FBS Broker Review

Author By Jeffrey Cammack Author Information Updated: November 10, 2020
Overall Rating
3.77 3.77 / 5
Rated #35 of 49 Recommended Brokers
Min. Deposit
USD 1
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 10
Website Language
English, Portuguese, Indonesian, Malay, Vietnamese, Arabic, Hindi, Chinese
Support Language
English, Portuguese, Indonesian, Malay, Vietnamese, Arabic, Hindi, Chinese
AlertAccepts Malaysian Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 3000:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC and the IFSC.

Summary

A very popular broker all across Asia, FBS offers tight spreads and leverage of 3000:1 on three accounts, including the 5 USD Micro Account. At any given time, FBS will be running at least 10 bonuses and contests and deposits and withdrawals are instant and free via local Malaysian banks like Maybank and CIMB.

Other accounts are equally impressive – with negative spreads on the ECN account – and support for both versions of MetaTrader is offered. Education and market analysis are both excellent and 24/7 customer service is great for beginners. All accounts are available in an Islamic version, except for the ECN account.

Reviews

Regulation
1110.503.5/ 5
Trading Conditions
111104/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
110002/ 5
Education & Research
11110.54.5/ 5
Assets Available
111104/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Bonuses
100% Deposit Bonus

Account Information

Base Currencies
EUR, USD
Number of FX Pairs
37
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
0 pips
Commission
6 USD / lot - ECN Account
EUR/USD
0.8
GBP/USD
0.7
USD/JPY
1
Max. Leverage
3000:1

Company Details

Company Name
FBS Markets Inc
Founded
2009
Website
Office Locations
Malaysia, Indonesia, Thailand

Is FBS Safe?

FBS, an international Forex broker regulated in Belize but with headquarters in Russia, has grown to become one of the most trusted brokers on the Asian market. Since FBS opened its doors in 2009, it has seen its customer base multiply thanks to the level of professionalism and trading conditions offered.

Since 2017, FBS – via its subsidiary Tradestone Ltd – has also been regulated by CySec and all European operations are now run from its regional HQ in Cyprus. Internationally, FBS is regulated by the International Financial Services Commission (IFSC) in Belize and has offices in a number of Asian countries, including Malaysia, China, Indonesia, South Korea, Thailand and Myanmar and prides itself on having a customer base of over 14 million traders.

FBS is a hybrid STP/ECN broker – so trades do not go via a dealing desk but instead are executed directly with liquidity providers on the open market, therefore removing any potential conflict of interest that is inherent with a dealing desk model. As per European regulations, 

Trading Conditions

FBS’ trading conditions for the UK and Europe are significantly worse than for international clients, with only two accounts available and leverage limited to 30:1. In European terms, trading conditions are good but the lack of choice for more experienced traders is notable.

Account Types

FBS offers a Cent Account and a Standard Account – the Cent Account is aimed at new traders who want to learn to trade without taking too much risk and the Standard Account won’t excite any professional traders.

Scroll for more detailsPreviousNext
Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Cent
USD 1
1000:1
1.0
None
Account Details
ECN
USD 1000
500:1
0.0
$6
Account Details
Micro
USD 5
3000:1
3.0
None
Account Details
Standard
USD 100
3000:1
0.5
None
Account Details
Zero Spread
USD 500
3000:1
0.0
$20
Account Details

Both account types allow trading on the following assets: 35 currency pairs, and 4 metals (gold, silver, palladium, platinum), and 3 CFDs and offer super-fast market execution. A swap-free option is available on both accounts.

FBS Account Types

Spreads and Commission

No commission is charged on either of FBS’ accounts and spreads are variable – with the minimum spread on the EUR/USD down to 0.5 pips and the typical spread closer to 0.9 pips. 

Deposits & Withdrawals

FBS charges no fees for deposits or withdrawals and offers the following methods:

  • Visa
  • Mastercard
  • Wire Transfer
  • Skrill
  • Neteller

FBS for Beginners

FBS is one of the better brokers for beginners – not just because of the good trading conditions on the Cent Account, but for its general approach to new traders. The education section is comprehensive and well-structured and market analysis is frequent and well explained. Unusually, customer service is available 24/7 – a welcome development to say the least.

Educational Material

The education section at FBS is one of the better ones available from this type of a broker, and all the material is free for all visitors. Education is split into five sections:

  • Forex Guidebook – the core of the education section, this is one of the better guides to Forex trading we have seen. Split into chapters for Beginner, Elementary, Intermediate and Experienced traders, this guidebook will be useful in some form for almost all readers.
  • Tips for Traders – is a frequently updated blog with useful posts covering various aspects of trading in an erudite and informal format. Recent blog posts include Triple Screen Trading Strategy and Bill Williams Fractals Indicator.
  • Webinars – This is a schedule and register of upcoming webinars – FBS holds webinars on a weekly basis from its office in Moscow and registration is a simple procedure.
  • Video Lessons – As you would expect, this is a collection of short videos covering various aspects of Forex trading – good for those who prefer watching to reading but not as comprehensive as the Guidebook
  • Glossary – A good glossary of Forex terms.

