What FBS Markets does

FBS Markets Inc. is a privately held retail Forex and CFD broker founded in 2009 and headquartered in Belize City, operating under an FSC (Belize) Securities Industry Act 2021 license (license 4077102). The firm reports a user base of more than 27 million traders across 150+ countries and offers 550+ CFD instruments spanning forex (70+ currency pairs), precious metals, indices (10+), energies, equities (470+), and cryptocurrencies (15+). Distribution is executed via a proprietary FBS mobile app, MetaTrader 4, and MetaTrader 5, with the app integrating TradingView-powered charts (90+ indicators). Operational support and payment processing are routed through HDC Technologies Ltd. in Limassol, Cyprus.

The core technology stack combines the commodity MT4/MT5 platform layer (with broker-branded server infrastructure) and a proprietary mobile trading app that supports biometric login, real-time analytics, and AI-assisted decision support. The 2025 launch of the FBS AI Assistant in Singapore adds text-based real-time market insights, trend detection, and trade-idea generation. Supporting tools include an Economic Calendar, Price Alerts, Trading Calculators, a VPS service for automated trading, and the FBS Academy educational platform. Compliance scope covers PCI DSS, GDPR, segregated client funds at tier-1 banks, negative balance protection, and SSL encryption.

FBS operates a commission-free, spread-based monetization model, earning revenue from bid-ask spreads (floating from 0.7 pips on EURUSD), overnight swap charges on leveraged positions, VPS subscription fees (gated by $450 deposit and 3-lot monthly activity), and weekly commissions on swap-free Islamic accounts holding exotic forex positions long-term. Customer acquisition runs through a self-serve, product-led funnel with demo-to-live conversion, supplemented by a community-led GTM (Telegram, YouTube, Instagram, Facebook), event sponsorships (Forex expos, iFX Expo, Finance Magnates Summit, Leicester City FC), and an Introducing Broker program offering up to 43% partner commissions. The brokerage is restricted from serving the USA, EU, UK, Israel, India, Iran, and Myanmar, which shapes its addressable market toward emerging and APAC retail segments.

Name

FBS Markets

Legal name

FBS Markets Inc.

Website

https://fbs.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

FBS Markets is a privately held Belize-licensed Forex and CFD broker serving 27+ million retail traders across 150+ countries via its proprietary FBS app, MetaTrader 4/5, and TradingView-integrated charting, monetizing through commission-free spreads, swaps, and VPS fees.

Ownership category

akta.pro rank

Product category

Retail Forex and CFD Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

Keywords

• Retail forex broker
• CFD trading platform
• Online trading services
• Forex market access
• Multi-asset brokerage

Headquarters

HQ city

Belize City

HQ country

Belize

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Spreads on CFD Trading: FBS earns revenue through the bid-ask spread on all CFD instruments traded. The spread is the primary cost traders pay per trade. Spreads start from 0.7 pips on major forex pairs like EURUSD, with typical spreads varying by instrument.
2. Overnight Swap Charges: Interest charges applied to positions held overnight (swap long and swap short). These charges vary by instrument and are calculated based on position size and the interest rate differential of the currency pair or asset.
3. VPS Service Fee: VPS service available for traders who deposit $450 or equivalent in one transaction on a Real account and trade 3 lots per month. Fee-based service for uninterrupted automated trading.
4. Islamic Account Weekly Commission: For swap-free (Islamic) accounts, a weekly commission is charged for long-term positions on Forex Exotic instruments, calculated as the swap value multiplied by 7, charged at least 7 days after initial rollover.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

FBS Markets operates a global online brokerage providing retail access to Contracts for Difference (CFDs) on Forex currency pairs, precious metals, equity indices, energy commodities, individual stocks, and cryptocurrencies via the MetaTrader 4, MetaTrader 5, and FBS Trader mobile platforms. The firm serves more than 27 million clients across 150+ countries, with regulated subsidiaries under FSC Belize (FBS Markets Inc.), CySEC (Reliantco Investments EU Ltd/Cyprus), ASIC (Reliantco Investments AU Pty Ltd), and FSA Seychelles. Core monetisation comes from spreads, swaps, commissions, and ancillary fees on client trading activity.

