FBS Review
Overall, FBS is a licensed international broker that caters to Botswanan traders and investors. FBS offers 6 retail investor accounts and is regulated by one Tier-1 (High-Trust) and two Tier-2 (Medium Trust) regulators. FBS has a Trust Score of 75% out of 100. FBS is currently not regulated by the MFED, BoB, or NBFIRA of Botswana
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 12 Pula
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (1 718 PulaFind out More)
Account Activation Time
24 Hours
FBS Review – 23 key points quick overview:
- ✅ FBS Overview
- ✅ FBS At a Glance
- ✅ FBS Regulation and Safety of Funds
- FBS Awards and Recognition
- FBS Account Types and Features
- How to open an Account with FBS in Botswana
- FBS Vs FXCM Vs eToro – Broker Comparison
- FBS Trading Platforms
- FBS Range of Markets
- Broker Comparison for Range of Markets
- FBS Trading and Non-Trading Fees
- FBS Deposits and Withdrawals
- How to Deposit Funds with FBS
- FBS Fund Withdrawal Process
- FBS Education and Research
- FBS Bonuses and Promotions
- How to open an Affiliate Account with FBS
- FBS Affiliate Program Features
- FBS Customer Support
- FBS Corporate Social Responsibility
- Our Verdict on FBS
- FBS Pros and Cons
- FAQ
FBS Overview
👉 Overall, FBS is considered average risk, with an overall Trust Score of 75 out of 100. FBS is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). FBS offers six different retail trading accounts namely an FBS Cent Account, FBS Micro Account, FBS Standard Account, FBS Zero Account, FBS ECN Account, and FBS Crypto Account.
👉 FBS accepts Botswanan clients and has an average spread from 0.0 pips with $6 commissions round turn. FBS has a maximum leverage ratio up to 1:3000 and there is a demo and Islamic account available. MT4, MT5, FBS Trader platforms are supported. FBS is headquartered in Belize and is regulated by IFSC, CySEC, ASIC, and FSCA.
👉 As an international broker with customers in over 150 countries, FBS has won multiple major accolades and utilizes innovative technology in the Forex Market to demonstrate its superiority.
👉 The FBS CFD trading platform was founded in 2009 by investors who were interested in trading research and technical analysis. FBS provides global markets with transparent and trusted applications for more than 27M CFD traders.
👉 Today, FBS is an international brand present in over 150 countries. The brand unites several companies offering their clients opportunities to trade Margin FX and CFDs. The companies include FBS Markets Inc. (licensed by IFSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).
👉 FBS started as a Belize-based broker, but it has now expanded to include a Cyprus branch. In addition to these branches, FBS also operates through subsidiaries in Australia and South Africa. This helps and encourages the expansion of its service to a global audience for both novice and experienced traders.
👉 FBS has been in operation for many years and provides a reliable trading environment. The company offers favorable trading conditions.
👉 This FBS review for Botswana will provide local retail traders with the details that they need to consider whether FBS is suited to their unique trading objectives and needs.
FBS Distribution of Traders
👉 FBS currently has the largest market share in these countries:
➡️ Philippines – 10.2%
➡️ Malaysia – 8.1%
➡️ India – 6.6%
➡️ Republic of Korea – 5.25%
➡️ Qatar – 4.45%
Popularity among traders who choose FBS
👉 As a CFD and Forex broker in Botswana, FBS does not yet command a major portion of the local forex and CFD market. However, despite this, FBS continues to be one of the top 50 forex and CFD brokers for Botswanan traders.
