FBS Forex Broker Review for 2024

What is FBS?

FBS is a popular Forex Broker and CFD trading platform founded back in 2009 by investors interested in trading research and technical analysis. At present, FBS is an international brand and has a presence in over 150 countries worldwide. The brand combines several companies and offers its clients opportunities to trade Margin FX and CFD.

FBS entities include FBS Markets Inc. (licensed by FSC), Tradestone Ltd. (licensed by CySEC), and Intelligent Financial Markets Pty Ltd. (licensed by ASIC).

Being a regulated Broker, set by various legislation environments, has brought quite good trading capabilities with useful tools and authorized trading services, which has pushed FBS development even further.

FBS Pros and Cons

FBS has operated for many years and provides a stable trading environment which is definitely a big plus. There are good trading conditions on MetaTrader4 and 5 provided, spreads are considered low based on our research also the education section is quite wide. Overall, FBS is good choice either for beginning traders or seasoned clients, also international traders since Broker accepts clients from many countries, including International traders like FBS Indonesia, FBS Malaysia, etc.

On the negative side, trading instruments are limited to Forex and CFDs and trading conditions vary in each entity. We recommend signing with European or Australian entities for better transparency and security measures applied.

FBS Features

FBS is a globally recognized forex and CFD broker, that has achieved trust among traders and good standing in the market due to the favorable environment it provides, with a good emphasis on regulation, client fund protection, and transparent trading practices. With flexible and well-tailored offerings, FBS becomes a good choice for those who want to explore more opportunities in the field of trading. In the table below we have compiled the main aspects of FBS offerings, which we are going to examine in detail, including, Trading Platforms, Fee Structure, Education and Research, Customer Support, etc.

Who is FBS For?

Based on Our findings and Financial Expert Opinion FBS offers a range of attractive services to its clients, irrespective of investment size or trading preference. The broker is good for those who prefer quick execution of trades, quality trading platforms, and low deposits to start. Based on our in-depth analysis, here are some key areas in which FBS excels:

• Beginning Traders
• Forex Traders
• Traders who prefer MT4 or MT5 platform
• EAs running
• Technical Trading
• Low Deposit Trading
• International Trading
• High Leverage Forex Trading
• News Trading
• Traders with Variety of Trading Strategies

FBS Summary

Our overall impression of FBS is good. The range of account types, platforms with advanced tools, and convenient customer support enables good trading conditions. Also, FBS adheres to a popular and quite good reputation among traders, and the broker actively participates in social activities. The trading costs are low for Forex instruments and provided FBS Markets execution model as an STP Broker is doing a good job on provided platforms too.

Nevertheless, since Broker operates various branches, conditions are rather different, and some like Cyprus and Australia we find safer and more convenient due to security measures applied. International FBS trading is more alluring in regard to opportunities but comes with lower regulatory oversight.

55Brokers Professional Insights

FBS is a broker suitable for traders of different preference and mainly those that prefer quality software based on MeetaTrader and low trading fees based on spreads with good execution speeds. Providing a reliable and stable environment due to its tight regulation, there Broker acquired respect and trust from real traders and runs an impressive number of trading accounts overall proving good stability and transparency.

If you like trading on MetaTraders either 4 or 5 FBS might be your brokers, also considering good education provided via FBS Academy and the good research tools provided, we especially enjoy Analysis FBS provides for its quality and being well-organized. 

For its trading conditions, we would mark lower spreads for almost all instruments offered which is a plus, however if you prefer a commission basis or ECN environment FBS might not be your preferred choice. The instrument range is good but mainly consists of popular assets, also Crypto Trading is available via international trading. So we advise check conditions based on entity well, since they vary and quite different in terms of account types and instrument selection alike.

Consider Trading with FBS If:

Avoid Trading with FBS If:

Regulation and Security Measures

Score – 4.6/5

FBS Regulatory Overview

FBS is a brand name used by Tradestone Limited, which is a Cyprus-registered company, EU and MiFID-regulated investment firm registered with CySEC. Also, Broker obtained licenses from Australia ASIC and FBS Belize too. However, Belize’s local regulator Financial Service Commission or FSC mainly just register companies rather than regulate them. Yet, together with regulation from European CySEC it makes FBS a broker compliant with regulatory requirements and therefore offers reliable trading conditions.

