FBS
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Popularity | |
Leverage | 1:3000 |
Minimum Deposit | $1 |
Regulation | CySEC, IFSC |
Payment Methods | Credit/Debit Cards, Bank Wire, Skrill, Neteller, Crypto |
Trading Assets | Forex, Commodities, Indices, Stocks, Cryptocurrencies |
MT4 | ✅ |
MT5 | ✅ |
Spreads | Low |
Average cost: EUR/USD | 0.9 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ✅ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | $5 per month after 6 months of inactivity |
Year Established | 2009 |
Address | №1 Orchid Garden Street, Belmopan, Belize, C.A. |
Contact Information | Email: [email protected], Phone: +35 7251 23212 |
Mobile Trading APP | |
Rating | ★★★★☆ [4.5] |
Website |
Pros and Cons
- Extensive range of trading instruments
- Competitive spreads
- Robust MT4 and MT5 platform support
- Comprehensive educational resources
- No deposit and withdrawal fees
- Limited regulatory oversight
- Withdrawal process can be slow
- No ZuluTrade platform integration
- High leverage may increase risk
- Inactivity fee after 6 months
Introduction
When it comes to online trading, selecting the right broker is a pivotal decision that every trader faces.
Among the myriad of options available, FBS stands out as a broker that has consistently garnered attention for its comprehensive services and client-centric approach.
Established over a decade ago, the company has expanded its services globally, offering a wide range of trading instruments, account types, and educational resources to cater to both novice and experienced traders.
This review delves into its various aspects, aiming to provide traders with an in-depth analysis of its offerings, regulatory compliance, platform functionality, and overall trading experience.
Open a free accountHistory and Background
FBS entered the world of Forex trading in 2009, with a vision to provide reliable, transparent, and client-focused brokerage services.
Over the years, FBS has witnessed exponential growth, expanding its reach to over 190 countries and serving millions of clients.
The broker is well-regarded for its adherence to regulatory standards, holding licenses from several reputable financial authorities.
This commitment to regulation not only underscores FBS’s dedication to providing a secure trading environment, but also instills confidence among traders regarding the safety of their investments.
Account Types Offered
Understanding that traders come with diverse needs and preferences, FBS offers many account types, each designed to cater to different trading strategies and experience levels:
- Standard Account: Ideal for experienced traders looking for traditional trading conditions.
- Cent Account: Perfect for beginners wanting to trade with lower risks.
- Micro Account: Tailored for traders who wish to calculate their profits precisely.
- Zero Spread Account: Best suited for those who prefer trading with fixed spreads.
- ECN Account: Designed for traders who seek more control over their trading with direct access to market prices.
Account Type |
Minimum Deposit |
Spread |
Leverage |
Commission |
Standard |
$100 |
1 pip |
1:3000 |
No |
Cent |
$1 |
1 pip |
1:1000 |
No |
Micro |
$5 |
Fixed |
1:3000 |
Yes |
Zero Spread |
$500 |
0 pip |
1:3000 |
Yes |
ECN |
$1000 |
-1 pip |
1:500 |
No |
This table offers a concise comparison, helping traders select the account that best fits their trading style and goals.
Open a demo accountTrading Platforms and Tools
FBS recognizes the importance of a reliable, intuitive trading platform in the online trading environment.
The broker offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most acclaimed trading platforms in the industry, catering to the needs of traders with different levels of experience and trading strategies.
- MetaTrader 4: Known for its user-friendly interface, robust analytical tools, and versatility, MT4 is the go-to platform for forex traders worldwide. It allows for the use of automated trading systems known as Expert Advisors (EAs), and offers comprehensive charting tools, market indicators, and script writing options to customize trading strategies.
- MetaTrader 5: Building on the strengths of MT4, MT5 provides more advanced charting tools, more timeframes, better order management tools, and native support for trading stocks, commodities, and futures, in addition to forex. It’s designed for traders looking for an edge in multi-asset trading with an improved trading system and increased number of technical analysis indicators.
FBS further enriches the trading experience with mobile trading options.
The Trader app and MT4/MT5 mobile applications allow traders to manage their accounts and trade from anywhere, at any time, ensuring they never miss a market movement.
To support decision-making, FBS provides a range of technical analysis tools and educational resources.
The broker’s website hosts an extensive library of webinars, tutorials, and articles that cover various aspects of trading, from basic concepts to advanced strategies.
These resources are invaluable for both novice traders looking to learn the ropes and experienced traders aiming to refine their strategies.
Financial Instruments Available
FBS offers a diverse range of financial instruments, enabling traders to spread their investments across various markets.
The broker’s portfolio includes:
- Forex: Trade major, minor, and exotic currency pairs with competitive spreads and high leverage.
- Metals: Invest in precious metals such as gold and silver, a popular choice for hedging against currency risk or inflation.
- CFDs: Contract for Differences on stocks, indices, and commodities, allowing traders to speculate on price movements without owning the underlying asset.
- Cryptocurrency: For those interested in the digital currency market, FBS provides the opportunity to trade on major cryptocurrencies.
