FBS is a broker operating in over 150 countries. FBS values the diversity of its clients and provides services accordingly. It is a reliable and honest broker offering an excellent all-round offering to Filipino traders.
- Louis Schoeman
Updated : May 22, 2025
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Overall Rating
- 4.9/5
Min Deposit
USD 5/ 292,18 PHP
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
We were truly impressed when we researched FBS as an online broker for the Philippine market. Since its inception in 2009, the broker has received over 70 international awards.
These awards demonstrate the outstanding service provided by FBS and enhance its reputation among traders. Headquarters are in Belize and FBS is registered and regulated through the Financial Services Commission in Belize, among others.
It has also experienced remarkable growth and, currently, is represented in 150 countries, with 23,000,000 traders and 410,000 partners that have chosen FBS as their preferred forex broker.
FBS offers itself as an appealing broker for Filipino traders by aligning global trading standards with local market characteristics.
It recognizes the Philippines’ diversified economy and broad investor base, providing a single retail account that compromises competitiveness and accessibility.
Our research indicated that FBS offers competitive trading conditions and dedicated localized support. FBS charges floating spreads starting from as low as 0.7 pips and enables commission-free trading, attracting both beginner and advanced traders.
With its consistent recognition on international platforms and commitment to offering secure and dependable trading services, FBS emerges as a top choice for those seeking to navigate the complexities of Forex trading in the Philippines.
The broker’s extensive asset offerings, including Forex and cryptocurrencies, allow Filipinos to diversify their portfolios across various products.
In addition, the convenience of withdrawing funds, with options such as local exchangers and a variety of payment systems, showcases FBS’s ability to cater to the demands of the local market.
Furthermore, the accessibility of opening trades with a low deposit requirement attracts traders from all levels and skills, making FBS a standout broker for anyone wishing to connect with global markets from the Philippines.
What type of broker is FBS?
FBS is an A-Book brokerage company offering STP accounts. STP, or straight-through processing, means that FBS directly directs clients’ trade orders to liquidity providers.
Is FBS good for novice traders in the Philippines?
Overall, the combination of high liquidity, relatively low volatility, and tight spreads make the listed pairs beneficial for beginner traders.
At a Glance
| 🔢 Established Year | 2009 |
| ⌛Regulation and Licenses | IFSC, CySEC, ASIC, FSCA |
| 4️⃣Ease of Use Rating | 4/5 |
| 🎁Bonuses | None |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 🗂️Account Types | Retail, Demo, Islamic |
| 💵Base Currencies | USD, EUR |
| ✏️Spreads | 0.7 pips |
| ⬆️Leverage | 1:3000 |
| 💶Currency Pairs | 71 |
| 💴Minimum Deposit | 290 PHP ($5) |
| 💷Inactivity Fee | None |
| 🗣️Website Languages | English, Spanish, Portuguese, Bahasa Indonesia, Bahasa Melahu, and Thai |
| 💵Fees and Commissions | Spreads from 0.7 pips, commission-free |
| 🤝Affiliate Program | Yes |
| ❌Banned Countries | The United States, the EU, the United Kingdom, Myanmar, Israel, the Islamic Republic of Iran |
| ✴️Scalping | Yes |
| ✳️Hedging | Yes |
| 🛢️Trading Instruments | Forex, Precious Metals, Indices, Energies, Stocks |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in The Philippines
FBS is not regulated by Bangko Sentral NG Pilipinas (BSP). However, FBS’s global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Company Reg. | ⌛Regulatory Entity | 📊Tier | ✏️License Number/Ref |
| 🥇FBS Markets, Inc. | Belize | N/A | 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 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes |
| 👤Compensation Fund Member | ✅ Yes |
| 💵Compensation Amount | 20,000 EUR or 90% of the claim |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ❌Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ⛔Negative Balance Protection | ✅ Yes |
| 🛑 Guaranteed Stop-Loss Orders | None |
Is FBS a safe broker to trade with for Filipino traders?
Yes, FBS is regulated by Top-tier regulators like IFSC, FSCA, ASIC & CySEC, which makes them a low-risk broker for traders in the Philippines.
What steps does FBS take to protect client funds?
FBS protects client cash with segregated accounts, membership in a compensation fund, SSL certificates, and negative balance protection.
