
FBS is a broker that supports efficient trading lifestyles through comprehensive solutions and competitive pricing via a flexible retail account. FBS offers leverage of up to 1:3000 to Brazilians and market execution from 0.01 seconds.
- Maryke Myburgh
Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview

Having extensively reviewed forex brokers, we’ve thoroughly examined FBS, a brokerage firm that has made a notable impact in the trading industry.
With its establishment in 2009, FBS has successfully expanded its services to reach clients in over 150 countries, including establishing a strong presence in Brazil.
One of the standout features of FBS is its extensive global presence, combined with a strong commitment to providing a clear and effortless way to access financial markets.
This commitment is clearly demonstrated through its recent accolades, including being honored with the Best Client Support Asia and Best Introducing Broker Program Global awards.
Our investigation has found that FBS stands out for its 24/7 customer support in local languages and its active involvement with audiences on popular channels and social media platforms.
This is especially beneficial for Brazilian traders who value assistance in their native language. In addition, FBS’s Introducing Broker (IB) Program is notable for its attractive commissions and comprehensive support, making it a favorable choice for individuals interested in partnering with the brokerage.
FBS offers a range of attractive features for traders who value flexibility and efficiency, such as high leverage up to 1:3000 and fast order execution.
In addition, the brokerage’s dedication to education and training is evident through its offering of seminars, online resources, and VIP market insights, which aim to empower traders.
With a track record of over 14 years and a portfolio of more than 75 international awards, FBS has established itself as a trusted and reputable choice for traders.
We were impressed to find that the annual trading volume is more than $543 billion, which we consider a testament to the scale and trustworthiness of its services, attracting confident traders.
With FBS, Brazilian traders can enjoy dedicated support and customized services that cater to their specific requirements. This is further demonstrated by their prestigious recognition of winning the Best Client Support award in Latin America.
The platform offers a wide selection of trading instruments and account types, catering to traders of all levels. You’ll be able to find the perfect platform to execute your strategies.
FBS’s commitment to social responsibility is truly impressive, as they have implemented various initiatives that have made a positive difference in the lives of thousands of individuals in different regions.
These initiatives include projects focused on education and poverty alleviation. This aspect appeals to traders who prioritize corporate social responsibility.
Overall, our initial impressions are that FBS is a top pick for Brazilian traders thanks to its dedicated support, extensive educational materials, favorable trading conditions, and impressive track record of accolades.
How does FBS assist local traders in Brazil?
FBS assists local traders by providing dedicated localized support and convenient withdrawal options, such as local bank transfers and numerous payment systems.
Are there any account types made exclusively for novices at FBS?
Yes, FBS has a Retail Account that is ideal for novices, with reasonable terms and a low initial deposit.
FBS Review At a Glance
🗓Established Year | 2009 |
🪪Regulation and Licenses | IFSC, CySEC, ASIC, FSCA |
🌟Ease of Use Rating | 4/5 |
💰Bonuses | None |
⏰Support Hours | 24/7 |
📊Trading Platforms | MetaTrader 4, MetaTrader 5, FBS Trader |
📈Account Types | Retail, Demo, Islamic |
💸Base Currencies | USD, EUR |
📊Spreads | 0.7 pips |
📈Leverage | 1:3000 |
💳Currency Pairs | 71 |
💰Minimum Deposit | 25 BRL ($5) |
💸Inactivity Fee | None |
🗣Website Languages | English, German, Spanish, French, Italian, Portuguese, South African, Malay, Vietnamese, Turkish, Korean, and others |
⚖️Fees and Commissions | Spreads from 0.7 pips, commission-free |
📚Affiliate Program | Yes |
🏛️Banned Countries | Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Israel, the Islamic Republic of Iran |
💻Scalping | Yes |
🔎Hedging | Yes |
✴️Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks, Crypto CFDs |
👉 Open Account | Open Account |
Regulation and Safety of Funds
FBS Regulation in Brazil
Brazil’s Comissão de Valores Mobiliários, or the Securities and Exchange Commission (CVM), does not regulate FBS. However, FBS’ global regulations are listed in the table below.
FBS Global Regulations
🏛️Registered Entity | 🌎Country of Registration | 🔎Company Reg. | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
FBS Markets, Inc. | Belize | – | IFSC | 3 | 000102/460 |
Tradestone Ltd | Cyprus | 353534 | CySEC | 2 | 331/17 |
Intelligent Financial Markets Pty Ltd | Australia | ABN 48 155 185 014 | ASIC | 1 | 426359 |
Trade Stone SA (PTY) LTD | South Africa | 2018/514734/07 | FSCA | 2 | FSP 50885 |
FBS Protection of Client Funds
🛡️Security Measure | 🖺Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | 20,000 EUR or 90% of the claim |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Does FBS offer two-factor authentication (2FA) to ensure account security?
Yes, FBS offers 2FA whenever possible to improve the security of client accounts.
Does FBS provide guaranteed stop-loss orders?
No, FBS does not provide guaranteed stop-loss orders.
FBS Awards and Recognition
In the past few years, from what we can tell, FBS has secured several awards that demonstrate the level and quality of service offered, including the following most recent ones:
- In 2025, FBS continued to receive recognition, as it was honored with the “Best IB Program in Asia” award by the Global Banking and Finance Review. This recognition again highlights the strong and attractive nature of FBS’s IB Program in the Asian market.
- The International Finance Expo recognized FBS for receiving the prestigious “Most Reliable Forex Broker 2023” award. This achievement highlights the broker’s commitment to delivering trustworthy trading services.
- FBS received recognition for its outstanding customer service from Global Brands Magazine. The broker was honored with the “Best Client Support in Latin America” award for 2023. This award was given to FBS for their exceptional customer satisfaction and the high quality of their support services.
- FBS’s exceptional services were acknowledged by the World Business Outlook across various categories in 2023.
