My FBS Platform Review for Canada (July 2025)

My opinion on FBS

Last update: July 2, 2025

Discover the broker

3.6

Score

3.6

Score

P. LauroreFinance expert

FBS stands out as a globally recognized CFD and Forex broker thanks to its attractive pricing model (tight spreads from 0.5 pips, low commissions, and no inactivity fees), extensive asset variety (240+ markets including forex, stocks, indices, commodities, and a selection of cryptocurrencies), and advanced trading features.
Though not regulated by Canadian authorities, FBS is overseen internationally (IFSC Belize and CySEC for the EU) and serves 27 million traders worldwide since its launch in 2009, building a trustworthy reputation among retail traders with a Trustpilot score of 4.0/5 from over 5,700 reviews.
With robust trading platforms (MT4/MT5, proprietary mobile app), high maximum leverage (up to 1:3000 for forex), and a strong copy trading offering, FBS effectively competes with major global brokers—especially through low fees and flexible accounts for all experience levels.
FBS is a reliable choice for cost-conscious, globally minded traders who prioritize a wide spectrum of CFD instruments and value responsive support.
In my experience, this broker is best suited to the following trader profiles:

➡️ The cost-conscious forex and CFD trader: this profile focuses on minimizing trading costs while accessing a broad range of instruments. FBS appeals to these traders thanks to its tight spreads from 0.5 pips, low commissions, no inactivity fees, and flexible account types designed for various trading styles and budgets.

➡️ The high-leverage, short-term trader: this type of trader seeks to amplify returns on small market moves through significant leverage. FBS, offering up to 1:3000 leverage on forex, is suited for experienced traders comfortable managing risk in a high-leverage environment, with fast execution on MT4, MT5, or its mobile app.

➡️ The copy trader or beginner looking for guidance: this trader benefits from replicating strategies of more experienced market participants. FBS’s copy trading solutions and user-friendly platforms make it attractive for newcomers wanting exposure to markets while learning through observation and practice.

Pros

• ✅Ultra-low minimum deposits starting from $1; diverse account types for every trader profile
• ✅Competitive spreads (EUR/USD from 0.5 pips) and no inactivity fee
• ✅Wide range of 240+ tradable assets: forex, stocks, indices, commodities, cryptos
• ✅High leverage available (forex up to 1:3000, indices/commodities up to 1:500)
• ✅Advanced trading platforms: MT4, MT5, and FBS Trader app (mobile, desktop, web)
• ✅Copy trading via dedicated FBS CopyTrade app
• ✅Fast deposits and withdrawals with multiple methods, including crypto wallets
• ✅24/7 responsive multilingual customer support
• ✅Unlimited free demo accounts with up to $10,000 virtual balance
• ✅No account opening or inactivity fees

Cons

• ❌Not regulated by Canadian authorities; no IIROC/OSC investor protection
• ❌No direct spot crypto trading or staking/lending features
• ❌Relatively limited choice of crypto assets (5+ major tokens only)
• ❌Stock and ETF trading only via CFDs; not available as physical assets

Discover the broker

3.6

Score

3.6

Score

ProsCons

• ✅Ultra-low minimum deposits starting from $1; diverse account types for every trader profile
• ✅Competitive spreads (EUR/USD from 0.5 pips) and no inactivity fee
• ✅Wide range of 240+ tradable assets: forex, stocks, indices, commodities, cryptos
• ✅High leverage available (forex up to 1:3000, indices/commodities up to 1:500)
• ✅Advanced trading platforms: MT4, MT5, and FBS Trader app (mobile, desktop, web)
• ✅Copy trading via dedicated FBS CopyTrade app
• ✅Fast deposits and withdrawals with multiple methods, including crypto wallets
• ✅24/7 responsive multilingual customer support
• ✅Unlimited free demo accounts with up to $10,000 virtual balance
• ✅No account opening or inactivity fees

My opinion on FBS

Last update: July 2, 2025

P. LauroreFinance expert

Pros

• ✅Ultra-low minimum deposits starting from $1; diverse account types for every trader profile
• ✅Competitive spreads (EUR/USD from 0.5 pips) and no inactivity fee
• ✅Wide range of 240+ tradable assets: forex, stocks, indices, commodities, cryptos
• ✅High leverage available (forex up to 1:3000, indices/commodities up to 1:500)
• ✅Advanced trading platforms: MT4, MT5, and FBS Trader app (mobile, desktop, web)
• ✅Copy trading via dedicated FBS CopyTrade app
• ✅Fast deposits and withdrawals with multiple methods, including crypto wallets
• ✅24/7 responsive multilingual customer support
• ✅Unlimited free demo accounts with up to $10,000 virtual balance
• ✅No account opening or inactivity fees

