FBS Review
Overall, FBS offers Rwandan clients an easy way to trade forex, stocks, energies, and metals using MT4, MT5, or the FBS mobile app. You can start with a very small deposit, activate Islamic accounts, and handle funding locally through accessible payment providers.
 | Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Key Facts About FBS for Rwandan Traders
| Category | Details |
| 🏦Rwanda Office Address | None in Rwanda; offices in South Africa, Cyprus, Belize, and Australia |
| 📧Email Support | support@fbs.com |
| 📞Phone Support (Rwanda) | None in Rwanda, international line +357 25313540 |
| 💬Live Chat | Available on the official FBS website |
| ⏱️Customer Support Hours | 24/7 across all channels |
| ⏳Office Operating Hours | Depends on office; Monday 8 am–6 pm, Friday 8 am–6 pm |
| 🌐Official Website | www.fbs.com |
| 🚀 Sign up | 👉 Open Account |
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FBS Oversight and Security for Rwandan Accounts
Forex trading in Rwanda is still relatively young, with most activity driven through offshore brokers rather than a local framework. That makes regulation one of the first things you need to examine. While FBS is not locally regulated, Rwandans are covered by regulations set abroad.
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| International Financial Services Commission (IFSC) | Belize | Registration No. 000001317; Licence No. 000102/31 | This licence covers Rwandan accounts, ensuring client money is kept separate and minimum capital rules are in place. |
| Financial Sector Conduct Authority (FSCA) | South Africa | FSP No. 50885 | Regional African licence. Rwandans benefit from oversight closer to home, which enforces fair dealing standards. |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Licence No. 331/17 | EU-level rules. Rwandans don’t access EU compensation but still gain from stricter compliance standards. |
| Australian Securities and Investments Commission (ASIC) | Australia | AFS Licence No. 426359 | Offers Rwandans the assurance of external audits and capital requirements under Australian law. |
FBS Account Options Available in Rwanda
Trading with FBS from Rwanda means access to account types that balance flexibility and accessibility. You don’t need a large deposit to get started with FBS, and the single retail account suits all kinds of traders.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Retail Account | From $5 | 👉 Open Account | Up to 1:3000 | None (spread-only) |
| Islamic Account | Matches retail/deposit type | 👉 Open Account | Up to 1:3000 | Fixed admin fees on some exotics |
Retail Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, FBS Trader app |
| 📉 Spread Pips | Floating from 0.7 |
| 💰 Minimum Deposit | From $5 |
| 📈 Maximum Leverage | Up to 1:3000 |
| 💹 Trading Instruments | CFDs on forex, shares, metals, energies, indices, crypto |
| 🏆 Best For | Rwandans who want access to global markets with a low entry point and the option to scale positions without heavy starting capital |
| ✅ Advantages | Negative balance protection, high leverage for flexible strategies, instant withdrawals available, micro-lot sizing from 0.01 |
| 🚀Sign up | 👉 Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 5, MetaTrader 4, FBS App |
| 🛠️ Features | Market execution from 0.03 seconds, no deposit required, order volume from 0.01 to 500 lots, supports up to 400 trades at once, virtual balance of USD 1,000,000 |
| 🏆 Best For | Anyone in Rwanda wanting to try global instruments risk-free while testing order types and different position sizes in real market conditions |
| 🚀Sign up | 👉 Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | FBS Mobile App, MT5, MT4 |
| 📉 Spread Pips | Starting from 0.7 pips (floating) |
| 💰 Minimum Deposit | Matches the underlying account, from $5 |
| 📈 Maximum Leverage | Up to 1:30 for retail, up to 1:500 for professional status |
| 💹 Markets Offered | Shares, metals, indices, crypto, forex, energies |
| 🏆 Best For | Rwandan traders who want a Sharia-compliant setup without losing access to the full range of instruments and account features |
| ✅ Advantages | No overnight swaps on positions, same spreads and execution as retail accounts |
| 🚀Sign up | 👉 Open Account |
Can Rwandans open multiple trading accounts with FBS?
Yes, you can open more than one account to test strategies or use different platforms.
What is the minimum deposit for Rwandan traders at FBS?
The minimum deposit starts from $5, depending on your chosen account type.
FBS Account Opening Process for Rwandan Traders
Registering with FBS lets Rwandan traders trade forex and CFDs from a single retail account. Everything is done via FBS’s website or app, with a short registration and verification process to follow.
