Overall, FBS offers accounts with commission-free trading, access to MetaTrader, and exposure to forex, metals, indices, and more.
Traders can manage accounts in multiple currencies, use TradingView charts through the app, and earn rebates. Singaporeans can expect leverage up to 1:3000 across account types.
 | Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
FBS Broker Overview
| 🔍Category | 🌎Details |
| 🏦Singapore Office Address | FBS operates globally from its international offices (Cyprus, Belize). There is no local office in Singapore. |
| 📧Email Support | [email protected] |
| 📞Phone Support (Singapore) | Call +357 25 313540 |
| 💬Live Chat | Available via the official FBS website |
| ⏱️Customer Support Hours | 24/7 support across all listed channels |
| ⏳Office Operating Hours | Business hours. Customer support is 24/7. |
| 🌐Official Website | www.fbs.com |
| 🚀 Sign up | Open Account |
10 Best Forex Brokers in Singapore
Rank
Broker
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Official Site
FBS Licensing and Regulation
FBS is not regulated by the Monetary Authority of Singapore (MAS). However, FBS operates legally in other regions. Despite the lack of MAS, Singapore-based traders can still access FBS under its offshore licences.
| Regulator / Authority | Region / Country | License / Registration No. | Status / Description |
| International Financial Services Commission (IFSC) | Belize | IFSC/000102/124 | Offshore entity offering services to clients in non-regulated regions, including Singapore. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 331/17 (Tradestone Ltd.) | Regulated under EU MiFID framework. Member of the Investor Compensation Fund (ICF). |
| Australian Securities and Investments Commission (ASIC) | Australia | 426359 (FBS Oceania) | Regulated under Australian law. Not available to Singapore residents. |
| Financial Sector Conduct Authority (FSCA) | South Africa | 50885 (Trade Stone SA Pty Ltd) | Licensed for South African residents. Local regulation in South Africa only. |
Is FBS licensed to operate in Singapore?
FBS is not directly licensed by the Monetary Authority of Singapore (MAS). Instead, it operates under international regulatory authorities. Traders in Singapore should verify local compliance requirements before using FBS services for forex and CFDs.
How does FBS ensure regulatory compliance for Singapore traders?
While FBS is not MAS-regulated, it follows strict guidelines under reputable international regulators. This ensures transparency, fund safety, and fair trading practices. Singapore clients are encouraged to confirm legal requirements before opening an account with FBS.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Account Types
| 🔍Live Account | 💵Minimum Dep. | 🚀Open an Account | 📝Leverage | ⌛Commissions |
| Standard | €100 | Open Account | Up to 1:30 (retail) / Up to 1:500 (pro) | Spread only |
| Cent | €10 | Open Account | Up to 1:30 (retail) / Up to 1:500 (pro) | Spread only |
| Islamic (Standard) | €100 | Open Account | Up to 1:30 (retail) / Up to 1:500 (pro) | Fixed weekly commission on exotics; flat admin fee >2 days |
| Islamic (Cent) | €10 | Open Account | Up to 1:30 (retail) / Up to 1:500 (pro) | Fixed weekly commission on exotics; flat admin fee >2 days |
Standard Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 |
| 📉 Spread Pips | Floating from 0.7 pips |
| 💰 Minimum Deposit | €100 or equivalent |
| 📈 Maximum Leverage | Up to 1:30 for retail, up to 1:500 for professional status |
| 💹 Trading Instruments | 28 currency pairs, 15 forex exotics, 8 metals, 11 indices, 3 energies |
| 🏆 Best For | Traders with a solid understanding of risk who want access to a full multi-asset setup |
| ✅ Advantages | Higher volume capacity, full CFD access, fast execution, supports both EUR and USD accounts |
| 🚀Sign up | Open Account |
Cent Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 |
| 📉 Spread Pips | Floating from 0.7 pips |
| 💰 Minimum Deposit | €10 or equivalent |
| 📈 Maximum Leverage | Up to 1:30 for retail, up to 1:500 for professional status |
| 💹 Trading Instruments | 28 currency pairs, 2 metals, 11 indices, 3 energies |
| 🏆 Best For | New traders who want to trade real market conditions with reduced financial exposure |
| ✅ Advantages | Micro-lot sizing, minimal deposit requirement, full market execution, risk-managed learning environment |
| 🚀Sign up | Open Account |
Demo Standard Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 |
| 🛠️ Features | Simulated full-lot trading, market execution from 0.03 seconds, supports up to 400 orders, no deposit needed |
| 🏆 Best For | Testing multi-asset strategies, learning order flow on full-volume conditions, evaluating execution under real-market pricing |
| 🚀Sign up | Open Account |
Demo Cent Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 |
| 🛠️ Features | Virtual micro-lot trading, exposure scaled to cent lots, up to 400 positions, no deposit required |
| 🏆 Best For | Practising with smaller unit values, developing risk-control techniques, preparing for live Cent trading |
| 🚀Sign up | Open Account |
Islamic Cent Account
| Account Feature | Value |
| 💻 Trading Platforms | MT5 |
| 📉 Spread Pips | Floating from 0.7 pips |
| 💰 Minimum Deposit | €10 or equivalent |
| 📈 Maximum Leverage | Up to 1:30 for retail, up to 1:500 for professional status |
| 💹 Markets Offered | 28 currency pairs, 2 metals, 11 indices, 3 energies |
| 🏆 Best For | Traders looking to follow Sharia principles while developing trading habits on live markets |
| ✅ Advantages | No swaps, full access to instruments, small lot sizing, same conditions as standard cent accounts |
| 🚀Sign up | Open Account |
Does FBS offer a demo account for practice trading?