Cons

• ❌Not regulated by Canadian authorities; no IIROC/OSC investor protection
• ❌No direct spot crypto trading or staking/lending features
• ❌Relatively limited choice of crypto assets (5+ major tokens only)
• ❌Stock and ETF trading only via CFDs; not available as physical assets

Discover the broker

3.6

Score

3.6

Score

ProsCons

• ✅Ultra-low minimum deposits starting from $1; diverse account types for every trader profile
• ✅Competitive spreads (EUR/USD from 0.5 pips) and no inactivity fee
• ✅Wide range of 240+ tradable assets: forex, stocks, indices, commodities, cryptos
• ✅High leverage available (forex up to 1:3000, indices/commodities up to 1:500)
• ✅Advanced trading platforms: MT4, MT5, and FBS Trader app (mobile, desktop, web)
• ✅Copy trading via dedicated FBS CopyTrade app
• ✅Fast deposits and withdrawals with multiple methods, including crypto wallets
• ✅24/7 responsive multilingual customer support
• ✅Unlimited free demo accounts with up to $10,000 virtual balance
• ✅No account opening or inactivity fees

FBS stands out as a globally recognized CFD and Forex broker thanks to its attractive pricing model (tight spreads from 0.5 pips, low commissions, and no inactivity fees), extensive asset variety (240+ markets including forex, stocks, indices, commodities, and a selection of cryptocurrencies), and advanced trading features.
Though not regulated by Canadian authorities, FBS is overseen internationally (IFSC Belize and CySEC for the EU) and serves 27 million traders worldwide since its launch in 2009, building a trustworthy reputation among retail traders with a Trustpilot score of 4.0/5 from over 5,700 reviews.
With robust trading platforms (MT4/MT5, proprietary mobile app), high maximum leverage (up to 1:3000 for forex), and a strong copy trading offering, FBS effectively competes with major global brokers—especially through low fees and flexible accounts for all experience levels.
FBS is a reliable choice for cost-conscious, globally minded traders who prioritize a wide spectrum of CFD instruments and value responsive support.
In my experience, this broker is best suited to the following trader profiles: ➡️ The cost-conscious forex and CFD trader: this profile focuses on minimizing trading costs while accessing a broad range of instruments. FBS appeals to these traders thanks to its tight spreads from 0.5 pips, low commissions, no inactivity fees, and flexible account types designed for various trading styles and budgets. ➡️ The high-leverage, short-term trader: this type of trader seeks to amplify returns on small market moves through significant leverage. FBS, offering up to 1:3000 leverage on forex, is suited for experienced traders comfortable managing risk in a high-leverage environment, with fast execution on MT4, MT5, or its mobile app. ➡️ The copy trader or beginner looking for guidance: this trader benefits from replicating strategies of more experienced market participants. FBS’s copy trading solutions and user-friendly platforms make it attractive for newcomers wanting exposure to markets while learning through observation and practice.

Discover the broker

Why trust Hellosafe?

I personally tested FBS by creating a real account, funding it, and trading several assets, including forex, stocks, and crypto CFDs. I made sure to use both the FBS Trader app and MetaTrader platforms to evaluate execution speed, spreads, account types, and how intuitive the tools felt for both new and experienced users.

I dug into FBS’s fee structure, deposit and withdrawal times, and tested their 24/7 customer support to see how fast and helpful their answers were. Importantly, I compared FBS side by side with several other regulated brokers, paying close attention to order execution, available features like copy trading, and the transparency of their fees.

These insights are based on my own direct use and not just what’s advertised. I found strengths, such as easy account setup and a broad asset range, but also noticed some drawbacks—like limited Canadian regulation and variable spreads. My goal is to provide a genuine, experience-backed perspective so Canadian traders can better judge whether FBS fits their needs.

FBS at a glance

Security & Regulation

FBS positions itself as a global broker with a broad range of asset classes and accessible trading conditions, but I consider its security and reliability to be average for Canadian users. The primary concern is the lack of direct regulation by Canadian authorities, as FBS operates internationally under the IFSC of Belize—a regulator with less stringent standards than tier-1 bodies. While FBS also holds CySEC regulation for EU clients, this oversight does not extend to Canadians.

In terms of fund protection, FBS maintains segregated client accounts, which is a standard practice in the industry and helps protect client money in the event of broker insolvency. However, there is no cold storage or proof-of-reserves mechanism for crypto assets, which could be a drawback for users who prioritize advanced digital asset security.

The platform supports sound risk management features, such as stop loss, negative balance protection, and two-factor authentication, which are essential safeguards for retail traders. FBS enjoys a generally positive user reputation, as seen from its Trustpilot ratings and timely customer support. Still, its offshore structure and lack of local investor protection warrant caution from Canadians looking for the utmost regulatory confidence.