- FBS was recognized with the prestigious “Best Client Support Asia” award, which acknowledges its exceptional client support available 24/7 in multiple local languages.
- The Broker’s Introducing Broker (IB) Program received global recognition and was awarded the prestigious “Best Introducing Broker Program Global” award.
- In addition, FBS received the prestigious title of “Best Forex Broker Africa,” highlighting its strong competitive advantages and commitment to providing transparent trading conditions in the African market.
FBS Account Types and Features
We were surprised to find that FBS has consolidated its accounts into a single retail account for non-EU clients. While this seems limiting, we found that the features are still flexible and should suit most Brazilian traders according to their trading needs, experience, and objectives.
Features | Retail Account |
⚖️Availability | All traders |
📈Markets | Forex, Metals, Indices, Energies, Stock CFDs, Crypto CFDs |
💳Commissions | None; only the spread is charged |
💻Platforms | MetaTrader 4, MetaTrader 5, FBS Trader |
📊Trade Size | From 0.01 lots – 500 lots |
📈Leverage | 1:3000 (Forex major pairs) |
💰Minimum Deposit | 25 BRL ($5) |
FBS Retail Account
The Retail Account stands out among FBS’s account alternatives for Brazilian traders. A variety of features are integrated into this account to accommodate various trading styles and levels of experience.
Brazilian traders have the opportunity to use different methods because floating spreads start at only 0.7 pips and they can leverage their trades up to 1:3000 on forex major pairs.
In our analysis, we found that a combination of competitive terms and easy accessibility characterize the Retail Account, making it suitable for both novice and experienced traders.
Being adaptable is one of its main selling points. This account is designed to accommodate traders with varying trading styles, allowing them to trade more or less frequently as needed.
Furthermore, another benefit we found during testing is that anyone looking to learn the ropes or control their risk profile more effectively will appreciate the chance to trade in micro-lots.
The Retail Account also allows traders to automate their tactics and take advantage of algorithmic trading by supporting the usage of expert advisers. The account’s allure is amplified by this feature, which further streamlines and simplifies the trading process.
FBS Demo Account
Upon reviewing the FBS demo account, we discovered a highly capable platform that caters to traders of all experience levels. Brazilians get a substantial virtual balance of up to $100,000, allowing them to practice extensively and test strategies without incurring any financial risk.
This feature is especially beneficial for Brazilian traders as it offers a realistic trading experience, which is essential for improving trading skills and gaining confidence.
It’s important to emphasize the duration of the demo account. On the MT4 platform, the duration typically ranges from 25 to 45 days.
However, the MT5 platform provides more flexibility by allowing traders to customize the duration according to their individual needs. This flexibility is beneficial for Brazilian traders who may need different time frames to become familiar with market dynamics.
FBS has seamlessly incorporated the popular MetaTrader platforms (MT4 and MT5) into their demo accounts, allowing users to engage in algorithmic trading and personalize their account balances.
In our experience, these platforms offer traders from Brazil a range of advanced tools and features that effectively simulate real trading conditions.
In addition, traders can open multiple demo accounts, letting them test various strategies or markets concurrently. This feature is particularly beneficial for Brazilian traders who are looking to broaden their trading experience.
FBS Islamic Account
In exploring the FBS Islamic account, we discovered that it offers a swap-free trading environment in line with Sharia law, which prohibits the accumulation of interest. This setup is ideal for Muslim traders in Brazil who want to uphold their religious beliefs while participating in trading activities.
FBS allows traders in Brazil to convert their retail account into a Sharia-compliant Islamic Account.
The trading conditions, such as leverage options and spreads, are competitive and vary between fixed and floating, depending on the selected market.
The Islamic account also provides access to various trading instruments, including Forex, Metals, Energies, Indices, CFDs, and Stocks.
This variety enables Brazilian traders to diversify their portfolios, which is crucial for managing risks and taking advantage of different market opportunities.
Furthermore, we found that FBS supports trading on the Islamic account through the MetaTrader 4 and MetaTrader 5 platforms, known for their reliability and comprehensive trading tools.
In addition, the availability of these platforms ensures that Brazilian traders can execute trades efficiently and access market analysis and educational resources to make informed decisions.
What account types does FBS provide to Brazilian traders?
FBS provides retail, demo, Islamic, and professional account choices to meet the different demands of Brazilian traders.
What is the duration of the FBS demo account?
The FBS demo account is available for 45 to 90 days, giving you plenty of opportunity to practice.
FBS Account Registration
FBS has a straightforward registration process, and when we registered an account, we followed these steps:
Step 1 – Visit the official website of FBS.
You can start your trading journey by visiting FBS’s official website, ensuring you are on an authentic platform to protect your financial interests.
Step 2 – Click on the Open Account button
FBS now offers everyone an all-in-one Standard trading account that works well for traders of all levels.
Once you click Open account, the account customization window will open.
Step 3 – Set-Up Account
On this screen, you will be able to choose the following options for your new trading account.
What information is necessary for Brazilian traders to register with the FBS?
Brazilian traders must submit their name, email address, and account currency when registering with FBS. Furthermore, traders must also disclose their employment information, source of income, and trading experience.
How can Brazilian traders begin the account-opening procedure with FBS?
Brazilian traders can begin the account opening procedure by visiting the FBS website and clicking “Open Account” or other similar banners.
