FBS Broker Review 2024: 🔎Is It the Right Choice for You?

Best for synthetic indices

• Trade 24/7 incl weekends
• $5 minimum deposit
• Fund with Ecocash, Zipit etc

Visit Deriv Read Review

Best for currencies

• $5 Minimum deposit
• Low spreads
• Variety of trading accounts offered

Visit HFM Read Review

Best for beginners

• Well regulated
• No deposit bonus offered
• $5 minimum deposit

Visit XM Read Review

Our unbiased FBS broker review covers everything from the company's history and reputation to the types of accounts, fees, customer support and trading platforms available, so you can make an informed decision about whether FBS is the right choice for your trading needs in 2024.

What Is FBS Forex Broker?

FBS is an online global broker with a presence in over 190 countries. The brokerage company was founded in 2009 and it has seen phenomenal growth since then. The reliable and trustworthy broker currently boasts over 17 million happy customers.

Their growth has not gone unnoticed as the broker has won over 40 global awards. FBS is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. In addition to classic currency pairs, the company's clients can trade indices, futures contracts, exotic currencies, and metals.

This FBS broker review found that the broker is suitable for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.

FBS Broker Review: Overview

🏧 Broker's Name	FBS
⚖ Regulation	CySEC, ASIC, IFSC, FSCA,
📆 Year Founded	2009
💰 Minimum deposit	$1 for the cent account, $5 Micro Account, $500 Zero Spread Account
📈 Maximum Leverage	1: 3000
☪ Islamic Account?	Yes
🛒 Types of assets traded	Forex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies
🕹 Demo account	Yes
🗣 Languages supported on the Website	Deutsch,English,Español,Français,Italiano,Português
💲 Payment methods	Neteller; Sticpay; Skrill; Perfect Money
🎁 Contests & Bonuses?	Yes
🧾 Trading Platforms	MT4, MT5
💹 Is PAMM supported	No
📊 Is CopyTrader supported?	Yes
📊Sign up Bonus	$140

 

 

FBS Broker Review: Trading Account Types

This FBS broker review found that the broker offers its traders 5 different account types. Each account type has different advantages and features for traders.

The table below shows the main differences between FBS’s account types.

The good thing with FBS is that you can open multiple trading accounts with different account types.

FBS Cent account

Our FBS review found that this account is designed for beginners and allows traders to trade with small amounts of capital. The minimum deposit is just $1, and the account offers low spreads and no commission.

• Initial deposit: $1
• Spread: From 1 pip
• Order volume: 0.01 – 1000 cent lots
• Leverage: Up to 1:1000

Open FBS Cent Account

 

FBS Micro account

This account type is 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

Open FBS Micro Account

FBS Standard Account

This account offered by FBS broker is designed for more experienced traders and offers tighter spreads and faster execution speeds. The minimum deposit is $100, and the account offers commission-based trading.

• Initial deposit: $100
• Spread: From 0.5 pip
• Order volume: 0.01 – 500 lots
• Leverage: Up to 1:3000

Open FBS Standard Account

FBS Zero Spread Account

This FBS forex broker account is designed for traders who want to trade with no spreads. Instead, the account charges a commission on each trade. The minimum deposit is $500.

• Initial deposit: $500
• Spread: Fixed, 0 pip
• Order volume0.01 – 500 lots
• Leverage: Up to 1:300

Open FBS Zero Spread Account

FBS ECN Account

This account is designed for professional traders and offers the tightest spreads and fastest execution speeds. The minimum deposit is $1,000, and the account offers commission-based trading.

• Initial deposit: $1000
• Spread: From   -1 pip
• Order volume: 0.1 – 500 lots
• Leverage: Up to 1:500

Open FBS ECN Account

FBS Crypto Account

The FBS crypto account is a type of trading account that allows traders to trade cryptocurrencies. The account offers a range of features and benefits, including:

1. Wide range of cryptocurrencies: The account allows traders to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.
2. User-friendly trading platform: The account can be traded on the MetaTrader 5 (MT5) platform, which is known for its user-friendly interface and advanced trading tools.
3. Competitive trading conditions: The account offers competitive trading conditions, including low spreads and fast execution speeds.
4. Leverage: The account offers leverage of up to 1:3, which can increase potential profits.
5. Security: The account offers a range of security features, including SSL encryption and two-factor authentication.

