Forex Broker

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FBS review

On-line since: 2009
Country of origin Belize
Regulation: IFSC
Payment options: Bank wire transfer, Visa, Mastercard, Webmoney, Skrill, Perfect Money, DIXIPAY, China Union Pay, Qiwi, CashU, Neteller, OKPAY
Minimum account size: $5
Minimum lot size: 0.01
Leverage: from 1:1 to 1:3000
Spreads: from -1 pips on EUR/USD

About the company:

FBS is an international brokerage house providing top quality financial and investment services all over the world. Moreover, being an ECN/STP broker, FBS provide their clients with wide range of services. The aim is to develop and implement top-notch technologies and service level standards that would satisfy the needs of the most demanding investors. The work is based on transparency, honesty and professionalism.

FBS 4/10 (votes 1772)
Author of FBS: Joie | Date 2018-08-13
I opened an account with FBS five months ago and I deposited $200. Their platform is excellent. It has fast execution and advanced indicators that can help me when trading. So I trade regularly and I have been doing quite well. Gaining good profits that could recover my losses. I have accumulated more than a hundred dollars already so I decided to withdraw my profits. I requested three weeks ago but it hasn't been approved until now because of the verification. Whenever I follow up, they just always tell me that it's being processed. Until now, I still haven't received my money.
Author of FBS: Allzeithoch | Date 2018-04-10
I was unable to tolerate trading with FBS broker. I was experiencing bad platform service and they didn't care me. While I was deposited $100 in a micro account. Actually, I saw an order getting loss then I tried to close this long position trade on the MT4 terminal, but I can't be closed the orders for freeze issue when I had closed it was already lost $28. Beside The MT4 terminal useless for trading due to slow execution too. I got big slippage and requote on my orders. Even I can't withdrawal my profit so far, because they canceled all of my withdrawal requests. I have consulted with their support team about my withdrawal and they said to re- withdrawal but they declined it again. I think it is 100% harassment with me.
Author of FBS: Ishoko | Date 2018-02-20
I thought FBS was professional broker but they are not! I have opened Zero Spread Account with them 3 months ago. The main reason to open Zero Spread Account is that they offer fixed spreads in this account but they are not. During the last BOE rate announcement time I got 9 pips spreads on my EUR/JPY pair. When I contact with their live support they inform me that spreads can be increase during the high volatility market. What is the reason to opened Zero Spread Account with big initials deposit? Even today, I got 7 pips spreads on USD/CHF pair when the market was quiet. This can not be a reliable broker. I will wait one month more if their situation does not improve then I will leave this broker.
Author of FBS: jonahtan | Date 2017-11-30
from my point of view, trading with fbs broker give me bad experience only. I try their no deposit bonus which is 50 USD, it is easy to get after complete the verification account, but it is hard to gain profit for newbie like me because their minimum lot is 0.10 which is to risk if market turn out from my analysis for sure the account will margin call. My account can survive only for 3 month after it reach 70 USD then my account has been margin call because price reverse more than 70 pips. Spread for the account is not fixed because it will widen at the morning which make my take profit not triggered because of this problem. Platform sometimes will give me headache during trading activity because of their execution speed that slow to take the orders. Their other bonus for normal account also cannot be rely on because it is not support the margin and if you deposit 100 USD then you got 100% bonus, only your money will support the margin, the bonus just shows only. I left this broker because they are not reliable at all.
Author of FBS: maazi aniek | Date 2017-10-02
I had an unpleasant trading experience with FBS since last month. The problem starts when I requested to withdraw some profits from my ECN trading account worth 290$. Shortly after I sent my passport and the latest copy of my bank statement, I got an email from them saying my documents are in low resolution. So, when I uploaded the documents again, they automatically reject it. According to them, my documents are edited. My patience is wearing out! They're making an alibi just to prevent me from taking out my profits or to to prolong the withdrawal procedure! Imagine my problem is not solved yet and it's been two months already! This only shows FBS is not a good broker to entrust our money. I already stopped my trading activities with them because it's useless anymore. I had a feeling that I couldn't get my money because they didn't accept my documents even the notarized copy of my domicile certificate. This is very frustrating. I really thought FBS has a reliable trading service and they won't leave their clients unattended. My concern was already escalated to my IB, but still nothing happens. I don't want to stress myself. So, I decided to leave and share my trading experience to public sites, like this one, to warn the newbies!