Yes, FBS offers a demo account for traders to practice trading without risking their money.
Does FBS offer accounts with negative balance protection?
Yes, FBS offers negative balance protection to keep traders from losing more than their initial deposit.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
How To Open An Account Step-by-Step
Step 1: Go to the official website and click on the “Open Account” button
Step 2: Complete the online registration form” button
Users must submit personal information such as their name, email address, and phone number to create a Personal Area.
Step 3: Verify your Account
Following completion of this phase, FBS demands account verification, a routine compliance precaution to maintain security; traders must present identification documents such as a passport or national ID, and maybe a utility bill for address verification.
- After successfully proving their identification, traders can choose their chosen trading platform from the available alternatives, which include MetaTrader 4, MetaTrader 5, and the FBS Trader App. After selecting a platform, traders must make an initial deposit, with various payment options available to suit their preferences.
- Finally, Singaporean traders can begin trading once their deposit is confirmed and the funds are reflected in their trading account.
- If assistance is required throughout the registration process, FBS provides customer service through numerous channels for convenience.
What information do I need to provide to open an FBS account?
Personal information such as your name, email address, phone number, and verification documents will be required.
Can I open more than one trading account with FBS?
Yes, traders can open numerous trading accounts with FBS.
FBS vs Markets.com vs FXCM – Broker Comparison
| 🔍Broker | 🥇FBS | 🥈Markets.com | 🥉FXCM |
| ⌛Regulation | IFSC, CySEC, ASIC, FSCA | ASIC, CySEC, FSCA, FCA, BVI FSC | FCA, ASIC, CySEC, FSCA |
| 🗂️Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 | Markets.com MetaTrader 4 MetaTrader 5 | Trading Station MetaTrader 4 ZuluTrade Capitalise AI TradingView Pro |
| 💴Withdrawal Fee | Yes | None | Yes, bank wire |
| 🆓 Demo Account | Yes | Yes | Yes |
| 💵Min Deposit | 7 SGD | 67 SGD | 67 SGD |
| 📈Leverage | Up to 1:3000 | 1:300 | 1:30 (FCA) 1:400 (Other Reg) |
| ✏️Spread | From 0.7 pips | From 0.6 pips | From 0.2 pips EUR/USD |
| 💷Commissions | $0 | Spread only | Only the spread is charged |
| 🛑 Margin Call/Stop-Out | 30%/ 10% | 50%/30% | 100%/50% |
| 🧑⚖️Order Execution | Market | Instant, Market | Market |
| 💰No-Deposit Bonus | None | None | None |
| 🪙Cent Accounts | Yes | None | None |
| 🗂️Account Types | Retail Account | Basic Account Classic Account Silver Account Gold Account Platinum Account | Spread Betting CFD Trading Active Trader Professional Trader |
| 🌟 MAS Regulation | None | None | None |
| 📌SGD Deposits | None | None | None |
| ✴️SGD Account | None | None | None |
| 🕰️Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 🗂️Retail Investor Accounts | 1 | 5 | 1 |
| ☪️Islamic Account | Yes | Yes | Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots | 100 lots | 50 million per trade on Forex |
| ⏰Minimum Withdrawal Time | 5 minutes | 24 hours | Instant |
| ⏱️Maximum Estimated Withdrawal Time | Up to 7 days | 7 working days | Up to 2 working days |
| ✔️Instant Deposits and Instant Withdrawals? | Deposits | Yes, Deposits | Yes |
| 🚀Sign up | Open Account | Open Account | Open Account |
What Trading Platforms Does FBS Offer?
FBS provides four trading platforms for clients in Singapore: MetaTrader 5, MetaTrader 4, FBS VPS, and the FBS App.
MetaTrader 5 supports all Forex Exotic pairs available through FBS, while MetaTrader 4 is limited to a smaller list. VPS is available for automated or uninterrupted strategies, and the mobile app offers platform functionality from your phone.
MetaTrader 4
FBS’s MetaTrader 4 (MT4) platform is ideal for Singaporean traders who prefer a balance of simplicity and powerful capabilities. Its user-friendly design makes it an excellent alternative for novice and intermediate traders in Singapore.