Advantages of the FBS Crypto Account

There are several advantages to trading on the FBS crypto account:

• Diversification: Trading cryptocurrencies can provide diversification to a trader's portfolio, reducing overall risk.
• Potential for high returns: Cryptocurrencies are known for their potential for high returns, providing an opportunity for traders to make significant profits.
• User-friendly platform: The MT5 platform is known for its user-friendly interface and advanced trading tools, making it easy for traders to trade cryptocurrencies.
• Competitive trading conditions: The account offers competitive trading conditions, including low spreads and fast execution speeds.
• Security: The account offers a range of security features, ensuring that client data and funds are protected.

Disadvantages of the FBS Crypto Account

• There are also some disadvantages to trading on the FBS crypto account:
• Volatility: Cryptocurrencies are known for their volatility, which can lead to significant losses if not managed properly.
• Limited regulation: Cryptocurrencies are not regulated in the same way as traditional financial instruments, which can increase risk.

Open FBS Crypto Account

FBS Demo Account

• FBS offers traders the option of registering a demo account which can be used by traders in any of the following ways:
• A practice account that can be used by new traders to build their trading skills and gain experience before they start in a live trading environment.
• Traders who are comparing brokers by viewing the broker’s offering in a risk-free environment.
• Traders who want to test out their trading plans and strategies before applying them in a live trading environment.
• When registering for an FBS demo account, traders can demo any of the live trading accounts offered. The features that traders can expect will thus depend on the account that they test out along with access to all the trading platforms offered.

Open Demo Account

How to Open An FBS Real Account – Step by Step

This FBS broker review found that opening a real forex trading account with the broker is very easy. Simply follow the five steps below.

1. Get to the FBS real account registration page

   Visit fbs.com or click here to get to the registration page.

2. Fill in the form

   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.  Select Real Account

   Select the option to ‘proceed’ and the account types will open then select the Real option.
   

4. Select your Account type

   Select the account type you would like to open from the range of accounts offered by FBS.

5. Start trading

   Complete the requested information and select ‘open account' and fund your account. Do FBS login and download Metatrader 4 or Metatrader 5 platforms and start trading

FBS Broker Trading Platforms

FBS offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely used in the forex and CFD trading industry and offer a range of advanced trading tools and features.

MT4 is known for its user-friendly interface and customizable charts, while MT5 offers additional features such as more advanced technical analysis tools and the ability to trade on exchange-traded stocks and futures. In addition to the desktop platforms, FBS also offers mobile trading apps for both iOS and Android devices.

These apps allow traders to access their accounts and trade on the go.

FBS Broker Review: Bonuses & Promotions

FBS Level Up Bonus

This FBS review discovered that the broker has a no deposit bonus offer where $70 or $140 will be deposited into the client's bonus accounts! The bonus is completely free of charge and the conditions are extremely simple. To get the Level Up Bonus, the trader needs is:

1. Get the Bonus in the FBS Personal area. If you are using the FBS – Trading Broker app, $140 will be deposited into your account. If you are using the web Personal area, $70 will be deposited into your Bonus account – double it by installing the FBS – Trading Broker app and signing in.
2. Confirm your email and connect your Facebook page
3. You have 40 days to trade using the bonus – trade for at least 20 days and make short breaks, no more than 5 days. After the Bonus is over, you can transfer your profits into your Real FBS account, 

Learn more about the level-up bonus below.

The FBS League Contest (Win Up To US$450)

The FBS League is a demo contest held twice a month. The contest is for traders who want to unlock their trading potential and earn real funds at the same time. The competition is open to both beginners and expert traders.

The contest is held on MT5. It is advisable to start as soon as a match starts so that you have a longer trading period and you increase your chances of making more profit.

There are two ways to participate in the contest. You can choose whether you want to hit the top 5 as a solo player or as part of a team of 3 to 5 traders. Or you can be both and get rewards for two matches! Learn more about the FBS League contest below.

Play Demo Contest

FBS Loyalty Program

FBS also offers a loyalty program to reward clients for trading on the platform.

What is the FBS Loyalty Program?

The FBS loyalty program is designed to reward clients for trading on the platform. The program offers a range of benefits, including cashback, free VPS hosting, and other rewards.

