FBS Review

 

Overall, this FBS review summarises the broker as credible for South African traders with very low spreads and commissions.

FBS charges low stock and stock index CFD fees and offers 24/7, efficient online support.

 

 

 

 

FBS Spider Chart

 

Overview

 

• FBS is a popular online forex and CFD broker that is particularly enticing to South African traders due to its robust regulatory environment, which includes oversight by the Cyprus Securities and Exchange Commission (CySEC).
• FBS, founded in 2009, has targeted its offerings to beginner and seasoned traders.
• Its user-friendly interface streamlines navigation through numerous trading instruments, such as forex pairs, commodities, equities, and cryptocurrencies.
• FBS caters to various trading demands by offering a single trading account with flexible trading conditions, benefiting different trading styles and degrees of skill.

 

 

Pros and Cons

 

FBS Safety and Security

 

FBS is regulated by several respected agencies, including the FSC, CySEC, and ASIC, which ensure high security and compliance for traders.

 

Global Regulations

 

Protection of Client Funds

 

Security while Trading

• FBS's safety and security features are critical considerations for South African traders who are choosing the platform for their forex and CFD trading requirements.
• As a broker regulated by multiple financial institutions, FBS is committed to adhering to international and local regulatory standards.
• This multi-jurisdictional regulation is especially encouraging for South African traders because it suggests that FBS operates under stringent norms and control, increasing the platform's credibility.

 

 

Is FBS regulated by trustworthy authorities?

Yes. FBS holds licenses from CySEC (EU), ASIC (Australia), IFSC/FSC (Belize), and FSCA (South Africa), ensuring strong oversight, regular audits, and compliance with international financial standards.

 

How does FBS protect my funds and data?

FBS safeguards client funds in segregated tier‑1 bank accounts, enforces negative‑balance protection, uses 128‑bit SSL encryption, PCI DSS compliance, external vulnerability scans (ASV), and offers optional 2FA to secure accounts.

 

FBS At a Glance

 

FBS Account Types and Features

 

 

Account

• FBS provides a bespoke trading account for South African traders to accommodate various trading tastes and experience levels.
• This account is famous for its simplicity and adaptability, making it an excellent alternative for beginner and experienced traders.
• One of the most appealing aspects of the FBS retail account is its low entrance barrier. The first deposit requirement is set at a low level, starting from 90 ZAR / $5.
• This low deposit threshold appeals to inexperienced traders or those wanting to begin trading with a smaller capital input, decreasing financial risk.

 

 

Demo Account

• FBS offers a diverse demo account that caters to different trading tastes. This account is very useful for both new and experienced traders in South Africa, allowing them to experiment with different trading environments and features.
• The demo account provides a risk-free platform for South African traders to improve their trading techniques and familiarize themselves with the platform's many tools and indicators. This boosts their ability to make informed trading decisions in live market conditions.
• Continuous access to the demo account guarantees that traders may continue to hone their trading skills and study the platform's potential without risking their money.

 

Islamic Account

• An Islamic, or swap-free, trading account is one that is allowed by Islamic Sharia law. These accounts are based on the Islamic principle where interest is not applied to positions that are held open for longer than a trading day after the trading day has concluded.
• Islamic Accounts are provided by brokers who serve Middle Eastern clients, along with clients from other jurisdictions, and offer certain features that are in line with Sharia law, which prohibits the accrual of interest on funds deposited into the account.
• The other important feature of an Islamic Account is that transactions must be settled immediately, requiring that currencies be transferred from one account to the other right after the transaction has been completed and therefore paid for in full.

 

There are two key elements of Islamic law that relate specifically to trading accounts, these elements are:

• Riba
• Gharar

 

Riba is the prohibition of generating money from money, which in this case specifically refers to an interest, which is not allowed according to Sharia law. This type of interest is seen as both unjust and exploitative gains pertaining to trade or business.

 

 

 

What account types does FBS offer?

FBS provides six main account types: Cent, Micro, Standard, Zero Spread, Pro (Unlimited), and ECN, each suited to different trading styles from low‑cost cent trading to a raw‑spread ECN account with commission.

 

Are Islamic (swap‑free) accounts available?

Yes. FBS offers swap‑free Islamic accounts across all account types, including Cent and Standard, to comply with Sharia principles and avoid overnight swap charges.

 

How to Open an FBS Account step by step

 

To open an account with FBS, South Africans can follow these steps:

 

Step 1 – Select the Open Account Option

• On the FBS website, navigate to Financials and select “Open Account.”

