FBS Review 2026: Regulation, Fees, Leverage and Risks

How this review was made: we analysed FBS’s Terms and Conditions (August 2026), Trading Conditions (January 2026), help centre and legal pages as of September 2026. This edition does not yet include our own live-account measurements; they will be added in a later update.

FBS in four numbers. Source: FBS Trading Conditions, 2026.

FBS at a glance

Is FBS safe and legit?

Short answer: FBS is a large, long-running broker, but clients of fbs.com are served by an offshore company under a Belize licence. That is a much lighter regime than the FCA, ASIC or CySEC.

FBS entities and regulators

• FBS’s legal page says FBS Markets Inc. is registered by the Belize FSC under the Securities Industry Act 2021 (source). We could not read the Belize register directly, so verify the licence there.
• The EU company Tradestone Ltd is a separate business under CySEC. FBS’s international terms exclude residents of the EEA, so it is not an option for global clients (CySEC register).
• Older documents cite a different licence number. We use the number on the current legal page.

Client money and protection

FBS says client funds are held in accounts at several banks, separate from company money (source). We found no compensation fund and no Financial Commission membership stated for FBS Markets Inc. in FBS’s documents, so do not assume your deposit is covered if the company fails.

Negative balance protection is stated for all accounts, but FBS keeps the right to claim a debt when it considers the client’s actions intentional (Trading Conditions).

How FBS makes money

The Terms state that you deal with FBS as principal, meaning FBS is the counterparty to your trades, while it also uses several liquidity providers. Marketing mentions no requotes and fast execution.

Accounts and costs

Current FBS documents describe two accounts:

The trading page also shows up to 500 open positions and 200 pending orders. The older Micro, Zero and ECN accounts are not in the current documents, so they appear to be discontinued.

Fees

• Trading commission: none stated. Spreads are floating and can widen with no stated limit.
• Deposits and withdrawals: FBS says it charges no commission, but its Terms reserve the right to charge up to 5% to cover its own transaction costs. Per-method fees are shown in the Trader Area.
• Withdrawals: 10 free per month, then USD 1 each from the 11th (Terms and Conditions).
• Inactivity: no inactivity fee found. Accounts are archived after 90 days of inactivity (source).
• Swaps: per contract specifications. A swap-free option can be switched on for real accounts, but exotic instruments carry a fixed weekly commission and swap-free status can be revoked for arbitrage or carry-trade abuse.

FBS cost summary: what you pay and what you do not

If you are searching for FBS prices, this table puts the cost items from FBS’s own documents in one place. Spreads are floating and not fixed, so the real cost depends on the instrument and market conditions.

Because FBS deals as principal and can change costs without notice, check the current figures in the Trader Area before you deposit.

FBS review for UK traders

FBS Markets Inc. states in its legal footer that it does not offer services to residents of the UK, and the EU company Tradestone Ltd (CySEC) is a separate business that serves EU clients on fbs.eu. We therefore do not treat FBS as an option for UK residents, and we do not show FBS sign-up buttons to visitors in the UK. UK traders should look for a broker authorised by the FCA, which gives a lighter-risk regime than the offshore Belize licence that covers fbs.com clients.

Leverage, margin call and stop out

Maximum leverage on the Standard account by equity.

• Instrument caps: metals 1:500, indices and energy 1:200 (US30, US100 and US500 at 1:500), crypto 1:500 and stock CFDs up to 1:100.
• Changes: FBS can change leverage without notice, including on open positions, and may reduce it over weekends (Trading Conditions).
• Margin call at 40%, stop out at 20%.

Deposits and withdrawals

• Methods: FBS says 200+, including cards, e-wallets such as Skrill, Neteller and Perfect Money, and local banks, depending on your country
• Processing: requests are handled within 24 hours. E-wallets arrive the same day, and bank or card payments take 2–7 business days (source)
• Order of withdrawal: first back to the card or method you deposited with, then other methods up to the amount deposited through each, then profit
• Rejections: requests are automatically rejected while orders are open, and third-party payments are not allowed

Platforms, demo and VPS

• Platforms: MT4, MT5 (Windows, macOS, web, mobile) and the FBS app
• Demo: MT4 demo accounts expire after 40 days (25 days if opened from inside MT4)
• Copy trading: FBS CopyTrade was closed on 22 September 2022 (source)
• VPS: free after a one-time $450 deposit for the first month, then $33 a month unless you trade at least 3 standard lots monthly

Bonuses

FBS published terms for a deposit bonus in July 2025: 100% on a first deposit and 10–60% on later ones, capped at $10,000 per deposit and $25,000 in total (terms). The bonus itself can never be withdrawn, only profits, and withdrawing funds reduces the bonus by the same amount. It expires 28 days after your last deposit or trade.

Is FBS available in my country?

FBS Markets Inc. states it does not offer services to residents of jurisdictions including the USA, the EU, the UK, Israel, India, Iran and Myanmar (source). Section 1.14 of the Terms lists 43 jurisdictions, among them Pakistan, Egypt, Turkey, Russia and Ukraine. For that reason we do not show FBS sign-up buttons to visitors in the US, UK, EU or Israel.

India: FBS’s own documents list India among the countries it does not serve. Separately, FBS is named on the RBI Alert List of unauthorised forex platforms (updated 19 November 2025). Under FEMA, Indian residents may trade forex only in permitted currency pairs through RBI-authorised persons, recognised Indian exchanges or RBI-authorised platforms.

FBS alternatives

Other broker reviews with a different entity setup: AIMS (Labuan entity), Libertex (MAEX Limited, FSC Mauritius) and TW Trading (Vanuatu licence, ASIC investor alert).

Bottom line

FBS is a well-known broker with a very low entry deposit, no stated trading commission, MT4 and MT5, and a wide list of CFDs. Its terms are published in detail, which makes the risks easy to check.

The trade-offs are just as clear. Clients sit under an offshore Belize licence with no stated compensation scheme, leverage of up to 1:3000 is easy to overuse, FBS may change leverage and costs without notice, and its own terms exclude the US, EU, UK and India.

Our recommendation: a possible option for experienced traders in eligible countries who keep leverage low and deposit only what they can afford to lose. Everyone else should compare alternatives first.