Hantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lotHantec Markets EUR/USD$1.00/lotSBI FX Trade EUR/USD$3.00/lotTrive EUR/USD$3.00/lotGMO Click Securities (GMO Click FX Neo) EUR/USD$3.00/lotDMM.com Securities (DMM FX) EUR/USD$3.00/lotRakuten Securities (Rakuten FX) EUR/USD$3.00/lotFXOpen EUR/USD$3.00/lotAxi EUR/USD$3.50/lotGO Markets EUR/USD$5.00/lotWindsor Brokers EUR/USD$5.00/lotFP Markets EUR/USD$6.00/lotZero Markets EUR/USD$6.00/lotSpreadex EUR/USD$6.00/lotVantage EUR/USD$6.00/lot
Home / Rankings / FBS
TIER 2 · CySECRBI ALERT LIST#26 of 66 international brokers

FBS review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists FBS as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).
Verdict score
7.4 / 10

Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.

Regulation7.5
Best licence: Tier 2
Trading cost5.0
No published spread
Accessibility10.0
Min deposit $5
Platforms & payments3.8
3 platforms · 0 payment methods
Outside ratings8.6
Trustpilot 4.3 from 10,035
FBS vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Cheapest vs most expensive here, per year$720
Regulation

Who licenses FBS.

Licences as FBS lists them. A tick means we found the entity on the regulator's own register.

RegulatorTierEntityLicence no.On register
CySECTIER 2Tradestone Limited331/17Not yet checked
Accounts

Published EUR/USD costs.

No account pricing published.

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website
fbs.com
Founded
Not published
Headquarters
Not published
Minimum deposit
$5
Max leverage
1:3000
EU/UK leverage cap
1:30
Platforms
MT4, MT5, own app
Deposits & withdrawals
Not published
Islamic (swap-free) account
Not published
Copy trading
Not published
Withdrawal fees
Not published
Inactivity fee
Not published
Restricted countries
Not published
RBI Alert List (India)
LISTED as "FBS" · list of 19 Nov 2025 · checked 24 Oct 2026
Verified reviews

Traded with FBS? Prove it.

Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.

Outside rating used for now: Trustpilot 4.3 from 10,035 reviews.

Compare FBS
Visit FBS
Sources · data as of 2026-10-24

Research notes: fbs.com homepage: 'Spreads from 0.7 pips', commission 0, deposit from $5, leverage up to 1:3000 (not account-specific, not EUR/USD-specific so not recorded per account). fbs.com account-type and legal pages returned client errors; global/offshore entity name and licence (reportedly FBS Markets Inc., FSC Belize) NOT confirmed from a primary page - omitted. EU entity Tradestone Ltd (CySEC 331/17): min deposit EUR100 Standard / EUR10 Cent, leverage 1:30. About page says 15-year anniversary in 2024 (implies ~2009, not recorded).

Spotted something wrong? Brokers and traders can request a correction through our submissions form; we check every change against the source.