FBS is a CFD broker offering various assets to trade and diversify your portfolio with.
- Fast account opening procedure
- Secure platform regulated by world-class authorities
- No inactivity fees
- Low minimum deposit requirement
- Free transactions
- Only CFD assets supported
- No investor protection for non-EU clients
FBS is a popular CFD broker accepting clients from over 150 countries globally. Since its establishment in 2009, FBS has grown to be among the most celebrated forex brokers by earning over 70 awards in the industry. Besides offering forex trading services, you can also access other instruments, including metals, indices, stocks, energies, and cryptocurrencies.
We review FBS below to help you make the best decision on whether it is worth trading with. Here you get to fully understand its features, including pros and cons, security measures, fees, payment methods etc.
FBS – Who Are They?
Founded in 2009, FBS is an international CFD broker accepting clients from global regions. The broker is safe for your trading funds and offers the best trading conditions for its users. It is licensed and regulated by world-recognised authorities, including the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA), etc.
Note that FBS offer different services depending on the legal entity you open an account with. Its platform is user-friendly and hosts quality resources to assist with market analysis and skills development. For instance, the broker organises special sessions so its users can benefit from training materials, superior trading technologies, and the latest strategies. Its quality services have attracted over 23 million registered users and partners from diverse global regions.
FBS values its clients’ needs and ensures every user is comfortable and satisfied. Besides offering plenty of trading tools, Muslim traders also get to enjoy swap-free accounts, also known as Islamic accounts. The good news is that the broker has a demo account, so feel free to test it before making a commitment.
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Licenses and Security
As mentioned earlier, FBS is licensed and regulated by tier-one authorities, including the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA), and the International Financial Services Commission of Belize (IFSC). Having such regulators overseeing its activities guarantees your funds’ safety and access to the best trading conditions.
Assets Offered
FBS is a CFD broker offering various assets to trade and diversify your portfolio with. These trading securities include forex, commodities, stocks, forex exotic, indices, and cryptocurrencies. Trading CFDs with FBS gives you the opportunity to enjoy leverage or margin trading, thus maximising your profitability. However, keep in mind that leverage application in CFD positions is highly risky and can leave you with massive losses. Therefore, only invest with amounts you are comfortable losing.
FBS Fees, Commission, and Spread
FBS hosts different accounts, which you get to choose from depending on your skill level. They include Cent, Micro, Standard, Zero spread, ECN, and Crypto accounts. Each account has its trading charges, but overall, FBS is a low-cost broker with a £1 minimum deposit on its Cent account.
Regarding non-trading fees, FBS has no account registration, deposit, or withdrawal fee. Plus, there are no inactivity fees, making it stand out among its peers.
| Type | Fee |
|---|---|
| Minimum deposit | £1 |
| Deposit fee | £0 |
| Withdrawal fee | £0 |
| Overnight fee | £0 |
| Inactivity fee | £0 |
| Type of Account | Standart | Cent | Crypto |
|---|---|---|---|
| Initial deposit | €100 | €10 | €1 |
| Spread from | 1 pip | 1 pip | floating from 1 pip |
| Leverage | Up to 1:30 | Up to 1:30 | 1:2 |
Deposit Methods and Supported Currencies
FBS has excellent deposit and withdrawal services and accepts many payment options. Remember, this broker charges no transaction fees, so ensure you choose the most convenient payment option. See below the deposit methods accepted by FBS.
- Debit/credit cards
- Bank transfers
- E-wallets like Neteller, Skrill, PerfectMoney, etc
Making deposits using the above payment methods is instant, except for the bank transfers that take up to 3 days. You can transact using various fiat currencies, including USD, EUR, and AUD.
Platform and Research Tools
FBS supports its users with adequate trading tools to maximise their potential to earn profits. For instance, there are trading ideas in video format and fundamental data through an economic calendar. Furthermore, you can benefit from its charting tools, including technical indicators, trendlines, etc. To stay abreast with developments in the financial market, FBS offers a news feed to help you get informed.
Regarding learning resources, FBS hosts a wide collection, including articles, videos, and webinars. There is also a virtually funded demo account for testing it before starting to invest using real money.
How To Register an FBS Account
FBS has a fully digital and user-friendly platform, making it easier for you to register for a trading account. Keep in mind that the broker hosts various accounts to choose from, so ensure you understand your skill level and select a convenient one for you.
That being said, here is how to register an FBS account.
- Click on links we’ve shared on this age for quick access to the FBS account to register an account. Before beginning the process, ensure you understand and accept the broker’s terms and conditions. Also, FBS has a mobile app you can install on your mobile device to trade on the go.
- Complete the account registration using your email, name, and strong password. You can also use your Apple, Google, or Facebook account to register an account with FBS.
- You will then select your preferred account and the base currency.
- Verify your identity and location by uploading a copy of your identity card or driver’s license and a utility bill or bank statement.
- Make the required deposit depending on the account you select. For instance, the ECN account has a minimum deposit requirement of £1,000, whereas the standard account has a £100 minimum deposit requirement.
- The broker will approve your deposit and automatically redirect you to its listed assets to trade.
Editor’s note
FBS is an excellent CFD broker that is highly encrypted and regulated. It offers all CFD traders an opportunity to explore the financial market without spending a lot of money. Moreover, trading with this broker allows you to enjoy quality learning and research tools, thus increasing your chances of succeeding.
The only thing we can caution our readers about using FBS is not to spend more than they are willing to lose, especially when applying leverage in a CFD position. Remember, while leverage CFD trades can bring about huge profits, you can also remain with massive losses. So, ensure you conduct a thorough market analysis and develop solid strategies before undertaking margin trading.
All in all, we advise you to conduct your due diligence and ensure FBS accepts clients from your region before signing up for an account. You should also be prepared by understanding the assets you want to trade and analysing various markets.
FAQs
FBS is a reliable broker since it is highly encrypted and regulated by top-tier brokers across various regions. Plus, the broker hosts quality learning and trading tools to maximise your potential in trading multiple securities.
Yes. Although the Financial Conduct Authority does not regulate FBS, the broker accepts clients from the UK. You will make your deposit using your GBP currency and have it converted to the supported USD/EUR before trading.
Depending on the payment method you are using, it will take up to 10 working days to complete a withdrawal. Bank transfer transactions usually take longer to complete, so ensure you conduct your research and select the most convenient payment method.
Yes. FBS is a trustworthy and reliable broker, thus making all its services legit. The copy trading feature allows you to follow experienced CFD traders and mirror their positions with high-profit potential.
The minimum amount you can withdraw from FBS is £1, and there is no limit when it comes to the maximum withdrawal amount.
No. Unfortunately, FBS will only allow funds withdrawal once you verify your personal details. These include uploading a copy of your original ID card, passport, or driver’s license and a utility bill or bank statement.
✔More than 100 trading instruments
I have been trading for 3 months and I would like to say that they have over 100 trading instruments - so, you can choose one of them. It is amazing that they don't have fees for trading. I really recommend it for beginning trading.
I think that what FBS is doing is definitely unmatched. I recommend them. The client dashboard is second to none, simple, and easy to understand. The account opening process is fast and simple.
This app is the best. I love using FBS and love their fast deposit under 3 min and fast withdrawal. The account opening process is fast and simple. Also, the support team is effective and professional.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal