FBS Broker Review. All You Need To Know ☑️ (2024)

FBS Broker Review
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FBS is an online broker that offers financial market trading in forex and CFDs. This FBS broker review takes an in-depth look at the broker’s legitimacy, leverage offering, spreads, account opening procedure and minimum deposits.

FBS Broker Overview

FBS is a fully regulated and award-winning international forex and CFD broker established in 2009 with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. The broker brings transparent conditions for trading using popular instruments including Forex, Crypto, and Metals all connected by split-second execution through the ECN model.

The broker boasts of over 17 million happy clients in over 150 countries. It invests in technology to make the trading process smooth and more convenient for its clients.

Our FBS broker review team found that clients can access a wide range of assets for trading including:

  • Forex – 28 standard pairs plus 16 exotics
  • Metals – four precious metals
  • Energies – WTI and Brent crude oil
  • Stocks (global only) – 40 US, 30 UK, and 30 German company shares
  • Indices – long list of cash-based indexes including the NASDAQ
  • Cryptocurrency – Crypto trading is available via the FBS Trader app and the web-based Personal area. Cryptos can be traded directly, and in a range of 35 pairs – crypto/crypto or crypto/fiat, such as BTC/USD and LTC/USD

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 Broker's Name FBS
Regulation CySEC, ASIC, IFSC, FSCA,
Year Founded 2009
Minimum deposit $1 for the cent account, $5 Micro Account, $500 Zero Spread Account
Maximum Leverage 1: 3000
Islamic Account? Yes
Types of assets traded Forex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies
Supported lot sizes 0.01 – 500
Demo account Yes
Languages supported on Website Deutsch,English,Español,Français,Italiano,Português
Payment methods Neteller; Sticpay; Skrill; Perfect Money
 Is scalping allowed? Yes
Are multiple accounts supported Yes
Is PAMM supported  No
Is CopyTrader supported?  Yes

FBS Broker Review

FBS Account Types

This FBS broker review found that FBS offer both demo and live trading accounts for all its account types. This gives you exactly what you may look for, regardless of the level of the experience. FBS even has a demo contest called the FBS league. You stand a chance to win $450 in this contest.

While opening an account you may choose between Standard Account and Cent Account, which is a perfect option for beginners due to its much lower requirements and risks involved.

FBS account types to select from:

  • Cent Account – balances reflect in cents, offering traders a low-risk trading environment
  • Micro Account – assist traders in calculating their profits more accurately with a wide range of tools
  • Standard Account – provides traders with a more traditional and conventional trading experience
  • Zero Spread Account – spreads start from 0.0 pips
  • ECN Account – a popular choice for advanced and professional traders
  • Crypto Account – provides over 100 instruments with digital currencies

FBS Cent account

This account perfectly suits beginners who are just starting on their way to success on Forex

  • Initial deposit: $1
  • Spread: From 1 pip
  • Order volume: 0.01 – 1000 cent lots
  • Leverage: Up to 1:1000


Account Type FBS Cent Account
Minimum Deposit $1 / R 16 ZAR
Floating spreads From 1 pip
Commission Zero-commission trading
Leverage 1:1000
Open positions Max 200
Order volumes from 0.01 up to 1000 cent lots, with 0.01 step
Market execution from 0.3 seconds, straight-through processing (STP)
Conversion option Available to convert to Islamic Account
Learn more about the FBS Cent Account

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FBS Micro account

This account type is ideal for those who want to calculate their profit precisely

  • Initial deposit: $5
  • Spread: Fixed from 3 pips
  • Order volume: 0.01 – 500 lots
  • Leverage: Up to 1:3000


Account type FBS Micro Account
Minimum Deposit $5 / R 80 ZAR
Fixed spreads 3 pips
Commission Zero-commission trading
Leverage 1:3000
Open positions Max 200
Order volumes from 0.01 up to 500 lots, with 0.01 steps
Market execution from 0.3 seconds, straight-through processing (STP)
Bonus Variety available
Conversion option Available to convert to Islamic Account
Learn more about the FBS Micro Account

FBS Standard Account

This account type is for experienced market players making their way to Forex heights

  • Initial deposit: $100
  • Spread: From 0.5 pip
  • Order volume: 0.01 – 500 lots
  • Leverage: Up to 1:3000

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Feature FBS
Minimum Deposit $100 / R 1600 ZAR
Floating spreads from 0.5 pips
Commission Zero-commission trading
Leverage 1:3000
Open positions Max 200
Order volumes from 0.01 up to 500 lots, with 0.01 steps
Market execution from 0.3 seconds, straight-through processing (STP)
Bonus Variety available
Conversion option Available to convert to Islamic Account
Learn more about the FBS Standard Account

