FBS is one of the most heavily marketed brokers in Asia, with a minimum deposit of USD 5 and leverage up to 1:3000. Traders in our countries would deal with FBS Markets Inc., a company licensed in Belize. Its separate Cyprus and Australian companies don’t serve our readers.
Is FBS regulated?
FBS Markets Inc. is licensed by the Financial Services Commission of Belize, license 000102/460 according to independent broker databases. Belize is tier 3 in our model. One thing counted against FBS: the fbs.com homepage we checked shows awards and trading conditions but no legal entity or license number, so we had to rely on third-party listings for them. We’ll confirm against FBS’s legal documents at the next re-check.
FBS in your country
- Malaysia: FBS Markets Inc. lists Malaysia among the countries it doesn’t serve, even though FBS runs community campaigns there.
- India: FBS is on the Reserve Bank of India’s Alert List of unauthorised forex platforms. We don’t link to brokers from our India pages.
- UAE, Saudi Arabia and Pakistan: no local license found.
- Elsewhere: Brazil’s CVM (2017) and Panama’s securities regulator (2012) have both warned that FBS Markets wasn’t authorised to offer services there.
Costs
FBS advertises zero trading commission and spreads from 0.7 pips. Its MetaTrader 5 broker listing gives typical spreads of 0.9 pips on EUR/USD, 1.0 on GBP/USD, 1.1 on USD/JPY and 2.0 on gold. Those are the figures we log, and they’re competitive for a commission-free account.
Deposits and withdrawals
FBS says it supports more than 200 local payment methods, with deposits from USD 5 and withdrawals from two hours. Those are its own claims.
Platforms and accounts
You can trade more than 550 instruments on MT4, MT5 and the FBS app, which also handles deposits and withdrawals. FBS claims order execution from 0.01 seconds and no requotes. Leverage up to 1:3000 means a 0.03% move against you can wipe out your margin.
Who FBS suits
FBS suits small-account traders in the Gulf and Pakistan who want a very low entry point and local payment options, and who accept a Belize license. Malaysian residents aren’t served, and Indian residents face the RBI listing.