FBS At a Glance
| 🏛 Headquartered | Belize |
| 🌎 Global Offices | Malaysia, Laos, Thailand, Dubai, Brazil, Turkey |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2009 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • Telegram • YouTube |
| ⚖️ Regulation | IFSC, CySEC, ASIC, FSCA |
| 1️⃣ Tier-1 Licenses | • Australian Securities and Exchange Commission (ASIC) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) • Financial Sector Conduct Authority (FSCA) |
| 3️⃣ Tier-3 Licenses | • International Financial Service Commission (IFSC) in Belize |
| 🪪 License Number | • Belize – 000102/198 • Cyprus (Tradestone) – 331/17 • Australia (IFM) – 426359 • South Africa (Tradestone) – 50885 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | None |
| ✔️ Regional Restrictions | Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Malaysia, Israel, the Islamic Republic of Iran |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 6 |
| ✔️ PAMM Accounts | No |
| 💻 Liquidity Providers | Currenex |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips |
| 📉 Minimum Commission per Trade | From $6 |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 40% |
| 🛑 Stop-Out | 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:3000 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 12 Botswanan Pula or an equivalent to $1 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based FBS customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Credit Card • Debit Card • Neteller • Sticpay • Skrill • Perfect Money • Local Exchanges |
| 💻 Minimum Withdrawal Time | 15 to 20 minutes (maximum 48 hours) |
| ⏰ Maximum Estimated Withdrawal Time | Up to 7 days |
| 💳 Instant Deposits and Instant Withdrawals? | Instant Deposits |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • FBS Trader • MetaTrader 4 • MetaTrader 5 |
| 💻 Tradable Assets | • Forex • Precious Metals • Indices • Energies • Stocks • Exotic Forex • Cryptocurrencies |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, German, Spanish, French, Italian, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Korean, and others |
| ☎️ Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is FBS a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for FBS Botswana | 9/10 |
| 🥇 Trust score for FBS Botswana | 75% |
| 👉 Open Account | 👉 Open Account |
FBS Regulation and Safety of Funds
FBS Regulation in Botswana
👉 While FBS does not have local offices in Botswana with respective regulation or authorization through local market regulators, FBS is a reputable and trusted broker.
FBS Global Regulations
👉 The European part of the brokerage is owned and run by ‘Tradestone Ltd,’ a financial investment services company located in Cyprus that provides financial and investment advisory services.
👉 Cypriot regulators, the Cyprus Securities and Exchange Commission (CySEC), oversee the operations of Tradestone Ltd. under registration and license number 331/17.
👉 The International Financial Services Commission (IFSC) in Belize regulates the operation of the worldwide website, which is run by FBS Markets Inc, a Belize-based company, under license number 000102/198.
👉 FBS Oceania, now known as Intelligent Financial Markets Pty Ltd is an Australian-based entity that is well-regulated and authorized by the Australian Securities and Investments Commission (ASIC) under AFSL number 426359 and with ABN number 48155185014. FBS Oceania has held this license since February 2021.
👉 In South Africa, Trade Stone SA (Pty) Ltd is regulated and authorized by the Financial Sector Conduct Authority (FSCA) as a Financial Service Provider or FSP. Under license number FSP 50885, FBS can provide its services to traders in Africa.
FBS Client Fund Security and Safety Features
👉 The FBS Know Your Client approach applies to all traders who open a trading account. Traders must verify trading accounts by submitting proof of their identity and residency.
👉 All Botswanan traders must be aware that FBS adheres to Anti-Money Laundering regulations, which are reflected in the requirements of traders for deposits and withdrawals from/to unknown accounts.
👉 Retail investors’ trading accounts are protected from going into a negative if they suffer a substantial loss thanks to a feature known as negative balance protection. When traders employ significant amounts of leverage to enhance the size of their positions, and the market goes against them, this is frequently the outcome that occurs.
👉 Top-tier banks are entrusted with the safekeeping of all FBS customer funds. Subsequently, customer money cannot be utilized for FBS’ day-to-day operations or to assist the company meets its debt commitments.
👉 Because of the Investors’ Compensation Fund (ICF), European customers are provided with insurance. This means that eligible traders will be compensated up to a maximum of €20,000 if FBS goes bankrupt for whatever reason, or if the broker is otherwise unable to fulfill its financial obligations.
FBS Awards and Recognition
👉 FBS does not currently offer any additional information on its awards and recognition on the official website.
FBS Account Types and Features
👉 Botswanan traders and investors may choose from six different FBS retail accounts, each of which connects them to a different financial market. For novice and expert traders alike, FBS has some of the most flexible trading conditions in the market.
