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FBS Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
3.87 3.87 / 5
Min. DepositUSD 5
Max. Leverage3000:1
Min. Spread0.0 pips
Regulators CySEC,IFSC
Regulator Origin CySEC IFSC
Trading Desk Type

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 1110.50
Trading Conditions 11110.5
Trading Platforms 11110.5
Deposit & Withdrawal 11000
Education & Research 11110.5
Assets Available 11110
Customer Service 1110.50
Beginner Friendly Good
Bonuses 100% Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 5
Base currenciesEUR, USD
Number of FX Pairs37
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.8
GBP / USD0.7
USD / JPY1

Company Details

Company nameFBS Markets Inc
Founded2009
Website fbs.com
Type ECN/DMA
Regulators CySEC,IFSC
Office locations Malaysia, Indonesia, Thailand

Deposit & Withdrawal Methods

Supported Platforms for FBS

Is FBS Safe?

FBS, an international forex broker regulated in Belize but with headquarters in Russia and 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 continue to multiply thanks to the level of professionalism of support offered.   FBS has been awarded top awards in Asia including Best ECN Broker 2015 amongst other awards.

FBS is regulated by the International Financial Services Commission (IFSC), and has offices in a number of Asian major countries, including Malaysia, China, Indonesia, South Korea, Thailand, Myanmar, and Russia and prides itself on having a customer base of over 7 Million.

FBS is an STP, Straight Through Processing and ECN type of a broker. This means that traders do not have to go through a dealing desk but instead, these brokers execute and send their client orders directly to the liquidity providers.

Account Types

FBS offers six trading accounts for its traders – each with its own unique benefits and minimum deposit requirements.  FBS accounts compare well to other brokers in this space and are set apart from the others in the leverage that is offered to clients.  As the minimum deposits get higher, the trading conditions become more beneficial for the trader, so when making a decision on which account to sign up for, don’t just look at the deposit minimums.

Trading Platforms

FBS uses three trading platforms – Meta Trader 4, Meta Trader 5 and WebTrader, which are all excellent for traders who appreciate hassle-free trading. Clients just need to decide to use the online version or downloaded version of these trading platforms.   The two platforms operate well on all Operating Systems such as Windows, Android, macOS, and iOS.  Multiterminal is also available for clients using a desktop which makes it possible to manage multiple accounts at a time.

Deposits & Withdrawals

FBS accepts payments in various methods including Mastercard, Visa, Perfect Money, Wire Transfer, Local Bank Deposits, Neteller, OKPay, and Skrill.

Conclusion

FBS is a force to reckon with in the Asian forex market. This is not only demonstrated by the number of accolades that they won, but also at the level of professional customer services and their account options which make this broker available for all levels of traders.

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.87 / 5 11110.5 4.58 / 5 11110.5 4.49 / 5
Minimum DepositUSD 5USD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs375751
Crypto Pairs44
Pros
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • Limited range of assets
  • Extreme leverage
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11000 2 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage3000:1888:11000:1
Spread0.0 pips0.6 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Zero Spread (Professional)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 MT4 , MT5 MT4 , MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission 6 USD / lot - ECN Account 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account
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Overall Rating 1110.50 3.87 / 5 11110.5 4.58 / 5 11110.5 4.49 / 5
Minimum DepositUSD 5USD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs375751
Crypto Pairs44
Pros
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • Limited range of assets
  • Extreme leverage
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110 4 / 5
Deposit & Withdrawal 11000 2 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 11110.5 4.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Assets Available 11110 4 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage3000:1888:11000:1
Spread0.0 pips0.6 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Zero Spread (Professional)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 , MT5 MT4 , MT5 MT4 , MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission 6 USD / lot - ECN Account 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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