FBS at a glance
FBS is a global broker with 27 million traders worldwide. Known for their beginner-friendly approach, generous bonuses, and very low entry barrier with cent accounts starting from $1.
FBS reports a founding year of 2009 and a head office in Belize City, Belize. It lists 1 regulator and 3 trading platforms.
BrokerBazaar verdict
FBS holds genuine CySEC and ASIC licenses, but most global clients trade under its lightly regulated Belize entity — and a recent spike in complaints alongside a Malaysia regulatory alert warrants real caution.
Legal entities, regulation and licences
FBS operates through 3 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by at least one strict-tier regulator.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
FBS states that it accepts clients from India, Indonesia, Malaysia, Thailand, Egypt, Nigeria, Brazil, Vietnam. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: not disclosed. Platforms: FBS app, MetaTrader 5, MetaTrader 4. Account types: Cent, Standard, Micro, Zero Spread, ECN.
Best-for tags assigned by our team: Beginners, Low Deposit, Copy Trading, Crypto.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $5. Spreads start from 0.7 Pips and commission is $0 (Standard). Maximum leverage is 1:3000 (dynamic), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit Card, Skrill, Neteller, Perfect Money, Crypto. Withdrawal methods: Bank Transfer, Credit Card, Skrill, Neteller, Perfect Money.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account: CySEC: Segregated under MiFID II client-asset rules. Compensation: ICF — up to €20,000 per client. ASIC: Held in segregated client trust accounts under the Corporations Act. Compensation: No central scheme; AFCA handles disputes.
Complaints and dispute process
Formal complaints: complaints@fbs.eu. Phone: Not available. Complaints can be submitted through the client account or by email to complaints@fbs.eu. The Compliance Department reviews and investigates each complaint, then informs the client in writing of the outcome. If unsatisfied with the resolution, clients may escalate to the Financial Ombudsman of the Republic of Cyprus.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Ultra-low $1 minimum deposit
- Strength: Cent accounts for practice
- Strength: Very high leverage up to 1:3000
- Strength: Regular bonuses and promotions
- Strength: Good mobile trading app
- Limitation: Weaker regulation compared to top-tier brokers
- Limitation: Higher spreads on basic accounts
- Limitation: Limited advanced analytical tools
Who this broker suits, and who it does not
FBS is most relevant to traders looking for: Beginners, Low Deposit, Copy Trading, Crypto.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence but would be onboarded by an offshore entity, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
FBS change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for FBS yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about FBS
Data sources. Broker submission, the regulator registers linked above, FSC Belize register, web-archive and domain records, and third-party traffic data. Last register check 2026-07-26. External ratings: Trustpilot 4.3/5; WikiFX 1.66/10; Forex Peace Army 2.5/5; Google Play Store 4.6/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with FBS through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.