Pros
  • Only $1 is required to commence live trading
  • CopyTrade which is a social trading platform
  • Multiple account types to suit every trader
Cons
  • No service to clients from USA, UK, Japan, Israel, Canada and other countries
  • Very high spreads on Cent accounts

Company Information

FBS is online broker founded in 2009 with the first office in Russia. It gained popularity very quickly, and has not been lacking behind ever since. Nevertheless, Forex isn’t the only market that FBS provides for its membership of over 13 million traders, with CFDs, stocks, and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.

Markets

Speaking about trading service, FBS offers rather clear conditions while using popular instruments including Forex, Metals, and all connected by execution through the STP model. Additionally, FBS tries to always improve the technologies to make the trading process as smooth, as possible.

Here is the list of markets the FBS offers to their clients:
● FX – FBS clients can trade 28 major and minor pairs and another 9 exotics.
● Precious Metals – FBS has contracts on four metals including palladium and platinum.
● Commodities – Clients can trade CFDs on Brent Crude and WTI.
● Indices – FBS clients can trade three indices; the DAX, the NASDAQ 100, and S&P 500.
● Stocks – Clients of FBS can trade over 30 U.S. listed blue chip stocks.

Trading accounts

There are four main types of accounts offered. The broker suggests you choose between Standard, Cent, Micro and Zero Spread accounts. The beginners will find the broker particularly useful, as it involves less risks. Although, you should pay attention to the fact that FBS operates through two entries EU, so the international conditions and trading proposal may slightly vary.

They offer very high leverage up to 1:3000, and initial deposit may start from $1. But we do recommend you to remember about the risks involved with high leverage and use of bonuses as well, in trading, there is always a risk of losing everything as well.

Open an account

Opening an account with FBS is not a very difficult process to follow. Firstly, enter some personal information about you, then confirm your email. After receiving access to your online account management, you may start Demo Account at this stage. Then you should select the account type you are willing to open and choose the currency as well. After that, you should indicate your level of experience to receive some additional instructions if needed. Make some money deposit, so you could start trading. One more thing – select which assets you want to trade. Here you go.

Minimum deposit

The minimum deposit you can select is either $1 on the Cent account or the $5 on the Mini Account. Just decide what leverage you want to choose, and go for it. As for the Standard account, the initial deposit is only $100, so experienced traders may find their way with relatively small amounts too.

© ProfitAssist website screen

Trading Platforms

FBS uses the MetaTrader 4 and the MetaTrader 5 trading platforms. The MT4 is a very popular platform around the world, many users prefer, as it provides trading tools incorporated into the platform itself. With the MetaTrader 5 trading platform, traders can look forward to several trading features which are essentially an updated version of MetaTrader 4. In other words, MetaTrader 5 is developed to make the trading process even simpler. Moreover, there’s no need to download any additional software, as WebTrader is a web-based site for FBS.

Our verdict

After careful research and analysis, we would like to make some conclusions about the FBS broker, so that you could decide, whether to trust or not to trust this particular broker. To advantages belong 24/7 live customer support, as you can always reach the customer manager, who will help to solve your issue, the variety of account types, only $1 deposit, and social platform CopyTrade. To the disadvantages may belong limited tradable assets, very high spreads on Cent accounts, the limited number of trading platforms and tools, and no service to clients from the USA, UK, Japan, Israel, Canada, and some other. So it is up to you, which broker to choose, and which to trade with.

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4.25 (1 vote)
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Giane Knapp
Giane Knapp
August 11, 2020 10:53 am

Their trading platform had been frozen about 2 – 3 times today. But I think when trading, you should put your stop loss to prevent from awkward situations like this.

DANIELA PUHL
DANIELA PUHL
April 22, 2020 10:52 pm

I have been trading with them for three years now

The service is upscale and distinctive

I withdrew profits without problems

Pedro Lazaro
Pedro Lazaro
July 1, 2019 4:49 pm

They have difficult registration as for me. I had to join this broker and I am done by sent personal id and also bank statement. But they needed me to send back because my identity was not clear (scanned copy) so I had to resend it

Belen Usechi
Belen Usechi
May 21, 2019 7:52 pm

Can anybody say about ‘client agreement’? I have live account with this broker. But when I download the client agreement pdf’, I can’t see my name. Why??

Amadou Kandeh
Amadou Kandeh
May 12, 2019 5:55 pm

They have poor support and average spreads((

Julian Vaquero
Julian Vaquero
May 11, 2019 4:51 pm

FBS is the best platform vendor I have ever seen since I worked in Forex trading. No deception, they always pay regardless of your withdrawal amount.

Sol Saoirse Gavin
Sol Saoirse Gavin
April 3, 2019 5:51 pm

FBS is truly amazing.
They have a great platform and some of these review might be discouraging, but it is a honest and professional platform

I wish I had been with FBS earlier.

Viktoriya Marenko
Viktoriya Marenko
March 11, 2019 2:50 pm

Im very happy of this broker good exécution good plateforme good laverage low margin.
I reccomand or.

Inocencio Parrado
Inocencio Parrado
February 12, 2019 3:15 pm

The service is of quality and reactive. Technically everything is quite good, except that closing orders should be more accurate, faster

Cherno Saidy
Cherno Saidy
January 3, 2019 10:48 am

Yesterday I tried to put some money to my trading account but it failed. I had tried about 5 or 6 times before I succeeded. I am not satisfied with web site work