To add momentum to your forex and CFD trading, FBS broker has been guiding retail traders since 2009. Operating in more than 150 countries, the FBS trading platform has gained popularity in a short period of time. Now they have around 23000000 traders worldwide, which is increasing every day. This FBS review will explore more detail about the broker and how the company is impacting the overall forex trading industry.
Overall, FBS is a credible and trustworthy broker with Belize International Financial Services Commission (IFSC) license and numerous international awards.
Let's get into a depth FBS broker review to enlighten you about FBS account type, deposit, bonuses, and more.
FBS Broker Review
Starting their international operation in 2009, FBS forex broker currently has a presence in more than 150 countries with 23000000 traders and 410000 partners. From the beginning, the brokerage company earned the trust of forex traders all over the world.
By 2011, FBS got the "Best mini Forex broker" award and gained around 100000 traders worldwide. Later in 2012, the brokerage earned three awards, which increased their trust among the clients. In 2013, the company reached 400000 clients and introduced different cutting-edge technology.
On their 5-year anniversary in 2014, FBS saw solid growth and became the "Best Broker in Asia" for the fourth time.
After that, the company has seen exponential growth, and the number of clients and partners exceeds 1 million. Further, the brokerage's turnover increased more than twice.
By 2016, FBS achieved more the 2.5 million active traders with around 200 million open orders. As the years go, the company became more mature and increased its operational area.
FBS Review 2023 Quick Summary
|🏢 Headquarters||Limassol, Cyprus|
|🖥 Platforms||MT4, MT5, FBS trader|
|📉 Instruments||Forex, CFDs on Indices, Metals and Energies|
|💳 Minimum Deposit||1 USD for Global, 10 EUR for EU|
|💰 Deposit Methods||Bank Wire, VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check|
|📱 Mobile Trading||Available|
|🌍 Web Trading||Available|
|💵Minimum Trade Size||0.001|
|🎢 Maximum Leverage||1:3000|
|☎ Customer Support||24/5|
FBS Broker Review: Regulation
FBS is regulated by Cyprus Securities and Exchange Commission (CySEC). CySEC is responsible for regulating the Forex market in Cyprus. CySEC is directed by a board of directors that is appointed by the Minister of Finance. The board has representatives from various financial institutions and regulatory agencies.
CySEC regulates Forex trading by establishing rules and regulations for the industry. It also conducts investigations into violations of these rules.
FBS Review: Trading Instruments
There are different forex trading instruments that you can use to make your investment decisions. FBS markets review suggests that the broker offers multiple trading instruments such as Forex, Metals, Indices, Energies, Stocks, Forex Exotic, and Crypto.
- Forex: FBS provides more than 28 forex trading pairs through different accounts while the spread could be 0.0 pips.
- Metals: For metals, FBS offers silver and gold spot trading. Gold is the most attractive and most traded metal in FBS. It can diversify your portfolio for long-term profitability.
- Indices: FBS will give you access to 11 top indices from around the world. For example, you will be able to access AU200, DE30, FBS NASDAQ100, Dow Jones, FTSE100, and more. You can trade as low as 10 lots for these indices.
- Energies: In the energy section, you can trade Brent Crude Oil, Natural GAS, and WTI Crude Oil. The lot size for the crude oils is 1000, while it is 10,000 for natural gas.
- Forex Exotic: You can trade 9 exotic forex pairs with FBS. However, the lot size is 100,000 for all the exotic pairs.
- Stocks: Forex FBS broker stock trading will give you access to the top companies worldwide.
- Crypto: With FBS crypto trading, you can trade Coins, Coin-Fiat, Coin-Coin, and Coin-Metals. The good thing about FBS crypto is that they offer 1:5 FBS leverage for 100+ crypto assets. Therefore, you will get tremendous opportunities in the crypto market.
FBS Review: Deposit and Withdrawals
As per the FBS broker review, you will not get many deposits and withdrawal options. You can make the transaction via bank wire transfer, Visa, Neteller, Sticpay, Skrill, and Perfect Money.
Depending on the withdrawal methods, you will need to pay variable commissions for the withdrawal. For example, withdrawing via VISA will require a $1 commission per transaction, which takes up to 2 days to complete.
Most of the deposit methods used in FBS are via electronic payment systems. Therefore, all the deposits are processed instantly. However, if you choose to use a non-electronic payment system, it may take 1-2 hours via FBS financial dept. For the bank wire transfers, it may take up to 5-7 business days to complete the deposit.
FBS Trading Platforms
FBS trading platforms are online-based interfaces that allow traders to buy and sell currencies on their own. These virtual machines offer many advantages, including a wide array of markets, access to trading charts, updated economic and news feeds, plus live chat rooms populated by veteran traders and rookie investors alike. All in all, they can save time and provide some peace of mind.
FBS forex review suggests that the company offers its service via FBS Trader, MetaTrader 4, and MetaTrader 5. All these platforms come with an assortment of features that are both useful and accessible.
It is a powerful mobile platform from FBS. The platform has apps for android and iOS devices. You will get everything in one place in the app. Further, you can follow the market and open order in a few simple steps. With the FBS trader, you can trade stocks, forex, metals, cryptos, and energies.
Moreover, you can access 24/7 customer service in your language via the FBS Trader app. Also, you can deposit and withdraw 24/7 through more than 100 transaction methods.
Moreover, using the FBS Trader app, you can get a $100 quick start bonus, also known as FBS 100 deposit bonus, up to 20% cashback, and access to over 170 popular assets.
FBS MetaTrader 4
FBS MetaTrader 4 offers fully customization features and configurations, which significantly enhances the platform's flexibility and usability. A powerful trading terminal for traders, MetaTrader 4 is the choice for more professionals around the world who trade in Forex and other markets.
With over 50 indicators and numerous timeframes, a trader can customize their chart to suit their needs. The trade from anywhere feature allows traders to trade from a mobile device or tablet. You can use MT4 on iOS, Android, and Windows phones. This expands your trading opportunities, making it easier to compare prices globally and make trades quickly. MetaTrader 4 also offers fast order execution that minimizes slippage on trades for better profits. Nevertheless, it is also the most popular trading platform that experienced traders around the world trust.
The MetaTrader 4 trading platform supports automated trading. This means that a trader has a host of tools to execute their trades in a way that suits their individual trading style. Whether you are looking to draw charts manually or enter orders, there are plenty of options for you to trade with precision and confidence.
MetaTrader 4 offers a variety of tools to help automate your trades. Expert Advisors, for example, are one of the most popular tools used by traders. Through the use of expert advisors and the FBS broker MT4 scripting language, a trader can create their own automated trading programs to help them execute trades at specific times. Expert Advisors work directly with a trader's chart to help them draw lines, set triggers, or buy and sell indicators so that you can trade with extreme precision.
In addition to easy access and execution of your trades through any device, FBS broker MT4 also offers mobile trading.
FBS MetaTrader 5
MetaTrader 5 provides immediate access to all the markets across the world, allowing for increased mobility, 24/7 market coverage, an easy-to-use interface, highly customizable chart settings and indicators, and multiple time frames with customizable time bars on charts, and much more.
The FBS MetaTrader 5 is a platform from MetaQuotes offers many advantages to both beginners and experienced traders. The platform is easy to use, it's free, and it has low-cost access to the best financial instruments in the world.
On top of that, you will get access to 90 technical indicators and charting tools. The embedded news with one-click trading will allow you to trade anything you want anytime. Further, the 6 types of pending orders, hedging positions, economic calendar, VPS support, and 21 timeframes will make your trading experience effortless.
FBS Account Types
FBS offers 6 different account types for their traders. The accounts include a cent account, micro account, standard account, zero spread account, ECN account, and Crypto account. Let's see the details of each account.
FBS Trading Review: Cent Account
FBS cent account reflects currencies in decimal points or hundredths of a unit of currency. This FBS account type is often used in trading to avoid the need to do mental math. The forex FBS broker will automatically convert quotes, orders, and positions held into the corresponding currency on this type of account. This way, traders don't have to manually convert all their information as they work or conduct trades. The currency conversion is handled automatically when the forex cent account is set up.
Some features of FBS cent accounts are an initial deposit is $1, $0 commission, up to 1:1000 leverage, and a maximum open position of 200.
FBS Trading Review: Micro Account
An FBS micro account is a trading account that allows for very small transactions, typically less than $5,000 per day. Micro accounts are popular with individuals who want to trade but don't want to invest a lot of money in order to do so. They are also popular with people who want to get started trading quickly, without having to invest a lot of time and effort learning how to use more complex trading platforms.
Some features of FBS micro accounts are an initial deposit is $5, $0 commission, fixed spread from 3 pips, up to 1:3000 leverage, and market execution of 0.3 seconds.
FBS Trading Account: Standard Account
An FBS Standard Account is an account that offers traders access to a range of trading tools and features, including real-time streaming data, charts, news, and alerts. With a Standard Account, traders can make trades in a variety of currencies and commodities, as well as trade on margin.
An FBS standard account is a good way to minimize your risk and maximize your profits. The benefit to opening this FBS account type is that it allows you to trade on more pairs than if you were using the mini- or micro-forex accounts while still being able to trade at the same leverage rates. This is because the minimum initial and subsequent deposit requirements are much higher.
Some features of FBS standard accounts are an initial deposit is $100, $0 commission, floating spread from .5 pips, up to 1:3000 leverage, and order volume from 0.01 to 500 lots.
Zero Spread Account
FBS's zero spread account allows traders to take advantage of the forex market without having to worry about the spread. Forex zero spread account allows traders to trade with a minimum deposit and allows for 24/7 access to the markets. It also has low fees and offers excellent trading conditions.
Some features of FBS standard accounts are an initial deposit is $500, commission starting from $20/lot, a fixed spread of 0 pip, up to 1:3000 leverage, and order volume from 0.01 to 500 lots.
FBS ECN Account
Forex ECN account is a type of account that allows traders to take advantage of electronic communication networks (ECNs) to execute trades. Forex ECN accounts are similar to margin accounts, but they allow traders to borrow money against the value of their positions in order to increase their leverage. This allows them to trade larger positions than they would be able to with a regular margin account.
It is an electronic communication network that provides access to financial markets in securities, foreign exchange, and other products. The trader simply fills an order, and the ECN matches it. It's a way of trading without having to actually trade, thus reducing the risk for both sides of the transaction.
Some features of FBS ECN accounts are an initial deposit is $1000, the commission is $6, floating spreads from -1 pip, up to 1:500 leverage, no trading limits, and order volume from 0.01 to 500 lots.
Cryptocurrency is still a relatively new form of currency, and as such, there are many different types of cryptos out there. While many forex brokers may offer relatively fewer cryptocurrencies, FBS offers all the top cryptocurrencies for trading.
Some features of FBS crypto accounts are an initial deposit is $1, the commission is 0.05% for opening and 0.05% for closing positions, floating spreads from 1 pip, up to 1:5 leverage, and order volume from 0.01 to 500 lots.
FBS Review: Trader Tools
Forex tools are essential to have a smooth trading experience and boost profitability. Therefore, brokers offer different trading tools for their clients. That being said, let's see the common tools you will get from FBS.
FBS Review: Economic Calendar
FBS economic calendar is an online, up-to-date database that provides all the latest economic data relevant to the foreign exchange market. It includes reports on both domestic and international economies as they pertain to currency movements. As such, this information can sometimes be used as a valuable forecasting tool, especially when combined with technical analysis methods.
It is a valuable tool for traders who want to know what events are taking place that will affect the foreign exchange markets. This calendar can help traders anticipate upcoming market moves and make more informed investment decisions.
FBS Broker Review: Forex Calculators
It's a way to analyze forex trading. Many new traders use calculators to help with the entry and exit points for their trades, but the most important feature is the overall profit calculation. Forex Calculators are a very useful tool, especially for newer traders.
The benefits of forex calculators include the ability to assist you in creating a trading plan and the ability to calculate your overall profit or loss.
These tools are also able to reduce trader stress. Some traders may have a hard time letting go of trades that are already started, and a calculator allows you to let go by calculating your profit or loss.
Forex calculators can also be used to create a trading plan. A trading plan is a set of rules or guidelines to follow in order to keep your emotions under control, avoid rash decisions, and follow what you think is the best course of action when making trades.
A currency converter allows users to convert currencies quickly and easily. There are a number of benefits to using a currency converter for online forex trading. First, it can be a time-saving tool. Second, it allows users to make accurate conversions, which can help avoid potential mistakes. Third, it can help traders track their forex trading progress over time.
By converting your currency into one that is more favourable to trade, you will be able to get things done much quicker and get into profit much faster.
FBS Copy Trade Review
FBS copy trading is a popular form of trading that involves copying the behavior and strategy of other traders in order to measure their moves and make profitable trades. This can be done by scanning for signals provided by market indicators or tracking specific currencies' prices.
It is mainly a trading technique that lets you easily share another trader's strategy by replicating their trades across the same asset. Simply register with FBS copy trading and find a trader whose style appeals to you, then link your account so that you can replicate the trades.
Copy trades can be made automatically, meaning you do not have to be online at the same time as your trade signals provider.
FBS Review: Education
Whilst the education feature is not compulsory, and it is a fantastic way to get some insight into what brokers are prepared to offer to new traders. FBS provides excellent resources as well as advice on forex education. However, this can be overwhelming for a new trader. They offer Forex Guidebook, Webinars, Video Lessons, Seminars, and Glossary to provide education to the traders.
FBS Review: Customer Support
FBS forex broker review found that the company offers 24/7 customer service for its clients. You can contact them via different methods such as Viver, WhatsApp, Telegram, Line, and messenger. On top of that, you can even content them via email, phone, and live chat.
After this FBS review, we can say that it is reliable and definitely worth considering for new and experienced traders alike. They offers a wide range of features and tools, making it easy to get started. Deposits are usually prompt, and the support team is responsive, so you can always count on them when needed.
Best Forex Brokers By Countries - 2023
Top Rated Online Best Forex Brokers 2023