Step 1: Start Your Registration
Visit the official FBS website (fbs.com) and click Open Account.
Enter your first and last name, email address, and country (Rwanda) — or register using a social login such as Google or Facebook.
Choose Register as Trader to continue.
Step 2: Verify Your Email
FBS sends a confirmation link to your registered email.
Open the email and click the link to activate your FBS Personal Area.
A temporary password will be generated, which you can change immediately for security.
Step 3: Create Your Trading Account
Choose between a Demo or Live account.
Select your preferred platform (MetaTrader 4 or MetaTrader 5).
Set your account currency (USD or EUR are most common for Rwandan users).
Choose your leverage level — FBS allows up to 1:3000 depending on account type.
Save your account number, trading password, and server details.
Step 4: Complete Identity Verification (KYC)
Upload a clear Rwandan passport, National ID, or driver’s licence for identity verification.
Submit proof of address — such as a bank statement, utility bill, or tax slip issued within the last 3 months.
Accepted file types: JPEG, PNG, BMP, or PDF (up to 5 MB).
Track your verification status directly in the FBS Personal Area.
Step 5: Access via Mobile App (Optional)
Download the FBS app from Google Play, App Store, or Huawei AppGallery.
Sign in using your email and select Rwanda as your country of residence.
Both Demo and Live accounts will be automatically available in the app.
Step 6: Enable Deposits and Start Trading
Confirm your email inside the app or web portal to unlock deposits and withdrawals.
Once verified, fund your account and begin trading forex, CFDs, and commodities.
What is the minimum deposit for Rwandan traders at FBS?
The minimum deposit starts from $5, depending on your chosen account type.
Can Rwandan traders change their account base currency after registration?
No, once your account is opened in USD or EUR, the base currency cannot be changed.
Rwanda Broker Comparison: FBS vs. JustMarkets vs. AvaTrade
| FBS | JustMarkets | AvaTrade | |
| ⚖️ Regulation | IFSC, CySEC, ASIC, FSCA | FSCA, FSC, FSA, CySEC, BVI FSC | BVI FSC, FSCA, FSRA, CBI, CySEC, KNF, ASIC, FSA, FFAJ, ISA |
| 📱 Trading Platform | MT4, MT5, FBS App | MT4, MT5, JustMarkets App, CopyTrading | MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade |
| 💰 Withdrawal Fee | Yes (some methods, eg Visa, Neteller, Skrill) | No | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | $5 | $1 Cent, $10 Standard, $200 Pro/Raw | $100 |
| 📈 Leverage | Up to 1:3000 | Up to 1:3000 | Up to 1:400 |
| 📊 Spread | From 0.7 pips | From 0.0 pips (Raw) | From 0.6 pips Pro |
| 💰 Commissions | None | $3 per side per lot (Raw) | No |
| ✴️ Margin Call/Stop-Out | 40% / 20% | 40% / 20% | 100% / 50% |
| ✴️ Order Execution | Market execution, ~0.01s | Market execution | Market execution |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | Standard, Islamic, Demo | Cent, Standard, Pro, Raw, Copy, Islamic | Standard, Pro, Islamic, Demo |
| ⚖️ CMA/BNR Regulation | No | No | No |
| 💳 RWF Deposits | No | No | No |
| 📊 Rwandan Franc Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/7 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
FBS Rwanda: MT4, MT5 and App Options Explained
FBS’s app, MetaTrader 5, VPS hosting, and MetaTrader 4 each give you different ways to trade, manage funds, and track markets, while matching Rwanda’s practical, tech-friendly approach.
FBS Android/iOS App
The FBS app goes beyond being a simple trading add-on. It brings together account management, verification, market access, and analytics on one app. In Rwanda, where mobile-first usage is the default, it means you can do everything from the app without a desktop platform.
Key Features
- In-app deposits and withdrawals are aligned with global and regional payment systems.
- Real-time account stats, including equity, margin, and floating P&L.
- Instant trade execution with Buy/Sell functions directly from the trade panel.
- Account registration and verification are handled directly in the app.
- Access to over 550 trading instruments across forex, indices, metals, energies, and crypto.
- TradingView charts with 90+ indicators integrated.
- Biometric login for Android and iOS, adding an extra layer of security.
The FBS App is ideal for Rwanda-based traders who rely on mobile money systems daily and want account access, deposits, and trades handled entirely on mobile.
