In this detailed FBS Broker Review, we will review each aspect of the FBS Broker to see if this broker is a legit broker. Below is the summary of the FBS Broker.
Assets Available | 5 Asset Classes – Forex, Metals, Indices, Energies, and Stocks |
Regulated By | CySec, IFSC and ASIC |
No. Of Trading Platforms | 3 main trading platform. MetaTrader 4, MetaTrader 5 and FBS Trader |
Leverage | Up to 1:3000 |
Spreads | Starts from 0.7 pips (Standard Account) |
Commission | Starts from 0% |
Min Deposit | $5 |
Demo Account | Yes |
Education Provided | Guide books and webinars. |
Methods of Payment | Bank Wire Transfers, Credit Card/Debit Cards, Skrill, Neteller, Perfect Money, Sticpay and Cryptocurrencies |
Open Account |
Broker Background
FBS is an Award-winning international broker founded in 2009. This broker is available in more than 150 countries. FBS broker claims to provide cutting-edge trading technologies for forex traders. FBS clients make collectively $500 million dollars annually in profits. FBS focuses on providing the best customer service to its clients.
Some of the awards won by the FBS broker includes Best FX Broker Indonesia, Best Customer service broker in Asia, etc.
Now, let’s discuss each aspect of this broker, starting with the trading platforms provided by the FBS Broker.
Trading Platforms
FBS broker provides traders with 3 main trading platforms. These are MetaTrader 4 (MT4) trading platform, MetaTrader 5 (MT5) trading platform and FBS Trader mobile application.
MetaTrader 4/5 trading Platforms
MT4/5 trading platforms are one of the best trading platforms for trading forex. MT4/5 provides all the tools necessary for traders to analyse the markets and execute trades. These platforms support web, mobile and desktop trading. These also supports algorithmic trading as well on Windows and Mac.
FBS Trader
FBS Trader is a mobile application provided by the FBS broker. It is a good trading mobile application with over 5 million downloads. With this mobile application, you can trade all the asset classes. The following image shows the FBS mobile application.
Financial Instruments Available For Trading
FBS Broker provides traders with 5 asset classes, Forex, Stocks, Metals, Indices and Energies. There are over 180 instruments among these asset classes that you can trade with the FBS Broker.
Forex
FBS broker provides almost 50 different forex pairs including forex majors, minors exotic pairs. The spreads on the currency pair will be variable depending on which currency pair you want to trade. This platform is great if you are looking to trade exotic forex pairs because FBS provides you with a multitude of exotic pairs.
Stocks
FBS broker provides you with more than 100 different stocks that you can trade. These include stocks from Google, Facebook, Intel, and many more. The spreads will be variable depending on what stock you trade.
Metals
FBS Broker provides 4 types of metal that you can trade, these are Gold (XAUUSD, XAUAUD, XAUEUR, XAUGBP), Silver (XAGUSD, XAGEUR), Palladium (XPDUSD) and Platinum (XPTUSD). The spreads are variable on these metals, which means it fluctuates based on the market volatility and liquidity conditions.
Indices
FBS Broker provides you with 11 different indices that you can trade. These include the popular Dow Jones ( US30 ), NASDAQ100 ( US100 ), and S&P500 ( US500 ).
Energies
FBS broker provides you with three different types of energies that you can trade with. These are XBRUSD (Brent Crude Oil), XNGUSD (Natural Gas), and XTIUSD (WTI Crude oil). The typical spread for XBRUSD is 0.03 while XNGUSD and XTIUSD have a spread of 0.01 and 0.04 respectively.
Commissions And Spreads
The commissions for the FBS broker starts from 0%. And spreads starts from 0 pips depending on the financial instrument that you are trading with the FBS broker.
Types of Accounts
FBS broker provides only 1 main account type, called Standard Account. They used to provide with 6 different account types, but now they combined everything to a standard account to simplify the process for traders.
The following table shows the specifications of this standard account.
| Account Specification | Value |
| Initial deposit | from $5 |
| Spread | Floating spread from 0.7 pips |
| Commission | from 0% |
| Leverage | up to 1:3000 |
| Maximum open positions | 500 (including 200 pending orders) |
| Order volume | from 0.01 to 500 lots (with 0.01 step) |
| Stop out | 20% |
| Margin call | 40% |
| Market Execution | from 0.01 sec, STP |
Education Provided
FBS broker provides various different resources for learning forex. These are great materials for beginners to learn about the forex market. But of course, the education provided by any broker will not usually give you an edge in the market. To be really profitable in the markets, you need to learn about advanced trading strategies and mindset strategies.
The education provided by the FBS broker includes, blog articles, forex guide books, webinars and market analytics (trade ideas). The following image shows trade ideas provided by the FBS broker.
Leverage
FBS Broker provides massive leverage of 1:3000. This is one of the highest leverage provided by any broker in the forex market. We absolutely do not recommend trading with this much leverage. But, if you want to trade with high leverage, this broker might be a perfect fit for you.
Minimum Deposit
With the FBS broker, you can trade with a minimum of $5. This is great, since you can start trading on the live markets with risking a lot of money.
Awards
The FBS broker is an award-winning broker who have won multiple awards. These awards include, Best Introducing Broker Global 2023, Best Client Support Asia 2023 and Best Forex Broker Africa 2023.
Regulations
It is important to choose a broker who is regulated for trading. If the broker is not regulated you cannot trust the broker, this does not mean that unregulated brokers are scams, but you have to be extra cautious when using an unregulated broker.
Regulated brokers can generally be trusted more. FBS broker is regulated and authorised by 3 different regulators, including tier 1 regulators. These include, Cyprus Securities and Exchange Commission (CySec), International Financial Services Commission of Belize (IFSC), Australian Securities and Investments Commission (ASIC). This makes FBS broker a trustworthy broker.
Customer Service
FBS broker provides 24/7 customer service. FBS offers several ways to reach support, including live chat, email, phone, and even via popular messengers like Telegram and Facebook.
Trading Tools
FBS broker provides traders with great tools like Forex calculators and Forex economic calendars.
Demo Accounts
FBS broker provides traders with demo account to trade with. You can trade with up to $1 million virtual currency with the demo account. But we do not recommend traders trade with this much. If you are trading with demo accounts, your virtual currency should be the same amount as the real cash you have to trade with.
Is this broker legit?
FBS broker is a legit broker regulated by tier 1 regulators such as ASIC. FBS broker provide a range of financial instruments for trading. They also provide you with massive leverage and with decent spreads on major financial instruments. FBS, in fact a legit broker.
Conclusion
In this detailed FBS Broker review, we reviewed each of the critical aspects of this broker. FBS Broker is a great broker that provides you with a range of financial instruments to trade with. FBS broker is also regulated by top tier regulators such as the Australian Securities and Investment Commission (ASIC).
