Are you a small-town trader or a professional with big dreams? Do you wish to make it big in the industry of online trading and investment objectives? If yes, then it is now time to gear up for the best online trading experience ever. FBS, an online platform, is designed to enable trading in a wide range of assets. One need not have exorbitant capital at their disposal to start with the best forex pairs, commodities, and other assets, as the brokerage company of FBS offers ideal leverages and margin calls. For any investor, staying well-informed about the potential risks associated with their investment endeavors is crucial. To facilitate a seamless awareness-building process, we provide a comprehensive and unbiased FBS review in 2024. This review aids investors with in-depth knowledge on every aspect of FBS Broker, letting them make calculative decisions and find the investment landscape with confidence and security. The Aspects evaluated include trustworthiness, available trading platforms, regulatory overview, Withdrawal policies, range of instruments available, Knowledge transferring, and analysis tools based on the consolidated facts received.
|FSC, CySEC, FSCA, ASIC
|Forex, Metals, Indices, Energies, Forex Exotic, Stocks, Crypto
|Minimum Initial Deposit
|Standard Account:- $5
Cent Account:- $5
Pro Account:- $200
|Standard Account:- 3000:1
Cent Account:- 1000:1
Pro Account:- 2000:1
|MetaTrader 4 (MT4)
|MetaTrader 5 (MT5)
|Depends on Payment Methods
|USD, EUR, BTC, LTC, ETH, DASH
|Yes, via Live Chat, Callback, Email, & FAQ Support
What Is FBS?
Established in 2009, FBS has emerged as a versatile brokerage, providing a variety of account types tailored to diverse trading preferences. Particularly well-suited for individuals in search of accessibility and reliability, FBS broker adeptly navigates dynamic financial markets. This makes it an excellent choice for traders, both novice and experienced alike. As we delve into the FBS review in 2024, it becomes apparent that their comprehensive and user-friendly services contribute to a seamless trading experience for investors of all levels. If you are a person who is looking to invest with FBS Broker after understanding the FBS review
The international offices of the FBS are regulated by the FSC (Financial Service Commission) of Belize and operated by FBS Markets Inc. Headquartered in Cyprus, a transparent broker firm of FBS is associated with more than 17 million traders from 150 countries across the world.
The most preferred forex company, an FBS broker, offers access to the MetaTrader platforms to enable trading and investment in foreign exchange, metals, energy commodities, stock trades, and shares, cryptocurrencies, and indices. WBO, an international business magazine, has also named FBS as its top choice for the ‘‘Best Customer Service Broker Global 2022’.
Features of FBS
The official trading partner of FBS is Leicester City. The features of the trading platform of FBS are described in a nutshell below:-
The non-dealing broker system of FBS enable the rapid market execution of trading orders. Post registration and login, the website of FBS allows the users to access two types of MetaTrader trading platforms (mt4 and mt5) for trading and investment in a wide range of assets.
The MetaTrader 4 broker of FBS is a regulated and highly advanced site. It is easily available for download and installation on the devices of the users. The trader may access the MetaTrader 4 platform for the following reasons:-
- One-click market execution of trading orders and copy trading
- The availability of an impressive array of charting tools and technical indicators for tracking trading conditions
- Easy access to Expert Advisors (EAs) for auto trading capabilities and automated copy trading in markets
- Quick execution of trading and investment orders on the go through mobile applications of the platform
- VPS (Virtual Private Server) trading support availability for the FBS clients
- The international offices of FBS offer access to the MetaTrader 4 MultiTerminal to allow the clients to operate several live trading accounts at the same time.
The trading platform of MetaTrader 5 has been recently integrated with the website of FBS with an aim to diversify the portfolio of registered investors. In mt4 and mt5, the MetaTrader 5 is an upgraded version of MT4 that offers all the services of the latter, along with additional services, as listed below:-
The trading platforms of FBS offer a chance for netting and hedging
- Advanced technical indicators and tools for predicting reliable trading conditions despite the risks involved.
- Availability of greater market leader depth view.
- Accessibility to a wider variety of order variety and different timeframes for copy trading.
- Both the MetaTrader platforms can be accessed directly at the website of the FBS without the need for download and installation. The services of the MT4 and MT5 platforms are compatible with every operating system.
