FBS review 2026

FBS is a high-leverage retail broker popular in Asia and Africa. Most clients trade through its Belize entity, with separate licensed entities in Cyprus and Australia.

By the brokerdossier.com research team
Desk research review, hands-on testing pending
Updated 11 Nov 2026
Advertiser disclosure

This profile is built from public sources. Each licence row shows whether our team has checked it against the regulator's register yet. Confirm on the register yourself before you deposit.

Our assessment

Strengths

Very low minimum deposit
CySEC and ASIC licensed entities exist in the group
Local-language support in many countries

Weaknesses

Most clients are served offshore from Belize
Extremely high leverage raises the risk of rapid loss
Bonus promotions are common on the offshore entity

Best for Small-account traders outside Europe who understand the risk of offshore accounts.

How this Dossier Score adds up

The score is calculated by a published formula from the five components below. It changes with your country, because the first component follows the company that would hold your account.

Entity that serves youRegulator tier of the company that would hold your account16 of 45

Group licencesOther tier 1 and tier 2 licences held in the same group10 of 26

Company structurePublicly listed, or a licensed bank0 of 12

Track recordYears in business12 of 12

PenaltiesRegulatory penalties on record in the last five years0 of −15

Methodology v1.1. How the Dossier Score is calculated. Commissions are not an input.

Regulation and legal entities

A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.

Legal entity	Regulator	Licence no.	Max. leverage	Our check
FBS Markets Inc. Serves you Belize	FSC Belize Tier 3 (offshore)	To be confirmed	Varies	Not yet verified by us Open register
Tradestone Ltd Serves you Cyprus, ICF up to €20,000	CySEC Tier 2	331/17	1:30	Not yet verified by us Open register
Intelligent Financial Markets Pty Ltd Serves you Australia	ASIC Tier 1	426359	1:30	Not yet verified by us Open register

Key facts

Founded: 2009
Headquarters: Belize
Publicly listed: No
Group regulators: FSC Belize, CySEC, ASIC
Minimum deposit: $5
Platforms: MetaTrader 4, MetaTrader 5, Own platform
Execution: Market maker, STP
Copy trading: No
Islamic account: Yes
Demo account: Yes

Accounts and fees

Spreads we measured

We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.

Platforms and execution

FBS offers MetaTrader 4, MetaTrader 5, Own platform. Execution model as described by the broker: Market maker, STP.

Deposits and withdrawals

We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.

Country availability

Pick your country in the header to see which FBS entity would serve you.

Not accepted, according to the broker: United States.

Questions readers ask

Is FBS regulated?

FBS operates through 3 legal entities in our database, holding licences or registrations with: FSC Belize, CySEC, ASIC. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.

What is the minimum deposit at FBS?

FBS advertises a minimum first deposit of $5 on its entry-level account. The amount can differ by entity, account type and payment method.

Which trading platforms does FBS offer?

FBS offers: MetaTrader 4, MetaTrader 5, Own platform. Platform availability can vary between its entities.

Is FBS a safe broker?

No broker is risk-free. Our Global Dossier Score for FBS is 38 out of 100. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.

CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Alternatives that share a regulator

Broker	Dossier Score	Entity serving you	Min. deposit	Platforms	Actions
CMC Markets Founded 1989 Listed	91	CMC Markets UK plc FCA #173730 Tier 1	$0	Own platformMT4TradingView	Review Visit site
Interactive Brokers Founded 1978 Listed	91	Interactive Brokers LLC CFTC/NFA #0258600 Tier 1	$0	Own platformTradingView	Review Visit site
City Index Founded 1983 Listed	89	StoneX Financial Ltd FCA #446717 Tier 1	—	Own platformMT4TradingView	Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.