MetaTrader 5
MetaTrader 5 gives Rwandan traders the tools to manage diverse positions, from currency pairs to commodities. It’s not only about more instruments; it’s about the control you gain with integrated calendars, multiple order types, and advanced automation, all in one terminal.
Key Features
- Advanced Expert Advisors with updated logic for automation.
- Hedging support to help you manage risk across multiple positions.
- Integrated Depth of Market view to track liquidity.
- 21 timeframes for precision chart analysis.
- An economic calendar is available on the platform for instant macro event tracking.
- Eight pending order types for flexible trade management.
- 38 built-in indicators with scope for customisation.
MetaTrader 5 is ideal for Rwanda traders expanding beyond currency pairs into indices, shares, and commodities, while wanting built-in analysis and risk controls.
FBS VPS
The FBS VPS provides an independent server environment. In Rwanda, where mobile internet adoption is strong but not always consistent in speed, VPS hosting means your trades execute on an external server without relying on your device’s performance.
Key Features
- Integrated with MT4 and MT5 terminals.
- Supports Expert Advisors with zero downtime.
- Available through the Trader Area under Promotions once requirements are met.
- Secure hosting with encrypted connections.
- Continuous operation without relying on local devices.
- Access from any terminal using login credentials.
- Monthly subscription waived if you trade three lots or more.
The FBS VPS is ideal for Rwanda traders who use automated trading tools and strategies that must run 24/7 without any interruption.
MetaTrader 4
MT4 on FBS is a strong option for Rwandan traders who want tried-and-tested functionality, quick order entry, and compatibility with a vast library of existing indicators and advisors.
Key Features
- Compatibility with thousands of third-party Expert Advisors.
- Lightweight installation that runs across desktop, mobile, and browser versions.
- Alerts and integrated news tab for updates inside the platform.
- One-click order entry directly from the chart.
- Nine chart timeframes for technical analysis.
- 31 built-in indicators ready for customisation.
- MultiTerminal support for traders managing multiple accounts.
MetaTrader 4 is ideal for Rwandan traders who value compatibility with existing tools and want a stable platform that supports multi-account management.
Is the FBS Trader app available for Rwandan mobile users?
Yes, the app is free on Android and iOS and fully functional for Rwandan accounts.
Does FBS offer copy trading for Rwandan traders?
Yes, through the FBS CopyTrade app, users can follow and copy professional traders.
Complete List of Markets You Can Access via FBS in Rwanda
FBS gives traders in Rwanda the chance to trade more than just currency pairs. You can branch into shares linked to African resources, global indices, and even metals that tie back to Rwanda’s own mining profile.
With spreads and leverage built into the platform, the list of instruments is wide enough for you to match trades to your knowledge of Rwanda’s economy and its trading partners.
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Indonesian Traders Should Be Familiar With This Type |
| 📈 Stocks CFD | Trade global company shares as CFDs with access to both African-linked and international names. | TotalEnergies (TTE), Glencore (GLEN), Gold Fields (GFI) | Rwanda’s fuel costs depend heavily on international oil pricing, making TotalEnergies relevant. Glencore and Gold Fields connect directly to Africa’s mining sector, which is comparable to Rwanda’s own mineral exports such as tin and tantalum. These shares let you track resource cycles that influence the region. |
| 🏦 Forex Major & Minor Pairs | Wide access to currency pairs quoted against the USD, EUR, GBP, JPY, and others. | USD/JPY, EUR/JPY, GBP/AUD | Rwanda’s reserves are held mainly in US dollars, and USD crosses matter for liquidity. EUR/JPY is relevant given Rwanda’s aid and trade links with Europe. GBP/AUD helps you follow commodity-driven swings, which often feed back into African economies. |
| 🏦 Forex Exotics | Less common pairs with higher volatility, including African and emerging market currencies. | USD/ZAR, EUR/ZAR, USD/TRY | South Africa is Rwanda’s largest regional trading partner, making Rand crosses such as USD/ZAR and EUR/ZAR important for watching regional risk. USD/TRY also reflects trade and construction ties with Turkish firms active in East Africa. |
| 📊 Indices CFD | Exposure to baskets of leading equities across major regions. | US500 (S&P 500), UK100 (FTSE 100), DE30 (DAX) | Rwanda’s investment flows and aid programmes are tied to Western economies, and indices like the S&P 500 and FTSE 100 serve as global sentiment indicators. The DAX connects to German industrial strength, relevant because of European investment into East Africa. |
| 🛢️ Metals CFD | Precious and industrial metals traded against global currencies. | XAUUSD (Gold vs USD), XAGUSD (Silver vs USD), XAUGBP (Gold vs GBP) | Rwanda exports tin, tungsten, and tantalum, and global metals cycles directly affect national revenue. Gold priced in USD or GBP is especially relevant due to Rwanda’s currency exposure and links with UK and US financial partners. Silver offers a lower-capital way for traders to capture metals volatility. |
| 🛢️ Energies CFD | Oil and gas benchmarks offered as CFDs with leverage and spreads. | Brent (XBRUSD), WTI (XTIUSD), Natural Gas (XNGUSD) | Rwanda imports all petroleum products, and Brent pricing directly impacts transport and inflation. WTI is useful for following US energy market shifts, while Natural Gas is more niche but can appeal to experienced traders watching global commodity volatility. |
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
What Are the Trading Costs With FBS in Rwanda?
