FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.

Fbs broker review


Cent account: this is the account for beginners or new traders. Why so? The required deposit is only $1.

Top forex bonuses


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.

When you first start trading, you don’t want to put too much money in it because 90% of new brokers lose everything when they begin trading. With only $10, I think you can practice trading in real-life conditions for up to 3 months. The spread is relatively low, only around 1 pip. The order volume is from down to 0.01 lot cent up to 1000 lots. The lower the better because that way you won’t lose too much money. And even better, this type of account does not charge any commission, so you can trade as much as you want without costing a penny. I’m sure that some US or UK brokers are very good in their country, but overseas, they are relatively bad, especially in asian countries like thailand or indonesia. In asia, if traders deposit by their credit cards, their banks will charge them from 1.7 to 4% of their total fund. Having a profit rate at 5% monthly is hard enough and now they have to pay 4% just for depositing? I don’t think so. That’s why it is not wise for thai traders to trade with those US and UK brokers. Therefore, choosing brokers who can offer local payment systems is very important. FBS is great in this field. They offer depositing and withdrawing through almost all local banks and e-wallets in asian countries. Furthermore, what makes FBS really wonderful is their transferring speed. They only come second to exness , the fastest in the market. Transactions at FBS only take from half to an hour to complete through banks, while other brokers can waste you hours or even days.


FBS REVIEW - IS FBS A GOOD FOREX BROKER?


BRKV - FBS is rising as one of the best forex brokers for the asian regions in 2019, especially in thailand and indonesia. So, today I will give an FBS review for new traders who are still struggling to find themselves a suitable forex broker. FBS was founded in 2009. They allow traders to trade up to 35 currency pairs, 4 precious metals, 2 CFD, and cryptocurrencies.


When finding the best brokers, we need to have standards to rate them. These standards are the fundamentals that any brokers who want to become the best should meet. Those are:


Trustworthy trading costs trading conditions local services
regulations low spread good quotes payment system
historical activities low commission trading platforms local offices
low slippages availability
good rebate / bonus
low swap


Now, let’s have an FBS review based on the standards mentioned above. Also, I will compare some aspects of this broker to the top brokers such as exness or XM.

FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Credibility of FBS review


When it comes to credibility, of course I’m talking about regulations. The first and foremost factor used to judge a broker is their regulations. Regulations are the licenses that trusted financial organizations give to a broker to manage that broker. Regulation is the thing that makes sure a broker has to follow a certain set of rules to guarantee traders’ safety. Only big forex brokers can meet the demands of those regulations. FBS is regulated by cysec and IFSC , two of the most trusted regulations. So you can rest assured that you are in safe hands.


Speaking of regulations, there is one thing I think I need forex traders to understand. Some new traders tend to think that the broker who has more regulations is better than those who have less. This is actually a wrong idea. Having many regulations doesn’t mean that broker is better in term of trading. There are two scenarios here. If your country already has a regulation, you should work with broker who has that regulation. You won’t need any other regulations from elsewhere. Your own country’s regulation is enough. FBS has IFSC, a south african regulation, so traders in south africa can be safe when trading with FBS. On the other hand, if your country does not have a regulation, like most asian countries, you should trade with brokers who have at least one trusted regulation, FBS in this case is cysec. Too many regulations will only put more limits on the broker. Regulation is just a signal that lets us know that this broker is decent, reliable, and safe to trade with. A broker only need one trusted regulation.


Trading costs of FBS review


Spread of FBS review


Most traders would love to do business with a low-spread broker. Spread is the difference between the ask price and the bid price of a currency pair. The spread of FBS is only from 0.2 to 1.1 pip which is in the top low spread brokers . And it's spreads are much lower than XM, FXTM, FXCM. CHECK FBS SPREAD -> HERE.


Commission of FBS review


Some brokers charge commissions for income, so does FBS. Based on the type of account, FBS has different commission rates. For the cent and standard accounts, there is no commission. CHECK FBS COMMISSION RATE -> HERE.


Bonuses of FBS review


FBS offers many types of bonuses like deposit bonus, welcome bonus, or loyalty program. They have a bonus with the highest rate ever, up to $100. Their deposit bonus gives back trader 100% of the deposit amount. Also, there is the cashback program, which rebate you $7 for every lot traded. Right now, they are having the $50 bonus. You just need to sign up and $50 will be transferred to your account immediately. CHECK FBS BONUSES -> HERE.


Trading conditions of FBS review


Account types of FBS review


BRKV - FBS offers traders 4 different types of account, which are the regular accounts (cent account, standard account, and fixed spread account) and the ECN account. Each account type has its own features that are suitable for different types of traders.


Cent account: this is the account for beginners or new traders. Why so? The required deposit is only $1. When you first start trading, you don’t want to put too much money in it because 90% of new brokers lose everything when they begin trading. With only $10, I think you can practice trading in real-life conditions for up to 3 months. The spread is relatively low, only around 1 pip. The order volume is from down to 0.01 lot cent up to 1000 lots. The lower the better because that way you won’t lose too much money. And even better, this type of account does not charge any commission, so you can trade as much as you want without costing a penny.


CHECK FBS CENT ACCOUNT NOW.


Standard account: traders with a bit more experience will trade with this account. The minimum deposit is average, at about $100. The spread is better, only around 0.5 pip. The leverage is up to 1:3000, which is pretty high. Higher leverage is better. XM’s standard account leverage is only 1:888. The order volume is from 0.01 to 500 lots. And just like cent account, this account is commission free, which is amazing.


Fixed spread account: it is also called zero spread account. You can tell it by the name. This type of account has no spread. Instead, it charges traders $20 for commission. This is understandable because spread is main income of brokers. If the spread is zero, the broker must charge commission. The minimum deposit for this acco unt is $500. The other features are the same as standard account like the leverage and the order volume.


ECN account: this is the account for experts and long-term traders. The minimum deposit required is $1000, which is pretty high, but the commission are much lower than other brokers ($6). Actually, this commission rate is just as low as that of exness and XM, which is $5 and $6 respectively.


CHECK FBS ECN ACCOUNT NOW.


Payment system of FBS review


I’m sure that some US or UK brokers are very good in their country, but overseas, they are relatively bad, especially in asian countries like thailand or indonesia. In asia, if traders deposit by their credit cards, their banks will charge them from 1.7 to 4% of their total fund. Having a profit rate at 5% monthly is hard enough and now they have to pay 4% just for depositing? I don’t think so. That’s why it is not wise for thai traders to trade with those US and UK brokers. Therefore, choosing brokers who can offer local payment systems is very important. FBS is great in this field. They offer depositing and withdrawing through almost all local banks and e-wallets in asian countries. Furthermore, what makes FBS really wonderful is their transferring speed. They only come second to exness , the fastest in the market. Transactions at FBS only take from half to an hour to complete through banks, while other brokers can waste you hours or even days.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Customer support of FBS review


Customer care is vital in this forex field, because forex is a very complicated subject. Traders are constantly need as much help and support from brokers as possible. That’s why how a broker assist its clients is a standard to evaluate it. FBS supporting team is fantastic in my opinion. They can support clients in english 24/7 on live chat. You can even tell them to call you back. That can show how dedicated they are to customers. For non-english speakers, they have offices in indonesia, malaysia, egypt, thailand, china, korea and myanmar that are always ready to help customers 5 days a week.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Fanara filippo


Hey, I’m fanara filippo. I’m the founder of this site. I'm currently living in bangkok, thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.


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FBS review and tutorial 2021


Go to the brokers list for alternatives


FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.


