FBS — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

Long-running offshore broker with a large Nigerian following. Nigerian sign-ups are covered by FBS Markets Inc, regulated by the Financial Services Commission of Belize (licence 4077102, per FBS's own January 2026 policy documents) — an offshore licence, not top-tier oversight. Known for very high leverage and cent-account entry points on MetaTrader.

FBS

Long-running offshore broker with a large Nigerian following. Nigerian sign-ups are covered by FBS Markets Inc, regulated by the Financial Services Commission of Belize (licence 4077102, per FBS's own January 2026 policy documents) — an offshore licence, not top-tier oversight. Known for very high leverage and cent-account entry points on MetaTrader.
★★★★☆
3.8/5 · How we rate
FBS Markets Inc — Financial Services Commission, Belize (licence 4077102)
Regulator (Ng Clients)
Up to 1:3000 advertised on fbs.com
Max Leverage
MetaTrader 4, MetaTrader 5, FBS app
Platforms
Local payment methods vary by country; naira deposits not confirmed on the pages we reviewed
Naira Support
Small-balance traders who want cent/micro accounts on MT4/MT5
Best For
Pros
  • Legal entity and Belize FSC licence number are clearly stated in FBS's own client documents
  • MetaTrader 4 and 5 both supported, with a low cost of entry for small accounts
  • Established brand with a strong presence across African and Asian retail markets
Cons
  • Belize FSC is an offshore regulator — there is no Nigerian or top-tier (FCA/ASIC-grade) protection or compensation scheme behind a Nigerian account
  • Advertised leverage up to 1:3000 can wipe out a deposit on a small market move
  • CFDs and leveraged forex are high-risk products — the majority of retail traders lose money
Fees, eligibility & documents
Fees
SpreadsVariable by account type; check the live spread table on fbs.com before funding
Deposits/withdrawalsMethod-dependent; local options and any fees differ by country
Eligibility
  • 18 or older
  • Pass FBS's KYC identity and address verification
  • Not resident in a restricted jurisdiction (e.g. USA, EU)
Documents needed
  • Valid government-issued ID
  • Proof of address
Visit FBS

How FBS compares in forex & cfd brokers

FBS scores 3.8/5 in our forex & cfd brokers rankings. Our current top pick is Pepperstone (4.3/5). Always compare a few before you decide — see the full forex & cfd brokers comparison.

FBS
3.8/5 · this page
 Pepperstone
4.3/5
 XM
4.1/5
Regulator (Ng Clients) FBS Markets Inc — Financial Services Commission, Belize (licence 4077102) — —
Max Leverage Up to 1:3000 advertised on fbs.com 1:400 1:1000
Platforms MetaTrader 4, MetaTrader 5, FBS app MT4, MT5, cTrader, TradingView MT4, MT5
Naira Support Local payment methods vary by country; naira deposits not confirmed on the pages we reviewed — —
Best For Small-balance traders who want cent/micro accounts on MT4/MT5 — —
Visit FBS → Visit Pepperstone → Visit XM →

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Details last checked: August 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.