FBS Review: Reliable Forex Broker or Scam?

Founded in 2009 in Belize, FBS is a broker specializing in forex and CFDs. Known for the quality of its services, it keeps improving what it offers traders. The broker is regulated by a number of authorities and supervisory bodies worldwide. To find out more, let’s look at reviews of FBS’s reliability in our FBS Forex review guide.

FBS Review: What Customers Say

Despite a few negative FBS reviews we found on Trustpilot, the broker gets a fairly favorable rating.

To dig deeper, also read our guides “RoboForex Review” and “XTB vs IG“.

FBS: Key Information and Figures

Who Is FBS?

An online broker for more than 10 years now, FBS specializes in forex and CFDs. It lets its traders trade different types of markets, such as currencies, commodities, stocks and indices. Available in 18 languages, the FBS website is very accessible and operates in more than 190 countries worldwide. The FBS reviews given by traders from all backgrounds make it a recognized broker.

To protect your investments, FBS is regulated by a number of bodies and authorities around the world. Since it was founded, FBS has built up its image and its services. Many people now use the broker, which claims to have more than 13 million clients worldwide. The improvements made to the platform in recent years demonstrate its professionalism and experience.

ECN Broker or Market Maker?

FBS is a broker using the STP/ECN, or no dealing desk, model. This means the broker is connected to an electronic trading system where buy and sell offers compete with each other. With ECN technology, the broker does not intervene in the execution of trading orders. Instead, trades are executed automatically, electronically and more quickly, so traders can get a better trading price without any human intervention.

As an ECN broker, FBS earns money from trading volume through a commission on each trade or a markup on the spread. To earn as much money as possible for as long as possible, it needs to make sure its clients make money first. That is why ECN brokers such as FBS are considered more reliable by traders.

Can You Trust FBS?

A broker’s reliability is an important factor that weighs heavily on traders’ choices. Before entrusting their money to a broker, traders want to know whether it really is a trustworthy platform. As a broker regulated in Europe and Belize, FBS offers all the important security measures for its traders and their investments.

FBS is also regulated by a number of trustworthy supervisory bodies and third parties. Among its main strengths, FBS holds a license in Cyprus, one of the best-known jurisdictions for forex brokers. Its presence around the world attests to its success and reliability. FBS has also won a number of awards as a financial markets broker.

FBS Regulation

A broker regulated in Europe, FBS is regulated by two major financial watchdogs, as well as other authorities worldwide:

• IFSC – Belize: FBS’s international subsidiary is regulated by the International Financial Services Commission (IFSC) of Belize.
• CySEC – Cyprus: Its European subsidiary is regulated by CySEC. This regulation allows the broker to operate in the EU and the EEA.

Is FBS an AMF-Authorized Broker?

Even though FBS is regulated in Europe through CySEC, it is not an AMF broker. Most of FBS’s offices are located around the world, for example in China, the Middle East and Africa, but it has no head office in France. However, this does not affect the broker’s reliability. FBS can claim to be among the best brokers in terms of quality of service, safety of traders’ funds and risk management.

Is There an FBS France?

Not regulated by the AMF, FBS has no company in France. Despite its CySEC registration, which allows it to operate in Europe, FBS has no branch in France. However, its CySEC regulation also allows it to operate in France, so FBS is accessible to French traders.

How Are Client Funds Protected?

First of all, to guarantee the safety of its clients’ funds, FBS uses segregated accounts. FBS client accounts are kept separate from the broker’s own funds and are held with partner banks. The broker therefore does not use its traders’ money for its own investments. This is the best protection offered to clients against any financial losses suffered by the broker.

FBS is also registered with the Investor Compensation Fund (ICF), a deposit insurance fund that protects clients if the broker becomes insolvent. FBS’s European clients are covered by this fund up to €20,000. In addition to this security measure, FBS also uses the SSL (Secure Sockets Layer) protocol to secure transactions made on the platform. These various forms of protection explain the positive FBS reviews regarding the safety of clients’ investments.

Broker Ratings

Best Broker	Customer Reviews	Customer Satisfaction
	★★★★☆ 4/5	96%	Read Reviews
	★★★★★ 5/5	98%	Read Reviews
	★★★★☆ 4.5/5	96%	Read Reviews
	★★★★☆ 4.5/5	96%	Read Reviews
	★★★★☆ 4.5/5	95%	Read Reviews
	★★★★☆ 4/5	92%	Read Reviews
	★★★★☆ 4/5	91%	Read Reviews

Awards Won by FBS

Since it was founded, FBS has won numerous awards as an international broker. These include:

• 2010-2011: Best Mini Forex Broker
• 2011: Best Asian Forex Broker
• 2012: Fastest-Growing Asian Broker
• 2014: Best MetaTrader 4 Platform

In addition to these awards, clients’ knowledge and the FBS reviews they give attest to the broker’s reliability and achievements.