• Before the broker was operating under one entity only, for now it has acquired additional licenses and become a truly global broker with availability in many countries, which is definitely big plus. Yet, we advise opening an account at FBS Europe Trading or Australia for better safety.

How Safe is Trading with FBS?

Trading with a regulated broker that adheres to strict standards is the most important aspect to consider before you sign in with any trading company. In this matter, FBS with its obtained licenses and compliance to MiFID directive in Europe and Australia one too follows strict rules towards money protection, keeps traders’ funds in segregated accounts, as well as enhances capabilities of Negative Balance protection.

• In addition, being a Cyprus Investment Firm, FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.
• Yet, conditions and protective measures vary based on the entity like Belize does not provide any strict protection, so we advise signing with branches that are better protected.

Consistency and Clarity

Closer look to FBS reveals the broker’s stability and transparency further along different aspects of its operation. We see that the broker has remained consistent in its offerings through years, enhanced its regulatory status, tightening it with more licenses from highly regarded entities. Also, it offers extra protection to its clients’ accounts, and keeps clarity and stability regarding trading conditions, overall trading environment and trading features are transparent enough with clear understanding what you’re signing in.

Constant development and improvements have led to the growth of the client base, achieving over 27+ million active clients, and still the number is growing, which proves the services are regarded well by the traders. Besides, Real Trader Reviews are mostly very positive and in fact we see numerous mentions of quality trading conditions, low fees and education section.

Account Types and Benefits

Score – 4.4/5

Which Account Types Are Available with FBS?

While opening an account with FBS Global there is typically a single account feature where settings based on the instrument and volumes you trade may be adjusted. If you are trading under FSC regulation you will have access to a single account type with spreads as low as 0.7 pips, high leverage up to 1:3000 and order execution from 0.01 seconds. The deposit starts from $5.

However, in FBS EU entity there are two account types available – Standard and Cent, while Australian entity offers one more account Ultra, below we cover the conditions of each.

• FBS offers trading conditions based on several entity rules like EU, Australian, and International, the account offering, conditions and proposals also differ based on the entity.
• The account types at FBS offer both demo and live trading accounts that give exactly what you may look for, regardless of the level of experience. FBS Test Demo Account is recommended for beginners or if you would like to test the FBS Forex trading environment.

Standard Account

This account type is available on EU entity and good for all traders who want to explore the market and achieve better results in trading. The initial deposit starts from €100 (or equivalent in $). The spreads for the Standard account are floating from 0.7 pips, with available leverage up to 1:30, although there is an extra leverage offering (for Pro Traders) for this account types that can be as high as 1:500. The order volume is 0.01 – 500 lots and the available trading platform is MT5 that supports the following trading instruments: 28 currency pairs, 16 Forex exotics, and 4 metals, 11 Indices and 5 Energies.

Cent Account

The Cent account is also available on EU entity, good for traders who have just started and want to trade real funds without risking too much. The Cent account conditions include floating spreads from 0.7 pips, €10 (or equivalent in $) minimum deposit, leverage of 1:30, yet for a more professional option the leverage available can be 1:500. The order volume is Min volume 0.01 cent lot (=0.0001 standard lots or 10 units), max volume 500 cent lot (=5 standard lots or 500 000 units). Maximum open positions and pending orders are 400.

• For those who trade under the Australian jurisdiction, the broker offers one more account type – Ultra account. Although, note, that for standard and Cent accounts the conditions may vary, too based on entity conditions.

Ultra Account

The Ultra account available on AU entity only offers commission based account with interbank spreads from 0 pip and commission of AUD 8.12/USD 6/EUR 5 for one lot round. The available leverage is 1:30, market execution is very fast, from 0.3 sec, and the maximum open positions and pending orders are 400 for this account type.

