Use the express option by entering your date of birth and country of residence.
Platforms & Apps on FBS
This broker offers 3 platforms on different devices and operating systems. We will discuss each platform in the next parts.
MetaTrader 5 featulres and specifics on FBS
Metatrader 4
The classic MT4 platform is available for desktop, web, and mobile devices. It offers:
- 50 indicators and tools for charts
- 4 types of pending orders
- Support for VPS hosting
- One-click trading
Links:
Metatrader 5
The next-generation MetaTrader 5 platform builds on MT4's features and adds:
- More timeframes and indicators
- Built-in economic calendar
- More types of pending orders
- Market Depth
- Access to a set of higher-level Expert Advisors
- Hedging option for better risk management
Links:
FBS Mobile App
The broker's proprietary mobile application is "the app that makes you stronger". It offers:
- Fast registration and straightforward verification
- Simple deposits
- Access trading and account stats with one tap
- Over 90 indicators for technical analysis
Download Links:
These platforms cover the needs of both beginners and advanced traders, with fast execution and a responsive user interface.
TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.
Spreads and Commission on FBS
FBS delivers relatively competitive trading costs. The Standard account comes with floating spreads starting from 0.7 pips and zero commission on most instruments.
Live testing during peak trading hours revealed:
- EUR/USD spreads averaged around 1.0–1.1 pips
- Gold spreads ranged from 30–38 cents
- Bitcoin spreads ranged from $38–$43
- Index spreads, such as Dow Jones, wider than industry norms (5.8–6.1 pips)
There are no account maintenance, inactivity, deposit, or withdrawal fees. Swap charges are moderate, and overall, FBS ranks well in terms of trading cost efficiency.
FBS Payment Options
Deposit and withdrawal methods on this broker vary from one region to another, but in most countries, these options are available:
- E-payment Systems: Skrill, Neteller, Sticpay, Perfectmoney, Fasapay, etc.
- Bank Transfers: Depending on the region
- Credit/Debit Cards: Visa, Maestro, Mastercard, etc.
FBS deposit and withdrawal options and methods
Deposits are typically processed instantly, while withdrawals are usually completed within 15–20 minutes and no later than 48 hours.
FBS Copy Trading & Investment Options
Previously, the brokerage had a specific app designed for copy trading, but it was shut down in September 2022. Currently, FBS broker does not offer any facilities or platforms for PAMM accounts and copy trading. Check the official website for any updates regarding this matter.
Tradable Markets and Instruments on FBS
FBS offers over 550 trading instruments across five asset classes, from the Forex market to Metals and Stocks.
- Forex: Most traded currency pairs
- Metals: Gold, Silver, etc.
- Indices: Major global stock indices
- Shares: Stocks from major and minor markets
- Energies: Crude Oil, Natural Gas
However, long-term investment products like ETFs, bonds, and actual equities are not available. FBS is most suitable for short-term CFD traders seeking asset diversity.
The broker also doesn't provide Cryptocurrency CFDs, which can be a letdown for digital asset enthusiasts.
FBS Bonuses and Promotions
Based on our investigations, this brokerage does not seem to be offering any bonuses and promotions at the moment. Since it may change in the future, always check out the official website and channels for any updates.
Customer Support Services
One of the strengths of FBS broker is its 24/7 customer service offering. It also supports multiple languages, such as English, French, and German. The contact channels are as follows:
- Live Chat: through the website or social media accounts
- Email: [support@fbs.com]
- Phone Call: +357 22 010970
Based on reports and investigations, the team responds quickly to messages and inquiries.
Which Countries are Restricted from FBS Services?
While FBS operates globally, it cannot provide services to some countries due to certain regulations, international sanctions, etc. Notable restrictions include:
- United States
- European Union countries
- United Kingdom
- Myanmar
- Israel
- Iran
Always contact customer support to confirm availability in your country.
FBS broker list of restricted countries and regions
FBS Trust Scores & Reviews
In this section, we examine the broker's user score and experts' evaluations of it on reputable websites such as Trustpilot. Some of the available trust scores:
- Trustpilot: 4.3 out of 5, based on over 1400 reviews
- ForexPeaceArmy: 2.527 out of 5, based on more than 360 user reviews
- REVIEWS.io: 4.3 out of 5, based on around 110 reviews
FBS Educational Section Review
The broker's website provides enough educational content to tutor everyone to trade successfully. It consists of these types of materials:
- Video tutorials
- Webinars
- E-books
- Trading glossary
- Economic calendar
- Market analysis
The education section on FBS is divided into different levels for beginners, intermediate clients, and advanced users.
You can check TradingFinder's Forex education section for additional resources.
FBS Compared to Other Brokers
Here's a comparison between FBS's offerings and those of other brokers:
Parameter | FBS Broker | HFM Broker | FxPro Broker | FXGlory Broker |
Regulation | FSC, CySEC | CySEC, DFSA, FCA, FSCA, FSA | FCA, FSCA, CySEC, SCB | No |
Minimum Spread | From 0.7 Pips | From 0.0 Pips | From 0.0 Pips | From 0.1 Pips |
Commission | $0 | From $0 | From $0 | $0 |
Minimum Deposit | $5 | From $0 | $100 | $1 |
Maximum Leverage | 1:3000 | 1:2000 | 1:500 | 1:3000 |
Trading Platforms | MT4, MT5, Mobile App | MT4, MT5, Mobile App | MT4, MT5, cTrader, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5 |
Account Types | Standard | Cent, Zero, Pro, Premium | Standard, Pro, Raw+, Elite | Standard, Premium, VIP, CIP |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 550+ | 1,000+ | 2100+ | 45 |
Trade Execution | Market | Market, Buy Stop, Stop Loss, Limit, Take Profit | Market, Pending | Market, Instant |
Conclusion and final words
FBS is a global multi-asset broker that has restricted its services to 6 regions [United States, EU countries, United Kingdom, Myanmar, Israel, Iran.] More than 110 users on REVIEWS.io have given an average score of 4.3/5 to the company.
The broker allows a maximum number of 500 open positions. The minimum order volume is 0.01 lots.