Product overview

FBS Markets is a global Forex and CFD broker operating under FSC (Belize) license, serving over 27 million traders in 150+ countries. The company offers a multi-platform ecosystem centered around the proprietary FBS App and MetaTrader platforms (MT4 and MT5). The core offering includes 550+ CFD trading instruments across Forex (70+ currency pairs), precious metals, indices, energies, stocks (470+), and cryptocurrencies (15+). Supporting the trading platforms are educational tools through FBS Academy, analytical tools including an Economic Calendar and Price Alerts, trading calculators, and a VPS service for automated trading. The product ecosystem is complemented by the FBS AI Assistant providing real-time market insights, a risk-free Demo account for practice, and 200+ payment methods for deposits and withdrawals.

Differentiator

Problem solved

Functional benefit

Products and services

• Forex CFD Trading Contracts for Difference (CFDs) on 37 major, minor and exotic currency pairs for retail speculative trading; executed on MetaTrader 4 / MetaTrader 5 or the FBS Trader mobile app with leverage options per regulatory jurisdiction.
• Metals CFD Trading CFDs on precious metals (gold and silver in particular) offered as part of the FBS multi-asset suite via the same MT4/MT5 and FBS Trader stack.
• Indices CFD Trading CFDs on 10+ global equity indices accessible from a single trading account, allowing retail users to speculate on broader market movements through MT4/MT5 and the FBS app.
• Energies CFD Trading CFDs on energy commodities enabling retail speculation on oil and natural gas price movements via FBS's MT4/MT5 and FBS Trader platforms.
• Stocks CFD Trading CFDs on 100+ global equities (single stocks) offered to retail clients for single-name speculation through the FBS multi-asset trading account.
• Crypto CFD Trading CFDs on 30+ cryptocurrencies providing retail clients with leveraged, around-the-clock speculation on major digital assets via FBS's MT4/MT5 and FBS Trader platforms.
• FBS Trader Mobile App FBS's proprietary mobile trading application (iOS/Android) providing mobile-first CFD trading on all six asset classes, charting via TradingView, and direct in-app support.
• FBS AI Assistant AI-powered conversational assistant embedded in FBS's trading environment to support retail clients with market analysis, platform navigation, and trading-related queries.
• Cent Account Entry-level retail account type allowing new and small-balance traders to fund with as little as $1 and trade in micro/cent lot volumes on the full FBS instrument set.
• Standard Account Standard retail trading account with spread-based, no-commission pricing across FBS's 550+ instruments, targeted at typical retail clients.
• Pro / ECN Account ECN-style trading account offering tighter spreads with commission-based execution, aimed at experienced retail traders and higher-volume users.
• Zero Spread Account Commission-based retail account type offering zero-pip spreads for active traders prioritising minimal spread cost on FBS's instrument set.
• Copy Trading Service Social/copy-trading feature enabling FBS clients to follow and automatically copy the positions of selected strategy providers within the FBS environment.
• FBS Partner / Introducing Broker (IB) Program Affiliate / introducing-broker program offering revenue share and commissions to individuals and regional partners who refer retail trading clients to FBS.
• Demo Trading Account Free simulated (paper) trading account that lets prospective retail clients practise trading on FBS's full platform and asset set before opening a funded account.