Islamic Account

There is an option for an Islamic account, which is swap-free, following Sharia law, hence suitable for the clients of the Muslim belief who would like to avoid interest fees on overnight positions. Traders can request an Islamic account on different account types offered by the broker all the while preserving the trading conditions, such as spreads, commissions, and other features of the chosen account type.

Regions Where FBS is Restricted

Due to regulatory and legal requirements FBS does not accept clients from the following countries:

• the USA
• Israel
• the Islamic Republic of Iran
• Myanmar

Cost Structure and Fees

Score – 4.6/5

FBS Brokerage Fees

FBS fee structure first of all depends on the entity traded as we find some differences in fees and offered spreads based on entity conditions. Then other conditions such as the account type and the asset class traded are important to consider for fee structure too. Below you can see the overview of FBS’s costs reviewed, covering elements like spreads, commissions, swap fees, etc.

• FBS Spreads

FBS spreads vary across the account types, traded instruments, also the entity the client is signed with. For Standard accounts the spreads typically start from 0.07 pips, which is considered quite low offering, making it an attractive option for traders. For Cent accounts, spreads start from around 0.06 pips, too, with no commission which is a suitable offering for beginners who want to start small, with minimum inputs of funds. Spreads for other markets like stocks and indices may vary based on market conditions and liquidity. All of the spreads offered by FBS are floating, which can mean there might be changes on spreads if the market conditions change.

• FBS Commissions

With FBS commissions mainly 0 on Standard or Cent Account with EU offering and those who trade under the FSC regulation, the commissions start from 0%. For the Standard and Cent accounts that are available under the Australian regulation, the commission is 0% for Standard and Cent accounts too. And only AU entity has commission based account known as AU Ultra account where the commission is AUD 8.12/USD 6/EUR 5. 

• FBS Rollover/Swaps

FBS also charges a Swap fee, which is the cost of holding a position overnight for traders who prefer swing trading. And is a typical fee charged by most Brokers, as example the long Swap fees for EUR/USD are -5.46, and the short ones are 0.61.

How Competitive Are FBS Fees?

We found that FBS fees are very competitive and are positioned very low in the market average, starting from 0.7 pips Spreads with Standard offering, since spreads are floating typical spread is around 0.9 for EURUSD pair as per our tests, which still considered competitive. Considering all costs are built into spread, there is no commissions charged. For other instruments like OIL or Gold Trading we find fees within average of industry offering. Overall, established fees make FBS an attractive broker in regard to its structure, which is on the lower side and pretty transparent.

However, fees are different based on entity rules, also if you prefere commission based fees the only available commission account is on FBS Australia entity which might not be available to everyone.

See below a comparison of the most traded instruments.

FBS Additional Fees

We found that FBS imposes very few additional fees. Unlike many brokers in the market, FBS does not charge an Inactivity fee. The other additional fees are very common and depend both on the trader’s trading preferences and on the location.

Currency Conversion Fees

Currency Conversion fees are applicable in cases when you trade in a currency that differs from the account base currency. However, the conversion rates are quite competitive at FBS, but of course, should be taken into consideration.

Withdrawal Fees

Generally, FBS does not charge any withdrawal fee. Yet, specifically for international withdrawals, additional fees may be applied, which depends on the traded currency, location of the trader, etc. Besides, for its European entity, there might be an additional 5% transaction fee when traders withdraw funds without trading.

Trading Platforms and Tools

Score – 4.5/5

Another good point about FBS is its selection of trading platforms, with the availability of the market’s popular MT4 and MT5 platforms, also, the FBS App, which is a simple solution for traders to have access to the market at all times. All the available trading platforms meet various trading needs, enabling different trading styles which is a plus to the offering overall.

FBS Web Platform

With FBS it is easy to gain access to the MT4 web-based platform without need of download or install any software. Through the web trading clients gain access to 9 timeframes and 30 technical indicators, all types of trading operations, 3 types of charts and 31 Graphical objects, quick access to FBS trader Area and Help Center, also, get reliable data protection.

To start trading on web trader, on the FBS website clients need to click on ‘Go to Webtrader’. Afterwards, traders simply need to use their FBS account details or create one if they don’t have one yet and start trading. Yet, usually Web trader features fewer tools or customized parameters and is a rather simplified version of the platform.