Awards and Recognition
Since its inception in 2009, we found that FBS has won numerous awards. Here are the most recent awards:
✅2024 – Most Trusted Forex Broker by FXDailyInfo Forex Brokers.
✅2024 – Best Forex Trading Support by FXDailyInfo Forex Brokers.
✅2023 – Best Forex Broker in Africa by the World Business Outlook.
✅2023 – Best Forex Broker South Africa by Traders Fair & Awards.
✅2023 – Top Trading Account for Beginners by FxScouts.
✅2023 – Best Financial Broker of 2022-2023 at the Investment Summit in Upper Egypt.
✅2023 – Most Reliable Forex Broker by the International Finance Expo.
✅2023 – Best IB Program Globally by World Business Outlook.
Account Types
| 🔍Account Type | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇Retail Account | 290 PHP ($5) | 👉 Click Here | 1:3000 | MetaTrader 4, MetaTrader 5 |
Retail Account
The Retail account is a good choice for Filipino traders, especially beginner traders. It only requires a minimum deposit of 290 PHP ($5), which is very low and affordable.
Spreads are floating and begin at 0.7 pips. The leverage offered is rather high at 1:3000, which can pose a risk of losing high amounts of money. Furthermore, fees are low with no commission charges and the account can be opened on the MT4 or MT5 platforms.
The account type also gives Filipino traders enough room to diversify their trading tactics with up to 500 open positions, including 200 pending orders.
Demo Account
It is always to traders of all level’s advantage if a broker offers a demo account, which is also the case with FBS. Traders can use the demo account for 45 to 90 days, which is ample time to become acquainted with the market conditions and the platform.
The demo account is also versatile with FBS, as the virtual balance can be changed to reflect your actual investment amount. This is quite a useful feature.
With the demo account, traders can access all the financial assets on both platforms. They can practice risk-free in a realistic trading environment and in real-time.
Islamic Account
The retail account can also be registered as a Swap-free Islamic account, a customized account that caters to the specific needs of Muslim traders in the Philippines. It ensures compliance with the Sharia law.
This account is swap-free, which means there are no overnight interest costs, which is essential for following Islamic finance standards. With this account, Filipino traders can access all the trading instruments on the MT4 and MT5 platforms.
Can the Philippines currency, peso (PHP), be used as base currency?
No, USD and EUR are the only base currencies accepted.
Can Filipinos change the leverage on their account?
Yes, you can change your leverage on your account by logging into your Personal Area account settings page.
How to Open an Account Step-by-Step
It was really quick and easy to register for an account with FBS. Here’s how to register an account with FBS:
Step 1: Go to the official website and click on “Open Account”
Step 2: Complete the online registration form
Step 4: FBS will send you a verification code
You also need to provide the relevant documents verifying the information you entered to register for your account. This is done by providing a copy of your government-issued ID or passport and a bank statement or utility bill to verify your residential address.
FBS will verify the documents you have sent and, when satisfied, email you a notification with your credentials to log into FBS.
How can I ensure my account with FBS is secure?
FBS maintains customer funds separate from the company’s operational funds in segregated accounts.
Can Filipino traders use their social media profiles to register with FBS?
Yes, Filipino traders can use their Google or Facebook credentials to register an account with FBS.
Overall Rating
- 4.9/5
Min Deposit
USD 5/ 292,18 PHP
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
FBS offers Filipino traders the following Trading Platforms:
➡️MetaTrader 4
➡️MetaTrader 5
MetaTrader 4
FBS offers MetaTrader 4 for Windows, Mac, Android, and iOS mobile platforms. According to our assessment, MT4 provides a trading experience at your fingertips, allowing you to progress as a trader anywhere and at any time.
Filipino traders can profit from up-to-date tools that help them trade efficiently. You can plan your strategies with the help of numerous analytical patterns.
The platform offers the flexibility to customize the trading interface to suit individual strategies and preferences. We believe it can help Filipino traders with particular trading styles impacted by the state of the local market.
One of the major benefits of MT4 is direct market execution, and this feature guarantees that trades are executed at the fastest speeds, which is essential with forex trading, where market conditions fluctuate.
The strong analytical capabilities in MT4, along with competitive spreads and quick execution times from FBS, allow for a strong platform for trend analysis and trading. MT4 is a platform that all Filipino traders will benefit from.
