FBS charges low stock and stock index CFD fees and offers 24/7, efficient online support.
Yes. FBS holds licenses from CySEC (EU), ASIC (Australia), IFSC/FSC (Belize), and FSCA (South Africa), ensuring strong oversight, regular audits, and compliance with international financial standards.
FBS safeguards client funds in segregated tier‑1 bank accounts, enforces negative‑balance protection, uses 128‑bit SSL encryption, PCI DSS compliance, external vulnerability scans (ASV), and offers optional 2FA to secure accounts.
There are two key elements of Islamic law that relate specifically to trading accounts, these elements are:
Riba is the prohibition of generating money from money, which in this case specifically refers to an interest, which is not allowed according to Sharia law. This type of interest is seen as both unjust and exploitative gains pertaining to trade or business.
FBS provides six main account types: Cent, Micro, Standard, Zero Spread, Pro (Unlimited), and ECN, each suited to different trading styles from low‑cost cent trading to a raw‑spread ECN account with commission.
Yes. FBS offers swap‑free Islamic accounts across all account types, including Cent and Standard, to comply with Sharia principles and avoid overnight swap charges.
The base account currencies available to South Africans include the following:
FBS supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary FBS Trader mobile app. These are available across desktop (Windows, macOS), web, iOS, and Android.
Yes. FBS offers web versions of both MT4 and MT5, allowing traders to access their accounts and trade directly without installing any software.
FBS supports a wide range: 75+ forex pairs (majors, minors, exotics), CFDs on metals, energies, global indices, shares, and cryptocurrencies, over 550 instruments.
Yes. FBS provides crypto CFDs on popular tokens like Bitcoin and Ethereum, without requiring ownership of the underlying assets.
To deposit funds to an account with FBS, South African traders can follow these steps:
To withdraw funds from an account with FBS, South African traders can follow these steps:
Use any funding method via your Personal Area cards, e-wallets, bank transfers, or exchangers. Withdrawals follow the same methods and are proportionally distributed among them.
No. FBS itself charges no fees for deposits or withdrawals; clients may incur fees from third-party providers like banks or payment systems.
The FBS Deposit Bonus gives 100% extra funds on your first deposit, and then up to a 60% bonus on each subsequent deposit over $100.
The total bonus limit across all your accounts is $25,000.
The bonus funds themselves cannot be withdrawn, but any profits made from trading with the bonus can be withdrawn (provided you meet the conditions).
The bonus is available for select regions (e.g., South Africa, Kenya, Nigeria) and depends on local regulatory rules.
Yes. FBS offers referral programs such as the Affiliate, IB, and Rebate programs, where partners earn bonuses or commissions based on client activity.
Partner availability may vary by region due to regulatory or internal policies, but FBS lists a broad global affiliate network with over 700,000 registered partners.
FBS also offers South African traders the following additional Research and Trading Tools:
FBS features a robust learning center with webinars, seminars, video lessons, blog articles, and a forex guidebook, covering everything from basics to technical strategy.
FBS offers an economic calendar, forex calculators, a currency converter, Forex TV news feed, daily market analysis, and VIP analytics via email or Telegram.
This broker has acquired my trust because it provides everything required for profitable trading. All of the critical services I want are readily available and work wonderfully. Notably, newcomers will also find all of their demands satisfied here. – Samuel Khoza
My choice to deal with them originates mainly from their infrastructure, which matches my expectations and continuously exceeds them. – Chloe Du Plessis
FBS broker hits an outstanding balance: it is pretty easy and beneficial. Isn’t that a fantastic combination? I am sure of it. Extensive research isn’t necessary because all information about their services is easily accessible on their website, and a lot of information about the brand is available online. – Luke Meyer
FBS Risk Warning and Disclaimer for Traders: Trading in financial markets has significant risks, including losing your invested cash.
Leverage, which can magnify gains and losses, necessitates a thorough understanding of these risks.
South African traders must understand that FBS’s financial offerings may not be suitable for everyone, particularly those unfamiliar with complex financial instruments.
Before trading, traders are urged to talk to an independent financial advisor and ensure they understand all the dangers.
In addition, it is crucial to note that trading is not for everyone. Therefore, it is critical to understand the risks and the appropriate legislation in South Africa.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
FBS is an international forex and CFD broker founded in 2009. It offers trading in forex, commodities, indices, stocks, and crypto through platforms like MetaTrader 4, MetaTrader 5, and its proprietary FBS Trader app.
Yes, FBS is regulated by several authorities, including the IFSC (Belize) and CySEC (Cyprus), providing different levels of protection depending on your region. Always check which entity you’re registered under when opening an account.
FBS offers multiple account types, including Standard, Cent, Micro, Zero Spread, and ECN. Each account is tailored for different traders’ needs, with various spreads, commissions, and minimum deposit requirements.
The minimum deposit at FBS varies by account type. For example, the Cent account requires just $1, while ECN accounts start from $1000. This flexibility makes FBS accessible for all trader levels.
Yes, FBS provides swap-free Islamic accounts for Muslim traders. These accounts comply with Sharia law by eliminating overnight interest fees on open positions.
FBS supports MetaTrader 4, MetaTrader 5, and its own mobile trading platform, FBS Trader. These platforms offer powerful trading tools, charts, indicators, and automated trading features for enhanced performance.
Yes, FBS offers a free demo account that lets traders practice in real-time market conditions using virtual funds. It’s perfect for beginners or anyone testing new strategies risk-free.
FBS allows trading in over 100 instruments, including forex pairs, metals, energies, indices, stocks, and cryptocurrencies, offering plenty of opportunities for portfolio diversification.
FBS supports deposits and withdrawals through bank transfers, cards, and e-wallets like Skrill and Neteller. Processing times vary by method, but deposits are usually instant, and withdrawals take 1-2 business days.
Yes, FBS offers 24/7 multilingual customer support via live chat, email, and social media. The support team helps with technical issues, account questions, and trading assistance whenever needed.
