Last update: 6 April 2020
18 min read

FBS Forex Broker Review

$1 Min. Deposit
100% Bonus
Open account
Regulatory Body
Trading platforms
MT 4, MT 5
Customer support
Languages support
Num of instruments

FBS Forex Broker Review

FBS is a reputable forex broker with over a decade of experience. It offers a great range of account types, quality research tools, and extensive educational materials.

Our FBS review team found the broker to trustworthy and accomplished. Some of the available account types have very low minimum deposit limits, making this broker perfect for beginner traders. FBS also offers great bonuses and a rewarding loyalty program.

As with all of our broker reviews, we’ve reached our conclusions on FBS through in-depth research and extensive testing. You can trust us to never rely on third-party opinions, as our objective is to ensure that you have the information you need to choose the best broker for you.

Read on to learn everything you need to know before becoming an FBS trader.


  • ProExtensive educational materials including webinars and video guides
  • ProExcellent research tools make it the best broker for trader development
  • ProLow minimum deposit limits and fees
  • ProWide variety of account types for all types of traders


  • ConU.S. clients are not accepted

Company informationCompany information

FBS Markets Inc. was founded in 2009 and the company has grown ever since. FBS has earned itself an excellent reputation thanks to the services it provides, all of which you can learn more about in this review.

FBS has offices in several countries in Asia and the broker offers its services in 190 countries worldwide, working with over 13,000,000 clients. The brand claims that, on average, over 7,000 FBS accounts are opened daily.

Since its launch, the company has received a wide range of international accolades and rewards, including:

  • Best FX IB Program
  • Best Broker in Asia-Pacific Region 2015
  • Best Forex Trading Account 2018
  • Best Forex Broker Asia 2018
  • Best Investor Education 2017
  • Best Forex Broker Europe 2019

FBS regulation and licensingFBS regulation and licensing

Our FBS review team found that the broker is regulated globally, by two different well-respected authorities. For traders outside of the EU, FBS is regulated and authorized by IFSC (the International Financial Services Commission of Belize).

Clients from within the European Union will work with Tradestone Ltd, which is the EU arm of the FBS brokerage business. This is regulated by CySec, which is generally considered to be one of the most scrupulous financial supervisory bodies in the world.

As per regulations, FBS online forex broker keeps the funds of its clients in separate accounts. This means that your money is never used for operational purposes and, if the broker experiences losses or becomes insolvent, your capital will be unaffected.

Clients in the EU enjoy a further layer of protection thanks to the Investors’ Compensation Fund. The ICF will compensate you with up to €20,000 if FBS is unable to pay you your money for any financial reason, including bankruptcy.

All FBS online properties, including their websites and platforms, are also encrypted using Rapid SSL. The sheer amount of protection you have as a trader at FBS is impressive and shows that the online broker cares about your safety.

Opening an account with FBSOpening an account with FBS

Our FBS reviewers were pleased by the broker’s user-friendly and straightforward registration process. All of the steps are explained well, and you can complete the process from both mobile and desktop. The minimum deposit amount is also low, making FBS a great choice for novice traders.

What is the minimum deposit at FBS?

The minimum deposit at FBS depends on your location and your account type. If you are trading from outside the EU, you can open an account with as little as $1. EU traders, on the other hand, have a minimum deposit of €10.

Our review team found the FBS minimum deposit limits to be very low, no matter which arm of the company you are trading with. This makes the broker very accessible.

How to open an account at FBS

To make opening an account with FBS as easy as possible for you, our broker experts have created a step-by-step guide. Simply visit the FBS site, click register and follow the instructions below.

Completing the registration process at FBS takes around 5-10 minutes. You can track your progress on the left of the page, and you can stop and come back at any point.

  • Step 1: Supply the broker with your email address and full name. You can also choose to register via your Gmail or Facebook account.
  • Step 2: Create a password and confirm your email address via the link sent to your inbox.
  • Step 3: Select your account type, your preferred trading platform, and your base currency.
  • Step 4: Review your account information. Here you’ll be supplied with your trading platform login details, so it’s important to save these somewhere safe.
  • Step 5: Click ‘Take Survey’.
  • Step 6: Read and accept 4 disclosures to be eligible to trade (client agreement policy, execution policy, conflict of interest policy, risk acknowledgment).
  • Step 7: Confirm your personal details and add any that are missing. This includes name, date of birth, gender and citizenship.
  • Step 8: Provide your full current address and phone number.
  • Step 9: Answer questions about your eligibility to trade (P.E.P check, origin of money, tax residency status).
  • Step 10: Answer questions about your trading knowledge and experience.
  • Step 11: Answer questions about your employment status, source of income and net worth.
  • Step 12: Answer questions about your trading plans and aims.
  • Step 13: Supply the broker with proof of identity, proof of address and proof of finances.