Trade on nearly 50 leveraged forex pairs.


FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.


History & headlines


FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).


FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.


Trading platforms


FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.


Metatrader 4


MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:



  • One-click execution and copy-trading

  • Expert advisors (EA) service and apis

  • Wide range of technical indicators and charting tools

  • Support for clients using a virtual private server (VPS)


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS metatrader 4


The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.


Metatrader 5


This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:



  • Hedging & netting

  • Market depth view

  • More technical indicators

  • More order types and timeframes


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS metatrader 5


MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.


Markets


Clients can access a wide range of assets for trading:



  • Forex – 28 standard pairs plus 16 exotics

  • Metals – four precious metals

  • Energies – WTI and brent crude oil

  • Stocks (global only) – 40 company shares

  • Indices – four indices including the NASDAQ



Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.


Trading fees


Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.


The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.


FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.


FBS leverage


The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.


FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.


Mobile apps


FBS trader app


The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS mobile app


MT4 & MT5 apps


Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS metatrader mobile trading


Payments


The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.


Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.


Demo account review


FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.


Trading bonuses


FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.


Licensing


FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).


In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.


Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.


Additional features


The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS economic calendar


Copy trading


The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.


Trading accounts


New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.


When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.


Pros and cons


Benefits


Advantages of trading with FBS include:



  • MT4 and MT5 integration

  • Ultra-low minimum deposits

  • Competitive zero-pip spreads

  • Range of promotions & deposit bonuses



Drawbacks


Bad areas flagged in our review include:



  • Fewer account and trading options in the EU

  • Commissions payable on many trade types at the global firm



Trading hours


The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.


Customer support


Customer support is available in english, spanish, portuguese, french, german and italian:



  • Email – info@fbs.Eu

  • Live chat – logo in bottom right

  • Contact number – +357 25313540

  • Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus


Global


Contact options including live chat, callback, and whatsapp are available on the global website.


Trader safety


FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.


FBS verdict


FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.


Accepted countries


FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.


Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.


Where is FBS regulated?


This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).


Is FBS a good broker?


FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.


Does FBS offer any bonuses?


The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.


What is the minimum deposit at FBS?


Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.


What platforms does FBS offer?


FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.


Does the FBS broker have trading on nas100?


Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.



FBS review


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
Trustpilot


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS is a well-established broker since 2009. FBS has headquarters in china, egypt, indonesia, korea (republic of), malaysia and thailand. They are generally well-suited for FBS to provide their forex/CFD trading services to global clients.


This broker has also been regulated by cysec 331/17 and IFSC (belize) IFSC/60/230/TS/12. Simple yet detailed information upon this broker can be seen below.


Company information


Country
china, egypt, indonesia, korea (republic of), malaysia and thailand


Regulation
cysec 331/17
IFSC (belize) IFSC/60/230/TS/12


Features


Islamic accounts available


Account information


This broker offers standart, cent, zero spread, ECN and micro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FBS is up to 1:3000. Meanwhile, you can open an account with a starting capital of $1


If you want to look for further information about this broker's offered account(s), please take a look at the list below.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Minimum deposit $100


Minimum position 0.01 lot


Overnight interest rates (swaps)


Instruments traded


Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex, gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Minimum position 0.01 lot


Overnight interest rates (swaps)


Instruments traded


Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex, gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Minimum deposit $500


Minimum position 0.01 lot


Overnight interest rates (swaps)


Instruments traded


Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex, gold & silver and futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Minimum deposit $1000


Minimum position 0.1 lot


Instruments traded


Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Minimum position 0.01 lot


Instruments traded


Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Payment methods


Fasapay : known as an e-payment for retail forex traders, fasapay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.


Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.


Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.


Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.


FBS also provides payment with credit/debit cards, local bank transfer, perfect money and unionpay


Trading platforms


Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.


Hereby, FBS offers you metatrader 4 (limited with 45 days of inactivity).


Customer support


Do you have any question or find any trouble related to FBS? If you do, you should reach FBS's support to get the information that you need. Here is the detail of the broker's customer support:


Extensive review


Since 2009, the action of FBS holding inc. Or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of most transparent forex broker 2018, best investor education 2017, best customer service broker asia 2016, IB FX program, and many others.


FBS is regulated by IFSC belize and cysec cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.


Trading products offered by FBS brokers range from forex, CFD, precious metal, and stock. For forex trading, cysec-regulated FBS offers leverage up to 1:30 on cent and standard accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS belize.


In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.


Whereas on cent accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent accounts involve a different level of risk. FBS recommends cent accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.


Before plunging into the real forex market, traders can practice with FBS demo account which consists of two types, i.E standard and cent.


FBS uses the metatrader 4 and metatrader 5 platforms. They offer them on windows and mac as well as android and ios mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.


Metatrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.


Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.


To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.


Traders also have the opportunity to develop a side business when trading at FBS brokers, namely as an introducing broker (IB) or affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.


Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.


Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include english, dutch, italian, french, portuguese, indonesian, spanish, and others. Live chat support is also provided 24 hours 7 days a week.


In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.



FBS review


Overview


The company FBS was founded in 2009 and today it’s among the most popular brokers of the world. The company has managed to become the favorite currency trading solution for many traders around the globe.


Details


brokerFBS
website URLwww.Fbs.Com
founded2009
headquartersrussia, st. Petersburg, ul. Professor popov, 37
support number8-800-555-444-2
support typeschat, phone, call back, email
languagesenglish, japanese, turkish, portuguese, korean, german, etc.
Trading platformmetatrader 4, metatrader 5, webtrader
minimum 1st deposit$1
bonusbonus for the first deposit 100%
leverage1:3000
spreadfrom 0 points
free demo account open demo
regulated
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
regulationIFSC (№/60/230/TS/17), cysec (№331/17)
account typesstandard, cents, micro, unlimited, zero spread, ECN
deposit methodscredit/debit cards, bank transfer, skrill, cashu, OKPAY, RBK money, QIWI, FBS master card, neteller, yandex.Money, ru, webmoney, etc.
Withdrawal methodscredit/debit cards, bank transfer, RBK money, QIWI, FBS master card, neteller, yandex.Money, webmoney, etc.
Number of assets40+
types of assetscurrency, metals, CFD, crypto-currency (bitcoin, ethereum, litecoin, dash)
account currencyUSD, EUR
US traders allowed
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
mobile trading
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
overall score9.0/10

Full review


Certainly, as their potential customer, you’d like to learn whether this company’s another fraudster or a serious company, full of impressive features, and which provides a functional trading platform and ensures fast withdrawal of earnings. Your curiosity will be satisfied below.



The FBS brand, which is well-known all over the world today, actually belongs to the organization FBS markets inc., founded in 2009 by combining several successful dealing centers. The broker’s mission can be defined as follows: the creation and implementation of high-quality services in order to maximize the needs of investors. In 2016, more than 2 million traders joined the company. Since that time the number of clients on the platform has drastically grown and the company is still booming. Undoubtedly, in many respects, this speaks to people’s trust in the organization. Today FBS is represented in more than 190 countries around the world. It successfully cooperates with a wide network of partners (approximately 300,000 companies). Up to 7,000,000 traders make use of this platform on a regular basis. The broker works transparently and honestly, and it pays much attention to the professionalism of its employees. One of its indisputable advantages is constant improvement of the services provided. Moreover, the list of available options for trading is lengthened on a regular basis. On FBS’s official website, the broker rightly notes that its platform ensures convenient and easy trading in the foreign exchange market (here you can learn the whole truth about forex).