FBS Broker Comparison
🥇 FBS | 🥇 Exness | 🥇 AvaTrade | |
🗺️ Regulatation | IFSC, CySEC, ASIC, FSCA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
💻 Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
💰 Withdrawal fee | Yes | No | No |
💳 Demo Trading Account | Yes | Yes | Yes |
💰 Minimum Deposit | 25 BRL ($5) | 51 BRL ($10) | 510 BRL ($100) |
📊 Leverage | Up to 1:3000 | Unlimited | 1:30 (Retail) 1:400 (Pro) |
💰 Spreads | From 0.7 pips | Variable, from 0.0 pips | Fixed, from 0.9 pips |
🚀 Commissions | $0 | From $0.1 per side, per lot | None |
📊 Margin Call/Stop out | 30%/10% | 60%/0% | 25% – 50% (M) 10% (S/O) |
📊Order Execution | Market | Market | Instant |
❌No-Deposit Bonus | No | No | No |
🪙Cent Accounts | Yes | Yes | No |
📒 Account Types | Retail Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account Social Standard Account Social Pro Account | Retail Account Pro Account Islamic Account |
🏛️CVM Regulation | No | No | No |
💰BRL Deposits | Yes | Yes | No |
💻BRL Account | No | Yes | No |
📞Customer Service Hours | 24/7 | 24/7 | 24/5 |
💳Retail Investor Accounts | 1 | 7 | 1 |
☪️Islamic Account | Yes | Yes | Yes |
💰Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
💸Maximum Trade Size | 500 lots | Unlimited | Unlimited |
⏰Minimum Withdrawal Time | 15 minutes | 24 hours | 24 to 48 Hours |
⏲️Maximum Estimated Withdrawal Time | Up to 7 days | Up to 3 working days | Up to 10 days |
💳Instant Deposits and Instant Withdrawals? | Deposits | No | No |
👉Open Account | Open Account | Open Account | Open Account |
FBS Trading Platforms
One thing that drew our attention as soon as we started using the FBS Trader platform was its modern design, which was made especially for the always-mobile Brazilian traders.
With this mobile trading solution, FBS has ensured that access to international Forex markets is instantaneous and simple. Our tests verified that traders making quick decisions and carrying out transactions without delay would greatly benefit from the platform’s user-friendly interface.
The way the platform integrated with the extensive selection of financial instruments offered by FBS stood out to us. Among the many trading alternatives available to Brazilian traders are stocks and energy, which are not often available on mobile platforms.
This is consistent with FBS’s dedication to providing traders with a wide range of market instruments, so they have many options to diversify their portfolios.
Furthermore, the flexibility of FBS Trader with respect to different account types (demo, retail, Islamic) meets the particular requirements of Brazilian traders.
Regardless of your trading expertise, the platform offers a customized trading environment that adjusts to various risk tolerances and strategies. Trading is much improved by the app’s smooth account switching capability.
Finally, we want to emphasize that FBS Trader is a strong and adaptable mobile platform for Brazilian traders. For traders who like flexibility and a large selection of trading instruments at their disposal, its user-friendly interface and extensive trading features make it a good option.
MetaTrader 4
Our encounter with MetaTrader 4 (MT4) through FBS was a mix of familiarity and novelty. The platform’s stability and comprehensive analysis tools were evident, but what really set FBS apart was its integration of features specifically designed for Brazilian traders.
Furthermore, traders with smaller account balances will find the ability to trade micro-lots quite appealing because it allows them to engage in trading with lower risk exposure, which is a great advantage.
We were highly impressed with the platform’s exceptional execution speed, which, combined with FBS’s incredibly tight spreads, provided us with a highly cost-efficient trading experience.
This was extremely important for our scalping strategies, where every pip is paramount. We could fully customize the platform to meet our needs, creating templates and profiles that perfectly aligned with our unique trading strategies.
We could easily enhance our trading positions by utilizing FBS’s exceptional leverage options of up to 1:3000 on MT4.
However, we always exercised caution and effectively managed our risk. We were impressed by the platform’s price alerts, which proved highly valuable in keeping us updated on market movements. This feature allowed us to seize trading opportunities involving the Brazilian Real without delay.
If you’re a Brazilian trader, you might find MT4, provided by FBS, a reliable option. This is particularly true when you take into account the broker’s extra features, such as FBS Analytics & Trading signals.
The tools and the platform’s strength have made it a dependable ally in our trading journey. MT4 is a global platform, but FBS’s personalized approach gave it a distinct focus on the Brazilian market.
MetaTrader 5
Our analysis shows that MT5 is a powerful platform designed to satisfy the demands of Brazilian traders.
By integrating popular features among local traders, FBS has tailored the platform to enhance the trading experience. The seamless integration of competitive spreads, which start at 0.7 pips, is notable for traders looking to save trading expenses.
Because of this, plus the fact that orders can be executed in as little as 0.01 seconds, MT5 is a great tool for day traders and scalpers in Brazil who value speed and precision.
An additional notable aspect is the wide variety of assets the site offers. Brazilian traders may now use FBS’s MT5 adaptation and trade a wide variety of assets, including indices, metals, and popular and exotic currency pairs.
Furthermore, we found that Brazilians can easily diversify their portfolios and mitigate the effects of market volatility with this variety. A notable improvement, however, would be for FBS to incorporate local assets since it would allow traders to tap into familiar markets.
Our experience with MT5 further highlighted the platform’s sophisticated technical analysis features. The extensive set of indicators and charting tools in MT5 is well-known, but FBS has gone to great lengths to ensure they are accessible and useful for traders in Brazil.
Incorporating FBS’s educational resources within the platform allows traders to make informed judgments because of the platform’s capacity to support complex trading methods and give in-depth market research.
What trading platforms does FBS provide to Brazilian traders?
Brazilian traders can choose from MetaTrader 4, MetaTrader 5, or the FBS Trader app.
Is the FBS Trader platform suitable for traders with all levels of experience?
Yes, the FBS Trader platform offers an easy-to-use interface that is suited for traders of all experience levels, including novices.
FBS Range of Markets
FBS offers diverse markets that can be traded using MetaTrader 4, 5, and the proprietary FBS Trader. This gives Brazilian traders exposure to various trading opportunities and helps them diversify their risk as part of a risk management strategy.