Quantifiable outcome

• Order execution from 0.01 seconds with no requotes
• +3 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Bros Gang TVminorGTM or Marketing Partner · 28 October 2025FBS partnered with Malaysian content creator Bros Gang TV to support the Orang Asli community in Taman Negara Pahang, Malaysia. The charity initiative provided essential supplies to around 30 households, including food, hygiene items, and merchandise. This partnership aligns with FBS's social responsibility focus and helps build brand awareness through influencer marketing.
• SUKA SocietycoreStrategic or Co-development PartnerLong-term partnership with SUKA Society supporting Malaysia's Indigenous communities. Projects include Project Warisan Holiday Camp (educational camp for 62 Indigenous students and 25 parents from Perak, May-June 2025) and English language learning initiatives. Focus areas: education access, English language, science fundamentals, financial literacy, cultural heritage, and personal development for Indigenous families.
• Peduli Anak FoundationcoreStrategic or Co-development Partner$10,000 donation to support 250 children during Ramadan 2025. Provided nutritious meals (iftar and suhoor), traditional attire (prayer gowns, sarongs, hijabs), footwear, and participated in big iftar celebration and Eid cookie-making event. Second-time partnership demonstrating ongoing commitment to Indonesian children.
• MyCareminorStrategic or Co-development PartnerMalaysian charitable organization partner for community support initiatives. FBS collaborates on various social responsibility projects in Malaysia focusing on education and community development.
• Education AfricaminorStrategic or Co-development PartnerSouth African education-focused NGO partner. FBS has supported school renovations and educational initiatives for underprivileged communities in South Africa.
• Dignity for ChildrenminorStrategic or Co-development PartnerMalaysian organization focused on children's welfare. FBS partnered for Christmas Gift-A-Meal campaign providing holiday support to children and families.
• Helpers Social Development FoundationminorStrategic or Co-development PartnerNigerian NGO partner for children's empowerment and community support programs. FBS has supported initiatives helping orphans and vulnerable children.
• Save the Children ThailandminorStrategic or Co-development PartnerInternational child welfare organization with Thailand operations. FBS provided humanitarian relief to flood victims and supports education and essential needs programs for children.
• Akbayanihan FoundationminorStrategic or Co-development PartnerPhilippines-based charitable foundation. FBS supports community development initiatives and child welfare programs in the Philippines.
• Leicester City Football ClubcoreGTM or Marketing PartnerFBS became a key sponsor of Leicester City FC and launched the 'Always by Your Side' campaign (2022) promoting accessible trading. The partnership leverages football's global appeal to enhance brand visibility and associate FBS with accessibility and community values.
• TradingViewcoreTechnology or IntegrationFBS app integrates TradingView-powered charts providing professional-grade charting with 90+ technical indicators. This integration enhances the FBS trading app's technical analysis capabilities, distinguishing it from competitors using basic charting tools.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• XM Group: XM is a global retail FX/CFD broker serving millions of clients across similar geographies with MT4/MT5, a multi-asset product suite, large IB/affiliate program, and similar offshore-style positioning — making it one of FBS's closest competitors.
• RoboForex: RoboForex is an offshore retail FX/CFD broker with MT4/MT5, multi-asset CFD coverage, copy-trading, and IB/affiliate programs — directly comparable to FBS in product mix, channel strategy, and target emerging-market clients.
• IC Markets: IC Markets is an MT4/MT5-based retail FX/CFD broker competing on tight spreads, low-latency execution, and broad asset coverage — overlapping FBS on trading conditions, platform stack, and target retail traders.
• Tickmill: Tickmill is an FCA/CySEC-regulated retail FX/CFD broker offering MT4/MT5 with tight spreads and copy-trading (Tickmill Copy), targeting the same beginner-to-intermediate retail CFD audience as FBS.
• eToro: eToro is a multi-asset retail broker with a social-trading community layer, proprietary app, and broad geographic reach — competing with FBS on retail CFD traders, community engagement, and beginner-friendly education.
• Octa (OctaFX): Octa is an offshore retail FX/CFD broker with MT4/MT5, copy-trading, and a strong IB program, heavily focused on emerging markets (Asia, LATAM, Africa) — directly competing with FBS on the same retail and IB channels.
• Exness: Exness is a multi-jurisdictional retail FX/CFD broker with comparable offshore/emerging-market focus, MT4/MT5 stack, tight spreads, and a large IB program — a direct head-to-head competitor to FBS for retail trading volume in emerging markets.
• Pepperstone: Pepperstone is an ASIC/FCA-regulated retail FX/CFD broker offering MT4/MT5/cTrader with tight spreads and multi-asset coverage, competing for the same retail trader segment as FBS, though with stronger Tier-1 licenses.

Broad incumbents

• OANDA: OANDA is a long-established, multi-jurisdiction retail FX/CFD broker with proprietary platform and MT4 — comparable to FBS on FX/CFD product offering, but with stronger regulatory footprint (FCA, CFTC, ASIC) and a focus on more sophisticated retail/professional clients.
• IG Group: IG Group is a publicly listed, FCA-regulated incumbent offering FX, CFDs, spread betting, and share dealing — a much larger, broad-portfolio incumbent competing with FBS for retail CFD volume but with Tier-1 licenses and institutional reach that FBS lacks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@FBSAnalytics
• Facebookfacebook.com/financefreedomsuccess
• Instagraminstagram.com/fbs_forex
• Xx.com/FBS_news

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FBS Markets