If you’re based in Rwanda and considering FBS, the first numbers you’ll want to look at are spreads, swaps, and withdrawal charges.
The spreads are competitive across forex, metals, indices, and shares, overnight financing fees depend on central bank interest rates, and every withdrawal option has a fixed cost.
FBS Trading Fees
Trading fees are the costs you’ll pay while you’re active in the market. With FBS in Rwanda, these mainly show up as spreads and overnight swaps.
Typical Spreads
Spreads with FBS are floating, starting from 0.7 pips for non-EU retail accounts. Below is a table of examples across different markets:
| Asset | Minimal Spread | Typical Spread |
| EURUSD | 0.0000815 | 0.00012 |
| XAUUSD | 0.1999995 | 0.24 |
| XAGUSD | 0.0145295 | 0.026 |
| US100 | 2 | 2.11 |
| XBRUSD | 0.02 | 0.03 |
| XTIUSD | 0.02 | 0.03 |
| XNGUSD | 0.0059995 | 0.008 |
| AMAZON | 0.104569 | 0.14 |
| APPLE | 0.0858335 | 0.11 |
How Do Overnight Fees Work With FBS?
Overnight fees (also called swaps) apply if you hold positions past midnight. These fees are credited or debited depending on the interest rate differential between the currencies or assets in your trade. If the rate works in your favour, you receive a credit; if not, you pay a fee.
FBS also offers a swap-free (Islamic) account option for traders in Rwanda who require it, with a small weekly commission on exotic forex pairs instead of daily swaps.
| Asset | Swap Long | Swap Short |
| EURUSD | -5.46 | 3.07 |
| XAUUSD | -29.9 | 24.91 |
| XAGUSD | -3.8 | 0 |
| US100 | -117.2 | -25.3 |
| XBRUSD | -7.74 | -6.28 |
| XTIUSD | -8.55 | -6.73 |
| XNGUSD | -12.42 | -6.94 |
| AMAZON | -6.85 | -7.85 |
| APPLE | -6.85 | -7.85 |
What Non-Trading Fees Does FBS Charge?
Non-trading fees cover charges outside of the market, such as transferring money in and out of your account. Deposits are free for Rwandan traders. Withdrawals, however, are charged as follows:
- MasterCard (Option 2) – €0.5
- Visa, MasterCard, Maestro (Option 3) – €2
These are fixed fees applied every time you make a withdrawal, regardless of the amount.
Managing Deposits and Withdrawals on FBS Rwanda Accounts
Rwanda’s payment landscape is growing quickly. Visa and Mastercard are widely accepted through local banks, and e-wallet adoption is increasing as more people use digital payment services in addition to mobile money.
While FBS doesn’t yet support direct integration with MTN Mobile Money or Airtel Money for Rwanda, cards and international e-wallets like Sticpay let you manage your funds.
How do deposits work with FBS?
Deposit Methods for Rwandan Traders
| Method | Currency Options | Minimum Deposit | Processing Speed | Limits |
| Visa / Mastercard / Maestro | USD, EUR | From €6 | Instant | Up to €5,000 per transaction |
| Mastercard (standalone option) | USD | From $3 | Instant | Up to $999,999 |
| Sticpay | USD | From $5 | Instant | Up to $50,000 |
How to deposit into an FBS account (Rwanda)
- Log in to your Trader Area and go to Finances → Deposit.
- Choose Bank Card for Visa, Mastercard, or Maestro.
- Choose the account you want to fund.
- Enter the amount and confirm the currency.
- Complete any OTP or verification steps from your bank.
- Submit, and once the card is approved, the funds appear instantly.
