Thinking about trading with FBS in 2025? You’re not alone—many new traders are seeking trustworthy brokers. But how do you know if FBS is the right fit for you? Is FBS legit?
It’s a common challenge—picking the wrong Forex broker can lead to unnecessary stress and lost funds. In this FBS review, we’ll break down key factors like fees, security, and platform features to help you decide if FBS fits your trading goals.
What Is FBS?
FBS is an international online brokerage offering forex and CFD trading services to over 27 million clients globally. FBS was founded in 2009 by a group of industry professionals with prior experience at leading forex brokers. The company is now headed by FBS Markets Inc. and has its headquarters in Limassol, Cyprus (Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203).
Over its 13+ years of operations, FBS has expanded to serve more than 27 million clients in over 150 countries.
As an award-winning broker, FBS has over 90 industry recognition honors from well-regarded outlets like Global Brands Magazine, European CEO Awards etc. It is also the Official Principal Partner of Leicester City Football Club since 2016 underscoring global ambitions.
However, FBS services are NOT accessible to clients in regions such as Canada, USA, Israel, the Islamic Republic of Iran, Myanmar, Turkey, Brazil, and Sudan primarily for regulation compliance reasons imposed by company policy or local laws. They continue building more localized offerings for such markets.
With over a decade of operations, multiple international licenses, a steady expansion strategy, and the absence of any major investor complaints against license withdrawal or fraudulent activities – FBS demonstrates the hallmarks of a reliable and recommended forex broker as evaluated in this FBS broker review.
FBS Review: Pros and Cons
Analyzing the overall offerings of FBS, some of the key advantages are:
| Pros | Cons |
|---|---|
| ✅ Competitive spreads (0 pips) and high leverage (up to 3000) | ⚠️ Not explicitly regulated in every country of operation |
| ✅ Well-regulated by the FSC (Belize) | ⚠️ Not available in the USA, the EU, the UK, Israel |
| ✅ No commissions or hidden fees | |
| ✅ Advanced MT4 & MT5 platforms supported | |
| ✅ Wide range of funding methods without transaction fees | |
| ✅ Superior educational resources for novice traders | |
| ✅ 24X5 live multilingual customer support | |
| ✅ Ability to trade stocks, crypto, and indices |
The positives of regulation compliance, platform features, and customer service appear to outweigh most limitations as per existing trader feedback.
As we go deeper into this FBS broker review and look into areas like trading fees, regulations, and platform features – we’ll see that FBS checks several boxes in terms of services and credibility. But how safe and secure is this broker? Let’s find out.
Safety & Security
This FBS review would not be complete if you do not know whether this broker is safe or not. At FBS, the security of your funds is top priority. They implement robust measures to ensure both the safety and reliability of your transactions and data. Here’s how they protect your account:
Segregated Accounts
FBS stores your funds in insured accounts at top-tier banks, completely separate from their operational funds. This ensures that your money remains safe and accessible at all times.
Secure Withdrawals
To protect your withdrawals, FBS uses One-Time Password (OTP) verification. Only you can authorize withdrawal transactions, ensuring no unauthorized access to your funds.
PCI DSS Certification
FBS complies with the Payment Card Industry Data Security Standard (PCI DSS). This industry-standard certification helps reduce card fraud and secure sensitive payment information, giving you peace of mind during every transaction.
3D Secure Payments
For online card transactions, FBS implements 3D Secure technology. With SMS code authentication, they add an extra layer of protection, preventing unauthorized transactions and protecting you from card fraud.
Fast and Automated Processing
FBS understands the importance of reliable processing. Transactions are processed promptly, with instant deposits and withdrawals using secure systems. This ensures that you have uninterrupted access to your funds.
By incorporating these security protocols, FBS guarantees that your trading experience is both safe and reliable. You can focus on trading with confidence, knowing that your funds and personal information are well-protected.
Is FBS Legit?: Regulation
Yes! FBS operates under the regulation of the Financial Services Commission (FSC) in Belize, ensuring a secure and transparent trading environment for clients worldwide. This regulatory framework is designed to combat money laundering, promote fair trading practices, and adhere to international financial standards.
Why the FSC (Belize) License Matters:
- Progressive Oversight: The FSC (Belize) is known for its proactive measures against money laundering and terrorist financing.
- Streamlined Legal Processes: All regulatory procedures are simplified, with documentation available in English, making compliance straightforward and efficient.