MetaTrader 5
MetaTrader 5 has its predecessor’s best practice at hand, but it comes with more versatile software. It offers a wider choice of analytical tools, the possibility to trade stocks and commodities apart from currencies, and additional timeframes.
We found that just as with MetaTrader 4, MetaTrader 5 will meet the requirements of Filipino traders. MT5 offers a huge benefit as it allows traders in the Philippines to trade forex, equities, and commodities all from a single platform.
With the numerous financial instruments offered by FBS, this integration makes it simpler for traders to diversify their investment portfolios on one platform.
Traders in the Philippines who must carry out intricate analyses to successfully negotiate unpredictable markets will find these tools especially helpful.
We also found that MT5 supports trading robots and utility programs, which provide an automated trading experience.
This degree of automation, made possible by the ability to create and customize these robots inside MT5, enables traders in the Philippines to manage their trading operations better.
Can I trade in MetaTrader 5 without a broker?
No, you cannot trade in MetaTrader 5 without a broker. MT5 is a trading platform that provides the necessary tools for making trades. You will need to open an account with a broker, like FBS.
Does MetaTrader 4 and MetaTrader 5 cost money?
No, the MetaTrader platforms are free to download and use. There are no fees or charges for using the trading platform.
Range of Markets
FBS has a concentrated range of markets that ensures Filipinos have sufficient liquidity. Furthermore, FBS ensures that there are competitive trading conditions across instruments. Here are the markets you can trade when you sign up with FBS:
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Forex | 71 | 1:3000 |
| ➡️Metals | 8 | 1:333 |
| ➡️Indices | 11 | 1:33 |
| ➡️Energies | 3 | 1:100 |
| ➡️Stocks | 475 | 1:5 |
FBS vs BDSwiss vs Pepperstone – Broker Comparison
| 🔍Broker | 🥇FBS | 🥈BDSwiss | 🥉Pepperstone |
| ⌛Regulation | IFSC, CySEC, ASIC, FSCA | CySEC, FSC, FSA,FSCA, MISA | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 📊Trading Platform | FBS Trader MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web | Pepperstone TradingView MetaTrader 4 MetaTrader 5 cTrader Capitalise.ai |
| 💵Withdrawal Fee | ✅ Yes | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 290.($5) | 579 PHP ($10) | 7,740 PHP (AU$200) |
| ⬆️Leverage | Up to 1:3000 | Up to 1:1000 | 1:500 (Pro) 1:400 (Retail) 1:20 – 1:200 (Others) |
| ✏️Spread | From 0.7 pips | From 0.0 pips | From 0.0 pips |
| 💵Commissions | $0 | From $2 | From AU$7 |
| 🛑 Margin Call/Stop-Out | 30%/ 10% | 50%/20% | 90%/20% |
| 🧑⚖️Order Execution | Market | Instant/Market | Market |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | ✅ Yes | ✅ Yes | None |
| 🗂️Account Types | Retail Account | Cent Account Classic Account VIP Account Zero Spread Account | Standard Account Razor Account |
| ✴️BSP Regulation | None | None | None |
| 💷PHP Deposits | ✅ Yes | ✅ Yes | None |
| 👉PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/7 |
| 🫴🏻 Retail Investor Accounts | 1 | 4 | 2 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 500 lots | 50 lots | 100 lots |
| ⏱️Minimum Withdrawal Time | 15 minutes | Instant | 1 business day |
| 🕰️Maximum Estimated Withdrawal Time | Up to 7 days | Within 24 hours | Up to 7 business days |
| ✔️Instant Deposits and Instant Withdrawals? | Deposits | ✅ Yes | None |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
10 Best Forex Brokers in the Philippines
Rank
Broker
Review
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Min Deposit
Official Site
Fees, Spreads and Commissions
Fees
The fee structure is straightforward since FBS has a single standard retail account. It offers transparent fees and competitive trading conditions, making it relatively easy for Filipinos to calculate their trading costs.
Spreads
With FBS spreads are fixed and start at 0.7 pips. FBS offers clear and transparent information regarding all market spreads. This allows traders to trade efficiently while at the same time reducing the impact on their potential profits.
Commissions
For Filipino traders who would rather not worry about hidden fees that could be a potential surprise at the end of the day, it is encouraging to know that we found FBS has done away with any commission fees.
