FBS

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FBS 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

Forex traders who want to trade with a cent account

Trust Level: Very High

  • Regulated by: CySEC (Cyprus), ASIC (Australia), FSC (Belize), FSCA (South Africa)
  • Founded in 2009

Popularity

784 people chose this broker in the last 6 months

Introduction To FBS

If you’ve been around the forex industry for a while I’m sure you’ve heard of FBS. They are another veteran broker who’s been in business since 2009. They hold quite a few licenses including; CySEC (Cyprus), ASIC (Australia), FSC (Belize), FSCA (South Africa). While they are headquartered in Belize they also have offices in: China, Egypt, Indonesia, Korea, South, Malaysia, Thailand.

FBS offers forex, CFDs, metals, and stocks. However where FBS really stands out is their cent account offering. A cent account allows traders to trade using a smaller deposit amount – which is great for people just starting their trading journey or traders who wish to test a new strategy. Additionally FBS offers a 100% deposit bonus to allow traders to effectively double their deposit.

FBS boasts over 23 million clients in over 150 countries. They are one of the most successful brokers in the industry, and are a great option for most traders.

$1.07

Minimum Deposit

$0.00

FX Commission
(per lot)

Yes

Free Demo Account

No

Inactivity fee

Pros

Veteran broker

Cent account

Deposit bonus

Cons

Limited trading platforms

Larger spread compared to other brokers

Video Review

Coming soon!

FBS Quick Facts

Country Headquarters

Belize

Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency

USD, EUR

Minimum Deposit

$1.07

Withdrawal Fee

None

Account Verification Time

1 day

Deposit Options

Wire Transfer, Card, Moneybookers, WebMoney, Neteller, Skill and more

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 / 5 and FBS Trader

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 4.7 / 5

Easy to use account opening process – fully online and digital. Verification documents are required.

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Commissions & Fees 4.3 / 5

FBS commissions are built into the spread. While some traders might not like this sort of style, we would still consider FBS to have reasonable fees. Additionally there are no fees for deposit or withdrawal of funds.

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Deposit and withdrawal 4.8 / 5

FBS has a great selection of deposit options:

  • Bank transfer
  • Card
  • Moneybookers
  • WebMoney
  • Neteller
  • Perfect Money
  • CashU
  • UnionPay
  • Okpay
  • Local deposits

It would be nice to see FBS add support for crypto!

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Trading Platforms 4.3 / 5

FBS only offers MetaTrader 4 + 5, and their own platform called FBS Trader. We would love to see them expand to offer other platforms like cTrader.

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Customer Support 4.0 / 5

FBS offers 24/7 support in a wide variety of languages: English, Spanish, French, German, Portuguese, Japanese, Italian, Chinese, Bangla, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Tamil, Urdu, Malay, Hindi, Pakistani English, Tagalog.

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Other 3.9 / 5

Some other cool features that ICMarkets offers:

  • Free demo accounts (no live account required)
  • Deposit Bonuses
  • Trading Contests
  • Free VPS available
  • Cent account
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About ForexBrokerTalk

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4.7 / 5

ForexBrokerTalk Final Score

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