➡️ FBS Cent Account
➡️ FBS Micro Account
➡️ FBS Standard Account
➡️ FBS Zero Account
➡️ FBS ECN Account
➡️ FBS Crypto Account
| 💻 Live Account | 📉 Minimum Dep. | 📊 Average Spread | 💰 Commissions | 💸 Average Trading Cost |
| ➡️ Cent | 12 BWP/$1 | 0.3 pips | None | 8 USD |
| ➡️ Micro | 61 BWP/$5 | 3 pips | None | 30 USD |
| ➡️ Standard | 1,200 BWP/$100 | 0.5 pips | $3.5 | 8 USD |
| ➡️ Zero | 6,100 BWP or $500 | 0.0 pips | $20 per lot | 20 USD |
| ➡️ ECN | 12,000 BWP or $1,000 | -1 pip | $6 | 6 USD |
| ➡️ Crypto | 12 BWP/$1 | 1 pip | 0.05% | 8 USD |
FBS Live Trading Accounts
FBS Cent Account
👉 For the FBS Cent Account, cents are its primary currency, and all transactions are also denominated in cents. Inexperienced traders will find the Cent Account an excellent choice because of its low-risk trading environment.
👉 Traders with more experience might use this account as a proving ground for their trading methods. The Cent Account has a cheaper initial deposit and allows for smaller positions.
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 12 Botswanan Pula equivalent to $1 |
| 📊 Spreads | Floating, from 1 pip |
| 💳 Commission Charges | None |
| 📈 Maximum Leverage offered | Up to 1:1000 |
| 📉 Order volume | Between 0.01 to 1,000 cent lots |
| 📈 Market Execution | From 0.3 seconds, STP |
| 💻 Trading Platform | • MetaTrader 4 • MetaTrader 5 • FBS Trader |
| 📊 Tradable Instruments | • Forex • Precious Metals • Indices • Energies • Forex Exotic Pairs • Stocks |
| ☪️ Islamic Account | Yes |
FBS Micro Account
👉 The Micro Account, which makes use of strong trading tools such as the Trader’s Calculator, assists both new and experienced traders in precisely calculating their profit margins. Among the advantages available on the Micro Account are a 100% deposit bonus, a Level-Up Bonus, and cashback.
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 61 Botswanan Pula equivalent to $5 |
| 📊 Spreads | Fixed, from 3 pips |
| 💳 Commission Charges | None |
| 📈 Maximum Leverage offered | Up to 1:3000 |
| 📊 Maximum opening positions | 200 |
| 📉 Order volume | Between 0.01 to 500 lots |
| 📈 Market Execution | From 0.3 seconds, STP |
| 💻 Trading Platform | • MetaTrader 4 • FBS Trader |
| 🔨 Tradable Instruments | • Forex • Precious Metals |
| ☪️ Islamic Account | Yes |
FBS Standard Account
👉 This account type is designed for Botswanan traders who want a more traditional forex trading environment. The Standard account provides attractive spreads as well as commission-free trades.
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 1,200 Botswanan Pula equivalent to $100 |
| 📊 Spreads | Floating, from 0.5 pip |
| 💳 Commission Charges | None |
| 📈 Maximum Leverage offered | Up to 1:3000 |
| 📊 Maximum opening positions | 200 |
| 📉 Order volume | Between 0.01 to 500 lots |
| 📈 Market Execution | From 0.3 seconds, STP |
| 💻 Trading Platform | • MetaTrader 4 • MetaTrader 5 • FBS Trader |
| 🔨 Tradable Instruments | • Forex • Precious Metals |
| ☪️ Islamic Account | Yes |
FBS Zero Account
👉 The zero-pip spread charged on this account type is the primary characteristic of this account type. This enables traders to enhance their earnings while also increasing the accuracy with which they compute their gains.
👉 However, while this account does not have a spread, there are commission charges applied. The features that Botswanan traders can expect from this account are as follows:
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 6,100 Botswanan Pula equivalent to $500 |
| 📊 Spreads | Fixed, 0 pips |
| 💳 Commission Charges | From $20 per lot |
| 📈 Maximum Leverage offered | Up to 1:3000 |
| 📊 Maximum opening positions | 200 |
| 📉 Order volume | Between 0.01 to 500 lots |
| 📈 Market Execution | From 0.3 seconds, STP |
| 💻 Trading Platform | • MetaTrader 4 • FBS Trader |
| 🔨 Tradable Instruments | • Forex • Precious Metals • Forex Exotics |
| ☪️ Islamic Account | Yes |
FBS ECN Account
👉 The Electronic Communications Network (ECN) Account is best suited for professional traders who are looking for the most favourable terms and conditions conceivable. This account type enables both buyers and sellers to deal directly with one another without the need for an intermediary.
