Skip to Content

FBS – Broker Review and Trader Opinions

4.5 / 5

FBS Markets Inc. is a multi award winning forex and CFD broker located in Majuro, Marshall Islands. It was founded in 2009 and since then, it has grown to become a global brand.

1. General Information about FBS Markets

FBS Markets Inc. is registered in Belize with the Registration No. 119717. It is regulated by the International Financial Service Commission (IFSC) license no. IFSC/60/230/TS/18.

FBS states that it executes client orders within 0.4 seconds and that requotes are impossible. This is because the broker offers market executions without a dealing desk. It uses a hybrid model combining ECN and STP brokerage models to process orders.

FBS boasts of 12 million traders and 370, 000 partners from over 190 countries. The official website ( is available in 18 languages.

2. Advantages and disadvantages

No Leverage Cap: FBS offer traders very high leverage up to 1:3000 for Standard and Zero spread accounts. This is one of the highest among forex/CFD brokers. Traders who feel choked by the 1:30 leverage cap in the EU have found brokers that offer no leverage restrictions very comfortable to use.

Regulated Broker: FBS is regulated by the IFSC in Belize. The broker has been in operation for almost 10 years and has earned the trust of traders all over the world. Industry watchers and reputable organizations have given FBS awards for excellent services. The broker affirms that about 7,000 traders’ and partners’ accounts are opened every day.

Modern Trading Platforms for All Trader Levels: FBS provides platforms suitable for all levels and styles of trading. Professional traders who perform technical analysis and trade with Expert Advisors (EAs), Virtual Private Server (VPS) and forex indicators will find this broker services apt for their trading activities. Newbies will also find FBS services apposite because the broker provides training materials, a demo account and intuitive trading platforms.

US Clients Not Accepted: FBS does not provide its services to clients who live in Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

Limited tradable assets: For an ECN broker, FBS offers very few assets compared to other ECN brokers. Most ECN brokers offer thousands of stocks, CFDs, indices, ETFs, etc from different exchanges across the world.

3. Underlying Assets

FBS offers tradable assets in 5 asset classes: forex, metals, CFDs, cryptocurrencies and stocks. Here are the details of the asset listings on FBS.:

Currencies: There are about 35 currency pairs available for trading on the platforms. This cuts across the major, minor and exotic pairs.

CFDs: Only 3 CFDs are available for trading. They are WTI Crude oil (WTI), Brent crude oil (BRN) and DAX 30. Trading on CFDs is not available for ECN account holders.

Metals: Only four precious metals are available for trading. They include palladium, platinum, silver and gold. Metals trading cannot be done with an ECN account.

Cryptocurrencies: 4 cryptocurrencies can be traded on the FBS platforms. Cryptocurrencies can only be traded from the Cent and Standard accounts.

Stocks: There are 33 stocks pooled from the US exchanges. Amazon, Apple, Ebay, Facebook and Google are popular stocks you will encounter on FBS. Stock trading is only available to Standard and Cent account holders.

4. Trading Platform

The platforms provided for FBS Clients are: MT4; MT5.

MT4 is the most widely used trading platform among forex traders all over the world. This is because of its user-friendly interface and powerful tools. It has features that support fast order executions, risk management, pending orders and account management. The MT4 also has tools for technical analysis; 30 indicators, 9 timeframes, Charts, drawing tools and tons of other tools. The platform supports automated trading through the use of Expert Advisors (EAs). FBS provides the WebTrader version of the MT4. This version requires no downloads or installations. All that is required is a device that has a web browser.

The MT4 is also available as a downloadable desktop application for Windows PC and MAC operating systems. The MT4 Multi-terminal which is used to manage multiple accounts is also available. FBS probably uses an MT4 bridge to be able to offer STP with this platform.

MT5 is the latest trading software from the same company (MetaQuotes Software Corporation), and has been designed to eventually replace the MT4. It has extended features when compared to the MT4. It has complete tools for fundamental and technical analysis. It has 21 timeframes, 38 indicators, an economic calendar, multiple charts, etc.

FBS also provides the MT5 as a WebTrader and downloadable versions for MAC OS and Windows PC.

5. Mobile Trading

Both the MT4 and the MT5 platforms have mobile apps designed for trading on-the-go. With the mobile apps, a trader can monitor the market prices, place trades, follow the news, manage accounts, view accounts and order history, and also perform technical analysis. The MT4 and the MT5 are separate apps designed for android and iOS devices. All the four apps are downloadable from their respective app stores.