The company offers a variety of high-quality investment and financial services in europe, asia and the CIS. It has offices in egypt, indonesia, china, malaysia, thailand, etc. The prestigious awards the company has won comments on the internet, including the recommendations of the platform by the clients, testifies to the company’s seriousness liquidity providers as well as custodians of clients’ funds are represented by such serious financial organizations as bank of america, citibank, jpmorgan, goldman sachs, etc. Trading takes place with the help of such reliable and sophisticated software solutions as metatrader 4 and metatrader 5. These platforms have been recognized by traders around the world as the best and most functional because of their excellent functionality. The terminals support the installation of new indicators and advanced trading systems for deep market analysis. They allow the use of pending orders, automatic trading advisers, hedging, scalping, and mobile trading, not to mention the display of the most actual market news. By the way, a convenient trading terminal, webtrader, can be launched in your browser.


Among the advantages of this forex and CFD broker, we note the high speed of execution of orders, the absence of slippage, low spreads and the minimum threshold for entering the market ($1). Additionally, it offers free account insurance. Its clients can receive a plastic card to conduct purchases throughout the world. Different assets (metals, cfds, most popular cryptocurrencies, etc.) are available to the company’s clients. To ensure that trading is a simple and understandable process for users, FBS organizes free seminars for both newcomers and experienced traders, provides high quality materials, profitable forex strategies (learn here how to choose a forex broker), and market analytics. The company has a convenient website, full of useful information. It’s translated into many languages, which makes it more comfortable to work with.


Replenishment and withdrawal of funds


The CFD and forex broker FBS has gained wide popularity in many areas due to a careful and substantial approach to its services. The company has done a lot to make interaction with the site comfortable and profitable. Different payment systems can be used for transactions in the system.


Methods of replenishment /withdrawal of funds include:



  • Bank transfers (visa/mastercard),

  • Electronic payment systems (NETELLER, skrill, perfectmoney, OKPAY, astropay, etc.),

  • Crypto assets (bitcoin, mybitwallet).



The terms of transaction range from 15 minutes to 5 working days, depending on the service that the trader uses.


Complaints about FBS


FBS is a popular broker. It’s actively used by a large number of traders, so you can find a lot of reviews about it on the internet. As for the most positive comments, the clients of the platform note the excellent reputation of the broker, favorable conditions, rapid execution of transactions, the availability of insurance, demo trading, interesting bonuses and contests, as well as adequate spreads, fast and simple withdrawal of earnings without delay (including cryptocurrencies), and qualitative analytical materials.


Some traders recommend the company as one of the best on the market for reliable and stable cooperation with a possibility to earn a decent income. Also, a manager works online on behalf of the organization. He studies the comments of traders and answers their questions, which proves how crucial it is for the broker to be in touch with its clients.


Among the negative aspects, traders point to feedback issues (long wait time for answers from the support service), delays in withdrawal of funds, trade in scalping (slow execution of orders), unprofessional managers and long verification.


If we find complaints about FBS, we will post it on social media. Follow us to be well informed:


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Is FBS a scam?


FBS is an impressive international organization with extensive experience. Today it can be rightly called a leading forex/CFD broker. Representation in more than 190 countries of the world, cooperation with more than 7,000,000 traders in asia, europe, russia, etc. – all of this clearly speaks about the fact that investors trust their money to this market leader. The brand has an active position and many prestigious awards. Offering a variety of unique opportunities and favorable conditions to its clients, the organization doesn’t grow stagnant. It proceeds with its mission: to satisfy the needs of investors, constantly develop, improve services and ensure stable and comfortable trading.


Favorable working conditions are the first thing that traders from all over the world notice on this site. Traders enjoy low spreads from 0.2 points, comfortable leverage up to 1: 1000, fast execution of orders, no slippage and a low entry threshold (from $1). For trading, only up-to-date financial instruments are available: forex, CFD and digital coins (learn here how to quickly earn on crypto assets). A well-built service is the next advantage of the company. Traders appreciate the company’s informative website, a large choice of transaction options, professionalism of the support service, materials provided, and relevant market analysis. The training process is also well organized here: the site materials are constantly updated and free seminars are held, which would be useful to any trader regardless of his or her trading experience.


It’s crucial for a leading broker to offer its clients such attractive options as automatic trading, scalping and hedging. For its users the company has come up with the best solutions: the trading process takes place in the time-tested terminals, highly praised by traders around the world (metatrader 4 and metatrader 5). Of course, the FBS broker needs to do everything to ensure that its clients feel secure while working in the market, so the issue of regulation of the organization is of supreme importance. Today the company has been licensed by serious financial bodies (IFSC, cysec), which increases its credibility in the eyes of users and proves that it’s not a fraudster but rather a reliable and trustworthy trading platform.


The company is quite popular with traders. There are a lot of reviews about it on the internet, and most of them are positive (as a rule, traders praise the company’s high reputation and its extensive experience, favorable conditions, high quality services and many useful options). Of course, there are also negative aspects of the platform, which mainly relate to problems with the withdrawal of capital, unprofessional managers, long verification, etc. Do note that a representative of the organization works online, analyzing the comments of the clients. This proves that it’s important for the company to see the real problems that users of the service face. Of course, you’d like to know whether we should regard FBS as another scam or not. Well, having thoroughly studied the capabilities of the platform, today we can confidently say – no! This decision was influenced by the impressive experience of the company, the constantly growing number of customers, a lot of useful options, the presence of regulation, and highly responsive support managers.


Regulation of FBS


The broker belongs to FBS markets inc. (registration number: 119717). It’s important for the company to provide its users with a reliable working platform, so the issue of regulation is taken very seriously. Today FBS has the licenses of the following financial bodies: IFSC (no./60/230/TS/17), cysec (no. 331/17).


Conclusion


Today the forex/CFD broker FBS is the undisputed leader in the market. It’s a trustworthy international organization with a wide range of work experience, many prestigious awards, and an impressive number of clients all over the world. The constantly growing popularity of the broker can be explained by its thoughtful and high-quality service, the provision of really profitable terms of trade, a rich choice of assets, unique options, and its adherence to regulation. Undoubtedly, all of this attracts new customers to the platform.


On the platform traders can work with the most popular financial instruments – crypto assets (here you can read the whole truth about digital coins), forex, CFD – so a decent income is guaranteed. For high-quality work, traders can use the company’s highly informative website, where they can find analytics as well as training materials. Right now we won’t label FBS as a scam, but we’re waiting for feedback from traders about the platform. This feedback might warn investors aboutt various issues, which might show up on the platform in the future and also impact the company’s rating on our web portal.



FBS review


Review


FBS is a cypriot forex broker owned and operated by tradestone LTD headquartered in limassol, cyprus. The brokerage was founded in 2009 and is regulated by the cyprus securities and exchange commission (cysec), license number 331/17. Since its inception, FBS has received over 40 international recognitions and awards and is home to over 13,000,000 clients. According to the broker, 7,000 new accounts are opened every day and FBS receives and processes one withdrawal request every 20 seconds. 80% of FBS clients remain loyal to the broker and 48% list trading revenues generated at FBS as their prime source of income. As a truly global forex broker, FBS serves clients in 190 countries and expands its market share on a daily basis. The 24/7 customer service team usually responds to requests in less than 30 seconds and speaks multiple languages. Negative balance protection offers another layer of security and protects traders against critical market developments and volatile price swings.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Regulation and security


Tradestone LTD is an investment firm registered in cyprus (company registration number 353534) and is regulated by the cyprus securities and exchange commission (cysec license number 331/17). Cyprus is part of the european union and offers a great mix of regulation and freedom to operate as a global financial firm. Prior to acquiring the cysec license, the firm was offering its services from its belize registered subsidiary and was well known for its aggressive market expansion. Since the acquisition of the license, traders can rest assured that their funds are safe and that the regulator ensures that FBS will comply with the directives of the legislative and regulatory framework.