Main Insights from Testing

The FBS Webtrader is linked with MT4 platform. It stands out for its good charting tools, graphical objects and a range of technical indicators which are considerably better knowing WebTrading usually more limited. The platform is easy to use, with access to the help center, and good protection measures. On the negative side, it allows fewer customization options compared to desktop platforms, which are more convenient for advanced trading.

FBS Desktop MetaTrader 4 Platform

FBS MT4 platform gives access to trade Forex, metals, indices, and energies, analyzing financial markets, and using Expert Advisors. Traders of all skill levels can benefit from advanced technical analysis, a flexible trading system, and algorithmic trading. The platform is free to download and use, there are no fees or charges to use it. With MT4 traders get to manage their trading strategies with 9 chart timeframes and 31 technical indicators, gain access to the latest market updates and are able to choose from over 17 700 Expert Advisors and technical indicators to automate their trading. Besides, through the platform traders can manage multiple MT4 accounts from a single terminal that is ideal for traders handling several accounts simultaneously.

FBS Desktop MetaTrader 5 Platform

In addition, there is a choice of FBS MT5 desktop platform that enables enhanced trading with access to a full range of trading instruments offered and great technical indicators, offering superior tools for price and chart analysis. On the platform are available 21 chart timeframes and 38 technical indicators, improved Expert Advisors, and other advanced tools and features. 550+ instruments, including Forex, metals, indices, stocks, and energies are available all in one place.

Also, there is an Economic Calendar, that enables to monitor markets in real-time and be up to date with current economic events. At last, it is easier to control positions with offered 8 pending order types. The MT5 platform is possible to download both for Windows and for macOS.

FBS MobileTrader App

FBS App offers a secure, innovative and simple solution to uncover more of the trading potential. The app is a great opportunity to experience advanced trading on the go, be able to deposit and withdraw funds, manage accounts at all times, also analyze charts and trading statistics. The FBS proprietary app enables clients to trade 550+ instruments right from their mobiles, providing user-friendly interface that meets both beginner and advanced traders’ expectations.

Some of the main features of the app are real-time charts, quick trade execution, balance management, and comprehensive analytics. Clients can get it on both Android and iOS devices, which makes the app more accessible. At last, FBS app is a highly rewarded and regarded social trading platform that allows following trading professionals or strategies, which is a great option for investors or beginning traders to learn better.

Main Insights from Testing

Testing shows that the FBS app is a great offering that makes it possible to analyze market trends with easy-to-use charts, manage orders, and enter the market at any times. Users can check their account equity and margin easily to estimate their trading opportunities. Moreover, traders can easily reach charts and tailor them according to their needs, use 90+ indicators to identify price trends and make informed decisions. All in all, the app is a great opportunity for those who want to experience trading at their convenience, from the screen of their phones.

Trading Instruments

Score – 4.3/5

What Can You Trade on FBS Platform?

Regarding the trading instrument selection, we found quite good conditions for trading on Forex, Metals, and Indices with split-second execution through the STP model. The range of instruments is good, with over 550+ instruments, including Forex, metals, indices, stocks, and energies available that will suit both beginner and professional traders.

However, this is still considered an average offering in the market, also selection is different based on the entity conditions. Alike, FBS offers cryptocurrency trading through its international entity, through its Crypto Account so clients able to trade popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) etc, while all traded as CFDs.

Traders and investors also gain access to over 72 currency pairs, including exotic ones. Below is the list of the instruments that FBS enables:

• Forex
• Forex Exotic
• Metals
• Indices
• Energies
• Stocks
• Crypto Trading (International entity)

Main Insights from Exploring FBS’s Tradable Assets

Our investigation of FBS tradable assets shows that the broker supports almost all types of traders, offering them a range of instruments. The offering includes 550+ instruments that provide traders diversify their trading and explore various markets.

