FBS Review 2022: Safe Or Scam Broker? Let’s Checked



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FBS is the trading partner of FC Barcelona and works under the FBS Markets Inc. One of the financial brokers online offers a range of services to access better market opportunities.

It was introduced in 2009 and has quickly gained momentum over the years. With its multiple regulations and sterling market reputation, it is the best choice available for traders.

To learn more about the broker and trade smoothly, we have an FBS review that gives a detailed overview of the broker and helps traders understand its pros and cons. So, let’s evaluate the broker and know why it’s best for trading.

FBS Broker It Is A Scam?

The FBS broker operates under the brand name of FBS Markets Inc. and is registered with the number 119717. Moreover, the broker is regulated by the Cyprus Securities and Exchange Commission for the EU and UK clients; the Australian clients have the rules of the Australian Securities and Investments Commission (ASIC), and the other international trading investors have the IFSC regulation. 

The license number of CySEC is 331/17, for IFSC license number is IFSC/60/230/TS/18, and for ASIC, the license number is 426359. With so many regulatory bodies and rules to secure the trade, investors can have a legitimate trading experience. Thus, an FBS broker is not a scam. 

Pros and Cons

Trading with brokers is in hype as they have the best services that aid traders and make most of their investments. But getting a small overview of what makes it best and what is worst is not possible. Below we have an overview of the broker, listing all the pros and cons. This will give traders a brief idea if they can invest with the FBS broker: 


  • Regulated broker 
  • Trading platforms
  • MetaTrader4 and MetaTrader5 
  • Low minimum deposits 
  • Competitive spreads
  • Cryptocurrency trading account 
  • Promotions and bonuses facility 


  • Less trading options and accounts 
  • Commission on the trading of global firms 

Trading Account Types?

The wider the options and more precise the choice, the FBS broker has a range of trading accounts which makes it easier for investors to trade with the account that supports their goal. FBS broker has six types of trading accounts: 

  • Cent account 
  • Micro account 
  • Standard account 
  • Zero spread account 
  • ECN account 
  • Crypto account 

In the paragraph, the trading accounts are discussed one by one, giving the details of services offered in each. So, here we have the six trading accounts of FBS brokers. 

Cent Account

The cent account of an FBS broker is the basic trading account, an initial account for the beginners of forex trading or other markets. With the cent account, traders get to know the market, its products, and services that help the traders achieve their goals. The account has some significant features that make it unique from other trading accounts of FBS. Below mentioned are the features of the cent account: 

  • Minimum deposit of $1
  • Floating spread from 1 pip 
  • Zero trade commission 
  • Maximum leverage of 1:1000
  • Open positions and pending orders of 200
  • Market execution from 0.3 sec STP 
  • A demo account 
  • MetaTrader4 and MetaTrader5 
  • Order volume 0.01 to 1000 cent lots

Micro Account

The micro account is for traders who want to calculate their profits precisely. The traders of micro accounts can enjoy several services and features of FBS brokers. The account is not for the professional traders but for the ones who have some trade knowledge and want to earn profits to be successful traders. With such a trading account, investors have the following advantages: 

  • An initial deposit of $5 
  • Fixed spreads from 3 pip 
  • Zero trade commission 
  • Maximum leverage 1:3000
  • Highest open positions and pending orders of 200
  • Order volume from 0.01 to 500 lots 
  • Market execution from 0.3 second STP 
  • 100% best bonuses 
  • MetaTrader4 
  • A demo account 

Standard Account

The standard account is for the experienced players of the financial markets. The account is best for the traders looking for a traditional trading account. Investors can enjoy competitive spreads, no commission, leverage, bonus, and many more services that make the trade comfortable. Here we have the features of a standard account: 

  • Minimum deposit of $100
  • Floating spread from 0.5 pip 
  • Maximum leverage of 1:3000
  • Zero trade commission 
  • Maximum open positions and pending orders 200
  • Order volume 0.01 to 500 lots 
  • Market execution 0.03 seconds STP 
  • Attractive bonuses 
  • MetaTrader4 and MetaTrader5 
  • A demo account 