Analytical Material

Market analysis at FBS is again completely free of charge for all visitors and is covered by three separate sections:

  • Forex News – this a constant news feed of the day’s important events that will have fundamental effects on Forex trades. Updated frequently, concise and well written.
  • Daily Market Analysis – here you will find short analytical articles on the day’s events, very useful for new traders.
  • Forex TV – This is a collection of videos on everything from suggested trading plans for the week ahead to historical webinars. The trading plans, in particular, are recommended for new traders.

Customer Service

Customer service is available in multiple languages, 24/7 – which is exceptional for an industry where the standard is 24/5. Support is available by telephone, email, live chat and social media and support is exceptional, averaging 30 seconds per request.

Trading Platforms

FBS offers full support for both MetaTrader 4 and MetaTrader 5, including the iOS, Android and Webtrader versions of both. Multiterminal is also available for clients using a desktop which makes it possible to manage multiple accounts at a time.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the FBS offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

FBS Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. FBS would like you to know that: CFD’s are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.2% of retail accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFD’s work and whether you can afford to take the high risk of losing your money.

Conclusion

FBS has long been a popular broker in the Asian market, but faced with the particular restrictions placed on brokers in the European market – not to mention the cut-throat competition – it remains to be seen whether it can make a serious impact on traders in the EU and the UK, though its sponsorship of Barcelona should help in this regard. 

FBS’ European product line is quite limited compared to the international version, but spreads are still tight and support for both iterations of MetaTrader is much welcome. The real standout is the trading conditions on the Cent Account which should ensure a steady influx of new traders – though we do wonder what the attraction is here for more experienced clients.

AlertAccepts Malaysian Clients. Average spread EUR/USD 1.00 pips on trading account with lowest minimum deposit. Max leverage 3000:1. Islamic account available. MT4 & MT5 platforms supported. FBS is regulated by CySEC and the IFSC.
  • Nasrul says:

    Can get details fees & brokerages fees

  • Jojo says:

    This patuh syariah?

  • Scroll for more detailsPreviousNext
    Overall Rating
    Min. Deposit
    Regulation
    Trading Desk Type
    Trading Instruments
    Forex Pairs
    Crypto Pairs
    Pros
    Cons
    Regulation
    Trading Conditions
    Trading Platforms
    Deposit & Withdrawal
    Education & Research
    Assets Available
    Customer Service
    % Lose with this broker
    Leverage
    Spread
    Hedging
    Scalping
    Account Types
    Islamic Account
    Trading Platforms
    Funding Methods
    Trading Commission
    1110.503.77/ 5
    USD 1
    STP, ECN/DMA
    Commodities, Cryptocurrencies, Forex, Equities
    37
    0
    • Tight spreads
    • Low minimum deposit
    • Excellent education
    • Excellent market analysis
    • Limited range of assets
    • Extreme leverage
    1110.503.5/ 5
    111104/ 5
    11110.54.5/ 5
    110002/ 5
    11110.54.5/ 5
    111104/ 5
    1110.503.5/ 5
    76% of retail investor accounts lose money when trading CFDs with this provider
    3000:1
    0 pips
    Yes
    Yes
    Cent, ECN, Micro, Standard
    Yes
    MT4, MT5
    Neteller, Mastercard, PerfectMoney, Bitcoin
    6 USD / lot - ECN Account
    1110.503.32/ 5
    USD 150
    ECN/DMA
    Commodities, Forex, Equities
    110
    2
    • Wide range of assets
    • Copy trading accounts
    • Limited market analysis
    • Limited education
    • Wide spreads
    1110.503.5/ 5
    110002/ 5
    111104/ 5
    111104/ 5
    111003/ 5
    1110.503.5/ 5
    111104/ 5
    71.71% of retail investor accounts lose money when trading CFDs with this provider
    1000:1
    0 pips
    Yes
    Yes
    Cent.Eurica, Cent.Standard, Insta.Eurica, Insta.Standard
    Yes
    MT4
    Bank Transfer, Mastercard, Bitcoin, Broker to Broker
    Fees Included in Spread
    1110.503.47/ 5
    USD 100
    STP
    Commodities, Forex
    32
    0
    • ZAR Accounts
    • Fast and free withdrawals
    • Local regulation only
    • No swap-free account option
    111003/ 5
    111003/ 5
    111104/ 5
    11110.54.5/ 5
    1110.503.5/ 5
    1110.503.5/ 5
    1110.503.5/ 5
    of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.60 pips
    Yes
    Yes
    Basic, Premier, Standard, VIP
    Yes
    MT4
    Bank Transfer, Visa, Mastercard
    Fees Included in Spread
    Visit Broker
    AlertMost retail CFD accounts lose money. Your capital is at risk.

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