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 12,000 Botswanan Pula equivalent to $1,000 |
| 📊 Spreads | Floating from -1 pip |
| 💳 Commission Charges | $6 |
| 📈 Maximum Leverage offered | Up to 1:500 |
| 📊 Maximum opening positions | None |
| 📉 Order volume | Between 0.01 to 500 lots |
| 📈 Market Execution | ECN |
| 💻 Trading Platform | • MetaTrader 4 • FBS Trader |
| 🔨 Tradable Instruments | 25 forex currency pairs |
| ☪️ Islamic Account | No |
FBS Crypto Account
👉 Botswanan traders who desire to trade cryptocurrency and engage in the crypto market will find this account to be suitable. In addition to coins, the FBS Crypto Account enables a broad variety of instruments such as coin to coin, coins to fiat, and coins to metals trading.
| Account Feature | Value |
| 📉 Minimum Deposit Requirement | 12 Botswanan Pula equivalent to $1 |
| 📊 Spreads | Floating from -1 pip |
| 💳 Commission Charges | 0.05% for opening and 0.05% for closing positions |
| 📈 Maximum Leverage offered | 1:5 |
| 📊 Maximum opening positions | 200 |
| 📉 Order volume | Between 0.01 to 500 lots |
| 📈 Market Execution | From 0.3 seconds, STP |
| 💻 Trading Platform | MetaTrader 5 |
| 🔨 Tradable Instruments | Cryptocurrencies |
| ☪️ Islamic Account | No |
FBS Base Account Currencies
👉 Most national currencies can be utilized to fund trading accounts and these currencies are then converted to the US Dollar and the Euro.
👉 Since FBS does not accept Botswanan Pula accounts, traders will incur conversion fees anytime they deposit or withdraw funds from their accounts. Because of such conversion costs, trading may become more expensive, which may influence profitability.
FBS Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and FBS offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
👉 Demo accounts are available for all the account types listed on the FBS website. Demo or trial accounts can be especially useful for practising online trading and for testing trading techniques in a risk-free environment that simulates real-time market conditions.
FBS Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 All FBS account types except the ECN Account and Crypto Account can be converted into a swap-free account once the live trading account has been verified and approved.
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 12 Pula
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (1 718 PulaFind out More)
Account Activation Time
24 Hours
How to open an Account with FBS in Botswana
👉 When you create an account with FBS, the procedure is simple and can be finished online in less than 10 minutes. To register an account with FBS, Botswanan traders can follow these steps:
➡️ Following confirmation of your email, you will be able to choose the version of MetaTrader (4 or 5) you wish to use, as well as the base currency for your account (USD or EUR).
➡️ Once you have selected the relevant options, you will need to provide personal information, employment and financial details including your source of income, and your level of trading experience.
➡️ Following completion of the online application in its entirety, you will be required to complete a quick KYC (Know Your Customer) survey to verify your identity. The goal of Know Your Customer (KYC) is to guarantee that brokers understand their customers’ risk tolerance, investing expertise, and financial situation.