Although there are a lot of steps to the FBS sign-up process, it is relatively quick so long as you have all of the required information to hand. Below we’ve listed everything you will need:

  • Personal information – Name, phone number, email, country of residence, address.
  • Regulatory information – Tax residency details, employment details, estimated wealth and source of wealth details, trading experience overview, trading objectives, P.E.P disclosure.
  • Documentation – Proof of identity (valid passport or official country ID), proof of residency (recent utility bill or bank statement), proof of finance (valid credit/debit card).

Account typesAccount types

Our review of FBS found that the amount of account types available depends on your location. International clients can choose from six different types of live trading accounts, whilst EU traders are restricted to just two. All clients can, however, open demo accounts and Islamic accounts.

International client accounts

At FBS you can choose between the following account types, depending on your location:

  • Cent account – This is perfect for beginners as it allows traders to gain real experience, with minimal risk. The minimum deposit is only $1 and leverage is 1:1000. The minimum order volume is 0.01 and floating spreads start at 1 pip. This account also allows you to use all the FBS broker robots and strategies, without restriction.
  • Micro account – With a micro account, traders can enjoy the advantages of fixed spreads and STP trading. There is also leverage of 1:3000 and spreads fixed at 3 pips.
  • Standard account – If you have a little more experience with forex trading, you may want to opt for a standard account. This account’s focus is mainly on improving profits and reducing risk, with the introduction of reduced floating spreads. This minimum deposit for this account is $100, and leverage is 1:3000.
  • Zero spread account – The minimum deposit for this account is $500, which makes it an option for the more serious trader. As the name implies, trades can be executed with no spread, which means you can learn more about market conditions and how they affect trades. Many professional traders find this account very useful. A commission is charged at $20 per lot.
  • Unlimited account – This is a little different than the other accounts, as it is an STP account. The minimum deposit is $500, and the floating spread starts at 0.2 pip. The benefit of this account is that there are no restrictions on open positions and pending orders, so you are free to trade as you please.
  • ECN account – The ECN account has a minimum deposit of $1,000, with a floating spread from 1 pip and leverage up to 1:500.

EU accounts

If you’re using FBS from a country within the European Union, you will be more limited in your choice of account types. EU customers can choose between a Cent account or a Standard account, however, due to EU regulations, there are some differences in the minimum deposit limits and leverage:

  • Cent account – This account has a minimum deposit of 10 EUR, while leverage is 1:30. Traders can open a maximum of 200 positions.
  • Standard account – The minimum deposit is 100 EUR. Leverage is 1:30 and traders can have a maximum of 200 open positions and pending orders.

Demo accounts

The FBS online forex broker also offers demo versions of accounts. They can be funded with however much virtual money you desire, up to a maximum of $1 million.

Islamic accounts

FBS online broker enables all clients to change their account to a swap-free account if they are a citizen of a country where one of the official (and dominating) religions is Islam. In these countries, you can manage this from your personal area. In other countries, you may need to contact customer service to apply for an Islamic account.

Any FBS account can be switched to a swap-free account. Unfortunately, FBS reserves the right to charge a fixed fee for positions held long-term, however they do clarify that this is not an interest fee and so the account remains Sharia-compliant.

FBS trading costsFBS trading costs

Our forex broker reviewers are happy to report that FBS has low trading and non-trading fees. Below you can find an overview of all fees, based on the broker’s standard account type.

Trading Fees*
Type of FeeCost
Minimum Order Size (lots per trade)0.01
Average Spread USDEUR (pips)0.5
Commission (%)0
Commission on Islamic Accounts (%)0

Non-Trading Fees
Type of FeeYes or No
Inactivity FeeN
Deposit FeeY
Withdrawal FeeY

*Based on standard account type.