Since cyprus is a member of the EU, FBS is under the regulatory framework as set out in the markets in financial instruments directive (2004/39/EC) or mifiid. It has been in effect since november of 2007 and aims to create and maintain a high degree of harmonized protection for investors in financial instruments. Mifid II came into effect in january of 2018 and was designed to further strengthen investor protection and increase transparency.


In june of 2015 the EU released its 4 th anti-money laundering directive which represents the most stringent AML legislation across europe. All EU member states have been complicit since june of 2017 and FBS adheres to the rules as outlined in the directive. In addition, FBS is a member of the investor compensation fund (ICF) which ensures eligible retail clients will get reimbursed if their broker fails to comply due to financial difficulties as outlined in the fund.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS generates its revenue primarily from spreads which is the difference between bid and ask prices as well as swap rates charged on holding positions overnight. FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start as low as 1.0 pip and increase depending on the liquidity of the currency pair. The broker offers “swap free islamic accounts” accounts in order to offer their services to muslim traders who are prohibited by their faith to accept or be charged interest.


Forex traders may activate this type of account while other traders can check the exact swap rates from inside their MT4 platform by following these steps:


1. Right-click on the desires symbol in the “market watch” window and select “symbols”.


2. Select the desired currency and then click on “properties” located on the right side.


3. Scroll down until you see “swap long” and “swap short”


In addition, forex traders can use the FBS trading calculator to get full information on a trade before entering it.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


According to FBS, it doesn’t charge traders for deposits or withdrawals which represents an added service to forex traders and reduces the overall cost per trade. This will have a big impact for frequent retail traders as well as professional outlets where costs play an important role.


What can I trade


FBS offers a rather limited selection of assets with only 28 currency pairs and two metals. The contract specification differs for their standard account and their cent account. The overall selection should be viewed as bare minimum and is not adequate for professional clients.


Contract specifications forex standard account


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Contract specifications metal standard account


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Contract specifications forex cent account


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Contract specifications metal standard account


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


The lack of more currency pairs as well as metals is unfortunate, FBS also lacks CFD’s on equity and indexes as well as cryptocurrencies. While it provides the basics for a forex trading account, true diversification cannot be achieved which makes it unsuitable for traders who seek cross-asset trading opportunities.


Account types


FBS extends its limitations to trading accounts where it offers two types, a standard account and a cent account. The main difference between both is the minimum deposit which starts at $/€10 for cent accounts and at $/€100. The minimum spread in both is a floating one which starts at 1.0 pip and the maximum leverage is 1:30. The cent account also comes with a maximum order volume of 5 standard lots (1 standard lot is equal to 100,000 units) where the standard account sees this limit increased to 500 standard lots. The maximum amount of open/pending positions is set at 200 with a starting execution speed of 0.3 seconds.


The cent account is basically an entry level account for new forex traders to get started with micro deposits and best suitable to create and test new strategies, but fairly irrelevant as the standard account has a very small minimum deposit requirement. FBS doesn’t offer special trading conditions to traders with higher balances or more frequent trading activity, a feature which is another unfortunate miss for this forex broker.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Trading platforms


FBS extends its limitation to just the MT4 trading platform for windows, apple macos, android, apple ios and FBS webtrader. While MT4 remains the most used trading platform for forex traders, FBS makes no effort to offer traders something which is not included with the standard operating license for the MT4 trading platform. Many forex brokers don’t even pay for the full license and can obtain their trading platform under a white label partnership through another forex broker at a fraction of the cost.


Popular choices, especially for new traders, such as social trading or copy trading remain absent as FBS once again sticks to its minimalistic approach and offer the bare minimum in order to operate as a forex broker. Features listed are part of the MT4 trading platform and should not be credited to what FBS offers.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Unique features


During the course of this FBS review we found that there were few unique features available to the brokerage’s traders. FBS does very little outside normal operating procedures, but it does those things rather well as evident by the awards the brokerage received.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Research and education


It is nice to note that FBS does offer a range of research, analytics and educational aspects which are beneficial to new traders. The market analytics section is broken down into three parts: forex news, daily market analysis and forex TV. The educational section comes divided into five categories: forex guidebook, tips for traders, webinars, video lessons and glossary.


Forex news


Traders get access to forex news and have the option to filter the articles by commodities, currencies, stocks and economy. Since FBS doesn’t offer CFD trading, the stocks sections appear out of place and more for marketing purposes and SEO than for the benefit of its trader base.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Daily market analysis


The FBS daily market analysis is broken down into technical analysis and fundamental analysis and may offer the best feature this broker offers. Forex traders can easily navigate the research, but the extent of each analysis is rather limited and refined to a few basic aspects of technical analysis summed up in one paragraph. The fundamental analysis is a bit more detailed and offer forex traders basic coverage of key topics.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


The forex TV section is broken down into weekly insights, daily trading plans and webinars and FBS has spent the most attention on this part. It is a great feature and offers forex traders the best service. The weekly insights section may be the most relevant which walks traders through important events as marked in the economic calendar. New traders may find the daily trading plans to be useful, especially if they don’t have their own trading strategy developed yet. It would be nice to see FBS expand their current approach and make better use of technology in order to allow traders to act on what they view.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Forex guidebook


The forex guidebook is filled with educational content and covers the entire spectrum of technical as well as fundamental analysis. New traders will find this course very useful and it is broken down into four sections: beginner, elementary, intermediate and experienced. This may be the most beneficial feature to new traders which is offered by FBS and the perfect starting point for those who are serious about learning how to trade. It is easy to navigate and filled with examples which makes it easy to understand.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Tips for traders


This section is for more advanced forex traders who are in the process of developing their own trading strategy or trying to decide which trading strategy to follow. It is filled with different trading strategies with quick explanations of how to deploy them. FBS could spend a bit more time and effort to describe the strategies more in depth, especially for new traders to get a better picture of what each strategy is about.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Forex webinars


Webinars have gained in popularity and more forex brokers are using them in order to engage with their traders. FBS offers free webinars, but registration is required in order to participate. It appears that FBS attempts to how one webinar every two weeks, but this could be subject to change at the discretion of the broker.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Video lessons


FBS has made an effort to create interesting video lessons which are broken down into different categories. The lessons can be multi-part and are divided in FBS related topics such as account opening tutorials, general forex topics which touch on basic aspects of trading and MT4 tutorials. Overall this is a rather well-rounded offer to forex traders and was a welcome find during this FBS review.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


A glossary can be accessed from the FBS website and while some trader may revert to it in order to get clarity on certain terms, most traders are unlikely to use it as they find their information online and faster.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Customer support


Customer service is not something most traders will ever use, but FBS has a multi-lingual support staff available 24/7. Since the forex market is closed on weekends, it is unclear why support staff would be available or if it indeed is. E-mail support certainly remains available at all times.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Bonuses and promotions


The cysec regulated branch of FBS doesn’t offer any special bonuses or promotions to traders in keeping with regulatory policy.