This variety ensures traders can diversify their investment portfolio, manage risk effectively, and capitalize on different market conditions.
Deposit and Withdrawal Options
FBS aims to make financial transactions seamless and efficient for its clients by offering plenty of deposit and withdrawal methods:
- Bank Transfer
- Credit/Debit Cards
- E-Wallets: Including Skrill, Neteller, and others.
The broker prides itself on quick processing times and strives to offer fee-free deposits and withdrawals, although some options may incur fees depending on the payment provider.
Method |
Deposit Time |
Withdrawal Time |
Fee |
Bank Transfer |
1–2 days |
2–4 days |
Varies |
Credit Card |
Instant |
1–2 days |
Free |
E-Wallets |
Instant |
Within 24 hours |
Free |
This table provides a snapshot of the most common payment methods, highlighting FBS’s commitment to providing convenient and cost-effective transaction options for its clients.
Customer Support and Services
A standout feature of its offerings is its exceptional customer support.
The broker has implemented a comprehensive support system to ensure that clients’ needs and concerns are addressed promptly and effectively.
- Languages Supported: FBS provides support in multiple languages, reflecting its global presence and commitment to catering to a diverse client base.
- Contact Methods: Clients can reach the company via live chat, email, and phone. The live chat feature is particularly noteworthy for its quick response times, making it a convenient option for immediate assistance.
- Customer Service Hours: FBS offers 24/7 customer support, acknowledging the non-stop nature of the forex market and the need for round-the-clock assistance.
Feedback from users often highlights the professionalism, friendliness, and efficiency of the FBS customer support team.
This level of service plays a crucial role in enhancing the overall trading experience and is a significant factor in the broker’s popularity among traders.
Educational and Research Tools
FBS understands the importance of education and research in trading success.
To this end, the broker offers a wide array of educational and research tools designed to help traders make informed decisions:
- Webinars, Seminars, and Online Courses: The broker organizes regular educational events and provides a plethora of online learning materials that cover a range of topics from trading basics to advanced strategies. These resources are invaluable for continuous learning and skill enhancement.
- Market Analysis and News: The broker provides up-to-date market analysis and news, enabling traders to stay informed about significant market events and trends. This information can be crucial for making timely and informed trading decisions.
- Trading Calculators and Economic Calendars: Tools like trading calculators and economic calendars are available to help traders plan their trades more effectively. These tools assist in managing risk, understanding market dynamics, and timing trades based on economic events.
By offering these resources, it empowers its clients to grow as traders, providing them with the knowledge and tools needed to navigate the markets successfully.
Security Measures and Regulation
Security and regulation are paramount in the online trading world.
FBS takes these aspects seriously, employing stringent security measures and adhering to regulatory standards to ensure client funds and data are protected.
- Regulatory Bodies and Licenses: FBS is regulated by various reputable financial authorities, which oversee the broker’s operations and ensure compliance with international standards. These regulatory bodies include the International Financial Services Commission (IFSC), among others, contributing to the broker’s credibility and reliability.
- Account Security Features: The company employs advanced security features like two-factor authentication (2FA) and state-of-the-art encryption technologies to safeguard clients’ personal and financial information.
- Client Fund Protection: The broker adheres to strict policies regarding client fund management, including segregation of client funds from the company’s operational funds and participation in compensation schemes that protect clients’ investments in the unlikely event of the broker’s insolvency.
These measures reflect its commitment to providing a secure and trustworthy trading environment, giving traders peace of mind when conducting their trading activities.
Conclusion
FBS stands out in the crowded forex broker market for its comprehensive service offerings, client-focused approach, and commitment to security and regulation.
With a wide range of account types, trading platforms, financial instruments, and educational resources, FBS caters to the needs of a diverse clientele, from beginners to experienced traders.
Choosing the right broker is a decision that can significantly impact a trader’s success.
FBS’s blend of reliable trading conditions, extensive support and educational services, and stringent security measures make it a compelling choice for traders looking for a reputable and supportive broker.
As the trading landscape continues to evolve, FBS’s dedication to improving and expanding its services will undoubtedly keep it at the forefront of the industry, offering its clients a robust platform for achieving their trading goals.
Visit website: www.fbs.comFeatured Video
User Reviews
Frequently Asked Questions (FAQ)
What is the minimum deposit?
The minimum deposit is $1, making it accessible for traders of all levels.
Does FBS charge withdrawal fees?
It does not charge any withdrawal fees, although payment providers may impose their own fees.
Is FBS regulated?
Yes, it is regulated by CySEC and IFSC, ensuring a secure trading environment for its clients.
Can I trade cryptocurrencies?
Yes, FBS offers trading on a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Does FBS offer a demo account?
Yes, the broker provides a demo account for traders to practice strategies without risk.
What trading platforms does it support?
FBS supports both MT4 and MT5 platforms, catering to various trading preferences.
How does FBS handle negative balance protection?
FBS offers negative balance protection, ensuring traders cannot lose more than their account balance.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024