FBS Review 2026

How safe is FBS?

An international account at FBS sits with FBS Markets Inc., holding licence 4077102 from the Financial Services Commission of Belize, and I treat the entity, not the brand, as the thing that decides a client’s protections. The section below sets out that entity, the terms it trades under, and the licences held elsewhere in the group.

Regulation

FBS Markets Inc., incorporated in Belize under Certificate of Incorporation No. 000001317, holds licence 4077102 from the Financial Services Commission (FSC) under the Securities Industry Act 2021. Its registered address is The Bentley, #16 Cor A Street & Princess Margaret Drive, Belize City, and its contracts run on the Terms and Conditions and the Trading Conditions under Belize law, with disputes heard in the courts of Belize. It does not serve residents of the USA, the EU, the UK, Israel, India, Iran or Myanmar, among others, and the table below lists the group’s firms.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by ASIC is regulated by the Australian Securities and Investments Commission.

The Terms and Conditions name no retail or professional client categories, and dealing is execution-only, with no personal advice under clause 2.5. The open-account page states that client funds sit at several banks, separate from company balances, but the Terms set out no client-money terms. Where one trading account ends negative, clause 3.14 lets the firm use money it owes the client in another account to cover that shortfall. Trading Conditions clause 4.12 covers a balance left negative after positions close, and the firm does not ask the client to pay it, unless it considers the client’s actions intentional. Risk controls are conventional, with a margin call at a 40% margin level and stop out at 20%. Leverage on forex runs up to 3,000:1 as a maximum on the firm’s pages, applies at the lowest equity bands, and steps down as an account’s equity builds. The Terms name no compensation scheme. Complaints go in writing to [email protected] and are investigated under the firm’s internal system (clause 16.1), with no outside body named, so unresolved disputes end in the courts of Belize.

The group’s other licences sit with separate firms. Intelligent Financial Markets Pty Ltd trades as FBS Oceania under ASIC, AFS Licence 426359, and Tradestone Limited trades as FBS EU under CySEC licence 331/17, a member of the Investor Compensation Fund. The Australian leverage caps and the raw-spread Ultra account with its AUD commission belong to FBS Oceania, while the EU caps and the Fund stay with Tradestone’s clients. The group holds ASIC and CySEC licences, yet an international account sits with FBS Markets Inc. in Belize, and I read the Australian and EU caps and the Fund as protections that stop at the border.

Reputation

FBS has a strong reputation reflected by the impressive number of users they pull in. The platform now serves over 27 million traders worldwide and continues to attract consistent monthly traffic.

The table below highlights FBS’s regional search interest in 2026.

Show all 65 countries

Country, 55 rows.

Country	2026 Monthly Searches
South Africa	3,600
Germany	3,600
United Kingdom	2,900
Canada	2,900
Singapore	2,400
Pakistan	1,900
Bangladesh	1,900
Vietnam	1,600
Saudi Arabia	1,600
Australia	1,300
Italy	1,300
France	1,300
Turkey	1,300
Uganda	1,300
Ghana	1,300
United Arab Emirates	1,000
Morocco	1,000
Mexico	1,000
Egypt	1,000
Netherlands	880
Colombia	880
Sri Lanka	880
Spain	720
Taiwan	720
Poland	590
Algeria	590
Ethiopia	590
Hong Kong	480
Chile	480
Switzerland	390
Argentina	390
Uzbekistan	390
Cambodia	390
Ecuador	390
Sweden	320
Portugal	320
Tanzania	320
Peru	320
Jordan	320
Venezuela	320
Austria	260
Greece	260
Costa Rica	260
Ireland	210
New Zealand	210
Dominican Republic	210
Botswana	170
Cyprus	140
Mauritius	110
Mongolia	90
Bolivia	90
Panama	70
Uruguay	70
Guatemala	50
Honduras	30

Reviews

Our score for FBS is set against every other broker on forex broker review.

My Verdict On Trust With FBS

FBS Markets Inc. holds a real FSC Belize licence, 4077102, and clause 4.12 of the Trading Conditions leaves the firm, not the client, carrying any negative balance once positions close, which counts for something. The Terms name no compensation scheme, though, and Belize law governs the contract, so deposits should be sized to what could be lost without a scheme behind them. I weigh the missing scheme more heavily than the licence.

What traders say about FBS

What other review sites say about FBS

These are ratings of FBS from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.3 / 5	10,295	Nov 1, 2026

FBS holds a Trustpilot rating of 4.3 out of 5 from 10,295 reviews, checked Nov 1, 2026.

