FBS review
Introduction of the broker FBS
FBS is a brokerage company established in 2009 and headquartered in Belize. The company is regulated by the International Financial Services Commission (IFSC) and, for European clients at FBS.eu, by the CYSEC regulator. The broker offers trade execution through ECN and STP models. The spread starts from as low as 2 pips, and the maximum leverage is up to 1:30.
The minimum deposit is only 1 dollar, making FBS accessible to a wide range of smaller traders. Supported deposit and withdrawal methods include bank transfer, Skrill, Neteller, WebMoney, PerfectMoney, OKPay, DIXIPAY, and EGOPAY. The broker allows trading in exotic currencies, CFDs on gold, silver, oil, and major and minor currency pairs.
FBS Trading Platforms
Traders can utilize a wide range of platforms, including MetaTrader 4, MT4 Webtrader, MT4 for mobile, MT4 Multiterminal, and MetaTrader 5. Accounts can be maintained in EUR or USD.
Other features of FBS.com include a cent account, scalping and hedging allowed, support for automated trading systems (AOS), segregated bank accounts, free deposits and withdrawals, virtual private server (VPS), Islamic accounts, online support, and a proprietary client area. They also offer an unlimited demo account for free, which is ideal for practicing and testing trading strategies without the risk of losing real money.
FBS does not offer options for social trading. Social trading is becoming increasingly popular among traders as it allows copying trades of more experienced colleagues. The absence of this feature is limiting for clients who want to take advantage of social trading benefits.
Minimum Deposit and Withdrawals
The minimum deposit for a Cent account is only $10, making it an attractive option for beginner traders. The Standard account requires an initial deposit of only $100, allowing even experienced traders to start with relatively small amounts. For Crypto accounts, the minimum deposit is even just $1. FBS offers a wide range of withdrawal options and does not charge any fees for withdrawals or deposits. However, it is always good to check directly with your payment provider if any fees are charged, especially concerning the country of origin.
Withdrawing money is a simple process. Just log in to the account management and submit a withdrawal request. FBS typically processes withdrawals within 1-2 business days, but additional processing time by your payment provider should be taken into account.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.21%% 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.
| Basic information | |
|---|---|
| Regulations |
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| Number of CFD asset classes | 5 |
| Broker type | ECN, STP |
| Customer support |
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| Deposit from | 1 EUR/USD |
| Spreads | 2 EUR/USD *The value is indicative from the broker's website. The spread amount is variable. |
| Real Stocks and ETFs | |
| Platforms |
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| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Indicies |
| Established | 2009 |
| Location | Arch. Makariou 111 & Vyronos Р. LORDOS CENTER, BLOCK В, 2nd floor, Office 203 3105, Limassol, Cyprus |
| Country | Cyprus |
| Last update: | |
Pros
- Regulation: FBS is regulated by several major regulators, such as CySEC (Cyprus), ASIC (Australia), FSC (Belize), and FSCA (South Africa), which increases credibility and safety for traders.
- Low spreads: FBS offers very low spreads for trading currency pairs.
- Various platforms: FBS offers popular trading platforms MetaTrader 4 and MetaTrader 5, as well as its own FBS Trader platform.
- Low minimum deposit: It is only 5 USD / EUR / GBP.
Cons
- Limited trading tools: FBS mainly focuses on Forex and CFDs.
- Trading conditions vary by entity: Trading conditions and protective measures may vary depending on which FBS entity you choose (e.g., European vs. international).
- Regulation in offshore zones: Some FBS entities are regulated in Belize.
- Customer support issues: Some reviews from traders indicate problems with customer support and withdrawals, which can be an issue for some users.
Licences and regulation
- TRADE STONE SA (PTY) LTD - FSCA (South Africa) license no. 0885
- FBS Markets Inc. - FSC (Belize) registration no. 000102/460
- Intelligent Financial Markets Pty Ltd - ASIC (Australia) license number AFSL 426359
- Tradestone Limited - CySEC (Cyprus) registration no. 353534