Forex
FBS offers Brazilian traders a diverse selection of currency pairs, including unique options not commonly available elsewhere in the market.
Given the high leverage of up to 1:3000 available on specific accounts, Brazilian traders have the opportunity to utilize strategies such as position trading.
This approach involves holding onto trades for an extended period to capitalize on substantial currency-value fluctuations.
Although the potential returns can be higher with this level of leverage, it’s important to be aware of the increased risks that come along with it. We urge Brazilian traders to create and employ a robust risk management strategy.
Stocks
Trading stocks with FBS offers Brazilian traders a significant advantage as they can access a wide range of stocks, including those from global markets.
Traders have the opportunity to explore a wide range of sectors and industries with access to 96 different stocks. This allows them to potentially discover unique investment opportunities that align with Brazil’s economic trends and market sentiments.
FBS’s customer support is available 24/7, which is great for traders who may require assistance outside regular trading hours. This is especially beneficial for those in Brazil, considering the time zone differences with international markets.
Indices
Trading indices with FBS provides Brazilian traders with the opportunity to diversify their market exposure without the need to invest in individual stocks.
We found that Brazilian traders can trade a variety of indices, allowing them to implement strategies that capitalize on the overall performance of a market or sector.
One such strategy is trend following, which can prove highly effective in indices that exhibit distinct directional movements. We found that FBS also offers comprehensive analytical services, including daily analytics, that provide valuable insights to assist traders in making strategic trading decisions.
Energies
Traders in Brazil who use FBS can diversify their portfolios by engaging in energy market trading. Traders can explore various strategies in the energy market, such as swing trading, which allows them to profit from short-term movements in energy prices.
With a range of energy instruments, including oil and natural gas, traders can make informed decisions to maximize their potential gains.
Brazilian traders have a wide range of payment options available to them, including cryptocurrency wallets. This allows them to effectively manage their funds based on their unique trading style and personal preferences.
Precious Metals
Brazilians can invest in precious metals with FBS to diversify their portfolio and protect their assets. Brazilian traders can take advantage of a decent selection of 4 safe-haven assets, including gold, palladium, platinum, and silver.
These assets can be appealing for carry trade strategies, where traders seek to capitalize on interest rate discrepancies between currencies.
Furthermore, another benefit is that Brazilian traders can rest assured knowing that their losses are limited to their invested capital, thanks to the negative balance protection feature.
In our experience, this added layer of security is particularly valuable for Brazilian traders who are looking for stability in the face of economic fluctuations.
FBS Leverage and Margin
We found that FBS gives Brazilian traders a lot of leeway when it comes to leverage and margin options. Options can be as low as 1:1 or as high as 1:3000, depending on the trader’s account type and the regulations in their country.
Thanks to the wide variety of leverage options, traders can boost their trading positions greatly despite their initial deposit or trading capital. In our experience, this means that modest initial deposits could yield great profits.
Next, we also explored margin and found that it is collateral needed to establish and maintain leveraged trades. Furthermore, we also found that it can vary in amount according to the financial instrument’s leverage and the position size.
Leverage is easy to understand, but it’s a very dangerous tool. A trader’s ability to open larger positions is magnified, but the risks are also higher because losses can be compounded along with profits.
However, Brazilians are safeguarded because FBS applies negative balance protection to ensure traders do not lose more than their original deposits.
From the most conservative to the most daring, diverse traders will find a competitive edge in FBS’s margin and leverage strategy.
In addition, FBS further protects its traders by employing a margin call system in place to prevent traders from suffering excessive losses.
When a margin call occurs, a trader is prompted to either close some positions or deposit more cash to meet the margin requirements if their account value falls below the required maintenance level.
Another benefit we found during our analysis is that the trading platforms offered by FBS also have features and tools that help traders manage their leverage and margin more effectively.
What is the maximum trade size for currency pairs with FBS in Brazil?
The maximum trade size for currency pairs with FBS in Brazil is 500 lots.
Does FBS offer educational resources on market analysis for Brazilian traders?
Yes, FBS offers educational resources and research tools to help Brazilian traders with market analysis.
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FBS Fees
Instead of going for a spreads and commissions type of model, FBS settled for a spread-only pricing structure where the flat commission fees are waived. In addition, we found that FBS is extremely transparent about all non-trading fees that Brazilians can expect.
FBS Spreads
Our analysis of FBS’s offerings revealed that Brazilian traders can benefit from competitive fixed spreads.
These spreads start from 0.7 pips for popular currency pairs such as EUR/USD. This tight spread is beneficial because it allows traders to forecast their expenses better and potentially increase profitability.
Our analysis revealed that FBS prioritizes transparency and strives to provide Brazilian traders with all the necessary information on market spreads. This allows Brazilian traders to make well-informed decisions and develop effective strategies while aware of potential trading expenses.
FBS Commissions
The FBS commission policy has been updated, and the broker no longer charges commission fees on retail accounts.
Instead, any potential costs are included in the spread. This decision makes trading easier for Brazilians, allowing them to trade without any additional charges per transaction.
Furthermore, in our experience, the lack of commission fees is a major advantage for individuals who value a clear and transparent cost structure, allowing them to concentrate on their trading strategies without any concerns about hidden fees.
FBS Overnight Fees
Regarding overnight fees, FBS has made it easy for traders to stay informed. The broker’s website clearly outlines the swap rates, allowing traders to anticipate the costs associated with holding positions overnight.
These fees are determined by the variance in interest rates of the currencies involved in the trade. In addition, FBS provides swap-free accounts for clients who follow Islamic finance principles. These accounts waive overnight fees, making them suitable for diverse clients.
FBS Deposit and Withdrawal Fees
When it comes to deposit and withdrawal fees, FBS sets itself apart by not imposing any charges for most payment methods.
