FBS Review 2026
FBS is a multi-regulated forex and CFD broker with CySEC and FSC Belize entities, a $5 general minimum deposit and high leverage on international accounts.
- 65 / 100
- Compliant
- Cyprus
- ASIC
- CySEC
- FSC Belize
- Min. Deposit
- $5
- Max. leverage
- 1:3000
- Spread From
- 0.7 pip
- Commission
- $0
- Trading platforms
- MetaTrader 4, MetaTrader 5 and the FBS Trader mobile app.
Key features
- General minimum deposit from $5; $1 Cent access is limited to eligible partner referrals
- Copy trading and social-trading tools in supported regions
- Deposit bonus campaigns in selected countries
- Islamic (swap-free) accounts on request
Regional coverage
Popular across Southeast Asia, the Middle East and Africa. EU onboarding uses Tradestone Ltd (CySEC 331/17). Australian clients may see Intelligent Financial Markets Pty Ltd trading as FBS Oceania (AFSL 426359). Other regions may use the Belize international entity.
Investor protection
EU clients under CySEC receive ICF coverage up to €20,000. Segregated client funds apply at regulated entities; offshore accounts carry weaker compensation schemes.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSC Belize · License No. 4077102
FBS Markets Inc. · Global / International
Trading conditions
- Min. Deposit
- $5
- Spread From
- 0.7 pip Standard
- Commission
- $0
- Max. leverage
- 1:3000
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5 and the FBS Trader mobile app.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Published minimum deposit is $5, which is usable for a small live test.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.