 

 

Step 2 – Complete Information

• Provide an email address, a full name, and select ‘register as a trader.
• Alternatively, to provide contact information, traders can select the option to register using Facebook, Google, or an Apple ID

 

 

Step 3 – Select Password

• Select your own password or temporary password and then click on Create password.

 

 

Step 4 – Email confirmation

• Click on the link that was sent to your email. And then you will be on your dashboard.

 

 

 

FBS Base Account Currencies and Basic Order Types

The base account currencies available to South Africans include the following:

EUR
USD

 

FBS Basic Order Types include:

• A market order can be either a buy or a sell order that executes at the current market price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
• Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
• A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market price.

 

 

FBS Trading Platforms

 

MetaTrader 4

 

• MT4‘s dependability and user-friendliness make it a favored option among numerous traders in South Africa, from novices to seasoned professionals. Its compatibility with FBS's trading environment is notable.
• By utilizing the platform's sophisticated charting functionalities and an extensive collection of technical indicators, one can effectively capitalize on FBS's fluctuating spreads, which start from a minimal 0.7 pips.
• This integration enables traders from South Africa to perform accurate market analyses, which is essential for capitalizing on FBS's competitive trading conditions.

 

MetaTrader 5

 

• By incorporating more advanced tools and features, MT5 enhances the trading experience for South African traders. This aligns with FBS's diverse product portfolio, allowing traders to deal in equities, indices, commodities, and forex.
• In addition to FBS's favorable trading conditions, MT5's augmented analytical capabilities include a wider range of technical indicators and graphical objects that offer deeper insights into market trends.
• A significant advantage of this platform is its ability to process larger orders while offering an extended time frame analysis feature, which allows it to adapt to fluctuating markets using different strategies.

 

FBS APP

 

• Users can access the user-friendly FBS Trading App for their forex and CFD trading needs.
• The application provides users with an unproblematic trading platform through real-time price monitoring alongside quick order handling and access to multiple trading instruments that cover forex pairs, stocks, and commodities.
• The platform provides both a demo education account and premium market conditions for its user base, spanning from novices to pros.
• FBS provides a reliable mobile trading solution for traders through its user-friendly interface that connects to MetaTrader platforms.

 

FBS app reviews

 

Which trading platforms does FBS support?

FBS supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary FBS Trader mobile app. These are available across desktop (Windows, macOS), web, iOS, and Android.

 

Can I trade directly from my web browser?

Yes. FBS offers web versions of both MT4 and MT5, allowing traders to access their accounts and trade directly without installing any software.

 

Which Markets Can You Trade with FBS?

 

South African traders can expect the following range of markets from FBS:

 

Financial Instruments and Leverage offered by FBS

 

Broker Comparison for a Range of Markets

 

 

What asset classes are offered by FBS?

FBS supports a wide range: 75+ forex pairs (majors, minors, exotics), CFDs on metals, energies, global indices, shares, and cryptocurrencies, over 550 instruments.

 

Does FBS offer cryptocurrency trading?

Yes. FBS provides crypto CFDs on popular tokens like Bitcoin and Ethereum, without requiring ownership of the underlying assets.

 

FBS Deposit and Withdrawal

 

FBS Deposit Currencies, Deposit and Withdrawal Processing Times

 

Broker Comparison – Deposit and Withdrawals

 

Deposit  Methods:

To deposit funds to an account with FBS, South African traders can follow these steps:

• Enter your account information to access your Area on the FBS website.
• Go to your Trader Area's “Finances” section.
• To begin the deposit procedure, select the “Deposit” option.
• You can choose a payment option that is convenient for you, such as bank transfers, credit/debit cards, or electronic payment systems.

 

Withdrawal methods:

To withdraw funds from an account with FBS, South African traders can follow these steps:

• You can access your FBS Personal Area via their website.
• Navigate to your Personal Area's “Finances” section.
• To begin a withdrawal, click the “Withdrawal” button.
• Select your desired withdrawal method, including bank transfers, e-wallets, crypto wallets, or debit/credit cards.

 

FBS offers South African traders the following deposit and withdrawal methods:

 

 

How do I make deposits and withdrawals with FBS?

Use any funding method via your Personal Area cards, e-wallets, bank transfers, or exchangers. Withdrawals follow the same methods and are proportionally distributed among them.

 

Does FBS charge any fees for transactions?

No. FBS itself charges no fees for deposits or withdrawals; clients may incur fees from third-party providers like banks or payment systems.