Any possible broker fees are probably incorporated into the spread. This is a huge benefit to Filipino traders since the need to tally up different percentages for each trade, and this cost structure saves Filipino traders money.
Overnight Fees
Overnight fee charges are also readily available on FBS’s website so traders can easily grasp the expenses when holding overnight positions.
Forex traders leaving a trade open overnight might incur overnight costs or swap fees. This is because the interest rates of the currencies you’re trading with differ from one another.
Normal traders will have to pay these overnight fees. However, FBS provides swap-free accounts to accommodate customers who follow the Muslim faith and these clients that have a Swap-free Islamic account will not be charged overnight fees.
Deposit and Withdrawal Fees
FBS does not charge deposit fees for any of its payment options. However, Filipino traders are charged a withdrawal fee on all of the payment methods accepted by FBS.
All withdrawals also need verification before it is processed. To withdraw money using a debit or credit card will cost you the following fees:
✅Credit/Debit Card – up to 2 EUR
✅PayMaya – 1.5%
✅Skrill – up to 2% + 0.29 EUR
✅Neteller – 2%
✅Perfect Money – 0.5%
Inactivity Fees
Our research into inactivity fees with FBS indicated that there are no penalties. Filipinos who hold accounts with FBS can let them lie dormant for many months without incurring any fees.
Currency Conversion Fees
FBS only accepts USD and EUR as base currency, which means Filipino traders who fund their accounts with peso (PHP) will pay currency conversion fees.
The payment processor or financial institution that processes the transaction usually includes this cost in their currency rate. Traders should consider these possible fees as they could drain their funds.
Can Filipino traders transfer funds between their accounts?
Yes, you can transfer money from one of your accounts to another in your Personal Area. Simply click “Finances” at the top of the page and choose “Internal transfer.” You then choose “From account” and “To account” and conclude by clicking on the “Transfer” button.
How many accounts can Filipino traders open?
You can open up to 20 trading accounts within one Personal area on two conditions: your Personal Area is verified, and the total deposit to all your accounts is $100 or more.
Overall Rating
- 4.9/5
Min Deposit
USD 5/ 292,18 PHP
Regulators
IFSC, CySEC, ASIC, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
550+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳Payment Method | 🌎Country | 💵Currencies Accepted | ⏱️Processing Time |
| ➡️GCash | Philippines | PHP | Instant – 72 hours |
| ➡️Credit/Debit Card | All | EUR, USD | Instant – 7 days |
| ➡️BPI | Philippines | PHP | Instant – 48 hours |
| ➡️Banco de Oro | Philippines | PHP | 21 hours – 48 hours |
| ➡️Unionbank | Philippines | PHP | Instant – 48 hours |
| ➡️RCBC | Philippines | PHP | Instant – 48 hours |
| ➡️PayMaya | Philippines | PHP | Instant – 72 hours |
| ➡️Metrobank | Philippines | PHP | Instant – 48 hours |
| ➡️GrabPay | Philippines | PHP | Instant – 72 hours |
| ➡️Chinabank | Philippines | PHP | 22 hours – 48 hours |
| ➡️PNB | Philippines | PHP | 18 hours – 48 hours |
| ➡️Security Bank Cash Payment | Philippines | PHP | 17 hours |
| ➡️Skrill | All | EUR, USD | 15 minutes – 48 hours |
| ➡️Neteller | All | EUR, USD | 5 minutes – 48 hours |
| ➡️BPI Family Bank | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Bank of Commerce Online Banking | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Chinabank Savings | Philippines | PHP | 15 minutes – 48 hours |
| ➡️EastWest Online/ Cash Payment | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Landbank | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Maybank Online Banking | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Perfect Money | All | USD | 15 minutes – 48 hours |
| ➡️Robinsons Bank Online Bills Payment | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Security Bank Cash Payment | Philippines | PHP | 15 minutes – 48 hours |
| ➡️Sticpay | All | USD | 15 minutes – 48 hours |
| ➡️UCPB Connect/Mobile | Philippines | PHP | 15 minutes – 48 hours |
Deposits
Bank Wire
✅Log in to your Personal Area with FBS.
✅Navigate to the ‘Finances’ section and choose ‘Deposit.’
✅Click on ‘Bank Wire’ as your preferred payment method.
✅Fill in the deposit amount and complete the necessary banking details if required.
