FBS is a large offshore broker popular across Southeast Asia: international clients sign with FBS Markets Inc., licensed by the Financial Services Commission of Belize. It offers leverage up to 3,000:1, a $5 minimum deposit, MT4, MT5 and its own app, and local funding such as PromptPay in Thailand. Japan's FSA has warned FBS for soliciting without registration, and Malaysia's Securities Commission lists FBS entities on its Investor Alert List.
- Costs4.3
- Trading conditions4.7
- Safety3.6
- Bonuses4.7
- Platforms and tools3.8
Best for Small deposits with very high leverage
Pros
- High maximum leverage (3,000:1)
- Tight EUR/USD spread (1 pips)
- Negative balance protection
- Low minimum deposit ($5)
Cons
- Offshore licence: limited investor protection
- Max leverage
- 3,000:1
- Min deposit
- $5
- Bonus
- 100% deposit bonus
- Negative balance protection
- Yes
- Stop-out level
- 20%
- Platforms
- MT4, MT5, FBS app
Facts checked 4 November 2026How we score
Compare FBS side by side with other brokers
FBS bonuses and promotions
| No-deposit bonus | At times (in the past the Level Up bonus) |
|---|---|
| Deposit bonus | Rotating campaigns (in the past a 100% deposit bonus) |
| Rebates and loyalty | None |
| Other promotions | None |
Bonuses as published on each broker's official pages. Terms change by country and over time, so check the broker's site before you sign up. N/A means no published information was found. checked 2026-11-04.
FBS key facts
| Max leverage | 3,000:1 |
|---|---|
| Min deposit | $5 |
| Bonus | Rotating promotions |
| Account types | New clients mainly get a Standard account |
| Platforms | MT4, MT5, FBS app |
| Licence | FSC Belize |
| Bonus offered | ✓ |
| No-deposit bonus | At times |
| Deposit bonus | Rotating campaigns |
| Negative balance protection | ✓ |
| Stop-out level | 20% |
| USD/JPY spread | 1.2 pips |
| EUR/USD spread | 1 pips |
| EUR/USD spread (low-spread account, no commission) | No such account |
| Gold spread | 3 pips |
| USD/JPY spread (raw account) | No such account |
| EUR/USD spread (raw account) | No such account |
| Commission (per lot, round turn) | No such account |
| Withdrawal time | E-wallets instant to 1 hour |
| Deposit & withdrawal methods | Thai PromptPay and bank transfer, Malaysian local banks, I… |
| ECN account | ✗ |
| Cent account | ✗ |
| Scalping allowed | ✓ |
| EAs allowed | ✓ |
| Copy trading | ✗ |
| Swap-free | ✓ |
| Crypto CFDs | ✓ |
| Stock CFDs | ✓ |
| Local-language support | ✓ |
| Rebates and loyalty | None |
Verdict
FBS is a high-leverage, low-deposit broker with a big presence in Southeast Asia: 3,000:1 leverage, a $5 minimum, local funding and a simple account line-up. The trade-off is regulation: international clients deal with a Belize company, Japan’s FSA has warned it, and Malaysia’s Securities Commission lists FBS entities as unauthorised.
Good for
- Traders starting with small deposits who want very high leverage
- Funding through local methods: PromptPay in Thailand, local banks in Malaysia and Indonesia
- MT4, MT5 or a simple mobile app
Not for
- Anyone who needs a top-tier regulator for their own account
- Residents of Japan or Malaysia, where regulators have issued warnings
- Traders who want a raw-spread account with commission for new accounts
Company and licence
| Company | Regulator | Role |
|---|---|---|
| FBS Markets Inc. | FSC Belize (licence listed as 000102/460) | International clients |
| Tradestone Ltd | CySEC (Cyprus) | EU clients only |
| Intelligent Financial Markets Pty Ltd | ASIC (Australia) | Australian clients only |
You can search the FSC Belize website for FBS Markets Inc. Belize licences allow high leverage but give far less protection than EU or Australian rules, and there’s no compensation scheme for international clients. Read our licence tiers guide.
