In the field of engineering, time-delay is a typical occurrence. In reality, the inner dynamics of many industrial processes are impacted by delay or after-effect events. This paper discusses the identification of continuous-time fractional order system with unknown time-delay using the bias compensated least squares algorithm. The basic concept is to remove the imposed bias by including a correction term into the least squares estimations. The suggested approach makes a significant contribution by the estimation, iteratively, of fractional order system coefficients as well as the orders and the time-delay using a nonlinear optimization algorithm. The main advantage of this method is to provide a simple and powerful algorithm with good accuracy. The suggest method performances are assessed through two numerical examples.