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FBS Broker review and test – Is it a scam or not?

4.5 out of 5 stars (4.5 / 5)
Starting – 1.0 Pips
250+ (forex, commodities, stocks, indices)
FSB logo

If you are looking for experiences with online broker FBS Markets Inc.? – Then you are exactly right on this page. As traders with more than nine years of experience in the financial markets, we have examined the provider and share in the following texts and summaries of my experience and the results of the test report. Is it really worth investing your money in FBS? – Find it out in our trusted broker review about FBS.

fbs broker official website

(Risk warning: Your capital can be at risk)

What is FBS? – The broker presented

FBS Markets is an online trading broker for Contracts for Difference (CFDs), founded in 2009. Since 2009, the company has grown significantly and can boast over 16 million active merchants in 2021. The broker is internationally active and also possesses the necessary licenses through the IFSC (Belize) and CySEC (Europe).

International clients are accepted by this company. In addition, the FBS got international branches with customer support in more than 150 languages and countries. The biggest customer base is in Asia. FBS is very well-known through live events and charity for poor people. The broker is specialized in forex trading, which you can see on the broker’s homepage. FBS tries to give its clients the best conditions for trading currencies. With this broker, you can start trading with any amount of money because the minimum deposit is only $ 1.

In the following review, we will give you all facts about the broker you need to know.

Facts about the company:

4.5 / 5
🏛 Founded:
💻 Trading platforms:
FBS Trader, MetaTrader 4, MetaTrader 5
💰 Minimum deposit:
$1 for a cent account
💱 Account Currencies:
💸 Withdrawal limit:
📉 Minimum trade amount:
$1,000 trading volume / 0.01 lot
⌨️ Demo account:
🕌 Islamic account:
🎁 Bonus:
Yes, deposit bonuses and cashback bonuses are available
📊 Assets:
Forex, Metal, Indices, Energies, Stocks, Crypto
💳 Payment methods:
Credit- or Debit card, Neteller, Skrill, Cryptocurrencies
🧮 Fees:
From 0.5 pip spread
📞 Support:
24 / 7 support via life chat
🌎 Languages:
English only

(Risk warning: Your capital can be at risk)

What are the pros and cons of FBS?

Finding your perfect broker to meet all your needs can be difficult, but if deposit and withdrawal via cryptocurrencies are something you need, FBS is a solid option. Additionally, the broker also has one of the best bonus programs, contests, and events, in our opinion. To help you make an informed decision, here are our main advantages and disadvantages:

Pros of FBS Broker
Cons of FBS Broker
✔ A large number of account types to choose from
✘ On some occasions during our test, deposits showed up in the account delayed
✔ Deposit with various cryptocurrencies is possible
✘ Reviews on Trustpilot are only decent
✔ Low minimum deposit
✘ Support is available in English only
✔ Very generous bonus programs, contests, and events
✔ Competitive spreads, both fixed and floating
✔ Maximum leverage of 1:3000
✔ Specialized in Forex and CFD trading

Is FBS Broker user-friendly?

Let’s take a deep look at the user experience with FBS. To keep things short, especially their trading app is quite interesting for new traders, thanks to building-in features and an intuitive interface. You will find a review of other aspects in the table below.

General Website Design and Setup
★★★★ We like the straight-forward structure of the website, and they have helpful tools such as a currency converter, or a Forex guidebook for beginners
Sign-up Process
★★★★ Sign-up process for the demo account is quick and easy, but it isn’t possible to change the account currency after the set-up process, and only EUR and USD are available
Usability of trading area
★★★ Standard trading platforms are available
Usability of mobile app
★★★★★ Website is optimized for mobile users, and we like the build-in education in the app

Regulation and safety of customer funds

When it comes to trading with real money, the official regulation of a broker is very important. There are some scam brokers who act without real regulation to commit fraud on the customer’s money. To avoid these practices, always look after the regulation of the broker before you start investing real money.

FBS is regulated by the IFSC in Belize and the CySEC in Europe (Cyprus). The registration number of Belize regulation is 119717, and the license is IFSC/60/230/TS/18. The CySEC license is 331/17. This is an official regulation where the company’s headquarters is. You can check it yourself. The broker only gets this regulation by acting as a serious forex broker. In addition, FBS uses only regulated payment methods for the customer’s transactions. This is also a very important point. In conclusion, it seems to me that FBS is a reliable broker for online trading. It is a regulated company, so fraud cannot happen, in our opinion.


