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FBS Review

Edited by: Louis Schoeman


Overall, FBS is a trustworthy and highly regulated Forex Broker with a low minimum deposit requirement. FBS offers access to a comprehensive selection of over 240 trading assets and has a trust score of 75 out of 99.

🔎 Broker🥇 FBS
💴 Minimum Deposit5 USD
💵 Inactivity FeeNone
🤝 Affiliate Program✅Yes
4️⃣ Ease of Use Rating4/5
📐 Trading InstrumentsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
🚀 Open an Account
👉 Click Here



Analysis of Brokers’ Main Features

  1. ☑️ Overview
  2. ☑️ Detailed Summary
  3. ☑️ Safety and Security
  4. ☑️ Account Types
  5. ☑️ How To Open an Account
  6. ☑️ Trading Platforms and Software
  7. ☑️ Fees, Spreads, and Commissions
  8. ☑️ Which Markets can You trade?
  9. ☑️ Leverage and Margin
  10. ☑️ Deposit and Withdrawal
  11. ☑️ Educational Resources
  12. ☑️ Pros and Cons
  13. ☑️ In Conclusion
  14. ☑️ Frequently Asked Questions



FBS is a highly regulated and established forex broker that offers its services to over 16 million people across the globe. The broker offers an appealing suite of features and advantages that are poised to attract both experienced traders and curious beginners.

The Broker puts a high priority on accessibility. With a relatively low minimum deposit requirement of only 5 USD, even newcomers may begin their financial adventure without putting a hardship on their budget.

Furthermore, the availability of competitive spreads, which start at 0.7 pips, helps to reduce trading costs, allowing investors to maximize their potential profits. It also offers a fixed-spread account with 0 pips, which is great for customers who value transparency.



Detailed Summary

🔎 Broker🥇 FBS
📈 Established Year2009
📉 Regulation and LicensesIFSC, CySEC, ASIC, FSCA
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, FBS Trader
🖱️ Account TypesRetail, Demo, Islamic
💴 Base CurrenciesUSD, EUR
📌 Spreads0.7 pips
📍 Leverage1:3000
💵 Currency Pairs71
💶 Minimum Deposit5 USD
💷 Inactivity FeeNone
🥰 Website LanguagesEnglish, German, Spanish, French, Italian, Portuguese, South African, Malay, Vietnamese, Turkish, Korean, and others
💳 Fees and CommissionsSpreads from 0.7 pips, commission-free
🤝 Affiliate Program✅Yes
❌ Banned CountriesJapan, United States, Canada, United Kingdom, Myanmar, Brazil, Israel, the Islamic Republic of Iran
⏩ Scalping✅Yes
▶️ Hedging✅Yes
📐 Trading InstrumentsForex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs
🚀 Open an Account👉 Click Here


What types of educational resources are provided for new traders?


Many instructional tools, including webinars, seminars, video tutorials, and a big educational library, help traders of all levels.

Detailed Summary


Safety and Security

Putting the security of its customers’ assets and data first, necessary measures are taken to ensure their safety. A stringent regulatory framework with oversight from established authorities such as FSC, FSCA, ASIC, and CySEC in Europe governs its operations.

Additional Safety and Security measures include:

  • Negative Balance Protection
  • Segregated accounts in the EU and Australia
  • ICF insurance is available to European clients
  • SSL encryption

With these measures in place, the broker provides a comprehensive security architecture that guarantees all customers have a reliable trading experience free from safety concerns.


Is insurance offered on Deposits?

Indeed, for European customers, ICF insurance is offered on deposits up to €20,000.

Safety and Security


Account Types

🔎 Account🥇 Retail Account
📈 AvailabilityAll traders
📉 MarketsForex, Metals, Indices, Energies, Stock CFDs, Crypto CFDs
💴 CommissionsNone; only the spread is charged
📊 PlatformsMetaTrader 4, MetaTrader 5, FBS Trader
💹 Trade SizeFrom 0.01 lots – 500 lots
⏩ Leverage1:3000 (Forex major pairs)
💵 Minimum Deposit5 USD
🚀 Open an Account
👉 Click Here

Retail Account

The design of the retail account prioritized adaptability and simplicity.   This low entry barrier is particularly attractive to inexperienced traders and those seeking to commence trading with a reduced initial investment, thereby mitigating financial risk.

