Launched in 2009, FBS is a regulated online forex and CFD broker that offer trading in a number of instruments, spread across currency pairs, metals, indices, and a few stocks, through their MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. The broker offers very competitive fees, fast execution, and direct market access and provides a range of trading tools, market analysis, and educational resources. They have several industry-standard awards for good brokerage services over the years, including the Best Broker Award.
FBS Review Introduction
In this FBS review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FBS.
FBS Platforms & Tools
FBS provides their clients with MT4 and MT5 trading platforms, which are two of the most widely used platforms among retail forex traders. In addition to providing easy access to the forex market, the MT5 platform is also used to trade stocks. Both platforms are available as installable desktop applications for Windows and Mac computers, and there are also web versions and mobile apps for Apple and Android devices.
FBS also provides MT4 Multiterminal for account managers, FBS Trader apps for mobile devices, and FBS CopyTrade platform for those who want to copy the trades of successful traders. The broker also provides a number of helpful trading tools, such as the FBS Personal Area Mobile APP for funding and managing your FBS accounts, VPS for a fast connection, and many more.
FBS Research & Education
The broker provides Forex Guidebook, a guide that explains how the market works with pictures, illustrations, and articles, and it’s arranged to suit the needs of beginner, intermediate, and experienced traders. They also organize webinars almost every week, and, occasionally, they hold seminars in different cities. The broker does provide daily market analysis and weekly insights.
FBS Trading Accounts
FBS offers the following account types:
- Cent account: The minimum deposit is $1, and the spread is floating, starting from 1 pip.
- Micro Account: $5 minimum deposit and a fixed spread that starts from 3 pips.
- Standard Account: The minimum opening deposit is $100 and it has a variable spread that starts from 0.5 pips.
- Zero Spread Account: Minimum deposit is $500, fixed 0 pip spread, but with a $20 commission per lot.
- ECN Account: It has a floating spread that starts from 1 pip, a $6 commission, and a $1,000 minimum opening balance.
FBS Account Funding
The broker provides multiple payment options, such as MasterCard and Visa credit/debit cards, electronic payments, Bitwallet, and Local exchangers through their multiple partnerships in several countries around the world. Bitwallet is only allowed for JPY accounts. Acceptable electronic payments are Skrill, Neteller, SticPay, and Perfect Money.
FBS Customer Service
FBS has a multi-lingual customer support team that is always available 24/7 to help with your questions and technical difficulties. You can reach the support team through email, fax, phone call, and the “call back” form on the broker’s website. There are also other channels, such as online chat, Viber, Facebook Messenger, and Telegram. They are also present on Facebook, Twitter, YouTube, and Instagram.
The broker has a European arm (www.fbs.eu) that is owned and operated by Tradestone Ltd, a financial service firm based in Cyprus, and an international arm (www.fbs.com) operated by FBS Markets Inc. Tradestone Ltd is authorized and regulated by the Cyprus Security and Exchange Commission (CySEC), with the license number 331/17, while FBS Market Inc. is regulated by the International Financial Services Commission (IFSC) in Belize, under the license number IFSC/60/230/TS/18.
FBS Review Summary
FBS is an established broker that has a presence in several countries around the globe through their multiple local partnerships. They offer direct market access via the ECN account option and provide multiple trading platforms and a Social-trading platform.
It is worth mentioning that some of the trading products and services in this FBS review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the FBS broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.