Looking for a forex broker? Chances are, FBS Broker is already on your list.
Known for its low minimum Deposit, MT4 platform, and wide global reach, including South Africa, FBS has built a strong online presence.
But is FBS legit? Or is it just another broker with too-good-to-be-true offers?
In this review, we’ll break down the facts. From spreads and fees to regulation and user feedback, this is your honest look at whether FBS Broker is safe and worth trying in 2025.
What is FBS Broker?
FBS is a global forex and CFD broker founded in 2009 by Satthakarn Chuenkomol in Belize City. It provides access to over 550 trading instruments, including forex pairs, metals, stocks, indices, energies, and cryptocurrencies.
Traders can use the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), or the FBS mobile app, making the platform accessible to both beginners and experienced traders.
Known for its competitive spreads, high leverage, and low entry requirements, FBS has grown to serve over 27 million clients across more than 150 countries.
But while it’s widely recognized, some still ask how it compares to more strictly regulated brokers.
Is its growth a sign of trust, or does it raise questions about safety and transparency? That’s what we’ll dig deeper into in this full FBS Broker review.
Where is FBS Broker Available?
FBS is available to traders in over 150 countries, spanning Asia, Africa, Europe, Latin America, and South Africa.
It is not available in major regulated markets such as the USA, UK, Canada, and Japan due to regional compliance restrictions.
Explore FBS Account Types and Its Key Features
FBS offers various account types to suit different trading styles and experience levels.
If you’re unsure how spreads or commissions affect your trading costs, this CFTC guide on forex fees and TradeGeek educational materials can be your further guide.
Cent Account
It is ideal for beginners testing strategies with small capital.
- Minimum Deposit: $1
- Commission: None
- Spread: Floating, from ~0.7 pips
- Leverage: Up to 1:1000
- Inactivity Fee: None
Standard Account
Balanced option for regular traders focusing on forex and CFDs.
- Minimum Deposit: $5 (or €100 for EU)
- Commission: None
- Spread: Floating, ~0.7 pips
- Leverage: Up to 1:3000
- Inactivity Fee: None
Pro Account
Designed for high-volume traders who use lower spreads with moderate cost.
- Minimum Deposit: $1,000
- Commission: $3 per standard lot
- Spread: From ~0.6 pips
- Leverage: Up to 1:3000
- Inactivity Fee: None
Raw Spread Account
Best for scalpers seeking minimum spread with pay-per-trade model.
- Minimum Deposit: $100
- Commission: $6 per round lot
- Spread: From ~0.0 pips
- Leverage: Up to 1:3000
- Inactivity Fee: None
Zero Spread Account
Fixed zero spread ideal for high-speed execution but with higher per-lot cost.
- Minimum Deposit: $500
- Commission: $20 per standard lot
- Spread: Fixed at 0.0 pips
- Leverage: Up to 1:3000
- Inactivity Fee: None
Crypto Account
Made for cryptocurrency traders, with limited leverage and around-the-clock access.
- Minimum Deposit: $1
- Commission: 0.1% per round trade
- Spread: Fixed (varies by asset, typically ~3 pips)
- Leverage: Up to 1:5
- Inactivity Fee: None
Trading Platforms: MT4, MT5 & FBS App
FBS offers multiple platforms to match different trading needs. Here is your guide, which you can use to compare and contrast before selecting the right match for you.
MT4
MetaTrader 4 (MT4) remains a popular choice among forex traders for its simplicity, fast execution, and wide range of custom indicators.
It’s best suited for beginners or those focused on forex and CFD trading, though it lacks support for newer asset classes and advanced tools.
MT5
MetaTrader 5 (MT5) is a more advanced platform that offers features such as additional timeframes, Depth of Market, and integrated economic calendars.
It’s ideal for traders managing diverse portfolios, including stocks, commodities, and futures, but it may feel complex for MT4 users transitioning for the first time.
FBS App
The FBS Trader app is a mobile platform tailored for on-the-go trading. It combines a sleek interface with essential tools for account management and fast market execution.
However, it’s more limited in charting and customization compared to MT4 and MT5.
Read more: cTrader vs MT4: Which Forex Platform is Better in 2025?
Is FBS Legit or Scam?
Let’s take a closer look at FBS’s regulations, safety measures, and trust signals to see if it lives up to its reputation.
Regulation, Safety, and Trust
FBS is regulated by the Belize FSC, the Cyprus CySEC, and the Australian ASIC, which means it adheres to strict oversight and maintains robust client fund protection systems.
It also holds account segregation and negative balance protection to safeguard traders’ money .
Read more: TradersUnited – Foreign Regulatory Agencies
Common Issues & User Complaints
Some users report delayed withdrawals due to compliance verification and occasional server lag during peak trading times . These are relatively isolated and common among brokers of similar scale.
To see how FBS handles these issues in real-time, trading communities like CommuniTrade offer firsthand observations.
You can follow a few active threads to understand the full experience before committing to a live account.
FBS in South Africa
Local Legitimacy & ZAR Payments
FBS accepts clients in South Africa under its CySEC-regulated entity, allowing deposits and withdrawals in ZAR via bank transfers and e-wallets .
It does not hold an FSCA license, but it still offers legal services locally.
Support for South African Traders
Support is available in English and Afrikaans through chat, email, and phone. However, a local office presence is not available .
Pros, Cons, and Final Verdict
Before you decide, here’s a quick breakdown of FBS Broker’s strongest features and a few potential drawbacks to watch out for.
Key Advantages of FBS
- Low Entry Point: The minimum deposit starts from $1, making it ideal for beginners.
- High Leverage: Up to 1:3000, attracting high-risk traders .
- Regulated Multi-entity Structure: Oversight in Belize, Cyprus, and Australia oversight .
Downsides to Consider
- Regulatory Gaps: Not licensed by major regulators like FCA or FSCA.
- Withdrawal Delays: Processing may be delayed during busy periods.
- Platform Latency: Server performance may dip during high volatility
Who Should Use FBS?
New traders with low capital can start with the Cent or Crypto account.
Aggressive traders looking for high leverage and raw spreads (ECN/Zero).
Caution is advised for those requiring robust regulatory protection or low latency.
FAQ
Is FBS Broker legit?
Yes. It is regulated by the Belize FSC, Cyprus CySEC, and ASIC in Australia, with proven client fund protection measures.
What is the FBS minimum deposit?
Ranges from $1 for Cent and Crypto accounts up to $1,000 for ECN accounts.
Does FBS use MT4?
Yes. FBS supports MT4, MT5, and their own mobile FBS Trader app.
Is FBS available in South Africa?
Yes. FBS accepts South African clients under its EU entity and supports ZAR deposits and withdrawals.
What are FBS spreads and fees?
Spreads vary by account type. They start from around 0.7 pips on Cent and Standard accounts. The Zero account offers fixed zero spreads, while the ECN account provides raw spreads. Commissions range from $0 to $20 per lot, depending on the account
Enhance Your Trading Intelligence Through Community Insight
Are you curious how real-world FBS users handle withdrawal delays or platform slowdowns? Or looking for tips on how to use leverage more responsibly?
Joining a trader community like CommuniTrade gives you access to candid reviews, live Q&A, and smart strategies without the sales pitch.