6. Demo Account

FBS provides a demo account for all it clients. The demo account is a practice account designed for traders to experience the market conditions, trading platforms and test their strategies in a risk free trading environment. The FBS demo account is available on the MT4 and the MT5 platforms and it is preloaded with virtual capital of up to $1,000,000.

To open a demo account, click on the “Demo account” button found on the homepage of the website and fill the form that displays. A confirmation email is sent to your email address. Verify the email and then login. In the members’ area, create the account type and select the amount of virtual funds needed for trading. The demo account is created. Download the appropriate platform and commence trading.

7. Account Types

FBS offers a wide range of accounts depending on trader capital, trading technology and leverage desired. Multiple accounts can be opened by a trader in either USD or EUR. The following account types are provided by FBS:

  • Cent Account
  • Micro Account
  • Standard Account
  • Zero Spread Account
  • ECN Account

The Cent account requires a minimum initial deposit of $1 and it features floating spreads from 1 pip. The maximum leverage obtainable is 1:1000. The market execution model utilized is straight through Processing (STP) and orders are executed within 0.3 seconds. This account is designed for new traders who wish to test their strategies on a live account.

The Micro account features fixed spreads from 3 pips. The account opening balance is $5. The maximum leverage obtainable is up to 1:3000. Orders are executed within 0.3 seconds.

The Standard account is the basic account designed for normal traders. The FBS charge is built into the spread as no commissions are charged. 1:3000 is the maximum leverage that can be obtained from this account. Orders are executed at speeds as fast as 0.3 seconds.

The Zero Spread account is designed for traders who do not wish to incur spread charges but rather choose to pay commissions on trades. The spread is fixed at 0 pips and a commission of $20 is charged per lot. The orders are executed at an average speed of 0.3 seconds.

ECN Account is for traders who desire to have direct market access to liquidity providers and exchanges. This account features floating spreads starting from 1 pip. Leverage on trades can be up to 1:500 and a commission of $6 is charged.

8. Opening an Account

It is easy to open an account with FBS. Just click the “open an account” button found on almost every page on the website. A form displays, enter your email, name, accept the customer agreement and private policy, and click on “open an account.” A temporary password is assigned to the new account and you are asked to change the password. Next, is email verification via a link sent to the supplied email address. After verification, the account is created and the MT4/MT5 logins details are issued to the new user.

9. Funds Withdrawal

To withdraw funds from FBS, the client account must be completely verified. Know Your Customer (KYC) documents must be scanned and uploaded. A withdrawal request can be made from the members’ area. The following withdrawal methods are available:

Visa Card: The withdrawal commission is $1 and it takes a maximum of 48 hours.

Neteller: FBS takes a commission of $2. The minimum commission is $1 and maximum is $30. Withdrawal transactions take up to 48 hours.

Skrill: The withdrawal commission is 1% plus €0.29. It takes up to 48 hours for complete processing.

Perfect Money: FBS commission is 0.5% and takes a maximum of 2 working days.

Bitwallet: This is available for only JPY currency and the commission varies. The withdrawal is instant.

FBS also has local exchangers that can be used for account transactions.

10. Trader Training

FBS provides complete trader education. Here are the trainings available:
Forex guidebook: This is a series of articles on forex trading. It is divided into Beginner, Elementary, Intermediate and Experienced levels.

Forex Books: This is a library of books recommended for traders by FBS. There are over 100 books in the collection. Most of the books can be bought from

Tips for traders: This section of the website comes up periodically. It focuses on how to avoid mistakes when trading, strategies and general tips to become a successful trader.

Free Webinars and seminars are advertised on the website periodically.

Video Lessons: This comprises of about 21 lessons on forex trading, 9 lessons on FBS services and 6 lessons on MT4.

A glossary defining and explaining relevant trading terminologies is provided.

11. Should I Trade With FBS?

Yes. Over 12 million people across the world cannot be totally wrong. FBS has the experience, capacity and the technology to provide a conducive trading environment for its clients. Every style of trading is supported. Account opening is fast and easy. With a minimum of $1, live trading can commence. Traders will also find the leverage provisions suitable for trading. In summary, FBS is recommended for new and expert traders.

Reviews on FBS

Comments about FBS
( 29 )
User rating: 4.0 / 5

Comments: 29

  1. avatar
    Herman Torrelavega

    I had a problem with MT5 because i could not log in for Demo cent trading using my Meta trader login ID (7 digit number).

