FBS Review

FBS is a popular forex and CFDs broker that was founded in 2009. Clients trade currency pairs and CFDs on metals and energies, stocks and indices on MetaTrader 4, MetaTrader 5 and FBS Trader. FBS clients have the choice of five trading accounts and leverage up to 3000:1. FBS is the international brand name for FBS Markets Inc which is licensed and regulated by the FSCA in South Africa, ASIC in Australia, CySEC in Cyprus and IFSC in Belize. FBS is regulatory-compliant and regarded as safe to use by forex traders in Africa.

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

250

☪️ Islamic Account

No

📊 Trading Fees

Low

Welcome bonus

$140 

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FBS

Is FBS regulated?

Yes, FBS Markets Inc is licensed and regulated by four top-tier authorities; the FSCA in South Africa, ASIC in Australia, CySEC in Cyprus and IFSC in Belize. FBS is a brand name for FBS Markets Inc and is a legitimate forex and CFDs broker.

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FSCA: Financial Sector Conduct Authority, South Africa

FBS operates in South Africa as a brand name of FBS Markets Inc, licensed and regulated by the Financial Sector Conduct Authority (FSCA). The FSCA is accountable for market conduct regulation and control in South Africa. The FSCA aims to improve and maintain the competence and reliability of financial markets in South Africa and to safeguard financial customers by fostering fair treatment by national financial institutions.

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ASIC: Australian Securities and Investments Commission

FBS operates in Australia under Intelligent Financial Markets Pty Ltd., licensed and regulated by the Australian Securities and Investments Commission (ASIC) and the Australian Financial Services. The ASIC is a self-governing commission of the Australian Government. The regulatory authority is mandated as the national corporate regulator of the financial sector in Australia to standardise company and financial services and apply laws to safeguard traders, investors and banking customers in Australia.

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CySEC regulates FBS Markets Inc under the name Tradestone Ltd. The Cyprus Securities and Exchange Commission (CySEC) is an autonomous regulatory authority in Cyprus responsible for monitoring and directing fair practice in the investment services market, and transactions in convertible security transactions in the Republic of Cyprus and the mutual investment and asset management sector.

The International Financial Services Commission (IFSC) is the legislative authority responsible for monitoring and regulating the financial sector in Belize. The IFSC is responsible for regulating all participants in the open financial market and exchanges and establishing and implementing financial regulation controls.

Is FBS regulated in South Africa?

Yes, FBS Markets Inc is regulated in South Africa by the Financial Sector Conduct Authority (FSCA).

Is FBS legit?

Yes, FBS is a legitimate forex and CFDs broker and electronic trading platform. FBS is a market name of FBS Markets Inc, which is licensed and regulated by four top-tier authorities. FBS operates under license to perform multi-asset trading services in over 150 countries with over 400 000 brokerage partners and some 16 million forex traders.

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

instant

Welcome bonus

$140 (Find out More)

🏛️ Visit Broker

FBS

FBS has launched a new type of account specifically for trading cryptocurrencies.

The new Crypto account has over 100 instruments with digital currencies.

BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

  • – Currency: USDT (Tether)
  • – Leverage: 1:5
  • – Initial deposit: from $1
  • – Commission on opening positions: 0.05%
  • – Commission on closing positions: 0.05%

What type of broker is FBS?

FBS is a hybrid No Dealer Desk (NDD) broker and offers STP and ECN accounts.

As an NDD broker, FBS provides an electronic trading platform that allows clients to trade directly with market participants using the interbank rates. An NDD broker guarantees traders that there is no conflict of interest with their trades. FBS makes money on the spreads and charges a small commission for certain services.

Is FBS a good broker?

Regarding security, state-of-the-art electronic trading platforms, research and education, FBS is rated highly as a trusted retail broker and is safe to use for forex traders in Africa.

FBS Security

In terms of security, FBS is regulatory compliant and regarded as safe to use by forex traders in Africa. FBS has implemented recognised processes to keep your information and money secure so you can trade forex and CFDs with peace of mind.

Regulated broker

FBS Markets Inc (FBS) is licensed and regulated by the FSCA in South Africa, the ASIC in Australia, CySEC in Cyprus and IFSC in Belize.

Negative Balance Protection

FBS provides Negative Balance Protection for its clients. FBS will automatically top up the balance to 0, and clients don’t pay anything if market volatility prevents them from keeping a positive balance on their trading account.

Two-step authentication

FBS requires two-step authentication to enhance the security of your trading platform’s information and to protect your deposits and personal information from hackers using SMS and backup codes.

Know Your Customer (KYC) checks

FBS is required by law to collect and verify certain personal information and execute Know Your Customer (KYC) checks. The rules governing these requirements, where applicable, include:

  • Financial Sector Regulation Act (Act 9 of 2017)
  • The Financial Intelligence Centre Act (2001) and the Amendment Act 2017
  • Protection of Personal Information Act (2013)
  • South African taxation laws
  • Corporation laws
  • Financial service laws

FBS trading platforms

FBS offers its clients a choice of three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and a proprietary platform called FBS Trader. All three FBS trading platforms are available as mobile apps.

