FBS Forex Broker Review
FXMARE editorial rating, not user reviews.
Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25
FBS is a high-volume retail broker founded in 2009, notable for its $5 minimum deposit, 1:3,000 offshore leverage, and CySEC/ASIC regulation — but global clients land on its weaker Belize entity.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Between 74% and 89% of retail investor accounts lose money when trading CFDs.
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FBS Overview
FBS is a high-volume retail broker founded in 2009, notable for its $5 minimum deposit, 1:3,000 offshore leverage, and CySEC/ASIC regulation — but global clients land on its weaker Belize entity.
FBS is regulated by FSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa). Independently verifiable licences include CySEC (Cyprus) — Tradestone Ltd., CIF Licence 331/17; ASIC (Australia) — Intelligent Financial Markets Pty Ltd., AFSL 426359. Regulatory protection is more limited and leans on offshore licensing, so verify the entity you sign up with before depositing.
EUR/USD spreads start around 0 pips on the raw/ECN account (about 1 pips on the standard, commission-free account), with $0 (Standard/Cent); ~$6 USD / AUD $8.12 round-turn (Ultra/raw, AU entity only) commission. The minimum deposit is $5 (global/Belize entity); €10 (EU Cent account); €100 (EU Standard account) and maximum retail leverage is 1:30 (EU/Australia retail); 1:3,000 (Belize/offshore). Swap-free (Islamic) trading is offered conditionally — Available on request (toggle in Trader Area) for all real account types. No swap for positions under 2 days. For forex exotic instruments, a fixed weekly commission applies from the second Sunday the position is open. FBS reserves the right to charge this fee at any time. EU/AU entities label it swap-free; other regions call it Islamic account..
Platforms include MT4, MT5, TradingView. FBS provides ~580 CFDs: 72–79 forex pairs, 8 metals, 3 energies, 11 indices, 470+ stock CFDs, 5–11 cryptocurrencies across Forex, funded via Visa/Mastercard, Bank wire transfer, Skrill, Neteller, SticPay, USDT/Bitcoin/Ethereum/Litecoin (crypto).
FBS serves over 27 million clients across 150+ countries and offers genuine CySEC and ASIC oversight for EU and Australian clients respectively, providing meaningful regulatory protection in those regions. However, the vast majority of global (non-EU, non-AU) clients are onboarded under the FSC Belize entity, which carries significantly weaker investor protections and no compensation scheme. Costs are competitive on the standard account (~1.0 pip EUR/USD, no commission) and the Ultra raw account is a credible option for AU-based active traders, but the absence of a true ECN offering for the global entity is a notable gap.
Headquarters: Belize City, Belize (global entity: FBS Markets Inc.); EU entity: Limassol, Cyprus (Tradestone Ltd.) · Funding: Visa/Mastercard, Bank wire transfer, Skrill, Neteller, SticPay, USDT/Bitcoin/Ethereum/Litecoin (crypto)
Pros
- Very low global minimum deposit ($5) — one of the lowest in retail forex
- Broad multi-entity regulation: CySEC (EU/MiFID II) + ASIC (Australia) + FSC Belize
- Extremely high leverage offshore (1:3,000) for traders outside EU/AU
- 200+ funding/payment methods including crypto and major e-wallets
- Ultra raw-spread account (0.0 pip EUR/USD) available for Australian clients
Cons
- FSC Belize (main global entity) is a relatively weak offshore regulator — limited client protection
- FSCA license held but South African clients routed to Belize entity, not FSCA entity
- Raw/Ultra account only available via Australian entity; global clients do not get a true ECN option
- Swap-free exotic positions attract a fixed weekly fee, not truly zero-cost for longer trades
Ratings Breakdown
FBS Fees & Costs
Regulation & Safety
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
FBS is authorised by FSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Platforms
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with FBS in the FXMARE trading journal.
FXMARE Verdict
FBS serves over 27 million clients across 150+ countries and offers genuine CySEC and ASIC oversight for EU and Australian clients respectively, providing meaningful regulatory protection in those regions. However, the vast majority of global (non-EU, non-AU) clients are onboarded under the FSC Belize entity, which carries significantly weaker investor protections and no compensation scheme. Costs are competitive on the standard account (~1.0 pip EUR/USD, no commission) and the Ultra raw account is a credible option for AU-based active traders, but the absence of a true ECN offering for the global entity is a notable gap.
FBS — frequently asked questions
Is FBS regulated?
FBS states it is authorised by FSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.
What is the minimum deposit at FBS?
FBS lists $5 (global/Belize entity); €10 (EU Cent account); €100 (EU Standard account) min deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.
What spreads does FBS offer on EUR/USD?
FBS advertises spreads from 0 pips (raw/ECN), with EUR/USD quoted around 1 pips (standard) · 0 pips + commission (raw). Commission: $0 (Standard/Cent); ~$6 USD / AUD $8.12 round-turn (Ultra/raw, AU entity only). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.
What is the maximum leverage at FBS?
FBS advertises up to 1:30 (EU/Australia retail); 1:3,000 (Belize/offshore). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.
Does FBS offer swap-free (Islamic) accounts?
Partly. FBS offers swap-free trading with conditions. Available on request (toggle in Trader Area) for all real account types. No swap for positions under 2 days. For forex exotic instruments, a fixed weekly commission applies from the second Sunday the position is open. FBS reserves the right to charge this fee at any time. EU/AU entities label it swap-free; other regions call it Islamic account.
Which platforms does FBS support?
FBS supports MT4, MT5, TradingView. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.
Community Rating
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Complaints & Resolutions
No complaints filed against FBS. If you’ve had an unresolved issue, you can file one above.
FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of FBS. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.