The users of FBS are provided with seamless access to an extensive variety of markets to allow trading in a broad spectrum of financial assets.
The markets available for trading and investment are listed below:-
- Forex: 36 standard international currency pairs and 16 exotic currency pairs in the best forex markets.
- 3 Energy commodities: WTI and Brent crude oil.
- Precious metals: 8 metals.
- 11 Indices: Cash-based indices listed at NASDAQ and other global exchanges.
- 127 Stocks and shares: 40 US, 30 German, 30 UK publicly listed company stocks.
- 5 Cryptocurrencies Pairs: FBS allows the traders to conduct trading costs and investment in digital currencies through the online Personal area and the FBS Trader App. The users can engage with payment provider directly, trading 35 cryptocurrency pairs against other cryptos or fiat currency.
The trading platform of FBS offers spreads that vary according to the regional boundary of the user and their trading account type. For the EUR USD pairing, the user is provided with a fixed spread of 3.0 pips for the Micro Account, 0.0 pips for the ECN and Zero FBS Accounts, and 1.1 pips for the Standard and Cent Accounts.
The same spread value becomes 0.7 pips for the Cent and Standard Accounts in the European Union. It seems from the review FBS , that the spreads are pretty competitive with the Zero and ECN Accounts.
The international offices of FBS impose a fixed commission charge of USD 6 per lot at the ECN Account and USD 20 for each lot at the Zero Account. The offices charge USD 25 for CFD trading and USD 3 for trading in stocks and shares. The crypto brokers charge a nominal commission fee of 0.05% for opening and closing positions in digital currencies at crypto markets.
The trading platform of FBS imposes an FBS overnight fee, along with a cancellation fee of USD 5 for each transaction that is made on the basis of the price latency. If a trading account stays inactive for more than 180 days then the platform charges a monthly penalty fee of USD 5 and this is one of the ways in which FBS makes money from the trade.
The trade platform of FBS is currently offering quite a few attractive bonuses and promos to registered users. The most popular deal of FBS is the Level Up bonus offer. The user has to open a forex trading account to secure the Level up bonus amount of USD 70.
The platform allows the user to increase the amount of the Level up bonus account offer by using the FBS Personal Area app, up to about USD 140. It is advised to read the bonus account settings, claim description, broker terms, and conditions thoroughly before claiming the broker offers.
The clients of the FBS online forex broker platform are provided with the opportunity of providing multiple types of account types. FBS offers majorly 3 trading accounts: Standard, Cent, and Pro account.
At FBS, there is a dedicated Islamic account available for trading and investing in cryptocurrencies. The digital investors registered with FBS occupy the opening or closing positions on the foremost crypto tokens with the help of an arsenal of trading tools, broker trading options, and complex trading indicators. The maximum leverage offered for trading varies for different account types and they are as follows:-
- Standard Account:- 3000:1
- Cent Account:- 1000:1
- Pro Account:- 2000:1
FBS allows the traders of the Standard and Cent Accounts to conduct demo trading in a wide variety of assets. According to the FBS review, the platforms of mt4 mt5 also allow the users to conduct demo trading, unlike other trading platforms that only provide access through their proprietary platforms for demo Islamic account trading. The trade demo account is especially good for developing trading strategies and styles before venturing into the live markets.
The best forex broker allows leveraged trading on the basis of the branch region of the office and the account of the user. The Cent and Standard account users of the EU region are provided with a maximum leverage of up to 30:1 on their trading orders.
Beyond the EU, the traders get the opportunity of trading with a leverage of up to 500:1 through the ECN Account, 1000:1 for the Cent Account, and 3000:1 for the other types of Account. The margin requirement at FBS is 40% or lower, and if the margin call is reached then the platform is entitled to close the trading position of the users.
The initial deposit varies for the users based on the trading region and account type payment provider of every user. The EU office of FBS mandates a minimum deposit of USD 100 for the Standard Account and USD 10 for the Cent Account. The international offices of FBS allow the users to make a minimum deposit of USD 1000, USD 500, USD 100, USD 5, and USD 1 for the ECN, Zero Spread, Standard, Micro, and Cent Accounts.
