FBS EU Broker Review 2024

FBS EU is a Forex broker with a cent account requiring a minimum deposit of €10 and a leverage of up to 1:500 (Pro). The trading spreads start from 0.7 pips.

The order volume ranges from 0.01 to 500 lots. MetaTrader 5 is the trading platform utilized by the brokerage.

FBS EU Information & Regulation

FBS EU is the European arm of the global FBS brand in the European Union market, represented by Tradestone Ltd, a Cyprus Investment Firm (CIF) registered under the number HE 353534.

The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 331/17. Other Key Points:

• Established in 2017;
• Office Address located at 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol, Cyprus;
• Registered at Arch. Makariou 111 & Vyronos Р. LORDOS CENTER, BLOCK В, 2nd floor, Office 203 3105, Limassol, Cyprus;
• Adheres to MiFID II regulations and GDPR compliance;
• Member of the Investor Compensation Fund (ICF) of Cyprus;
• Ensures segregation of client funds.

Summary of Key Specifics

Let's take a quick look at the key features that make FBS EU what it is in the forex broker landscape:

Account Types and Specifics

FBS EU mainly offers 4 account types with two of them being live accounts. Let's go through the specifics of each one in the table below:

Also, there's an Islamic account available with no interest fees on overnight positions, suitable for Muslims. In order to change an account status to Professional and access benefits such as a higher leverage, you must pass a certain survey.

Registration and Account Verification

Getting started with FBS EU isn't very different from the registration process on other brokers. Here's a quick guide to opening your account:

1. Visit the broker's website and click on "Open Account;"
2. Provide your email address and full name in the form. Alternatively, register via a Facebook, Google, or Apple account;
3. Agree with data collection, Client Agreement and Key Information Documents, then click "Register;"
4. Choose your account type.

Now, your account is created in the brokerage. For verification, in addition to taking a survey, you must provide a proof of ID, a proof of residence, and a financial proof.

Trading Platforms: Does FBS EU Provide A Proprietary Option?

This broker offers the industry-standard MetaTrader 5 (MT5) platform, known for its useful features and familiar interface.

You can download or access the platform via these operating systems and facilities:

• Android;
• iOS;
• Web;
• Windows;
• MacOS.

Trading Spreads, Commissions, and Other Costs

Brokerages charge their clients with commissions in various services such as trading, deposits, withdrawals, and so on. Trading Fees in FBS EU:

Based on the investigations done by our team on the website, deposits and withdrawals normally do not incur any fees, regardless of the payment system used. No information about the inactivity fees has been provided.

Available Payment Methods on the Broker

FBS EU provides 7 different funding options for deposits and withdrawals to its clients. Here are the methods:

• Credit/Debit Cards: Visa, Mastercard, Maestro;
• E-wallets: Skrill & Neteller;
• Wire Transfer: Via banks, could take 3-4 business days for deposits;
• Rapid Transfer: Provided by the Skrill company.

Alt: FBS EU deposit options

Caption: Deposit options on FBS EU with their specifics

Copy Trading and Passive Earning Options on FBS EU

Per our investigations on the broker's website, it doesn't directly provide any passive income methods; however, it offers copy trading through the MT5 platform.

Traders can find their preferred signal provider on this terminal and copy the strategies. This feature is particularly beneficial for beginners or those with limited time to actively trade.

Bonuses and Promotions

Based on the examinations at the time of writing, FBS EU does not offer any bonuses or promotions due to regulatory restrictions. This is common among CySEC-regulated brokers, as bonus offers can potentially conflict with fair trading practices.

Support Team Contact Options and Working Hours

FBS EU offers its support services through 4 common channels:

• Phone: +357 25 313540;
• Email: info@fbs.eu;
• Callback: Request form on the website;
• Live Chat: Accessible from any page on the website.

Support is available 24/5, Monday to Friday. Also, there's an option to visit the company at its office, located in Limassol, Cyprus. The address was mentioned earlier in the article.

Trust Scores and Evaluations

FBS EU itself doesn't have any trust scores on typical websites such as Trustpilot and REVIEWS.io. However, ScamAdviser has submitted a trust score for its domain and received reviews from users:

• Trustscore is 87/100;
• 3/5 rating based on more than 3,000 reviews from users.

Over 1,900 5-star ratings have been submitted for the broker by the users on this website.

Conclusion and Final Words

FBS EU provides 4 support channels [Phone Call, Email, Callback Request, Live Chat] to its users with a 24/5 schedule.

 You can trade more than 300 instruments across 5 markets [Forex, Stocks, Indices, Metals, Energies] in this broker.

This brokerage enables access to trading tools such as an economic calendar, a currency converter, and Forex calculators.