FBS Review 2019 | Is FBS a Scam or Legit Forex Broker?

Read our FBS review to find out if FBS is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.3/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
60% Complete (danger)
3.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
FBS
FBS Overview

FBS Markets is an online Forex and CFD broker located in Belize. The broker offers Forex, stock, CFDs and metals for trading on its platforms, which include the MT4 and MT5.

# Broker's Features FBS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review FBS.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FBS offers Online Financial Trading and Investment Services Such as Currencies, Stocks.

Tradable Products: FBS Markets offers 37 currency pairs, 4 metals, 3 CFDs and 32 stocks.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FBS is ECN, No dealing desk, STP.

Features: FBS provides the “CopyTrade” which is a social trading platform. The MT4 Multiterminal, Fix Rate and VPS are other tools provided to aid the trader.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FBS recommended minimum capital is $1.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FBS is regulated by CySEC, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: FBS is regulated by the IFSC in Belize and the CySEC in Cyprus. Investors’ are protected through account segregation, membership of the ICF and platform/website encryption using SSL. The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses. For example, adding an EU license would help FBS compete with its industry peers.

Account currencies: Next lets consider the Account currencies each broker offers. FBS offers EUR, USD, THB different account currencies for each account types.

Account Openning: There are 5 types of accounts offered by FBS Markets. They are Cent, Micro, Standard, Zero spread, and ECN accounts. The account opening balances are $1, $5, $100, $500 and $1000 respectively.

FBS offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. FBS offers English, Indonesian, Malay, Chinese, Japanese, Kor.

Payment methods: Next lets have a look at each broker's payment options. FBS offers Visa/Mastercard, Wire Transfer, Neteller, Skrill, WebMoney, Perfect Money, OKPay, Fasapay; Local Indonesian banks: Bank Central Asia, Mandiri, Bank Ne different payment methods for each account types.

Deposit and withdrawal: Credit/debit card, Neteller, SticPay, Skrill, Perfect money and Bitwallet are the acceptable payment options. There are withdrawal fees payable

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FBS makes MetaTrader 4, MetaTrader 5 available to clients.

Web & Desktop Trading Platforms: The MT4 and the MT5 trading platforms are provided for trading the assets.
Mobile Trading Platforms: The FBS Trader, the MT4 and the MT5 apps are the mobile trading platforms provided by FBS Markets. The apps are designed for the android and iOS mobile devices.

Other

Trader Education
The education centre provided by FBS has the Forex Guidebook, tips for traders, Forex books, webinars, seminars, video lessons and a glossary. The economic calendar, currency converter, Forex news, daily market analysis and forex TV are some of the research tools provided by FBS Markets to assist the trader in making his daily trading decisions.

Promotions
The bonuses available are: ‘Get a car from FBS’, Trade 100 bonus, 100% deposit bonus and cashback. The contests available are: ‘FBS makes your dreams come true’ and FBS Pro

Support
The customer support desk is available 24/7 on the various chat platforms like instant web chat, Facebook messenger, telegram and viber. Social media channels are Facebook, YouTube, twitter and Instagram.

Recup
FBS Markets is a Forex and CFD broker that has been in operation for ten years. It is regulated by the CySEC and IFSC. The brand has implemented several security measures to protect clients and their investments. FBS provides multiple account options and deposit methods for its clients to access the MT4 and MT5 platforms from its entity licensed in Belize and across its related websites, which cater for international traders.

Final Thoughts
The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses.

Trading Experience
FBS Markets is a broker that has excellent services for all trader levels and experience. It is suited for all trader classes and styles of trading.

People Also Asked

Is FBS regulated?
Yes, FBS is regulated by top-tier regulators, CySEC, IFSC inclusive.
Where is FBS based?
FBS is based in Belize
How does FBS make money?
FBS charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in FBS account?
With FBS you can deposit money via the following means; Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer.
How do I withdrawal in FBS account?
FBS lets you request a withdrawal of funds from your account via the following means; Credit Card, Neteller, PerfectMoney, Skrill, Wire.
What is the minimum deposit for FBS?
FBS has $1 minimum deposit.
What are the available account base currencies with FBS?
FBS trading accounts are offered in EUR, USD, THB. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FBS?
FBS has a maximum leverage is 1:3000 for professional traders.
How do I open an account with FBS?
Opening an account with FBS is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does FBS use MetaTrader?
FBS platforms: Yes, FBS use MetaTrader as well as the following platforms: MetaTrader 4, MetaTrader 5
What type of broker is FBS?
FBS appears to be a ECN, No dealing desk, STP broker which offers market access to a variety of traders.
Does FBS accept US clients?
No
Does FBS offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with FBS: You can trade a wide variety of instruments with FBS: Currencies, Stocks