FBS Vs FXCM Vs eToro – Broker Comparison
| 🥇 FBS | 🥈 FXCM | 🥉 eToro | |
| ⚖️ Regulation | IFSC, CySEC, ASIC, FSCA | FCA, ASIC, CySEC, FSCA | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • FBS Trader • CopyTrade | • Trading Station • MetaTrader 4 • NinjaTrader • ZuluTrade • Capitalise AI • TradingView Pro • QuantConnect • MotiveWave • AgenaTrader • Sierra Chart • SeerTrading • NeuroShell Trader | eToro proprietary platform |
| 💰 Withdrawal Fee | Yes | Yes, bank wire | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 12 BWP | 610 BWP | 2,400 BWP |
| 📊 Leverage | Up to 1:3000 | • 1:30 (FCA) • 1:400 (Other Reg) | • 1:30 (Retail) • 1:400 (Professional) |
| 📊 Spread | From 0.0 pips | From 0.2 pips | From 1 pip |
| 💰 Commissions | From $6 | $25 per $1m traded | None |
| ✴️ Margin Call/Stop-Out | 40%/ 20% | 100%/50% | None indicated |
| 💻 Order Execution | Market | Market | Market/Instant |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • FBS Cent Account • FBS Micro Account • FBS Standard Account • FBS Zero Account • FBS ECN Account • FBS Crypto Account | • Spread Betting • CFD Trading • Active Trader • Professional Trader | • Retail Account • Professional Account |
| ⚖️ CBN Regulation | No | No | No |
| 💳 NGN Deposits | Yes | No | No |
| 📊 Botswanan Naira Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/6 |
| 📊 Retail Investor Accounts | 6 | 3 Retail, 1 Pro | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 500 lots | 50 million per trade on Forex | Depends on the instrument and account balance |
| 💰 Minimum Withdrawal Time | 15 to 20 minutes (maximum 48 hours) | Instant | Instant |
| 📊 Maximum Estimated Withdrawal Time | Up to 7 days | Up to 7 days | Up to 10 days |
| 💸 Instant Deposits and Instant Withdrawals? | Up to 7 days | Up to 2 working days | Up to 10 Working Days |
FBS Trading Platforms
👉 FBS offers Botswanan traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ FBS Trader
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 As the industry standard, MetaTrader 4 (MT4) is the most trusted and widely used trading platform. Its user-friendly atmosphere and straightforward interface are vital for online trading success. Fast execution, a large variety of charting tools, algorithmic trading, and the flexibility to customize are all well-known features.
👉 There are more than 30 languages supported by MT4 and some of the platform’s most prominent features include:
➡️ A built-in library of over 50 indications and tools for speeding up the research procedure
➡️ For each financial instrument, a comprehensive set of analytical tools is accessible across nine different timescales.
➡️ Any trading technique may be formalized and executed by an Expert Advisor using algorithmic trading.
➡️ Customizable alerts.
➡️ Access to the MQL4 community and the MetaTrader market.
MetaTrader 5
👉 Forex companies are increasingly embracing the MT5 trading platform. In addition to a more up-to-date user interface and the ability to utilize as many charts as you want, this version now displays Depth of Market and includes an integrated Economic Calendar.
👉 A built-in chat system and more pending order types than MT4 are also included in this trading platform. More complex charting features are available in MT5, which uses the MQL5 scripting language, while MT4 used the MQL4 scripting language. FBS’ MT5 has additional features such as:
➡️ More than 90 indicators and tools are available.
➡️ The ability to show up to 100 charts at once.
➡️ There are a total of 21 distinct periods.
➡️ Access to the depth of market.
➡️ Buy and Sell Stop Limit orders are two of six pending stop order types.
➡️ Enhanced algorithmic trading and expert advisers (EAs) strategy tester.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 The WebTrader solution makes MT4 and MT5 accessible in any browser, without the need for a download. Every element of the original program may be accessed using this service, which runs on all major operating systems.
👉 Metatrader 4 and 5 are fully supported by FBS, and third-party platforms like MT4 and MT5 provide traders with the ability to take their customised versions with them when they switch brokers.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ FBS Trader
MetaTrader 4 and 5
👉 Mobile trading applications for MT4 and MT5 are available from FBS for both Android and iOS users. Although there are fewer charting choices and shorter periods than on desktop trading platforms, traders can still cancel and alter their current orders, calculate profit and loss, and trade on the charts.
FBS Trader
👉 When compared to the normal MT4 mobile app, FBS’ version is easier to use. To ensure compatibility with the desktop MT4 program, it has an easy-to-use trading interface.
👉 Open and close positions, add stops, and cancel working orders may all be done in real-time by traders. Information on different contract types, order volume, current bid/ask prices, as well as take profit and stop loss may be accessed through the trading platform.
