FBS Review 2024: Regulations, Pros & Cons, Leverage and Fees
In-depth analysis of FBS, a top forex and CFD broker, you can start your thorough investigation. FBS, founded in 2009 with its headquarters in Cyprus, has solidified its reputation as a reliable brand by providing traders worldwide with more than 150 instruments in the main asset classes.
Factors considered for FBS review:
- Security regulations and licenses
- Pros and Cons of FBS
- FBS features
- FBS account types
- FBS fee structure
- FBS customer support and education
Our FBS review explores the platform’s main characteristics and features, making it appealing to traders of all skill levels. These include lightning-fast order execution, a wealth of educational resources, and a low minimum deposit requirement, regardless of experience level.
Discover the nuances of FBS’s platform and how it complies with CySEC regulations and prioritizes security and integrity in all business operations. Examining trader reviews of FBS and assessing the platform can offer valuable perspectives on the trading experience in general and assist in determining whether FBS fulfills one’s needs.
FBS Overview
| Official Website | https://fbs.com/ |
| Headquarters, founded year | Cyprus, 2009 |
| Regulated | FSC, CySEC, FSCA, ASIC |
| Product Offered | Forex, Metals, Indices, Energies, Forex Exotic, Stocks, Crypto |
| Minimum Initial Deposit | Standard Account:- $5 Cent Account:- $5 Pro Account:- $200 |
| Maximum Leverage | Standard Account:- 3000:1 Cent Account:- 1000:1 Pro Account:- 2000:1 |
| MT4 and MT5 | Yes |
| Trading and inactivity fee | $0 |
| Supported currencies | USD, EUR, BTC, LTC, ETH, DASH |
| Customer Support | Yes, via Live Chat, Callback, Email, & FAQ Support |
| Islamic Accounts and demo account | Yes |
What Is FBS?
FBS, a globally recognized broker in over 150 countries, has attracted a substantial clientele base, boasting 23 million traders and 410,000 partners. Whether FBS is a good broker depends on individual preferences and needs.
Prospective traders should thoroughly research factors such as regulatory compliance, trading conditions, customer support, and industry reputation. Exploring FBS trader reviews and evaluating the platform can provide insights into the overall trading experience and help determine if FBS meets one’s requirements.
The most preferred forex company, an FBS broker, offers access to the MetaTrader platforms to enable trading and investment in foreign exchange, metals, energy commodities, stock trades, shares, cryptocurrencies, and indices. WBO, an international business magazine, has also named FBS its top choice for the ‘‘Best Customer Service Broker Global 2022’.
Security Regulations & Licenses
In forex trading, ensuring the highest level of security and compliance is crucial. Transparency and trust are our top priorities at FBS, and we uphold strict regulatory guidelines set by reliable authorities.
FBS regulatory authorities
- FBS, a business established in Cyprus, offers customers a safe and secure trading environment.
- Regulated by CySEC in Cyprus and FSC in Belize for international branches.
- FSCA secures FBS in South Africa, while ASIC oversees operations in Australia.
FBS compliance
- FBS forex platform prioritizes regulatory compliance for maximum security.
- KYC verification and AML guidelines minimize fraudulent risks.
FBS data security
- 2FA authentication and segregated accounts ensure client fund protection, guaranteeing a safe trading environment.
FBS risk disclosure
- Forex trading carries inherent risks, including potential loss of funds due to market volatility and leverage.
- To make informed trading decisions, clients must fully comprehend market complexities, such as geopolitical events and currency fluctuations.
FBS security measure
- FBS segregates client funds, providing insurance coverage against financial losses.
- Advanced encryption technology protects client data from unauthorized access or theft.
- Multi-factor authentication prevents unauthorized account access, including SMS codes or Google Authenticator.
- Anti-fraud measures and cybersecurity protocols ensure the security and integrity of the trading platform.
FBS supported languages
Arabic, Chinese, English, Japanese, Korean, Portuguese, Russian, Spanish, Tamil, Thai, and Vietnamese.
FBS Pros and Cons
According to the FBS review, the pros and cons of the FBS platform are tabulated below:
| Pros | Cons |
| The forex brokers of FBS charge a very low commission fee. | The trading opportunities are very limited for EU-based users. |
| The traders can conduct leveraged trading up to their ratio of 1:3000. | Service is restricted in countries like the US, Japan, Canada, and Israel. |
| FBS offers quite a few lucrative deposit bonuses and promos. | Lacks proprietary web and desktop platforms. |
| A wide range of account types is available curated for the traders’ various needs. | A limited number of FBS stocks to trade. |
| The platform provides a wealth of educational content to the traders. | |
| Convenient customer support is available 24×7. |
Features of FBS
FBS provides wide-ranging services to empower traders and improve their trading environment. Discover how FBS offers traders a dependable and user-friendly platform worldwide with its unique features and strong security measures.
Trading Instruments
- Indices: Diverse global indices for market speculation.
The typical spread for trading in energy commodities ranges between 8 and 14. The commodities are available at a lot size of 10,000, and the trading orders are executed in exchange for USD currency.
- Energies: Trade crude oil, natural gas, and more.
