With accounts to serve even the lowest volume traders and plenty of tools to help you become established as a good trader, there is a lot to love about this broker. The licensing and regulation in the EU, and internationally make them a reliable choice for traders. There is a bonus for non-EU traders to welcome you and get you off to a great start as well as excellent customer support and an intuitive and easy to navigate website. If you want to find an excellent all-around broker that can help you become a better trader, then this is a solid choice.
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FBS Markets has been established and offering Forex services now for a decade having launched in 2009. Based in Belize and Cyprus and regulated by the Cyprus Security and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC), they offer their services to 1.3 million customers in 120 countries.
Like many Forex brokers, they offer trading on the popular MetaTrader4 and MetaTrader5 platforms on a secure website and offer a choice of 37 currency pairs in which to trade. Whether you are an absolute beginner or more experienced in Forex, this platform is suitable for all strategies. There are several accounts and many educational features.
Like all things, when it comes to choosing the best product or service for you, there are many things to consider. The fact that there is so much choice only makes it a more difficult decision. Which broker is the right one for you? How do you decide which of them will provide the right conditions? We endeavour to help your choice with our detailed review:
FBS Markets provide a great deal of choice when it comes to account types. Not only do they have a Demo account, but they also have a Demo Cent account. In addition to this, there are several live accounts with deposit requirements ranging from $1 to $1,000. The number of accounts depends on where you are trading. While there are six open to non-EU residents, if you are within the EU, the number is two. The two available to EU traders are the Standard and Cent Account with different deposit requirements.
There are two types of practice account – the Standard demo and Demo Cent. The difference is that you can be more cautious and trade smaller lots with the Demo Cent version. Both are free to use and allow you to test the platform with virtual funds until you are ready to go live.
With a deposit of just $1, you can open a Cent account. With floating spreads from 1 pip and leverage of up to 1:1000, there is no commission charged, ideal for beginners who wish to practise on a live account as a next step up from a demo.
Deposit $5 and enjoy fixed spreads from 3 pips with no commission and leverage of up to 1:3000. The Micro account is better suited to those of you that like to calculate the exact profits.
The Standard account is open to all non-EU and EU traders, and you will require a deposit of $100. Floating spreads from 0.5 pips and leverage of up to 1:3000 make this account a popular choice across the board.
Zero Spread Account
Fixed spreads of 0 pips and leverage of up to 1:3000 can be enjoyed by those of you that deposit a minimum amount of $500. The Zero Spread account attracts commission of $20 per lot.
ECN traders that wish to use the power of ECN technology can open this particular account with a minimum deposit of $1,000 and benefit from floating spreads from 1 pip and commission of $6 per lot.
Trade Features And Payouts
While many brokers offer similar trading features, it is the subtle differences in commissions, spreads and leverage that can make a big difference to the overall profits. It is essential to consider this when choosing your broker.
Leverage varies depending on the account that you open and the funds in your account. It is generally available up to 1:1000; however, this is much lower on the European platform and leverage is advertised at 1:30. Always make sure that you exercise caution as you could lose the entire balance of your account.
Spreads are different depending on many factors. First, you need to consider the type of account you have as the spreads can be fixed or floating. The pips will range depending on the currency pairs that you trade.
Discretionary or System Stop, Equity Stop, Chart Stop, Volatility Stop, Time Stop or Margin Stop. There are many different types of stop loss orders with FBS. You can use these on your trades to exit the position when the trade reaches a specific price point. Using this feature allows you to exit before you lose too much or take profit when you reach a certain level.
FBS Markets has its own proprietary platform FBS Trader, designed for mobile trading, but also offers the popular MetaTrader4 and more recent Metatrader5 platforms. These are widely regarded as the best in the industry and offer you everything you need for the best Forex experience. They don't require a download and can be opened from a web browser on mobile or desktop in addition to downloading the apps.