Opening an account


Forex traders should be able to open an account online in a few simple steps which has become the norm in today’s forex industry. The regular verification documents are required and FBS needs to satisfy AML and KYC requirements as mandated by its regulator cysec. The registration part should only require a few moments before traders can access their back-office from where further documents can be uploaded.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Deposits and withdrawals


When it comes to deposit and withdrawal options, once again FBS sticks to the basics. Forex traders have the choice of credit cards, bank wires and skrill or neteller which are both regulated in the EU. All deposit fees are waived which is standard industry practice and the deposit time is listed as instant with the exception of wire transfers.


Withdrawal options are the same as deposit options and forex traders are required to request a withdrawal with the same method the deposit was conducted. This is also common practice in the forex market. The positive for FBS is that they also waive all withdrawal fees, but forex traders may still face charged by the payment processor. Withdrawal requests for credit cards are handled the same business day, bank wires within 48 hours and skrill or neteller requests between 15-20 minutes with a maximum of 48 hours.



FBS review: is FBS A scam? No, but it’s not worth it!


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


If you’re interested in the stock market and foreign exchange as a way to make money online then you’ve probably come across FBS and maybe you’re interested in trying the platform out or still on the fence because you’re unsure if it’s legit or just another scam.


So I did a lot of research and this review is about what I found out about FBS. I suggest you read on to know more about what you’re about to get yourself into. After this review, you’ll be able to make a better judgment about whether to try FBS out or not.


By the end of this review you’ll know:



  • A background on FBS

  • How it works

  • What tools FBS offer

  • The pros and cons

  • If it’s A scam

  • And lots more



FBS review in A nutshell

FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Product description: international brokerage company


FBS is a forex company that operates in more than 190 countries. It claims to have 410,000 partners and 15,000,000 traders. FBS offers seminars and events that provide training materials and trading technologies. They claim to cater to both beginner and professional traders.


Overall, I’d say FBS is legit but there are a few some red flags you should know about.


Overall


  • Lots of tools

  • Cheap capital




  • No info on who runs it

  • Doesn't operate in large markets because of legal restrictions



User review

Wanna make money online but sick of scams?



What is FBS exactly?


FBS prides itself to be an award-winning international forex broker since 2009. FBS started in belize and later on expanded to cyprus then to other parts of the world.


Want more idea about what forex is? Here's a helpful explainer video:



Most of the international awards they received are about recognizing them as a transparent broker with some of the best levels of customer service.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


One thing I can tell you is that award committees do not easily give out recognition without doing a lot of research. I must say, FBS passed the legitimacy test with flying colours here.


FBS is also regulated by european financial authorities making them a legitimate forex trading company. (I’ll give you more details about these licenses later on)


Although the claim to be partnering with FC barcelona adds to their credibility, the lack of information on who runs it doesn’t sit well with me. I mean come on, if I join a company, I’d like to know who’s behind it to make sure he’s not just another scammer and that what I’ve read are not just hyped-up claims that will fail to materialise.


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How does FBS work?


First, you make an account by clicking “open live account”. After entering your information, click the “open an account” button. A single mission password will then be emailed to you to verify.


Although FBS offers a total of 6 account types internationally, EU clients are only offered the standard account.


This tells me that the other account offers don’t go in line with EU financial regulations. So to avoid losing their license, they just offered that one account.


Here’s a list of the account types FBS offers:



  • Cent account – this is designed for tyro traders (beginners) who’d like to try their skills with live trading. This starts with a $1 opening balance.

  • Micro account – this is designed for traders who want to calculate their exact profit. This starts with a $5 opening balance.

  • Standard account – this is designed to be the regular account. This starts with a $100 opening balance, for EU clients thought the opening balance is €100.

  • Zero spread account – this is designed for fast speed traders.

  • ECN account – this is for traders who want to experience ECN technology.



To test the waters, FBS also offers a:



  • Demo account – this is designed to allow a trader to simulate the actual trading platforms minus the risks for free. This kind of account is filled with virtual funds of up to one million dollars.



In my opinion, they offer these various trading accounts to cater to the needs of different kinds of traders, so there’s an account for everyone and fewer reasons not to try it out.


FBS is an international company BUT is not available to traders in japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran. That’s a major red flag to me there. These countries have great market potential but FBS is not available for them.


Here’s what I think the reason is:


Japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran have tighter financial regulations and may have already seen this might create issues. The trouble could be in the system itself or in obtaining the necessary licenses.


Whatever the case, I think they are evading these countries for legal restrictions. And I know restrictions are made to prevent fraud.


FBS trading platforms


FBS uses MT4 and MT5, products of metaquotes software corporation, a company that specializes in developing trading systems.


MT4 was developed in 2004 and MT5, its updated version was developed in 2010. The 2 platforms basically look alike. The only difference is that because MT5 is more recent than MT4, so it offers more features.


Both these platforms can be accessed using windows and MAC computers.


How about for other gadgets?


This is also available as an app. That's a big thumbs up for FBS.


They also have an FBS copytrade platform; a social platform that allows traders to copy expert traders’ strategy for a commission. This will be really helpful for those who don’t know all the ins and outs of forex trading.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Other FBS tools


1. Personal area mobile app


It allows a trader to access his demo and real accounts, managing them all in one place. From this app, you can manage your personal profile and add or withdraw funds from those accounts.


Makes things more convenient, great to know!


2. Economic calendar


You can find this at the MT5 platform or on the FBS markets website. It shows the time and date of events that impact the forex market. You can then use this to make analyses and calculated forecasts.


3. Currency converter


This can help a trader who has a different currency from the trading instrument. You can then use this tool to convert currencies based on prevailing rates.


4. Trader’s calculator


This can help you estimate potential profits in a specific trade.


5. Forex news


The news is grouped into categories to help you check when the best time to trade is.


6. Forex TV


Allows you to access weekly marketing insights giving you a better picture of the trading status.


What I like about FBS



  • Lots of tools to help make a good trade

  • Low capital required to open an account


What I don’t like about FBS



  • No info on who runs it

  • It doesn't operate in large markets because of legal restrictions


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Is FBS A scam?


Although I’ve mentioned a few red flags, I’d still say FBS is legit and here’s why:



  • FBS market inc. Has the registration number: 119717

  • IFSC regulates it and gives it the authority to operate with the registration number: IFSC/60/230/TS/19

  • FBS.Eu is the european branch of the company. Trade stone ltd is its operator, an investment firm in limassol cyprus. Cysec regulates and gives it authority to operate with the registration number: 331/17

  • As a regulatory directive, FBS keeps the traders’ funds in a different bank account and claims that is it now used for company operations. The good thing with this is even if a broker becomes bankrupt, trader’s investments are safe.

  • EU clients are protected by the ICF. This means that if FBS collapses, investors can receive up to €20,000 as compensation.

  • As protection against fraudsters, FBS implemented standard digital security which involves encrypting its website and platforms with SSL.



When a company goes the extra mile to obtain these licenses and security measures, I’d say they’re legit, because if they were not, they’d be behind bars in an instant.


Other than that, they’ve been operating for 11 years, I’d say that much history won’t be possible if they were just scams.


But here’s the thing: even if I believe that they’re legit, I’d still not recommend it to you. Legitimacy doesn’t erase the inherent risk that comes with forex.


The bottom line


Overall I’m pretty impressed with FBS's platforms and history. Plus I put them in the legit list because of the licenses they obtained.


But like what I’ve said earlier, I still won’t recommend it to you.


If I’d give you a bit of advice on how to make money online the legit way, I’d avoid anything that comes with a lot of risk like forex.


As always with these programs, there's a lot of hype around how much you can make, but they don’t say anything about how much you could lose.


