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FBS review
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10 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Variable leverage options up to 3000:1 for most account types allow traders to maximize their trading potential.
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Low minimum deposit requirement, with some account types requiring just $1 to start trading.
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Multiple funding options with no deposit fees or commissions charged by FBS.
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A wide range of trading accounts is available to suit different traders’ needs.
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24/7 multilingual customer support is available via phone, email, and live chat.
Cons
Limited regulatory oversight, with the Belizean regulatory body only providing basic regulatory oversight.
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Withdrawal times can be slow for certain payment methods, with bank wire transfers taking up to 5-7 business days to process.
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FBS Pro account requires a minimum deposit of $1000, which may be too high for some traders.
General details
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Type of Trading Accounts on FBS Forex
FBS trading Broker offers a variety of account types that cater to traders of all levels, whether you’re a beginner or an expert:
- Standard Account: This is the ideal choice for traders of all levels seeking optimal conditions. You can trade on the MT4, MT5, or FBS Trader platform and choose from 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, and 5 crypto pairs. You’ll have access to leverage up to 1:3000, a floating spread from 0.5 pips, and a minimum deposit of just $1.
- Cent Account: This is a low-risk account for trading small amounts and testing strategies, then the Cent account is for you. You can trade on the MT4 or MT5 platform and choose from the same instruments as the Standard account. You can enjoy up to 1:1000 leverage, a floating spread from 1 pip, and a minimum deposit of just $1.
- Pro Account: For those who want the ultimate Account for large orders and trading, the Pro account is the way to go. With this account type, you can trade on the MT4 or MT5 platform and choose from the same instruments on the Standard account. You’ll have access to up to 1:2000 leverage, a floating spread from 0.3 pips, and a minimum deposit of $1000.
- ECN Account: If you’re a professional trader looking for the best conditions for large orders, the ECN account is perfect. You can trade on the MT4 platform and choose from 28 Forex pairs. You’ll have access to up to 1:500 leverage, a floating spread from -1 pip, and a minimum deposit of just $1.
- Crypto Account: The Crypto account is a great option for those who want to trade on volatile digital currencies 24/7. You can trade on the MT5 or FBS Trader platform and choose from 30 coins, 48 coin-fiat pairs, 25 coin-coin pairs, and 10 coin-metal pairs. You’ll have access to up to 1:5 leverage, a fixed spread from 3 pips, and a minimum deposit of just $1.
- Zero spread Account: This account type is perfect for easier order calculations for precise predictions. You’ll have access to up to 1:3000 leverage, a fixed 0 pip spread, and a minimum deposit of just $1. You can trade on the MT4 platform and choose from 31 Forex pairs and 2 metals.
- Micro Account: If you’re a cautious trader looking for stable market conditions, then the Micro Account is the right choice. You can trade on the MT4 platform and choose from 31 Forex pairs and 2 metals. You’ll have access to up to 1:5 leverage, a fixed spread from 3 pips, and a minimum deposit of just $1.
Tradable instruments on FBS trading platforms include:
- Metals
- Energies
Find the right answer to your question below.
FBS Forex is a legitimate online broker regulated by reputable financial authorities such as the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies ensure that FBS Forex operates with transparency, fairness, and professionalism and complies with strict regulations that protect traders’ funds and privacy. Additionally, FBS Forex has been operating in the forex industry for over a decade and has won numerous awards for its trading services. There is no evidence to suggest that FBS Forex is a scam or fraudulent company.
To open an FBS trading account, follow these steps:
- Go to the FBS website and click on the « Open Account » button;
- Fill in the registration form with your personal information, such as name, email address, phone number, and country of residence;
- Choose the account type that suits your trading needs and financial goals;
- Verify your identity by submitting the required documents, such as a government-issued ID and proof of address;
- Make a deposit using any of the available payment methods;
- Install the trading platform of your choice, such as MetaTrader 4 or MetaTrader 5, or the FBS Trader;
- Start trading and enjoy access to various trading tools and educational resources FBS offers.
FBS is a great broker that offers a variety of account types to cater to the different needs and preferences of its clients. From Cent accounts to ECN accounts, traders can choose the account that suits their trading style and budget. FBS is a great choice for traders who are looking for a broker that offers a range of account types, competitive spreads, ease of use, and a reliable trading platform.
To see the full broker review click « See review », to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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3.9/ 5
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4.1/ 5
- N/A
- N/A
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3.7/ 5
- N/A
- N/A
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3.9/ 5
- N/A
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Yes
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See review
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4.9/ 5
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5/ 5
- 10$
- N/A
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4.8/ 5
- 1.5%
- N/A
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4.9/ 5
- N/A
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Yes
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See review
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Specialized trading accounts
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Free VPS hosting
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24/7 instant money withdrawal
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4.5/ 5
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4.6/ 5
- N/A
- N/A
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4.3/ 5
- N/A
- N/A
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4.7/ 5
- N/A
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No
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See review
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4.9/ 5
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4.9/ 5
- $10
- 1:2000
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4.8/ 5
- $0
- $0
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4.6/ 5
- N/A
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No
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See review
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4.1/ 5
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4.2/ 5
- N/A
- N/A
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3.9/ 5
- N/A
- N/A
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3.9/ 5
- N/A
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Yes
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See review