MetaTrader 4

MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading but the company hit the jackpot with MT4.

Today, MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders.

MetaTrader 5

MetaTrader 5 (MT5) was developed by MetaQuotes Software Corp. and launched in June 2010. MT5 is not a new and improved version of MT4. It was created to broaden MetaTrader’s functionality from a single-market trading platform to a multi-market platform, offering traders an advanced trading platform to trade a broader range of financial instruments.

MT5 is a multi-asset platform that traders and investors use to trade forex, CFDs on stocks, commodities, cryptocurrencies, indices, and exchange-traded futures. MT5 provides traders with superior tools for comprehensive price analysis, algorithmic trading applications and copy trading. MT5 uses custom indicators and Expert Advisors for trading automation.

FBS Trader

FBS Trader is a proprietary trading platform app that offers the broker’s clients a convenient way to trade multiple financial assets. The proprietary trading app provides all the functionality of MetaTrader 4 but in a simplified format. FBS Trader is compatible with iOS and Android devices and is available from the App Store and Google Play.

FBS research and education

FBS supports its traders with an impressive array of forex analytics and educational material.

Market analytics Forex news

Daily market analysis

Forex TV

VIP Analytics

Trader tools Economic Calendar

Forex calculator

Currency converter

Forex education Forex guidebook

Tips for traders

Webinars

Seminars

Video tutorials

FAQs

What products does FBS offer?

FBS is a multi-asset forex and CFDs broker. FBS clients use MetaTrader 4 (MT4), MetaTrader 5 (MT5) or FBS Trader to access the global financial markets directly.

Forex Major, minor and exotic currency pairs
Metals and energy Brent crude oil, WTI crude oil, silver and gold
Stocks Apple, Amazon, Microsoft, Facebook, Tesla, Netflix etc.
Indices DAX, S&P500, US100 etc.

Does FBS offer social/copy trading?

Yes, FBS offers a copy trading platform called FBS CopyTrade app. You can download the FBS CopyTrade app to copy the best forex and CFDs traders and get detailed trader information in real-time. You enable the copy trading feature in your Personal Area.

Does FBS have Nasdaq?

Yes, FBS offers NASDAQ-100 (US100). US100 is traded as a CFD on the MT4, MT5 or FBS proprietary platform. The NASDAQ-100 (US100) assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.

What awards has FBS received recently?

The most recent accolades awarded to FBS include:

  • Best Broker Asia 2020: Capital Finance International
  • The Most Reliable Broker Mena 2020: The European
  • Best Broker Latam 2020: Global Banking & Finance Review

How to trade forex with FBS

Traders and investors cannot directly access the global forex market. They must trade through a trading platform hosted by a regulated forex and CFDs broker.

To start trading the financial markets with FBS, you need to register an account, choose a trading platform, select an account base currency and a leverage value. Once you’ve decided how and what you will trade, you can open an account that suits your trading strategy.

After signing up with FBS, you will receive your login credentials via email. By law, FBS is required to verify your account. Deposit funds into your trading account and start trading.

How to open a forex trading account with FBS

To open a forex trading account with FBS, follow the simple steps below:

  1. Open the official website for FBS
  2. Select OPEN ACCOUNT
  3. Proceed to the Personal Area to register a demo or live trading account
  4. Select a trading platform; MT5, MT4, FBS Trader
  5. Select a base currency; EUR or USD
  6. Deposit funds
  7. Start trading with FBS when your account has been verified and opened

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

instant

Welcome bonus

$140 (Find out More)

🏛️ Visit Broker

FBS

FBS has launched a new type of account specifically for trading cryptocurrencies.

The new Crypto account has over 100 instruments with digital currencies.

BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

  • – Currency: USDT (Tether)
  • – Leverage: 1:5
  • – Initial deposit: from $1
  • – Commission on opening positions: 0.05%
  • – Commission on closing positions: 0.05%

What types of accounts does FBS offer?

FBS offers six types of live trading accounts:

Cent account Minimum deposit

Spread

Leverage

$1

Floating from 1 pip

1000:1

Micro account Minimum deposit

Spread

Leverage

$5

Fixed from 3 pip

3000:1

Standard account Minimum deposit

Spread

Leverage

$100

Floating from 0.5 pip

3000:1

Zero Spread account Minimum deposit

Spread

Leverage

$500

Fixed from 0 pip

3000:1

ECN account Minimum deposit

Spread

Leverage

$1 000

Floating from 1 pip

500:1

Does FBS offer a free demo account?

Yes, FBS offers a free demo account on the MetaTrader 4 and MetaTrader 5 trading platforms.

Clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. An FBS demo account gives you access to the forex and CFDs market. You can trade in real-time under real market conditions but with zero risks of losing real money on a forex trade order.

Once beginner traders have spent time learning how to trade on a free demo account, they can progress to opening a live trading account.

