FBS Review 2026: Complaints, Withdrawals, and Risk Signals

Available broker records show that while FBS holds CySEC and ASIC licenses, it currently carries a low WikiFX score of 2.51. This rating drops heavily due to regulatory warnings from Malaysia and Japan, combined with a significant volume of user complaints regarding blocked withdrawals and canceled profits.

In this FBS review, we break down what the available evidence actually indicates for Indian retail traders. While this broker operates globally, anyone considering a deposit should look past the marketing and carefully examine the confirmed regulatory notices and detailed user exposure reports.

Regulation and Safety

FBS is headquartered in Belize and holds regulatory licenses with the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). While top-tier regulation normally offers a degree of protection, Indian traders must be cautious because local authorities like SEBI and the RBI do not oversee these offshore operations.

Furthermore, official disclosures show direct warnings against FBS. The Securities Commission Malaysia (SCM) flagged the broker for offering unauthorized services, and Japans Financial Services Agency (FSA) previously issued an alert for unregistered operations.

WikiFX Score and Risk Signals

The WikiFX score for FBS currently sits at a notably low 2.51. This suppressed rating is driven by a surge in negative user exposures and the aforementioned regulatory warnings. The available WikiFX data notes that over 170 user complaints were received within a recent three-month period. For any trader, these severe risk signals warrant extreme caution before transferring money.

Forex Trading Conditions

Available data shows that FBS offers Standard and Ultra account types, with a minimum entry condition of 50 units and maximum leverage up to 1:30. Advertised spreads start from 0.7 pips or 0 pips, depending on the account tier. While these Forex conditions appear competitive on paper, traders should weigh the advertised costs against the widespread user reports of extreme slippage and unverified price gaps.

Platform Access and Login Safety

FBS supports trading via its proprietary mobile applications alongside the industry-standard MT4 and MT5 software. However, the available material highlights a lack of advanced security features, noting that it misses two-step login verification and biometric authentication. Before entering credentials on any FBS login page, traders should confirm they are on the official domain to avoid clone risks.

Trader Complaints and Exposure Cases

The provided exposure cases reveal a widespread and concerning pattern of user complaints. A massive number of traders report severe withdrawal issues, particularly after making consistent profits.

Common allegations describe FBS rejecting withdrawals and requesting repetitive AML documentation, only to forcibly remove earned funds under a “Balance Fixed” operation.

In addition, multiple users describe extreme platform slippage, ignored stop-loss triggers, and sudden price manipulation (especially on XAU/USD) that allegedly wiped out their account balances.

Some users also reported having their open orders forcibly closed at false market prices.

Deposits, Withdrawals, and Support

While FBS advertises support for over a dozen payment methods—including Visa, Mastercard, Sticpay, and various regional bank channels—the practical withdrawal experience appears highly problematic based on user reviews. Support is available in 14 languages through phone, email, and instant messaging, but official WikiFX notes indicate that response waiting times can be long. When traders encounter blocked accounts or trapped funds, they frequently report that customer support becomes unresponsive or provides unhelpful excuses.

Final Verdict: Should Indian Traders Trust FBS?

Based on the available evidence, FBS presents a very high risk despite carrying CySEC and ASIC licenses. The sheer volume of documented complaints regarding denied withdrawals, erased profits, and severe price slippage heavily outweighs its regulated status. The addition of regulatory warnings from Malaysia and Japan further diminishes trust. For Indian traders, the available data suggests extreme caution.

Status changes daily. Before depositing, check the WikiFX App for the latest real-time certificate and broker risk updates.