Which FBS Account Type Do We Recommend?

Unlike some brokers on the market, FBS offers its clients a wide variety of accounts. The broker has set up different account types for each type of trader so that everyone can find what suits them. If you want to start trading with FBS, you can choose the account with a minimum deposit of 1 USD, which gives you a 123 USD bonus.

For professionals, the broker offers the 500 USD account. This type of account allows professional traders to grow their investments. Traders get a welcome bonus that makes trading easier, with very attractive spreads. For beginner traders, FBS, like most brokers, offers a demo account that lets clients try trading with virtual money.

In all, FBS offers around 6 accounts.

Cent Account

This first account type is offered to traders who want to try FBS’s services without taking on too much risk. The minimum initial deposit is €10 for European clients and €1 for international traders. This account offers a variable spread from 1 pip and leverage of up to 1:1000.

Micro Account

With a minimum deposit of €5, and unlike the Cent account, this account offers fixed, wide spreads. The minimum spread on a Micro account is 3 pips. Leverage on this account can reach 1:3000.

Standard Account

This account requires a minimum deposit of €100 and offers maximum leverage of 1:3000. However, leverage is capped at 1:30 for European traders under ESMA regulations. The minimum spread for this account is set at 1 pip for European clients and 0.5 pips for international clients. It is particularly suited to professional traders.

Zero Spread Account

This account is ideal for traders who want to trade fairly large volumes. There is no spread, only a commission of 20 dollars per lot depending on the positions left open. On a Zero Spread account, leverage can reach 1:3000.

ECN Account

This FBS account gives clients direct access to the forex market. It offers a variable spread from 1 pip, which remains fairly high compared with other brokers on the market. In addition, with an ECN account, FBS charges a commission of 6 dollars per position. Leverage is capped at 1:500.

Demo Account

FBS offers its clients a demo mode for each account type. Traders can therefore try out the trading conditions of each account and get an idea of the commissions and spreads FBS offers, so they can choose the account type that suits them best. Traders can have as many demo and live accounts as they want.

Live Account

After trying FBS with a demo account, you can sign up for a live account. To do so, you will need to provide proof of identity and proof of address. This is an important, mandatory step before you can trade with a reliable, regulated broker and open an FBS account.

FBS Customer Service Review

• FBS is one of the brokers offering very good customer service. Customer support is available 24/7, which is an advantage since some brokers do not handle client requests at weekends. The service is also available in 18 languages, including Chinese, Arabic, Malay, Thai, Korean, Russian, French, Italian, Portuguese and Lao.
• Dedicated support is available for traders in China, Indonesia, Korea, Malaysia, Myanmar and Thailand. Customer support can be contacted by phone, email or live chat, and traders can also ask for a callback from an agent if needed.
• FBS is also very active on social media, so you can contact them on Facebook, Messenger, Telegram or Twitter. This social media presence is one of FBS’s biggest strengths. On average, you can get a reply within 30 seconds.

All in all, the broker offers fairly exceptional customer service compared with the competition.

FBS Fees

Compared with other brokers, FBS’s trading fees are not very competitive. The spread varies depending on the account and the financial instrument, with FBS’s minimum at around 1 pip. The broker also charges other fees, such as commissions.

Spreads

Apart from the ECN and Zero Spread accounts, FBS spreads are fairly wide compared with the most competitive brokers on the market. The spread varies depending on the FBS account type and the trading instrument concerned.

Forex spreads

Standard Account

ECN Account

Micro Account

Precious Metals Spreads

Standard Account

Micro Account

CFD Spreads

Commissions

The commissions that apply also depend on the account type chosen by the trader. Only the ECN and Zero Spread accounts are subject to commissions. For the Zero Spread account, the commission starts from $20. The commission for the ECN account is only $6 per lot.

Swaps

A swap is the amount paid or received when a trader holds a position overnight. It is in fact based on the central bank interest rate of the country whose currency you are trading, so the swap is either negative or positive.

However, not all traders can accept receiving or paying such fees. FBS therefore offers them a swap-free option, which lets traders have an account where they neither pay nor receive swaps. This type of account is most often suited to Muslim traders, as they are not allowed to pay or receive interest.

Account Management Fees

Despite the commissions and wide spreads on some FBS accounts, the broker does not charge any deposit or withdrawal fees.

