FBS scores 67/100 in our review (grade C, fair), a Belize City, Belize-based broker regulated by FSC (Belize), CySEC (Cyprus), ASIC (Australia). It offers MetaTrader 5, so you can run Market Structure Pro on it.
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Start free trial Visit FBS ↗| Headquarters | Belize City, Belize |
| Founded | 2009 |
| Regulation | FSC (Belize), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) - reported, not fully verified |
| Platforms | MT4, MT5, FBS Trader app |
| MetaTrader 5 | Yes, MSP works here |
| Own platform | FBS Trader |
| Account types | Cent, Standard, ECN, Crypto |
| Min deposit | $5 |
| Typical EURUSD spread | 0.8 pips |
| Typical Gold spread | 0.22 |
| Commission | Standard and Cent accounts commission-free (cost in spread). ECN account tighter spreads with fixed commission ~$6 per lot round-turn. Typical/approximate. |
| Execution | Market maker |
| Funding methods | Card, Bank transfer, Skrill, Neteller, Crypto |
| Demo account | Yes |
| Support | 24/7 |
FBS is a globally oriented forex and CFD broker founded in 2009 and headquartered in Belize City, Belize. It serves retail traders across 100+ countries and best suits beginners and cost-sensitive active traders drawn by a very low $5 minimum deposit, a Cent account for small-size practice, and high leverage. Its offering is CFD- and forex-focused rather than long-term investing.
On regulation, FBS operates multiple entities: FBS Markets Inc under the FSC in Belize, Tradestone Ltd under CySEC in Cyprus (331/17), and an ASIC-registered Australian arm. The CySEC and ASIC licenses provide meaningful oversight for EU/Australian clients, but most non-EU retail clients are handled by the lightly regulated Belize entity, so overall protection is offshore-heavy. FBS also had a 2021 data-exposure incident and is not available in the US, UK or Canada.
On costs and platforms, FBS currently offers MT5 alongside MT4 and its own FBS Trader app across desktop, web and mobile. Standard and Cent accounts are commission-free with floating spreads from about 0.7-0.8 pips on EUR/USD (typical/approximate), while an ECN account offers tighter spreads with a fixed commission around $6 per lot. It lists 550+ instruments spanning forex, metals, indices, energies, stock CFDs and crypto CFDs, with a demo account, no deposit/withdrawal fees, 24/7 support and an active IB/affiliate program.
A separate reputation score out of 100, based on genuine user reviews across the web and kept independent of the feature score above. Our read: reviews are mixed.
FBS earns steady mid-to-high marks (Trustpilot ~4.3/5; editorial 4.3-4.4/5) and confirms CySEC (331/17) and ASIC licensing, but its primary retail entity is offshore under FSC Belize and only EU clients get compensation-scheme protection, a real concern for the offshore accounts most global users hold. Reviews lean positive on fast withdrawals, but for an aggressively bonus-marketed offshore broker the high Trustpilot score should be read cautiously.
Can I use Market Structure Pro with FBS? Yes. FBS offers MetaTrader 5, and MSP is an MT5 indicator, so it runs on any of their MT5 accounts. See the install guide.
Sources: fbs.com · en.wikipedia.org · investingoal.com · brokerchooser.com. Figures are typical and change, so confirm on the broker's site.
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