FBS Broker Review

FX Scouts By Jeffrey Cammack Updated: February 16, 2020
Overall Rating
3.87 / 5
Min. DepositUSD 1
Max. Leverage30:1
Min. Spread0.0 pips
RegulatorsCySEC,IFSC
Regulator Origin CySEC IFSC
Broker TypeECN/STP

Summary

FBS offers tight spreads, a simple account structure and support for both versions of MetaTrader. Education and market analysis are both excellent and 24/7 customer service is great news for beginners.

The trading conditions on the Cent Account are exceptional for such a low minimum deposit and should ensure a steady influx of new traders. FBS offers its customers great-value account options, a generous no-deposit bonus and trading on more than 46 instruments, including cryptocurrencies, metals and 35+ Forex pairs.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 1
Base currenciesEUR, USD
Number of FX Pairs37
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.8
GBP / USD0.7
USD / JPY1

Company Details

Company nameFBS Markets Inc
Founded2009
Website Visit Website
TypeECN/STP
RegulatorsCySEC,IFSC
Office locations China, Laos, Thailand

Deposit & Withdrawal Methods

Supported Platforms for FBS

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.87 / 5 4.49 / 5 4.38 / 5
Minimum DepositUSD 1USD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
Broker TypeECN/STPECN/STPMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs375157
Crypto Pairs442
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 4.5 / 5 3.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 4.5 / 5 5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 4 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1500:1500:1
Spread0.0 pips0.0 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Cent (Mini)
  • ECN (Professional)
  • Islamic
  • Micro (Mini)
  • Standard (Standard)
  • Zero Spread (Professional)
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
  • Micro (Mini)
  • Standard (Mini)
  • XM Ultra Low (Mini)
  • XM Zero (Standard)
Swap Free Yes Yes Yes
Trading Platforms MT4, MT5 MT4 MT4, MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 6 USD / lot - ECN Account 6 USD / lot - Zero Account 7 USD / lot - XM Zero Account
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FBS

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Overall Rating 3.87 / 5 4.49 / 5 4.38 / 5
Minimum DepositUSD 1USD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
CySEC CySEC
FCA FCA
ASIC ASIC
IFSC IFSC
Broker TypeECN/STPECN/STPMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, BondsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs375157
Crypto Pairs442
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 4.5 / 5 3.5 / 5
Trading Platforms 4.5 / 5 4 / 5 4.5 / 5
Deposit & Withdrawal 3 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 4.5 / 5 5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4.5 / 5 4 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1500:1500:1
Spread0.0 pips0.0 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Cent (Mini)
  • ECN (Professional)
  • Islamic
  • Micro (Mini)
  • Standard (Standard)
  • Zero Spread (Professional)
  • Auto (Standard)
  • HFCopy (Standard)
  • Islamic
  • Micro (Mini)
  • Premium (Standard)
  • Premium Pro (Vip)
  • Zero (Standard)
  • Micro (Mini)
  • Standard (Mini)
  • XM Ultra Low (Mini)
  • XM Zero (Standard)
Swap Free Yes Yes Yes
Trading Platforms MT4, MT5 MT4 MT4, MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission 6 USD / lot - ECN Account 6 USD / lot - Zero Account 7 USD / lot - XM Zero Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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