- If you prefer Sticpay:
- Select Sticpay from the same Deposit menu.
- Choose the trading account, enter the amount, and confirm.
- You’ll be redirected to Sticpay’s secure page. Log in, approve, and the balance should reflect almost immediately.
How do withdrawals work with FBS?
Withdrawal Methods for Rwandan Traders
| Method | Currency Options | Minimum Withdrawal | Processing Speed | Limits | Commission |
| Visa / Mastercard / Maestro | EUR | From €5 | 15–20 minutes (up to 7 business days depending on the bank) | Up to €5,002 | €2 |
| Mastercard (standalone option) | USD | From $1 | 15–20 minutes (up to 7 business days) | Up to $50,000 | €0.5 |
| Sticpay | USD | From $3 | 15–20 minutes (typically under 48 hours) | Up to $50,000 | 0% |
How to withdraw from an FBS account (Rwanda)
- Log in to your Trader Area and head to Finances → Withdrawal.
- Select Bank Card if you’re using Visa or Mastercard.
- Choose the account to withdraw from.
- Enter the withdrawal amount.
- Upload card images if verification is requested.
- Submit, and expect processing within three to four working days, depending on your bank.
- For Sticpay:
- Choose Sticpay from the Withdrawal menu.
- Choose the account and enter the amount.
- Confirm the request.
- Funds are often released in under an hour, but allow up to two days.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
FBS Rwanda Trader Education and Market Insights
Rwanda trades in Central Africa Time, which lines up neatly with London’s session through most of the year. That overlap is essential when you watch major pairs, gold, or US indices from Kigali, because liquidity and news land while your trading day is wide open.
FBS offers education, analytics, and in-platform guidance on the website and from the platform, including tutorials, glossaries, market calendars, and daily briefings.
| Tool | Description | Purpose for Traders |
| 🧠 Trade Ideas | Frequent, asset-specific trade setups and chart views published by FBS analysts. | Practical setups during London overlap with CAT, suited to Rwanda’s mid-day liquidity. |
| 📲 Trading Calculators | Margin, profit/loss, and currency conversion tools to plan positions across Forex, metals, indices, and more. | Position sizing aligned to Rwanda’s account base currency and leverage, without guesswork before London/US data. |
| 📚 Trading Terms Glossary | A-to-Z financial and platform terms with concise definitions across Forex and CFD topics. | Fast reference when a term pops up in VIP reports during your Kigali trading session. |
| 📊 VIP Analytics | Daily market reports with key events, technical levels, sentiment, and calendar highlights, delivered Monday–Friday. | Timed briefs that match Rwanda’s trading hours, helping preparation before Europe opens and ahead of US releases. |
| 📊 Market Analytics | Ongoing insights across currencies, indices, metals, energies; ideas and levels updated through the week. | Focus on instruments Rwandan traders track most, including gold and US indices during afternoon CAT. |
| 🎓 FBS Academy | Structured lessons, tutorials, psychology, risk management; beginner through advanced pathways. | Stepwise learning that maps to Rwanda’s common progression from Forex majors to metals and indices. |
| ⌚️ Top Trades of the Hour | Live board of anonymised top trades and instruments from FBS clients, refreshed hourly. | Snapshot of what active peers trade while Kigali overlaps London; useful for prioritising watchlists. |
| 🗓️ Economic Calendars | Time-stamped releases with previous/forecast/actual, impact flags, and per-event detail pages. | Event timing aligned with CAT to prepare for London/US prints without missing liquidity windows. |
| 📄 Trader’s Blog | Regular articles spanning strategy, basics, risk, and platform how-tos, with current examples. | Bite-size reading that fits Rwanda’s workday, with ideas to test after the European open. |
| 🧠 Market Insights | Category pages for stocks, metals, currencies, energies highlighting levels and drivers. | Quick scans of markets relevant to Rwanda’s commodity and currency exposure before US session. |
| ⏺️ VPS | Always-on trading environment; protects sessions from power or internet issues, supports EAs; free if monthly lot threshold met. | Stability for Kigali-based traders who hold positions across London–New York without local connection risks. |
What educational tools can beginners in Rwanda access on FBS?
They can access beginner guides, trading lessons, and webinars designed for new traders.
Does FBS offer an economic calendar for Rwandan users?
Yes, FBS provides a global economic calendar with data in Rwandan time (CAT).