FBS Range of Markets
👉 Botswanan traders can expect the following range of markets from FBS:
➡️ Forex
➡️ Precious Metals
➡️ Indices
➡️ Energies
➡️ Stocks
➡️ Exotic Forex
➡️ Cryptocurrencies
Broker Comparison for Range of Markets
| 🥇 FBS | 🥈 FXCM | 🥉 eToro | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | No | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 12 Pula
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (1 718 PulaFind out More)
Account Activation Time
24 Hours
FBS Trading and Non-Trading Fees
Spreads
👉 The spreads traders might anticipate while using FBS vary on the financial item traded, the account type used, and market circumstances (in the case of variable spreads). FBS offers the following spreads:
➡️ FBS Cent Account – Variable, from 1 pip
➡️ FBS Micro Account – Fixed, from 3 pips
➡️ FBS Standard Account – Variable, from 0.5 pips
➡️ FBS Zero Account – Fixed, 0 pips
➡️ FBS ECN Account – Floating, -1 pips
➡️ FBS Crypto Account – Floating, from 1 pip
Commissions
👉 Commissions are charged on the following retail investor accounts:
➡️ FBS Zero Account – from $20 per lot
➡️ FBS ECN Account – $6
➡️ FBS Crypto Account – 0.05% for opening as well as 0.05% for closing positions
Overnight Fees, Rollovers, or Swaps
👉 When traders maintain positions for more than 24 hours, they may incur overnight fees or interest. Depending on the trader’s position, the fees are either credited or debited. Typical overnight costs for EUR/USD, for example, on a 100,000-standard lot in EUR are as follows:
➡️ Long swap of -6.37 pips
➡️ Short swap of -0.69 pips
👉 Other typical overnight fees that Botswanan traders can expect are:
➡️ XAG/USD – a long swap of -1.77 and a short swap of -1.24
➡️ XAU/USD – a long swap of -2.12 and a short swap of -1.35
➡️ US100 – a long swap of -85.91 and a short swap of -117.2
Deposit and Withdrawal Fees
👉 FBS charges deposit fees of 2.5% plus $0.3 for Sticpay payments. These payment systems are subject to withdrawal fees:
➡️ Credit Card – $1 commission
➡️ Debit Card – $1 commission
➡️ Neteller – 2% with a minimum of $1 and a maximum of $30
➡️ Sticpay – 2.5% + $0.3 commission
➡️ Skrill – 1% + $0.32 commission
➡️ Perfect Money – 0.50% commission
Inactivity Fees
👉 If a live trading account is inactive for more than 180 days, a $5 fee will be charged to the account.
Currency Conversion Fees
👉 Botswanans should also be aware that when they deposit or withdraw funds in BWP, they will be charged a currency conversion fee because the only indicated deposit currencies are EUR and USD.
FBS Deposits and Withdrawals
👉 FBS offers the following deposit and withdrawal methods:
➡️ Credit Card
➡️ Debit Card
➡️ Neteller
➡️ Sticpay
➡️ Skrill
➡️ Perfect Money
➡️ Local Exchanges
Broker Comparison: Deposit and Withdrawals
| 🥇 FBS | 🥈 FXCM | 🥉 eToro | |
| Minimum Withdrawal Time | 15 to 20 minutes (maximum 48 hours) | Instant | Instant |
| Maximum Estimated Withdrawal Time | Up to 7 days | Up to 2 working days | Up to 10 Working Days |
| Instant Deposits and Instant Withdrawals? | Instant Deposits | Yes | Yes |
FBS Deposit Currencies, Deposit and Withdrawal Processing Times
| 💳 Payment Method | 💰 Deposit Currencies | 🔁 Deposit Processing | 💳 Withdrawal Processing |
| Credit Card | USD, EUR | Instant | • 15 to 20 Minutes, maximum 2 days • The bank process is between 5 to 7 days |
| Debit Card | USD, EUR | Instant | • 15 to 20 Minutes, maximum 2 days • The bank process is between 5 to 7 days |
| Neteller | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
| Sticpay | USD | Instant | 15 to 20 Minutes Maximum 48 hours |
| Skrill | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
| Perfect Money | USD, EUR | Instant | 15 to 20 Minutes Maximum 48 hours |
| Local Exchanges | – | – | – |
How to Deposit Funds with FBS
👉 To deposit funds to an account with FBS, Botswanan Traders can follow these steps:
➡️ In the Personal Area, under “Finances,” traders can start the process by choosing “Deposit.”
➡️ Click “Deposit” once you have selected a payment method (online or offline).
➡️ Deposit into the trading account of your choice.
➡️ On the following screen, verify the deposit details and finish the deposit process.
FBS Fund Withdrawal Process
👉 To withdraw funds from an account with FBS, Botswanan Traders can follow these steps:
➡️ Log into your FBS personal area on the official website or trading platform.
➡️ Select the “Withdrawal” option from the Finances Section drop-down menu.
➡️ Select “Withdraw” from the drop-down menu after selecting your desired payment method.