The platform’s swift order execution capabilities suit Singapore’s financial markets’ fast-paced trading environment well. Furthermore, MT4’s strong charting capabilities are advantageous for
Singaporeans engaged in technical analysis, allowing them to analyze market movements effectively. The customization options of the platform also allow traders to personalize their trading experience to their strategy, which is a key advantage in Singapore’s diversified and dynamic trading market.
MetaTrader 5
MT5 is an enhanced version of MT4 tailored to meet the demands of expert traders in Singapore. The platform boasts advanced analytical tools and extended timeframes, facilitating thorough market analysis.
With multi-asset trading capabilities allowing for seamless transitions between markets, Singaporean investors who trade across different asset classes would highly value this feature.
Additionally, its comprehensive financial trading functions, accompanied by top-notch technical and fundamental research resources, make it a suitable choice for experienced traders looking to gain extensive knowledge about the markets while easily executing complex strategies.
FBS App
Designed with the modern Singaporean trader in mind, the FBS Trader App prioritizes mobility and convenience. This software presents a comprehensive trading solution that enables mobile users to take full control of their accounts seamlessly.
With its user-friendly interface and uncomplicated design, this app is ideal for traders constantly on the go, as it allows them to handle transactions efficiently while accessing essential trading tools anytime from anywhere.
The application offers unparalleled ease of use without compromising important features crucial to any successful trade deal, making it particularly advantageous for those desiring more straightforward yet accessible trades.
The real-time data updates and exceptional execution capabilities make the FBS Trader App an invaluable asset tailored towards Singaporeans looking for fast market access coupled with swift decision-making abilities, streamlining their overall experience effortlessly.
FBS VPS
The FBS VPS gives you a private trading environment where you can run Expert Advisors without relying on your home internet or local device.
Key Features
- Connect to your terminal remotely from any device or location.
- Access your FBS account with pre-installed Expert Advisors.
- Avoid disruptions caused by local power or network outages.
- Use automated strategies continuously without downtime.
- Secure your trading data with server-level protection and backup.
FBS VPS is ideal for anyone in Singapore who uses automated strategies or needs uninterrupted terminal access throughout the day and night.
Are FBS platforms suitable for beginner Singaporean traders?
Yes, FBS platforms, particularly MetaTrader 4, are user-friendly and suited for Singaporean novices.
Can Singaporean traders customize their trading environment on FBS platforms?
Yes, Singaporean traders on FBS platforms can customize their trading environment with various indicators and tools.
Range of Markets
FBS offers Singaporean traders the following Trading Instruments:
| 🔍Market Type | 🔢 Market Description | 📈Examples/Popular Instruments | 🥇Reasons Why Singaporean Traders Should Be Familiar With This Type |
| 🏦 Forex CFDs | Access to major, minor, and exotic currency pairs across Asia, Europe, and North America. | EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP | Singapore traders tend to engage with multiple time zones. Forex offers weekday flexibility and familiar global pairs. |
| 🏦 Forex Exotic Pairs | Trade currencies with regional or emerging economies, including pairs pegged to SGD. | USD/SGD, EUR/SGD, GBP/SGD, SGD/JPY, NZD/SGD, CHF/SGD | Includes Singapore Dollar pairs, which is ideal for locals wanting to hedge or gain exposure to regional currencies. |
| 📈 Stocks CFD | More than 400 global share CFDs across the UK, US, and Europe. | BP PLC, HSBC Holdings, Unilever, Nike, Tesla, EasyJet, Legal & General | Popular global names, several with operations in or exposure to Asia-Pacific markets. |
| 📊 Indices CFD | Global indices across US, UK, Europe, and Asia. | US500 (S&P 500), HK50 (Hang Seng), JP225 (Nikkei), UK100 (FTSE), DE30 (DAX), EU50 (Euro Stoxx 50) | Index CFDs give exposure to broader markets without trading individual stocks. Great for those watching macro events. |
| 🛢️ Commodities CFD | Trade global energy markets including crude oil benchmarks and natural gas. | Brent (XBRUSD), WTI (XTIUSD), Natural Gas (XNGUSD) | Singapore imports oil and gas. These assets can reflect broader economic or supply chain dynamics in the region. |
| 🏦 Metal CFDs | Precious and industrial metals, priced against several currencies. | Gold (XAUUSD, XAUSGD), Silver (XAGUSD), Palladium, Platinum | Gold priced in SGD is available. Metals can act as inflation hedges or safety assets during economic uncertainty. |
Are commodities available for trading with FBS in Singapore?
Yes, Singaporean traders can use FBS to trade commodities such as gold (XAU/USD) and oil (XBR/USD).
Does FBS offer Singaporean traders the ability to trade in their local currency pair, USD/SGD?
Yes, Singaporean traders can trade the USD/SGD currency pair with FBS.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
FBS Fee Structure for Singapore Traders
Spreads
Spreads per Account Type
FBS offers two account types for Singapore-based traders: Standard and Cent. Both feature floating spreads starting from 0.7 pips.
