FBS offers high leverage and diverse accounts choice.
FBS suits traders seeking high leverage and a wide choice of account types, especially those operating under FSC Belize regulation. Its strongest advantage is the flexibility in trading conditions and instrument variety. The main compromise involves its mixed regulatory framework, which includes both Tier 1 and Tier 3 licenses. We recommend FBS for experienced traders who understand the implications of varying regulatory oversight.
- Regulated by CySEC, ASIC, and FSC
- Leverage up to 1:3000 available
- Minimum deposit from $1
- Offers MT4, MT5, WebTrader, FBS app
- Over 550 tradable instruments
- Instant deposits, no FBS fees
- Copy trading service discontinued
- US clients are not accepted
| Regulation | FSC, CySEC, ASIC |
| Founded | 2009 |
| Headquarters | Belize City, Belize; Limassol, Cyprus |
| Minimum Deposit | $1 |
| Maximum Leverage | 1:3000 |
| US Clients | Not accepted |
| EUR/USD Spread | 0.9 pips |
| Trading Platforms | MT4, MT5, WebTrader, FBS App |
| Instruments | 550+ |
| Deposit Methods | Bank, Cards, E-wallets, Crypto |
| Withdrawal Time | Within 24 hours (approval) |
| Customer Support | 24/7 |
| Website | fbs.com |
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Is FBS Regulated & Safe?
FBS operates under a multi-regulatory structure, holding licenses from the FSC in Belize, CySEC in Cyprus, and ASIC in Australia. This setup offers clients varying levels of protection depending on their registered entity. While CySEC and ASIC provide robust oversight, the FSC license is considered less stringent. Clients should be aware of the specific entity they are trading with.
- Regulator
- FSC, CySEC, ASIC
- License Number
- 000102/460, 331/17, 426359
- Tier
- Tier 3, Tier 1, Tier 1
- Client Fund Segregation
- Yes
- Compensation Scheme
- Yes (CySEC clients up to €20,000)
- Negative Balance Protection
- Yes
- Founded
- 2009
- Headquarters
- Belize City, Belize; Limassol, Cyprus
Always verify which specific FBS entity you are registering with, as regulatory protections and maximum leverage can differ significantly between them.
This broker does not accept clients from the United States.
Fees, Spreads & Commissions
FBS provides a diverse fee structure across its account types, catering to different trading styles. The Standard account offers competitive spreads starting from 0.7 pips with no commission. For those seeking even tighter pricing, the Zero Spread account features 0 pips fixed spreads but includes a $20 per lot commission. This approach allows traders to choose a cost model that best suits their strategy.
| Instrument | Zero Spread Account | Standard Account |
|---|---|---|
| EUR/USD | 0 pips | $0.9 |
| GBP/USD | 0 pips | $1.2 |
| USD/JPY | 0 pips | $1.0 |
| Gold XAUUSD | 0 pips | $0.12 |
FBS offers a choice between commission-free trading with wider spreads or raw spreads with a per-lot commission, providing flexibility for various trading strategies.
Swap fees are generally charged or credited for overnight positions, though swap-free accounts are available, potentially with a weekly charge for long-held exotic pairs.
Account Types Explained
FBS provides a comprehensive range of account types designed to meet the needs of different traders, from beginners to experienced professionals. Each account offers distinct features regarding minimum deposit, spreads, and leverage, allowing traders to select an option that aligns with their capital and risk tolerance. Opening an account is straightforward, with options for both live and demo trading.
- Low minimum deposit
- Competitive spreads
- No commission
- Lowest minimum deposit
- Good for beginners
- Lower risk trading
- Fixed spreads
- High leverage available
- Low entry barrier
- True zero spreads
- Commission-based pricing
- Suitable for scalpers
- Swap-free trading
- Sharia-compliant option
- Similar conditions to Standard
Account Comparison
| Feature | Standard Account | Cent Account | Zero Spread Account |
|---|---|---|---|
| Min Deposit | $5 | $1 | $1 |
| Spread From | 0.7 pips | 1 pip | Fixed 0 pips |
| Commission | 0 | 0 | $20 per lot |
| Max Leverage | 1:3000 (FSC Belize), 1:30 (CySEC, ASIC) | 1:1000 FSC Belize | 1:3000 (FSC Belize) |
| Instruments | 550+ instruments | 550+ instruments | 550+ instruments |
| Account Currency | USD | USD | USD |
FBS offers a demo account for all its account types, allowing traders to practice strategies without financial risk before committing real capital.