The only exception is a 1.99% fee on Perfect Money deposits. The withdrawal fees are quite reasonable, with a charge of 2 EUR for credit or debit card transactions and a maximum of 0.5% for Perfect Money or AstroPay withdrawals.
In our experience, these fees are commonly found in the forex industry, and FBS’s commitment to transparency in revealing them allows Brazilian traders to calculate their trading expenses accurately.
FBS Inactivity Fees
FBS does not charge any inactivity fees. This policy is great for traders who may not always be actively trading, allowing them to take breaks without worrying about penalties that would reduce their account balances.
FBS Currency Conversion Fees
Consider potential costs when transacting in currencies other than your account’s base currency. While FBS does not directly charge currency conversion fees, these costs are usually factored into the exchange rate given by the payment processor or financial institution.
Brazilian traders need to know that when transacting with the Brazilian Real, they encounter higher conversion fees than other major currencies. This is because the Brazilian Real is not as widely traded and, therefore, less popular among traders.
Does FBS charge fees for currency conversion for Brazilian traders?
FBS can charge currency conversion fees if traders deposit or withdraw funds in a currency different from their account currency.
What is the minimum trade size and associated fees with FBS for Brazilian traders?
The minimum trade size with FBS for Brazilian traders is 0.01 lots, and fees are based on the spread with no commissions.
FBS Deposits and Withdrawals
If there’s one thing we really appreciate about FBS, it is that it truly caters to a global audience. Brazilians can easily go onto the FBS website and view the local and international payment options they have to deposit and withdraw funds.
In the table below, we outline the options that Brazilians have for fund management. Then, we give a general step by step on how traders can use each payment category to either deposit or withdraw funds.
💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
Debit/Credit Card | All | EUR | Instant – 7 days |
Neteller | All | USD | Instant – 7 days |
Perfect Money | All | USD | Instant – 7 days |
Skrill | All | USD | Instant – 7 days |
PIX | Brazil | USD | Instant – 48 hours |
AstroPay | Brazil, Chile, Mexico | USD | Instant – 48 hours |
Banco Citibank S.A | Brazil | USD | 15 minutes – 7 days |
Banco Santander (Brasil) S.A. | Brazil | USD | 15 minutes – 72 hours |
Banco do Brasil | Brazil | USD | 15 minutes – 72 hours |
Bradesco | Brazil | USD | 15 minutes – 72 hours |
Caxia Econômica Federal | Brazil | USD | 15 minutes – 72 hours |
Itau | Brazil | USD | 15 minutes – 72 hours |
FBS Deposits
How to Deposit using Bank Wire Step by Step
- Log into your FBS account and go to the ‘Finance’ or ‘Deposit’ area.
- Choose ‘Bank Wire’ as your deposit method.
- FBS will supply you with the relevant banking details, including the account number and SWIFT code.
- Start the bank wire transfer from your bank account, which can be done online, by phone, or in person at a bank.
- Please confirm the transaction in your FBS account. Note that bank wire transfers can take a few days to appear in your FBS account.
How to Deposit using Credit or Debit Card Step by Step
- Access your FBS account and navigate to the ‘Finance’ or ‘Deposit’ area.
- Select ‘Credit or Debit Card’ as your deposit method.
- Enter your card information, including the number, expiration date, and CVV.
- Enter the deposit amount and any further authentication needed for card security.
- Submit and confirm your deposit. Deposits made with a credit or debit card are normally quick but might take up to seven days.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Log in to your FBS account and pick ‘Finance’ or ‘Deposit’.
- Select your favorite e-wallet or payment gateway, such as AstroPay, PIX, Skrill, or Perfect Money.
- Enter the necessary information, such as your e-wallet account details and deposit amount.
- Confirm the deposit. E-wallet deposits are often handled immediately but can take up to 48 hours.
FBS Withdrawals
How to Withdraw using Bank Wire Step by Step
- Access your FBS account and go to the ‘Finance’ or ‘Withdrawal’ sections.
- Choose ‘Bank Wire’ as your withdrawal method.
- Provide your bank account information, such as the account number and SWIFT/BIC code.
- Enter the withdrawal amount in BRL and follow any extra verification steps FBS requests.
- Submit the withdrawal request. Bank wire withdrawals might take several days owing to bank processing requirements.
How to Withdraw using Credit or Debit Cards Step by Step
- Log onto the FBS portal and navigate to the ‘Finance’ or ‘Withdrawal’ sections.
- Select ‘Credit or Debit Card’ as your withdrawal method.
- Enter your credit card details and the amount you’d like to withdraw.
- Complete any required verification processes.
- Submit the withdrawal request. Withdrawals to credit or debit cards may take up to seven days.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Log in to your FBS account and click ‘Withdrawal’ from the ‘Finance’ section.
- Select your favorite e-wallet, like Perfect Money, AstroPay, PIX, etc.
- Choose the trading account from which you wish to withdraw funds and input the e-wallet account information.
- Enter the amount you want to withdraw, then confirm the transaction.
- Withdrawals to e-wallets are typically handled within 48 hours.
Are there any withdrawal limits for Brazilian traders using FBS?
Yes. FBS might have withdrawal limits on certain payment methods. Therefore, we urge traders to review the withdrawal method available to familiarize themselves with these limits.
How does FBS ensure the security of deposits and withdrawals for Brazilian traders?
FBS ensures the security of transactions with SSL certificates and adheres to strict financial regulations.
Min Deposit
USD 5
Regulators
FSC, ASIC, CySEC
Trading Platform
MT4, MT5, FBS App
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FBS Education and Research
Currency Converter
The FBS currency converter is useful for Brazilian traders who must deal with currency exchanges involving the Brazilian Real (BRL).
It streamlines the process of determining the value of various currencies in relation to the BRL, which is essential for effectively managing capital and accurately evaluating risk.