Spreads on Popular Instruments
Spreads vary depending on market conditions, but here are typical values for commonly traded instruments among Singapore traders:
| Instrument | Description | Typical Spread |
| EURUSD | Euro vs US Dollar | 0.00012 |
| XAUUSD | Gold Spot | 0.24 |
| XAGUSD | Silver | 0.026 |
| USDSGD | US Dollar vs Singapore Dollar | 0.00036 |
| SGDJPY | Singapore Dollar vs Japanese Yen | 0.060 |
| EURSGD | Euro vs Singapore Dollar | 0.00043 |
| GBPSGD | British Pound vs Singapore Dollar | 0.00078 |
| NZDSGD | New Zealand Dollar vs Singapore Dollar | 0.00055 |
| CADSGD | Canadian Dollar vs Singapore Dollar | 0.00071 |
| CHFSGD | Swiss Franc vs Singapore Dollar | 0.00081 |
Overnight (Swap) Fees
Swap rates apply when positions are held overnight. Rates differ based on direction (long or short) and the instrument. These are based on central bank interest rate differentials.
Swap-free (Islamic) accounts are available, but only for Forex Majors and Minors. Weekly fees apply to Exotic Forex pairs held beyond seven days.
Swap Fees on SGD Currency Pairs:
| Instrument | Contract Size | Swap Long | Swap Short |
| USDSGD | 100,000 USD | -7.1 | -7.1 |
| SGDJPY | 100,000 SGD | -6.8 | -12.37 |
| EURSGD | 100,000 EUR | -6.1 | -5.73 |
| GBPSGD | 100,000 GBP | -2.8 | -13.68 |
| NZDSGD | 100,000 NZD | -0.9 | -4.8 |
| CADSGD | 100,000 CAD | -13.4 | -54.2 |
| CHFSGD | 100,000 CHF | -11.5 | 0 |
Deposit and Withdrawal Fees
Deposits are free of charge for Singapore-based accounts. Withdrawal fees, however, depend on the payment method chosen.
| Payment Method | Withdrawal Fee |
| Neteller | 2% (min $1, max $30) |
| Visa Option 1 | 1 EUR |
| Visa/MasterCard/Maestro Option 3 | 2 EUR |
| Visa/MasterCard Option 4 | 0.90 EUR |
| Skrill | 1% – 2% + €0.29 |
What are the spreads for trading USD/SGD with FBS for Singaporean traders?
The spread for trading USD/SGD with FBS is as low as 0.4 pips for Singaporean traders.
Are there currency conversion fees for Singaporean traders with FBS?
Yes, Singaporean traders may incur currency conversion fees when depositing or withdrawing SGD from an FBS account denominated in USD or EUR.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
FBS Payment Methods Available in Singapore (Deposits and Withdrawals)
FBS has a unique advantage over other brokers. Instead of offering a single set of standard payment methods for deposits and withdrawals, FBS offers global and regional options to all regions where the broker operates.
Funding and withdrawing through FBS in Singapore can be done using credit/debit cards and e-wallets.
Deposits
How to Deposit with FBS from Singapore
All deposit routes follow the same general steps. You can use either the web-based Trader Area or the FBS mobile app.
- Log in to your FBS Trader Area or open the mobile app.
- Go to Finances, then tap or click Deposit.
- Choose the method you’d like to use: Visa, MasterCard, Skrill, NETELLER, or Sticpay.
- Select the trading account you want to fund.
- Enter the amount to deposit and confirm the currency.
- You’ll be redirected to your payment provider to approve the transaction.
- Cards: You’ll go through 3D Secure.
- Wallets: You’ll log in and confirm the transfer.
- Once approved, funds usually appear in your account within seconds.
Withdrawals
How to Withdraw Funds from FBS in Singapore
Withdrawals work in reverse. FBS always sends funds back to the same method used for deposits.
- Sign in to your Trader Area or use the FBS app.
- Go to Finances, then select Withdrawal.
- Choose the same payment method used for your last deposit.
- Enter the amount you want to withdraw.
- Submit your withdrawal request.
- Upload verification documents if prompted:
- Card withdrawals require partial card images.
- Wallets will require your wallet ID or email address.
- Track your request under Transaction History or Withdrawal History.
FBS Deposit Currencies, Deposit and Withdrawal Processing Times
| 📌Payment Method | 💵Deposit Currencies | ⌛Deposit Processing | 📆 Withdrawal Processing |
| 💳Credit/Debit Card | EUR, USD | Instant | 15 min – 7 days |
| 🌟 Skrill | USD | Instant | 15 min – 48 hours |
| ✴️Neteller | USD | Instant | 5 min – 48 hours |
| 🎈Sticpay | USD | Instant | 15 min – 48 hours |
| 🎉Perfect Money | N/A | USD | 15 min – 48 hours |
Can Singaporean traders deposit and withdraw in SGD with FBS?
