FBS Broker Review

FX Scouts By Jeffrey Cammack Updated: December 7, 2019
Overall Rating
3.97 / 5
Min. Deposit USD 5
Max. Leverage 3000:1
Min. Spread 0.0 pips
Regulators CySEC,IFSC
Regulator Origin CySEC IFSC
Broker Type ECN/STP

Summary

FBS stands out in the Asian forex trading market which is clear by the number of accolades which this broker has won thanks to its high standard services.  FBS is the holder of the Best Customer Service Broker Asia 2016 as well as the Highly Recommended Broker Insurance of the Year in Indonesia. In 2012, FBS emerged as the fastest growing broker in all of Asia.  FBS offers its customers, great account options, bonuses, trading on more than 46 instruments total.  There are 4 cryptocurrencies, 3 CFDs, 4 metals, 35 forex pairs.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Bonuses 100% Deposit Bonus
Beginner Friendly Standard
Our Review Process

Trading Conditions

Minimum Deposit USD 5
Base currencies EUR, USD
Number of FX Pairs 37
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 0.8
GBP / USD 0.7
USD / JPY 1

Company Details

Company name FBS Markets Inc
Founded 2009
Website Visit Website
Type ECN/STP
Regulators CySEC,IFSC
Office locations Malaysia, Indonesia, Thailand

Deposit & Withdrawal Methods

Supported Platforms for FBS

FBS Broker Detailed Review

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.

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

Compare Brokers

Overall Rating 3.97 / 5 4.38 / 5 4.49 / 5
Minimum Deposit USD 5 USD 5 USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Broker Type ECN/STP Market Maker ECN/STP
Trading Instruments Commodities, Cryptocurrencies, Forex, Metals, Stocks Commodities, Cryptocurrencies, Forex, Indices, Metals, Shares, Stocks, Energies Forex, Commodities, Metals, Energies, Crypto, Bonds, Shares
Forex Pairs 37 57 51
Crypto Pairs 4 2 4
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 4.5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4 / 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
Leverage 3000:1 888:1 1000:1
Spread 0.0 pips 0.6 pips 0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Mini,Professional,Standard
  • Mini,Standard
  • Standard,Mini,Vip
Swap Free Yes Yes Yes
Trading Platforms MetaTrader4, MetaTrader5, WebTrader MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Yes
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FBS

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HotForex

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Overall Rating 3.97 / 5 4.38 / 5 4.49 / 5
Min. Deposit USD 5 USD 5 USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Broker Type ECN/STP Market Maker ECN/STP
Read Full Review Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 3.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 4.5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4 / 5 4.5 / 5
Risk Disclaimer 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
Leverage 3000:1 888:1 1000:1
Spread 0.0 pips 0.6 pips 0.0 pips
Hedging Allowed Yes Yes Yes Yes Yes Yes
Scalping Allowed Yes Yes Yes Yes Yes Yes
Platforms MetaTrader4, MetaTrader5, WebTrader MetaTrader4, MetaTrader5, WebTrader MetaTrader4, WebTrader
Funding Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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