Founded in 2009 and headquartered in Belize, FBS has grown into a global forex and CFD broker serving over 27 million clients worldwide. For Georgian traders, FBS offers a compelling mix of ultra-low minimum deposits ($1), high leverage up to 1:3000, and a wide range of trading instruments including forex, metals, indices, and cryptocurrencies. The broker is particularly popular among retail traders in Georgia due to its support for local payment methods like Skrill, USDT (crypto), and local bank transfers, making deposits and withdrawals seamless. FBS also provides Islamic accounts for Muslim traders, a key feature in a country with a significant Muslim population. While not regulated by Georgia's local financial authority, FBS holds licenses from CySEC (Europe), IFSC (Belize), and FSCA (South Africa), offering a mixed regulatory framework. Its user-friendly platforms (MT4/MT5) and extensive educational resources make it a solid choice for both beginner and experienced Georgian traders. However, the offshore IFSC regulation means traders should exercise due diligence and consider the risks involved.
| Detail | Information |
|---|---|
| Founded | 2009 |
| Headquarters | Belize |
| Regulated by | CySEC,IFSC,FSCA |
| Min Deposit | $1 |
| Max Leverage | 3000 |
| Platforms | MT4, MT5 |
| Islamic Account | ✓ Available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| 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 |
| 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 |
FBS offers a genuine Islamic Account (swap-free) for Muslim traders in Georgia who wish to trade in accordance with Sharia law, which prohibits earning or paying interest (riba). The account does not charge or credit overnight swap fees on positions held beyond the trading day, making it suitable for long-term trading strategies. There are no hidden fees for the Islamic account, but FBS may apply an administrative charge if positions are held for an extended period (e.g., beyond 10 days) to cover costs. To apply, Georgian traders simply need to request the Islamic account via FBS's customer support or during the account registration process. The account is available on all account types (Cent, Standard, Zero Spread, ECN) and offers the same spreads and conditions as standard accounts. This is a significant advantage for Muslim traders in Georgia, as many brokers either do not offer Islamic accounts or charge higher spreads.
| 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 |
| 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% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| FBS ★ | $1 | 0.80 pips | ✓ | ✗ | 3.7 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how FBS protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Georgia traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✗ No | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✗ No | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from FBS relevant to Georgia traders:
FBS is a viable option for Georgian retail traders, especially those with small capital or who require an Islamic account. The low minimum deposit, support for local payment methods like Skrill and USDT, and high leverage make it accessible and flexible. However, the lack of regulation by Georgia's local financial authority and reliance on offshore IFSC regulation are significant concerns. Traders should use FBS with caution, preferably limiting deposits to amounts they can afford to lose. The broker is best suited for beginners exploring forex trading with minimal risk, or experienced traders who understand the risks of offshore brokers. For those prioritizing regulatory safety, a broker regulated by a top-tier authority like the FCA or ASIC may be a better choice. Overall, FBS gets a 3.7/5 rating — a decent but not top-tier option for Georgia traders.