Overall, FBS can be summarised as a credible broker with very low spreads and commissions. FBS is considered low-risk with a brag-worthy volume per month traded on their platform.FBS offers 24/5 efficient online support which gives them a score of 90 out of 99.
FBS at a Glance
| Broker’s Name | FBS |
| ?️ Headquartered | Cyprus |
| ? FSCA License nr | 50885 |
| ? Accounts | Cent account; Micro account; Standard account; Zero Spread account; ECN account; Crypto account |
| ? Bonus | Open any one of the Level Up accounts and receive $140 / ZAR 2240 bonus |
| ? Year Founded | 2009 |
| ⚖️ Regulating Authorities | IFCS, CySEC, ASIC, FSCA |
| ? Countries not accepted for trade | Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran |
| ☪️ Islamic account (swap-free) | Yes |
| ? Sign up Bonus | $140 |
| ? Demo Account | Yes |
| ? Institutional Accounts | No |
| ? Managed Accounts | No |
| ? Maximum Leverage | 1:3000 |
| ? Minimum Deposit | $1/ ZAR R16 |
| ? Deposit Options | Neteller; Sticpay; Skrill; Perfect Money |
| ? Withdrawal Options | Neteller; Sticpay; Skrill; Perfect Money |
| ? Platform Types | MT4, MT5 |
| ? OS Compatibility | Android, Apple iOS, Web, Windows, macOS, Multiterminal |
| ? Tradable assets offered | Forex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies |
| ?? Languages supported on Website | Deutsch,English,Español,Français,Italiano,Português |
| ? Customer Support Languages | Deutsch,English,Español,Français,Italiano,Português |
| ? Customer Service Hours | 24/5 |
FBS Review – 17 key points quick overview:
- ✔️FBS at a Glance
- ✔️FBS Overview
- ✔️FBS Safe or Scam?
- FBS Account Types
- FBS Crypto Currencies
- FBS Market Instruments
- FBS Fees
- FBS Deposit and Withdrawal
- FBS Trading Platforms
- How to open an FBS Account
- FBS Pros and Cons
- FBS Customer Support
- FBS Education
- FBS Research
- FBS Awards
- FBS Conclusion
- Frequently Asked Questions
FBS Overview
The FBS CFD trading platform was founded in 2009 by investors who were interested in trading research and technical analysis. FBS provides global markets with transparent and trusted applications for more than 27M CFD traders.
Today, FBS is an international brand present in over 150 countries. The brand unites several companies offering their clients opportunities to trade Margin FX and CFDs. The companies include FBS Markets Inc. (licensed by IFSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).
FBS recently became a Cyprus Broker, expanding its service to a European population for both new and professional traders with useful tools and a fully regulated trading service.
FBS brings transparent conditions for trading using popular instruments including Forex, Crypto, Metals all connected by split-second execution through the ECN model.
It invests in technology making the trading process smooth and more convenient accompanied by the powerful execution and unparalleled customer service FBS provides.
The website has numerous educational materials and programs organized to enhance your trading capabilities and to recognize the importance of knowledge in markets.
To provide the best customer experience FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies, and the latest strategies on the Forex market. Both new and professional traders will find these sessions useful.
FBS Safe or Scam?
FBS is a brand name used by Tradestone Limited, which is a Cyprus-registered company, registered with CySEC, ASIC, IFSA, and FSCA.
An additional entity of FBS is in the Marshall Islands and Belize, which are offshore zones that do not really prove their reliable status on their own.
Yet, together with regulation from European CySEC, it makes FBS a broker that complies with regulatory requirements and therefore offers reliable trading conditions.
There are strict rules towards money protection while FBS keeps traders’ funds in segregated accounts, making it unreachable for any other company to use, as well as enhancing capabilities by Negative Balance protection.
Being a Cyprus Investment Firm, FBS falls under the Compensation Scheme, which protects the client’s investments in case of a broker’s insolvency.
Leverage levels increase your trading size by the possibility to multiply the initial balance bringing vast opportunities for higher gains.
As usual, offered leverage depends on some factors like your level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions.
Trading with a European entity maximum leverage of 1:30 leverage for major currency pairs. Trading with Marshall Islands FBS may offer high leverage ratios up to almost 1:1000.
Leverage – up to 1:3000 for Marshall; 1:30 for European, and 1:500 for European professional category.
FBS Account Types
The account types at FBS offer both demo and live trading accounts that give you exactly what you may look for, regardless of the level of experience.