- Global Standards: Belize’s legal system meets international benchmarks, ensuring consistency and transparency in oversight.
By adhering to FSC regulations, FBS demonstrates its commitment to building trust and safeguarding traders’ interests.
FBS Review: Trading Platforms
FBS offers a versatile range of trading platforms to meet the needs of every trader, whether you’re a beginner or an expert. The FBS app, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) provide powerful tools for seamless trading and analysis.
FBS App
The FBS App combines functionality with convenience, allowing traders to deposit, withdraw, manage accounts, and trade over 550 instruments on the go. Its user-friendly interface makes it easy to analyze real-time charts, execute trades quickly, and manage account balances.
With over 90 indicators and customizable chart options, the app empowers traders to make data-driven decisions anytime, anywhere. It also ensures robust security and offers 24/7 in-app customer support for instant assistance.
MetaTrader 4
The MetaTrader 4 (MT4) platform remains a favorite among Forex traders for its advanced technical analysis tools and flexibility. MT4 provides nine chart timeframes, 31 technical indicators, and algorithmic trading capabilities using Expert Advisors (EAs).
Features like one-click trading, real-time news updates, and multi-terminal account management make it ideal for managing multiple strategies with ease.
MetaTrader 5
For those seeking enhanced functionality, the MetaTrader 5 (MT5) platform delivers superior performance and features. It supports 21 chart timeframes, 38 technical indicators, and eight pending order types, giving traders precise control.
MT5 also includes an economic calendar, upgraded EAs, and hedging options to optimize risk management. Plus, it allows trading across a wide range of markets, including Forex, stocks, indices, metals, and energies.
With these platforms, FBS ensures traders have access to cutting-edge tools for success, whether on desktop, web, or mobile devices.
FBS Review: Account Types
FBS offers a variety of account types tailored to meet the needs of different traders, whether you’re a beginner or an experienced professional. These include;
- Cent Account,
- Standard Account,
- Zero Spread Account,
- ECN Account,
- Islamic Account,
- Demo Accounts.
The Cent Account is perfect for beginners or those with smaller deposits. It requires just a $1 minimum deposit, offers floating spreads starting at 1 pip, and has zero commissions. With leverage up to 1:1000 and order volumes as small as 0.01 cent lots, it allows traders to experience real trading with significantly reduced risk.
The Standard Account caters to more experienced traders. Starting with a $100 minimum deposit, it features floating spreads from 0.5 pip, no commissions, and leverage as high as 1:3000. This account is ideal for those testing advanced trading strategies while aiming to maximize profits.
For traders prioritizing precision and speed, the Zero Spread Account is an excellent choice. With a $500 minimum deposit, it offers fixed spreads at 0 pip and a commission starting at $20 per lot. Leverage reaches up to 1:3000, making it ideal for those who need predictable costs and ultra-fast execution.
The ECN Account is built for professional traders seeking direct market access. Starting with a $1000 deposit, it offers spreads from -1 pip, a $6 commission per lot, and leverage up to 1:500. This account provides unparalleled market execution and deep liquidity, suitable for high-frequency and institutional-level trading.
FBS also offers Demo Accounts for both Cent and Standard account types. These accounts allow traders to practice their strategies risk-free with virtual funds, providing a hands-on learning experience before transitioning to live trading.
Additionally, the Islamic Account accommodates traders following Sharia law by eliminating swap fees on overnight positions.
Each account type supports all trading strategies, including the use of Expert Advisors (EA), ensuring flexibility and adaptability for diverse trading styles.
FBS Review: Trading Instruments
FBS offers a wide array of trading instruments, allowing you to diversify your portfolio across multiple markets. Whether you’re interested in Forex, stocks, energies, indices, or metals, FBS provides competitive conditions to help you excel.
Forex trading includes popular pairs like EURUSD, GBPUSD, and USDJPY, available 24/5. For those interested in more exotic markets, FBS offers Forex Exotic pairs from emerging economies. You can trade these pairs on MetaTrader 5, with limited availability on MetaTrader 4. Keep in mind that Islamic accounts incur a weekly commission for long-term positions in Forex Exotic instruments, calculated based on the swap value.
For stocks, FBS lets you trade instruments from major and minor global markets. Manage your risk effectively with negative balance protection while accessing a wide selection of equities.
If you’re focused on energy markets, energies trading with FBS allows you to trade CFDs on commodities like oil and gas under excellent market conditions, providing opportunities in volatile markets.