While the range overall consistent of most traded Products the availability of Forex Exotic Pairs is another good point about instrument offerings. Overall, FBS enables both long-term and short-term investments with a good selection. However, FBS’s focus is more on popular instruments and the number of available instruments is considerably lower compared to some extensive market offerings, which gives more opportunity for diversification.

Leverage Options at FBS

Leverage increases your trading size by the possibility of multiplying the initial balance bringing vast opportunities for higher gains. Yet, as usually happens in Forex trading, offered leverage depends on some factors including trader level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions. Therefore, see our FBS findings on the offered leverage opportunities:

• Trading with a European entity you may maximum use 1:30 leverage for major currency pairs,
• Australian entity allows a lower maximum of 1:30
• International FBS offers high leverage ratios of up to 1:3000
• Some of the instruments have fixed leverage: stock leverage is always 1:100, indices and energies at 1:200, and metals at 1:500.

Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing your money rapidly. Since the highest leverage involves a high risk of losing in parallel to its gaining option, it may not be the best option for beginners as well. High leverage is usually a priority of professional traders, which we also find available in European entity too. For Professionals trading via the EU entity the available leverage might be as high as 1:500.

Deposit and Withdrawal Options

Score – 4.5/5

Deposit Options at FBS

We found FBS offering a range of the most used and convenient payment options with an impressive range of over 200 payment systems supported. However, this might be applicable to the international entity of FBS only, as the EU regulator demands a strict money transfer policy as well. The available funding methods include:

• Wire transfers
• Credit/Debit cards
• Skrill
• Rapid Transfer
• Neteller

FBS Minimum Deposit

FBS minimum deposit is $5 at the very beginning, a good option for beginning traders, which is also much lower than many Brokers offer. The broker informs that as some payment methods require a transaction fee when you withdraw funds without trading, the company reserves the right to impose a 5% fee to any payment method, at their discretion.

Withdrawal Options at FBS

FBS provides a good selection of withdrawal options and 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.

How long does it take to withdraw money from FBS?

Withdrawal of money isn’t a complicated process, as you need to enter into your trading account management area and submit a withdrawal request. Typically, FBS processes withdrawals within 1-2 business days. Here is a detailed information on withdrawal time:

• Credit cards take 15-20 minutes, the maximum processing time is up to 2 business days
• Wire transfers generally take up to 48 hours
• Skrill, Neteller, and other e-wallets take 15-20 minutes, a maximum of 48 hours

Customer Support and Responsiveness

Score – 4.6/5

Testing FBS’s Customer Support

Another good point to admit about FBS is the customer support it provides. The support is available 24/7 through live chat, international phone lines, email, and even social media. Many languages are supported, and in case some are not available Live Chat agent offers to speak either in English or use Google Translate, which is rather convenient. Besides, the broker offers other sources of information to settle issues in its Help Center section, where it provides a detailed FAQ section, and many initial questions might find answers.

Contacts FBS

Based on our research, the customer team is quite responsive, providing help through a number of options. The broker provides also alternative and easy to reach solutions like WhatsApp for phone calls +357 99 173422, a live chat that is available right on the website, where traders need to fill in their name and email, to start the chat. Also, support is available through Telegram, where clients can submit their questions.

Research and Education

Score – 4.7 /5

Research Tools FBS

Apart from the research tools that the MetaTrader platform is packed with you may access various tools that FBS provides.

• We found a well-designed accessible right from the website Forex Calculator and Economic Calendar to track the news, a profit calculator, and a currency converter for easy calculations.
• In addition, FBS provides in-house designed Daily Market Analysis, which provides a section of Market Insights and Trade Ideas. Besides, FBS enables access to a Telegram channel, to unlock even more trade ideas to its clients.
• To accommodate its traders even further, FBS suggests a VIP Analytics tool, where FBS experts send the latest market news and trading ideas straight to the trader’s inbox, Monday through Friday. The VIP Analytics report is available in 5 languages, traders just need to select it from their FBS Trader Area. If their preferred language is not on this list, traders will receive the report in English.

Education

FBS education provided by the Broker is quite extensive, with numerous educational materials and programs organized that are designed to enhance trading capabilities, recognizing the importance of good knowledge. At the FBS learning center you will find a range of Forex Guidebooks, numerous Tips for traders, Video Lessons along with Glossary materials.