Does FBS offer an Islamic account?

Yes, FBS offers an Islamic swap-free option on the Cent and Standard live accounts.

Deposits and withdrawals

How to deposit money into an FBS trading account

You can deposit funds into an FBS trading account in multiple ways:

  • credit or debit cards
  • electronic funds transfer (EFT)
  • virtual wallets such as Skrill, Neteller, Sticpay

Deposits are processed instantly into your FBS account when you use traditional electronic payment systems. Deposits take about 1 to 2 hours if you use other payment systems. Bank wire transfers can take up to 7 working days to appear in your trading account.

Does FBS charge a deposit fee?

No, FBS does not charge a deposit fee. However, your bank will charge relevant transaction fees.

How to withdraw money from an FBS account

You withdraw funds from an FBS trading account with the same payment system you used to deposit funds into your account. Go to the Finance section in the Personal Area and select the Withdrawal option. Follow the easy steps to withdraw funds from your FBS account.

How many days do FBS withdrawals take?

Funds are transferred to you as soon as FBS has processed the Withdrawal request. On average, FBS withdrawals take:

  • e-payments: up to 30 minutes
  • Credit or debit cards: 3 to 4 working days
  • Bank wire: 7 to 10 working days

What does FBS charge to withdrawal funds?

FBS charges a minimum withdrawal fee of $50 for bank wire transfers. A fee of $1 is charged for all other payment systems.

Commission and spreads

What trading fees does FBS charge?

FBS trading fees depend on what type of account you open. FBS offers STP and ECN accounts without trading commissions on the Cent, Micro and Standard accounts.

Cent account $0 commission Floating spread from 1 pip
Micro account $0 commission Fixed spread from 3 pips
Standard account $0 commission Floating spread from 0.5 pips
Zero Spread account From $20 per lot Fixed spread of 0 pip
ECN account $6 commission Floating spread from -1 pip

What is the minimum deposit for an FBS trading account?

Cent account $1 initial deposit
Micro account $5 initial deposit
Standard account $100 initial deposit
Zero Spread account $500 initial deposit
ECN account $1 000 initial deposit

FAQs: FBS

Does FBS have a Welcome Bonus?

Yes, FBS offers a Welcome Bonus in the form of a Quick Start no-deposit bonus. New clients get $100 to trade live accounts, and no initial deposit is required.

How do you withdraw the FBS trading bonus?

You can trade lots on a real account in FBS Trader and withdraw your bonus profit:

  • $5 for every lot you close
  • $2,5 for every lot with a hedge

Can I start trading with no money in my live FBS account?

No, you cannot start trading forex if you have not deposited the required minimum deposit for your FBS trading account. You can only trade with no initial deposit on a free demo account. A demo account allows you to trade forex with ‘fake’ money but you don’t earn profits from any trades.

What leverage does FBS offer?

FBS offers maximum leverage up to 3000:1 on the Micro, Standard and Zero Spread trading accounts. The leverage on the Cent account is 1000:1 and 500:1 on the ECN account.

Where is FBS’ headquarters based?

FBS headquarters are based at 21 Vasili Michallidi, 3026 Limassol, Cyprus.

Who is the CEO of FBS?

The founder and CEO of FBS is Marrck (full name is Satthakarn Chuenkomol).

Does FBS offer online support?

Yes, FBS offers dedicated online Customer Support for its forex traders via Live Chat on their website. Live Chat is available 24-hours a day, 5-days a week. You can also contact FBS Customer Services via email or telephone.

Does FBS offer a demo account for forex traders?

Yes, FBS offers a free demo account

for beginner forex traders. A demo trading account is funded with virtual money but provides all the features of a live account. It’s the perfect account for beginner forex traders to improve their trading skills before moving onto a live forex account.

Does FBS have a mobile app for forex trading?

Yes, FBS offers an easy-to-use mobile app for MetaTrader 4, MetaTrader 5 and FBS Trader.

Does FBS publish an Economic Calendar?

Yes, FBS publishes an Economic Calendar.

Who can I speak to at FBS for help?

FBS provides dedicated Customer Service supported by Live Chat, email or telephone.

Live Chat FBS

Contact number +35 7251 23212

Email support@fbs.com

FOREX TRADING AFRICA DISCLAIMER

Forex and CFDs are complex instruments and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information provided is published to help improve your knowledge and understanding of international multi-asset trading and market participants.

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading pltform, CopyTrade

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

instant

Welcome bonus

$140 (Find out More)

🏛️ Visit Broker

FBS

FBS has launched a new type of account specifically for trading cryptocurrencies.

The new Crypto account has over 100 instruments with digital currencies.

BTC, LTC, and ETH are just some of the instruments that will be available for trading against other cryptocurrencies or against more traditional currencies, commodities, and other instruments.

  • – Currency: USDT (Tether)
  • – Leverage: 1:5
  • – Initial deposit: from $1
  • – Commission on opening positions: 0.05%
  • – Commission on closing positions: 0.05%
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