For those looking to tap into the precious metals market, FBS offers metals trading, enabling you to trade CFDs on gold, silver, and other metals. These instruments can help you hedge against economic shifts and inflation.
Additionally, indices trading at FBS equips you with powerful tools, tight spreads, and expert analysis, allowing you to trade global indices with precision.
FBS provides excellent flexibility with order execution as fast as 0.01 seconds, leverage up to 1:3000, and an initial deposit from just $5. With demo and Swap-Free account options, traders of all levels can access these instruments with confidence.
FBS Review: Leverage and Margin
FBS provides dynamic leverage options to boost your trading potential while requiring minimal margin. Leverage allows traders to control large positions with small initial deposits, maximizing profit opportunities. However, the sum of equity in your account determines the leverage limits, which FBS adjusts automatically for open and reopened positions.
For Forex and Forex Exotic instruments, FBS offers leverage ranging from 1:1 to 1:3000. Traders can modify their leverage anytime through the FBS Trader Area. The leverage tiers are as follows:
- 1:3000 for accounts with equity up to $199
- 1:2000 for equity between $200–$1,999
- 1:1000 for equity between $2,000–$4,999
- 1:500 for equity between $5,000–$29,999
- 1:200 for equity between $30,000–$149,999
- 1:100 for equity of $150,000 or more
For other instruments, FBS offers fixed leverage rates:
- Metals: 1:500
- Energies: 1:200
- Stocks: 1:100
- Indices: 1:500 for US30, US100, US500; 1:200 for others
Risk management is essential when using leverage. FBS protects traders from negative balances and provides stop-loss settings to help minimize risks. With these features, FBS ensures traders can optimize leverage without compromising account safety.
FBS Crypto Trading
FBS allows you to trade cryptocurrency in pairs with USDT, including popular options like BTC/USDT, ETH/USDT, LTC/USDT, and XRP/USDT. The process is simple: open a crypto account in your FBS Personal Area or FBS Trader, deposit funds, choose your preferred crypto pair, and start trading.
However, despite this easy access to crypto trading, we do not recommend trading cryptocurrency with FBS. The platform does not specialize in crypto trading, and the features available for digital asset trading fall short compared to those offered by other dedicated crypto brokers. The lack of robust tools, limited pairs, and market analysis options can significantly hinder your trading experience.
For a more comprehensive and rewarding crypto trading experience, we suggest exploring our list of best crypto brokers that focus on cryptocurrency markets. These platforms offer better liquidity, advanced features, and specialized tools for managing the inherent risks of crypto trading.
Fees, Spreads, and Commissions
FBS offers transparent and competitive pricing to ensure traders can increase their profits. Deposits are completely free of charge, though some payment providers may impose a fee. FBS compensates for these charges, so traders don’t bear the cost. The minimum deposit to start trading is just $5, making it accessible for all traders.
When holding positions overnight, FBS charges an overnight fee, which ranges from 0.5% to 1.5%. This fee varies based on the instrument and market conditions.
Withdrawals are processed proportionally to the amounts deposited. For example, if you made three separate deposits of $10, $20, and $30, your withdrawal will be processed in the same order, with the withdrawal fee applied accordingly.
For traders in the Crypto market, FBS charges a commission of 0.05% for both opening and closing positions, keeping the trading costs low while ensuring flexibility in the crypto space.
FBS also offers spreads as low as 0.7 pips on Forex pairs, providing tight pricing to help you secure the best possible entry and exit points. For other instruments, such as stocks and indices, spreads may vary depending on liquidity and market conditions. This flexible pricing model ensures you’re trading with the most efficient costs.
Deposit and Withdrawal Options
This one of the most important part of this FBS review. It might interest you to know that FBS offers fast, secure, and convenient deposit and withdrawal methods to ensure smooth transactions for all users. With 200+ payment methods, you can easily manage your funds globally and locally. Here’s a breakdown of the key features:
Deposit Methods
- Visa, Mastercard
- Commission: 0%
- Processing Time: Instant
- Limits: From $3 to $999,999
- Sticpay
- Commission: 0%
- Processing Time: Instant
- Limits: From $5
Withdrawal Methods
- Visa, Mastercard
- Commission: €0.5
- Processing Time: 15–20 minutes (up to 7 business days max)
- Limits: From $1 to $50,000
- Sticpay
- Commission: 0%
- Processing Time: 15–20 minutes (up to 48 hours max)
- Limits: From $3 to $50,000
Note: All transactions require full verification for security, ensuring a safe and seamless experience.