Current Bonus Offers From FBS in Rwanda
FBS is no stranger to spotting opportunities in developing markets. Kigali’s financial community is small but ambitious, and with online access to global markets, traders don’t need to rely only on regional exchanges.
One of the biggest offers from FBS is the 100% deposit bonus, and it’s available to Rwandans.
Who can join?
The offer is available to Rwandan clients who register under FBS’s international entity. The main requirements are:
- A live, verified account.
- Full completion of identity checks, including proof of residence.
- Deposits made through approved methods.
- No previous violations of FBS’s bonus terms.
If your account is closed or archived, you forfeit the bonus. The bonus isn’t offered to EU clients, which means that Rwandan residents fall under the eligible category.
What can Rwandans earn?
The structure of the offer means your first deposit is doubled, and subsequent deposits get smaller but still significant boosts. The maximum you can accumulate is $25,000 across all accounts.
| Deposit Amount (USD) | Bonus Percentage | Max Bonus per Deposit |
| First Deposit | 100% | Up to $10,000 |
| $100 – $250 | 10% | $10,000 |
| $250 – $500 | 20% | $10,000 |
| $500 – $1,000 | 30% | $10,000 |
| $1,000 – $2,500 | 40% | $10,000 |
| $2,500 – $5,000 | 50% | $10,000 |
| $5,000+ | 60% | $10,000 |
For example, if you deposit $750, FBS matches that with another $750, giving you $1,500 in trading capital. Keep depositing, and the percentages increase with the amount.
Where’s the catch?
Every promotion has conditions, and this one is no different. Before you deposit, take note of the following:
- The bonus can’t be withdrawn; only profits can.
- Withdrawals reduce your bonus balance by the equivalent amount.
- The bonus is used after your own balance, not before.
- You can’t restore a cancelled or expired bonus, but you can claim again if under the cap.
- Fraud checks apply; multiple accounts, arbitrage, or artificial trading volume will result in disqualification.
- FBS can end the bonus at any time without notice.
- If you withdraw more than the bonus, the bonus is removed.
- The bonus expires if your real funds are lost and your equity drops to the bonus level.
- Inactivity causes forfeiture; if you go 28 days without trading or depositing, the bonus is removed.
- Rollback of deposits or chargebacks results in instant cancellation.
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Partnering With FBS in Rwanda: Affiliate Details
Becoming a partner with FBS in Rwanda is more than an extra income stream. It gives you the chance to introduce trading opportunities to your community while earning commissions in the process.
Whether you live in Kigali or elsewhere in the country, you can build your profile as a recognised partner and benefit from the global reach of FBS.
Partnerships are flexible, and you can join as a CPA affiliate, become an Introducing Broker, or expand into the Multi-Level Programme. Each option offers different earning models and tools so you can choose one that matches your ambitions.
FBS CPA Affiliate
The CPA (Cost Per Acquisition) programme pays you a one-time reward for every new Rwandan client who registers and makes a deposit. It’s designed for those who have a substantial online reach or an audience that trusts their recommendations.
What you can receive as an affiliate:
- A personal manager to support your campaigns.
- Access to banners, widgets, and tracking links.
- Exclusive offers to boost your conversion rates.
- Up to $1,500 per first deposit from a new Rwandan client.
- Payouts tailored to your agreement and sent via your chosen method.
How to join as a Rwandan CPA affiliate:
- Apply through the FBS CPA programme page.
- Share details about how you plan to promote FBS.
- Receive a personalised offer within 24 hours.
- Use the provided materials and links.
- Earn once your audience registers and funds their first account.
Introducing Brokers (IBs) in Rwanda
Introducing Brokers receive ongoing commission based on the trading activity of their referred clients. As an IB in Rwanda, you can earn a percentage of the spread from every trade executed by your referrals.
IB Commissions Table (Rwanda example):
| Grade | EUR/USD (per lot) | GBP/USD (per lot) | Gold XAU/USD (per lot) | Crude Oil XTI/USD (per lot) | % of Spread Earned |
| 1 | $3.48 | $4.64 | $20+ | $9.54 | 30% |
| 3 | $4.17 | $5.57 | $30+ | $11.45 | 36% |
| 6 | $4.98 | $6.65 | $36+ | $13.68 | 43% |
Grades
Grades determine your commission percentage. Your Grade is based on the average commission you’ve earned over the last three months, plus an experience bonus. The higher your Grade, the higher the payout percentage on every trade. Grades are recalculated monthly.