➡️ Specify which account will be used to make the withdrawal.
➡️ Providing all the necessary information to complete the withdrawal request.
➡️ Specify the amount of money that must be removed.
➡️ Confirm the withdrawal and send the withdrawal request to the system.
👉 Botswanan traders need to note that their accounts must be verified before they can submit a withdrawal. Requests will be processed in the order in which they are received by FBS. The monies will be released by the FBS team after the withdrawal requests have been accepted by the bank.
👉 However, Botswanan traders must remember that various payment methods have varying processing times, with bank wire taking the longest (up to 10 working days) and others requiring anything from immediate to up to 4 business days (for example, credit card).
FBS Education and Research
Education
👉 FBS offers the following Educational Materials to Botswanan traders:
➡️ Forex Guidebook
➡️ Tips for Traders
➡️ Webinars
➡️ Educational Video Lessons
➡️ Seminars
➡️ Glossary
➡️ FAQ
Research and Trading Tool Comparison
| 🥇 FBS | 🥈 FXCM | 🥉 eToro | |
| ➡️ Economic Calendar | Yes | Yes | No |
| ➡️ VPS | Yes | Yes | No |
| ➡️ AutoChartist | No | No | No |
| ➡️ Trading View | No | Yes | Yes |
| ➡️ Trading Central | No | No | No |
| ➡️ Market Analysis | Yes | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
👉 FBS offers Botswanan traders the following Research and Trading Tools:
➡️ Forex News Feed
➡️ Daily Market Analysis
➡️ Forex TV
➡️ VIP Analytics
➡️ Economic Calendar
➡️ Forex Calculators
➡️ Currency Converter
FBS Bonuses and Promotions
👉 FBS offers Botswanan traders the following bonuses and promotions:
➡️ FBS Traders Parties
➡️ Get a Car from FBS
➡️ Level-up Bonus
➡️ 100% Deposit Bonus
➡️ Cashback bonus
➡️ Quick Start Bonus
➡️ Referral Program
➡️ Risk-free investments
➡️ Loyalty Program
➡️ Trade to Help
➡️ FBS Winning Season
➡️ FBS Leaders’ Summit
➡️ FBS League
➡️ FBS Gift Season
How to open an Affiliate Account with FBS
👉 To register an Affiliate Account, Botswanan traders can follow these steps:
➡️ Prospective affiliates may visit the official FBS website and choose “Partnership” from the homepage’s main menu.
➡️ A drop-down menu will appear, where potential affiliates may choose “Affiliate Program” under “General Information.”
➡️ Next, Botswanans can click the green “Register a Partner Account” banner.
➡️ The partner registration form will load on a new page. Here, potential affiliates may input a valid email address and their complete name before clicking the orange “Register as Partner” button. Botswanans can also register using their Google and Facebook credentials, as well as their Apple ID.
➡️ Prospective affiliates can then join FBS using a valid email address and will be instantly logged into the trader’s cabinet, where they can pick “Partner Area” from the top menu.
➡️ Here, Affiliates may see their partner account number, balance, Partner ID, and overall progress.
➡️ This part also gives affiliates a variety of advertising materials, referral links, detailed reports, and incentives.
Overall Rating
- 4.7/5
Min Deposit
USD 1 / 12 Pula
Regulators
IFSC, FSCA (South africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Welcome Bonus
$140 (1 718 PulaFind out More)
Account Activation Time
24 Hours
FBS Affiliate Program Features
👉 FBS provides a complete partnership program that may increase the revenue of partners. FBS provides a $15 fee per lot on EUR/USD pairings, and the broker promises regular commission pay-outs.
👉 In addition, partners that join the affiliate program have access to customer care 24 hours a day, 7 days a week, as well as the assistance of a dedicated affiliate manager. In addition, the following are available when selecting the FBS Partnership Program:
➡️ It enables partners to grow their enterprises and accumulate long-term wealth.
➡️ Affiliates of FBS can benefit from risk-free features.
➡️ Partners can earn up to $80 for every lot traded by their clients.
➡️ It gives partners complete control over their earnings, and the more active they are in generating customers, the more they might make.
➡️ A variety of promotional items are available.
➡️ Partners can get special promotional materials for offline advancement.