The website of FBS allows the users to make deposit and withdrawal in various convenient payment options that include bank transfer, e-wallets like Neteller and Skrill, and VISA. The bank transfer payment system is only available for users within the EU region.
The transactions take place almost in an instant by the payment processor for every mode of payment. However, for transactions through bank transfer, the deposit and withdrawal methods take at least 48 hours for confirmation. The platform charges a transaction fee for withdrawals at the international offices. The users may be requested to submit government-issued ID proof documents for withdrawing traders funds of substantial amounts.
The feature-rich platform of FBS is accessible in mobile devices, like smartphones, tablets, and laptops, through the mobile app of FBS. The FBS app is compatible with every operating system and is available in the app stores of Android, Windows, and Apple. The app is accessible on iOS devices only beyond the EU region. The mobile application has a seamless and intuitive interface that allows access to top FBS trading tools and statistical reports that get updated in real time and offers reliable trading conditions.
Licensing and Regulatory Requirements
FBS, a Cyprus registered company, offers its clients a safe and secure trading environment. The platform is regulated by CySEC and the international branches are governed by the FSC of Belize. In South Africa, FBS is secured by the FSCA, and in Australia, the ASIC controls the international offices.
The analysis section of the FBS based online brokerage platform provides the users with unique services, as listed below:-
- News updates and headlines about the best forex market.
- Latest updates of various markets.
- An FBS side Forex trading TV for the telecast for weekly insight reports, informational videos, and trading strategies.
- Apart from the best forex analysis section, FBS offers the traders with an economic calendar, along with forex calculators for profitable trading and investment in foreign exchange. The traders are also provided with the most resourceful educational content in the form of webinars, training materials, tutorials, e-books, and mentoring sessions that teach all the necessary functionality for informational purposes.
Services Offered by FBS
The services offered by FBS are listed below:-
- Offers opportunity of the trading process smooth in the forex, precious metals, energy commodities, cryptocurrencies, shares, indices, and stocks.
- Access to a wide variety of tools and cutting edge trading technologies that include trading calculators, technical indicators, and more for raking in rich returns.
- Availability of exclusive educational resources and tutorials for improvement of trading capabilities of novice traders and other traders.
FBS Trading Intruments
At FBS, the registered users can conduct trading and investment in a wide variety of assets. Diversify the investment portfolio by investing in only the best ones that are listed below through the trading platforms of FBS:-
For forex TV, the minimum spreads vary between 0.3 and 26. There is no swap free option trading facility available for the exotic forex currencies.
Professional traders can conduct trading in gold and silver in exchange of USD currency. For silver, the lot size is set at 5000, whereas for gold the lot size is set at 100. The minimum spread lies between 10 and 20 and the typical spread is 30.
There is a plethora of indices available for trading at the platform of FBS and the typical spread for trading in indices varies between 14 and 1800. Some of the most popular indices available in the lot size of 10 include EU 50, USD 500, and USD 30, among others.
The typical spread for trading in energy commodities ranges between 8 and 14. The commodities are available at a lot size of 10,000 and the trading orders are executed in exchange for USD currency.
For dealing in stocks, the users need to conduct trading with a minimal spread between 1 and 50, while the typical spread lies between 2 and 200. In stock trading, the order value is estimated by multiplying the lot volume with the opening price of the stocks. The commission fee for trading in stocks is 0.7% of the order value.
For exotic foreign exchange, the minimal spread varies between 5 and 44.1 with a standard lot size of 100,000.
Cryptocurrency trading takes place by the exchange of crypto coins, crypto coins against fiat money, crypto coins against precious metals, and crypto coins against crypto coins. For a standard lot size of 1, the minimal spread varies between 275 and 25010.
FBS: Pros and Cons
According to the FBS review, the pros and cons of the platform of FBS are tabulated below:-
|The forex brokers of FBS charge a very low commission fee.
|The trading opportunities are very limited for EU-based users.
|The traders are given the opportunity to conduct leveraged trading up to their own ratio of 1:3000.
|Service is restricted in countries like the US, Japan, Canada, and Israel.
|FBS offers quite a few lucrative deposit bonuses and promos.
|Lacks proprietary web and desktop platforms.
|There is a wide range of account types available curated for the various needs of the traders.
|Limited number of FBS stocks to trade.
|The platform provides a wealth of educational content to the traders.
|Convenient customer support is available 24×7.
