Recommended for
- forex trading 4.3/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
911
people
chose this broker in the last 6 months
BrokerChooser Score
4.3/5
FBS review summary
FBS is a global CFD broker. FBS has low stock and stock index CFD fees and charges no inactivity fee. The account opening process is fast and simple, while deposits and withdrawals are free of charge and user-friendly. The customer service and education materials are excellent. On the negative side, FBS has a limited product portfolio covering only CFDs. There are only a few account base currencies, and there is no investor protection for non-EU clients. BrokerChooser gave FBS a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Is FBS a legit broker?
See how FBS is regulated and whether you should have any concerns using it.
FBS pros and cons
Pros
Cons
- Low stock and stock index CFD fees and no inactivity fee
- Easy and fast account opening
- Excellent customer support & education
- Slim product portfolio
- Few account base currencies
- No investor protection for non-EU clients
FBS main highlights
🗺️ Country of regulation
Cyprus, Australia, Belize
💰 Trading fees class
Low
💰 Inactivity fee charged
No
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0.99
🕖 Time to open an account
1 day
💳 Deposit with bank card
Available
👛 Depositing with electronic wallet
Available
💱 Number of base currencies supported
2
🎮 Demo account provided
Yes
🛍️ Products offered
CFD (forex, stock, indices, commodities, crypto)
Fees
FBS has low stock and stock index CFD fees and charges no withdrawal and inactivity fees. On the other hand, its forex CFD fees are average.
Account opening
The account opening process at FBS is user-friendly and fully digital. The process is very fast, our account was approved within a day.
Deposit and withdrawal
FBS’ depositing and withdrawal services are great. Many options are available for moving your money in and out and they are free of charge. However, we would have loved to see more account currencies.
Web trading platform
FBS uses the MetaTrader web trading platform. The interface is highly customizable with a good search function and clear fee reports, but it lacks a two-step login and price alerts.
Mobile trading platform
FBS Trader is a well-designed and user-friendly mobile trading platform, equipped with a good search function and safe login. Nevertheless, price alerts and biometric authentication are not supported.
Desktop trading platform
In terms of design and functionality, the FBS MetaTrader 5 desktop platform is highly similar to the web trading platform, except you can also set price alerts here.
Markets and products
At FBS, you can trade only CFD products. Many popular asset type, like real stocks and ETFs, are not available.
Research
FBS has user-friendly research tools, ranging from trading ideas to a comprehensive economic calendar. On the other hand, the news feed could be improved.
Customer service
FBS’ customer service is exceptionally good across multiple channels, so you’ll be in good hands when it comes to your broker and trading related questions.
Education
FBS provides quality educational texts, webinars, videos and you can use a demo account. Forex Intensive is a five-week course suitable for both beginners and advanced users.
Safety
FBS is regulated by multiple financial authorities, including CySEC and ASIC. The broker provides negative balance protection. However, FBS is not listed on any stock exchange and none of its financial information is available publicly.
