Founded in 2009, FBS Markets Inc. (FBS) is domiciled in Belize and licensed for trading in securities services with the country’s International Financial Services Commission (IFSC).
The broker offers the suite of MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software Corporation.
FBS offers 48 instruments, including 37 forex pairs and 11 CFDs, four of which are cryptocurrency CFDs.
Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.
Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of FBS.
|Publicly-Traded Company (Listed)||No|
|Regulated in Major Hub||No|
|Regulated in Emerging Hub||Yes|
|Authorised in the European Union||No|
|CFTC Registered (USA)||No|
|FCA Regulated (UK)||No|
|IIROC Authorised (Canada)||No|
|FINMA Authorised (Switzerland)||No|
|ASIC Authorised (Australia)||No|
|SFC Authorised (Hong Kong)||No|
|MAS Authorised (Singapore)||No|
|FSA Authorised (Japan)||No|
|FMA Authorised (New Zealand)||No|
|CySEC Authorised (Cyprus)||No|
Offering of Investments
The following table summarizes the different investment products available to FBS clients.
|Minimum Initial Deposit||$1.00|
|Currency Pairs (Total Forex pairs)||37|
|CFDs - Total Offered||11|
|Exchange Traded Securities: US||No|
|Exchange Traded Securities: International||No|
|Cryptocurrency traded as actual||No|
|Cryptocurrency traded as CFD||Yes|
Commissions & Fees
FBS offers four commission-free account types with fixed or variable spreads to choose from, and two additional account types that have zero spreads but charge a commission to compensate for the difference.
The broker lists a typical spread of 0.9 pips on the EUR/USD, while in the Zero account there is a 0-pip spread (i.e., no spread), but the broker charges $20 commission per side.
|Average Spread EUR/USD - Standard||N/A|
|All-in Cost EUR/USD - Active||N/A|
|Active Trader or Premium/VIP||Yes|
FBS offers several options for research in the form of news, including headlines and technical and fundamental analysis from its in-house staff and third parties.
Aside from platform tutorials and an economic calendar, it is worth noting FBS offers several educational videos and holds weekly webinars; otherwise, its research offering is light.
|Daily Market Commentary||No|
|Forex News (Top-Tier Sources)||Yes|
|Trading Central (Recognia)||No|
|Social Trading / Copy-Trading||Yes|
|Social Sentiment - Currency Pairs||No|
|Client Webinars (Archived)||No|
|Videos - Beginner Trading Videos||Yes|
|Calendar Includes Forecasts||No|
|Economic News Sentiment||No|
|Trade Ideas - Backtesting||Yes|
Platforms & Tools
FBS is a MetaTrader-only broker, offering the MetaQuotes Software Corporation’s suite of platforms, which includes MT4 and MT5. To learn more about these platforms, read our MetaTrader guide.
While MT4 and MT5 come standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Desktop Platform (Mac)||No|
|Social Trading / Copy-Trading||Yes|
|Charting - Drawing Tools (Total)||31|
|Charting - Indicators / Studies (Total)||51|
|Watchlists - Total Fields||7|
|Order Type - Trailing Stop||Yes|
FBS offers iOS and Android mobile trading applications for its MetaTrader platforms, which are available directly from the developers on the iTunes Store and Google Play. To learn more about MT4, read our guide to MetaTrader.
|Apple iOS App||Yes|
|Charting - Draw Trend Lines||Yes|
|Charting - Can Turn Horizontally||Yes|
|Charting - Technical Studies/Indicators||30|
|Watch List Syncing||No|
|Trading - Forex||Yes|
|Trading - CFDs||Yes|
|Alerts - Basic Fields||Yes|
While many customer agreements have a common language, they do vary from broker to broker. It’s worth noting FBS has a clause in its agreement that stipulates how clients’ profit can be limited to 300 pips in the event of a market gap.
In addition, while FBS’s website says it permits any MetaTrader strategy, the exact opposite is stated in its customer agreement (“the company doesn’t allow the use of arbitrage strategies in either a clear or hidden way, and the company reserves the right to cancel such orders.”)
FBS provides multiple account options and deposit methods for its clients to access the MT4 and MT5 platforms from its entity licensed in Belize and across its related websites, which cater for international traders.
The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses. For example, adding an EU license would help FBS compete with its industry peers.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses."Learn more.
Reviewed by Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.