The risk warning down at the bottom of the website is just another way of saying there’s no guarantee you can earn from this.


Remember, forex’s last name is risk. Forisk.


A wayyyy better opportunity to make money online is through affiliate marketing.


It’s legit minus the risk forisk comes with. (I’m getting used to that word now!)


With affiliate marketing, you can start from scratch and learn from their training platforms. Not just that, affiliate experts will offer to coach you when needed.


Affiliate marketing also equips you with the tools to build a solid and legit business.


And you can test the waters out for free. If you want to know more about affiliate marketing, check out this link.


And if you want to start building your business, discover how wealthy affiliate can help you with that.


How I make A living online?


After years of working in call centres I finally figured out how to create a 5-figure monthly passive income stream and become financially free.


Thanks to the right training and a lot of hard work I kissed my old boss goodbye and booked a one way ticket to thailand.


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FBS broker review 2021 – all the facts


FBS broker review 2021 – all the facts


Overview



FBS broker review 2020


FBS is an international broker with a broad presence in over 190 countries of the world. Its technologically advanced platform provides exceptional trading services to 15,000,000 traders and 410,000 partners devoted to propelling the brand.


FBS has a reputation for being a customer-centric organization with an unswerving support system and goal to satisfy its clients.


Users stick with FBS due to its commitment in investors training and development, periodic loyalty & reward programs, seminars, webinars and a variety of resource materials available to its diverse clients.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Achievements


Founded in 2009, FBS has a long list of notable international awards. A few of these awards are:



  • Best forex brand

  • Best forex broker asia-2018

  • Best investor education – 2017

  • Best FX IB program – china 2017

  • The most progressive forex broker europe 2019

  • Best forex broker vietnam 2019 and more.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Statistics


FBS broker has a positive reputation for its easy-to-use platform which allows it have a high trader retention rate. 48% of its traders say “trading with FBS has been their main source of income”. These remarkable testimonials of course keeps 80% of its traders for life.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Regulation


FBS markets inc is regulated by IFSC, license-IFSC/60/230/TS/19. FBS however, has some limitations in geography.


FBS broker servicers are available in all countries except:



  • Japan

  • USA

  • Canada

  • UK

  • Myanmar

  • Brazil

  • Malaysia

  • Israel

  • The islamic republic of iran



Tradable assets


Forex + exotics – 35


Metals – 4


CFD – 3


Stocks – 33


Cryptocurrencies – not available


Minimum deposit


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


The minimum account deposit with FBS starts at $1 for the cent account which is suitable for those starting out with forex. The micro, standard, zero spread and ECN accounts starts from $5, $100, $500 and $1000 respectively.


Trading accounts


Demo account


A demo account with FBS opens you to a world of learning opportunities.


What to expect trading an FBS demo account


  • Trade risk free – the money you’re trading with on a demo account is virtual

  • Access the markets and practice trading under real market conditions

  • Experiment with different trading strategies and put them to the test

  • Become familiar with the MT4, MT5 and FBS trader.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.

Standard account


This account is for experienced market traders aiming to expand their trading prowess. This account can however be opened by newbie traders who can learn fast and have the determination to succeed.


With a minimum deposit of $100 and a leverage size of 1:3000, returns can be maximized with proper risk management. The standard account offers a floating spread of 0.5 pips and an order volume of up to 500 lots.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Cent account


Perfect for beginners, the cent account’s minimum is $1. A leverage of 1:1000 and a floating spread of 1 pip. For minimal risk, the cent account is a good place to start with a maximum order volume of 1000 cent lots. Note that account balances appear in cents.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Micro account


This is an upgrade from the cent account, the micro account starts with a minimum of $5 and a fixed spread from 3 pips. This account is ideal for high and precise profit calculation with a leverage size of 1:3000. Order volume for the micro account is 0.01 to 500 lots.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Zero spread account


If speed and faster execution of trades matter to you, then the zero spread account should be your zone. With commissions from $20/lot and a fixed spread of $0 pip, the zero spread account enables you do more in less time. With an opening balance of $500 and a maximum order volume of 500 lots, this may be the next upgrade you need from a micro account.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


ECN account


To enjoy the full power of trading with ECN technologies, the ECN account is a decent choice. There are no trading limits with the ECN, the maximum allowable leverage is 1:500.


With a low commission rate of $6 and a floating spread if -1 pip, the dynamics are excellent for professional traders. Opening balance for the FBS ECN account starts at $1000.


The downside to the ECN is that it does not support islamic swap free account features and only 25 currency pairs to trade this account.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Islamic account


All account types except the ECN supports swap free trading and as such, traders who choose to open this account can benefit from same features as others. To open an islamic account, contact customer service after opening any other type of account asides the ECN.


Copytrader for investors


If you don’t have the time to trade, you can let skilled traders do the work for you. The copytrade service is designed for social trading. After opening an account or using an existing account, pick a trader of your choice which you have reviewed his/her stats then copy their trades.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Copytrader for traders


As a skilled trader, others traders and investors can copy your trades while you make money in a percentage revenue sharing formula you have agreed with the copiers. This is obviously a way to profit from your skills and make additional revenue. To access this service, open an FBS account of your choice or use an existing one. Switch to the copy parameters and have others copy you.


Follow these steps


1. Open a trading account or use an existing one


Choose an account type that suits your trading style or start right away with an existing account


2. Go to the account page


Go to your personal area and choose an account you’d like to allow for copying


3. Switch on the copy parameters


Click on the “start earning with copytrade” in your trading account settings and set up your profile.


To let people copy your deals, make sure the following is valid:
– the balance is $100 or more
– your account is verified


4. Trade and get a fixed 5% monetary reward


Hit the “start” button and get your monetary reward.


Languages


FBS provides support in over 18 languages including, english, french, spanish, german, arabic, portuguese, zulu, vietnamese, thai, malay, indonesian, chinese and more.


Currency pairs


Currencies are divided into two main sorts – major currencies and minor ones. The major currencies are derived from the most powerful economies around the globe – the US, japan, the UK, the euro zone, canada, australia, switzerland and new zealand. Together with the other currencies they create forex pairs.


FBS offers 35 currency pairs to trade. Cryptocurrencies are not available on the platform.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Max leverage & spread


Leverage


Leverage depends on your account type, from1:50 to 1:3000.


Spread



  • Floating, starting from 0.2 pip;

  • Fixed, starting from 3 pip;

  • Trading without spread (fixed spread of 0 pip).


Deposit & withdrawals


Depositing methods


FBS provide 7 deposit methods to fund your account. Choose a payment method most convenient for you.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Withdrawal methods


FBS provide 6 deposit methods to fund your account, the use of local exchangers is excluded. Choose a payment method most convenient for you.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Trading platform


Metatrader 4 (MT4)


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Platform features – MT4



  • More than 41 tools: currency pairs, CFD and futures

  • The same login data to enter all the platforms

  • Low spreads

  • Full functional expert advisors (EA)

  • One-click trading and embedded news

  • Available on: android, apple IOS, windows, web, macos, multiterminal.


Metatrader 5 (MT5)


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Platform features – MT5



  • Technical analysis tools: 50 indicators and charting tools

  • 3 types of charts

  • Micro-lot accounts (optional)

  • Hedging positions

  • VPS service support

  • Available on: android, apple IOS, windows, web, macos.


FBS trader


The FBS trader is a good as the mts with cutting edge features. Execution speed, access to trade over 50 currency pairs with the best conditions, detailed information on contact type, order volume, current ask & bid price, take profit and stop loss information. This option is great to get started with. The downside is that it is only available on android and apple IOS only.


