FBS

FBS has been in operation since 2009 and has grown into a well-recognised broker, particularly strong in emerging markets, and now serving clients in over 150 countries. The broker operates under several regulatory licenses, including CySEC and IFSC, which allows it to offer different account types and trading conditions based on jurisdiction.

FBS supports both MetaTrader 4 and MetaTrader 5, as well as its own proprietary mobile platform, FBS Trader. Leverage goes as high as 1:3000 in some jurisdictions—although this isn’t available everywhere—and the broker supports a wide range of payment methods, including cryptocurrency. There are also regular promotions and bonuses on offer, primarily under the offshore entity.

The interface and client dashboard are clean and functional, with account setup and verification completed in under 10 minutes during our trial. We tried both the Standard and Raw accounts and found execution smooth and pricing competitive—spreads on major forex pairs like EUR/USD were decent, and commodity pricing was fair based on our live market tests.

The mobile app, FBS Trader, stood out as one of the better proprietary platforms we’ve used. It’s fast, intuitive, and integrates seamlessly with MT4 and MT5.

FBS also caters well to a wide range of traders. Whether you want high leverage, low minimum deposits, or raw pricing with commission, there’s an account type that fits. Their educational offering is another strong point, with beginner-friendly tutorials, regular webinars, and a well-rounded content library that’s easy to navigate.

FBS ranks around the middle of our overall broker list, and much of that comes down to spread competitiveness. While they’re far from the most expensive broker we’ve reviewed, they’re also not among the cheapest.

Spread costs across some instruments—especially indices—don’t compete with the best-value brokers on our list. We also noted that educational content and analytics feel geared toward beginners, with fewer in-depth research tools or advanced charting options for experienced traders.

Additionally, with multiple regulatory entities involved, the terms, features, and protections can vary widely depending on where you register. Always double-check which license your account falls under, especially if you’re drawn in by high leverage or bonus promotions.

FBS is a flexible, well-established broker that gets a lot of the basics right. It’s easy to get started, easy to navigate, and delivers reasonable pricing if you’re on the right account type. While it won’t be the top choice for traders who demand ultra-low spreads or sophisticated platform features, it holds its own in our rankings.

If you're looking for a reliable broker that blends accessibility with reasonable trading conditions, FBS is a solid mid-tier option worth considering. For traders chasing the tightest pricing, use TraderGuide's tools to compare alternatives that may better suit your needs.