FBS Customer Support
👉 FBS is well-known for having customer service that is both helpful and courteous around the clock, and it can be reached online or by phone in several different ways.
| Customer Support | FBS’ Customer Support |
| ⏰ Operating Hours | 24/7 |
| 🗣 Support Languages | English, Portuguese, Indonesian, Malay, Vietnamese, Arabic, Hindi, Chinese, and more |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of FBS Support | 4.7/5 |
FBS Corporate Social Responsibility
👉 The most important thing for FBS is that those who use their trading services benefit from the financial freedom FBS provides. FBS also works with charity organizations to help those in need across the globe.
👉 A monthly social media campaign called Desires Come True allows Botswanan traders to express their most treasured wishes with FBS, and the broker will endeavour to make them come true. Every year, the FBS team sees how the contest’s random acts of kindness change people’s lives.
👉 In addition, FBS organizes a yearly charity trade promotion with local and international organizations. A trader’s deposit is double, and any commissions earned are given to a charity, showing a collective effort to improve the planet.
Our Verdict on FBS
👉 As one of the world’s largest online STP/ECN brokers, FBS offers five different live trading accounts, each with its own unique set of trading circumstances, making it ideal for both new and experienced traders alike.
👉 Minimum deposits and micro-lot trading are available at entry-level accounts, while low spreads are available to those who deposit more. However, FBS levies hefty withdrawal costs and only accepts USD and EUR as currency options.
👉 It is also worth noting that the FBS customer service department is open twenty-four hours a day, seven days a week to tend to customer complaints, questions, and queries.
FBS Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a very low minimum deposit required | Several regions are restricted from service |
| FBS is an online broker with regulation through IFSC and the Cyprus Securities and Exchange Commission | The spreads on some accounts are very high |
| There is a choice between investor accounts | Inactivity fees apply to dormant accounts |
| Traders have access to fast, flexible payment methods | The demo account expires after 40 days |
| The trading conditions are favourable and competitive | Withdrawal fees and deposit fees are charged |
| There are demo accounts and Islamic Accounts | There is a limited selection of funding options and there are only two base account currencies |
| Customer service is available 24/7 | Currency conversion fees are charged on deposits made in currencies other than USD and EUR |
| The broker is reputable and has a high trust score | |
| FBS is an official trading partner that offers a comprehensive affiliate program | |
| There are several bonuses and promotions offered |
FAQ
Is FBS regulated?
Yes, FBS is well-regulated by one Tier-1 regulator namely the ASIC, two Tier-2 regulators namely CySEC and FSCA, and one Tier-3 regulator namely the IFSC in Belize.
What is the withdrawal time with FBS?
FBS processes all withdrawals instantly since the finance department is open 24 hours a day, seven days a week. Deposits and withdrawals made using an electronic payment system might take up to 48 hours to complete. Bank wire transfers might take anywhere from one day to seven business days to process.
What is a cent account in FBS?
It is a trading account where the balance is presented and transactions are carried out in cents, and it is a cent account. In other words, if you invest $10, you will get back $1000. It is easy to lose money while using the Cent account.
The fact that amateurs can use it makes it a great alternative for them as well.
Is FBS safe or a scam?
No, FBS is not a scam. FBS is a brand name used by Trade Stone Limited, a South Africa and Cyprus-based entity, in addition to being an EU and MiFID-regulated investment business registered with CySEC. FBS is also well-regulated by ASIC under Intelligent Financial Markets Pty Ltd and IFSC in Belize.
Does FBS have negative balance protection?
Yes, all retail trading accounts are protected from negative balances with FBS.
What is the minimum deposit for FBS?
The minimum deposit for FBS is $1.
Does FBS have Nasdaq?
Yes, FBS includes Nasdaq on its list of indices that can be traded. The NASDAQ is an index of the Nasdaq Stock Market’s 100 biggest non-financial firms. It focuses on the top-performing sectors, such as technology (54%), consumer services (25%), and healthcare (21%).
Does FBS have Volatility 75?
No, FBS does not currently offer access to Volatility 75, also known as VIX.
How do I trade Nasdaq with FBS?
The easiest way to trade Nasdaq with FBS is through the FBS Trader mobile app. Simply select “Indices” and the required CFD contract for Nasdaq will appear in the dropdown menu.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with FBS?
➡️ What was the determining factor in your decision to engage with FBS?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with FBS such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
