FBS Broker Review – All the Facts 2023

4/8/2023, 12:36:27 AM - Eddu Oz
FBS Broker Review – All the Facts 2023

Overview – FBS Broker Review 2023

FBS Broker Review 2022

FBS is an international broker with a broad presence in over 190 countries of the world. Its technologically advanced platform provides exceptional trading services to 15,000,000 traders and 410,000 partners devoted to propelling the brand.

FBS has a reputation for being a customer-centric organization with an unswerving support system and goal to satisfy its clients.

Users stick with FBS due to its commitment in investors training and development, periodic loyalty & reward programs, seminars, webinars and a variety of resource materials available to its diverse clients.

FBS Broker Review 2020


Founded in 2009, FBS has a long list of notable international awards. A few of these awards are:

  • Best Forex Brand
  • Best Forex Broker Asia-2018
  • Best Investor Education – 2017
  • Best FX IB Program – China 2017
  • The Most Progressive Forex Broker Europe 2019
  • Best Forex Broker Vietnam 2019 and more.
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FBS broker has a positive reputation for its easy-to-use platform which allows it have a high trader retention rate. 48% of its traders say “trading with FBS has been their main source of income”. These remarkable testimonials of course keeps 80% of its traders for life.

FBS Broker Review 2021 - All the Facts


FBS Markets Inc is regulated by IFSC, license-IFSC/60/230/TS/19. FBS however, has some limitations in geography.

FBS broker servicers are available in all countries except:

  • Japan
  • USA
  • Canada
  • UK
  • Myanmar
  • Brazil
  • Malaysia
  • Israel
  • The Islamic Republic of Iran

Tradable Assets

Forex + Exotics – 35

Metals – 4

CFD – 3

Stocks – 33

Cryptocurrencies – Not Available

Minimum Deposit

FBS Broker Review 2021 - All the Facts

The minimum account deposit with FBS starts at $1 for the Cent Account which is suitable for those starting out with forex. The Micro, Standard, Zero Spread and ECN Accounts starts from $5, $100, $500 and $1000 respectively.

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Trading Accounts

Demo Account

A Demo account with FBS opens you to a world of learning opportunities.

What to expect trading an FBS Demo account
  • Trade risk free – the money you’re trading with on a demo account is virtual
  • Access the markets and practice trading under real market conditions
  • Experiment with different trading strategies and put them to the test
  • Become familiar with the MT4, MT5 and FBS Trader.
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Standard Account

This account is for experienced market traders aiming to expand their trading prowess. This account can however be opened by newbie traders who can learn fast and have the determination to succeed. 

With a minimum deposit of $100 and a leverage size of 1:3000, returns can be maximized with proper risk management. The Standard Account offers a floating spread of 0.5 pips and an order volume of up to 500 lots.

FBS Broker Review 2021 - All the Facts

Cent Account

Perfect for beginners, the Cent Account’s minimum is $1. A leverage of 1:1000 and a floating spread of 1 pip. For minimal risk, the Cent Account is a good place to start with a maximum order volume of 1000 cent lots. Note that account balances appear in cents.

FBS Broker Review 2021 - All the Facts

Micro Account

This is an upgrade from the Cent Account, the Micro Account starts with a minimum of $5 and a fixed spread from 3 pips. This account is ideal for high and precise profit calculation with a leverage size of 1:3000. Order volume for the Micro account is 0.01 to 500 lots.

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Zero Spread Account

If speed and faster execution of trades matter to you, then the Zero Spread account should be your zone. With commissions from $20/lot and a fixed spread of $0 pip, the Zero Spread Account enables you do more in less time. With an opening balance of $500 and a maximum order volume of 500 lots, this may be the next upgrade you need from a Micro account.

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ECN Account

To enjoy the full power of trading with ECN technologies, the ECN Account is a decent choice. There are no trading limits with the ECN, the maximum allowable leverage is 1:500.

With a low commission rate of $6 and a floating spread if -1 pip, the dynamics are excellent for professional traders. Opening balance for the FBS ECN Account starts at $1000.

The downside to the ECN is that it does not support Islamic swap free account features and only 25 currency pairs to trade this account.

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Islamic Account

All account types except the ECN supports swap free trading and as such, traders who choose to open this account can benefit from same features as others. To open an Islamic account, contact customer service after opening any other type of account asides the ECN.

CopyTrader for Investors

If you don’t have the time to trade, you can let skilled traders do the work for you. The CopyTrade service is designed for social trading. After opening an account or using an existing account, pick a trader of your choice which you have reviewed his/her stats then copy their trades.  

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FBS CopyTrader for Investors

CopyTrader for Traders

As a skilled trader, others traders and investors can copy your trades while you make money in a percentage revenue sharing formula you have agreed with the copiers. This is obviously a way to profit from your skills and make additional revenue. To access this service, open an FBS account of your choice or use an existing one. Switch to the copy parameters and have others copy you.