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Other Fees

Apart from the commissions on the ECN and Zero Spread accounts, FBS does not charge traders any additional fees.

Leverage Offered by FBS

For some investors, FBS’s leverage is among the highest on the financial markets. It can reach 1:3000, allowing traders to trade very large amounts.

However, the higher the leverage, the greater the risk for the client. Using too much leverage exposes traders to significant capital losses. To protect European traders, leverage on FBS is therefore capped at 1:30. That is why FBS reviews are favorable, as clients benefit from a degree of protection.

Financial Instruments Offered by FBS

FBS stands out for the variety of financial instruments that can be traded on its platform. Traders can find all the trading instruments, from forex to commodities. Here is the list of financial instruments offered on FBS:

• Currencies: more than 35 currency pairs, such as AUDCAD, AUDCHF, AUDJPY, AUDUSD, EURAUD, EURCAD and EURCHF;

• Precious metals: gold, silver, platinum and palladium;

• CFDs: oil, DAX30, NASDAQ, S&P500, Dow Jones;

• Stocks: several stocks are also available on FBS, with the most traded offered as CFDs;

• Exotic forex: several less common currency pairs can also be traded on FBS, such as CNHJPY, EURCNH, EURTRY, USDBRL and USDCNH.

Trading Platforms Available on FBS

In addition to these financial instruments, FBS offers several trading platforms to suit each trader’s situation: the two most popular platforms, MetaTrader 4 and MetaTrader 5, its own platform and a copy trading platform.

FBS Trader

Developed by FBS, FBS Trader offers all the features available on the most widely used trading apps, with faster, smoother order execution. Available on all devices, whether Android or iOS, FBS Trader lets traders make withdrawals and deposits. Very easy to use, it gives access to all market instruments, and customer service is available from the platform 24/7.

MetaTrader 4

This is the most popular platform on the market for trading forex. MT4 is available on Mac and Windows, as well as mobile apps for Android and iOS. MetaTrader 4 is a complete, advanced platform offering a tailored trading experience, with all the most widely used tools and indicators to make analysis easier. It is a powerful platform that lets traders easily automate their trading strategies, and the FBS MT4 download is very easy to access.

MetaTrader 5

MT5 is also available to FBS clients. It is MT4’s successor, but it specializes mainly in CFD trading. It is both user-friendly and customizable: traders can minimize and resize windows as they wish. However, the platform still lives in the shadow of its predecessor, as some MT4 tools and indicators are not available on MT5.

WebTraders

MetaTrader 4 and MetaTrader 5 are available as web versions. The advantage is that they can be accessed directly online with no download required. However, web platforms lack automated trading features, which affects the speed of order execution.

FBS CopyTrade

FBS also has a copy trading platform that lets investors follow the biggest players in the market and analyze their strategies. Thanks to a ranking of the best traders drawn up by the broker, it is easier to choose the trader profile that suits you best. You can then follow that trader and adopt the same trading strategies. FBS CopyTrade is available for Android and iOS, so you can trade any time, anywhere. Reviews of FBS CopyTrade make the broker a very attractive partner for traders.

FBS Trading Platforms Compared

Slippage and Order Execution on FBS

Slippage is the difference in an asset’s price between the moment a trade order is placed and the moment it is actually executed. The power of FBS’s platforms gives traders fairly fast, smooth order execution with limited slippage. The broker guarantees its clients high execution speed: FBS states that 94% of orders are executed in 0.4 seconds.

This is a significant advantage over the competition. Even though FBS reviews on the speed of withdrawals and deposits are not always favorable, the speed of trade execution is fairly satisfactory.

FBS Analysis Tools

FBS offers widely used analysis tools and technical indicators to help traders. These tools make decision-making easier and improve the trading experience on the platform.

• Economic calendar: FBS offers its traders a dynamic economic calendar so they can keep track of all the most important events and take a macroeconomic approach to the market. An economic news section is also available on the website to keep traders up to date with news on currency pairs and political and economic events affecting the market.

• Forex calculators: To help traders make the best trading decisions, FBS offers a calculator that shows the key parameters that can affect their gains and losses. Simply enter the parameters, such as account type, trading instrument, leverage, number of lots you want to trade and price, and you will get all the information you need to prepare your trading strategies.

• Currency converter: To keep clients informed about forex exchange rates, FBS offers a free online currency converter. This tool lets you convert one currency into another and check its value. Simple and easy to use, FBS’s currency converter is updated in real time based on the latest MetaTrader 5 data.

• Videos: For traders who like video analysis, FBS also provides technical and fundamental market analysis videos on its YouTube channel. However, these videos are only available in English, and some traders leave negative FBS reviews about the lack of other languages.