 

FBS Sign Up Bonus

 

Key-Details

The FBS Deposit Bonus gives 100% extra funds on your first deposit, and then up to a 60% bonus on each subsequent deposit over $100.

The total bonus limit across all your accounts is $25,000.

The bonus funds themselves cannot be withdrawn, but any profits made from trading with the bonus can be withdrawn (provided you meet the conditions).

 

To get the bonus:

• (1) Register & verify your account.
  
• (2) Choose your payment method and deposit.
• (3) Bonus is credited automatically.

 

FBS does not offer a no-deposit bonus.

The bonus is available for select regions (e.g., South Africa, Kenya, Nigeria) and depends on local regulatory rules.

 

Partnership Program

 

• The FBS partnership program provides South Africans with an excellent opportunity to start their own business with no initial investment.
• By becoming a partner, you can earn significant income by referring new clients to FBS. The more these customers trade, the more money you can make.
• The first step in this fantastic adventure is to open a Partner account. FBS offers partners some of the best conditions in the market.
• You can earn large commissions on your clients' trading activities, potentially earning up to 43% of the spread, making it one of the most profitable payment systems.
• The FBS affiliate program distinguishes itself by its convenience. Daily commissions are credited to your Partner account, providing consistent income.

 

How to open an Affiliate Account with FBS

To register an Affiliate Account, South African traders can follow these steps:

• Opening an affiliate account with FBS is simple. It is meant to assist traders, particularly those in South Africa, to increase their revenue.
• To open an affiliate account, navigate to the official FBS website using your chosen web browser.
• Navigate to the “Partners” area on the homepage's main menu.
• Locate and click on the “Become a Partner” link in the “Partners” section.
• You will begin the affiliate program registration procedure by clicking this link.
• You will be presented with a registration form in which you must enter personal information such as your name, email address, and phone number.
• After completing the form, press the “Submit” or “Register” button to submit your application.
• After you submit your application, FBS will review it as soon as possible.
• If your application is accepted, you will receive email instructions on accessing and managing your affiliate account.
• The approval procedure is often quick, allowing you to begin your affiliate adventure immediately.
• Being an FBS affiliate provides various benefits, making it a profitable possibility for South African traders.
• Affiliates benefit from attractive commission rates, a wide range of marketing materials, and personalized support from the FBS team.

 

Does FBS have an affiliate or IB program?

Yes. FBS offers referral programs such as the Affiliate, IB, and Rebate programs, where partners earn bonuses or commissions based on client activity.

 

Are there restrictions for partners based on region?

Partner availability may vary by region due to regulatory or internal policies, but FBS lists a broad global affiliate network with over 700,000 registered partners.

 

FBS vs XTB vs Tickmill – A Comparison

 

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Education and Research

 

FBS offers the following Educational Materials to South African traders:

 

 

FBS also offers South African traders the following additional Research and Trading Tools:

• Forex News Feed
  
• Daily Market Analysis
  
• VIP Analytics
  
• Economic Calendar
  
• Forex Calculators
  
• Currency Converter

 

Research and Trading Tool Comparison

 

FBS Current Expansion Focus

• FBS is currently expanding across South America, Asia, and Africa.

 

Countries not accepted by FBS.

• FBS does not offer financial services to residents of certain jurisdictions, including, but not limited to, the USA, the EU, the UK, Israel, the Islamic Republic of Iran, and Myanmar.

 

Popularity among South African traders who choose FBS

• FBS is one of the Top 10 forex and CFD brokers for South African traders.

 

 

What educational resources does FBS provide?

FBS features a robust learning center with webinars, seminars, video lessons, blog articles, and a forex guidebook, covering everything from basics to technical strategy.

 

What market tools help with research?

FBS offers an economic calendar, forex calculators, a currency converter, Forex TV news feed, daily market analysis, and VIP analytics via email or Telegram.

 

Corporate Social Responsibility

 

• FBS is deeply devoted to corporate social responsibility (CSR), actively participating in various activities and programs to positively impact society and improve community well-being.
• These activities are in line with the purpose of long-term development, assuring FBS's future, and having a beneficial societal impact.
• Importantly, FBS's CSR efforts help to develop a positive brand image and reputation, attracting new customers and increasing revenue.

 

 

FBS VPS Review

 

• FBS provides a valuable Virtual Private Server (VPS) solution to help South African traders enhance their trading experience.
• Furthermore, a one-time deposit of at least $450 is necessary to gain access to this service for free during the first month.
• This initial contribution can be made easily through your area.
• The VPS service charges $33 monthly beginning with the second month.