Bonuses And Promotions
FBS Markets offer a $100 welcome bonus to those that are outside of the EU. You open your account without the need to deposit real funds, and you can use the money for 30 days to trade five lots. Any profit is yours to keep.
A bonus is a great way to get familiar with the platform and learn the basics of Forex before you start to trade with your funds. After using the demo account, you can progress to the live bonus account and then on to one of the real accounts.
There aren't many things that you can't do from a mobile phone now, and mobile Forex trading is no exception. That is why developers build many platforms mobile-first. With FBS Markets, they have FBS Trader, which is made specifically for those who like to trade on the move.
You can manage your account from your phone, get instant access to live quotes and real-time charts and have direct access to customer support. The MT4 and MT5 are also available to download on both iOS and Android. For those who like to emulate the success of other traders, you can also download the FBS Copytrade app.
If you are new to Forex trading and looking for a broker that offers everything the beginner needs, then you need to look no further than FBS Markets.
Deposits And Withdrawals
Accounts must be verified to comply with money laundering laws. It is simple to make deposits and withdrawals. Credit and debit card and many other electronic wallets can be used to deposit funds.
Bank transfers are not accepted. While deposits are instant, it can take up to 48 hours for withdrawals to be processed. It is wise to check the deposit and withdrawal commissions charged for the various types of payments as they vary depending on the funding methods used.
Perhaps one of the unique features of FBS Markets is the low trading volumes that you can enjoy. If you are new to Forex, there are many chances to practise and get used to the platforms and the live trading environment.
The demo account and demo cent account are excellent for those who wish to get familiar with things using virtual funds. The $100 introductory bonus (not available to EU traders) and various accounts including the cent account allow you to execute small trades with a low opening balance. There are also many educational tools to assist you and help you to become a better trader.
Accessible through the website and Facebook, instant messaging is the quickest and easy way to get hold of someone. The customer support is available in your native language, 24 hours a day, 7 days a week.
You can send an email and get hold of someone by telephone and request a callback. Many social media accounts are making them a highly visible broker. It is not hard to get hold of someone to deal with your query.
We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.
Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.
If you are new to Forex trading and looking for a broker that offers everything the beginner needs, then you need to look no further than FBS Markets. With accounts to serve even the lowest volume traders and plenty of tools to help you become established as a good trader, there is a lot to love about this broker. The licensing and regulation in the EU, and internationally make them a reliable choice for traders.
Forex trading on the go is highly accessible for those mobile traders amongst you, and you can choose from a wide range of apps and experiences. Tailor-make your trading to suit you and enjoy all of the charts, predictions, market news and more.
There is a bonus for non-EU traders to welcome you and get you off to a great start as well as excellent customer support and an intuitive and easy to navigate website. If you want to find an excellent all-around broker that can help you become a better trader, then this is a solid choice.
Our Review Rating System (More Info)
To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.
- Account Types
- Banking & Payouts
- Bonuses & Promotions
- Mobile Trading
- Trade Types
- Special Features
- Customer Support
Frequently Asked Questions
Is FBS Markets legit? Will they scam me?
Trading since 2009, FBS Markets is licensed and regulated by both the IFSC and CySEC. They are well-reputed and segregate client funds both in the EU and abroad.
Do they have a decent mobile or tablet app?
Choose between FBS Trader explicitly built for mobile or the MT4 and MT5 trading apps to give you a tailored Forex experience on the go.
What bonus do they offer for new traders?
Outside of the EU, you can enjoy a $100 bonus when you open an account which requires no deposit of your funds and trade with it for 30 days.
Can I start trading on a free demo account?
Not only is there a free demo account, but there is also the free Demo Cent account. You can use the demo to emulate trading on the live platform with virtual funds.
What's the min deposit and ideal trade amount?
Open an account for as little as $1 with the Cent account or $10 with the Micro account and make small volume trades until you are ready to increase volumes.
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Contributing to the website since 2012 we are one of many consultancy projects Samuel works on. With 38 years of experience in finance, insurance and foreign exchange his combined knowledge makes him an effective operator.