    In exasperation I later typed (which I used to register at but is not my Meta trader ID) and the system allowed entry on the platform.

    But I still cannot find a way to trade nor enter any demo amount for trading.

    I will study it some more then may try my luck with MT4 and see if I can trade with Demo cent.


    • avatar
      Jimmy loof

      Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It’s hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I’m not here to converse much but to share my testimony; I have made total returns of $10,500.00 from an investment of just $1000.00 within 1 week. Thanks to Mr Bernie I’m really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : [email protected] bitcoin is taking over the world, tell him I referred you


  2. avatar

    Follow up comment- I finally was able to log-in at
    the demo feature of Meta Trader5 in

    Not sure if the feature was previously available when
    I had difficulty to login, but the dropdown box at that
    time on option for regular or else demo trading was
    shaded and could have been mistaken as inactive

    Anyway the site facilities are very good and I am
    voting 5 stars for it.

    I am a newbie in forex trading though, and have
    difficulty trying to locate result of demo trading
    or demo trading history if there is available.


  3. avatar

    After being in depression for so long trying to recover my lost funds to IQ option scam, I searched on different forums to read other victims stories and luckily one day i read a story about Johnson Oliver the read on how some victims got their money back.This recovery expert out there legit and not all these fake recovery company lying just to scam people the more. I contacted him on his personal Gmail {[email protected]} And i surprised by his timely response and the way he handle the recovery process after providing evidence to back up my claim. long story short. i got my $40400 back from Tor options. To everyone out there, this is real.. Give him a try


  4. avatar

    Some people say that binary options broker are scam, I can boldly say that is not true their are still good people out there, I lost my hard earn money to fake broker who ripped off my money and I never saw them again. not quite long I was referred by a friend of mine to one Mr Fabian lenaerts for assistance with his master class intelligence and strategy he helped me recover all my lost funds from that heartless broker and a successful withdrawal. He is an expert when it comes to recovery of lost funds and trading of any kind, free and accurate signal, 100% winnings and instant withdrawal, I’m a living testimony. now I know there are still real and good people out there you can trust and invest with. You can contact him for assistance and on how profitable trade is made through his Gmail [email protected] For more information


  5. avatar
    nadeem Sohail

    I got my Invested monies all back, always make sure you are Trading with an Honest Broker not Lexatrade i fully recommend the Hockey Team in Crypto Ordeals through <


  6. avatar
    Oanh Jing

    It’s really so hard to believe that this company was set up to make people as well as investors to lose their funds and to regret their actions. I was so dumb to have associated myself with this scam scheme and i faced the consequences by losing some money at first , but I was reimbursed through the help of professionals from cp-investigation (.) com and I was told to be careful of most investment companies out there.


  7. avatar

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email gavinray78 gmail com or WhatsApp ‪+‪1 (352) 322‑2096‬.


  8. avatar

    Min depo of $5 was a decisive factor for me when I chose this broker.
    I didn’t want to deposit a lot of money at the beginning. Plus the broker gives great value for money.


  9. avatar
    Praboo Navaratnam

    This is my positive FBS review.
    Why positive?
    I’m satisfied with all trading conditions I received after opening trading account. I especially like size of leverage. It is really excellent. I can make more profit with a small deposit. But of course I use stop losses. By the way, I place them at a distance three times less than distance to take profit.
    So I have moderate risks and big profit.


  10. avatar
    James blood

    If you have experienced substantial financial loss as a result of fraudulent binary option investments, it is important to file a complain about the scam broker and obtain a chargeback service in getting back your asset, I recommend gryphon solicitor as a reliable recovery firm proceeding with their assistance in recovering your asset. I have come across positive feedback about gryphonsolicitor. com, I have use there and gain positive outcome and would recommend them which may be worth exploring in securing a legal chargeback service.


  11. avatar
    Phisan Mahagitsiri

    I wanted to scold this broker when these were my very first days of trading on the platform, but then when I started making profits, I thought like “what to scold the broker for?” 😀
    So, here I am to praise it for such a cool trading infrastrcture. I understand now that I was just not skilled enough to estimate the broker’s offer decently. Keep going, FBS, you are great guys!


  12. avatar
    Chatri Leekpai

    this is a friendly broker, it’s my real pal.
    contact daily with client support, they always help me to sort things out about different peculiarities. guys hired a team of professionals.


