FBS

FBS is a forex and CFD broker founded in 2009. The company says it operates in more than 150 countries and passed 27 million registered clients in 2022, with most of that growth coming from Asia, Africa, the Middle East and Latin America. The brand runs on three legal entities. The one that matters for bonus hunters is FBS Markets Inc., registered in Belize and licensed by the Financial Services Commission of Belize, because that entity operates fbs.com and runs the promotions. A separate Cyprus company, Tradestone Ltd, holds CySEC license 331/17 and serves the EU through fbs.eu, and Intelligent Financial Markets Pty Ltd trades as FBS Oceania in Australia under AFSL 426359.

Treat the trust picture accordingly. Belize FSC oversight is light compared with CySEC or ASIC, and the Belize entity's client agreement gives the company wide discretion over quotes, orders and promotions. FBS has also been shrinking its footprint: it pulled out of India in August 2025 and told partners later that year that it was pausing marketing activity. The broker still onboards clients, but it is a quieter operation than its bonus-heavy reputation suggests.

FBS offers forex with 30-plus currency pairs, metals, indices, energies, more than 350 stock CFDs and crypto CFDs on MetaTrader 4, MetaTrader 5 and its own FBS app. Deposits start at $5 and headline leverage goes to 1:3000. That top leverage only applies to small accounts: under the customer agreement, 1:3000 is capped at $200 of equity, dropping to 1:1000 at $5,000 and lower tiers above that. Margin call comes at 40% margin level and stop out at 20%.

The deposit bonus applied to Standard and Cent accounts. Withdrawal mechanics matter for any account: FBS processes withdrawal requests within two working days, money must go back to the payment method that funded the account, and card deposits require a partial card copy before any withdrawal is released.

FBS built its name on no deposit offers, most recently the Level Up bonus that gave new clients $70, doubled to $140 for using the app, with profits withdrawable after trading five lots across 20 active trading days. That program is finished. FBS says on its own blog that it no longer runs a permanent no deposit or welcome bonus. Any site still advertising a $140 FBS no deposit bonus is out of date.

The last public program was the FBS Deposit Bonus, launched in July 2025. It gave a 100% match on the first deposit after the launch and a sliding scale on later deposits: 10% on $100 to $250, rising through tiers to 60% on deposits above $5,000, capped at $10,000 in bonus per deposit and $25,000 in total. In September 2026 fbs.com/promotions and the deposit bonus page redirected to the homepage, the site navigation no longer linked to any promotion, and a third-party tracker reported the bonus discontinued. FBS can hide promotions by region, so check your Personal Area, but do not open an account expecting this bonus.

The mechanics explain why it was worth less than the headline. The bonus was non-withdrawable margin credit. Profits made while trading with it could be withdrawn with no lot turnover requirement, but your own balance was spent first in trades, any withdrawal deducted an equal amount of bonus, and the credit expired 28 days after your last deposit or newly opened trade. If equity fell to or below the bonus amount, the whole credit was removed. In practice it was short-lived extra margin, not free capital.

FBS promotions were run by the Belize entity, so eligibility followed fbs.com availability. Residents of the EU, UK and US could not claim them. The EU arm, Tradestone Ltd, operates under CySEC rules and offers no bonuses, and FBS Oceania states it does not serve residents of the USA, EU, UK, Japan or China. India was cut entirely in August 2025, when FBS told Indian clients to withdraw funds and closed their access.

That left the offshore client base in Asia, Africa, the Middle East and Latin America as the practical audience for the deposit bonus, which applied automatically unless you asked support to opt out. With no promotion listed on fbs.com in September 2026, a new client in those regions should expect a plain account with no bonus attached.

Expect real verification before money leaves the account. The customer agreement lets FBS demand ID and proof of address, request notarized document copies, ask for source of funds evidence, and close accounts that do not comply within its deadlines. Plan to verify fully before you trade the bonus, not after you have profits waiting.

The deposit bonus terms also spelled out how people lost bonus profits: multiple accounts registered to claim more than one bonus, trading from a shared IP address, arbitrage between connected markets, and volume that FBS judged artificial could all void the bonus, and the company states its decisions are final. The structural risk applies to any account: at 1:3000 leverage a small move wipes the deposit, so keep position sizes based on your own funds.