With real-time updates, this tool provides Brazilian traders with the most current exchange rates, essential for making timely decisions in the dynamic forex market.
Educational Video Lessons
The FBS educational video lessons are a valuable resource for traders in Brazil. These lessons cover various topics, from basic forex trading to advanced technical and fundamental analysis.
They provide invaluable knowledge and insights. For Brazilian traders who may encounter language barriers or have a preference for Portuguese content, FBS provides localized videos to enhance accessibility and relevance in learning.
Whether you’re just starting out or have years of experience, these videos are valuable for learning about trading.
Glossary
The comprehensive glossary is a valuable resource for Brazilian traders to become familiar with trading terminology. It provides a comprehensive explanation of the terms and concepts necessary for a solid understanding of the forex market.
We believe this glossary is particularly helpful for new traders, providing a way to overcome language barriers and enhance trading education. It ensures that Brazilian traders have a solid understanding of important trading terminology.
FAQ
The FAQ section on FBS’s website answers common questions that Brazilian traders may have.
Providing comprehensive information on various subjects, from account setup to trading conditions, this resource offers a convenient and effective solution for finding answers, ultimately saving time and minimizing reliance on direct customer support.
Designed to cater to various global traders, these FAQs address questions about local payment methods and regulatory concerns, offering pertinent information.
Forex Calculators
FBS provides a range of forex calculators that are essential for Brazilian traders. These calculators are designed to assist with trade planning and risk management, offering quick calculations for margin, pip value, profit, and other important factors.
This resource is especially valuable for traders working with the BRL because it helps comprehend the impact of market fluctuations on trades in local currency, ensuring more informed decision-making.
MetaTrader 4 Multiterminal
The MetaTrader 4 Multiterminal is an invaluable tool for Brazilian traders who must manage multiple accounts efficiently.
We found that it offers the convenience of managing multiple accounts at once, making it perfect for individuals with various strategies or those who handle client accounts.
Designed to cater to the needs of Brazilian traders, this platform efficiently executes multiple trades across various accounts with its user-friendly interface.
VPS
If you’re a trader in Brazil looking for a reliable and fast trading experience, FBS’s Virtual Private Server (VPS) service is perfect for you.
Focusing on uninterrupted trading, this service guarantees smooth operations even during power outages or internet issues. We believe traders in specific Brazil regions can rely on these enhanced execution speeds and top-notch security.
Webinars
FBS’s webinars allow Brazilian traders to gain knowledge from industry experts in real-time.
These webinars cover various topics, including market analysis and trading strategies. They are frequently offered in Portuguese, providing an engaging learning experience for Brazilian traders. Participants have the opportunity to ask questions that are relevant to their specific trading context.
VIP Analytics
FBS presents exclusive market insights and analysis for Brazilian traders, giving them a valuable advantage in trading decisions.
From what we can see, comprehensive reports and forecasts help traders gain insights into market trends and evaluate the impact of economic factors on the BRL and the broader Latin American market.
Economic Calendars
With FBS’s economic calendar, Brazilians can easily stay on top of economic events that impact the forex market.
We found that this tool emphasizes the importance of scheduled releases of economic indicators, helping traders anticipate market movements. Catering specifically to Brazilians, it hones in on events that are important to the BRL and the Latin American region, providing valuable assistance in strategic planning.
Forex Guidebook
The Forex Guidebook provided by FBS is a comprehensive manual that caters to the needs of Brazilian traders.
It covers a wide range of topics, starting from the basics and progressing to advanced trading techniques. With structured learning, Brazilian traders can confidently navigate the complexities of forex trading, gaining a deep understanding of the subject.
Market Analytics
FBS’s market analytics provide Brazilian traders comprehensive insights into market dynamics, including technical analysis, expert commentary, and market news.
We found these resources are regularly updated and provide valuable insights to help you stay informed about global and local financial events that can impact your trading strategies.
Tips for Traders
In our evaluation, we found that practical advice and strategies are available through FBS’s Tips for Traders, designed to assist Brazilian traders in improving their trading skills and steering clear of common pitfalls.
Furthermore, these tips are tailored to various markets, considering local trading conditions and practices based on real trading experiences.
Seminars
The FBS seminars let traders connect with industry professionals and fellow traders, which will help Brazilians enhance their trading knowledge and skills.
Designed to cater to the needs and challenges of traders in the Brazilian market, these seminars provide valuable opportunities for learning and networking.
Does FBS offer any special educational programs for Brazilian traders?
FBS has educational programs that include online workshops and webinars specifically designed to cater to the learning curve of Brazilian traders.
Are there any research tools available at FBS for Brazilian traders to analyze the markets?
Yes, FBS provides Brazilian traders with advanced research tools, including economic calendars, daily market analysis, and Forex news updates.
FBS Bonuses and Promotions
Unfortunately, FBS does not offer any trading bonuses to its users at the moment. Moreover, it provides a highly appealing Introducing Broker (IB) program, which proves to be particularly advantageous for individuals residing in Brazil.
With this program, partners can earn a substantial portion of the spread, up to 43%, from the trades made by clients they refer. This program stands out due to its daily computation of commissions, allowing partners to withdraw their earnings whenever they choose conveniently.
Commission eligibility for partners is determined by their “Grade” in the program, which is recalculated monthly based on the average commission earned in the previous three months.
By following a structured approach, partners are motivated to actively seek and maintain their referrals while also having a clear pathway to maximize their potential earnings.
FBS Affiliate Programs
FBS has thus far proven to be a versatile broker with solutions geared towards global clients, including Brazil. Considering everything we’ve discussed, FBS emerges as an ideal trading partner. Join us as we discover what FBS offers its Brazilian affiliates.
Features
After deeply reviewing the FBS affiliate program, we came across a fantastic chance for Brazilian traders to establish their own business with zero initial investment.