| Grade | EUR/USD (per lot) | GBP/USD (per lot) | Gold XAU/USD (per lot) | Crude Oil XTI/USD (per lot) | % of Spread Earned |
| 1 | 30% | $3.48 | $4.64 | $20+ | $9.54 |
| 2 | 32%–34% | $3.82 | $5.11 | $27+ | $10.50 |
| 3 | 36% | $4.17 | $5.57 | $30+ | $11.45 |
| 4 | 38% | $4.40 | $5.88 | $32+ | $12.09 |
| 5 | 40% | $4.75 | $6.34 | $34+ | $13.04 |
| 6 | 43% | $4.98 | $6.65 | $36+ |
FBS Multi-Level Programme
The Multi-Level Programme is aimed at Rwandans who want to grow beyond direct referrals and build a wider partner network. It allows you to recruit sub-partners and earn from their client base as well.
What you can earn and access:
- 20% commission from your sub-partners’ clients.
- Unlimited growth potential with more sub-partners.
- Daily payouts are available around the clock.
- Free promotional materials tailored to your region.
- Access to a personal manager for guidance.
- Educational resources to train and support your network.
Additional benefits for Rwandans:
- Sub-partners keep 100% of their commissions.
- You receive extra income without needing further investment.
- Long-term retention tools such as rebates help you strengthen loyalty.
Getting Help From FBS as a Rwanda Trader
| Customer Support | AvaTrade Customer Support |
| ⏰Operating Hours | You can reach the FBS support team 24/7 online |
| 🔊Support Languages | English is supported across all channels |
| 👥Live Chat | Available on the FBS website and app |
| ☎️Email Address | General queries are best handled through support@fbs.com |
| 🏆Telephonic Support | Cyprus international number: +357 25313540 |
| 📍The overall quality of FBS Support | Support is available round-the-clock, reliable, and helpful |
| Minimum Deposit: $5 Regulated by: CySEC, FSC, ASIC Leverage: Up to 1:3000 |
Has FBS Won Any Awards?
Yes. FBS has been recognised on a global stage with well over a hundred trophies collected since its early years. Here are the latest awards:
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Trading Conditions | Trust Finance |
| 2025 | Best Client-Centric Broker, Asia | Global Brands Magazine |
| 2025 | Best Forex Broker Asia | World Business Outlook |
| 2025 | Best Forex Customer Service Broker Asia | World Business Outlook |
| 2025 | Best Mobile Trading App Global | UF Awards Global |
Social Responsibility Efforts of FBS
Here are some of FBS’s latest CSR efforts:
- Funded Ramadan meals and festive clothing for 250 children in Indonesia through the Peduli Anak Foundation.
- Donated $10,000 during Ramadan in Malaysia with SUKA Society.
- Backed Project Warisan Holiday Camp in Malaysia, delivering education and development programmes for Indigenous students and parents.
The Bottom Line on FBS Rwanda
FBS makes trading accessible in Rwanda with a $5 entry deposit, Islamic Account conversions, and mobile-first trading options for local traders. You can choose between MT4, MT5, or the FBS app, which are backed by international regulation.
On the positive side, there’s leverage up to 1:3000 (with negative balance protection), quick withdrawals, and several markets tied to the Rwandan economy.
However, on the downside, FBS only offers one retail account, doesn’t support RWF accounts, mobile money deposits/withdrawals haven’t been integrated yet, and there are withdrawal fees.
Overall, FBS is a good option if you want trading opportunities, decent education, and trading tools, given that you’re comfortable with a few trade-offs.