Your Funds Are Safe With FBS
FBS takes the safety of your funds very seriously. Several security measures have been implemented to protect your money:
- Segregated Accounts: Your funds are kept separate from company balances, ensuring availability at all times.
- Secure Withdrawals: OTP (One-Time Password) verification for extra protection.
- PCI DSS Certification: Strict adherence to industry standards to prevent card fraud.
- 3D Secure Payments: Added security for card transactions with SMS code authentication.
With these protections in place, your funds remain secure at all times.
How to Deposit and Withdraw Funds
To make deposits or withdrawals, follow these simple steps within the Trader Area or FBS app:
To Deposit
- Click on Finances in the menu.
- Choose the Deposit option.
- Select your preferred payment method and click on it.
- Specify your trading account and provide the required details.
- Enter the amount and currency you want to deposit.
- Click the Deposit button to complete the transaction.
To Withdraw
- Click on Finances in the menu.
- Choose the Withdrawal option.
- Select your payment method and provide the required details (upload card copies if withdrawing via card).
- Enter the withdrawal amount.
- Click Confirm withdrawal to complete the process.
FBS ensures that both deposits and withdrawals are hassle-free and secure, helping you manage your trading funds efficiently.
Customer Support
FBS offers exceptional customer support designed to ensure that traders have a seamless experience at every stage. Whether you’re new to trading or a seasoned pro, FBS is here to assist you.
- 24/7 Availability: Contact support anytime, day or night.
- Multiple Communication Channels:
- Live chat
- Email: support@fbs.com
- Phone: +357 22 010970 and +501 611 0594.
- Social media: Telegram, Instagram
- Instant Responses: Expect quick replies to your queries.
- Comprehensive Assistance: Get help with technical issues, account management, or trading inquiries.
- Languages Supported: Receive support in several languages, including English, Russian, Spanish, Arabic, and more.
With FBS’s customer support, traders receive prompt, helpful, and reliable assistance whenever needed.
Educational Resources
FBS is dedicated to helping traders grow through a wide range of educational resources. Whether you’re just starting or looking to refine your strategies, you’ll find everything you need to succeed.
- Webinars and Tutorials:
- Learn trading strategies, market analysis, and platform usage.
- Join live sessions or watch pre-recorded content at your convenience.
- Video Guides:
- Watch easy-to-follow video lessons on various aspects of trading.
- Improve your technical and fundamental analysis skills.
- Blog and Articles:
- Read insightful articles on trading techniques, market trends, and broker updates.
- Stay informed with expert tips and recommendations.
- Demo Account:
- Practice trading risk-free with a demo account.
- Test strategies and gain confidence before trading with real funds.
FBS provides all the tools you need to enhance your trading knowledge, ensuring you can make informed decisions and reach your full potential.
Bonuses and Promotions
FBS offers exciting bonuses and promotions to enhance your trading experience, providing you with extra opportunities to maximize your potential. Here’s a glimpse of the current promotions available:
Happy New Trade Promo
FBS kicks off 2025 with a New Year’s campaign packed with rewards and thrilling prizes.
- How to participate: Deposit $100 and trade 1 lot to unlock the first-level reward.
- Prizes include:
- TradingView Plus subscriptions
- Cashback bonuses
- High-end gadgets: Apple Watch Series 10, iPhone 16 Pro Max, Samsung Galaxy S24 Ultra
- Premium cars: Up to $150,000 in value
- Luxury cars: Worth up to $1,000,000
- Grand raffle: A chance to win a share of the $150,000 prize pool by earning raffle tickets as you progress through 20 levels.
Additional Bonuses
- Welcome Bonus: Enjoy a 100% bonus on your first deposit to kickstart your trading journey.
- Rebate Service: Earn rebates of up to $9 per lot traded through FBS’s rebate service.
- Loyalty Bonuses: FBS rewards loyal traders with tailored bonuses based on their activity.
With these bonuses and promotions, FBS not only motivates traders but also offers tangible rewards for consistent effort. Start trading today and take full advantage of all the opportunities available.