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
Standard account
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
| ?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 |
| Conversional option | Available to convert to Islamic Account |
Cent account
Perfectly suits those 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
| ?Feature | ?FBS |
| 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) |
| Conversional option | Available to convert to Islamic Account |
Micro account
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
| ?Feature | ?FBS |
| 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 |
| Conversional option | Available to convert to Islamic Account |
Zero spread account
Designed for those who prefer trading at the fastest speed
- Initial deposit: $500
- Spread: Fixed, 0 pip
- Order volume0.01 – 500 lots
- Leverage: Up to 1:300
| ?Feature | ?FBS |
| 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 |
ECN account
For 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
| ?Feature | ?FBS |
| 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 |
Crypto account
Crypto account has over 100 instruments with digital currencies, has both real and demo versions, and has relatively low spreads.
- 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
| ?Feature | ?FBS |
| Minimum Deposit | $1 / R 16 ZAR |
| Floating spreads | from 1 pip |
| Commission | 0.05% on opening & closing positions |
| Leverage | 1:5 |
| Currency | USDT (Tether) |
FBS Crypto Currencies
FBS has launched a new Crypto account specifically for trading cryptocurrencies, the currency 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.
An overview of the cryptocurrency trading pairs that FBS offers:
| ? Crypto | ? Description | ? Crypto | ? Description |
| ? ADAUSD.cc | Cardano vs US Dollar | ? ALGUSD.cc | Algorand vs US Dollar |
| ? AVAUSD.cc | Avalanche vs US Dollar | ? BATUSD.cc | Basic Attention Token vs US Dollar |
| ? BCHUSD.cc | Bitcoin Cash vs US Dollar | ?BNBUSD.cc | Binance Coin vs US Dollar |
| ? BTCUSD.cc | Bitcoin vs US Dollar | ? DOGUSD.cc | Dogecoin vs US Dollar |
| ? DOTUSD.cc | Polkadot vs US Dollar | ? DSHUSD.cc | Dash vs US Dollar |
| ?EOSUSD.cc | EOS vs US Dollar | ?ETCUSD.cc | Ethereum vs US Dollar |
| ?FILUSD.cc | Filecoin vs US Dollar | ?IOTUSD.cc | IOTA vs US Dollar |
| ?LNKUSD.cc | Chainlink vs US Dollar | ?LTCUSD.cc | Litecoin vs US Dollar |
| ?MKRUSD.cc | Maker vs US Dollar | ?MTCUSD.cc | Polygon vs US Dollar |
| ?NEOUSD.cc | NEO vs US Dollar | ?OMGUSD.cc | Omisego vs US Dollar |
| ?SHBUSD.cc | SHIBA vs US Dollar | ?SOLUSD.cc | Solana vs US Dollar |
| ?TRXUSD.cc | TRON vs US Dollar | ?UNIUSD.cc | Uniswap vs US Dollar |
| ?VECUSD.cc | VeChain vs US Dollar | ?XLMUSD.cc | Stellar vs US Dollar |
| ?XMRUSD.cc | Monero vs US Dollar | ?XRPUSD.cc | Ripple vs US Dollar |
| ?ZECUSD.cc | ZCash vs US Dollar |
FBS Market Instruments
FBS gives you the options to trade-in:
- Forex, Metals, CFD, Stocks F, Forex exotic, Crypto
FBS Fees
Since there are a few account types, you will have the option to either trade with a spread starting from 1 pip or be offered one with a tight spread. The typical spread on the Standard account for the EUR/USD pair is 0.9, and on the Cent Account, the EUR/USD spread is 3 pips.
Remember to keep in account the FBS overnight fee or swap in case you perform a swing strategy and hold positions longer than a day. Each instrument has its own ratio.
In order to decrease your trading costs and maximize profit, trade with narrow spreads. FBS gets the most profitable and accurate quotes from its liquidity providers which in turn means you get the best trading conditions.
Choose the optimal spread for your trading strategy. FBS provides the following types of spread:
- Floating, starting from 0.2 pip
- Fixed, starting from 3 pip
- Trading without spread (fixed spread of 0 pip).
FBS Deposit and Withdrawal
In order to start with live trading, you should deposit money first. FBS offers a range of the most used and convenient payment options.
FBS allows trading through the Cent account with a deposit of only $1, which is a favorable option for beginning traders. Standard Account demands only a $100 initial deposit so experienced traders may find their way with relatively small amounts too.