This account allows seasoned traders to assess the trading conditions and features of the platform without having to invest a substantial amount of initial capital. Featuring a maximum leverage of 1:3000, the account is suitable for a wide range of trading strategies.

In addition to MetaTrader 4, MetaTrader 5, and the Proprietary Trader platform, traders have access to an extensive selection of tradable instruments, such as Forex, Metals, Indices, Energies, Stock CFDs, and Crypto CFDs.

Furthermore, traders who adhere to the principles of Islamic finance have access to a Swap-Free Islamic Option.

Retail Account

Demo Account

A comprehensive Demo Account that accommodates traders’ varying trading preferences is offered on the Cent, Standard, and Pro account tiers.

Traders of all experience levels can benefit from this adaptability, allowing them to test different trading environments and features.

Demo Account

Islamic Account

Per the tenets of Islamic finance, this account obviates the need for swap or carryover interest on overnight positions.

This account is designed to operate seamlessly across MetaTrader 4 and MetaTrader 5, ensuring a dependable and comfortable trading environment.

This service allows Muslim traders to trade a diverse array of assets, such as cryptocurrencies, commodities, Forex pairings, and equities, thereby enabling them to diversify their portfolios to uphold their religious convictions.

Islamic Account

Account for Professionals

The Professional Account is a one-of-a-kind solution specifically tailored for traders searching for a comprehensive platform that can accommodate their diverse trading expertise.

As the highest tier of FBS’s account hierarchy, traders must fulfill an advanced survey and provide pertinent legal documentation as evidence of their trading expertise.

After satisfying these prerequisites, account bearers with a Professional designation are granted elevated leverage on all available instruments.

The heightened leverage provided to traders enables them to refine their trading strategies and potentially augment their returns, rendering it an appealing option for seasoned traders.


What is the minimum deposit required to open a Retail Account?

The Retail Account has a minimum investment of just 5 USD, making it accessible to beginning traders.

Account for Professionals


How To Open an Account

  • To register an account, follow these steps:
  • Visit the official website and click on “Open Account.
  • Two options are available to you for registration.
  • Provide the requisite details.
  • An email containing a verification link should be found in your inbox.
  • Please click the link to activate your account and verify your email address.
  • Choose an account category that corresponds to your level of expertise and trading requirements.
  • To commence trading without delay, make a deposit.
  • FBS requires identity verification.
  • You will obtain a confirmation email once your account has been verified.
  • Download the trading platform of your choice from your Area and begin investigating the financial markets.


Can I open an account using my social media accounts?


Yes, registration is allowed using existing Google or Facebook credentials for a faster sign-up procedure.

How To Open an Account


Trading Platforms and Software

The following trading platforms and software are on offer:

  • MetaTrader 4
  • MetaTrader 5
  • FBS Trader

MetaTrader 4

MetaTrader 4 (MT4) is widely known worldwide for its ability to simplify trading procedures and offer comprehensive technical analysis across numerous financial instruments, particularly currency pairs in the Forex market.

MT4 can be easily accessed on various PC, iOS, Mac OS, and Android systems. Traders are presented with a broad spectrum of tools to conduct extensive price research using algorithmic trading through automated robots or Expert Advisors (EAs).

Despite the skill level, MT4 offers essential features and tools that enhance traders’ overall experience.

MetaTrader 4

MetaTrader 5

The MetaTrader 5 (MT5) trading platform is a highly advanced tool for global Forex, stock, and futures traders. Its improved features from MT4 offer more extensive options for detailed pricing research.

Its algorithmic trading application capabilities are particularly noteworthy, where users can employ pre-built or their own Expert Advisors (EAs), automating trade techniques to enhance efficiency while conducting trades.

The comprehensive set of tools provided by MT5 does not compromise on user experience, as experienced and novice traders have access to numerous possibilities that this platform has to offer.

