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FBS Review 2024

Written by
Krisztián G.
Fact checked by
Adam N.
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
2,641 people chose this broker
Not available in United States; see best alternatives

Why choose FBS

FBS is a global CFD broker with low stock CFD and stock index CFD fees and no inactivity fee. The account opening process is fast and simple, while deposits and withdrawals are free of charge and user-friendly. The education materials are excellent.

On the negative side, FBS has a limited product portfolio covering only CFDs. There are only a few account base currencies, and there is no investor protection for non-EU clients.

BrokerChooser gave FBS a 4.2/5 rating based on analyzing 600+ criteria and testing via opening a live account.

Note: Our assessment covers the entity operating under the fbs.eu domain; services and costs at other branches of the broker may differ.

  • Low stock and stock index CFD fees and no inactivity fee
  • Easy and fast account opening
  • Excellent education services

Explore the key metrics of FBS

Overall score
4.2/5
Minimum deposit
$1.08
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
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72.12% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 4.2/5
FBS has low stock and stock index CFD fees and charges no withdrawal and inactivity fees. On the other hand, its forex spread fees are average.
  • Low stock and stock index CFD fees
  • No inactivity fee
  • No withdrawal fee

We compared FBS's fees with two similar brokers we selected, Admirals (Admiral Markets) and XM. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of FBS alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.9.

Broker
EURUSD spread
FX commission per lot
FBS
0.9
No commission is charged
Admirals (Admiral Markets)
0.1
$3.00 commission per lot per trade
XM
0.1
$3.50 commission per lot per trade on XM Zero accounts
FBS forex spreads and commissions

This FX fee classification is based on a trade scenario calculation, which captures spread, commission, and overnight fees. FBS has average spreads, but FX overnight fees are low.

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 1.5.

Broker
S&P 500 CFD spread
FBS
1.5
Admirals (Admiral Markets)
0.4
XM
0.5
FBS index CFD spreads and commissions

Low stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 0.3.

Broker
Apple CFD
FBS
$1.6
Admirals (Admiral Markets)
$1.1
XM
$1.6
FBS stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

There is no deposit, withdrawal or account fee. FBS also doesn't charge an inactivity fee, which is a great plus and sets it apart from its closest competitors.

Broker
Inactivity fee
Withdrawal fee
FBS
$0
Admirals (Admiral Markets)
$0
XM
$0
FBS inactivity, withdrawal and other fees

Safety

FBS is regulated by multiple financial authorities and provides negative balance protection. However, it is not listed on any stock exchange and does not publicly disclose financial information.
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
FBS's deposit and withdrawal services are great, with many options for moving your money in and out, all free of charge. However, we would have loved to see more account currencies.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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Account opening

Score: 5/5
The account opening process at FBS is user-friendly and fully digital. The process is very fast; our account was approved within a day.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 4.3/5
FBS Trader is a well-designed and user-friendly mobile trading platform, equipped with a good search function and safe login. However, price alerts and biometric authentication are not supported.
  • User-friendly
  • Two-step (safer) login
  • Good search function
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Desktop platform

Score: 3.7/5
In terms of design and functionality, the FBS MetaTrader 5 desktop platform is highly similar to the web trading platform, except you can also set price alerts here.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 1.7/5
At FBS, you can trade only CFD products. Many popular asset types, like real stocks and ETFs, are not available.
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“I recommend FBS for forex and CFD traders because they provide a wide range of currency pairs. This broker is not suited for investors, though, because stocks, funds and bonds are not available. FBS also has excellent education materials.”

FAQ

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Author of this review

Krisztián Gátonyi

Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit FBS 72.12% of retail CFD accounts lose money

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