App Store and Google Play ratings for FBS

Our score is based on published criteria and is not influenced by these third-party ratings.

How popular is FBS?

People worldwide made 247,900 branded searches for FBS in September 2026, placing it 6th of the 61 brokers we review. Search interest measures attention, not quality; the score above is the review verdict.

6of 61Search interest rank

247,900

Brand searches, September 2026

+21.9%

vs August 2026

60,500

Login searches

3.9%

Share of all searches

Source: Google search volume, Worldwide, September 2026.

How this is measured

Google Ads reports how many times a month people searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

The figures refresh on the 15th of each month with the newest month Google has published, and the first-result check repeats every quarter.

FBS at a glance

FBS spreads and fees

What trading FBS costs

One standard lot of EUR/USD on FBS' standard account costs US$11.00 for the round turn: 1.1 pips of spread (US$11.00), with no commission.

Cost of trading EUR/USD with FBS, at 1 standard lot and 20 trades a month

Account	A month of trading	One round turn, 1 lot
One spread, no commission1.1 pips, published average	US$220.00	US$11.00

A pip on EUR/USD is US$10.00 per standard lot, so the cost of a round turn is the spread in pips times that, plus any commission.

The Standard account is the only one on the public pages of FBS Markets Inc., with the Cent account reachable only through a partner’s referral link. FBS charges no deposit fee, allows ten free withdrawals a calendar month before USD 1 for each further one, and names no inactivity or account fee in its Terms.

Account Types at FBS Markets Inc.

Residents of the USA, the EU, the UK, Israel, India, Iran and Myanmar, among others, cannot open with FBS Markets Inc. Eligible traders get the Standard account from $5 with floating spreads from 0.7 pips and no commission, plus the Cent account through a partner’s referral link, with balances shown in US cents. Swap-free status is available, and no raw-spread or commission account exists at this entity.

• Standard Account: from $5, spreads floating from 0.7 pips, no commission, MT4, MT5 and the FBS app
• Cent Account (opened only through a partner’s referral link): from $1, spreads floating from 0.7 pips, commission from 0%, balances shown in US cents
• Swap-free status: available

Standard/Cent Account Fees and Spreads

In my review, I found that FBS’s Standard Account spreads are moderate compared to other brokers. For example, FBS lists around 1.1 pip on EUR/USD, 1.4 pips on AUD/USD, and about 1.3 pips on GBP/USD. Their most competitive average spread is 1.0 pip for EUR/GBP.

These are higher than brokers like Pepperstone or Admirals, which often average around 1.0 pip or lower on major pairs. Overall, I found FBS’s spreads to be reasonable for casual trading but not among the most competitive for tight-cost strategies.

The Cent account opens from $1 through a partner’s referral link only, with floating spreads from 0.7 pips, the same as Standard, and commission from 0%. Balances display in US cents, so $10 shows as 1000, which suits beginners running small positions. Leverage reaches up to 1,000:1 as a maximum on the firm’s pages.

Avg. spreads are taken from each broker’s website and updated monthly. Last update on 1 Sep 2026

Swap-Free Account and Fees

Swap is the interest charged or earned for holding positions overnight. The table below shows a comparison of the swap fees at FBS and other brokers for one full contract (100,000 units) of the base currency.

As per the data above, FBS swap fees are relatively competitive but they aren’t the lowest in the market. You should carefully consider these swap fees in your strategy, especially if you frequently hold long positions overnight specifically on EUR/USD as you might find these fees costly compared to brokers like OANDA, which offers much lower swap costs.

FBS may be a good choice for EUR/USD short traders but less so for frequent long traders or those focused on GBP/USD.

Swap-free status is available at FBS Markets Inc., letting a trader hold positions overnight without a swap, which suits those who follow Sharia rules on interest. Exotic pairs kept open past the weekend draw a fixed weekly charge from the second Sunday instead. The firm may revoke the status where it finds arbitrage or misuse.

3. Other Fees

Other costs sit outside the spread. A currency conversion fee applies when money moves between currencies in the account, and past ten free withdrawals a calendar month each further one costs USD 1 (clause 6.7). No stop loss is guaranteed: when a price gap swallows the stop level, the order fills at the first quote past the gap, under clause 2.11.3 of the Trading Conditions. A VPS costs $33 a month unless a single $450 deposit has been made and 3 or more lots are traded monthly.