Partners may earn commissions through this program by referring new traders to the FBS platform. The opportunity to earn as much as 43% of the spread from the activity of traders they refer is what makes it stand out.
This compensation structure offers a lot of money for partners that are great at bringing in active traders.
Payment of commissions on a daily basis is a major perk of the FBS affiliate program. This implies that partners can be certain of a steady flow of money and can access it whenever they need it.
Plus, partners can withdraw as much or as little as they desire, whenever they want, because there are no withdrawal limitations. We found this function particularly helpful for partners who use this money for regular costs or wish to use it to grow their clientele.
Partners can increase their revenue through the program’s multi-level partnership structure by recruiting affiliates and sharing their profits. This multi-tiered strategy promotes establishing an affiliate network, expanding the possible revenue stream beyond direct customer referrals.
Partners can use the Rebate option to encourage customer retention and trading activity. Incentives like these motivate customers to trade more frequently and actively. In addition to helping clients out with rewards, this also increases trading volume, which means more money for partners.
With more than 27 million traders and 410,000 partners from more than 150 countries, the FBS affiliate program is clearly doing something right.
The extensive network is backed by FBS’s extensive market knowledge, which gives partners a strong base to establish their business.
Furthermore, the round-the-clock support in several languages makes the program even more attractive. This means that partners and their clients can obtain assistance whenever needed.
For Brazilian traders looking to increase their revenue through a collaboration with a trustworthy forex broker, the FBS affiliate program offers a wide array of advantages and rewards.
Aspiring affiliates in the trading sector flock to the FBS affiliate program for its reasonable commission rates, flexible withdrawal methods, multi-level partnership perks, and powerful support system.
How to Register an Affiliate Account with FBS Step-by-Step
Brazilians who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select Company and then FBS IB Program
Access the official website of FBS and navigate to the Company option then select FBS IB Program from the homepage.
👉Step 2 – Select Open a Partner Account
Click the “FBS IB Program” option and wait for the page to load. Next, go through the information and click “Open a Partner Account” once you’ve familiarized yourself with FBS’s program details. Once you click the banner, you will be redirected to the sign-up page.
👉Step 3 – Complete Form.
You’ll need to fill out a form with information about yourself, like your name, email address, and phone number. Once you’ve completed the form with all the required information, click “Submit” or “Register” to complete your application.
FBS will look over your application, and if it’s accepted, you’ll get an email with directions on how to log in to and manage your IB Partner Account.
We found that affiliate programs offer many perks, such as the chance to receive daily commission payments and many marketing tools to help you with your referral efforts.
Does FBS provide marketing tools for Brazilian affiliates to promote their services?
Yes, FBS provides various marketing tools, including banners, promotional materials, and a personal affiliate manager to support Brazilian affiliates.
How does FBS track the clients referred by Brazilian affiliates?
FBS tracks clients referred by Brazilian affiliates using unique affiliate links and provides a detailed reporting system to monitor their activity.
FBS Customer Support
Customer Support
🔑Customer Support | 🥇FBS Customer Support |
⏰Operating Hours | 24/7 |
🌎Support Languages | English, Portuguese, Thai, Malay, Vietnamese, Arabic, Hindi, Chinese, and more |
🔊Live Chat | Yes |
🖥️Email Address | Yes |
☎️Telephonic Support | Yes |
🏆The overall quality of FBS Support | 4/5 |
Response Time
🔑Support Channel | ⏰Average Response Time | ⏱️User-based Response Time |
☎️Phone | 10 minutes | 5 – 7 minutes |
1 working day | Same-day | |
🔊Live Chat | 5 – 10 minutes | 2 minutes |
📱Social Media | 10 minutes | 5 – 7 minutes |
👥Affiliate | 1 working day (email) | Same-day |
How quickly does FBS respond to customer inquiries from Brazilian traders?
FBS aims to promptly respond to customer inquiries from Brazilian traders, often within minutes.
Does FBS have a dedicated support team for technical issues Brazilian traders face?
Yes, FBS has a dedicated technical support team to assist Brazilian traders with any platform or trading-related issues.
FBS Social Responsibility
Although FBS’s official website does not specifically mention Corporate Social Responsibility (CSR) initiatives, the company is actively involved in meaningful CSR efforts, especially in education. External sources highlight FBS’s commitment to creating a positive impact on society.
In November 2023, FBS was featured on The Citizen magazine’s podcast, where they discussed the important role that large companies play in promoting STEM education.
Diego Lima, FBS’s Business Development Manager for Africa, provided valuable information about the company’s partnership with Education Africa.
Their partnership is dedicated to improving education at Masibambane College in Orange Farm, Johannesburg, with the goal of enhancing the quality and accessibility of education provided.
This partnership with Education Africa showcases FBS’s dedication to corporate social responsibility, particularly in regions with limited access to high-quality education.
Through a focus on educational enhancements, FBS supports academic progress and plays a vital role in fostering broader community development.
This approach demonstrates a growing recognition among businesses of the significance of investing in education and community involvement to promote sustainable growth and empowerment.
While FBS may not explicitly highlight its CSR activities on its website, its commitment to educational development and community support is clearly demonstrated through its actions.
These efforts showcase FBS’s dedication to social responsibility, going beyond its main business activities to make a positive difference in society.
Conclusion
From our observations of FBS as a forex and CFD broker, we have noticed that it presents both advantages and difficulties for Brazilian traders.
One advantage of FBS is its user-friendly platform and competitive spreads. This is an excellent option for active traders who are looking to minimize their trading expenses.
We also found that FBS is dedicated to ensuring a seamless trading experience, demonstrated by its robust technology and flexible retail trading account tailored to suit different trading styles and experience levels.