- Forex Exotic: Unique exotic currency pairs available.
- Stocks: Access global stocks for investment.
Trading platforms
- MetaTrader 4: Advanced trading platform for forex and CFDs.
- MetaTrader 5: Feature-rich platform with enhanced trading capabilities.
- FBS Trader app: Mobile trading app for convenient access to markets on the go.
Charting tools
Traders use the line, bar, and candlestick charts as their main navigational tools in FBS. Various types of charts offer unique perspectives on price fluctuations and market behavior. To properly evaluate market trends and execute profitable transactions, traders must be able to identify these deviations.
- Line chart
- Bar chart
- Candlestick chart
Risk management tools
- Cutting-edge technical indicators and tools to boost decision accuracy, reduce risk, and forecast dependable trading conditions.
- An even more impressive depth perspective of the market leader and increased flexibility in order types and timings make copy-trading tactics more viable.
FBS leverage
FBS offers a specific Islamic account for trading cryptocurrencies. Digital investors employ a range of trading instruments and indicators to open and liquidate positions on popular cryptocurrency tokens.
| Account type | Leverage |
|---|---|
| Micro Account | 3000:1 |
| Cent Account | 1000:1 |
| Zero Account | 3000:1 |
| Standard Account | 3000:1 |
| Crypto Account | 5:1 |
| ECN Account | 500:1 |
FBS account types
Based on financial constraints and geographic limitations, traders can open accounts with the finest forex broker. The following highlights some of the characteristics that differ throughout other brokers’ various broker accounts:
Standard account
Geared for conventional trading, providing commission-free competitive spreads, adjustable leverage up to 1:3000, and access to a wide range of instruments on platforms such as MetaTrader 4, MetaTrader 5, and the FBS Trader app, including indices, commodities, Forex exotics, stocks, and cryptocurrencies. Before registering for
an honest account, traders can test the demo version first.
Cent account
Balances and transactions are shown and carried out in pennies, reducing risk and making it ideal for novice traders. It is perfect for novices starting in the trading world or seasoned traders experimenting with different approaches.
Minimum deposits needed to access trading opportunities are as low as $1. provides access to a wide range of trading assets, including equities, cryptocurrencies, energy, commodities, indices, and Forex. Supported on the MetaTrader 4 and MetaTrader 5 platforms; a practice version is available.
Pro account
With Swap-free trading for more flexibility, FBS’s Pro account will enhance your trading experience. With a wide range of features catered to sophisticated trading requirements, it is designed with professional traders in mind.
Manage risks well while executing trading strategies efficiently and saving on large transactions. Take advantage of extra features only available with the Pro account, making it the best option for seasoned traders who want to reach their full trading potential.
Islamic account
FBS recognizes and respects the diverse needs of our clients. For our Muslim traders, we offer swap-free accounts, also known as Islamic accounts, which align with the teachings of Islam.
How to open an FBS account?
Opening an account with FBS is quick and straightforward. Begin by clicking our website’s ‘Open an Account’ button to kickstart your trading journey.
- It’s easy to open an account with FBS. Click the FBS website’s ‘Open an Account’ link to begin trading.
- Proceed to the Personal Area once the profile verification procedures are finished.
- Check the numbers on your email and phone.
- Please verify your identity to safeguard your funds and private information.
- After the verification process is complete, access your selected trading platform.
- Start trading with assurance when you use FBS.
Once your account has been successfully opened, complete the profile verification steps for added security. You can begin trading on our feature-rich platform once you’ve been verified.
FBS Educational Resources
The website provides courses and specific training materials to help traders of all ability levels develop their trading abilities.
These resources ensure Continuous improvement, which covers risk management, market psychology, fundamental and technical analysis, detailed instructions for beginners, and in-depth analysis for more seasoned traders.
FBS Customer Support
Based on numerous internet reviews and our investigation, we can state that customer service is offered by phone and live chat around the clock at the FBS platform’s ECN Broker website. By providing the phone number in the form on the proprietary trading platform, customers can seek the finest customer care via a callback from the customer support team.
Live chat support is provided 24/7 at the ECN broker site to assist with urgent difficulties. When trading stocks or using a mobile trading app, you can email support FBS to contact the customer support staff or VPS service support FBS at the top forex broker site. However, the broker platform also provides a help center for users to clear their doubts, resulting in faster output.
FBS Awards and Achivements
Some significant honors and recognition for proficiency in the financial industry have helped FBS Forex Broker establish itself as one of the leading providers of trading services. Just a handful of the company’s outstanding accolades are its top accomplishments, which speak for creativity, reliability, and client satisfaction in the quick-paced world of forex trading.
- Best FX IB Program in 2017
- Best Investor Education Program in 2017
- The Best Asian Forex Broker in 2018
- Best Forex Trading Account in 2018
- Most Transparent Forex Trader in 2018
- Best Broker in the Middle East in 2018
- Best Client Support Asia 2023
- Best Introducing Broker Global 2023
- Best Forex Broker Africa 2023
- FBS Awarded for Best Islamic Forex Account
- FBS Earns the Most Reliable Forex Broker 2023 Award
What is unique about FBS?
