FxPro's website
FBS in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%60
- Safety20%0
- Payouts15%80
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- FBS Markets Inc
- Founded
- 1995
- Retail leverage
- 3000IN
- Round turn
- 13 USDIN
- Currencies
- USD or EUR; no INR accounts verified.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with FBSThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- FBS Markets Inc
- Local standing
- Offshore; trading non-INR pairs via unregulated foreign brokers breaches FEMA/RBI-SEBI rules.
- Licence as the register states it
- Belize FSC/IFSC; not SEBI-registered.
- Leverage for this entity
- Up to 1:3000 offshore; India permits only exchange-traded INR pairs domestically.
- The firm behind it
- FBS founded 2009, Belize-based, serves 150+ countries; large Asia retail base.
- What we hold against it
- Not SEBI-authorised; RBI publishes alert lists of unauthorised forex platforms, using them is illegal under FEMA.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore; trading non-INR pairs via unregulated foreign brokers breaches FEMA/RBI-SEBI rules.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Cent, Standard, ECN/ECO, Zero Spread, Crypto. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FBS sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 13 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 5 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:3000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
Cards, wire, e-wallets;
- Cards
- Wire
- E-wallets
- Account currency
- USD or EUR; no INR accounts verified.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- FBS Trader app
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.7 |
| MT5 | — | 0.7 |
| FBS Trader app | — | 0.7 |
| All instruments | 550+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 3000 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 2,584 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(5 for and 5 against, each tied to a figure on this page)
- Min deposit 5 USD, under the India median 15
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, FBS Trader app
- Round turn 13 USD on the standard basis, over the India median 7
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- The published 1:3000 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 15IN
- Min deposit, USD
- 30 groupIN
- Leverage
- 3000 group
- Rank in this country
- #53
- Round turn, USD
- 10IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #17
- Round turn, USD
- 14IN
- Min deposit, USD
- 5 groupIN
- Leverage
- 5000IN
- Rank in this country
- #51
- Round turn, USD
- 10IN
- Min deposit, USD
- 15 groupIN
- Leverage
- 500 group
- Rank in this country
- #61
- Round turn, USD
- 16IN
- Min deposit, USD
- 1000IN
- Leverage
- 100IN
- Rank in this country
- #25
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | FBS |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 60 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does FBS accept residents of India?
- No. Offshore; trading non-INR pairs via unregulated foreign brokers breaches FEMA/RBI-SEBI rules. Onboarding entity: FBS Markets Inc
- Is FBS licensed to serve clients in India?
- Belize FSC/IFSC; not SEBI-registered. Checked on 09.07.2026.
- How much does one round turn cost at FBS?
- About 13.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does FBS offer to retail clients in India?
- Up to 1:3000. Up to 1:3000 offshore; India permits only exchange-traded INR pairs domestically.
- Which trading platforms does FBS support?
- MT4, MT5, FBS Trader app. Instruments: FX pairs, metals, indices, energies, stocks, crypto CFDs.
- How can I withdraw money from FBS in India?
- Cards, wire, e-wallets; UPI availability not verified at review.
- What account types does FBS offer?
- Cent, Standard, ECN/ECO, Zero Spread, Crypto.
- Does FBS offer a swap-free (Islamic) account?
- Yes. FBS offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.