Technical analysis


FBS market analysis is fairly robust, spanning across,


Tutorial videos and webinars


Forex trading strategies


Forex trading calculators and tools.


Personal account manager


With an effective customer support 24/7, personal account managers are not assigned to trading accounts. You however can get answers quickly to questions via live chat and callback options.


If your question is much more specific, you can email support or contact FBS via live chat.


Training and education


With a well-developed training suite for learning, FBS clients have a bucketful of valid and up-to-date market information. Online resources include tutorial videos, guides, forex TV, seminars & webinars, ebooks and more.


Forex trading signals


As a client, you’re granted free access to daily trade signals and ideas on your favorite currency pairs and the market generally. Entry, exit points and stop loss levels are precisely spelt out. This is why half of FBS investors double their initial deposit 8-10 times over.


Social trading


Enjoy the same profits as the professional traders and make your money work for you. Open an account and start copying the top traders on the platform, when they make profit, you make profit as well.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


Final thoughts


With a solid reputation and remarkable feats attained in the last decade, FBS is no doubt a market leader in the forex trading and investment business. With its numerous outstanding awards and positive investor reviews, FBS is a broker with great future prospects. It however needs to expand into newer regions especially the top tier countries.


Pros & cons



  • Cent & micro account starts at $1 and $5 respectively.

  • IFSC license.

  • Multiple account features to suit a variety of traders.

  • Trading platforms – MT4, MT5, FBS trader.

  • Innovative technology and cutting-edge trading features.

  • High leverage position from 1:50 – 1:3000.

  • Spread from 0.2 pips, no requotes.

  • No commissions except the ECN account ($6).

  • 100% deposit bonus on funding.

  • Clarity on all trading account features.

  • Excellent copy trading system.

  • Responsive customer support 24/7.




  • Trading of cryptocurrencies, not available.

  • Limited by geography. USA, UK, canada, japan, israel, myanmar, brazil, malaysia excluded.

  • High spread on cent account.




FBS broker review – A forex broker with unique features


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS broker review

FBS is a forex broker with a wide range of account options and features. FBS has the trade world buzzing with a large following. Is FBS the right broker for you? Read our review to learn more.


About FBS


FBS has been active as a forex broker since 2009. In that decade, they have amassed one of the largest followings of active traders in the industry. With more than 12 million active traders across the globe, they have also extended a wide range of trading markets and products to their traders.


The company is based and regulated in belize by the IFSC, one of the emerging markets in terms of quality financial oversight. The broker continues to grow, forging partnerships in many of the 190 countries they provide service. This makes them one of the most recognizable names in the forex broker industry.


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS account opening


FBS provide five primary account types for traders. These are suitable for any type of trader with each featuring variable minimum deposits and ranges of attributes which appeal to all levels of trader. The available account types are cent, micro, standard, zero-spread, and ECN accounts. When comparing top brokers , this is quite an extensive range of options to choose from.


Minimum deposit


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


The minimum deposit required to start trading with FBS ranges from $1 to $1,000 depending upon the account type you choose. The levels of minimum deposit are $1, $5, $100, $500, and $1,000 for cent, micro, standard, zero-spread, and ECN accounts respectively.


Availability and ease of opening


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


FBS are a global broker, and they do offer services to most nations in the world. That said, there are a few exceptions. These exceptions apply to the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran.


Opening an FBS demo account is a very straight-forward experience. Simply provide a few of your most basic personal details and you will be directed to choose the type of demo account you wish to open. From here you are free to trade virtually, in conditions which replicate those of live trading.


Opening an FBS live account is similarly easy. The same details are required and you can start trading for real. In order to have a fully functional account, and be eligible for your bonus, you will need to verify your account by uploading your proof of ID and residence. This is usually approved very quickly.


Product offerings


FBS offers trading across a wide range of markets to facilitate all the needs of its various traders. This includes offering 35 forex currency pairs. These pairs include major, minor, and exotic offerings. In other areas, FBS offers 11 cfds in metals, commodities, and other markets. This includes trading in 4 major cryptocurrencies. CFD stock trading is also facilitated through the provision of 33 stocks for trading.


Although every market is covered, the range of products available within each market is quite limited for a broker of their size.


FBS broker commissions and fees


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


When it comes to commission and fees, again FBS presents the trader with a number of choices. Three of their account types operate on a commission-free basis, although these accounts will typically feature larger spreads.


Floating spreads are available on the account from 0.5 pips, whilst the zero-spread account features fixed spreads at 0 pips, though commission does start from $20 per currency lot traded. An ECN account presents the most competitive floating spreads from -1 pips and a commission of $6 per side, per lot, although the minimum deposit is substantially higher.


Non-trading fees


The broker charges relatively few non-trading fees. This means there is no inactivity fee, and they also reimburse any deposit fees incurred. There are also no fees on withdrawals. Swap fees are charged. These vary depending on a number of factors, and more information is available direct from the broker here. Islamic, swap-free accounts are available upon request for those who require them.


FBS platforms and tools


FBS stick with the well-known and respected options of metatrader trading platforms. This includes the many variations of both MT4 and MT5 which have proven popular with most new and experienced traders in the sector.


Desktop platform


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


MT4 and MT5 are offered as desktop trading options through FBS on both windows and MAC. These platforms, though rudimentary in appearance, are a well known quantity in what they deliver. This is, fast, effective, and professional trading. Both platforms are visually streamlined to provide for a more effective trading experience.


Navigating these platforms is a very intuitive and customizable experience. Past users will instantly recognize the central window displaying the chosen charts in detail, flanked to the left by a handy chart watch list of the most popular markets and how they are trending.


Options are also available to apply automated trading and access signal services as well as the latest live news. The experience is highly customizable, with MT4 as always offering by far the greatest number of technical indicators and charting tools. All of these can be instantly applied to any market chart of your choosing with great precision.


FBS also features MT4 and MT5 web trader as a more visually appealing, easy to access platform right in your browser. This again provides for much of the same powerful charting and trading capabilities of its desktop counterpart.


Mobile trading platform


The MT4 ios and android application is available for FBS traders. This utilizes all the major features of the desktop platforms in a more accessible manner to facilitate professional trading on the move.


The platform is easily accessible and provides all of the required fundamental data in a fast loading, durable application which can be used across any broker who partner with MT4 mobile. The mobile platform provides more technical indicator and more powerful charting capability than most other mobile trading platforms in the industry, and is widely utilized for its ease and accessibility.


Education and research


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.


In terms of education and research, FBS provides a range of quality options for further learning in the sector. This primarily consists of utilizing their own in-house blog guides, videos, webinars, and trading tips. These are tailored specifically dependent on trader levels from beginner to advanced. This is an ideal environment for traders who wish to progress their education in the sector.


On the research front, FBS again uses its in-house team for most of their research tools. This includes video-analysis, trading plans, an economic calendar, and up to date market analysis data. This is more than sufficient although some traders may feel that it lacks the depth required to be insightful.


FBS differentiators


FBS has a wealth of experience in the industry to its credit. This puts it well in tune with the needs of traders. With so many account options available and easy to open, FBS represents the ideal starting point particularly for those who would like to trade within lower limits. This is something which is not frequently offered through many other brokers. FBS is also generous in its rewards. There are a variety of bonuses available. Again, this is something which being regulated in belize helps to facilitate.


