FBS is a global forex and CFD broker founded in 2009, headquartered in Belize, and has grown to serve over 27 million clients worldwide. For Cyprus traders, FBS is relevant because it operates under a CySEC license (number 331/17), making it compliant with EU regulations. The broker offers a wide range of trading instruments, including forex, metals, indices, commodities, and cryptocurrencies, with leverage up to 1:30 for EU clients and up to 1:3000 for non-EU accounts. Its low minimum deposit of $1 and support for local payment methods like Skrill and bank transfers make it accessible for Cypriot retail traders. However, the dual-license structure means Cyprus traders must be careful to choose the CySEC-regulated entity to benefit from local protections like negative balance protection and the Investor Compensation Fund.
| Detail | Information |
|---|
| Founded | 2009 |
| Headquarters | Belize |
| Regulated by | CySEC,IFSC,FSCA |
| Min Deposit | $5 |
| Max Leverage | 3000 |
| Platforms | MT4, MT5 |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is FBS Safe for Cyprus?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Cyprus traders
Always verify FBS's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.80 pips | $0 | 0.80 pips | 0.80 pips |
| XAU/USD | 0.40 pips | $0 | 0.40 pips | 0.40 pips |
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Account Types for Cyprus Traders
Standard Account
No Commission
Min Deposit$5
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$5
EUR/USD Spreadfrom 0.80 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Cyprus Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Cyprus deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Cyprus Muslim Traders
FBS offers a genuine Islamic (swap-free) account for Muslim traders in Cyprus who wish to trade without earning or paying interest (Riba). The account is available for all account types (Standard, Cent, ECN) and has no hidden fees. However, it is only applicable to specific currency pairs and instruments; some exotic pairs may still incur swap charges. To apply, simply select the Islamic account option during registration or contact customer support. The account is free to open and does not require additional documentation beyond standard KYC.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Cyprus
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.80 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.40 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Cyprus traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Cyprus traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Cyprus traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Cyprus Review
Support verdict for Cyprus
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Cyprus Traders Make with FBS
- Mistake: Cyprus traders often choose the Belize entity for high leverage without realizing they lose all local protections, including negative balance protection and ICF coverage.
- Mistake: Many traders fail to verify that they are trading under the CySEC-regulated account by checking the client agreement and the CySEC license number (331/17).
- Mistake: Some Cyprus traders ignore the $1,000 minimum deposit for the ECN account and end up with the Standard account, which has higher spreads, without understanding the cost difference.
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FBS vs Competitors in Cyprus
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| FBS (current) | $5 | 0.80 pips | Yes | No | 3.7 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — FBS
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
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Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Cyprus traders
FBS segregates all client funds and holds regulatory licenses.
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FBS User Reviews & Ratings
CompareBroker Expert Rating
3.7
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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FBS Latest News & Updates 2026
FBS expands TradingView integration
FBS has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
FBS maintains top-tier regulatory status
FBS continues to hold its regulatory licenses, ensuring client fund protection for Cyprus traders.
New instruments added for Cyprus traders
FBS has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FBS Worth It for Cyprus Traders?
3.7/5
★★★★★
FBS is a decent option for Cyprus traders who want a low-cost entry into forex trading, especially beginners with small capital. The CySEC regulation offers a safety net that many offshore brokers lack. However, the allure of high leverage from the Belize entity is a trap for inexperienced traders. For those who stick to the CySEC-regulated account and use the Standard account with low spreads, FBS can be a reliable broker. It is best for retail traders who value low minimum deposits and Islamic accounts, but not for advanced traders needing advanced platforms or extensive research tools. Overall, we recommend FBS with caution: use only the CySEC entity and manage your risk carefully.
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FAQ — FBS for Cyprus Traders
Is FBS safe for Cyprus traders?+
How can I deposit money in FBS from Cyprus?+
Does FBS have Islamic account?+
What is the minimum deposit for FBS in Cyprus?+
What trading platforms does FBS offer?+
Is FBS regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
