FBS Review 2025: Is This Forex Broker Safe?

FBS is a forex broker established in 2017, with a WikiFX Score of 7.59/10. According to the provided WikiFX data, FBS is currently regulated by the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission, which gives it a stronger regulatory profile than many unregulated brokers. However, the review also needs to consider its one regulatory disclosure and the high number of user complaints recorded by WikiFX, including 172 complaints over the most recent three-month period in the supplied data.

Pros and Cons of FBS

• ✅ Regulated by the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission
• ✅ WikiFX Score of 7.59/10 and overall influence ranking of A
• ✅ Trading environment is rated A, with 8,414 users involved in VPS trading environment testing
• ✅ Supports MT4, MT5, and a proprietary trading platform
• ✅ Offers Standard and Ultra account types with an entry condition of 50 units
• ✅ Supports mobile trading on iOS and Android
• ❌ WikiFX records multiple exposure reports and a high number of user complaints
• ❌ One regulatory disclosure is listed in the supplied data
• ❌ User cases frequently mention withdrawal delays, rejected withdrawals, account restrictions, slippage, and price disputes
• ❌ Platform experience is described as average, and Windows, MacOS, Web, and other application support are not listed as supported
• ❌ The software review notes the absence of more secure two-step login and biometric authentication

FBS Regulation and License Safety

FBS has two active regulatory records in the supplied WikiFX data. This is a major positive factor because regulated brokers are generally expected to operate under formal compliance, reporting, and supervision requirements. That said, regulation alone does not remove operational risk. The user complaint record and regulatory disclosure should be reviewed carefully before depositing funds.

Cyprus CYSEC License

FBS is listed as regulated by the Cyprus Securities and Exchange Commission under the entity Tradestone Ltd. The regulation number is 331/17, and the license status is shown as “Regulated.” This license is one of the key reasons FBS receives a stronger safety profile in the WikiFX dataset.

Australia ASIC License

FBS is also listed as regulated by the Australian Securities and Investments Commission under the entity Intelligent Financial Markets Pty Ltd. The regulation number is 426359, and the license status is also shown as “Regulated.” This adds another layer of regulatory recognition in the supplied data.

Regulatory Disclosure

The supplied WikiFX data records one regulatory disclosure connected to the Malaysia Securities Commission. The disclosure category is “Unauthorized,” with the reason stated as engaging in capital market activities involving securities and derivatives trading without permission. The disclosure content references multiple FBS-related websites and investment-alert information.

This does not erase the CYSEC and ASIC regulatory records, but it does create an important caution point. Traders should verify which legal entity they are dealing with and confirm that the website, account-opening process, and payment route match the relevant regulated entity.

Real User Feedback and Complaints

The cases provided show a consistent pattern of complaints. The main issues include withdrawal failures, delayed withdrawals, rejected deposits, profit removal, account freezes, AML-related document requests, price-feed disputes, stop-loss slippage, spread widening, forced take-profit settings, and support delays.

Several users reported that withdrawal requests were marked as successful or approved but did not arrive in their bank, card, crypto wallet, or payment account. Others said withdrawals remained pending for days or weeks, or were repeatedly rejected after profits were made. Some cases also mention that support responses were delayed, vague, or unhelpful.

Another major theme is execution quality. Users described severe slippage, stop-loss orders being triggered at unexpected levels, price candles allegedly differing from other platforms, and spreads widening sharply during certain market conditions. One case claimed a EUR/USD execution difference led to an estimated $30,000 impact, while another claimed forced take-profit settings caused a large loss.

There are also access-related complaints. Some users said their accounts were disabled, frozen, deactivated, or blocked after profits or during verification reviews. Users have reported difficulties with the FBS login process after account restrictions, especially where cases mention disabled accounts, deactivated accounts, or deleted trading and transaction history.

The feedback section is not uniformly about one isolated problem. Instead, the supplied cases point to repeated disputes around withdrawals, trading execution, account verification, profit adjustments, and customer support. These complaints should be weighed against the brokers regulated status and A-rated trading environment.

FBS Forex Trading Conditions and Fees

FBS offers two account types in the supplied data: Standard and Ultra. Both accounts have an entry condition of 50 units and maximum leverage of 1:30. The broker allows locked positions, scalping, and EA trading on both listed accounts. Cryptocurrency trading is not shown as allowed.

Leverage

The maximum leverage shown in the supplied data is 1:30. This applies to both the Standard and Ultra account types. A leverage limit of 1:30 can reduce extreme exposure compared with very high-leverage offerings, but traders should still manage risk carefully because forex and CFD-style trading can produce rapid losses.

Spreads

The Standard account lists a main spread from 0.7, while the Ultra account lists a main spread from 0. The trading environment data gives FBS a Cost Grade of B, with average cost figures of 10.66 and 31.39 for the listed test categories. Although the displayed account spreads look competitive, user complaints repeatedly mention slippage, hidden spread concerns, stop-loss execution disputes, and sudden spread widening.

Platforms

FBS supports proprietary software, MT4, and MT5. The software data says mobile trading is available on iOS and Android, while the reviewed MT5 platform is described as highly customizable, multilingual, and supported by clear fee reports. Traders can access the FBS login through the supported mobile platform environment and MT4/MT5 setup, depending on the account and platform route available to them.

However, the supplied software review also notes limitations. The platform experience is described as average, and Windows, MacOS, Web, and other application support are not listed as supported. The data also states that the reviewed platform lacks two-step login and biometric authentication, which is a security weakness for users who prioritize stronger account-access protection.

Trading Environment Test Results

The WikiFX trading environment grade for FBS is A and the overall description is “Good.” The supplied data includes 8,414 traders and 75,478 test records. Speed is rated A, slippage is rated A, cost is rated B, swap is rated AA, and offline stability is rated AAA.

At the same time, the detailed test data includes weaker points: the slowest speed is marked poor, maximum slippage is marked poor, and swap description includes poor elements. This mixed profile helps explain why the broker may look strong in aggregate testing while still receiving many user complaints about execution outcomes.

Final Verdict

FBS presents a mixed risk profile. On the positive side, it is a regulated forex broker with CYSEC and ASIC records, a WikiFX Score of 7.59/10, MT4/MT5 support, mobile access, and an A-rated trading environment. These are meaningful strengths.

On the negative side, the supplied WikiFX data also shows one regulatory disclosure and a large number of user complaints. The cases repeatedly describe rejected or delayed withdrawals, account freezes, AML verification disputes, profit deductions, slippage, stop-loss disputes, forced take-profit claims, and support problems. These issues are serious enough that traders should proceed cautiously, test withdrawals early, keep records of all transactions, and confirm the exact legal entity and website before depositing.

Overall, FBS may appeal to traders who value MT4/MT5 access and a regulated profile, but the complaint record makes careful due diligence essential. To stay safe and view the latest regulatory certificates, check FBS on the WikiFX App.