MetaTrader 5

FBS Trader

FBS Trader is an exceptional mobile trading tool that simplifies global Forex trading. Its wide-ranging multi-asset platform empowers users to recognize potential market opportunities and promptly make informed decisions.

With its user-friendly interface, traders can confidently navigate various financial markets with extensive features that enhance their experience.

This outstanding app has been recognized for excellence, earning prestigious awards such as “Best Mobile Trading Platform Asia 2020” and “Best Trading Platform Asia 2021,” which further attests to its high-quality standards and versatility in adapting to changing market needs.


Can I use automated trading robots with the MetaTrader platforms?


Yes, MetaTrader platforms support using automatic trading robots (EAs) to assist algorithmic trading techniques.



Fees, Spreads, and Commissions


Multiple spreads are provided based on the trading instrument and account type to serve its diverse global clientele. For instance, EUR/USD is a well-liked currency pair with an initial spread as low as 0.7 pips. However, specific spreads may differ depending on these factors.


Commission fees are not charged for trading. Instead, the broker’s fee for facilitating the deal is reflected in the spread, ensuring transparency for traders globally.

Overnight Fees

Overnight costs are charged to traders who maintain positions for more than 24 hours, varying according to the financial instrument and direction (long or short). These fees may be credited or debited to the trader’s account.

Deposit and Withdrawal Fees

Traders might be charged fees for deposits and withdrawals when utilizing certain methods. For example, utilizing Perfect Money to deposit cash may incur costs ranging from 0.5% to 1.99%. Other deposit options, on the other hand, are almost always free.

Withdrawal costs vary depending on the withdrawal method used. To discover the particular costs that may apply, traders must pick “withdraw” from the deposits and withdrawal page.

Inactivity Fees

Inactivity fees are not charged.

Currency Conversion Fees

Traders should know that currency conversion fees may apply when making deposits or withdrawals from a USD or EUR-denominated account, guaranteeing openness and clarity in worldwide transactions.


Are Inactivity Fees Charged?


No, inactivity fees are not charged for inactive accounts.

Fees, Spreads, and, Commissions

Which Markets can You trade with FBS?

The following trading instruments and products are made available:

  • 36 Currency pairings
  • 8 Precious metals
  • 11 Global indexes
  • 3 Commodities
  • 125 Equities
  • 5 Cryptocurrencies

Traders may participate in cryptocurrency trading with leverage of up to 1:33, weighing the potential for big rewards against the hazards connected with these digital assets.


Can I trade indices and precious metals?

Yes, you can trade 11 worldwide indices and 8 distinct precious metals, with leverage of up to 1:33 for indices and up to 1:333 for precious metals.


Which Markets can You trade


Leverage and Margin

Leverage is a powerful feature provided by FBS that allows traders to manage greater positions than their original deposits would typically allow. Additionally, this increases the possibility for significant gains even with small amounts.

In contrast, the margin refers to the collateral or minimum amount needed to maintain an open leveraged position. Furthermore, it depends on the amount of the deal and the leverage used for the individual financial instrument.

Moreover, with FBS, leverage for Forex products goes from 1:1 to an extremely high 1:3000, with the option to change at any moment via the Personal Area. Notably, the broker uses an automated leverage adjustment strategy depending on the equity in a client’s account to balance trading possibilities and risk management.


What is the margin requirement for trading with leverage?

Margin requirements vary depending on the amount of the deal and the leverage employed for the financial instrument.

Leverage and Margin


Deposit and Withdrawal

🔎 Payment Method🌎 Country💰 Currencies Accepted⏰ Processing Time
💴 Electronic Funds Transfer (EFT)South AfricaZAR15 minutes – 7 days
💵 Debit/Credit CardAllEURInstant – 7 days
💶 NetellerAllUSDInstant – 7 days
💷 Perfect MoneyAllUSDInstant – 7 days
💴 SticpayAllUSDInstant – 7 days
💵 SkrillAllUSDInstant – 7 days
💶 PIXBrazilUSDInstant – 48 hours
💷 AstroPayBrazil, Chile, MexicoUSDInstant – 48 hours
💴 Banco Citibank S.ABrazilUSD15 minutes – 7 days

FBS makes a large number of Deposit Options and Withdrawal Methods available.

