FBS is a forex and CFD broker founded in 2009 with a large emerging-markets user base. It is regulated by CySEC (Cyprus), ASIC (Australia) and Belize's FSC, offers a swap-free account option, and supports MT4, MT5 and the FBS app. Forex and CFD trading is high-risk; most retail accounts lose money.
Regulation & safety of funds
FBS operates through several licensed entities under CySEC in Cyprus, ASIC in Australia and the FSC in Belize. CySEC and ASIC are well-established, strict-tier authorities with client-money segregation rules and complaint mechanisms; the Belize FSC is an offshore regulator with a lighter framework. As with most global brokers, the protection that applies to you depends on which entity actually holds your account, and for traders in Georgia, Kazakhstan and Azerbaijan that is most likely the offshore Belize arm rather than the CySEC or ASIC entity.
None of FBS's regulators is a local supervisor in our cluster — for residents of Georgia, Kazakhstan and Azerbaijan, FBS is an internationally regulated, offshore broker, not one overseen by the National Bank of Georgia, AFSA/ARDFM or CBAR. Trading through it is legal for residents, but the strength of FBS's own international licence is what protects you. Before depositing, confirm which entity serves your country on the relevant register and check the licence is active for the services you want.
Swap-free account
FBS offers a swap-free account option, meaning positions held past the daily rollover cut-off are not charged or credited the overnight swap (interest) that applies on a standard account. This is a neutral, factual product feature — useful for traders who hold positions for several days and want to avoid accumulating overnight financing costs — and nothing more.
The swap-free label tells you the overnight swap is removed, not that the account is free of all costs. Some brokers reintroduce the cost through a higher administration fee, wider spreads on the swap-free account, or a holding-period limit after which charges resume. Verify the exact swap-free terms, eligible instruments and any fees directly with FBS for your country before relying on them, because these specifics are set by the broker and change over time.
Platforms
FBS supports MetaTrader 4 (MT4), MetaTrader 5 (MT5) and the FBS mobile app. MT4 is the long-standing standard for retail forex, favoured by traders who use Expert Advisors and a deep library of community indicators; MT5 adds more timeframes, order types and a wider asset range for traders who want them.
The FBS app covers account management and trading on mobile, which suits the region's mobile-first audience. FBS does not list cTrader or TradingView among its platforms, so traders who specifically want those should consider IC Markets, Pepperstone or FP Markets instead. Whichever you choose, test it on a demo account before funding a live one.
Account types & funding
FBS publishes a range of account types aimed at different experience levels and trading styles, with the swap-free option available on eligible accounts. Spreads, commissions, leverage caps and the minimum deposit vary by account type, entity and instrument, and they change over time, so check the current figures on the broker's own site rather than trusting any figure quoted elsewhere. We do not quote spreads or minimums here.
Funding and withdrawal methods depend on the entity serving your country and on your currency. Traders in our markets typically fund through international cards, bank transfers or e-wallets, usually via a USD or EUR base account rather than direct lari, tenge or manat, so expect conversion if your account currency differs. In Kazakhstan some card issuers decline forex payments, and in Azerbaijan AZN transfer caps limit deposit size — confirm both the broker's methods and your own bank's limits before depositing.
Who it suits
FBS tends to suit traders who want a global broker with a large emerging-markets following, a familiar MT4/MT5 setup and a swap-free option. Its broad reach and straightforward account structure make it a common choice for traders comparing mainstream options across developing markets.
On country coverage, FBS is confirmed to accept clients in all three of our markets — Georgia, Kazakhstan and Azerbaijan. It is a weaker fit for traders who specifically want cTrader or TradingView, which FBS does not list. As with the other brokers in this cluster, the entity serving you is likely an offshore one, so weigh FBS's reach against the lighter protection that offshore entity carries, and verify it before depositing.
How to verify before depositing
First, identify the FBS legal entity that will serve your country — it is named in the client agreement and the site footer, not just under the 'FBS' brand. Then search that entity on the matching regulator's public register (CySEC, ASIC or the Belize FSC) and confirm the licence is active for the services you want. For our region, expect the serving entity to be the offshore Belize arm and price the lighter protection in accordingly.
Next, confirm the swap-free terms in writing if you need them: that swaps are removed without a substitute charge, plus any administration fees and holding limits. Finally, check the current spreads, minimum deposit and the deposit/withdrawal methods for your currency on FBS's own site. If anything cannot be verified, treat it as a reason to wait rather than proceed — and remember most retail CFD accounts lose money.
Pros & cons
Pros
- Established since 2009 with a large emerging-markets user base.
- Multi-regulated under CySEC and ASIC, plus the Belize FSC.
- Swap-free account option available on eligible accounts.
- Familiar MT4/MT5 setup.
- Confirmed to accept clients in Georgia, Kazakhstan and Azerbaijan.
Cons
- The Belize FSC entity offers lighter offshore protection, and that is the likely serving entity for our region.
- The licence that applies depends on your agreement, so you must verify it yourself.
- No cTrader or TradingView in its platform line-up.
- Spreads, minimum deposit and funding terms must be checked live on the broker's site.
Frequently asked questions
Is FBS regulated and safe?
FBS is regulated by CySEC, ASIC and the Belize FSC — all searchable authorities. None is a local regulator in Georgia, Kazakhstan or Azerbaijan, so FBS is an offshore broker for our region. The protection you receive depends on which entity holds your account, likely the lighter-touch Belize arm; confirm it on the relevant register before depositing. Trading is high-risk and you can lose capital.
Does FBS offer a swap-free account?
Yes. FBS offers a swap-free account option that removes overnight swap (interest) on eligible accounts — a neutral product feature. Verify the exact terms, including any administration fees, eligible instruments and holding-period limits, directly with FBS for your country before relying on them.
What platforms does FBS offer?
FBS supports MetaTrader 4, MetaTrader 5 and the FBS app; it does not list cTrader or TradingView. If you want those, consider IC Markets, Pepperstone or FP Markets instead. Test your chosen platform on a demo before funding a live account.
Can I use FBS in Georgia, Kazakhstan or Azerbaijan?
FBS is confirmed to accept clients in all three markets. Trading is legal for residents, though FBS is an offshore broker rather than a locally supervised one. Mind the funding practicalities — some Kazakhstani card issuers decline forex payments, and Azerbaijan applies AZN transfer caps that limit deposit size. Confirm acceptance and the serving entity on the FBS site for your country.
What is the minimum deposit at FBS?
The minimum deposit varies by account type, entity and currency and changes over time, so we do not quote a fixed figure. Check the current minimum and funding methods for your country on the FBS website before opening an account.