FSB broker awards
Broker awards of FBS

(Risk warning: Your capital can be at risk)

What are the conditions for trades at the FBS broker?

We looked closely at the conditions for traders. At first glance, the provider makes a very good impression on us because he offers many different account models. You can, therefore, adjust your account to the deposit capital and the trading style. The minimum deposit is only $ 1, and you have the chance to get a free bonus for your capital.

The spreads depend on the account type and start at -1.0 pips. An account with low spreads usually incurs one commission per lot traded. Overall, you are always cheaper with a commission account in the markets. Again, there is a plus for me. You can try the platform with a free demo account. There are three types of different platforms for the broker, which we will review later.

FBS Markets specializes in forex trading. This is also noticeable in the selection of tradable assets. There are many currency pairs available, but the choice of CFDs is also very high. As we recognized, the broker tries to increase his offer of tradeable markets. American Stocks are added to the portfolio in the past.

Currency pairs (forex)

As mentioned before, you can trade more than 50 different currency pairs with FBS. The spreads and trading fees are depending on the account type you choose. Moreover, there is an Islamic account option, and you will pay no swap fees if you use it. Trade all major, minor, and exotic currency pairs. The leverage can be up to 1:3000.


Metals are very popular and can be volatile too. Palladium, platinum, gold, and silver are offered to trade against the US-Dollar. The conditions are depending on your account type. But from our experience, FBS also offers cheap spreads here.


More than 20 different stock indices are available with FBS. The biggest stocks are implemented in one stock indices. It should show the economic strength of a country. For example, the S&P500 includes 500 of the strongest companies in the United States of America. These indices are very liquid, and sometimes they are highly volatile.


Energies (commodities) are offered to trade by CFDs (contract for difference). Brent Oil, Crude Oil, and Natural Gas are available to trade. The conditions are depending on the account type you choose.


Trader more than 100 American stocks with FBS. They are offered leverage by using Contracts for Differences. You can go long and short on stocks easily. The fees are a spread, commission, and swap if you hold the position overnight.

We will discuss the account types and the trading fees later in this review article.

Facts of the conditions:

  • Trade forex, stocks, metals, indices, and commodities
  • Different account types for any trading style
  • 3 different platforms for any device
  • Start with only a $ 1 deposit
  • Low spreads and commissions
  • Free demo account
  • Bonus program
fbs forex trading conditions
The best conditions for traders

High leverage and negative balance protection for FBS Traders

In the FBS platform, traders can choose different leverage for their accounts. It is possible to get huge leverage of a maximum of 1:3000. In our opinion, it is not useful to use such high leverage, but some strategies require it. Sometimes high leverage is very risky, especially if you trade the market news. Some traders fear a negative balance.

FBS offers negative balance protection for its clients. If you make a huge loss, you will get stopped out before your balance will be negative. In conclusion, you can trade very safely with FBS even with the high leverage of 1:3000.

(Risk warning: Your capital can be at risk)

Review of the FBS trading platforms

Which trading platforms are offered by FBS? – The broker offers the classic and popular trading platform Metatrader in version 4/5 and also a Web Trader. The MetaTrader software has been widely known among private traders for many years. It belongs, so to speak, to every successful dealer in the equipment.

With the MetaTrader, you can try out and adopt different strategies. The software offers almost unlimited options. It is available for smartphones, tablets, browsers, and desktops.

Even we have gained good experience with the MetaTrader. Almost every big broker offers this software. After a short introductory phase, it is easy to use. FBS helps its clients with video tutorials and coaching to understand how to trade successfully. In the following section, we will show you some facts about the platform.

FSB forex broker 4
The MetaTrader is available for any device

The following platforms are available: 

  • MetaTrader 4
  • MetaTrader 5
  • FBS mobile app

Professional charting and analysis

The MetaTrader offers a huge range of tools for professional analysis. Choose between different chart types and develop a successful strategy. You can use free indicators on the platform. It is very easy to configure them. In addition, it is possible to download external tools and integrate them into the software.