Zero Spread Account

The speed is sometimes what kicks the investors, and for a fast trade, FBS has a zero-spread account. The account is designed for such traders who want fast trade executions and enjoy the market benefits. As the name says, the account has zero spread charges which make it different from other accounts. Mentioned below are the trading accounts features: 

  • MetaTrader4 
  • Maximum deposit of $500
  • Fixed spread zero 
  • Trading commission of $20/lot 
  • Maximum leverage of 1:3000
  • Maximum open positions and pending orders 200
  • Order volume of 0.01 to 500 lots 
  • Market execution 0.03 seconds STP 
  • 100% deposit bonus and level-up bonus 
  • A demo account 

ECN Account

ECN is an advanced, technically sound trading account of the FBS. The Electronic Communication Network (ECN) makes it a good choice for professional traders. The account provides the best trading conditions for the investors and trades directly without involving any third person. The account has the following services to offer: 

  • MetaTrader4 
  • 25 Currency pairs
  • Demo account option 
  • ECN Market execution 
  • Maximum leverage of 1:500
  • Commission of $6
  • Order volume of 0.01 to 500 lots
  • No trading limits on open positions and pending orders
  • Floating spreads from 1 pip 
  • An initial deposit of $1000

Crypto Account 

The crypto account is a new addition to the trading market. FBS has provided the service for cryptocurrency traders with low spreads. The account is not very complicated or has high requirements to begin the trade. Investors can easily begin their trade-in cryptocurrencies with the following trade services: 

  • Minimum deposit of $1
  • Floating spread from 1 pip
  • Trade commission of 0.05% for the opening and closing positions 
  • Maximum leverage of 1:5 
  • Maximum open positions and pending orders 200
  • Market execution of 0.03 second STP
  • Order volume of 0.01 to 500 lots 
  • Supports more than 100 instruments 
  • Demo account option 
  • MetaTrade5 

Account Opening Process?

To create a trading account with the broker, investors have to follow some simple steps. Below we have mentioned the steps for easy trading of the clients. Traders with some steps can hold a trading account and make investments that fulfill their trade goals. 

The initial step of opening a trading account is to visit the website www.fbs.com and get registered. For registration, traders can use social media accounts or manually enter the information. 

Traders have to fill out the form with their name, contact number, email address, country code, and password. Once registered, the next traders have to provide further details related to identity proof, income source, tax details, etc. 

The third step is to answer the questions relating to the previous year’s trade experience if any and other trade-related questions. This helps the broker have an idea about the knowledge of the trader, and they can provide the best trading facilities. 

The following step after the questionnaire is uploading the documents. Traders have to upload their documents for verification purposes. Broker verifies the traders with the help of documents and allows them into the trading account. 

The fifth step is selecting the trading account which is best for the trader. Traders can trade with the demo account to practice the trade. 

The last step is to deposit the funds and begin trade.

Trading Platforms Types?

FBS broker has two significant trading platforms, the MetaTrader4 and MetaTrader5. These two are the best trading platforms globally as most forex and other market traders prefer these above any other training platform. MetaTrader4 and MetaTrader5 are the software of the same company introduced in the market at different times. 

MetaTrader4 was founded in 2005 by MetaQuotes as the tool for forex market traders. But gradually, due to the flexibility of the software, it is used by most investors in all market sectors. It has the following services to offer for market prediction and easy trading:

  • Works with Mac, iOS, and Android devices
  • Easily downloadable 
  • Encryption of data
  • Expert advisors 
  • 50 technical analysis tools 
  • Indicators 
  • Charting tools 
  • One-click trading 
  • News and updates 
  • 4 types of pending orders
  • Hedging 
  • VPS support service 
  • Customization 

MetaTrader5 is the software that was introduced after MetaTrader4 in 2010 but is not an extension. It has advanced services and tools that make the market predictions easier. The traders with MT5 can enjoy the given services with FBS: 

  • More versatile software 
  • Wider analytical tools 
  • Additional timeframes 
  • Option to create technical indicators 
  • Expert advisors 
  • 90 technical tools 
  • Indicators 
  • Charting tools 
  • One-click trading 
  • News and updates 
  • 6 types of pending orders
  • Economic calendar 
  • Hedging 
  • 21-time frames 
  • VPS service support 
  • Customization 

Trading Instruments?