Trading Platforms & Tools
FBS provides a selection of popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside its proprietary FBS app and WebTrader. This variety ensures traders can access markets through familiar and robust interfaces, whether on desktop or mobile. The platforms support Expert Advisors and boast fast order execution, catering to both automated and manual trading strategies.
Platform Feature Comparison
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FBS App |
|---|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile | Mobile |
| Expert Advisors | Supported | Supported | No |
| Copy Trading | No | No | Yes |
| Chart Types | No | No | Yes |
| One-Click Trading | Available | Available | Available |
FBS discontinued its copy trading service as of September 22, 2022. Traders looking for social trading features will need to seek alternatives.
Deposits & Withdrawals
FBS supports a wide array of deposit and withdrawal methods, including traditional bank transfers, credit/debit cards, popular e-wallets, and cryptocurrencies. Deposits are typically instant and free from FBS fees, offering quick access to trading capital. Withdrawal processing times vary by method, with FBS approving requests within 24 hours, though third-party processing can extend the overall timeframe.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Bank transfers | Instant | 2 to 7 business days | None |
| Visa, Mastercard | Instant | 2 to 7 business days | None |
| Skrill, Neteller, PayPal, Perfect Money, SticPay | Instant | Few hours to 1 business day | None |
| Cryptocurrencies (USDT TRC20 and ERC20) | Instant | Immediately to up to 30 minutes | None |
FBS prioritizes withdrawals to card methods first, followed by other payment methods, and then profits via non-card methods. Keep this in mind when planning your withdrawals.
Education, Research & Analysis
FBS offers a robust suite of educational and research tools designed to support traders at all levels. This includes free webinars, a comprehensive FBS Academy with trading courses, and a detailed trader’s blog. The broker also provides real-time economic calendars and various market analytics, positioning its educational offering as a significant advantage for client development compared to many competitors.
FBS provides a strong educational and research offering, making it suitable for both novice traders seeking structured learning and experienced traders looking for ongoing market insights and analysis.
Frequently Asked Questions
Is FBS regulated and considered a safe broker for trading?
FBS holds licenses from the FSC in Belize, CySEC in Cyprus, and ASIC in Australia, providing varied regulatory oversight. While CySEC and ASIC are strong regulators, the FSC is a Tier 3 regulator. WikiFX also shows a warning about FBS due to user complaints regarding withdrawals.
What is the minimum deposit required to open an FBS trading account?
The minimum deposit to open an FBS trading account starts as low as $1 for Cent and Micro accounts. For a Standard account, you will need a minimum deposit of $5. This makes FBS accessible to traders with smaller capital.
What are the typical spreads and commissions on FBS for popular currency pairs?
FBS offers competitive spreads, with the Standard account starting from 0.7 pips and no commission. For example, the typical spread for EUR/USD is 0.9 pips. The Zero Spread account offers 0 pips fixed spreads but charges a commission of $20 per lot.
What is the maximum leverage offered by FBS for forex trading?
FBS offers maximum leverage up to 1:3000 under its FSC Belize regulation. For clients under CySEC or ASIC regulation, the maximum leverage is limited to 1:30, aligning with stricter regulatory standards. The available leverage depends on the specific FBS entity you register with.
Which trading platforms does FBS provide to its clients for market access?
FBS provides access to popular trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, clients can use the FBS proprietary mobile app and the FBS WebTrader for convenient trading across various devices.
How long do withdrawals typically take with FBS, and are there any associated fees?
FBS processes withdrawal requests within 24 hours. E-wallet and cryptocurrency withdrawals can take a few hours to one business day after approval, while credit/debit card and bank transfers typically take 2 to 7 business days. FBS does not charge withdrawal fees, but third-party transaction costs may apply.
Does FBS provide an Islamic account option for traders who require swap-free trading?
Yes, FBS offers a dedicated Islamic account type. This account is swap-free, meaning no overnight interest charges or credits are applied, making it compliant with Sharia law. It generally features similar trading conditions to the Standard account.
Can US clients open a trading account with FBS, or are there restrictions?
No, FBS does not accept clients from the United States. US residents are restricted from opening trading accounts with FBS due to regulatory limitations.
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