FBS Zero Spread Account

This account type is designed for those who prefer trading at the fastest speeds

  • Initial deposit: $500
  • Spread: Fixed, 0 pip
  • Order volume0.01 – 500 lots
  • Leverage: Up to 1:300


Account Type FBS Zero Spread Account
Minimum Deposit $500 / R 8000 ZAR
Fixed spreads 0.0 pips
Commission from $20 per lot
Leverage 1:3000
Open positions Max 200
Order volumes from 0.01 up to 500 lots, with 0.01 steps
Market execution from 0.3 seconds, straight-through processing (STP)
Bonus Variety available
Conversional option Available to convert to Islamic Account
Learn more about the FBS Zero Spread Account

FBS ECN Account

This account type fits those who want to feel the full power of trading with ECN technologies.

  • Initial deposit: $1000
  • Spread: From   -1 pip
  • Order volume: 0.1 – 500 lots
  • Leverage: Up to 1:500


Account Type FBS ECN Account
Minimum Deposit $1000 / R 16 000 ZAR
Floating spreads from -1 pip
Commission from $6
Leverage 1:500
Open positions No Limit
Order volumes from 0.01 up to 500 lots, with 0.01 steps.
Pricing ECN execution and pricing
Learn more about the FBS ECN Account


FBS Crypto Account

FBS has launched a new Crypto account specifically for trading cryptocurrencies, using USD (Tether). The new Crypto account has over 100 instruments with digital currencies, the Crypto account has both real and demo versions and relatively low spreads with a leverage of 1:5.

  • Currency: USDT (Tether)
  • Leverage: 1:5
  • Initial deposit: from $1
  • Commission on opening positions: 0.05%
  • Commission on closing positions: 0.05%
  • Floating spread from 1 pip

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Account Type FBS Crypto Account
Minimum Deposit $1 / R 16 ZAR
Floating spreads from 1 pip
Commission 0.05% on opening & closing positions
Leverage 1:5
Currency USDT (Tether)
Learn more about the FBS Crypto Account

How To Open an FBS Trading Account

Our FBS broker review found that the process of opening an FBS account is simple and straightforward.

  1. Visit the website fbs.com or click here to get to the FBS real account registration page.
  2. Click the “Open an account” button in the top right corner of the website. You’ll need to go through the registration procedure and get a personal area.
    How to open an FBS Trading account
  3. You can register via a social network or enter the data required for account registration manually. If you register via a social network make sure the account bears your full name as it appears on your identity documents. This is to ensure that you will not have any challenges later on when you want to verify your account.Enter your valid email and full name. Make sure to check that the data is correct; it will be needed for verification and a smooth withdrawal process. Then click on the “Register as Trader” button.
    fbs broker review how to open an account
  4. The system will generate a temporary password. You can continue using it, but we recommend that you change it for enhanced security. An email confirmation link will be sent to your email address. Make sure you open the link in the same browser your open Personal Area is.
  5. As soon as your email address is confirmed, you will be able to open your first trading account. You can open a Real account or a Demo one.You will need to choose an account type as FBS offers a variety of account types.
  6. Download the platform that works with your account. This FBS broker review found that the broker offers both MT4 and MT5 across the different accounts
  7. You will see your account information. Make sure to save it and keep it in a safe place. Note that you will need to enter your account number (MetaTrader login), trading password (MetaTrader password), and MetaTrader server to MetaTrader4 or MetaTrader5 to start trading.

After doing these steps you would have successfully completed the FBS broker account registration.

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Is FBS Safe or is it a Scam?

No, FBS is not a scam. This transparent forex broker of FBS is 100% trustworthy and reliable. FBS adheres to the IFSC and is regulated by the Cyprus Securities. It also has over 17 million happy customers worldwide as a testimony of its dependability.

FBS Platforms and Trading Styles.

FBS offers the MT4 and MT5 platforms. This includes desktop, mobile and web versions.  FBS also offers its own proprietary trading platform, FBS Trader.
All trading styles are permitted including EA/Robots, Scalping, and News Spike Trading.

FBS Broker Review: Trading Restrictions.

FBS does NOT accept clients from the USA. The broker also does not accept traders from Brazil, Canada, Iran, Israel, Japan, Malaysia, Myanmar, and the United Kingdom.

FBS Trading Fees

Spreads offered by FBS vary by account type and region. For EUR/USD, the global firm offers a spread of 3.0 pips on its Micro account, 1.1 on its Standard and Cent accounts and zero pip spreads on its Zero and ECN accounts.

In the EU the same spread is 0.7 pips with both the Standard and Cent accounts. Our review was pleased to see competitive spreads with the Zero and ECN accounts.