✅Verify the information and proceed with the transfer from your bank account.
✅Bank wire transfers typically require 5-7 business days for processing.
Credit or Debit Card
✅Log in to your Personal Area with FBS.
✅Navigate to the ‘Finances’ section and choose ‘Deposit’.
✅Click on ‘Credit/Debit Card’ as your deposit method.
✅Fill in the deposit amount and provide your card details.
✅Verify the transaction.
✅Deposits are typically processed instantly, although the timeframe may vary based on your bank and can take up to 7 days to reflect in your account.
e-Wallets or Payment Gateways
✅Log in to your Personal Area with FBS.
✅Navigate to the ‘Finances’ section and choose ‘Deposit’.
✅Choose your preferred e-wallet from the options provided: Skrill, Neteller, Sticpay, or Perfect Money.
✅Fill in the deposit amount and log in to your e-wallet to verify the payment.
✅Deposits are usually instantaneous, although there might be a few hours delay before they appear in your trading account.
Withdrawals
Bank Wire
✅Go to your Personal Area with FBS.
✅Click on the ‘Finances’ banner and choose the ‘Withdrawal’ option.
✅Click on ‘Bank Wire’ as your preferred withdrawal method.
✅Fill in the withdrawal amount and your bank details.
✅Confirm the withdrawal request.
✅Bank wire withdrawals typically require a processing time of 5-7 business days.
Credit or Debit Cards
✅Go to your Personal Area with FBS.
✅Click on the ‘Finances’ banner and choose the ‘Withdrawal’ option.
✅Click on the ‘Credit/Debit Card’ option as your withdrawal method.
✅Fill in the withdrawal amount and your card details.
✅Confirm your withdrawal request.
✅Processing times can range from immediate to a maximum of 7 business days.
e-Wallets or Payment Gateways
✅Once again, this is done in your Personal Area with FBS
✅Click the ‘Finances’ section and choose the ‘Withdrawal’ option.
✅For your withdrawal method, click on the e-wallet you want to use, such as Neteller, Skrill, Perfect Money, or Sticpay.
✅Fill in the amount you want to withdraw and verify the transaction details.
✅Withdrawals are usually processed immediately, within minutes to a few hours, depending on the e-wallet service.
What payment methods can be used to deposit or withdraw funds from my trading account with FBS?
Filipino traders can deposit money via bank wire transfer, debit or credit cards, and e-wallets such as Neteller, Skrill, Perfect Money, or Sticpay.
Can Filipino traders withdraw funds to local banks from their FBS accounts?
Yes, Filipino traders can withdraw funds from their FBS accounts to local banks.
Leverage and Margin
In our investigation into the leverage policies installed by FBS, we found that the flexible approach to leverage with FBS allows the broker to automatically modify the leverage depending on the trader’s account equity.
Filipino traders registered with FBS can access a wide range of leverage choices, from the conservative 1:1 to the aggressive 1:3000.
It was also clear that the minimum capital needed to initiate and sustain a leveraged position, known as the margin requirement, changes according to the selected leverage.
Because of this flexibility, Filipino traders can choose a leverage level that works for their trading strategy and risk tolerance.
FBS’s policy on margin calls has included risk management features such as a 40% margin call and a 20% stop-out threshold to protect traders from situations where their account balance goes negative.
This is an essential feature for preserving the stability of your account, particularly when trading with high leverage. In the Personal Area of traders, they can see their equity and margin levels, which assists them in making educated decisions on their leverage settings.
With FBS, Filipino traders have a safe and adaptable platform that allows them to engage in leveraged trading with FBS’s margin and leverage options.
What is Forex trading?
Forex, also known as the foreign exchange market, is the world’s most traded market, with a $5.1 trillion daily turnover. Forex trading is the process of converting one country’s currency into another country’s currency, aiming to profit from the changes in its value.
Are forex currency pairs available for trading with FBS in the Philippines?
Yes, Filipino traders can trade in major, minor, and exotic currency pairs with FBS.
Educational Resources
Although FBS might have a basic offering they offer enough for traders in the line of educational and research tools. Filipinos can expect some of the following when they sign up with FBS.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | None |
| ➡️Trading View | None |
| ➡️Trading Central | None |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | None |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ Yes |
In addition to the tools mentioned above, Filipino traders can also expect the following:
✅Currency Converter – For quick and precise conversions between other currencies.
