FBS is a global forex and CFD broker founded in 2009, with headquarters in Belize. It has grown to serve over 27 million clients worldwide, including a significant number of traders in Indonesia. The broker is known for its low minimum deposit of just $1, making it highly accessible for beginner traders in Indonesia who want to start with minimal capital. FBS offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies, all available through the popular MT4 and MT5 platforms. For Indonesia traders, FBS provides local payment methods like GoPay and OVO, which are widely used across the country. However, the broker is not regulated by Indonesia's OJK, which is a key consideration for local traders. Despite this, FBS has a strong reputation and offers features like Islamic accounts for Muslim traders, making it a popular choice in the region. The broker also emphasizes mobile-first trading, with a well-optimized mobile app that works smoothly on Indonesia's internet networks.
| 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 (swap-free) account for Muslim traders in Indonesia who wish to trade without earning or paying interest (riba). This account is available on Standard and Cent accounts, and it is free of swap charges on overnight positions. To apply, simply contact FBS customer support or select the Islamic account option during registration. There are no hidden fees, but the account may have some restrictions on long-term holding of certain instruments. It is important to note that the Islamic account is not available on ECN accounts. For Indonesia Muslim traders, this is a valuable feature that aligns with Sharia principles.
| 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 Indonesia 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 Indonesia traders:
FBS is a solid choice for Indonesia traders who are looking for a low-cost, accessible broker with local payment methods like GoPay and OVO. The $1 minimum deposit and Islamic account make it particularly appealing for beginners and Muslim traders. However, the lack of OJK regulation is a significant concern, as it means you are trading without local oversight. For experienced traders who understand the risks, FBS can be a good option for small accounts, but for larger investments, a locally regulated broker might be safer. Overall, FBS is recommended for Indonesia traders who prioritize low entry costs and convenience over regulatory protection.