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FBS Broker Review
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Our Overall Rating
- Secure broker regulation by CySEC and the IFSC
- Low deposits for account opening
- Comprehensive research tools and education options
- Spreads are higher than average
- High amount of negative reviews regarding money withdrawal
- Lacks regulatory status in major jurisdictions
FBS is a global online Forex broker founded in 2009 that has more than 13 million active clients in 190 countries. FBS is a MetaTrader-only broker that is headquartered in Belize and licensed by the country’s International Financial Services Commission (IFSC). The broker has a European subsidiary (fbs.eu), which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and serves the European markets.
The broker offers negative balance protection for clients who sustain losses greater than their account balance. FBS offers multiple account types for all types of traders, with minimum deposits as low as $1.
Commissions & Fees
FBS has very reasonable spreads, with the EUR/USD currency pair having an average spread of 0.9. FBS offers different spreads depending on the account type, with the zero account having a fixed spread of 0. However, the firm charges a $20 commission on each side of the trade. The standard account offers variable spreads as low as 0.5 pips without any commissions, while the cent account has similar spreads starting at 1 pip and fixed spreads starting at 3 pips. FBS offers one of the highest leverage levels in the market, with a maximum leverage of 3000:1.
Platforms & Tools
FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms to its traders.
The broker offers five types of accounts: a cent account, a micro account, a standard account, a zero spread account, and an ECN account.
FBS is a non-dealing desk broker that offers STP (straight through processing) and ECN (electronic communications network) for client orders. The broker recently launched a new proprietary trading platform known as FBS Trader.
FBS offers 35 Forex pairs, four metals, and three CFDs and stocks. The firm permits the use of Expert Advisors and guarantees no re-quotes on orders.
This broker offers customer support via a chat icon available on the website, while clients can request a call-back via a link at the top of its website. The company offers prompt support via social media platforms such as Facebook, Facebook Messenger, Telegram, Twitter, Instagram, and YouTube.
Customer service is offered in English, Spanish, Portuguese, Russian, Arabic, Lithuanian, Bengali, Chinese, Bahasa Indonesia, Korean, Bahasa Malaysia, Thai, Urdu, Japanese, Vietnamese, Tamil, Lao, and Burmese.
Response via the channels listed above is quite fast.
Ease of Use
FSB prohibited countries:
Brazil | Canada | Iran | Israel | Japan | Malaysia | Myanmar | United Kingdom | United States
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76.2% of retail 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.
FBS is a reputable broker that offers more than 50 tradeable instruments to millions of clients globally yet has fast and responsive customer service. The broker offers the MT4 and MT5 platforms and has recently introduced a proprietary platform known as FBS Trader. The firm has five account types that suit all types of traders, starting with the cent account and culminating in the ECN account. The firm offers customer service in 15 languages and serves more than 13 million clients in 190 countries.
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