No, FBS does not support SGD as a deposit or withdrawal currency
Is there a minimum deposit amount for Singaporean traders with FBS?
Yes, FBS requires a minimum deposit of 7 SGD ($5) from Singaporean traders.
Does FBS Offer Trading Education and Analysis?
Yes, FBS provides Singaporean traders with a set of education and analysis resources. These tools can help you learn trading fundamentals and refine your skills to make better decisions in the market.
| Tool | Withdrawal Fee | Purpose for Traders |
| Glossary | An alphabetically organised list of hundreds of financial and trading terms, from basic concepts such as “margin account” to specific terms like “XAUUSD”. | Helps Singapore traders understand terminology to avoid confusion when studying market reports or platform guides. |
| Trader Blog | Regularly updated articles covering strategies, psychology, risk management, and trader stories. Topics include candlestick patterns, trading tips, and global economy insights. | Provides Singapore traders practical knowledge and market context to learn from both global and regional trading examples. |
| VIP Analytics | A weekday service delivering expert market reports by email. Includes key events, technical reviews, sentiment breakdowns, and calendar highlights. | Gives Singapore traders daily expert input to prepare for sessions that overlap with Asian and London markets. |
| Trading Calculators | Includes profit calculator, margin calculator, and currency converter. Each provides clear estimates based on your input values. | Lets Singapore traders plan positions in SGD or other base currencies to improve trade preparation. |
| Economic Calendar | Automatically updated calendar of global economic events with previous, forecast, and actual values. Filterable by currency and impact level. | Assists Singapore traders in tracking MAS statements, US data releases, and other events that influence Forex and equities traded locally. |
| FBS Academy | Structured resources with content tailored to beginners and advanced traders. Includes tutorials and how-to guides for building trading skills. | Offers Singapore traders step-by-step learning. |
| Market Analytics | Analysis of currencies, stocks, metals, and energies. Includes chart-based insights and key technical levels. | Equips Singapore traders with expert commentary for day-to-day trading decisions. |
| Top Trades of the Hour | A leaderboard display of top FBS traders and their recent profitable trades, updated every hour. Data is anonymised but authentic. | Allows Singapore traders to observe what assets are trending among high performers and spot potential opportunities. |
| Trade Ideas | Frequent updates highlighting chart patterns, breakout levels, and critical zones across Forex, indices, and commodities. | Gives Singapore traders ready-made setups to consider when planning entries and exits. |
| Market Insights | Timely commentary on market themes across currencies, stocks, crypto, and metals. | Helps Singapore traders follow shifts in global markets that connect to the Asia-Pacific session. |
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
How FBS Promotions Work and Who Can Claim Them
The 100% deposit bonus from FBS is available to clients in Singapore who open a live account and deposit funds. The offer can increase your available balance by providing extra credit applied automatically once you complete the registration and deposit process..
The key attraction is the 100% first deposit bonus, followed by ongoing top-up rewards on later deposits. This creates an extended incentive for Singaporeans who fund their accounts regularly.
What can you earn?
FBS promotions are structured in tiers so that the bonus grows with your deposits.
| Deposit | Bonus rate | Example trading funds |
| First deposit | 100% | $750 deposit + $750 bonus = $1,500 total |
| Further deposits above $100 | Up to 60% | $500 deposit + $300 bonus = $800 total |
| Total bonus limit | $25,000 | Can be reached across multiple accounts |
How to register
Claiming an FBS promotion requires a verified live account. The process is designed to be completed quickly, whether you prefer the app or the desktop:
- Register with FBS and complete verification through the secure platform.
- Deposit the amount of your choice and confirm the transaction.
- Receive the 100% bonus on your first deposit instantly.
- Continue to receive up to 60% on future deposits over $100 until you reach the $25,000 limit.
Benefits of the bonus
- Doubles your initial trading capital, increasing available margin.
- Extends your trading activity without requiring larger out-of-pocket deposits.
- Provides a rolling incentive through repeat deposit rewards.
- Available through a wide choice of global and local payment methods.
- Allows you to target higher-value trades while controlling starting costs.
What You Get from FBS Partnership
FBS provides several partnership options that allow you to earn by introducing traders and building a community. In Singapore, the programmes offer competitive payouts, transparent conditions, and support tools that help you grow a partner business with confidence.
FBS CPA Affiliate
With the CPA programme, you receive a fixed payout for every new client who registers and makes a first deposit through your referral. The process is quick to set up and can be perfect for affiliates who prefer clear targets and one-off commissions.
Key points include:
- Access to customised banners, widgets, and tracking links.
- Tailored offers that align with your audience.
- Daily payouts via multiple global and local withdrawal methods.
- Commissions of up to $1,500 per first deposit.
- Fast approval process for new affiliates.
- Dedicated account manager for guidance and support.
- Personalised partnership conditions based on performance.