For technical analyses, there are drawing tools to analyze the chart. Furthermore, FBS offers everyday new analyses and trading ideas to its clients. Each tool is personally customizable for any strategy. Another big advantage of the software is automatic trading. It is possible to create an automatic system that is running 24/7.  The MetaTrader supports a VPS Server for a small amount of money per month. In conclusion, MetaTrader offers all that you need for successful trading.

Facts about the platforms:

  • Available for any device
  • Free indicators
  • A huge range of technical tools
  • Automatic trading possible
  • Customizable and user-friendly
  • Mobile trading

(Risk warning: Your capital can be at risk)

FBS Trader (mobile app)

More and more users are trading via mobile apps. It has become very popular in the years 2020 and 2021 with the rising movement of “WallstreetBets”. FBS invented its own mobile app, which is available for Android and iOS devices.

FBS mobile app
FBS mobile app

From our experience, the FBS Trader is better than the MetaTrader mobile app because it is more user-friendly. Get access to over 250 different markets with your mobile phone. You can set prices and news alerts so that you do not miss anything on the markets. With the FBS Trader, it is very easy to trade, but we recommend using the demo account first to practice it. In addition, you can make deposits and withdrawals directly in your mobile app.

(Risk warning: Your capital can be at risk)

How to open your trading account with FBS

To open an account with FBS is very easy and uncomplicated. The broker only needs some information about your identity to start trading. You can open your real trading account in less than 60 seconds. Start with your email address and a safety keyword.

FSB account opening
Opening your trading account with FBS

FBS is a regulated online broker and needs to verify each trading account. Without a complete verification of the trading account, you can not do withdrawals or even trade real money. KYC (Know Your Customer) is a standard process in the online broker world. That means you have to add the right personal information and upload the required documents. The broker will ask you for a personal and address verification document. The process can be finished in a few minutes. The experts of FBS are very fast in setting up your trading account.

Free and unlimited demo account

We recommend for beginners who want to try this broker open a demo account. This is an account with virtual money. You can trade without risk. It is like trading with real money. The demo account is the best way to practice and develop a strategy for beginners. Also, advanced traders can try new markets or methods with it. FBS offers a free and unlimited demo account.

(Risk warning: Your capital can be at risk)

Which account type should I choose with FBS?

FBS offers different account types for forex trading. Each account is for a special purpose. The broker tries to give a trader the best conditions for his capital. There is the opportunity to trade with 1$ or less risk in each trade with the cent account. If you deposit more than 1$ you can get better conditions and lower spreads. In the following section, we will explain the different account models of FBS.

This table will present you with the different facts about the account types: 

MINIMUM DEPOSIT:100$1$5$500$1000$
SPREAD:0.5 Pip1 PipFixed 3 PipFixed 0 Pip– 1 Pip
COMMISSION:///From $ 20 per 1 lotFrom $ 6 per 1 lot
LEVERAGE:Max. 1:3000Max. 1:1000Max. 1:3000Max. 1:3000Max. 1:500
THIS ACCOUNT IS FOR:Normal traders with an average deposit of 100$Mini account for traders with small depositsTraders who want to have a fixed spreadLower fees but higher deposits requiredThe best conditions for large traders

As you see above in the table, FBS offers different accounts for different deposit amounts. You can say that if you deposit more money with FBS, you get better conditions and lower spreads. On the other hand, it is a huge advantage that they offer accounts for traders with a very small deposit. The contracts are special in the cent account, and you can trade with less risk.

From our perspective, your should start at least with a minimum deposit of $ 100 to get good conditions in the Standard account. But overall, the ECN account is the best account type for trading with FBS! Traders who want to make profits for real deposition, most of the time more than $ 1,000. So they are able to get access to the ECN account. If you plan to deposit less money than $ 1,000 you should deposit at least $ 100 to use the Standard account.

(Risk warning: Your capital can be at risk)

How does FSB make money from you?

FSB is a reputable trader with its headquarters in Belize. Like most other trading platforms, the main source of revenue for FSB comes from added spreads on trades and commissions and fees. The site will use these earnings to pay employees in customer support and implement new safety measurements and tools to keep the site secured and help you trade more successfully.