Bank Wire

  • Log in to your trading account on the website or trading platform.
  • Navigate to the ‘Finance‘ or ‘Deposit‘ area in the dashboard or account settings.
  • Select ‘Bank Wire‘ as your deposit method.
  • Please provide your nation and, if applicable, the intended deposit currency.
  • This guarantees the transaction is executed using the right banking data and currency.
  • Regarding your region and currency option, FBS will offer relevant banking information, such as the account number and SWIFT code.
  • Use these data to initiate a bank wire transfer from your bank account.
  • This is often done online, over the phone, or in person at a bank location.
  • Once the transfer has been initiated, confirm the transaction in your FBS account. Bank wire transactions may take several days to post to your FBS account.

Credit or Debit Card

  • Access your account on the FBS portal.
  • Navigate to the ‘Finance‘ or ‘Deposit‘ sections.
  • Choose this option as your deposit method.
  • Enter your card information, including the card number, expiry date, and CVV.
  • Enter the amount you want to deposit.
  • If necessary, do any extra authentication procedures for card security, such as a one-time password (OTP).
  • Submit and confirm your deposit.


Here is an overview of how to make a Withdrawal from FBS via the most popular Withdrawal Options:

Bank Wire

  • Access your account using the FBS portal.
  • Go to your account’s ‘Finance‘ or ‘Withdrawal‘ section.
  • Select ‘Bank Wire’ as your withdrawal method.
  • Provide your country and the currency you intend to withdraw.
  • Provide your bank account information, including your account number and SWIFT/BIC code.
  • Enter the amount that you want to withdraw.
  • Complete any extra verification procedures necessary by FBS and then submit your withdrawal request.

Credit or Debit Card

  • Log into the trading platform.
  • Locate the ‘Withdrawal‘ option in your account settings.
  • Select this mode of withdrawal.
  • Enter your credit card information.
  • Specify the amount you want to withdraw.
  • Complete any mandatory verification procedures.


How can I withdraw cash from my account?

Withdrawals are via bank transfer, credit/debit cards, e-wallets, cryptocurrencies, and various other options, with processing periods varying depending on the transaction.



Educational Resources

  • Forex Guidebook
  • Tips for Traders
  • Interactive webinars
  • Educational Video Lessons
  • Educational outreach

The FAQ section answers typical questions and concerns for prospective and present traders, assisting in decision-making and trading.


Can I attend live seminars and webinars?

Yes, the Broker offers live seminars and interactive webinars to help traders gain professional trading knowledge and abilities.

FBS Educational Resources


Pros and Cons

✔️ Pros❌ Cons
FBS supports more than 100 payment mechanisms, allowing for flexible financial transfersFBS no longer offers copy trading
FBS is extremely well-regulated globally and has several strict policies in placeFBS’s average Forex spreads may not be competitive in the market
FBS has received multiple industry awardsFBS charges deposit and withdrawal fees on some payment methods
FBS has low fees on stock and index CFDs, making it a popular choice for trading these productsNegative balance protection will not prevent traders from losing their invested funds
Experienced traders can take advantage of high leverage options, with up to 1:3000 for ForexThere is a limited range of tradable instruments compared to other brokers
Traders that trade seldom will benefit from the absence of an inactivity feeFBS only offers one retail trading account
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In Conclusion

FBS offers an appealing suite of features and advantages poised to attract both experienced traders and curious beginners.


Yes, FBS offers leverage according to account type and regulations. Be careful with leverage, which may boost earnings or decrease them.

To satisfy traders worldwide, FBS accepts bank cards, e-wallets, and local bank transfers. Furthermore, FBS organizes deposits and withdrawals according to the countries where its services are available.

Yes, due to its regulation by the FSC, FSCA, ASIC, and CySEC, FBS is a safe broker that follows strict industry standards and financial safety practices.

FBS normally processes digital wallet withdrawals in 48 hours, while bank wire transfers may take longer owing to bank regulations.

Yes, FBS provides 24/7 multilingual customer assistance to answer your issues.

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