FBS doesn’t charge any inactivity fees on its international accounts. Your account will be disabled after 90 days of inactivity, but you can simply contact the broker to reopen it. Unfortunately, if you are an EU trader, you will be charged €10 per year, if your account is inactive for more than 180 days.

When you review the FBS payment methods, you’ll find that all deposits are free, except for Stic Pay. If you use this payment method, you will have to pay a commission of 2.5% of the amount plus $0.3.

EU traders benefit from free withdrawals. All withdrawals from international accounts, however, incur fees. These are as follows:

  • Visa – $1 per withdrawal
  • Neteller – 2% of withdrawal amount with a minimum of $1 and a maximum of $30
  • Stic Pay – 2.5% + $0.3 per withdrawal
  • Skrill – 1% + $0.32 per withdrawal
  • Perfect Money – 0.5% of the withdrawal amount
  • Bitwallet – commission may apply but it isn’t specified

FBS payment methodsFBS payment methods

During our review of FBS forex broker, our experts found that you can choose from a wide range of payment methods to fund your account.  At FBS you can deposit via Visa, Neteller, Stic Pay, Skrill, Perfect Money, and Bitwallet.

Deposits, regardless of payment method, are made instantly. It should be noted, though, that you can only deposit in EUR and USD with Visa, Neteller, and Skrill. In addition, Bitwallet can only be used for JPY.


Other than Bitwallet, which is instant, withdrawals usually take around 20 minutes to be completed. All cash-out requests have a maximum waiting time of 48 hours, but you’ll rarely have to wait this long.

European Union clients are offered slightly different payment methods. If you are in the EU, you can deposit via Visa, MasterCard, Skrill, Neteller, and Wire Transfer. Deposits incur no commissions and are instant, except for wire transfers which can take between 3 and 4 business days.

Visa and MasterCard withdrawals are processed the same business day, whereas wire transfers take 48 hours. Skrill and Neteller are your fastest withdrawal options, taking around 20 minutes.

In November 2019 FBS launched a new instant online payment method ‘Rapid Transfer’ supported by over 170 European banks, this method enables fast and cost-effective deposits and withdrawals.

FBS trading bonusesFBS trading bonuses

When we conducted our FBS broker review, we discovered that they offer a series of generous bonuses to international clients. Due to ESMA restrictions, these are not available for EU traders.

Some of the bonuses at FBS are designed specifically for beginners, allowing you to start learning about forex trading without having to risk your own money. FBS is also the only firm to offer clients a cashback service on every lot traded, including losing trades.

FBS also boasts a generous online forex loyalty program. Once clients have deposited $10,000 and traded 50 lots, they become VIP clients. A VIP client will gain several benefits, including their own account manager, priority in processing withdrawals and deposits, VIP gifts, and a VIP client certificate.

Besides cash bonuses, the FBS online forex broker also holds events for its clients in various locations around the world. They also run trading contests frequently with very generous prizes.

FBS trading platformsFBS trading platforms

FBS uses the industry-leading trading platform MetaTrader 4. MetaTrader 5 is also available for those who wish to trade stocks, and both platforms allow for trading robots. They also have a proprietary platform designed specifically for mobile traders.


What is the execution policy at FBS?

Our review team found that the FBS execution policy is second to none. The broker offers fast and accurate order executions, with no requotes. 95% of orders at FBS are executed within 0.4 seconds and, as an STP broker, they also process all orders with NDD (non-dealing desk) technologies. This makes requotes impossible.

When you trade with FBS, you can place up to 200 orders at one time, and each order can be worth up to 500 lots. As not many brokers offer such a large maximum order volume, FBS may be perfect for you if you like to trade a lot at once.

FBS markets and productsFBS markets and products

During our review of FBS, we took an in-depth look at what trading instruments the broker offers. As an FBS client, you can trade forex, metals, stocks, and a handful of CFDs.

Non-Trading Fees
Type of FeeYes or No
Inactivity FeeN
Deposit FeeY
Withdrawal FeeY


With FBS you can trade 38 forex currency pairs including majors, minors and exotic pairs. Such a diverse range of currencies allows you to not only trade those you are familiar with but those that you may not have had a chance to trade before too.


Want to trade stocks from major companies such as eBay and Tesla? FBS boasts 32 different options, all with typical spreads of 3 pips. This gives you a great opportunity to trade with the news and with company news and releases.