The program is divided into five levels, each with its own set of benefits. The levels are:

1. Bronze: This is the starting level and offers basic benefits such as cashback and free VPS hosting.
2. Silver: This level offers additional benefits such as a personal account manager and priority withdrawal processing.
3. Gold: This level offers even more benefits, including exclusive trading tools and a higher cashback rate.
4. Platinum: This level offers the highest cashback rate and additional benefits such as a dedicated support team and access to exclusive events.
5. Diamond: This is the highest level and offers the most exclusive benefits, including a personal VIP manager and access to VIP events.

Benefits of the FBS Loyalty Program

There are several benefits to participating in the FBS loyalty program:

• Cashback: The program offers cashback on every trade, providing an additional source of income for traders.
• Free VPS hosting: The program offers free VPS hosting, which can improve trading performance by providing faster execution speeds and reducing downtime.
• Exclusive trading tools: The program offers exclusive trading tools that can help traders improve their trading performance.
• Priority withdrawal processing: The program offers priority withdrawal processing, which can help traders access their funds more quickly.
• Dedicated support team: The program offers a dedicated support team that can provide assistance with any issues or questions.
• Access to exclusive events: The program offers access to exclusive events, which can provide networking opportunities and access to industry experts.

How to Participate in the FBS Loyalty Program

To participate in the FBS loyalty program, traders must first register for an account with FBS and start trading. As traders accumulate trading volume, they will move up through the levels of the program and gain access to additional benefits.

FBS Broker Review: Deposit and Withdrawal Methods

This FBS broker review found that depositing and withdrawing money is a simple process. The broker offers different payment methods allowing you to choose the method most convenient for you. You can use bank cards or electronic wallets. First of all, we recommend verifying your full identity with FBS before you deposit and start trading with real money.

In the dashboard, you will see the FBS account verification instructions. It is very important to verify your FBS account because the broker only processes withdrawals to verified accounts.

These methods are available for deposit and withdrawal: 

• Credit Cards
• Neteller
• Skrill
• Sticpay
• Perfect Money
• Bitwallet
• Local Exchangers and Bank Wire
• CashU
• 2Pay4You

FAQs On FBS Broker Review

Can FBS be trusted?

Yes, FBS can be trusted since it is a regulated broker that has been serving clients for over ten years.

How long does FBS withdrawal take?

Withdrawals from FBS via e-wallets take less than 30 minutes, while those done via credit or debit cards take 3-4 days to process

What is the minimum deposit required to open an account with FBS?

The minimum deposit required to open an account with FBS varies depending on the account type. For example, the Cent Account requires a minimum deposit of just $1 while the standard account requires a minimum deposit of $100

What are the deposit and withdrawal methods available on FBS?

FBS offers a range of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets such as Skrill and Neteller, and local payment methods such as FasaPay and Perfect Money.

Does FBS offer any bonuses or promotions?

Yes, FBS offers a range of bonuses and promotions to attract new clients and reward existing ones. These include a no deposit bonus, deposit bonus, and a loyalty program that rewards clients for trading on the platform.

What financial instruments can I trade on FBS?

FBS offers a wide range of financial instruments to trade, including forex, stocks, commodities, and indices. In addition, FBS also offers a crypto account that allows traders to trade cryptocurrencies.

What account types does FBS offer?

FBS offers several account types to suit the needs of different traders, including Cent Account, Standard Account, ECN Account, Zero Spread Account, and Islamic Account. Each account type has its own set of features and benefits, such as low spreads, commission-based trading, and more.

What trading platforms does FBS offer?

FBS offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely used in the forex and CFD trading industry and offer a range of advanced trading tools and features. In addition to the desktop platforms, FBS also offers mobile trading apps for both iOS and Android devices.

Is FBS a regulated broker?

Yes, FBS is regulated by the International Financial Services Commission (IFSC) in Belize. While Belize is not a major financial center, the IFSC is a reputable regulatory body that oversees the financial services industry in the country. FBS also operates under the European Securities and Markets Authority (ESMA) regulations, which provide additional protection for European clients.

What is the customer support like on FBS?

FBS offers customer support via live chat, email, and phone. The platform also offers a range of educational resources and a comprehensive FAQ section.

What are the advantages of trading with FBS?

The advantages of trading with FBS include competitive trading conditions, a range of financial instruments to trade, user-friendly trading platforms, a range of account types to suit different traders, and a range of bonuses and promotions.