FBS Review

FBS is a global company that helps people trade in the foreign exchange (forex) market. It has been in business for over 10 years. In this review, we’ll go over everything you need to know about FBS, including its pros and cons, fees, regulations, deposits and withdrawals, trading platform, account types, education, and customer support. By the end, you’ll know if FBS is a good choice for you. Keep reading! 

🏢 Headquarters Cyprus
📅 Year founded 2009
🗺️ Regulation CySEC (Cyprus), FSCA (South Africa), IFSC (Belize), ASIC (Australia), FSC
💻 Trading platform: MT5, MT4, FBS trader
💰 Account currency: EUR
📊 Accounts: Standard account, cent account, demo standard account, demo cent
💵 Withdrawal options: Wire Transfer, Neteller, Skrill, Credit Card, Rapid Transfer, Maestro, Visa, Mastercard
💵 Deposit options: Wire Transfer, Neteller, Skrill, Credit Card, Rapid Transfer, Maestro, Visa, Mastercard
🚀 Minimum deposit: $5 (vary for different payment systems: Neteller: $10. Skrill: $12. Perfect Money: $5)
⚖️ Leverage: 1:29 (CySEC ), 1:400 (FSCA), 1:3000 (IFSC), 1:30 (ASIC)
☪️ Islamic account (swap free) Yes
🎮 Demo Account Yes, (Offers Practice demo accounts)
💱 Spread: From 1 pip
🔧 Instruments: Forex, indices, metals, futures contracts
📋 Orders execution: Market Execution
☎ Customer Support: 24/7
📚 Education Yes (FBS Academy)

What is FBS?

FBS is a forex and CFD broker based in Cyprus. It started in 2009 and offers many trading instruments, such as Forex, stocks, indices, energies, and metals. FBS has won over 90 international awards and has 23,000,000 traders and 410,000 partners in over 150 countries. This gives FBS a strong global reputation.


FBS has low fees for stock and stock index CFDs, and it doesn’t charge for withdrawals or inactivity. However, its forex spread fees are average. We compared FBS’s fees to two similar brokers, Admirals (Admiral Markets) and XM. These brokers were chosen based on factors like products offered, client profile, and fee structure.

Check out a more detailed.

Instrument Live Spread AM Live Spread PM
EURUSD 0.9 pips 0.9 pips
GBPJPY 1.9 pips 2.4 pips
Gold (XAUUSD) 29 pips 29 pips
Crude Oil 0.03 pips 0.03 pips
Apple NA 0.08 points
Tesla NA 0.13 points
Dow Jones 30 5.92 basis points 5.92 basis points
Germany 40 Not Available Not Available
Bitcoin Not Available Not Available

All fees are included in the spread, so there is no separate commission. For example, the EUR/USD spread is 0.9.

This FX fee classification is based on a trade scenario calculation that includes spread, commission, and overnight fees. FBS has average spreads, but its FX overnight fees are low.

All index CFD fees are included in the spread. The spread for S&P 500 index CFDs is 1.5. All stock CFD fees are included in the spread. The spread for Apple stock CFDs is 0.3.

There are no fees for deposits, withdrawals, or accounts. FBS also doesn’t charge an inactivity fee, which is a big plus and sets it apart from its closest competitors.

Pros and Cons

Pros Cons
Protection against negative balances No cryptocurrency options
Wide range of trading instruments No auto-copying feature
24/7 customer support No PAMM accounts
Not good for short-term trading like scalping
Customer support only available in a few languages
Only two types of real accounts

Regulations and Safety

FBS follows the rules set by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of Belize (FSC). This means FBS operates its financial activities according to these regulations. This ensures that the rights and obligations of clients and the company are clearly defined, guaranteeing the safety of traders’ funds.

Deposit and Withdrawal

FBS does not charge deposit fees. Bank transfers can take several business days, but payments with a credit/debit card are instant. You can only deposit money from accounts in your name.

FBS provides many deposit options, including electronic wallets like Skrill, Neteller, and Rapid.

FBS offers excellent deposit and withdrawal services with many free options to move your money. However, we wish there were more account currencies available.

At FBS, you can choose from two base currencies: EUR and USD. Australian clients can also select AUD. This selection is smaller than what some competing brokers offer. For example, Admirals (Admiral Markets) and XM provide more base currency options.

There are two main reasons for this. If you fund your trading account with the same currency as your bank account, or trade assets in the same currency as your trading account base currency, you avoid conversion fees.

A good way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These banks usually offer accounts in several currencies with excellent exchange rates and free or cheap international transfers. You can open an account in just a few minutes on your phone.

FBS does not charge fees for withdrawing funds either. Similar to deposits, you can use bank transfers, credit/debit cards, and electronic wallets to withdraw money from your account.

Account Types

FBS has a Standard account option. It’s easy to start because it doesn’t need a lot of money. This type of account is good for both new and experienced traders. FBS also offers demo accounts and Islamic accounts for trading without swaps. When choosing your account, think about what you want to achieve in the market. Consider things like the minimum deposit, fees, how trades are made, and other important factors. Your account should match your goals and needs.

Trading Platform

FBS has different trading platforms that traders can use. They have MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are very popular. These platforms have tools to help with trading charts, are easy to use, and support automated trading. They work well for many types of traders.

FBS also has mobile apps for MT4 and MT5 that work on Android and iOS devices. These apps let traders trade, look at charts, and use technical analysis tools on their phones or tablets.

Traders can use MT4 and MT5 on their web browsers without needing to install extra software.

FBS has versions of their platforms for both Windows and Mac computers, so traders can trade on their desktop computers.


The FBS website offers great educational materials about trading, especially for Forex. They have a training section with guides, tips, and videos that help people trade better. They also hold webinars. The section is split into different levels: beginners, basic, intermediate, and advanced.

Customer Support

FBS’s customer support team is here to help traders 24/7. You can reach out to them in many ways. They speak different languages like English, French, German, Italian, and Portuguese. If you have common questions, you might find the answers in the FAQ section on the website. However, to chat with them online, you’ll need to provide your email, which we see as a downside.


Topforx recommends FBS because most reviews show that the broker’s clients are very happy with the company. FBS offers low fees for trading stocks and stock indexes, and there are no extra fees for not using your account. It’s easy and quick to open an account, and putting money in or taking it out is free and easy to do. The learning materials they provide are really good. They only support a few different currencies for accounts, and clients outside the EU don’t have protection. Overall, FBS is a great choice for both new and experienced traders.


Where is FBS located?

FBS is based in Limassol, Cyprus. It also has offices in Australia, South Africa, and Belize.

Is FBS safe?

Yes, FBS is safe. It holds two Tier-1 licenses (CySEC and ASIC) and follows important safety measures like keeping funds separate and protecting against negative balances.

What is the minimum deposit for FBS?

The minimum deposit for FBS is EUR 10.

FBS Broker Licenses

  • Tradestone Limited -authorized by CySEC (Cyprus) registration no. 353534
  • Intelligent Financial Markets Pty Ltd – regulated by the ASIC (Australia) license number AFSL  426359
  • FBS Markets Inc. – authorized by FSC (Belize) registration no. 000102/460
  • TRADE STONE SA (PTY) LTD – authorized by FSCA (South Africa) license no. 0885