Unfortunately, if you’re an EU trader, you will not be able to trade stocks with FBS.


Our FBS review team found that, in addition to offering gold and silver, the broker also allows you to trade Palladium and Platinum.


Aside from the metal and stock CFDs mentioned above, at FBS you can also trade a wide range of other contracts for difference. The broker’s CFD offering includes commodities such as Brent Crude oil and indices such as NASDAQ and DAX 30. These are highly liquid markets, perfect for day traders.

Social trading

FBS also offers two social trading accounts, CopyTrade for Investors and CopyTrade for Traders.

CopyTrade for Investors is a social trading account that allows you to copy the trades of professional traders. Every time these traders make a profit, you’ll also benefit. This makes the account perfect for beginners as you can trade profitably whilst learning from some of the best traders around.

The CopyTrade for Traders account is aimed at professional traders who want to help those just starting out. By becoming a CopyTrade trader, you will provide others with the opportunity to profit from your knowledge and earn additional commissions for every person you help.

Mobile compatibilityMobile compatibility

The FBS website is fully mobile responsive, making it easy to navigate on any device. You will have complete functionality from your phone or tablet, which includes being able to register with the broker and making deposits and withdrawals.

FBS traders can use the mobile versions of MetaTrader 4 and MetaTrader 5 should they wish. However, our FBS forex broker review team was specifically impressed by the company’s proprietary system designed for mobile traders.

The FBS Mobile Personal Area includes a dashboard where you can gain an overview of all your active accounts. You can also analyze various statistics to become a better trader.

Research toolsResearch tools

In terms of trading tools, FBS offers the standard economic calendar as well as forex news, daily market analysis, and a video channel with frequent updates on the state of the markets.

They also have a series of forex calculators that you can use to determine how much you can make from trading and what effect different variables will have on that income.

Education and trainingEducation and training

While conducting our FBS review 2019, we were very pleased to see that this broker offers extensive training materials and educational content.

The FBS Forex Guidebook is a comprehensive course organized by experience level. The course is made up of articles written by professional traders. which covers everything you need to know about trading at each level. It is available on the website and accessible to everyone, even if you haven’t signed up for an account yet.

They also offer a section with tips for traders, which covers various aspects of forex trading, including specific trading strategies.

FBS online broker also offers a series of videos, though they are mostly targeted at beginners as an introduction to forex. They also have videos to help with registration, navigation of the website, and more.

This broker also offers live free webinars periodically, as well as free in-person seminars in locations all over the world. You’ll also find a daily market analysis written by professional analysts.

All these educational materials make the FBS online forex broker perfect for both beginners and advanced traders. When you also consider the free demo trading FBS offers, you can see that the broker values it’s traders and wants them to get the most out of their experience.

FBS customer supportFBS customer support

FBS offers excellent customer support, which is available via email, phone, and fax. Traders can also contact the broker via live chat, which is available 24/7.

If you prefer to speak over the phone, you can also use the FBS call back system. This allows you to simply tell the broker what time you want them to get in touch and they will.

Overall, our FBS review team found the customer support staff to be knowledgeable and attentive. We also loved the fact that the broker is very visible on social media, as this shows they can be trusted.

  • Markets Inc

FBS – Our verdictFBS – Our verdict

As you can see from our comprehensive FBS review 2019, this is a broker that delivers on choice. At every turn, FBS offers its traders a whole host of options, allowing you to customize your experience and get the most out of their services.

If you’re new to forex trading, signing up to FBS is a wise move. The extensive educational materials, demo accounts, and social trading options truly make FBS an online forex broker ideal for beginners.

Register now to learn, practice your new skills, and emulate professionals while still making a profit.