FBS provides various educational materials for traders of all skill levels, covering basic and advanced trading topics. The emphasis on automated trading is especially notable because it is uncommon in the sector.
FBS is a unique option for traders looking for in-depth learning possibilities because their training materials combine technical and fundamental analysis, psychological aspects of trading, and successful risk management tactics.
Financial markets
The users of FBS are provided with seamless access to a wide variety of markets to allow trading in a broad spectrum of financial assets.
- Forex: 36 standard international currency pairs and 16 exotic currency pairs in the best forex markets.
- 3 Energy commodities: WTI and Brent crude oil.
- Precious metals: 8 metals.
- 11 Indices: Cash-based indices listed at NASDAQ and other global exchanges.
- 127 Stocks and shares: 40 US, 30 German, and 30 UK publicly listed company stocks.
- 5 Cryptocurrencies Pairs: FBS allows traders to conduct trading costs and investments in digital currencies through the online Personal area and the FBS Trader App. The users can engage with payment providers directly, trading 35 cryptocurrency pairs against other cryptos or fiat currencies.
Economic calendar
Also referred to as the forex calendar, the calendar is used to conduct fundamental and technical analyses of forex markets and currency pairs based on market events.
The traders can view the macroeconomic events that influence the market and asset prices in the economic calendar that gets updated in real time automatically. The top economic indicators include The US Treasury Yield Curve, GDP, Interest rates, and Unemployment rate.
An overwhelming number of economic events take place almost daily. The economic calendar of the FBS broker cuts down on the overwhelming content with the help of relevant filters that help display the updates related to the most recent and specific events.
To use the economic calendar, select the time zone and then use the numeric indicators to navigate across the changes in the financial markets. Compare the figures of the Actual, Previous, and Forecast values given in the economic calendar to make prudent business decisions.
Currency converter
The Currency Convertor of the FBS broker is an online copy trading app that is used for the calculation of foreign exchange rates. Traders use the Currency Converter to convert one international currency value into another to check the corresponding value for making forex trading decisions.
To use this financial instrument, the FBS trader has to enter the amount of money and the two currencies for conversion in separate columns to obtain the final result. The exchange rates get updated in real-time in the Currency Converter, eliminating the need for a broker. The tool secures the latest stats from the mt4 mt5 platform and updates the charts dynamically. It also stores the history of exchange rates over the past month to help the traders track the asset price patterns; such features may not be seen in another forex broker present in the market.
Forex calculators
The Forex Calculator is a tool that helps with the quick and convenient estimation of the potential profitability of a Forex trading decision. Traders can also use the calculators to manage irregular market conditions before opening a trading position in the forex market.
Also referred to as the Trader’s Calculator, the Forex Calculator helps compare trading parameters to enable traders to select the correct account type at FBS broker based on their trading needs. The trader has to set the account type, trading instrument, lot size, major currency pairs to be traded, leverage rate, ask price, and bid price to use the calculator for forex trading.
FBS Bonuses & Promotions
Currently, only one promo is going on FBS – a 100% Deposit bonus!
Here, to grab the whopping 100% Deposit bonus, all it takes to fund your account, and your trading will turn out to be two times more effective, providing unlimited profits to your complete satisfaction!
FBS Loyalty Program
Conduct trading regularly and stay active in your account to secure a position in the grand Loyalty Program of the brokerage platform. FBS’s loyal traders and investors are rewarded with cashback, deposit bonuses, and other perks.
FBS Introducing Broker Program
Are you excited to get your business off the ground but without any funds investment? Then, join the excellent, cost-effective affiliate program FBS offers for you. This program offers the best trading commissions in the industry – all you have to do is introduce new customers to FBS. The more they trade, the more you earn.
As part of this program, you will receive high commissions and regular payouts. Meanwhile, you can withdraw 24/7 and receive 20% of your affiliate’s partner’s income and even more! In short, this unique affiliate program by FBS is a great way to raise your income four times! So today is the high time to become an FBS affiliate.
FBS App
The mobile trading platform of FBS offers a Mobile Personal Area that is available for download and installation on any mobile device. To trade forex, the traders may use the FBS trader app to gain access to new data centers, professional advice on reliable status, broker forex guidebooks, personal data, and business statistics on the go through mobile trading.
Who should choose FBS?
High-frequency traders using scalping and intraday trading will benefit from FBS’s “best execution policy” and an average execution speed of less than 40 milliseconds.
Furthermore, FBS is an excellent choice for inexperienced traders looking to learn and advance in the forex market because of its extensive training resources and user-friendly platforms.
FBS Review: Conclusion
It is evident from the extensive FBS review that the brokerage company is highly suited for a trader who is interested in trading assets and investing in a plethora of other assets. Gain access to various international markets and conduct automated trading to rake in rich profits.
Make the best of the high leverage and margins, and conduct trading on the go through the mobile app of FBS. What makes FBS stand out in the industry of forex companies in the high quality of educational content and variety of trade types curated for FBS traders of different levels of expertise.
However, there is a need to make a few improvements, like launching more trading instruments and removing geo-blocking restrictions. Nonetheless, the FBS brokerage company is highly recommended for beginner and advanced traders.