 

 

FBS News & Analytics

 

 

Partnership between FBS and Leicester City

 

• The partnership between FBS and Leicester City F.C. is a strategic sports sponsorship designed to boost global brand visibility and engagement. Announced in 2021 as a principal partnership, the deal saw FBS become the club’s main shirt sponsor, with its logo featured prominently during Premier League matches and across digital and media platforms.
• This collaboration leveraged Leicester City’s worldwide fanbase—built on its historic 2015/16 Premier League triumph—to help FBS expand its international reach through televised games, social media, and club-related promotions.
• Over time, the partnership evolved, with FBS transitioning into roles such as Official Partner and Training Wear Partner, maintaining a strong brand presence at training sessions and club events.
• Overall, the alliance highlights how financial trading brands use elite football sponsorships to enhance credibility, audience trust, and global exposure in competitive markets.

 

Customers Reviews

 

⭐ Trustworthy

This broker has acquired my trust because it provides everything required for profitable trading. All of the critical services I want are readily available and work wonderfully. Notably, newcomers will also find all of their demands satisfied here. – Samuel Khoza

 

⭐ Exceeds Expectations

My choice to deal with them originates mainly from their infrastructure, which matches my expectations and continuously exceeds them. – Chloe Du Plessis

 

⭐ Great!

FBS broker hits an outstanding balance: it is pretty easy and beneficial. Isn't that a fantastic combination? I am sure of it. Extensive research isn't necessary because all information about their services is easily accessible on their website, and a lot of information about the brand is available online. – Luke Meyer

 

Customer Support

 

 

 

References

Tradestone LTD. CySEC.

FBS PTY LTD. ASIC.

FBS.com MetaTrader5.

MetaTrader4.com

 

You might also like:

FBS Account Types

FBS Demo Account

FBS Fees and Spreads

FBS Islamic Account

FBS Minimum Deposit

 

Disclosure

FBS Risk Warning and Disclaimer for Traders:  Trading in financial markets has significant risks, including losing your invested cash.

Leverage, which can magnify gains and losses, necessitates a thorough understanding of these risks.

South African traders must understand that FBS's financial offerings may not be suitable for everyone, particularly those unfamiliar with complex financial instruments.

Before trading, traders are urged to talk to an independent financial advisor and ensure they understand all the dangers.

In addition, it is crucial to note that trading is not for everyone. Therefore, it is critical to understand the risks and the appropriate legislation in South Africa.

 

Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.

 

Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.

Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

Frequently Asked Questions

 

What is FBS?

FBS is an international forex and CFD broker founded in 2009. It offers trading in forex, commodities, indices, stocks, and crypto through platforms like MetaTrader 4, MetaTrader 5, and its proprietary FBS Trader app.

 

Is FBS regulated?

Yes, FBS is regulated by several authorities, including the IFSC (Belize) and CySEC (Cyprus), providing different levels of protection depending on your region. Always check which entity you’re registered under when opening an account.

 

What account types does FBS offer?

FBS offers multiple account types, including Standard, Cent, Micro, Zero Spread, and ECN. Each account is tailored for different traders' needs, with various spreads, commissions, and minimum deposit requirements.

 

What is the minimum deposit at FBS?

The minimum deposit at FBS varies by account type. For example, the Cent account requires just $1, while ECN accounts start from $1000. This flexibility makes FBS accessible for all trader levels.

 

Does FBS offer Islamic accounts?

Yes, FBS provides swap-free Islamic accounts for Muslim traders. These accounts comply with Sharia law by eliminating overnight interest fees on open positions.

 

What trading platforms does FBS support?

FBS supports MetaTrader 4, MetaTrader 5, and its own mobile trading platform, FBS Trader. These platforms offer powerful trading tools, charts, indicators, and automated trading features for enhanced performance.

 

Is a demo account available with FBS?

Yes, FBS offers a free demo account that lets traders practice in real-time market conditions using virtual funds. It’s perfect for beginners or anyone testing new strategies risk-free.

 

What instruments can I trade with FBS?

FBS allows trading in over 100 instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies, offering plenty of opportunities for portfolio diversification.

 

How do I deposit and withdraw funds?

FBS supports deposits and withdrawals through bank transfers, cards, and e-wallets like Skrill and Neteller. Processing times vary by method, but deposits are usually instant, and withdrawals take 1–2 business days.

 

Does FBS provide customer support?

Yes, FBS offers 24/7 multilingual customer support via live chat, email, and social media. The support team helps with technical issues, account questions, and trading assistance whenever needed.