Key facts
| Max leverage | 3,000:1 |
|---|---|
| Min deposit | $5 |
| Bonus | Rotating promotions |
| Account types | New clients mainly get a Standard account |
| Platforms | MT4, MT5, FBS app |
| Licence | FSC Belize |
| Bonus offered | ✓ |
| No-deposit bonus | At times |
| Deposit bonus | Rotating campaigns |
| Negative balance protection | ✓ |
| Stop-out level | 20% |
| USD/JPY spread | 1.2 pips |
| EUR/USD spread | 1 pips |
| EUR/USD spread (low-spread account, no commission) | No such account |
| Gold spread | 3 pips |
| USD/JPY spread (raw account) | No such account |
| EUR/USD spread (raw account) | No such account |
| Commission (per lot, round turn) | No such account |
| Withdrawal time | E-wallets instant to 1 hour |
| Deposit & withdrawal methods | Thai PromptPay and bank transfer, Malaysian local banks, I… |
| ECN account | ✗ |
| Cent account | ✗ |
| Scalping allowed | ✓ |
| EAs allowed | ✓ |
| Copy trading | ✗ |
| Swap-free | ✓ |
| Crypto CFDs | ✓ |
| Stock CFDs | ✓ |
| Local-language support | ✓ |
| Rebates and loyalty | None |
Accounts and costs
FBS has simplified its line-up: new clients mainly open a Standard account on MT4, MT5 or the FBS app, with no commission and a spread that review sites put at about 1 pips on EUR/USD. Older account types such as Cent, Micro, Zero Spread and ECN appear in older reviews but may not be open to new clients; check the account list in your client area.
Leverage goes up to 3,000:1, and FBS lowers the maximum as your equity grows, so larger accounts trade with less leverage. Swap-free (Islamic) trading is available. Compare with others on high-leverage brokers and swap-free brokers, and size positions with the margin calculator.
Bonus
FBS’s promotions change over time. In the past it ran a 100% deposit bonus and a no-deposit Level Up bonus; what’s on offer now is shown in the client area. See FBS bonus and how bonus rules work.
Deposits and withdrawals
FBS offers local methods across Southeast Asia: PromptPay and bank transfer in Thailand, local banks in Malaysia (Bank Simpanan Nasional and Bank Islam were added), Indonesian banks at a fixed 10,000 IDR per USD, plus USDT and cards. FBS says it doesn’t charge deposit or withdrawal fees. Review sites list e-wallet withdrawals within an hour and bank transfers in 1-5 business days. Details: FBS deposits and FBS withdrawals.
Safety and warnings
FBS offers negative balance protection, with a stop-out level of 20%. The warnings are the key issue: Japan’s FSA lists FBS Markets Inc. among firms warned for unregistered solicitation, and Malaysia’s Securities Commission lists FBS Malaysia and FBS Trading Berhad on its Investor Alert List. Full details: is FBS safe?
Bottom line
FBS is easy to start with: small deposits, very high leverage and local payment methods. Keep in mind that your account sits with a Belize company, and that regulators in Japan and Malaysia have warned against it. If you’re in Southeast Asia, read your country page first: Thailand, Malaysia or Indonesia.
Licence register details
| Legal entity | Regulator | Licence no. |
|---|---|---|
| FBS Markets Inc. serves readers of this edition | FSC (Belize) | 000102/460 |
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Frequently asked questions
Is FBS regulated?
Its international company, FBS Markets Inc., is licensed by the Financial Services Commission of Belize. Group companies hold CySEC (Cyprus) and ASIC (Australia) licences, but those cover only their own clients.
What is FBS's maximum leverage?
Up to 3,000:1 under FBS Markets Inc., falling as your account equity grows. Use high leverage carefully: small price moves can wipe out a fully leveraged position.
What is the FBS minimum deposit?
$5 for the main account, according to review sites. Some local methods have their own minimums, shown in the client area.
Is FBS available in Japan and Malaysia?
Japan's FSA has warned FBS Markets Inc. for soliciting Japanese residents without registration, and Malaysia's Securities Commission lists FBS Malaysia and FBS Trading Berhad on its Investor Alert List. Residents of both countries have no local protection.
Does FBS have a bonus?
FBS runs promotions that change over time; in the past it offered a 100% deposit bonus and a no-deposit Level Up bonus. Check the promotions page in your client area for what applies now.