Advantages and Disadvantages of FBS in Rwanda
| 🟢 Pros | 🔴 Cons |
| Leverage up to 1:3000 allows for flexible position sizing | No integration with MTN Mobile Money or Airtel Money for deposits |
| Instant execution speeds support fast market reactions | RWF accounts are not available |
| Islamic swap-free option for Sharia requirements | Local regulation is absent, all oversight is offshore |
| Demo account has a $1,000,000 virtual balance | Withdrawal fees apply to card payments |
| Negative balance protection applies | Education resources are helpful but not tailored to Rwanda specifically |
| Sticpay support gives you an alternative digital funding option |
FBS Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | FBS |
| 📅 Year Founded | 2009 |
| 🏠 Head Office | Belize (global offices) |
| ⚖️ Regulation | ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), IFSC (Belize) |
| 🌎 Accepts Rwandan Clients | Yes |
| ⚖️ Local Rwanda Regulation (CMA / NBR) | No |
| 📂 Account Details | |
| ☪️ Islamic Account Available | Yes (swap-free versions available) |
| 📊 Demo Account Available | Yes |
| 💰 Minimum Deposit | $5 (~RWF 7,200) for Cent / Basic |
| 💵 RWF-Denominated Account | No |
| 📉 Trading Features | |
| 📈 Maximum Leverage | Up to 1:3000 |
| 📊 Typical Spreads | Cent / Micro: ~0.0–0.3 pips; Standard higher |
| 🔄 Swap-Free Accounts | Yes |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes |
| 🛡️ Negative Balance Protection | Yes |
| 📖 Education & Support | |
| 📚 Education for Beginners | Webinars, video tutorials, guides |
| 🗣 Website Languages | English + multiple languages |
| 📞 Dedicated Rwanda Account Manager | No |
| ⏰ Customer Support Hours | 24/5 |
| 🌟 Platforms & Assets | |
| 📊 Trading Platforms | MT4, MT5, FBS Trader app |
| ✔️ Crypto Trading Offered | Yes |
| ✔️ Tradable Assets | Forex, Indices, Commodities, Stocks CFDs, Crypto |
| 🇷🇼 Rwanda-Specific Features | |
| 💵 Local Bank Transfers Supported | Yes (RWF deposit methods via local providers) |
| 💰 Minimum Deposit in RWF Equivalent | $5 (~RWF 7,200) |
| ✅ Leverage Restrictions | Yes (entity rules applied) |
| 💸 Fees & Costs | |
| 🏦 Deposit Fee | No (broker doesn’t charge) |
| 💵 Withdrawal Fee | Typically free (method dependent) |
| ⏳ Inactivity Fee | Yes (applies after long inactivity) |
| 💲 Commission Fee | Minimal commission on ECN / Zero accounts; others spread only |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High |
| 📊 Platform Quality | Strong (MT4/5 + app) |
| 💰 Deposit & Withdrawal Process | Good, local RWF deposit is a plus |
| ✅ Trustworthiness | Moderate-High (well regulated, though no local license) |
| 🚀Sign up | 👉 Open Account |
References Supporting Our FBS Rwanda Review
FBS Rwanda FAQs: 20 Key Answers
Which markets does FBS offer to Rwandan traders?
You can trade forex, stocks, indices, metals, energies, and crypto.
What customer support channels are available in Rwanda?
You can use 24/7 live chat, email, or the international phone line.
Does FBS charge overnight swap or rollover fees?
Yes, swaps apply to positions held overnight, unless you use an Islamic account.
What deposit methods can Rwandans use with FBS?
Visa, Mastercard, Maestro, and Sticpay are available.
Can you access webinars and live sessions through FBS in Rwanda?
Yes, education includes webinars, tutorials, and daily briefings.
Does FBS charge withdrawal fees?
Yes, card withdrawals are charged from €0.5 to €2, while Sticpay is free.
Does FBS support exotic currency pairs?
Yes, pairs like USD/ZAR and EUR/ZAR are included.
Can you switch between MT4 and MT5 on FBS in Rwanda?
Yes, both platforms are available.
What spreads does FBS charge on forex pairs?
Spreads start from 0.7 pips.
Can Rwandan traders use FBS to trade cryptocurrencies?
Yes, crypto CFDs are available.
Does FBS have technical tools like calculators and signals?
Yes, calculators, glossaries, and trade ideas are offered.
What customer support response time can you expect from FBS?
Live chat is instant, and other channels depend on volume but are handled quickly.
Does FBS offer access to global stock CFDs?
Yes, companies like TotalEnergies, Glencore, and Apple are available.
Does FBS support Rwandan franc deposits?
No, accounts are open in USD or EUR.
Does FBS publish local market commentary or analysis for Rwandans?
Yes, market insights and daily reports are published with timing suited to CAT.
Can you use FBS platforms on mobile and desktop in Rwanda?
Yes, the FBS app works on mobile, while MT4 and MT5 work across devices.
How long do withdrawals take with FBS in Rwanda?
Cards take 3–7 business days, while Sticpay is usually processed in under 48 hours.
Does FBS offer demo account tutorials for Rwandans?
Yes, demo accounts are supported with guides and tools to practise trading.
Is there local FBS support in Rwanda?
No, support is handled online and by phone.
Does FBS charge commission fees on Rwandan accounts?
No, accounts are spread-only unless you use Islamic terms on some exotics.