FBS Training

Like most well-known brokers, FBS offers a training section for new traders. It is mainly a video course on the basics of forex and CFD trading, made up of 20 videos in English, which can be transcribed into French.

To keep traders informed, FBS also holds regular webinars on technical market analysis. Just visit the broker’s official website https://frfbs.com to follow the next scheduled webinar.

Reviews of FBS’s training remain fairly negative. Although the broker covers the key basics of forex and CFD trading, the training is not complete enough to help beginners progress and master trading.

How to Become an FBS Affiliate in 2025

Like many brokers, FBS offers its clients an affiliate program. This partnership offer lets traders enjoy various benefits, such as commissions on lots traded or profits with no risk or investment. The affiliate program lets traders grow their business while prospering financially. The broker also provides its affiliates with quality customer support, an attentive personal manager and a wide choice of free promotional materials.

To enjoy all these affiliate benefits, simply use your affiliate link to register a client. Then, when that client starts trading, you receive a commission that you can withdraw daily based on your earnings.

How to Contact FBS

There are several ways to contact FBS:

• By phone: phone support is available 24/7

• Via live chat: for all your support needs, you can chat directly via live chat on the FBS website;

• By requesting a callback: a callback option is also available on the website. Simply send a support request and an adviser will contact you to help.

• Via social media: FBS is very active on social media. Whether on Facebook, Twitter, Instagram or Telegram, you can get in touch with the broker and get a reply very quickly.

FBS Compared with Other Brokers

To better understand what the broker really offers, it is very important to compare it with other well-known brokers on the financial markets.

FBS vs XM

Our comparison of FBS and XM showed that the two brokers have a lot in common. They were both founded in 2009 and offer roughly the same financial instruments. XM and FBS are also both regulated by CySEC, and both offer their clients the same account types: demo, Islamic, zero spread and micro accounts. As a result, FBS and XM reviews are often similar, whether on forums or in online comparisons.

FBS vs FCS

A broker authorized and regulated by the FCA, FCS is a company registered in London, England. Founded in 2016 and therefore still very young, it lacks experience compared with FBS, which has more than 10 years in the business. So although FCS offers trading across several asset classes, FBS has the edge with a wide selection of financial instruments and broader access to the financial markets. If you want a more enjoyable trading experience, it is better to turn to a more reliable broker such as FBS.

FBS vs XTB

Based in Belize, FBS is a broker with many clients in Asia and Europe. It stands out from other brokers by offering several account types, with fixed and variable spreads. On FBS, a 123 USD bonus is offered to new traders who sign up on the platform. XTB, for its part, is a well-known European broker offering CFD and forex trading. It has its own trading platform and also offers MetaTrader 4.

Negative Opinions About FBS

Although FBS can boast of offering many account types, some traders have left negative reviews. Their bad experiences involve non-payment, excessive withdrawal delays or unavailable customer service. In addition, some beginner traders struggle with the training section: since it only covers the basics of trading, it does not help new clients much.

Pros

• FBS is a regulated and authorized broker;
• The broker offers fast, accurate order execution;
• FBS guarantees the safety of its clients’ funds with segregated accounts and a deposit insurance fund in case of insolvency;
• Transactions on the platform are fully secure;
• It offers customer service available 24/7 for all its clients’ needs;
• No management, withdrawal or deposit fees apply to an FBS account;
• The broker offers well-developed, advanced platforms that make trading with FBS easier;
• The broker’s presence on social media is one of the positives behind fairly favorable FBS reviews.
• FBS offers several account types to suit its clients’ needs, as well as a wide range of payment methods. Traders really appreciate these strengths, and FBS reviews are very positive on these points.

Cons

Although FBS is an online broker that keeps improving its services to satisfy its clients, it has a number of drawbacks that need to be addressed. Some reviews of the broker suggest it still needs to make changes to its services.

• FBS’s trading costs are not competitive enough compared with the competition;
• FBS’s training section remains fairly incomplete, especially for beginner traders;
• FBS reviews on transaction speed are fairly negative, as withdrawals can take several days and are therefore rather slow;

Is FBS the Best Broker for November?

Based on FBS FX reviews, the broker still has some way to go before it can take its place among the best brokers on the market. Although it stands out from the competition with the various account types it offers, it remains unattractive when it comes to spreads and trading fees. Still, FBS can boast of offering the most widely used platforms on the market, MetaTrader 4 and MetaTrader 5, as well as its own dedicated platform.

If you want to work with an experienced, professional and reliable broker, Vantage, FXPRIMUS and XM are better choices.

Have you used FBS and want to share your experience? Leave us a comment!