FBS charges no fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, depending on your country of origin.
Deposit funds can be done through:
- Credit Card (Visa/MasterCard)
- Sticpay
- Skrill
- Neteller
- Perfect Money
Withdrawal can be done through:
- Credit/Debit Card – $1 / R 16 ZAR commission.
- Neteller – 2% with a minimum commission of $1 / R 16 ZAR and a maximum of $30 / R 480 ZAR.
- Sticpay – 2.5% along with a commission of $0.30 /R 4.80 ZAR.
- Skrill – 1% along with a $0.32 / R 5.12 ZAR commission.
- Perfect Money – 0.50% commission.
| ? Deposit fees – Sticpay | commission of 2.5% and an additional $0.30 / R 4.80 ZAR commission |
| ? Withdrawal fees – Credit/Debit Card | $1 / R 16 ZAR commission |
| ? Withdrawal fees -Neteller | 2% with a minimum commission of $1 / R 16 ZAR and a maximum of $30 / R 480 ZAR. |
| ? Withdrawal fees -Sticpay | 2.5% along with a commission of $0.30 /R 4.80 ZAR. |
| ? Withdrawal fees -Skrill | 1% along with a $0.32 / R 5.12 ZAR commission. |
| ? Withdrawal fees -Perfect Money | 0.50% commission. |
FBS Trading Platforms
As the majority of ECN and technology-based brokers, FBS provides a powerful platform to execute orders, through the market leader, MetaTrader4 and MetaTrader5.
This solid platform delivers a wealth of features, advanced charting, and customization along with auto-trading capabilities. It is available for PC or MAC, Android or iOS devices making it available at any time or anywhere.
MT4 and 5 Features:
- More than 41 tools: currency pairs, CFD, and Futures
- The same login data to enter all the platforms
- Low spreads
- Full functional expert advisors (EA)
- One-click trading and embedded news
- Technical analysis tools: 50 indicators and charting tools
- 3 types of charts
- Micro-lot accounts (optional)
- Hedging positions
- VPS service support
- Available for PC/MAC, Android or iOS
If you decide to trade with the international entity of FBS you will be offered the use of the upgraded version MetaTrader5.
FBS Trader is an all-in-one trading platform app giving you access to the world’s most wanted trading instruments right from your pocket.
Get all the necessary functionality wrapped in a lightweight yet powerful application and access your trades 24/7 from any iOS or Android device.
It’s as powerful as MetaTrader but much simpler
Access markets worldwide – anytime, anywhere
Instant deposits and withdrawals via over 100 payment systems
Professional support team answering your questions 24/7
Trade on MetaTrader without requotes or order deviations, with a wide range of leverage.
How to open an FBS Account
Opening an account with FBS is very easy:
1. Step 1 – Web selection
Select open account’ from the top menu of the FBS official website.
2. Step 2 – Complete Information
Provide an email address, and full name, and select ‘register as a trader. Alternatively, to provide contact information, traders can select the option to register using Facebook, Google, or Apple ID
3. Step 3 – Select Account
Select the option to ‘proceed’ and the account types will open then select options.
4. Step 4 – Start trading
Complete the requested information and select ‘open account’ to start trading.
View the following video to see the steps to opening a demo account:
FBS vs AvaTrade vs XTB – A Comparison
| ? Broker | ? FBS | ? AvaTrade | ? XTB |
| ? Headquarters | Cyprus | Dublin, Ireland | Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK |
| ?Minimum Deposit | $1/ ZAR R16 | $100 / R 1600 ZAR | $ 10 / R 160 ZAR |
| ? Available Languages | Deutsch,English,Español,Français,Italiano,Português | English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian. |
| ? Demo account | yes | yes | yes |
| ? Min Trade | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| ? Excluded Countries | Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran | BE, BR, NZ, US, KE, IN, GH | US, IN, PK, BD, IQ, IR, IL, AF, AU, CA |
| ? Regulated by | IFCS, CySEC, ASIC, FSCA | AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. | XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002. |
| ? Forex | yes | yes | yes |
| ✔️ Web Platform | Yes | yes | Yes |
| ?Android App | Yes | yes | Yes |
FBS Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “FBS” is entered into Google’s search engine over a given period of time
FBS 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 | |
| A range of account types | |
| Variety of educational material | |
| Responsive customer support |
Best Countries by Traders
| ? Country of Trade | ? % of Traders |
| ? Philippines | 13.47% |
| ? Malaysia | 13.19% |
| ? India | 9.14% |
| ? South Africa | 6.16% |
| ? Indonesia | 6.06% |
| ? Others | 51.99% |
FBS Reviews
Best forex broker…
The support team is really awesome. My country was banned from using their service after 2 years of great experience with them and that is sad for me. Initially, they banned my account because of my country but then they helped me to recover and withdraw. In these two years, I had no problem using their service and their support team especially is really great.