✅Glossary – Definitions and explanations of a wide variety of trading words are available in the FBS glossary.
✅FAQ – The FBS website has a detailed FAQ section that answers frequently asked questions.
✅Forex Calculators – Margin, pip, and profit calculators are all part of FBS’s Forex calculator suite.
✅Forex Guidebook – This book is an all-inclusive training resource that covers a broad range of trading subjects.
✅Market Analytics – This gives traders in the Philippines a glimpse into the state of the market and the opportunities it might offer.
Can Filipino traders access any tools in their local language?
No, most of the information is in English, Portuguese, and Spanish.
Does FBS keep its clients updated on daily market reports?
Yes, Filipino traders can use VIP Analytics to get essential news, trade ideas, and insights from FBS experts.
Bonuses and Promotion
We could not find any indication on the FBS website that the broker offers active trading bonuses, promotions, or incentives to new or existing clients. The only lucrative program we could find was the Introducing Broker (IB), an affiliate scheme available to Filipinos.
Those traders who become partners in this program can get up to 43% of the spread on trades executed by clients they have referred and who have registered an account with FBS.
Affiliate Programs
Features
Although FBS offers no bonuses or promotions to its clients, it offers an Introducing Broker (IB) Program where Filipino traders can earn a lucrative income by referring new clients to FBS.
We thoroughly researched the program and found that it has many outstanding features and perks.
When clients join this affiliate program as a partner, they can earn a commission of up to 43% of the spread. FBS uses the partner’s last three months’ performance to recalculate this commission rate, which is rated as one of the highest in the industry.
The only requirement is that partners keep on referring clients to join FBS and, in doing so, optimize their earnings through this tiered approach.
Another bonus to the program is that partners can withdraw funds anytime without restrictions, an important benefit for many partners.
In addition, FBS has added a multi-level collaboration structure called “Cascade.” Through this structure, partners can earn an additional 20% commission on top of what they receive through referrals.
Filipino traders can grow a forex business through the affiliation program due to the high commission potential. In addition to the profits, FBS also offers a strong support infrastructure.
FBS offers a range of tools and resources to assist partners. This includes various advertising materials and signals.
Furthermore, we found that the full range of tools and resources offered by FBS is designed to assist partners in operating and growing their business.
Filipino traders will greatly benefit by becoming partners of FBS and expanding their networks in the trading sector through the program.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website, hover over company, and select “FBS IB Program”
Step 2: Click on “Open an Partner Account”
Step 3: Complete the online registration form
You must complete all the mandatory fields, provide your full name, email address, and phone number, and create a strong password. Next, accept the terms and conditions by ticking the box before clicking the “Submit” button.
Step 4: Wait for confirmation from FBS
As soon as the registration process has been approved, you can start with the marketing of FBS’s services You can now access your affiliate dashboard and start marketing FBS’s services.
How much can a Filipino benefit from becoming an affiliate partner with FBS?
You can earn up to 43% of the spread from your clients’ trading. This is one of the highest pay-outs on the market.
What tools does FBS offer its Filipino partners in its affiliate program?
FBS offers website banners, social media materials, offline materials, articles, checklists, and YouTube videos.
Customer Support
| 🫴🏻 Customer Support | 👥FBS Customer Support |
| ⏰Operating Hours | 24/7 |
| ➡️Support Languages | English, Spanish, Portuguese, Bahasa Indonesia, Bahasa Melahu, and Thai |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The 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 do Filipinos email FBS customer service?
The customer service can be reached by sending an email to [email protected].
Can traders make contact with FBS through social media?
Yes, customers can reach FBS through social media platforms such as Facebook, Instagram, YouTube, and Telegram.
Social Responsibility
On researching the website of FBS, we found no indication of any Corporate Social Duty (CSR) or any mention of social initiatives that the broker is involved in.
However, taking a deeper look into FBS and investigating articles published on their website, it was clear they make significant contributions to education and other social initiatives.
FBS is in partnership with Education Africa, contributing to improving facilities at Masibambane College in Orange Farm, Johannesburg.
FBS is dedicated to promoting the ongoing growth and prosperity of the college, and the support marks a significant step forward in enhancing the school’s infrastructure and bringing hope to the Orange Farm community.