Review of the deposit and withdrawal with FBS Broker

The deposit and withdrawal of money are as easy as registration with FBS. The broker offers different payment methods to do your transactions. You can use bank cards or electronic wallets. First of all, we recommend verifying your full identity with FBS before you deposit and start trading with real money. In the dashboard, you will see the instructions. It is very important because the broker only withdraws to verified accounts.

These methods are available for deposit and withdrawal: 

  • Credit Cards
  • Neteller
  • Skrill
  • Cryptocurrencies
  • Sticpay
  • Perfect Money
funding methods FBS
Use different methods for your payments

(Risk warning: Your capital can be at risk)

How to deposit money on FBS?

Log in to your trading account and go to the customer dashboard. You will see the button “deposit”. Then you choose the right amount for you and the payment method. With electronic methods like credit cards, the money will be directly in your trading account. In addition, you can choose a free bonus to get even more money to trade with.

How to withdraw money with FBS?

In the account dashboard, you can click on “withdraw money”. You can do your withdrawal 24/7 per week. The broker will work on that request on normal working days. So if you do a withdrawal on the weekend, the money will be processed on Monday. It is important to know that you have to verify your account fully before withdrawing money. For your safety, the broker has to prove that you are the real person.

How long does it take to deposit and withdrawal?

Deposits through electronic methods are working instantly. The money is credited directly to your account. The withdrawal can take a maximum time of 48 hours. From my experience, withdrawals are made very quickly and in less than 48 hours.

Are there any fees?

FBS does not charge any fees for a deposit on their platform except the payment method “Sticpay” with 2,5% + $0,3 commission. For withdrawals, there are some commissions that you have to pay. You can see the commissions direct in your account dashboard. The fee always depends on your payment method.

(Risk warning: Your capital can be at risk)

What can you expect from the FBS Forex Broker Bonus program?

FBS offers a huge bonus program for free. You can activate the bonus in your account dashboard. This is a great advantage compared to other forex brokers. Trades can get additional money for their accounts to trade with higher risk. We have to mention that the bonus depends always on certain conditions.

Before you activate the bonus, you should read the conditions. Some traders say that the bonus program is a scam because they do not read the bonus conditions. FBS Markets shows the conditions very transparently in the dashboard so you can decide if you take the bonus or not. Sometimes it is necessary to open a separate bonus account.

FBS deposit bonus
FBS 100% deposit bonus

At the moment, these bonuses are available: 

  • Level Up Bonus (Get free money to trade – $ 70 free in the personal area and $ 140 free in the personal area app)
  • Cashback (the broker pays back some commissions to you)
  • 100% bonus on deposit (get additional money)


As mentioned before, the conditions are transparently communicated between the broker and the trader. For example, if you get a deposit bonus, you have to make a turnover of trading volume on FBS before you can withdraw the money.

(Risk warning: Your capital can be at risk)

Contests and awards for traders

Another big plus for FBS is the free contests and awards for traders. The Forex Broker offers different contests that have been updated each week. For example, there is a chance to win a car or an iPhone X. Personally, we like the free demo account contest to win money without risking your own money. The prize fund is like 1000$ or more, and the five first places win a certain amount of it.

FBS demo contest
Free demo contest

Support and service for traders

The last point of this FBS review is the support and service for traders. FBS offers phone, email, and chat support for each client. The support is in multi-languages and is available 24/7 a week. In addition, every trader gets personal support through an account manager who can help you by frequently asking questions.

Also, we had a closer look at the service for traders. FBS is very present in the Asian region. There are events and coaching for new traders. Furthermore, the best traders win prizes and get a big bonus. Webinars and coachings are available on the platform for beginners or advanced traders. In conclusion, FBS is one of the brokers with the best personal service for its clients.

Facts about the support: 

  • Support 24/7
  • Phone, Email, and Chat
  • Local FBS events
  • Webinars and coachings
  • Personal account managers
FBS events
FBS events

Countries: – FBS accepts international traders

FBS is a well-known international company. They accept international traders with a few exceptions. The support is available in more than 150 different languages. Most traders are from Africa, Indonesia, Malaysia, India, Indonesia, and the Philippines.

These countries are not allowed: 

Japan, USA, Canada, UK, Iran

(Risk warning: Your capital can be at risk)

What are the best FBS alternatives?

