FBS is a global forex and CFD broker founded in 2009 and headquartered in Belize. It has grown to serve over 27 million clients worldwide, with a strong presence in emerging markets including Turkey. The broker offers a low minimum deposit of just $1 and maximum leverage up to 1:3000, which appeals to Turkish retail traders looking to start small but aim for high returns. FBS supports local payment methods such as Bank Transfer (TRY), Skrill, and USDT, and provides Islamic accounts for Muslim traders. However, its regulatory framework is offshore for the Turkish market, meaning traders must be aware of the risks. Overall, FBS is a high-risk, high-reward option for Turkey traders who prioritize low entry costs over regulatory safety.
| Detail | Information |
|---|---|
| Founded | 2009 |
| Headquarters | Belize |
| Regulated by | CySEC,IFSC,FSCA |
| Min Deposit | $1 |
| Max Leverage | 3000 |
| Platforms | MT4, MT5 |
| Islamic Account | β Available |
| Copy Trading | β Not available |
| Demo Account | β 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 | β Yes |
| ECN/Raw Account | β No |
| Islamic (Swap-free) | β Yes |
| Scalping Allowed | β Yes |
| Hedging Allowed | β Yes |
| Expert Advisors (EA) | β Yes |
| Copy Trading | β No |
FBS offers a genuine swap-free Islamic account for Muslim traders in Turkey who want to avoid interest (riba). The account is available on Standard and Cent account types. No swap fees are charged on overnight positions, but spreads may be slightly wider to compensate for the cost. To apply, simply register a live account and then contact FBS support via live chat or email to request the swap-free status. You will need to provide a declaration of your Muslim faith. The account is available for all forex pairs and metals. There are no hidden fees, but be aware that positions held for very long periods (e.g., weeks) may still incur administrative charges in some cases.
| Feature | Details |
|---|---|
| Islamic Account Available | β Yes |
| Swap Fees | β 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 | β All available | 0.80 pips |
| Gold (XAU/USD) | Spot Gold | β Available | 0.40 pips |
| Silver (XAG/USD) | Spot Silver | β Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | β Available | $0.03β$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | β Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | β Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | β Available | 0.02% |
| ETF CFDs | SPY, QQQ | β Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | β Yes | Built into platform, real-time |
| Daily Market Analysis | β Yes | Written + video reports |
| Video Tutorials | β Yes | Beginner to advanced |
| Live Webinars | β Yes | Weekly sessions, recorded |
| Demo Account | β Yes | Unlimited, no expiry |
| Copy Trading | β No | Not available |
| Free VPS | β Yes (active traders) | For EA/automated trading |
| Local Language Support | β No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | β Yes | 24/5 (Mon-Fri) | β β β β β Excellent |
| Email Support | β Yes | 24/5 | β β β β β Very Good |
| Phone Support | β Yes | Business hours | β β β β β Good |
| β No | β | Not available | |
| Local Language | β No | β | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| FBS β | $1 | 0.80 pips | β | β | 3.7 |
| Pepperstone | $0 | 0.09 pips | β | β | 4.9 |
| IC Markets | $200 | 0.02 pips | β | β | 4.8 |
| Exness | $10 | 0.10 pips | β | β | 4.8 |
Understanding how FBS protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for Turkey traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | β Yes | Client money held in separate bank accounts |
| Negative Balance Protection | β Yes | Losses capped at account balance |
| Top-tier Regulation | β No | FCA/ASIC/CySEC licensed |
| Investor Compensation | β No | Up to Β£85,000 (FCA) or β¬20,000 (CySEC) |
| 2FA Security | β Yes | Two-factor authentication available |
| SSL Encryption | β Yes | All data encrypted in transit |
| Audit & Reporting | β Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from FBS relevant to Turkey traders:
FBS is a suitable broker for Turkey traders who are starting with a small budget and want high leverage. Its low minimum deposit, support for local payment methods, and Islamic account make it accessible. However, the offshore regulation and mixed user reviews about withdrawals are significant drawbacks. We recommend FBS only for experienced traders who understand the risks of trading with an unregulated entity in Turkey. Beginners should consider a broker regulated by the SPK or a top-tier regulator. If you decide to use FBS, start with a small deposit and always verify your account details.