My Verdict On FBS Spreads And Costs

I consider the Standard account’s floating spreads reasonable for casual trading, though not the tightest pricing for cost-sensitive strategies. There is no deposit fee, ten withdrawals a month are free before USD 1 each, and no inactivity fee is named. For a commission-free account, that holds up well.

FBS account types and minimum deposit

Registration happens on the site or in the app, followed by verification with an ID document, which can be a passport, an ID card or a driver’s licence. Full verification runs around 10 minutes, while an express option needs only a name, an email address and a country, but it blocks bank card transactions. Choose the full route if you plan to fund by card.

Note: FBS does not provide account managers.

Our Philippine account opening

Loyal signed up from the Philippines on October 16, 2026, and the account opened almost immediately. Within about two minutes of choosing her country and confirming her email she was on the setup page, and the dashboard displayed her live MT5 login details straight away. Verification runs through Sumsub. She picked her passport from a long Philippine ID list, uploaded the photo page, and saw full verification completed within about two minutes of the upload, with no selfie, proof of address, or suitability questions. From the first screen to full verification took her roughly five minutes. The name on the MT5 login is a server label, and I would not read it as evidence of the contracting entity.

Deposits and withdrawals with FBS

Here’s a closer look at FBS deposit/withdrawal methods, fees and potential challenges involved.

What Is the Minimum Deposit At FBS?

The minimum deposit amount at FBS is $5 and there are no deposit fees.

Account Base Currencies

FBS Markets Inc. offers USD and EUR as account currencies. Choosing the same currency as the money being deposited spares a trader repeated conversion charges on every deposit and withdrawal.

Deposit Options and Fees

FBS offers a wide variety of deposit and withdrawal methods depending on your region. Here’s a quick look at the deposit methods available to traders.

Here’s how to fund your real trading account:

1. In your account in your Personal Area, click on “Finances” in the menu at top of the page.
2. Select “Deposit“, choose your preferred payment method and enter the amount of money you want to deposit.
3. Click on the “Deposit” button to confirm your transaction.

Withdrawal Options and Fees

FBS provides many instant automated withdrawal methods secured through OTP verification. They include:

To withdraw from the platform:

1. Select “Withdraw” from the Finances tab.
2. Choose your preferred payment method and type the amount of money you want to withdraw.
3. Click on the “Confirm withdrawal” button.

FBS charges no deposit fee, and withdrawals are free for the first ten in a calendar month, after which each costs USD 1. The payment systems involved may apply commissions of their own.

My Verdict On Funding With FBS

I consider funding at FBS Markets Inc. quick: over 200 ways to pay in and out are picked in the Trader Area, from bank transfer and cards to Skrill, Neteller and Perfect Money. E-wallet withdrawals clear within 30 minutes, cards average 3 to 4 business days, and bank transfers take 7 to 10 business days, with OTP checks on withdrawals. If you trade often, plan around the card and bank timelines.

Our Philippine funding check

For funding on October 30, 2026, Loyal used the Philippines tab and QR Ph, which carries a PHP 500 minimum. A PHP 1 attempt was refused with a limit message, so she entered the minimum. The page generated a one-time QR code valid for five minutes and warned her to pay the exact amount. She paid PHP 500 from her PNB app with no fee, and within about three minutes the dashboard showed US$7.76 with the transaction marked completed. The MT5 web terminal displayed a balance, equity, and free margin of 7.76 USD, but a connect window still showed an Error (10) message. The balance loaded, yet that error remained, so a successful balance display does not prove fully working trading. She tested no trade or execution. No internal transfer was needed.

Covered here are signup, Sumsub verification, QR Ph funding, and MT5 access, with no spread, execution, or withdrawal test.

FBS trading platforms and app

FBS Markets Inc. runs MT4 and MT5 on Windows, Mac, web, iOS and Android, with expert advisors supported. The FBS app trades MT5 accounts, MT4 MultiTerminal is available, and there is no cTrader.

FBS offers free downloads on Windows, Mac, and mobile devices, plus WebTrader for browser-based trading. They also offer WebTrader versions for browser-based trading.

I carried out live tests using the MT5 Windows desktop and WebTrader versions and noticed the web platform to be different, with a more intuitive and user-friendly interface, but fewer tools. Here’s a quick overview of both platform features.

MT5 Desktop Platform Functionality

FBS MT5 Desktop platform has a wide range of advanced trading tools and features including:

• Indicators: 38 technical indicators including Trend, Volumes, Bill Williams and Oscillators.

• Graphical tools: 44 analytical tools including lines, channels, Gann, and Fibonacci tools.
• Timeframes: 21 different time frames ranging from one minute to one month.