Frequently asked questions (FAQ)

Is FBS regulated? Arrow
Does FBS offer a bonus? Arrow
What FBS account types are there? Arrow
What is the minimum deposit at FBS? Arrow
Is FBS a scam? Arrow

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7 comments on “FBS Forex Broker Review”

  1. Aijaz says:
    Country & city: Pakistan, Lahore
    Rating: ....
    My Experience with FBS Markets has been really good, the features that they are offering are helping me as a trader to get the best possible results out of market, their customer support and deposit withdraw system is good in particular
  2. Karamat says:
    Country & city: Pakistan, Lahore
    Rating: ....
    The good thing about FBS is its promotions which are really helpful for the traders like Deposit bonus and many other offers. Trade execution is good as well as customer support, would like to recommend this broker to others.
  3. Aisha Abubakar says:
    Country & city: Pakistan
    Rating: .....
    Hi I worked with this broker and found it really amazing...I will recommend this broker to everyone , because it is really reliable...they solve all issues and best thing about them is no other broker provide such opportunities then FBS it really help poor trader to make money on forex...Its promotions are mind blowing and really provide opportunity to make money...Love this one....u better try it...
  4. mahmah says:
    Country & city: malaysia
    Rating: .
    I have register an IB account at FBS. Then i invite friends to trade. After that my commission was removed and same goes to my upline. I have livechat with FBS. they said i violate rules. The rules - hedging between are too close. all the buy and sell must more than 6 pip/60 points. For scalper trader - not allow to take tp too little. For hedging trader - can't buy and sell in 6 pips/60 points. FBS never think of hedging strategy. For IB . i have livechat with them. example: If you have 100 clients, you have to monitor and take care all the trading. if any one of the client are violate rules(hedging on 6pip/60points). all of your commission will be cancelled. Problem is , some clients are from website affiliate. which don't even know who is them. we just make a deal, when i got commission then pay them certain percentage. ( this is very common in forex deal) ** 1 client violate , other client commission will cancel** seems this is the TRAP by giving high commission . all IB hardwork will waste in the end. FBS is the winner in the end.
    • FBS_Official says:
      Dear Mahmah! We are glad to know that first of all you have contacted our customer support in order to resolve the situation. Though, we are sorry, that our customer support’s explanation didn’t satisfy you and we consider that this issue should be clarified here, so everyone could see our point. As you have rightly pointed out - our customer support has informed you, that your partner’s commission has been cancelled due to the violation of the rules. In the first place we would like to remind you that each client before becoming an FBS Partner confirms that he/she has read Partner Agreement and has no objection to it. According to the Partner Agreement: 7.4. In case partner commission was received for Buy and Sell orders opened for the same instrument and held in the market simultaneously, while the difference between the opening prices of the orders was less than 5 points, the Company has ground to consider the partner's actions fraudulent and reserves the right to cancel the paid commission (the value is valid for 4-digit quotes. For 5-digit quotes a difference between opening and closing price should exceed 59 points). As we see in our system, you have 4 clients. We have checked the trading history of all of your clients and have found out that all of them were using hedged positions, while the difference between the opening prices of these orders was less than 5 (59) points. Unfortunately, this may be considered as the proof that the Partner commission in this case has been received with the help of fraudulent actions. Thus, your statement that if one client violates the rules, all Partner commission is cancelled is not true, since in your case all of your clients were using this scheme. We would like you to note that only that commission is cancelled, which has been got for the hedged orders with the difference between the opening prices less than 5 (59) points. As you may see, the condition about the difference in 5 (59) points doesn’t mean that the hedging is not allowed. We hope that we have managed to clarify all the issues and have high expectation that such situation will not take place in the future.
  5. Zubair says:
    Country & city: Pakistan
    Rating: .....
    I have the account with FBS for 6 months, FBS has quite good execution and trading conditions..they solve all issues and the best thing about them is no another broker provide such opportunities then FBS it really helps poor trader to make money on forex.
  6. Chi says:
    Rating: .
    A few hours ago, I used my EA to open three GBPCAD trades on my account. I was watching the trades and all of a sudden, the three positions closed abruptly with a loss of over $300. Note, I didn't have a stop-loss on my trades neither was the closure due to marginal calls as I had close to $1000 in the account. I immediately contacted support and was told that they couldn't see why the trades were closed that it may be due to my fault. I was surprised as to why this should happen. I insisted that I have the loss due to the closed trades refunded back to my account but the support after keeping me quite for more than 30 minutes kept repeating the same thing "we couldn't see why the trades were closed, blablabla". I honestly feel very bad about this why someone's trade will be manipulated to close in a loss. I respectfully ask for the refund of this loss due to the company and warn people to be very careful with fbs as this is pure trade manipulation, which is against the law. Below I provide my account number: 1268157 in case the company want to address this issue. I will be more than glad to provide an update either resolved or confirming the trade manipulation, that I suspect if I get response.