• FBS Academy provides a wide range of educational materials, specifically designed for beginner and professional traders, which are aimed at enhancing its clients’ skills and knowledge in trading.
• In addition, Traders have access to numerous webinars, seminars, trading tutorials and Trader’s blog. The latter includes materials on trading psychology, strategies, risk management, and also a section of Trader’s story, which is meant to inspire the traders. The Trading Tutorial section mainly includes video guides and a trading handbook.

To sum up, the FBS education section is quite sustainable and well organized, providing in-depth knowledge on the market and guiding their client to success.

Is FBS a good broker for beginners?

To the question, if FBS is good for beginners, the answer is undoubtedly positive. The broker provides an extensive range of educational materials, suitable for immersing into the market from the very start. Video tutorials, handbooks, blog, webinars and seminars, and also great analytical tools are all a good support for those who are new in trading, also Demo account is available, also conditions like fees built into spread and low minimum deposit another good point for beginners.

Portfolio and Investment Opportunities

Score – 4/5

Investment Options FBS

FBS does give access to stock trading, yet the Stock trading offering with FBS is based on Contracts of Differences. This means, that FBS enables traders to speculate on stocks and shares, however, this does not give ownership to the trader, so is not classic Investment. Although the platform does not offer the traditional option of investment, clients still have a good chance to access multiple assets, like Indices, commodities, Forex, and energies, and make the best of the trading itself and benefit from the difference between the entry price of a trade and the exit price.

• Besides, FBS does not support either MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts. This is a drawback for those traders who seek for managed account option so that their investments could be handled by more professional traders.

Account opening

Score – 4.5/5

How to open an FBS Demo Account?

A demo account is a virtual account that enables clients to trade with virtual funds. The FBS demo account is connected to a live trading platform which means it provides real-time market data.

The opening of a demo account is a straightforward process, and it is possible to use the account immediately after opening it. Here is a step-by-step process for opening a demo account with FBS:

• Open your Personal Area.
• Click on the Create Account button
• Then click on the “Demo” button
• Complete the form, providing basic information, like name, email, etc.
• Save all the registration information, with passwords in a safe place
• Choose the MetaTrader version you prefer, account currency, leverage, and initial balance to determine your trading
• After completing the process, receive your credentials and start trading

How to open an FBS Live account?

Opening an account with FBS isn’t a very complicated process, as you will be guided through simple steps, which are the following.

1. Enter all the parameters of yours including name, email, Phone, etc.
2. You will receive a confirmation link in your email to follow the process
3. Upon receiving access to your online account management, you may start a Demo Account at this stage
4. Define the account type you wish to open and choose your base currency
5. Specify your trading experience and expectations with the online questionnaire
6. Upload proof of your address, identity, etc. (As per regulatory requirements)
7. Click Submit, allow a few working days to verify your documents and account
8. Follow with money deposit
9. Decide what assets you want to trade and start trading

Additional Tools and Features

Score – 4.6/5

As for the additonal tools, we find that FBS cares about its clients’ overall trading experience, thus it supports them with additional tools that will take their trading to a better level. Additional offerings not only have a positive impact on the trading performance but also help the broker to be distinguished for its unique features. FBS allows the following trading tools:

• VIP Analytics is a special service FBS provides to deliver daily insights from trading experts. These insights are mainly focused on the market news, technical analysis, and ideas to trade. They are designed to help traders with their decisions and improve their overall trading experience, while the analytics is sent to the trader’s inbox every working day which we find very convenient. The analysis is based on the assets FBS offers (+550 instrument) and is delivered in the preferred language of the trader. The report generally includes key events and news influencing the current market, detailed reviews on the main currency pairs, upcoming events that tend to impact on the market, and links to upcoming educational events. Overall, VIP Analytics is a great tool that will enhance the trading process considerably.
• VPS Hosting or a Virtual Private Server helps in optimizing the trading process. One of its main advantages is its ability to operate offline and guarantee stable and reliable trading. VPS provides with uninterrupted trading, data security with backups. The service is suitable for all types of traders, especially for those who use automated trading strategies. The setup process is simple, the design is user-friendly. Traders can use this service free of charge if they make a one-time deposit of at least $450 to the trading account. From the second month, the $33 fee for the next month is reduced from the specified account.