• Chart types: 3 chart types to choose from including Bar, Candlesticks and Line.

• Order types: Several order types including market orders, stop loss orders and more.
• Alerts: Set up and receive notification for specific instruments.
• Market Watch: Track the instruments you pick and see their prices at a glance in this desktop panel.

• Trade Panel: Track your open positions, market exposure, trade history and profit/loss figures.

• Trading from the chart: Trade directly from the price chart for maximum precision, speed and convenience.
• Automated trading: Automate trading with Expert Advisors and other accurate trading algorithms.
• Economic calendar: Track markets and stay updated on economic events and data.

MT5 WebTrader Platform Functionality

Despite providing the convenience of trading directly from your browser, the FBS MT5 WebTrader version has fewer indicators and analytical objects than the desktop platform. Here’s a rundown:

• Indicators: 31 technical Indicators including Trend, Volumes, Oscillators and Bill Williams.

• Graphical tools: 4 analytical objects including trend lines, regression channels, Gann, and Fibonacci tools.
• Timeframes: 9 timefraes ranging from one minute to one month.
• Chart types: 3 chart types-Bar, Candlesticks and Line.

• Order types: Several order types catering to different trading strategies.

• Trade Panel: You can keep your eyes on your open positions and account balances.

• Depth of Market (DOM): Receive live insights into the market at the click of a button.
• Market Watch: Keep your chosen instruments and their live prices on view in WebTrader with this panel.

• Dark mode: Improves your visual comfort and focus while trading.

FBS app

FBS provides a feature-rich proprietary mobile app in addition to the MetaTrader 4 and 5 platforms, allowing you to trade while on the go. It’s available for free download on Android and iOS, and brings the following advanced tools and features to the palm of your hands:

• Indicators: You have access to 90+ technical indicators including Accelerator Oscillator, Bollinger Bands and more.

• Timeframes: 9 timeframes.

• Chart types: Charting features are powered by TradingView, providing you access to 5 chart types- Bar, Candlesticks, Hollow candles, Line and Area.

• Order types: A range of standard order types are available from market and limit to stop-loss orders.
• Trading stats: Monitor your account equity, margin, free margin and floating P&L to estimate your trading opportunities.

• Positions: Manage open, orders and closed positions.

• One-click trading: Eliminates confirmations for opening and closing positions, saving on time.

• Data security: Your data is kept safe on the platform through data encryption and secure login.

My Verdict On Trading Platforms

I would point beginners to the FBS app, which trades MT5 accounts and reads as friendlier than the desktop alternatives. MT5 desktop and WebTrader carry the advanced tools and charting depth that experienced traders tend to want, while the app keeps the simpler path to an order.

Markets you can trade with FBS

You can trade Forex and CFDs on stocks, indices, and commodities at FBS, though the portfolio is limited to these two asset classes.

• Forex: 70+ currency pairs including majors, minors, and exotics

The forex selection is comprehensive, covering all the popular majors like EUR/USD, GBP/USD, and USD/JPY, along with a wide range of minors and exotic pairs. This gives you plenty of opportunities to diversify your strategies across different currency correlations and market sessions.

• Metals: 8 metal instruments, with gold tradeable against USD, EUR, GBP, and AUD, silver against USD and EUR, and platinum and palladium as single instruments

You can trade popular metals like gold, silver, platinum, and palladium. The ability to trade gold and silver against multiple currencies is particularly useful for traders looking to hedge against local currency movements.

• Energy: 3 energy instruments, including crude oil and natural gas

You get access to key energy commodities that often present high volatility and trading opportunities, especially during geopolitical events or supply disruptions.

• Indices: 11 major global indices

FBS lets you trade CFDs on major indices like the S&P 500, NASDAQ, FTSE 100, and more. This lets you speculate on broader market movements without having to trade individual stocks.

• Stocks: 466 stock CFDs from major and minor markets worldwide

A decent selection of individual stock CFDs spanning the US (NASDAQ, NYSE), European (FWB Frankfurt, ENX Paris) plus England via the London Stock Exchange.

• Crypto: 20 crypto CFDs including BTCUSD, ETHUSD, and SOLUSD

Access to popular cryptocurrencies, including Bitcoin, Ethereum, and other major altcoins. Bitcoin Cash has a single pairing, BCHUSD against the US dollar, while Bitcoin appears as BTCUSD, BTCETH against Ethereum, and BTCXAU against XAUT.

What’s missing?