Fees, Spreads & Commissions

FBS delivers a tiered fee model, allowing a choice between low minimum deposits and variable spreads on Standard, Cent, and Micro accounts, or tighter institutional-style execution on Zero Spread and ECN accounts. The Standard account stands out with spreads from 0.5 pips and zero commissions, making it appealing to new or cost-sensitive traders. The Zero Spread and ECN accounts offer access to 0.0 pip spreads but introduce commissions of $20 per lot (Zero Spread) and $6 per lot (ECN), which is higher than most top competitors. Choosing an account type that aligns with trading frequency and strategy is essential to optimize costs.

For stock and ETF CFDs, FBS applies a standard commission (typically $3 per lot on ECN accounts) with spreads from 1 pip, a structure comparable to many global CFD brokers. Overnight holding fees (swap/rollover) can impact profitability for multi-day trades, and these are transparently displayed within MetaTrader and the FBS platform. I appreciate the absence of account or deposit fees, but I note that the withdrawal fees, generally $1–$3 or 0.5% for e-wallets, can add up with frequent transfers.

Crypto CFD traders face spreads from 1 pip and a 0.05% commission per trade, which is relatively competitive for a leveraged product, but wider than direct crypto exchanges. There are no custody fees, and all crypto trading is handled via CFDs, so no direct blockchain or withdrawal costs apply. The lack of inactivity fees and transparent conversion policy for non-USD traders further enhances cost predictability, especially for Canadian clients transacting in multiple currencies.

What are the account-related fees?

Tip

If you scalp or trade high volumes, weigh the commission of ECN and Zero Spread accounts against actual spread reductions—these accounts offer savings in high-frequency environments, while the Standard account may benefit less active traders due to zero commission.

What are the fees on stocks and ETFs?

FBS only offers stocks and ETFs as CFDs. Commission is charged (commonly $3 per lot for ECN), with competitive spreads from 1 pip. There are no custody fees or UK stamp duty, and overnight holding fees apply based on position duration.

What are the fees on cryptocurrencies?

Crypto trading at FBS operates exclusively via CFDs with leveraged exposure and no delivery. Trading cost consists of variable spreads (from 1 pip) and a 0.05% commission per trade. There are no transfer or custody fees, but overnight funding fees are charged if positions are held after market close.

What are the fees on CFDs?

FBS applies competitive spreads for most forex pairs (from 0.5 pips on Standard, and from 0.0 pips with commission for ECN/Zero Spread), with leverage up to 1:3000 on some accounts. Indices, commodities, and crypto CFD pricing are all at or below the industry mid-point. Overnight charges are standard for leveraged positions, and no surprise inactivity costs are imposed.

Assets & Markets

FBS delivers a broad selection of trading instruments, especially suitable for traders seeking flexibility across forex, stocks (via CFDs), indices, commodities, and crypto. I see real depth in the forex market coverage, with leverage up to 1:3000 for certain account types and over 35 currency pairs available—including major, minor, and exotic FX crosses. This makes FBS appealing for clients who prioritize forex as the centerpiece of their trading.

The platform’s offering in global equities is available solely through over 100 stock CFDs, which allows access to US and international shares without direct ownership. While this enables leveraged and short selling strategies, it is not the same as holding the underlying asset. I would highlight that there are no spot stock or spot ETF purchases—only CFD formats—so long-term investors in equities or ETFs might find the coverage insufficient.

Cryptocurrency coverage is relatively limited, with around 5 major crypto CFDs (like Bitcoin, Ethereum, and Litecoin). FBS does support crypto wallet funding, yet there is no spot trading, staking, or crypto earn features. For active short-term traders, the offering is efficient, but those looking for a wide selection of tokens or DeFi products should consider this constraint.

Indices and commodities are well represented, with key global index CFDs and a range of metals and energies—including gold, silver, and oil. Still, there are no bond markets, stablecoins, or NFTs. The product range suffices for most retail CFD/forex traders but is less dynamic compared to more diversified or crypto-native platforms. The absence of innovative derivatives and passive crypto options is worth noting for multi-asset or yield-oriented clients.

Trading Tools and Apps

FBS provides a flexible platform lineup that caters to a range of expertise, from new traders to advanced algorithmic strategists. MetaTrader 4 and MetaTrader 5 are the backbone for most users, accessible via desktop, web, and mobile apps. Both versions deliver robust trading environments with a focus on customization, rapid execution, and multi-asset support. For traders who prioritize mobile access, the proprietary FBS Trader app allows for quick navigation, order placement, and monitoring while also supporting real account switching and real-time analytics.

Usability is strong overall, particularly on mobile—menus are clearly organized, charting tools scale smoothly, and performance is highly responsive, making it straightforward to adjust orders and manage multiple positions. The learning curve on MetaTrader platforms can be steeper for beginners, but strong global documentation and the FBS help center smooth the onboarding.