  13. avatar
    Carlos Cavalcanti Alves

    I love trading fast with tight spreads on MT4. wish they had a lot of cryptos tho,,


  14. avatar
    Jay Doris


    Good day Audience, I want to use this great medium to announce this information to the public about Mr MORRIS GRAY. few months back, I was seeking an online BTC investment plan when I got scammed for about $172,000. I was so down and didn’t know what to do until I came across a timeline about Mr MORRIS GRAY. so I reached out to him and to my greatest surprise, they were able to recover all the funds which I had previously lost to the Devils. I am so glad to share this wonderful news with you all because it cost me nothing to announce a good and reliable Hacker as Mr MORRIS GRAY, His direct email is Morris Gray 830 at gmail dot com, WhatsApp: +1 (607) 698-0239…..!!


  15. avatar

    You can deposit money and trade but When you want to make withdrawal of your funds they seem to reject it, Which means you can accumulate ur asset on their page , After asking for a withdrawal, I sent another email, but I got no response. When I contacted Gavin ray a recovery specialist for assistance, he looked into the matter and made the necessary arrangements, so I had to take the proper steps in order to receive my money back. He gave me a full refund of the money that was held on the platform via his mail Gavinray78 gmail. com or WhatsApp +13523222096 ,It was a negative encounter with the platform


  16. avatar

    simplicity in everything is like a motto, of FBS.
    simple signing up. simple verification, simple trading. well, not THAT simple, but at least no difficulties in navigation on the platform arise.


  17. avatar
    Narquise Lindsey

    Guys I sent trading orders in some trading insruments-they’re executed well.
    I also scalped eur/usd – it made ma day. It was all via FBS.
    AInt gnna complain much but having bonds to trade d be dope.


  18. avatar
    Tulio Macias

    Having read various reviews on FBS I have read a lot about them too and come up to this conclusion.
    The broker offers a wide variety stocks to trade.In this environemnt when the stock market is back to bull mode, it is essential to have access to various equities. Other markets are presented as well!
    Moreoverer, the swaps and spreads on stocks are really low.
    Awesome job for the broker.


  19. avatar
    Elizabeth jones

    Most binary option platforms tend to be unregulated you can deposit more and more without getting your withdrawal, I was able get my withdrawal issues solved immediately with the help of Gavin ray, he has done so well for me when I reached out to him on his mail [email protected] or WhatsApp +13523222096


  20. avatar
    Josefina Delapaz

    I was shocked for real when noticed that there was only one account! But POSITIVELY!????
    It really helped me not to get confused as I am not that skilled at trading. But, continue working on conditions!


  21. avatar
    axel c.

    FBS is a wonderful broker honestly. I think trading with the platform has many advantages.


  22. avatar
    julian Delgado

    Trading with the leverage has really made my trading interesting. This is a kind of trading not for everyone… The tension of using such leverage is on another leel.


  23. avatar

    I strive for more favorable trading conditions and I like that this broker set up my trading conditions so that I get maximum benefit from my trading.

    I trade 0.02 – 0.04 lots depending on the situation, but thanks to the leverage I get significant profit.


  24. avatar
    Suriawati bin Dara

    Apart from other things,, that made me trade with FBS in the first place regarding the trading terms and its reliability as a broker, there is another thing that I want to highlight. It is the daily Market insights they provide. I discovered the usefulness of their analyses only when I started trading on this platform and they have proven to be helpful.


  25. avatar
    Enzo Pacheco

    i luv how focused I am on FBS. The 1 account system is d best thing dat ever happened on this platform. I apreciate how dey givin their traders their best all in one place????


  26. avatar
    Henry J.

    My brief FBS review would be::
    Reliable platform with cost-effectiveness as their strong side.


  27. avatar
    Triston Wilderman

    Set up finally VPS server that I wanted to use before. Well, it kinda works well as per my expectations.
    Now I have some additional strong sides like:
    -I am guarded from power and connection malfunctions
    -Quick and robust connection to the trading engine

    However, I think that the deposit requirement for this feature is somewhat high. Moreover, this virtual private server is only free during the first month, then there are some terms to meet for it to remain free…


  28. avatar
    Santiago Brito

    The broker is suitable for trading fx pairs. There are not just majors but some exptics I have never traded before.
    Exotic pairs are hard to trade initially, but they can bring a lot of opportunities.


Leave a comment