Multi-Level Partnership
The Multi-Level option allows you to grow beyond direct referrals by attracting sub-partners. You earn not only from your own clients’ trades but also from those referred by your sub-partners.
Additional benefits include:
- Free promotional and educational materials to support expansion.
- Exclusive support, including a personal partner manager.
- 20% commission from every trade placed by your sub-partners’ clients.
- Unlimited network growth potential.
FBS Introducing Broker (IB) Programme
The IB programme focuses on earning a share of spreads from the trades your clients place. The more they trade, the more you receive.
Your grade determines the percentage you collect, ranging from 30% to 43%. Payments are made daily, and you can also use rebates to motivate clients and increase retention.
Joining is a three-step process:
- Open a Partner account on the FBS website.
- Invite clients through referral links or your Partner ID.
- Motivate clients to trade with FBS and receive daily commissions.
Potential Earnings by Grade
| Grade | Spread Share | Example: EURUSD per lot (USD) | Example: GBPUSD per lot (USD) | Example: XAUUSD per lot (USD) |
| 1 | 30% | 3.48 | 4.64 | Variable |
| 2 | 34% | 3.82 | 5.11 | Variable |
| 3 | 36% | 4.17 | 5.57 | Variable |
| 4 | 38% | 4.40 | 5.88 | Variable |
| 5 | 41% | 4.75 | 6.34 | Variable |
| 6 | 43% | 4.98 | 6.65 | Variable |
How does FBS calculate the partner commission for Singaporean traders?
Singaporean traders in the FBS affiliate program earn a partner commission based on their clients’ trading volume and spread.
Are there any special promotions or bonuses for Singaporean affiliates with FBS?
Yes, FBS has a revenue-share program, commissions, and a cashback refund program.
How To Register an Affiliate Account Step-by-Step
To register an Affiliate Account, Singaporean traders can follow these steps:
Step 1: Go to the official website, click on “Company” And select “FBS IB Program”
Step 2: Click on the “Open a Partner Account” banner
Step 3: Complete the online registration form
Step 4: Wait for a confirmation email from FBS
After your account has been validated and activated, you will have access to various promotional materials provided by FBS. These materials, which may include website banners, social media content, and other marketing tools, are intended to help you attract new clients.
- Using the FBS Affiliate dashboard, create your unique referral link. This is the link you will use to refer new clients to FBS.
- Share your referral link on multiple platforms, including your blog, website, and social media. The idea is to get potential traders to sign up with FBS using your link.
- You will earn commissions as you successfully refer new clients who begin trading. The FBS Affiliate Program’s commission structure allows you to earn up to 43% of the spread from the trading actions of clients you introduced.
What are the requirements for Singaporean traders to become an FBS affiliate?
Singaporean traders must complete the registration process and agree to the terms and conditions to become an FBS affiliate.
Is there any cost in opening an affiliate account with FBS for Singaporean traders?
No, there is no charge for Singaporean traders to register an affiliate account with FBS.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
What Support Channels Does FBS Offer?
| 🫴🏻 Customer Support | 👥FBS Customer Support |
| ⏰Operating Hours | 24/7 coverage across all support channels. |
| 👤Support Languages | English is primary. Other languages available via global support (Mandarin, Malay, and more depending on the channel). |
| 🗣️Live Chat | Yes, directly on the FBS website and from the FBS app. |
| 💻Email Address | [email protected] for general enquiries, [email protected] for affiliate matters |
| ☎️Telephonic Support | Yes. International line: +357 25 313540. |
| 4️⃣The overall quality of FBS Support | Reliable, fast responses with multiple touchpoints available to Singapore clients. |
How Has FBS Been Recognised Globally?
Yes, FBS has been recognised globally, including across Asia and Singapore. Recognition has come through industry awards that highlight client service, trading conditions, mobile platforms, and education.
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Client-Centric Broker, Asia | Global Brands Magazine |
| 2025 | Best Forex Broker Asia | World Business Outlook |
| 2025 | Best Forex Customer Service Broker Asia | World Business Outlook |
| 2025 | Best Mobile Trading App Asia | UF Awards Global |
| 2025 | Best IB Programme Asia | UF Awards Global |
| 2025 | Best Trading Conditions | Trust Finance |
| 2025 | Best Mobile Trading App Global | UF Awards Global |
| 2025 | Best Value Forex Broker | UF Awards Global |
| 2025 | Best Forex Trading Support | UF Awards Global |
| 2025 | Best Global Affiliate Programmes | UF Awards Global |
FBS Community Support and Initiatives (CSR)
FBS has invested heavily in global social responsibility, with projects across Asia, Africa, and beyond. At the time of writing, there are no CSR initiatives specific to Singapore, though FBS has been active in neighbouring countries such as Malaysia, Indonesia, and the Philippines.
Holiday Camp for Indigenous Families in Malaysia
- Three-day educational camp for Indigenous families in Perak.
- 62 students and 25 parents joined the activities.