In Malaysia, FBS partnered with SUKA Society to support the English Children Camp. This camp for Indigenous children took place at the beginning of March 2025 and was facilitated by the SUKA Society.
This project aimed to boost kids’ English and motivate them to continue the educational journey in the future. The project was also the second charity project with SUKA Society under their ongoing Empowered2Teach initiative.
Further involvement in education took place in Nigeria, where FBS teamed up with the Helpers Social Development Foundation (HSDF) to foster finer learning environments for the children in Ezeagu LGA, Nigeria.
Five classrooms were equipped with whiteboards and received English and mathematics textbooks. The FBS involvement also included school uniforms, bags, and stationery items.
While no CSR programs are promoted on FBS’s website, their actions speak volumes about their dedication to social responsibility, particularly when funding educational development.
User Comments and Reviews
🥇“I have used their service for 4 years, everything is good. Except, recently, some of the promotions has stopped. I hope you will have one in the future.”
🥈“If one reads FBS reviews like I did before I joined this platform, he would notice that many people praise its cost-efficiency. And it is completely true!”
🥉“All tools and conditions provided by FBS is very favorable and functional, I can use them to maximum capacity, which helps me to take advantage of market trends.”
In Conclusion
It is abundantly clear through our comprehensive research and analysis of FBS as forex for traders in the Philippines that it stands out and makes it a good choice for Filipinos seeking to engage in the financial markets.
The broker’s trading conditions are transparent with clear structures for fees charged. It offers competitive fixed spreads at 0.7 pips for the USD/EUR currency pair.
Our Insight
In my opinion, FBS is a good option for Filipino traders. FBS is strictly regulated and provides sufficient customer safety, and its risk management will give Filipino traders peace of mind.
Our Recommendations
✅It would be a huge advantage for Filipino traders if FBS expanded the base currency options and considered creating Peso (PHP) accounts to make local traders’ financial transactions easier and avoid currency conversion costs.
✅FBS should get more involved in the Philippines and not just focus on Africa. Plan seminars and trading events in the Philippines to promote networking and a feeling of community.
✅FBS could bring back the multi-tiered account options to let traders choose an option according to their experience level, risk tolerance, and trading strategies.
✅It would also be to FBS’s advantage to provide Filipino banking services and mobile money platforms as additional local payment options. This will lead to simpler and more affordable deposits and withdrawals.
✅FBS could consider having a dedicated banner on its website where it could publish more information on its CSR initiatives and projects. This way, traders will see that FBS is actively involved in communities across Africa and the regions where it operates.
✅The Copy Trading function should also be reinstated, allowing Filipino traders to replicate the strategies and trades of more professional traders. It might just draw more traders to the platform.
Pros & Cons
| ✅Pros | ❌Cons |
| Several respectable agencies, including the IFSC, CySEC, ASIC, and FSCA, license FBS | USD and EUR are the only base currency – the Filipino PHP cannot be used, which means currency conversion fees apply |
| Trading is offered on the popular MT4 and MT5 platforms on various devices | Offers only one standard retail account |
| FBS charges no inactivity fees for dormant accounts | There is no investor protection available to Non-EU clients |
| FBS spreads start from 0.7 pips and includes all trading costs. | There is not a huge variety of trading instruments on offer |
| There are no commission charges | There are deposit and withdrawal fees charged |
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Frequently Asked Questions
Can Filipinos still withdraw funds if they have open positions?
Yes, you can withdraw the amount within your free margin limits. In other words, you can only withdraw funds not involved in trading, indicated as free margin.
Does FBS offer the opening of a demo account?
Yes. FBS offers demo accounts before traders open real live accounts. This account type allows Filipino traders to practice trading methods in a risk-free simulated environment.
Can I trade with FBS if I’m underage?
No, to trade on the FBS platform, you have to be at least 18 years old. More information on this can be obtained in the Customer Agreement document on the website.
How can I download the MetaTrader platform?
FBS offers the MetaTrader 4 and MetaTrader 5 platforms for Windows and Mac, as well as smartphones or tablets. The download is free, and you can find the appropriate version of the trading terminal on our website.
Is VPS available for all trading platforms?
Yes, FBS’s VPS service works with all of its trading platforms.
Is there a fee charged for using the FBS VPS service?
Yes, starting with the second month, you will be charged a $33 monthly cost unless you achieve specific trading conditions.
