FBS Review

FX Scouts By Jeffrey Cammack Updated: May 27, 2020
Overall Rating
3.87 / 5
Min. DepositUSD 1
Max. Leverage3000:1
Min. Spread0.0 pips
Regulators CySEC,IFSC
Regulator Origin CySEC IFSC
Trading Desk Type

Summary

Very popular across Asia, FBS offers unusually tight spreads, a simple account structure and support for MT4 and MT5. Education and market analysis are both good and all traders, but especially beginners, will enjoy the 24/7 customer support - also unusual in an industry where the usual hours are 24/5.

The trading conditions on the Cent Account are exceptional for such a low minimum deposit and other accounts are equally impressive - with negative spreads on the ECN account for instance - and no fees are charged for deposits or withdrawals.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Good
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 1
Base currenciesEUR, USD
Number of FX Pairs37
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.8
GBP / USD0.7
USD / JPY1

Company Details

Company nameFBS Markets Inc
Founded2009
Website fbs.com
Type ECN/DMA
Regulators CySEC,IFSC
Office locations China, Laos, Thailand

Deposit & Withdrawal Methods

Supported Platforms for FBS

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.87 / 5 4.58 / 5 4.49 / 5
Minimum DepositUSD 1AUD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs375751
Crypto Pairs44
Pros
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • Limited range of assets
  • Extreme leverage
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 2 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 4.5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4 / 5 4.5 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage3000:1500:11000:1
Spread0.0 pips1.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Zero Spread (Professional)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5 MT4, MT5 MT4, MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission 6 USD / lot - ECN Account 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account
Clear all brokers

FBS

Visit Website

XM

Visit Website

HotForex

Visit Website
Overall Rating 3.87 / 5 4.58 / 5 4.49 / 5
Minimum DepositUSD 1AUD 5USD 5
Regulation
CySEC CySEC
IFSC IFSC
CySEC CySEC
ASIC ASIC
IFSC IFSC
CySEC CySEC
FCA FCA
FSCA FSCA
DFSA DFSA
FSC FSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Metals, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies, Bonds
Forex Pairs375751
Crypto Pairs44
Pros
  • Tight spreads
  • Low minimum deposit
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
  • Low minimum deposit
  • Tight spreads
  • Well regulated
  • Good range of accounts
Cons
  • Limited range of assets
  • Extreme leverage
  • Dealing desk
  • Limited base currencies
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 4 / 5
Deposit & Withdrawal 2 / 5 4.5 / 5 4.5 / 5
Education & Research 4.5 / 5 5 / 5 4.5 / 5
Assets Available 4 / 5 4.5 / 5 4.5 / 5
Customer Service 3.5 / 5 4 / 5 4.5 / 5
% Lose with this broker 71% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider 72.83% of retail investor accounts lose money when trading CFDs with this provider
Leverage3000:1500:11000:1
Spread0.0 pips1.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Zero Spread (Professional)
  • XM Zero (Standard)
  • Zero (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4, MT5 MT4, MT5 MT4, MT5
Funding Methods Visa, Neteller, Unionpay Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin, VLOAD, Unionpay
Trading Commission 6 USD / lot - ECN Account 7 USD / lot - XM Zero Account 6 USD / lot - Zero Account

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit FBS

Most retail CFD accounts lose money. Your capital is at risk.

>