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FBS Overview for Singapore
FBS is a global forex and CFD broker founded in 2009, headquartered in Belize, and serving over 27 million clients worldwide. For Singapore traders, FBS offers an attractive proposition: ultra-low minimum deposit of $1, high leverage up to 1:3000, and support for popular local payment methods like PayNow, Bank Transfer, and Credit Card. The broker provides MetaTrader 4 and MetaTrader 5 platforms, which are widely used by sophisticated Singapore traders for their advanced charting and automated trading capabilities. However, FBS is not regulated by the Monetary Authority of Singapore (MAS), which is a key consideration for local traders who value strong regulatory oversight. Despite this, FBS remains popular among Singaporeans for its competitive spreads, Islamic account option, and educational resources. This review will help you decide if FBS aligns with your trading needs and risk tolerance in the Singapore market.
| 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 Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore 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 Singapore 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 — Singapore 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)
Singapore 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 — Singapore Muslim Traders
FBS offers a genuine swap-free Islamic account for Muslim traders in Singapore. This account is available on all account types (Standard, ECN, Cent) and ensures no interest is charged or earned on overnight positions. The account is free from hidden fees – you only pay the standard spreads and commissions. To apply, simply select the Islamic account option during registration or contact customer support via live chat. FBS does not charge an administration fee for the Islamic account, which is a plus compared to some brokers. However, note that some instruments may have limited swap-free eligibility. Overall, it’s a solid choice for Singapore Muslim traders seeking Sharia-compliant trading.
| 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 Singapore
| 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 Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore 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 — Singapore Review
Support verdict for Singapore
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 Singapore Traders Make with FBS
- Mistake: Assuming FBS is MAS-regulated. Always verify the broker’s regulatory status on the MAS website before depositing funds.
- Mistake: Using maximum leverage without understanding the risks. Leverage up to 1:3000 can amplify losses quickly – use it cautiously.
- Mistake: Not verifying your identity with NRIC/Passport promptly. Delays can block withdrawals, so complete verification immediately after registration.
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FBS vs Competitors in Singapore
| 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 Singapore 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 Singapore traders.
New instruments added for Singapore traders
FBS has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FBS Worth It for Singapore Traders?
3.7/5
★★★★★
FBS is a viable option for Singapore traders who prioritize low costs and high leverage, but it comes with regulatory risks due to the absence of MAS oversight. The broker is best suited for experienced traders who understand the risks of trading with an offshore broker and can manage their own capital. Beginners in Singapore may prefer a MAS-regulated broker like Saxo or IG for better investor protection. However, FBS’s low minimum deposit, PayNow support, and Islamic account make it attractive for specific use cases. If you decide to trade with FBS, start with a small deposit and always verify your account details. Overall, it’s a decent broker for cost-conscious traders, but not recommended for those seeking maximum security.
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FAQ — FBS for Singapore Traders
Is FBS safe for Singapore traders?+
How can I deposit money in FBS from Singapore?+
Does FBS have Islamic account?+
What is the minimum deposit for FBS in Singapore?+
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.