Customer service


FBS customer service is available on a round the clock basis. They are contactable through email; the website based live chat function, or their dedicated call-back service. Simply input your phone number, and desired time of contact, and an agent will call you back.


In the experience of many traders, these services have been both prompt and helpful.


FBS trustworthiness


Trust is an area which is of vital importance to traders considering opening an account with FBS. From the outset, it is important to note that FBS appear as highly trustworthy, and complaint with all the regulations set forth by the IFSC .


This compliance, combined with the sheer size of their global operation, and the fact they have been established for over a decade in the industry to great acclaim, all lend positively to their levels of trust as a broker.


The only understandable point of concern is the fact that after so many years of operation, the broker chooses to be regulated only by the IFSC in belize, and retain its operational bases offshore. This could be a concern to some traders who prefer the more firm and established regulation of cysec or ASIC.


Conclusion


Overall, FBS have demonstrated their ability to attract a huge amount of traders thanks to their high levels of professionalism and the competitiveness of their offerings. This growth and experience in the sector has positioned them well as a major broker to continue expanding upon their markets and attracting even more traders.


While there would certainly be some areas which traders may like to see changed, or improved, such as increased regulation, these are things which also enable the broker to offer very high leverage and some of the lowest spreads in the industry.



A factual FBS review for retail forex traders



  • Website: www.Fbs.Com

  • Myanmar: +951 651135
    philippines: +632.632.7634
    tunisia: +216 52 925 626

  • Office address:

  • No. 414, 9th street, thamine (1) ward,

  • Mayangone township,

  • Yangon



FBS, or financial brokerage services, is predominantly an asian forex broker that has its offices in china, malaysia, philippines, indonesia, jordan, vietnam, and russia. The IFSC in belize is the primary regulatory organization that regulates all the financial components of the company. FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as the CFTC, NFA, FCA, ASIC, and cysec. Belize is a tax haven, and the regulatory guidelines of IFSC are still under debate as to whether it can be compared to the more established and highly reputed international regulatory organizations.
FBS was initially based out of russia and started its FX operations in 2009. The broker claims to have more than 700,000 clients from 120 different countries across the world. Although that might be an accurate representation of the reach of the broker by modern standards, the reality lies in the fact that the broker does not have any traders from the US, and the lack of EU regulation also prevents the broker from actively promoting their services in the euro zone. However, despite all the confusion surrounding the regulatory status, the broker has indeed managed to receive numerous awards and recognitions for their services. The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.


FBS trading account features at A glance



  • Minimum deposit of $1

  • Maximum FBS leverage of 1:3000

  • Five different types of accounts

  • FBS spreads starting from 0 pip

  • ECN account offered with tight spreads and a commission per lot

  • Full range of payment options

  • Trading instruments include 32 currencies and two metals

  • MT4 & MT5 trading platform


One the main reasons why traders choose FBS is due to the very low barrier to enter the markets, as the minimum deposit required for an FBS account is $1. There are two types of accounts available for smaller traders, which include the cent and the micro accounts. The cent account starts at $1 deposit, while the micro account starts at $5 deposit. The cent account also has very tight spreads starting from 1 pip, and the micro account has fixed spreads starting from 3 pips. The maximum leverage offered is different for both accounts, as the cent account has a maximum leverage of 1:1000 and the micro account has a maximum leverage of 1:3000.


The cent account is certainly the more attractive proposition here due to the reduced cost of trading, as on the contrary, the micro account spread of 3 pips is immensely higher than the average micro account. Traders with a higher deposit of $100 can take advantage of a standard account that has all the features of the micro account albeit with tighter spreads of 1 pip.


The ECN account is offered as a zero spread account, which allows traders to enjoy up to 0 pips in spreads at the cost of a commission of $20 per lot. The minimum deposit required for the ECN account is $500, while the leverage is set at a maximum of 1:3000. The final type of trading account is the unlimited account that is usually reserved for institutional and professional traders, which offers a maximum leverage of 1:500 along with floating spreads starting from 0.2 pips. There is no commission for the unlimited account, and the initial deposit starts from $500. The unlimited account is the best type of FBS account due to its favorable trading conditions, lower cost of trading, comparatively lower leverage, and high speed of trade execution.
FBS utilizes the MT4 and MT5 trading platforms for accessing the FX markets on both desktop and mobile devices. The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results. The FBS mobile platforms are available as downloadable MT4 apps on the itunes and google play stores, while traders can also use the MT4 web trader for browser-related trading requirements.


How does FBS treat their clients?


FBS REVIEW - IS FBS A GOOD FOREX BROKER, fbs broker review.
FBS customer support is available in 18 different languages and is designed to offer the most comprehensive support to clients from a majority of asian, european, and middle eastern clients. The live chat feature is an excellent feature to get immediate assistance, and official correspondence can be made through emails or phone calls.
Unlimited account holders also enjoy SWAP-free accounts, which is a great feature for long-term traders who hold on to overnight trades. FBS account can help in reducing the cost of trading to a great extent, which is indeed one of the most significant advantages of FBS.
One of the other perceived benefits of FBS is the availability of a 100% deposit bonus, which is offered for all traders opening a new account making their first deposit. The FBS bonus is certainly not preferred, as a majority of negative FBS reviews are due to the conflicts arising between traders and FBS over withdrawal issues. Brokers only offer a bonus if traders are willing to accept their terms and conditions, and it is often difficult to satisfy these trading conditions before making a withdrawal of the initial invested amount.
The maximum leverage also plays negatively to the company’s strength, the 1:3000 leverage is indeed the highest offered by any broker in the industry. Novice and even experienced traders are susceptible to the risks of higher leverage, as a huge margin of 1:3000 can wipe out the investment with just a 3 pip move. Considering that the starting spread for the micro account is 3 pips, it is easy to understand how a trader can face a margin call for initial deposits as low as $5. The high leverage is also another factor that contributes to the overall negative image of the company.
On the other hand, if used wisely, both leverage, as well as lower spreads, can work remarkably in the trader’s favor. Profitable FX trading is dependent on striking the perfect balance between all the different tools of the trade, and if done carefully, FBS offers the best resources for making consistent profits in the forex markets.


Is FBS regulated?


Yes, our review of FBS found that the broker is regulated and licensed by cysec, which ensures regular reporting, transparency, and fairness for EU clients. For those trading outside the EU, it is regulated by the international financial services commission of belize (IFSC).


Can you withdraw FBS bonus?


Yes, if you are trading from a country that allows a bonus from FBS, it can be withdrawn after two lots are traded and profit reaches $25. To withdraw, proper account registration and verification is required too. This means supplying FBS with proof of identification and address.


What is FBS account?


FBS offers two live trading accounts (standard and cent) and two demo account types (standard and cent). There are zero commissions on trades, leverage of up to 1:30, and spread starting from 1 pip. Standard accounts are available with a €100 initial deposit, whilst cent accounts start from €10. Swap-free accounts are also available.


How long does FBS withdrawal take?


Withdrawal times at FBS depend on which method you are using to receive your funds. All withdrawals are processed by the broker within 48 hours on business days. E-wallet and crypto transfers are processed within minutes, whilst wire transfers can take up to 48 hours.


What is the minimum deposit on FBS?


Minimum deposit limits at FBS depend on the account type you have selected. For international clients, there is a micro account that allows deposits from $1. For european clients, the lowest entry point is the cent account at €10. Standard accounts require a minimum deposit of €100.





So, let's see, what we have: there are 4 fundamental standards that any brokers who want to become the best should meet. Let's have an FBS review based on those 4 standards. At fbs broker review

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