While FSB is a trusted international broker with more than 23,000,000 clients in more than 150 countries. Also, more than 410,000 partners choose FBS as their preferred broker, and they are official partners of Leicester City football club, so your funds are definitely safe. Still, before we conclude the article, we will introduce our favorite alternatives to FBS.


capital.com logo

If you are looking for a trusted, beginner-friendly trading platform with more than 3,000 assets to choose from, capital.com is definitely among the best options. The low minimum deposit of $20 is also a great advantage for trading beginners just starting out and looking to get a first glimpse at the trading universe. The availability of online classes, webinars, and their own educational app called Investmate is great for trading newbies and intermediate traders alike. Read the detailed test of our experience with capital.com here.


RoboForex logo

For intermediate to advanced traders, RoboForex is a highly interesting alternative mainly due to its large variety of more than 12,000 assets to trade and the industry-leading leverage of up to 1:2000. With RoboForex, you can not only trade less popular currencies and assets with very attractive spreads, you can also choose from five flexible and adjustable trading platforms. In our review, some of the broker’s highlights were a very fast execution of orders as well as the above-average civil liability insurance program.


xtb logo

Last but certainly not least on the list of potential alternatives to consider, XTB, as one of the world’s largest Forex brokers, can’t be ignored. This European broker was founded back in 2002 and is traded on the Polish stock market since 2016. Interestingly enough, the company gained 4% in value on the first day after doing so and currently has offices in 12 countries. The main advantages of the broker are they provide access to one of the best trading platforms currently available (Station 5) and the are very transparent with their fees and commissions.

Conclusion of the review: Is FBS a scam or not? – It is a reliable broker

FBS Markets is, in our experience and tests a serious online broker. The broker has international and European licenses, which is why fraud is ruled out. In summary, we can recommend the provider, as he offers to trade in the forex market very cheaply. The broker scores point with numerous account types and bonus offers. The account types with lower deposit amounts are more expensive, but if you choose to deposit more than $ 1,000, you will get good trading conditions

The trading platform MetaTrader is also professional and available in versions 4 and 5. In addition, the support replies very fast in different languages. One of the biggest advantages is that traders can start a contest to win money or other prizes. Traders without a deposit get the chance to earn money. In conclusion, the service is very good and special to this broker. 

The advantages of FBS: 

  • Regulated in Belize and in Europe
  • Accept international traders
  • Different account types for your deposit
  • High leverage of up to 1:3000
  • Low spreads and commission
  • Specialized in forex Trading and CFD trading
  • Trade more than 250 markets (stocks, forex, commodities, indices)
  • Bonus programs, contests, and events
  • Reliable support and service

FBS Review

Review and Test of FBS Forex Broker

Trusted Broker Reviews

FBS Logo
Trading offers
Customer support


FBS is a great and regulated Forex broker that offers a lot of advantages and the possibility of using high leverage.


If you are looking for a good online broker with a lot of different offers, then you are right with this provider. 4.5 out of 5 stars (4.5 / 5)

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Trusted Broker Reviews

Professional traders since 2013

(Risk warning: Your capital can be at risk)

FAQs – The most asked questions about FBS Forex Broker:

What advantages does FBS offer? Why should you use FBS?

– Brokerage who is honest and growing
– Offers the most advantageous Forex deals
– Tons of successful transactions are performed daily
– A highly skilled expert team
– Millions of satisfied clients

How much should I invest in FBS?

You will be able to place trades with a minimum amount of 0.01 lot and employ reasonable leverage. Pick a regular account with flexible spreads if you want to initiate a large number of transactions. A minimum deposit of $100 is required for this type of account. You should be aware that you can only create one account for each category.

Does FBS demand verification?

In order to make withdrawals from the FBS accounts or initiate bank card payments, you must first validate your FBS account. Authentication also contributes to the safety of your private details and finances. In addition, verification ensures safety against unauthorized transactions and money laundering and offers a safe and transparent relationship between the broker and trader.

Does FBS provide bonuses?

FBS offers a 100% Deposit Bonus to both beginners and seasoned traders in order to enhance their earnings. You only need to place an initial payment and claim the incentive within 1 month. You may also get it for every fresh account you create. On the other side, a level-up bonus is offered for every new trader. You get free money which can be paid out after 20 days of trading.

See other articles about online brokers:

Last Updated on June 7, 2023 by Res Marty