The trading instruments available with the broker are many, and investors can have access to the following markets: 

  • Forex 
  • Metals 
  • Indices 
  • Energies 
  • Stocks 
  • Forex Exotic 
  • Crypto 

Commission and Spreads?

FBS broker has zero trading commission for the trading accounts of the beginners of the market, but with the professionals and users of advanced services, the broker charges some commission given below: 

  • Cent account: $0 
  • Micro Account: $0
  • Standard account: $0
  • Zero spread account: $20/lot 
  • ECN account: $6
  • Crypto account: 0.5% on opening and closing positions 

Spreads are the space between the buy and sell price of the instrument, which are called the bid and the ask price. The spreads charged with the account are different, and traders can have the following spreads for the account: 

  • Cent account: The floating spread of 1 pip
  • Micro account: Fixed spread of 3 pip
  • Standard account: The floating spread of 0.3 pip 
  • Zero spread account: zero spread
  • ECN account: Floating spread from 1 pip
  • Crypto account: Floating spread from 1 pip


The leverage is the facility that brokers offer for trading at high market positions. Traders can use the leverage ratio according to the requirement and open in the market at higher positions. As the leverage gives a high position, then the initial investment the risk of the trade is also increased. 

The accounts have the following leverage facilities: 

  • Cent account: 1:1000
  • Micro account: 1:3000
  • Standard account: 1:3000
  • Zero spread account: 1:3000
  • ECN account: 1:500
  • Crypto account: 1:5

Deposit and Withdrawal

The deposit and withdrawal of funds with an FBS broker is easiest as traders have no extra costs or transaction fees to pay. Traders can use whatever method of payment they find feasible. For deposit and withdrawal, traders can use e-wallets, banks, bank wire transfers and credit/debit cards. 

The process of the deposit is easy with no rules to follow; however, for withdrawal of funds, traders have to inform the broker in advance. Traders can use the following for deposit and withdrawal of funds: 

  • Skrill 
  • VISA
  • Perfect Money 
  • Neteller 
  • $S 

Education and Research

Education and research are important parts of trading for any investor and broker. These help the traders enhance their knowledge and understanding of the market. In addition, traders with the analysis tools are able to research trade and market fluctuations. For education, traders can use the following: 

  • Forex guidebook 
  • Tips for traders 
  • Webinars 
  • Video lessons 
  • Seminars 
  • Glossary 

For the research and analysis, traders have the given option: 

  • Forex news 
  • Daily market analysis 
  • Forex TV 
  • VIP Analytics
  • Economic calendar 
  • Forex calculators 
  • Currency convertor 

Customer Support?

The customer support team of FBS is available 24 hours to serve the traders or clients. They can be connected through various modes that are given at the website end. Traders have the given options to get in touch with the team: 

  • Social media platforms 
  • Messenger
  • Calling 
  • Telegram 

Final Verdict

Trading has been an attraction, and when done through a reputed and reliable broker, it gets more smooth and more successful. The clients of FBS brokers have ample services and tools to explore the market and find opportunities to invest. The trading tools, trading platforms, accounts, etc., make traders achieve their goals. But as the market is wide, traders should be careful with their investments. 

Clients can connect with the team to get support and answer their trading queries with FBS brokers.


How to open a trading account with an FBS broker?

To open an account, traders can have to follow the given steps: 

  • Visit website
  • Get registered 
  • Fill in information 
  • Answer questionnaire 
  • Upload documents 
  • Select account 
  • Deposit funds 
  • Start trading

Are trading instruments available with an FBS broker?

FBS broker has the trading instruments of the following markets: 

  • Forex 
  • Metals 
  • Indices 
  • Energies 
  • Stocks 
  • Forex Exotic 
  • Crypto
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