Good broker with decent spreads…
Good broker with decent spreads, easy and quick deposit and withdrawal methods available, and a very user-friendly trading app as well.
FBS Customer Support
FBS prefers to give customer support through live chat or a call-back request.
FBS Education
FBS has ample support and helps beginner traders. There are Forex guidebooks for beginners, elementary, intermediate, and experienced traders where you can get quick yet enough information about trading essentials.
A selection of books that will help you learn the basics of forex trading to feel confident on the market. All the books are in English.
Tips for traders (tricks to improve your trading), webinars, video lessons, seminars, and a glossary are also available.
A trader’s calculator and currency converter are also available where you can calculate your income. It also provides you with information on how to use the calculator.
FBS Research
FBS arms you with the latest news through the link to company news, daily market analysis, and Forex news and forex TV where you can look at webinars on the newest trading plans.
It provides an Economic calendar on currencies and stocks with indications of what events take place where and when. The research division is not as comprehensive as the education division.
FBS Awards
For years in operation, 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.
2015
- 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
2016
- The Best FX IB Program, 2016
- Best FX Broker Indonesia, 2016
- Best Forex Broker Southeast Asia, 2016
- Best Forex Broker Thailand, 2016
- Best International Forex Broker, 2016
- Best Customer Service Broker Asia 2016
- Top IB Program, 2016
2017
- Best Investor Education, 2017
- Best FX IB Program, China 2017
2018
- Best broker in the Middle East, 2018
- Most Transparent Forex Broker, 2018
- Best Forex Trading Account, 2018
- Best Forex Broker Asia, 2018
2019
- Most Progressive Forex Broker Europe, 2019
- Best Forex Broker Vietnam, 2019
2020
- 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 Mobile Trading Platform (Smart Vision Investment EXPO 2020)
- Best Forex Broker (Smart Vision Investment EXPO 2020)
2021
- 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 Trading Platform Europe (The European Global Banking & Finance Awards 2021)
FBS Conclusion
Overall, FBS can be summarised as a trustworthy and credible broker that is very competitive in terms of its trading fees, (against major currency pairs). The spread is also very low and is considered low-risk.
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 prove this. Trading costs are average, and there is no misunderstanding in the market that FBS is a model company as an ECN Broker.
FBS Disclaimer
FBS Markets Inc activities are regulated by IFSC, license IFSC/60/230/TS/19; Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.
The domain and all rights belong to FBS Inc.; Registration No. 74825; Address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
The website is operated by FBS Markets Inc.; Registration No. 119717; FBS Markets Inc is regulated by IFSC, license IFSC/60/230/TS/19; Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.
The FBS Agreement includes terms and conditions of all the Company’s services provisions in the sphere of the financial markets and financial tools either presenting or not presenting on the organized market
The FBS agreement should be carefully read by the client as they regulate the conditions of the client’s trading and non-trading operations along with all the relationships between the client and the company in general, According to research in South Africa.
You might also like: FBS Account Types
You might also like: FBS Demo Account
You might also like: FBS Fees and Spreads
You might also like: FBS Islamic Account
You might also like: FBS Minimum Deposit
You might also like: FBS Sign-up Bonus
Frequently Asked Questions
Is FBS regulated in South Africa?
Yes, FBS forex broker is regulated by the FSCA in South Africa. The licence number is 50885.
Does FBS have Nasdaq100?
Yes, you can trade futures of Nasdaq100 with FBS.
What is the overall rating for FBS?
The overall rating for FBS broker is 9/10
Which trading platforms are supported by FBS?
FBS supports the Metatrader 4 and Metatrader 5 Platforms. FBS Trader is available on ios and Android
Is FBS a fake or scam?
No, our FBS review reveals that this broker is not a fake or scam as it adheres to strict regulations from different financial oversight authorities incl: FSCA, ASIC, IFSA and CySEC.
Featured SA Shares Writer and Forex Analyst.
Discussion about this post