FBS Review 2024

Regulations: FSC (Belize), CySEC (Cyprus), ASIC (Australia)

Instruments: Forex, Precious Metals, Indices, Commodities, Stocks

FBS provides a simplified account structure, offering one live account type with a minimum deposit of just $5, making it accessible for traders of all levels. The account features floating spreads starting from 0.7 pips, leverage up to 1:3000, and a minimum trade size of 0.01 lots. Additionally, traders can open demo accounts with no expiry to test strategies in real market conditions using virtual funds. FBS also offers an Islamic account option for those adhering to Sharia law, which eliminates interest charges. With up to 500 open positions allowed and a wide range of order volumes, FBS is ideal for both beginner and advanced traders.

FBS offers a minimum deposit starting at $5, providing accessibility for traders. The platform supports a wide range of payment options, including Visa, Mastercard, Skrill, Neteller, and cryptocurrencies like Bitcoin and USDT (TRC20 and ERC20). Deposits are typically instant, except for wire transfers. Withdrawals are processed quickly, with credit/debit cards handled the same business day, and Skrill or Neteller processed within 15-20 minutes, up to a maximum of 48 hours. FBS does not charge deposit or withdrawal fees, though external processors may apply fees. The broker complies with AML regulations, ensuring secure transactions and requiring identical account names for trading and payment processing.

FBS offers a commission-free cost structure with competitive floating spreads starting from 0.7 pips on major currency pairs, such as EUR/USD, with spreads averaging 0.9 pips. Traders can use the FBS Trading Calculator to analyze trades before entering. FBS does not charge internal deposit or withdrawal fees, though third-party processing and currency conversion fees may apply. Additionally, FBS does not charge inactivity fees, making it more appealing to traders who take breaks. While spreads on FX pairs and stocks are competitive, indices spreads, such as 5.92 points on the Dow Jones 30, are higher than industry standards.

During my FBS review, I found that no bonuses or promotions were currently available for traders. However, FBS offers an attractive multi-tier partnership program, which I highly recommend for those looking to earn passive income. This program allows partners to earn up to 43% of the trading fees FBS collects per trade. With over 700,000 partners already participating, the FBS Partnership Program has paid out more than $1.5 million in commissions monthly. While bonuses may be absent, the partnership program provides a lucrative alternative for traders and affiliates alike.

Education

FBS offers a comprehensive educational platform designed for traders of all experience levels. The FBS Academy provides well-structured beginner courses in multiple languages, while seminars, webinars, trading tutorials, and the Trader’s Blog offer additional learning opportunities. For more advanced traders, FBS offers actionable analytics, including VIP Analytics, available to those depositing $500 monthly. FBS also provides an economic calendar, trading calculators, and a dedicated Telegram channel for market updates and technical analysis. Additionally, EU clients benefit from access to Forex TV, where expert analysis and financial news are provided. FBS’s educational resources rank among the best in the industry, making it ideal for beginners.

FBS aims to provide trading services to a global audience while adhering to international regulations. As such, the platform is accessible to clients from numerous countries, but there are specific restrictions in place to comply with legal requirements.

Allowed Countries

FBS welcomes clients from a variety of regions, allowing traders to benefit from its diverse range of financial instruments and competitive trading conditions. Some of the notable allowed countries include:

• United Kingdom
• Germany
• Australia
• Singapore
• South Africa
• Philippines
• Thailand
• Brazil
• India
• Many countries within the European Union

Restricted Countries

To maintain compliance with global financial regulations, FBS restricts clients from certain countries. The following countries are not permitted to open trading accounts with FBS:

• United States
• Canada
• Japan
• Belgium
• Iran
• North Korea
• Afghanistan
• Syria

Individuals residing in these countries are prohibited from trading with FBS due to legal restrictions and regulatory compliance. It is essential for potential clients to verify their eligibility before attempting to register for an account.

For the most accurate and up-to-date information regarding allowed and restricted countries, it is advisable to visit the official FBS website or contact their customer support team directly.