There are no ETFs, bonds, options or futures, and no soft commodities. The 8 metals, 3 energies and 11 indices are few next to the 466 stocks and 72 currency pairs, so the range is slim outside forex.

What Leverage Does FBS Offer?

Leverage is set by the entity a client opens with, and at FBS Markets Inc. forex leverage runs up to 3,000:1 as a maximum on the firm’s pages, on balances below $200, and falls as equity grows, reaching 400:1 and below from $150,000. US30, US100 and US500 indices carry up to 500:1, other indices 200:1. Metals and crypto reach up to 500:1, energies 200:1, and stocks up to 100:1, a figure the firm may lower for fresh positions during the final 2 hours before the exchange closes.

FBS Markets Inc. can adjust leverage on positions already open, and on those reopened, as equity moves, and the table below sets out its forex maximums by account equity in USD or EUR:

A margin call sounds at a 40% margin level and stop out arrives at 20%, so a balance can fall fast at up to 3,000:1 as a maximum. I would start with small position sizes and modest leverage. Treat the 20% stop out as the floor you plan around, not a safety net. According to its Canadian liquidation FAQ, FOREX.com Canada issues no margin calls in the ordinary course; equity falling below the required margin triggers automatic liquidation, the largest-loss net position going first, and an optional alert can sound at 120%.

My Verdict On Range Of Markets And Leverage

In my opinion, the FBS product range could be more diverse, with the introduction of other popular instruments like ETFs and bonds. As for leverage, I like that they offer a variety of options as they accommodate traders with different risk appetites.

FBS customer service, research and education

FBS customer support is more reliable than other brokers I’ve dealt with. Contacting them is easy and you can do so by requesting a call back or clicking on the live chat pop-up at the bottom right corner of the screen. I was disappointed, though, with how long I had to wait for a representative (around 15 minutes) when FBS Markets Inc. lists a reply time of under a minute.

Research and education

FBS has an excellent research and education section serving both beginners and experienced traders.

Research

Here’s what the FBS research section offers:

Trade Ideas

Trade Ideas provides you with short-term market analysis and expert perspectives to help you seize potential trading opportunities across different currency pairs and financial instruments. This is a great way to learn about technical analysis and current market dynamics.

Market Insights

The Market Insights section provides information on market trends, long-term opportunities and in-depth fundamental and technical analysis from FBS experts. I appreciate the broad coverage across multiple markets, from stocks to forex and commodities.

Other classic research tools on FBS include:

Economic Calendar

The Economic Calendar provides a schedule of major economic and political events affecting the global market, enabling you to anticipate market movements and adjust your trading strategy accordingly.

Trading Calculators

Trade confidently at every step using 3 FBS calculators:

• Trading calculator: Handy tool for calculating the margin needed to open a position, estimating potential profits and losses and seeing how leverage ratios affect the margin and potential profits.
• Profit calculator: Helps estimate potential profits and losses across different instruments.
• Currency converter: Get up-to-date exchange rates for various currency pairs and monitor their movements and volatility.

VIP Analytics

For a one-time sum or installments adding up to $500 or €500, you can receive market news, technical analysis, and trading ideas from FBS experts, straight to your inbox Monday through Friday.

The education section is comprised of the following:

• FBS Academy: Provides beginner and advanced trading courses covering the fundamentals of forex trading in a simple manner.
• Trader’s Blog: Contains articles across various categories including strategy and risk management to provide tips and ideas for a well-balanced trading experience.
• Video tutorials: Short, precise and easily understandable video tutorials on all kinds of topics from Forex basics to MT tutorials.
• Webinars and seminars: FBS hosts interactive webinars and seminars occasionally where participants ask questions and get expert insights.
• Glossary: Contains key terms and definitions to help you understand forex markets and improve your trading skills.

Our final verdict on FBS

For a casual forex trader, FBS Markets Inc. is a workable pick: the Standard account’s floating spreads from 0.7 pips with no commission and a $5 minimum are reasonable for that style, though cost-sensitive strategies can find tighter pricing elsewhere. The platform set of MT4, MT5 and the FBS app covers the bases, and the research and education materials are strong. The account sits under FSC Belize licence 4077102, with no compensation scheme named, so I would weigh that before depositing. If you trade forex casually and accept the missing scheme, the $5 Standard account is where I would start.

FBS Markets Inc. suits a forex-first trader who accepts a slim range outside currency pairs: no ETFs, bonds or options, and few commodities and indices. The Terms name no compensation scheme, so that gap is part of the deal. For that trader, I would weigh the missing scheme more heavily than the product range, since it is the one gap that cannot be worked around.