It was founded in 2009, FBS Markets Inc. (FBS) is based in Belize and has a license to trade in securities services under the International Financial Services Commission (IFSC).
The broker offers the MetaTrader platform package, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software Corporation.
FBS offers 48 instruments, including 37 currency pairs and 11 CFDs, four of which are CFD cryptocurrencies.
FBS offers four types of accounts without commissions with fixed or variable spreads to choose from and two additional types of accounts with zero ranges, but it collects a commission to compensate for the difference.
The broker gives a typical spread of 0.9 pips to EUR / USD. However, on the zero accounts, there is no spread. But the broker will charge 20 commission for the website.
FBS offers several research options in the form of news, including headlines, and technical and fundamental analysis from internal employees and third parties.
MT4 and MT5 are standard, with a small variety of functions from broker to broker. However, there can be important diversity in the way the platform aims to trade spreads and commissions, execution and other tools, services and administrative areas.
FBS offers multiple account options and deposit methods for its clients. This way clients can access the MT4 and MT5 platforms from its licensed unit in Belize and on related websites. Other websites that support international traders also fall into this category.
Lack of the regulator's status in the primary jurisdiction puts him at a disadvantage. If you compare to the majority of more significant and even smaller forex brokers, this is a common issue. For example, adding an EU license would help FBS compete with peers in the industry.