FBS Review 2025
General Overview
FBS is a Belize-based forex broker used by over 27 million traders in 150+ countries. It keeps things straightforward with simple account choices and supports MT4, MT5, and the FBS app. You can trade 550+ instruments, start with just $5, and pick from 200+ payment methods. It’s beginner-friendly, offering learning materials and research tools. Trading terms are strong: leverage up to 1:3000, floating spreads from 0.7 pips, and zero commissions. FBS also has a solid global reputation, with 90+ international awards and a strong presence in Asia.
Trust & Safety
Trading with a regulated broker like FBS helps reduce the risk of fraud. FBS runs three regulated branches with clean records. It isn’t Tier-1 regulated, but it follows international rules and has been active for over 10 years, which helps build trust. Even without Tier-1 status, its compliance creates a secure place to trade. We’ll break this down below.
Is FBS Regulated?
Yes. FBS is regulated by several authorities to keep clients safe and operations transparent. Founded in 2009, it’s overseen by the Belize Financial Services Commission (FSC), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). FBS keeps client money in segregated accounts (separate from company funds) and offers negative balance protection for EU retail clients, so you can’t lose more than you deposit. With over 27 million traders and 90 industry awards, FBS is widely seen as trustworthy.
Is FBS Safe?
Yes. FBS is a legitimate, secure broker regulated by the FSC, FSCA, ASIC, and CySEC. These regulators require strict standards, helping ensure a safe trading environment. FBS uses segregated accounts in the EU and Australia, provides negative balance protection, and uses SSL encryption to protect data and funds. It isn’t publicly listed and doesn’t publish financial statements, but its regulatory compliance and added protections—like ICF insurance for European clients—make it a reliable option for traders seeking a secure platform.
Fees
FBS uses a commission-free pricing model with floating spreads. On major pairs like EUR/USD, spreads start around 0.7 pips and average about 0.9 pips. You can use the FBS Trading Calculator to check trade costs before you enter a position.
FBS doesn’t charge its own fees for deposits or withdrawals, but your bank or payment provider—and currency conversion—may add charges. There’s also no inactivity fee, which is good if you take trading breaks. Spreads on forex pairs and stocks are competitive, but index spreads can be higher than average—for example, the Dow Jones 30 is about 5.92 points.
Trading Platforms
FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop (Windows and Mac), web, and mobile (iOS and Android). These platforms are well-suited for active traders, offering advanced charting tools with 68 total indicators, 30 timeframes, and 3 chart types (line, bar, and candlestick). The desktop version of MT5 provides additional features like mobile push and email notifications, which are absent on the web platform. Although FBS only uses MetaTrader, limiting some advanced tools found on alternatives like TradingView and cTrader, the platforms support algorithmic trading and customizable EAs. The FBS app also offers convenient portfolio monitoring for mobile traders.
FBS MetaTrader 4
FBS offers MetaTrader 4 (MT4) as one of its primary platforms, ideal for active traders looking for advanced charting and trading functionalities. Available on desktop (Windows and Mac), web, and mobile (iOS and Android), MT4 provides 30 total indicators, 9 timeframes, and 3 chart types (line, bar, and candlestick). Traders can further customize their MT4 experience with over 25,000 custom indicators, templates, and Expert Advisors (EAs). The desktop client supports algorithmic trading and offers MultiTerminal for multi-account management. FBS also provides unlimited demo accounts for MT4 users, allowing traders to test strategies without account verification or time limits.
FBS MetaTrader 5
FBS provides the MetaTrader 5 (MT5) platform, ideal for experienced traders seeking advanced features. Available on desktop (Windows and Mac), web, and mobile (iOS and Android), MT5 stands out with its 38 indicators, 21 timeframes, and 3 chart types, including line, bar, and candlestick. The desktop version of MT5 includes useful tools like price alerts and the ability to send push or email notifications, features not available in the web version. FBS also offers unlimited demo accounts with no expiration. MT5 supports over 10,000 custom indicators and Expert Advisors (EAs), making it highly customizable and perfect for traders using algorithmic trading or managing multiple accounts.
FBS Mobile Platform
FBS offers a mobile trading platform that is available on both iOS and Android, providing traders with on-the-go access to their MetaTrader 4 and MetaTrader 5 accounts. The mobile apps are designed for active traders, featuring 68 total indicators (30 on MT4 and 38 on MT5), 30 timeframes, and 3 chart types, including line, bar, and candlestick. One key feature is the ability to set price alerts on the desktop version, which can sync with mobile notifications. Traders can also open customizable demo accounts on the mobile platform, with no limits on the number of accounts. The FBS mobile app is perfect for monitoring portfolios and executing trades anytime, anywhere.
Tradable Instruments
FBS offers a broad selection of tradable instruments, predominantly catering to forex and CFD traders. Traders can access 72 currency pairs, including popular ones like EUR/USD and USD/JPY, 8 precious metals such as gold and silver, and 11 global indices like the S&P 500 and FTSE 100. The platform also provides 3 energy commodities, including WTI and Brent oil, along with 470+ stocks from major companies in the US, UK, and Germany. While FBS’s asset range is competitive, it lacks real stocks, ETFs, options, and cryptocurrencies. For traders focused on crypto or broader asset classes, alternatives like Eightcap or CMC Markets may be better suited.
Account Types
FBS provides a simplified account structure, offering one live account type with a minimum deposit of just $5, making it accessible for traders of all levels. The account features floating spreads starting from 0.7 pips, leverage up to 1:3000, and a minimum trade size of 0.01 lots. Additionally, traders can open demo accounts with no expiry to test strategies in real market conditions using virtual funds. FBS also offers an Islamic account option for those adhering to Sharia law, which eliminates interest charges. With up to 500 open positions allowed and a wide range of order volumes, FBS is ideal for both beginner and advanced traders.
Customer Support
FBS offers exceptional multilingual customer support, available 24/7 through email, phone, live chat, and a convenient call-back option. The broker ensures traders receive assistance in multiple languages, enhancing accessibility for its global client base. The Help Center is comprehensive, providing detailed answers to many common questions, which reduces the need for direct support inquiries. During my review, I found FBS’s product and service explanations clear and informative. However, for those needing assistance, FBS’s round-the-clock support is well-equipped to handle inquiries efficiently, ensuring that traders receive timely and professional support whenever needed.
Allowed Countries
Education
FBS offers a comprehensive educational platform designed for traders of all experience levels. The FBS Academy provides well-structured beginner courses in multiple languages, while seminars, webinars, trading tutorials, and the Trader’s Blog offer additional learning opportunities. For more advanced traders, FBS offers actionable analytics, including VIP Analytics, available to those depositing $500 monthly. FBS also provides an economic calendar, trading calculators, and a dedicated Telegram channel for market updates and technical analysis. Additionally, EU clients benefit from access to Forex TV, where expert analysis and financial news are provided. FBS’s educational resources rank among the best in the industry, making it ideal for beginners.
Education
During my FBS review, I found that no bonuses or promotions were currently available for traders. However, FBS offers an attractive multi-tier partnership program, which I highly recommend for those looking to earn passive income. This program allows partners to earn up to 43% of the trading fees FBS collects per trade. With over 700,000 partners already participating, the FBS Partnership Program has paid out more than $1.5 million in commissions monthly. While bonuses may be absent, the partnership program provides a lucrative alternative for traders and affiliates alike.
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