Comparing FBS vs Exness vs IC Markets vs XM
 |
 |
 |
 |
|
|---|---|---|---|---|
Trustpilot Rating |
4.3/5 |
4.7/5 |
4.8/5 |
3.2/5 |
Year Founded |
2009 |
2008 |
2007 |
2009 |
Security |
Segregated accounts, PCI DSS, OTP verification |
Segregated accounts, SSL encryption |
Segregated accounts, 2FA |
Segregated accounts, 2FA |
Regulation |
IFSC, CySEC |
FCA, CySEC, FSCA |
ASIC, CySEC, FSA |
ASIC, CySEC, FCA |
Fees |
0% deposit fees, 0.5–1.5% overnight fees |
0% deposit fees, low spreads |
Low spreads, $3.50/lot commission |
No deposit fees, low spreads |
Minimum Deposit |
$5 |
$1 |
$200 |
$5 |
Trading Instruments |
Forex, stocks, metals, indices, energies, cryptocurrencies |
Forex, metals, indices, crypto |
Forex, indices, stocks, metals |
Forex, metals, stocks, indices |
Trading Platforms |
MetaTrader 4, MetaTrader 5, FBS App |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, MetaTrader 5, cTrader |
MetaTrader 4, MetaTrader 5 |
Leverage and Margin |
Up to 1:3000 |
Up to 1:2000 |
Up to 1:500 |
Up to 1:888 |
TrustPilot FBS Reviews
FBS has received positive reviews from traders worldwide because they are reliable and user-friendly. On Trustpilot, for example, FBS holds a strong 4.3-star rating. This rating reflects a largely positive user experience. While slightly behind competitors like Exness (4.7 stars) and IC Markets (4.8 stars), it significantly outshines XM (3.2 stars), showcasing its reputation as a reliable broker.
Here’s what users are saying about FBS:
- User-Friendly Platforms
FBS trading platforms like MT4 and MT5 are widely praised for their intuitive design. Victor Delgado from the Philippines described the platform as “simple, user-friendly, and reliable,” making it a go-to for both beginners and experienced traders.
- Hassle-Free Transactions
Traders appreciate the seamless deposit and withdrawal processes. FBS offers instant withdrawals, earning praise for its speed and transparency. - Educational Support
With live streaming sessions, in-depth trading information, and educational tools, FBS helps traders enhance their skills. HD from Indonesia credits these resources for helping him grow into a professional trader.
- Reliable Customer Service
The company’s responsive customer support stands out. Users note the ease of reaching representatives and receiving prompt assistance when needed. - Minor Concerns
While most FBS reviews are overwhelmingly positive, some users, like Caleb Akaehie from Nigeria, mention occasional server delays. However, they still acknowledge FBS as a “great broker” and a transparent company.
FBS’s mix of reliability, user-centric features, and constant improvement makes it one of the best brokers among Forex traders.
FBS Review – Conclusion
Based on this comprehensive and detailed FBS review across multiple aspects, we rate FBS as an excellent and recommended online brokerage.
FBS is ideally suited for beginner and advanced traders seeking forex, stocks, and indices trading given competitive spreads from 0 pips, option of high leverage, and free educational resources that facilitate efficient trading decisions.
With the ability to trade a wide range of asset classes from a single account, FBS caters well to veterans and novice investors alike. Overall, FBS checks all the boxes in terms of security, platform capabilities, dedicated customer support and ethical operating practices expected from industry-leading brokers.
FAQ
1. Is FBS Legit?
Yes, FBS is a legitimate and regulated Forex broker. It is licensed by the Financial Services Commission (FSC) of Belize and complies with international standards, ensuring secure and reliable trading services for clients.
2. What can I trade with FBS?
FBS offers a wide range of trading instruments, including:
- Forex: Major, minor, and exotic currency pairs
- Stocks: Shares from global markets
- Commodities: Gold, silver, and other metals
- Energies: Oil, gas, and more
- Indices: Global index CFDs
- Cryptocurrency: Trading crypto pairs with USDT
3. Can I trade gold on FBS?
Yes, you can trade gold on FBS under the symbol XAUUSD. You can access it via the FBS Trader app and MetaTrader 4 or 5. You can also check contract specifications on the FBS website.
4. How much is the minimum deposit in FBS?
The minimum deposit is $5. However, some payment methods may have higher minimums:
- Neteller: $10
- Skrill: $12
- Perfect Money: $5
5. Is FBS good for beginners?
Yes, FBS is excellent for beginners. It offers a range of educational resources, including:
- Courses
- Platform tutorials
- Live webinars These resources help beginners get started with trading and develop their skills.
6. Does FBS offer crypto trading?
Yes, FBS allows you to trade cryptocurrency in pairs with USDT. It provides a fast, reliable, and user-friendly platform for crypto trading.