Author of FBS: FBS Official | Date 2017-09-29
Hello, I am an official representative of FBS, I would like to help resolve any issues that you are having. I will post a reply for each statement with name reference, starting from the oldest comment: Dear Iglesias Please kindly always read the terms and conditions of any bonus that you sign up for. It is important to understand how the bonus works. Dear Uriel May I have your account number to check on your claim? FBS never closes orders manually for the client, unless your margin reaches the Stop-Out level. Regarding freezes, again we have to check what you are referring to, but it is important to have stable and good connection at all times. You may also wish to check into FBS VPS Services. Dear Krasnasky - please kindly provide your account number so we can check on this issue for you. What you state is simply impossible. Dear fedrick Can you kindly provide your account number, so we may check on this issue for you? What was the reason for verification denial? Our Live Chat is active 24 hours a day 7 days a week. Please tell us some details, what you mean by the Chat was off? Please also kindly note, that you can always send your claim to support@fbs.com Dear Bonieta Please kindly provide your account number so we may check into this matter for you. 1. What bonus are you referring to that you did not like? 2. Please let us know when you experienced all these difficulties on the platform. 3. Our Live Chat operates 24 hours a day 7 days a week. On which date and approximate time do you claim the Live Chat failed to connect please?
Author of FBS: Bonieta | Date 2017-07-19
Is this broker fbs is real? How about the bonus offered recently which I never received from them, and been waiting for so long to get it. In my opinion, they such not an ideal broker and cannot be trusted anymore. Just stop deceiving people with your fake bonus. I have made a deposit $300 and right after money credited into trading account I continue trade and so surprised when trading platform worked very bad and order were not executed as I wish. The spread changed and increased with all of sudden. Furthermore I noticed the charting activities also very poor and slow. It make me difficult to expect and predict what is actually happen and running on the platform. Live chat failed to be connected and no one able to answer and guide me as a traders. My advice is stay away or you will see bigger loss in your account.
Author of FBS: fedrick | Date 2017-05-11
I have been approached by a stranger trader that claimed he came from Fbs. On July 2016, He asked me to join him and invested 100 USD into trading account. I have done on demo account and run it for 3 weeks. I think I don’t have any problem on trading wise and MT4 platform worked well for me. Unfortunately, I experienced major problem on withdrawal process. To be specific it was about verification problem, the system rejected my document for few times. I tried to contact customer support through live chat however it was not working and off. I have requested a withdrawal of a 50 USD via wire transfer but somehow it took some time to be approve. I have to wait for more than 5 days to get money credited into bank account. These was happened and repeated for the third time and I consider this as a poor service by Fbs.
Author of FBS: Krasnasky | Date 2017-04-03
FBS is just a thief, so don’t put your money to trade with this broker. Thus, FBS is the biggest scam broker I've ever worked in forex during my trading career with 5 years. Although, I trade with another broker for now, I would like to share my bad experience with FBS in last year. In last year, this broker took me over 1000$ from my account and I couldn’t deposit my money since they blocked my account! I worked with FBS 2 years ago, and the deposit and withdrawal is good, no hassle. My problem happened when I wanted to withdraw 1000$. At that time, I couldn’t get money because of the error of server, so I waited 2 weeks. However, the money hasn’t come to my account yet, so I contacted to their customer service. Their customer service always told me that I wait, wait and wait. In fact, there had no change in my account after I had waited more 2 weeks. I’m so angry with these guys, so I contacted them again. Then, they block my account, and they steal all my money – 1000$. In conclusion, FBS is a Big Scam for traders, and I do not recommend this broker for trading!!! Scam!!!
Author of FBS: Uriel | Date 2017-04-03
An unreliable broker, had a bad experience on their platform. When you trade on the demo account,you gain on demo, but when you trade on the live account, you lose on live. They close the trade even when you have not asked them to. They also Freeze the trade when they discover that you are making gains, I have lost all the $200 I invested on FBS platform. They are a big cheat.
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