As a part of the FBS Markets Inc group registered in Belize, they offer trading services since 2009. Surprisingly this is a very transparent broker, but that is mostly due to the licenses that they have. All details about the company should be clearly disclosed for clients’ comfort and security.
We will check on every crucial aspect of the trading company so that you can decide if this is the right choice for you or not.
Also, we recommend you not invest in the fraudulent brokers UFX, Monaxa, and DeltaStock.
| Broker status: | Regulated Broker |
| Regulated by: | IFSC, CySEC |
| Websites: | Fbs.com / fbs.eu |
| Regulators’ Complaints: | N/A |
| Owned by: | FBS Markets Inc / Tradestone Limited |
| Headquarters Country: | Belize / Cyprus |
| Foundation year: | 2009 |
| Supported Platforms: | FBS Trader / MT4 / MT5 |
| Minimum Deposit: | 10 EUR |
| Cryptocurrencies: | Yes – BTC, ETH, BCH |
| Types of Assets: | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Maximum Leverage: | 1:3000 / 1:30 |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
| Site Grid: | N/A |
Is FBS a Regulated Broker?
In fact, this FBS broker as part of Tradestone Ltd is licensed since 2017 by CySEC. That is a Cyprus-based regulator and is trusted among traders. Besides that, FBS is licensed by a domestic regulator in Belize – IFSC.
Even though, IFSC is a Tier 3 regulator it can’t be bad to have more regulations for clients’ safety. However, after all these regulations you can find FBS reviews where some clients had difficulties with this broker.
Reasons for Using a Regulated Broker for Trading
Generally speaking, regulated brokers provide comfort while trading. Furthermore, security is on a higher level and fund protection is one of the key points. However, some traders only trust Tier 1 regulators like FCA, BaFin or ASIC. Unfortunately, FBS trading company doesn’t have any license from Tier 1 regulators.
Does FBS offer Metatrader 4 and 5?
The equally important thing as regulation is the trading platform. Many trusted brokers are using MT4/MT5 platforms besides their proprietary web traders. As can be seen on the FBS website, they provide access to MT4/MT5 platform. You can access it by downloading it on any platform or directly through the browser.
FBS Trader
On the contrary, FBS Trader doesn’t offer any superior trading features like MT5 for example. However, it grants an additional bonus and 20% cashback on any order. Unlike MT5 which provides social trading, this platform just offers essential trading features. Moreover, it is available for download on any Android or iOS device.
Trader’s Reviews of FBS
Given these points, we wanted to check what other people think about this broker. For this reason, FBS broker gets unattractive to experienced traders. Unfortunately, out of 327 comments on Trustpilot, almost 40% of them were rated 1-star with negative comments. Check it out yourself first before you invest any money.
FBS Trading Instruments
Ultimately, the more assets the broker offers more opportunities traders have to make profits. Accordingly, FBS trading provided many different classes for its traders. Those are:
- Forex – USD/SEK, AUD/SGD, EUR/JPY
- Commodities – gold, natural gas, oil
- Indices – FTSE100, DJI, AU200
- Stocks – Microsoft, Qualcomm, Repsol
- Cryptocurrencies – BTC, ADA, XRM
Point often overlooked is leverage for trading with these assets. According to ESMA rules for trading in the EEA zone, the maximum leverage allowed is 1:30. However, the FBS broker allows traders for leverage up to 1:3000. Which might be a potential issue. Especially for non-experienced traders.
FBS Service Countries
Even though this broker doesn’t have a specific area they are working with due to regulatory restrictions, we couldn’t identify surely where they operate. The only thing we could look up are FBS reviews. As can be seen, they are trading with clients from:
- US
- Philippines
- Italy
- South Africa
All things considered, check first regulatory restrictions in your country before you start trading.
FBS Account Types
Significantly better than most companies, they offer a vast of different trading account types. Certainly, every account brings some benefits to the table. However, we always recommend choosing a micro or a demo account for a start. In this case, those accounts are:
- Cent – $1
- Micro – $5
- Standard – $100
- Zero spread – $500
- ECN – $1000
- Crypto – $1
Free Demo Account – does the broker offer it?
Another key point is the availability of a demo account. Not many trading companies provide that. Even though we are not a fan of a demo account due to a false picture presented about trading it is a good choice for the first time. Hence try with real money as soon as you can, if possible, with a Tier 1 regulated broker.
FBS Deposit and Withdrawal Policies
Although FBS broker provides a range of options for withdrawals and deposits, not all are executed with the same speed. E-payments are processed instantly, while other payment systems take 1-2 hours. The maximum processing time is 48 hours upon creation of the request. A significantly longer processing time of up to 7 business days is required for a bank transfer.
Payment Methods Available
To clarify, as deposit methods broker offers cards, bank transfers, and e-transfers. Some of the providers are Visa, Master Card, Neteller, Skrill, and more. On the positive side, they don’t offer a crypto transfer for first-time deposits. However, it’s not excluded that it is used at a later stage.
FBS Terms & Conditions – What You Need to Know
In general, all T&Cs are transparent due to regulatory rules. Surely, they comply with AML policies and disclose potential risks. Yet, some traders have experienced bad customer service and unreliable trading conditions. To sum it up, you better look for a Tier 1 regulated broker.
Leverage, Spreads, and Fees
Any leverage higher than 1:30 in retail trading for the EEA zone is not allowed. FBS broker provides leverage up to 1:3000. Moreover, spreads vary from fixed of 0pips up to 3 pips, with some adaptations for some account types where you have floating spread.
As for additional fees, higher account type levels have commissions. Zero spread account has a commission of $20/lot, ECN has $6, and crypto 0.05% for opening and closing positions.
What Should I Do If I Have FBS Problem?
As can be seen in FBS reviews some traders reached out to fund recovery experts. After all, if you can’t solve your issue with the company’s regulator, you better look for different options. Our specialized fund recovery team can assist you along the way. Finally, stop wasting time and book your free consultation now!
FAQ
What Is FBS?
FBS is an offshore trading company that offers FX, CFD and Crypto trading since 2009.
Is FBS a Regulated Broker?
Yes. Besides their domestic IFSC license, they have a CySEC license as well. Yet, some traders had difficulties with this broker.
Is FBS Available in the United States or the UK?
Unlike many licensed companies, they don’t have a disclaimer in what countries they do or do not operate.
Does FBS Offer a Demo Account?
Yes. In general, it’s better to use a micro account with real money, but you risk being persuaded to invest more.