Follow these steps

1. Open a trading account or use an existing one

Choose an account type that suits your trading style or start right away with an existing account

2. Go to the account page

Go to your Personal area and choose an account you’d like to allow for copying

3. Switch on the copy parameters

Click on the “Start earning with CopyTrade” in your trading account settings and set up your profile.

To let people copy your deals, make sure the following is valid:
– The balance is $100 or more
– Your account is verified

4. Trade and get a fixed 5% monetary reward

Hit the “Start” button and get your monetary reward.

FBS CopyTrader Account for Traders


FBS provides support in over 18 languages including, English, French, Spanish, German, Arabic, Portuguese, Zulu, Vietnamese, Thai, Malay, Indonesian, Chinese and more.

Currency Pairs

Currencies are divided into two main sorts – Major currencies and minor ones. The major currencies are derived from the most powerful economies around the globe – the US, Japan, the UK, the Euro Zone, Canada, Australia, Switzerland and New Zealand. Together with the other currencies they create forex pairs.

FBS offers 35 currency pairs to trade. Cryptocurrencies are not available on the platform.

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Max Leverage & Spread


Leverage depends on your account type, from1:50 to 1:3000.


  • Floating, starting from 0.2 pip;
  • Fixed, starting from 3 pip;
  • Trading without spread (fixed spread of 0 pip).

Deposit & Withdrawals

Depositing methods

FBS provide 7 deposit methods to fund your account. Choose a payment method most convenient for you.

FBS Broker Review 2020
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Withdrawal methods

FBS provide 6 deposit methods to fund your account, the use of local exchangers is excluded. Choose a payment method most convenient for you.

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Trading Platform

MetaTrader 4 (MT4)

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Platform Features – MT4

  • More than 41 tools: currency pairs, CFD and Futures
  • The same login data to enter all the platforms
  • Low spreads
  • Full functional expert advisors (EA)
  • One-click trading and embedded news
  • Available on: Android, Apple IOS, Windows, Web, MacOS, Multiterminal.

MetaTrader 5 (MT5)

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Platform Features – MT5

  • Technical analysis tools: 50 indicators and charting tools
  • 3 types of charts
  • Micro-lot accounts (optional)
  • Hedging positions
  • VPS service support
  • Available on: Android, Apple IOS, Windows, Web, MacOS.

FBS Trader

The FBS Trader is a good as the MTs with cutting edge features. Execution speed, access to trade over 50 currency pairs with the best conditions, detailed information on contact type, order volume, current Ask & Bid price, take profit and stop loss information. This option is great to get started with. The downside is that it is only available on Android and Apple IOS only.

Technical Analysis

FBS market analysis is fairly robust, spanning across,

Tutorial videos and webinars

Forex trading strategies

Market analysis videos

Economic calendar

Forex news timeline

CFD Trading


Forex trading calculators and tools.

See more tools

Personal Account Manager

With an effective customer support 24/7, personal account managers are not assigned to trading accounts. You however can get answers quickly to questions via Live Chat and Callback options.

If your question is much more specific, you can email support or contact FBS via live chat.

Training and Education

With a well-developed training suite for learning, FBS clients have a bucketful of valid and up-to-date market information. Online resources include tutorial videos, guides, Forex TV, seminars & webinars, ebooks and more.

Forex Trading Signals

As a client, you’re granted free access to daily trade signals and ideas on your favorite currency pairs and the market generally. Entry, Exit points and Stop loss levels are precisely spelt out. This is why half of FBS investors double their initial deposit 8-10 times over.

Social Trading

Enjoy the same profits as the professional traders and make your money work for you. Open an account and start copying the top traders on the platform, when they make profit, you make profit as well.

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Final Thoughts

With a solid reputation and remarkable feats attained in the last decade, FBS is no doubt a market leader in the forex trading and investment business. With its numerous outstanding awards and positive investor reviews, FBS is a broker with great future prospects. It however needs to expand into newer regions especially the top tier countries.

Pros & Cons


  • Cent & Micro account starts at $1 and $5 respectively.
  • IFSC license.
  • Multiple account features to suit a variety of traders.
  • Trading Platforms – MT4, MT5, FBS Trader.
  • Innovative technology and cutting-edge trading features.
  • High leverage position from 1:50 – 1:3000.
  • Spread from 0.2 pips, no requotes.
  • No commissions except the ECN Account ($6).
  • 100% deposit bonus on funding.
  • Clarity on all Trading account features.
  • Excellent copy trading system.
  • Responsive customer support 24/7.


  • Trading of Cryptocurrencies, not available.
  • Limited by geography. USA, UK, Canada, Japan, Israel, Myanmar, Brazil, Malaysia excluded.
  • High spread on Cent Account.

FBS Broker Review

FBS Broker Review



  • Cent & Micro account starts at $1 and $5 respectively.
  • Multiple account features to suit a variety of traders.
  • No commissions except the ECN Account ($6).
  • 100% deposit bonus on funding.
  • Excellent copy trading system.


  • Trading of Cryptocurrencies, not available.
  • Limited by geography. USA, UK, Canada, Japan, Israel, Myanmar, Brazil, Malaysia excluded.
  • High spread on Cent Account.











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