However, Brazilian traders might encounter some disadvantages when using FBS. Dealing with currency conversion fees can significantly impact traders’ profits, as there are no accounts available in Brazilian Real (BRL).
In addition, the fees associated with depositing and withdrawing funds can increase the overall trading costs, which might not be suitable for individuals who are mindful of their expenses or engage in smaller trades.
We also found that FBS offers only one type of retail account to non-EU traders, which might not cater to the diverse needs of all traders. Some traders may desire additional options or features in their accounts.
In addition, the range of financial instruments offered is somewhat limited, which may not appeal to traders seeking to diversify their investments across various markets.
We also noted that while FBS provides educational resources, its offerings’ depth is not as extensive as those provided by other brokers.
However, despite these drawbacks, we found that FBS still has a comprehensive offer, especially for Brazilian traders. Firstly, FBS is well-regulated and offers a safe trading environment. FBS doesn’t charge commissions on trades and offers a demo and Islamic Account.
In addition, Brazilians can use local deposit and withdrawal methods to ensure effective fund management. FBS doesn’t charge an inactivity fee on dormant accounts, and the overall trading and non-trading fee schedules are transparent and dynamic.
Overall, we can conclude that although FBS might seem limited, the broker offers a solid trading platform with attractive features, competitive fees, a lucrative affiliate program, and more.
However, we urge Brazilian traders to consider the disadvantages that we identified, such as currency conversion fees, limited account options, and educational resources. Therefore, we urge traders to evaluate FBS thoroughly to determine their suitability before signing up for an account.
FBS User Comments and Reviews
- “Make sure you consider all the important things about FBS before signing up. These include their trade tools, fees, and how they do business.”
- “The rates at FBS are fine, but they need to do a better job with withdrawals. It should be quick and always work independently, not in manual mode, especially on the weekends.”
- “The last two weeks have been hard for me with FBS. My deposit is nowhere to be found, not in my bank or FBS accounts. It’s a mess.”
- “Something went wrong with my account not long ago, but FBS help fixed it right away. I could trade again right away after the problem was fixed.”
- “It depends on what you want in a broker when you choose FBS. They have a lot of good points, but it depends on what you need to trade.”
- “A lot of good things have been said about FBS. In the trading world, they seem to have a good name. I gave them a go, and they weren’t as disappointing as many other brokers who claim they’re THE best.”
Our Recommendations on FBS
While FBS’s offer is extremely compelling, we believe a few improvements can be made. Therefore, based on our review, we can make these recommendations:
- FBS can ensure that the mobile trading app is perfectly tailored for Brazilian users, complete with comprehensive Portuguese language support and features that align with local trading habits.
- Providing special promotions and bonuses specifically tailored for the Brazilian market will help attract a larger number of traders and encourage increased trading activity.
- Local offices in Brazil can give Brazilian traders a sense of security and trust, providing them a tangible connection to FBS.
- Partnerships with local Brazilian banks and financial institutions could help build trust and smooth transactions for Brazilian clients.
- Given the economic volatility in Brazil, it will be advantageous to provide trading conditions that can adapt to the high inflation and interest rate fluctuations.
- By collaborating closely with Brazilian financial regulators, FBS can demonstrate its dedication to compliance and potentially acquire local licensing. This would give traders peace of mind regarding the broker’s commitment to their market.
- Enhancing the range of educational resources available in Portuguese, such as webinars, video tutorials, and written content, would effectively address the requirements of Portuguese-speaking traders. This would enable them to comprehend intricate trading concepts and strategies better.
- By customizing market analysis and economic calendars to prioritize events and indicators that directly impact the Brazilian market, traders can gain valuable insights specifically tailored to their trading decisions.
- By establishing a community platform for Brazilian traders, they can come together to exchange experiences, strategies, and valuable tips. This initiative has the potential to cultivate a strong sense of belonging and loyalty towards FBS.
Our Insight
Based on my experience, it’s an excellent trading partner. Although using a single account for various techniques is convenient, I would prefer fewer spreads. Their extensive asset variety is one of my favorite things about FBS. The hefty withdrawal fees charged by FBS are a major negative for Senegalese traders. The platform can be more appealing and affordable for traders by lowering withdrawal costs.
FBS Pros & Cons
✅Pros | ❌Cons |
There is an extremely low entry barrier of 51 BRL ($5) to access over 550 instruments | FBS’s spreads are wider than those of other brokers who offer spread-only trading |
FBS has a transparent fee schedule with competitive pricing | FBS does not offer a BRL-denominated account |
Negative balance protection is applied to retail accounts | Localized support in Brazil is limited because FBS does not have an office in the region |
FBS supports MetaTrader 4 and 5 across devices | FBS no longer offers copy trading, which is a drawback for social traders |
There is an Islamic Account offered that has the same competitive conditions as the retail account | There are reported withdrawal delays |
Brazilians can use several local payment methods to deposit and withdraw funds | FBS charges deposit and withdrawal fees |
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Frequently Asked Questions
Can I trade Brazilian assets like Petrobras and Vale on FBS platforms?
No, you can’t. However, while FBS does not provide direct trading of Brazilian equities, it does provide a variety of other foreign marketplaces and stocks for trading.
What type of leverage can I expect from FBS as a Brazilian trader?
FBS provides a maximum leverage of 1:3000, suitable for conservative and aggressive trading styles.
Is FBS regulated in Brazil?
No. The Brazilian financial authorities do not directly regulate FBS. However, as a recognized international broker, FBS follows global industry norms that ensure customer safety and fair operations.
Can I begin trading with FBS in Brazil with a modest initial deposit?
Yes, you can begin trading with FBS at as low as 51 BRL ($5), making it accessible to traders of varied budgets.
Are there any special offers or perks for Brazilian customers?
Yes. FBS frequently offers deals specialized to certain regions, like Brazil. However, there are currently no active bonuses.