Technical analysis capabilities are substantial, with both MT4 and MT5 offering a broad suite of built-in indicators, custom scripting, and the ability to import or purchase advanced analytics tools. Chart customizability and multi-timeframe views are highlights, and I find the combination of FBS’s execution infrastructure with MetaTrader’s analytical power effective for both discretionary and automated trading.

Automation runs deep on all MetaTrader accounts. MT4 and MT5 both support expert advisors (EAs) for algorithmic trading, and copying top strategies is possible through the FBS CopyTrade app. This feature is performance-driven and allows passive traders to follow professionals. Automated asset search, filtering, and customizable watchlists add further convenience for high-frequency or multi-asset trading.

FBS does not support spot stock purchases or spot ETFs—only CFD trading is available—limiting the platform for investors focused on underlying asset ownership. Crypto traders can operate only with crypto CFDs. The absence of staking, earn, or integrated crypto wallets places FBS firmly in the speculative CFD/derivatives category rather than as a comprehensive crypto or investment platform.

Tip

Use the unlimited FBS demo account to run both manual and automated strategies side by side, comparing mobile workflows with desktop setups. This helps pinpoint your preferred tools and highlights execution speed differences, especially for fast-moving markets or high-frequency trading.

Account Opening and Deposits

Account opening

Opening an account with FBS is a straightforward process designed with flexibility for both beginners and experienced traders. You begin by completing an online registration form, where you’ll select your preferred account type (Standard, Cent, Micro, Zero Spread, ECN, or Crypto). During signup, you’ll be guided to upload identity verification documents—typically a government-issued ID and a recent proof of address (such as a utility bill or bank statement). Occasionally, a selfie may be requested for additional verification.

Once your documents are submitted, FBS conducts a regulatory questionnaire to understand your trading experience and risk profile. Account validation is usually rapid, often within a few minutes to a few hours, but can take up to one business day during periods of high demand or if further review is needed. Upon approval, you receive a confirmation email with access credentials so you can log in and fund your account.

Good to know

Select your base currency carefully during registration to minimize future conversion costs. Ensure all uploaded documents are clear and valid to avoid delays in approval.

Deposits and withdrawals on FBS

Deposits and withdrawals at FBS are designed to be efficient, supporting a range of popular payment methods. Canadian users can transfer funds via credit or debit card, global e-wallets (Skrill, Neteller, Sticpay), bank transfer, or crypto wallets. FBS accepts major international currencies (including USD), while crypto account funding supports coins like BTC and ETH. Most deposits are processed instantly or within 15 minutes, while withdrawals are typically completed within 15 minutes to 48 hours, depending on the method.

FBS does not charge fees on deposits, but withdrawal fees are method-dependent (e.g., $1–$3 or 0.5%). The platform provides no integrated fiat wallet or direct fiat-crypto exchange; crypto transactions are limited to wallet deposits/withdrawals for supported account types. Always consider possible third-party and currency conversion fees, especially when making international transfers.

Good to know

Double-check the minimum and maximum limits for your chosen deposit or withdrawal method and be aware of any charges applied by your bank or e-wallet provider.

Account Types

FBS is a global CFD and Forex broker that also offers crypto CFDs, giving Canadian users a choice of several specialized accounts. Designed for both new and experienced traders, FBS provides options ranging from ultra-low minimum deposits (Cent, Micro, Crypto) to professional-level ECN and Zero Spread accounts, plus swap-free (Islamic) status on most. FBS also supports demo trading, copy trading, and mobile-first platforms, but does not provide direct spot crypto accounts, staking, or cold storage features.

Tip

If you’re an active trader seeking the tightest spreads, the ECN or Zero Spread accounts are best—but always compare the commission structure and volume discounts. For beginners or low-risk testing, the Cent or Demo accounts let you explore FBS features with minimal capital at stake.

Customer reviews

FBS has an overall Trustpilot rating of 4.0 out of 5, based on 5,731 reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

• Easy account opening and wide range of account types
• Responsive, 24/7 customer support available in multiple languages
• Fast deposit and withdrawal processing
• User-friendly mobile and web platforms
• Copy trading feature for beginners

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

• Spreads can widen significantly during high market volatility
• Limited choice of assets compared to some competitors
• Occasional technical glitches with the trading app
• No direct trading of real stocks or ETFs—CFDs only
• Lack of advanced analytics and charting for professional users

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

A.H. – 06/05/2024 : “Great support and excellent timely feedback. The tools are great as well but consider adding a volume indicator it would make the app complete.”

L.P. – 23/04/2024 : “The platform is user-friendly and withdrawals are processed quickly. However, spreads can be higher during volatile periods.”

J.K. – 05/03/2024 : “I appreciate the copy trading feature, but wish there were more assets to choose from.”

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.