FBS Compared to Other Brokers

While we compared FBS to other brokers, we found that the broker has some advantages over other brokers, especially in a number of aspects. Of course, there are also points where the broker stays behind others. For its overall offering, the broker has quite a good standing in the market.

One of the first strong points of the broker is its regulation through several well-regarded authorities, such as CySEC, and ASIC, when compared to other brokers in regard to regulation, FBS has an advantage over RoboForex and BlackBull Markets. For its fee structure, we found that FBS offers competitive costs and low spreads, considered an attractive offering, since the market average of spreads is between 1 to 1.2 pips, like in the case of Eightcap and FXGT.com.

Another aspect that impressed us about FBS is its research and education section which is quite attractive, offering various educational materials good for either beginners or to enhance clients’ knowledge and experience on the market. Many brokers fall behind FBS in respect of its education offering, among them are FXGT.com, RoboForex, and BlackBull Markets.

In terms of Instruments, FBS has a good offering overall yet, there are brokers with better instrument options, like RoboForex with its 12.000+ instruments, giving traders more chances for diversification and some unique opportunitites. Also, platform selection is based on popular MetaTrader if you look for other platforms Pepperstone or FP Markets might be more suitable.

Parameter	FBS	FP Markets	RoboForex	Pepperstone	BlackBull Markets	Eightcap	FXGT.com
Spread Based Account	Average 0.7 pip	From 1 pip	Average 1.3 pip	Average 0.7	From 0.8 Pips	Average 1 pip	Average 1.2 pip
Commission Based Account	AU entity only 0.0 pips+$3	0.0 pips + $3	0.0 pips + $4	0.0 pips + $3.50	0.1 pips + $3	0.0 pips + $3.5	0.0 pips + $3
Fees Ranking	Low	Low/ Average	Average	Average	Low	Average	Average
Trading Platforms	MT4, MT5, FBS App	MT4, MT5, cTrader, IRESS, Proprietary Platform	MT4, MT5, R StocksTrader	MT4, MT5,cTrader, TradingView	MT4, MT5, cTrader, TradingView	MT4, MT5, TradingView	MT4, MT5
Asset Variety	550+ instruments	10,000+ instruments	12,000+ instruments	1,200+ instruments	26000+ instruments	800+ instruments	1000+ instruments
Regulation	ASIC, CySEC, FSC	ASIC, CySEC,  FSCA, CMA	FSC	ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	FMA, FSA	ASIC, SCB, CySEC, FCA	FSCA, FSA, VFSC, CySEC
Customer Support	24/7 support	24/7 support	24/7 support	24/7 support	24/7 support	24/5 support	24/7 support
Educational Resources	Excellent	Excellent	Good	Excellent	Good	Good	Good
Minimum Deposit	$5	$100	$10	$0	$0	$100	$5

Full Review of Broker FBS

Our final assessment of FBS is shows quality Broker with tailored trading conditions suitable for most traders. MT4/MT5 platforms with advanced tools with convenient customer support, and the FBS App, equipped with great features and functionality enable a good trading experience. Besides, the broker’s standing in regard to its education is quite reliable and transparent, adhering to the rules of various well-regarded entities. Since the broker operates various branches, conditions are different from entity to entity, thus, traders should pay attention to this. Especially Cyprus and Australia entities we find safe and reliable due to security measures applied.

We also revealed that the trading costs are relatively low, with floating spreads starting from 0.7 pips, a wide range of instruments, and a maximum leverage of 1:3000 for FBS’s international offering.

At last, with its great education and research section, FBS is a favorable choice both for beginner traders, who can find extensive resources on any trading subject, and for professionals, who want to gain even more insight into the market. With its additional tools, like VPS hosting and VIP Analytics, FBS takes the trading experience a notch higher.