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The global branch charges a fixed rate commission of $20 per lot on the Zero Spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading. Commissions for opening and closing positions on the broker’s crypto trading account are 0.05%.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee

FBS Withdrawal & Deposit Methods

This FBS broker review found that the minimum deposit ais different for each account type and trading region. The EU firm requires an initial deposit of €10 on the Cent account and €100 on the Standard.

The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the Cent, Micro, Standard, Zero Spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), Visa, and electronic payment systems, such as Skrill and Neteller.

Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested


FBS Broker Review:  Customer Support

This FBS broker review found that the broker has exceptional support. You will find FBS Customer Support available 24/7 accessible either through live chat, international phone lines, email or even social media.

Definitely, FBS stands at a quality support level which is always good and necessary thought out all your trading process. FBS gives relevant and fast answers to concerns and questions and is marketed as a client-oriented broker.

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FBS Broker Review: Education

There are numerous educational materials and programs provided by FBS also that are designed to enhance the trading capabilities of its clients.

This is an especially good point for beginner traders, as firstly you should understand the industry well, practice strategy through Demo Account, which is available on an unlimited basis and then follows with Live trading.

At the FBS learning centre you will find a range of Webinars, Forex Guidebooks, numerous Tips for traders, Video Lessons along with Glossary materials. All in all, FBS education is quite sustainable and well organized, also you will find other good tools including research and analysis very important at any step of the trading career.

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FBS Broker Review: Pros and Cons

Pros Cons
Commissions are covered by FBS Limited options in terms of account opening to EU based traders compared to non-EU offerings
Leverage up to 1:3000 No service to clients from USA, UK, Japan, Israel, Canada
Offers bonuses to new traders Does not offer synthetic indices. These are only offered by Deriv
A range of account types
Variety of educational material
Responsive customer support

FBS Broker Review: Awards

Over the years FBS has received over 40 international awards that recognize them as a Transparent Broker with Best Customer Service and some of the most rewarded Brands worldwide.


  • Highly Recommended Broker Insurance Company in Indonesia of the year, 2015
  • Best Forex Brand, Asia, 2015
  • Best Safety of Client Funds Asia, 2015
  • Best broker in Asia-Pacific region, 2015


  • The Best FX IB Program, 2016
  • Best FX Broker Indonesia, 2016
  • Best Southeast Asia, 2016
  • Best Forex Broker Thailand, 2016
  • Best International Forex Broker, 2016
  • Best Customer Service Broker Asia 2016
  • Top IB Program, 2016



  • Best Investor Education, 2017
  • Best FX IB Program, China 2017
FBS 2018 Awards
  • Best broker in the Middle East, 2018
  • Most Transparent Forex Broker, 2018
  • Best Forex Trading Account, 2018
  • Best Copy Trading Application Global, 2018
  • Best Forex Broker Asia, 2018

Read Other Broker Reviews


  • Most Progressive Forex Broker Europe, 2019
  • Best Forex Broker Vietnam, 2019

2020 Awards
  • Best Copy Trading Application – Global 2020 (CFI)
  • Best Forex Broker – Asia 2020 (CFI)
  • The Most Reliable Forex Broker MENA 2020 (European)
  • The Most Reliable Forex Broker LatAam 2020(European)
  • The Most Reliable Forex Broker Asia 2020(European)
  • Best Mobile Trading Platform Asia 2020 (Global Banking and Finance)
  • Best Social Trading Application MENA 2020 (Global Banking and Finance)
  • Best Forex Broker LatAm 2020 (Global Banking and Finance)
  • Best copy Trading App (Smart Vision Investment EXPO 2020)
  • Best Mobile Trading Platform (Smart Vision Investment EXPO 2020)
  • Best Forex Broker (Smart Vision Investment EXPO 2020)


2021 Awards
  • Best Forex Broker – Thailand 2021. 11th-year Global Banking & Finance Awards (Global Banking & Finance review)
  • Best Trading Broker – South East Asia (The European Global Banking & Finance Awards 2021)
  • Best Social Trading Platform Indonesia 2021 11th year Global Banking & Finance Awards (Global Banking & Finance review)
  • Best Mobile Copy Trading Application LATAM (The European Global Banking & Finance Awards 2021)
  • Best Mobile Trading Platform Europe (The European Global Banking & Finance Awards 2021)

FBS Broker Review: Conclusion

Our FBS broker review has shown that this is a regulated and safe broker that is very competitive in terms of its trading fees. The broker is trustworthy and credible as shown by the fact that 17 million people have chosen FBS to be their broker of choice globally.

FBS represents a brokerage company, which relies on fair-trading services and brings an opportunity to every trader no matter the level of expertise or even size of investments.

The range of account types, platforms advanced tools, and convenient customer support proof this. Trading costs are average, and there is no misunderstanding in the market that FBS is a model company as an ECN Broker.

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