- Focus on building motivation and strengthening school engagement.
Ramadan Support for Children in Indonesia
- Donation of $10,000 to Peduli Anak Foundation.
- 250 children received festive clothing and meals.
- Support given throughout Ramadan 2025.
- Improved well-being for children in long-term care.
- Reinforced local community engagement.
Ramadan Support in Malaysia
- Collaboration with the SUKA Society.
- $10,000 directed towards food supplies and gift packs.
- Support for refugee children, foster families, and trafficking survivors.
Children’s Empowerment Programme in Nigeria
- Partnership with SAAES Foundation.
- Distribution of school supplies.
- Clothing essentials for underprivileged pupils.
- Food and drinks provided to create a celebratory atmosphere.
Education and Community Partnerships Across Asia
- Partnerships with MyCare, Dignity for Children, and SUKA Society in Malaysia.
- Collaboration with Akbayanihan Foundation in the Philippines.
- Long-term support for Peduli Anak Foundation in Indonesia.
- Support for Save the Children Thailand.
- Ongoing commitment to community-based education and welfare.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Final Thoughts: Should You Trade with FBS in Singapore?
Yes, if you want high leverage, commission-free trading, and flexible funding methods. FBS gives Singapore-based traders access to MetaTrader, access to several global markets, and both Standard and Cent accounts with competitive spreads.
FBS isn’t MAS-regulated, doesn’t offer SGD accounts, and charges for most withdrawals. Support is 24/7, but only through global contact points, without a local phone line or office in Singapore.
The bonus scheme adds extra capital on deposits, though it’s capped and has strict terms. The platform variety is decent, and VPS access suits automated trading. Islamic options are available, but swaps on exotics still incur fixed fees.
Overall, FBS offers flexibility and reach but trades regulation and local customisation for scale. FBS is a suitable broker for Singaporeans who know what they’re doing and don’t mind the trade-offs.
Advantages And Disadvantages Of FBS In Singapore
| 🟢 Pros | 🔴 Cons |
| Includes SGD currency pairs like USD/SGD and EUR/SGD | Withdrawal fees apply depending on method used |
| No deposit fees across all supported payment methods | No physical office or local phone support in Singapore |
| Access to high leverage up to 1:3000 for eligible clients | Not regulated by the Monetary Authority of Singapore (MAS) |
| Offers both Standard and Cent account options tailored for different experience levels | No Singapore Dollar (SGD) account or SGD deposit option |
FBS Review Detailed Summary
| 🔑Broker | 🥇FBS |
| 🏠Headquartered | Belize |
| 🌎Global Offices | Malaysia, Laos, Thailand, Dubai, Brazil, Turkey |
| 📈Local Market Regulators in Dubai | Dubai Financial Services Authority (DFSA) |
| ➡️Foreign Direct Investment in Dubai | 23 billion USD (2022) |
| 💱Foreign Exchange Reserves in Dubai | 158 billion USD (July 2023) |
| 📍Local office in Dubai | Yes |
| 👤Governor of SEC in Dubai | Khaled Mohamed Balama is the Governor of the Central Bank of the UAE |
| 🚩Accepts Dubai Traders | Yes |
| 🎉Year Founded | 2009 |
| 🔢Dubai Office Contact Number | None |
| 🖥️Social Media Platforms | Facebook X Telegram YouTube |
| 🚨Regulation | IFSC, CySEC, ASIC, FSCA |
| 🥇Tier-1 Licenses | Australian Securities and Exchange Commission (ASIC) |
| 🥈Tier-2 Licenses | Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA) |
| 🥉Tier-3 Licenses | International Financial Service Commission (IFSC) in Belize |
| 🖋️License Number | Belize – 000102/198 Cyprus (Tradestone) – 331/17 Australia (IFM) – 426359 South Africa (Trade Stone SA) – FSP 50885 |
| 💹DFSA 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 |
| 🔎Non-expiring Demo | None |
| ⏰Demo Duration | 45 days |
| 📉Retail Investor Accounts | 3 |
| 📈PAMM Accounts | None |
| 💧Liquidity Providers | Currenex |
| 👥Affiliate Program | Yes |
| 📝Order Execution | Market |
| 📒OCO Orders | None |
| ▶️One-Click Trading | Yes |
| ✳️Scalping | Yes |
| ✴️Hedging | Yes |
| 🎖️Expert Advisors | Yes |
| 🗞️News Trading | Yes |
| 🔎Trading API | Yes |
| 📈Starting spread | 0.5 pips |
| 💰Minimum Commission per Trade | None; only the spread is charged |
| 💵Decimal Pricing | 5th decimal pricing after the comma |
| 📊Margin Call | 30% |
| ⛔Stop-Out | 10% |
| ⬇️Minimum Trade Size | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots |
| 🪙Crypto trading offered | Yes |
| 📉Offers an AED Account | None |
| 👤Dedicated Dubai Account Manager | None |
| 📌Maximum Leverage | 1:3000 |
| 🚩Leverage Restrictions for Dubai | None |
| 💶Minimum Deposit (AED) | 18 AED ($5) |
| 💷Deposit Currencies | All deposits will be converted to USD or EUR |
| 💳AED Deposits Allowed | Yes |
| 💴Account Base Currency | USD, EUR |
| 📊Active Dubai Trader Stats | 49,000+ |
| 📍Active Dubai-based FBS customers | Unknown |
| 🔃Dubai Daily Forex Turnover | 13.1 billion USD |
| 🖇️Deposit and Withdrawal Options | Credit/Debit Card Cryptocurrencies Perfect Money Sticpay Skrill Apple Pay (Withdrawal Only) Google Pay (Withdrawal Only) Neteller (Withdrawal Only) |
| ⏰Minimum Withdrawal Time | 15 – 20 Minutes |
| ⏱️Maximum Estimated Withdrawal Time | 5 – 7 Days |
| ➡️Instant Deposits and Instant Withdrawals | Yes, Deposits |
| 🏦Segregated Accounts with Emirati Banks | None |
| 📈Trading Platforms | FBS Trader MetaTrader 4 MetaTrader 5 |
| ⌚Trading Platform Time | UTC +3 |
| 👁️Observe DST Change | Yes |
| 🌎DST Change Time zone | Eastern European Time (EET) |
| 💎Tradable Assets | Forex Precious Metals Indices Energies Stocks Exotic Forex Cryptocurrencies |
| 💵Offers USD/AED currency pair | None |
| ⏲️USD/AED Average Spread | None |
| 📉Offers Emirati Stocks and CFDs | None |
| 🔊Languages supported on the Website | English, German, Spanish, French, Italian, Portuguese, Emirati, Malay, Vietnamese, Turkish, Korean, and others |
| 👥Customer Support Languages | Multilingual |
| 🤝Copy Trading Support | None, discontinued on 22 September |
| ⏰Customer Service Hours | 24/7 |
| 📍Dubai-based customer support | None |
| 💰Bonuses and Promotions for Dubai Traders | Yes |
| 🎓Education for Emirati beginners | Yes |
| 💻Proprietary trading software | Yes |
| 🥇Most Successful Trader in Dubai | Several – Yasser R, Ali A, Maaz A, Warren Takunda |
| 🥇Is FBS a safe broker for Dubai Traders | Yes |
| 🏅Rating for FBS Dubai | 9/10 |
| 💯Trust score for FBS Dubai | 75% |
| 📝Sign up | Open Account |
Reference List for This FBS Broker Review
- FBS Website (www.fbs.com)
- Monetary Authority of Singapore (MAS)
- International Financial Services Commission (IFSC) – Belize
- FBS VPS
- FBS Academy
Frequently Asked Questions
Is FBS available in Singapore?
Yes, FBS is available in Singapore, and Singaporeans can open an account with them.
Is FBS legal in Singapore? Is it safe?
Yes, FBS is both dependable and legal. The company has all essential financial licences and is regulated by CySEC, FSCA, ASIC, and IFSC.
Does FBS offer a VPS service for Singaporean traders?
Yes, FBS offers a VPS service, which might be useful for Singaporean traders looking for a stable trading environment.
How long does it take to withdraw from FBS?
Withdrawals from FBS might take 5 minutes to several days, depending on the method used.
Does FBS have Nasdaq 100?
Yes, FBS provides Nasdaq as a CFD on indices under “US100” to Singaporean traders.
Is FBS regulated by the Monetary Authority of Singapore (MAS)?
No, the MAS does not regulate FBS in Singapore.
Is FBS regulated?
Yes, the IFSC in Belize, ASIC in Australia, FSCA in Singapore, and CySEC in Cyprus regulate FBS.
How can I become an FBS affiliate in Singapore?
To become an FBS affiliate in Singapore, go to their website’s FBS Partnership page, complete the registration process, and begin marketing FBS.
What is the average response time for FBS customer support in Singapore?
FBS attempts to reply to customer inquiries in Singapore within a few minutes via live chat and within one working day via email within a few minutes.
What are the advantages of trading with FBS in Singapore?
FBS provides diverse trading products, a cheap minimum deposit, and a high level of investor protection, making it an appealing alternative for Singapore traders.
Is FBS Safe or a Scam?
FBS is a safe and well-regulated broker for Singaporean traders regardless of the broker not being regulated in Singapore by the MAS.
What payment methods can I use to add funds to my FBS account in Singapore?
FBS provides various funding options, including electronic payment systems, credit and debit cards, and bank wire transfers. FBS does not charge any deposit fees or charges for deposits into trading accounts.
Does FBS have VIX 75?
No, FBS does not have VIX 75.
How do I open a demo account with FBS in Singapore?
To open an FBS demo account in Singapore, go to the FBS website, sign up, and choose the demo account option.