Broker FBS Account Opening Process
Are you ready to start social trading? If yes, then follow the steps below to open a personal account with the platform of FBS:-
- New traders need to visit the official website of FBS and click on the Open account button at the home page to open a personal account.
- Enter the name and email address in the registration form and then click on the Register As A Trader button.
- For successful registration by new traders, it is necessary to submit government-issued ID proof documents for KYC verification.
- Verify the email address and then make instant deposits in the real account.
- New traders may now start trading and investment and withdraw money from the spreads account.
Types of FBS Broker Accounts
The best forex broker allows the traders to open different types of accounts on the basis of the regional boundary and budget. The different broker accounts of other brokers have varied features, as highlighted below:-
A standard account type is fundamentally designed for traders looking to execute trading in a traditional fashion. This account provides traders with the opportunity to avail of varied competitive spreads without any need to pay commissions. Traders are also at their discretion to opt for a specific leverage matching their trading strategy to a nicety. In general, the leverage should be up to 1:3000.
Interestingly, with a standard account at FBS, you can make the most of the following trading instruments, for example, indices, energies, Forex exotic, stocks, and crypto. By choosing FBS, you also get the flexibility to create your standard account at MetaTrader 4, MetaTrader 5, and FBS Trader app. However, if you feel hesitant to create a real Standard account with SBS, you can first create a demo version and try it out!
So, what are you still pondering? Feel free to create a Standard account with FBS today and get your trading going!
Next on the list is the Cent account, which is a trading account different from the Standard account. A salient feature of this account is that balance as well as transactions are fundamentally showcased and executed respectively in Cents. Simply put, if you make a deposit of $5, the trading account will display 500 cents. Another salient feature of the Cent account is that it poses too little or negligible risk. That said, this account is the ticket for those who have recently entered the trading world.
However, experienced traders can also opt to create this account with FBS to familiarize themselves with the latest trading strategies. Another striking feature of this account is that traders need not make any huge deposits to get the trading off the ground, but depositing an amount of $1 will cater to the need!
The Cent account provides access to a wide range of trading instruments, including Forex, metals, indices, energies, Forex exotics, stocks, and cryptocurrencies. FBS supports the Cent account on both MetaTrader 4 and MetaTrader 5 platforms, and a demo version is available for those who want to practice first.
Propel your trading account to unimaginable heights by creating a PRO account with FBS. Interestingly, unlike other trading platforms out there, FBS allows traders to engage in Swap-free trading. The Pro trading account is inclusive of across-the-board features that can meet the trading needs of every professional trader!
By creating a Pro account, you also have the opportunity to carry out trading strategies and save a great amount of money, specifically on large orders. Meanwhile, you can manage risk like a dream. There are even more benefits that you can reap by creating a PRO account with FBS.
So, if you are an experienced trader and wish to take your trading to the ultimate level, the Pro account is every inch the answer.
FBS broker allows the traders to conduct trading by providing them with a host of tools and technologies. The traders not only get access to technical and fundamental analysis data of the markets, but also receive specialized tools, as given below:-
Also referred to as the forex calendar, the calendar is for conducting the fundamental analysis and technical analysis of the forex markets and the currency pairs on the basis of market events.
The traders are able to view the macroeconomic events that influence the market and asset prices in the economic calendar that gets updated in real time automatically. The top economic indicators include The US Treasury Yield Curve, GDP, Interest rates, and Unemployment rate.
An overwhelming number of economic events take place almost on a daily basis. The economic calendar of FBS broker cuts down on the overwhelming content with the help of relevant filters that helps in displaying the updates related to the most recent and specific events.
In order to use the economic calendar, select the time zone and then use the numeric indicators to navigate across the changes in the financial markets. Compare the figures of the Actual, Previous, and Forecast values given in the economic calendar to make prudent business decisions.
The Currency Convertor of the FBS broker is an online copy trading app that is used for the calculation of foreign exchange rates. Traders use the Currency Converter to convert one international currency value into another in order to check the corresponding value for making forex trading decisions.
In order to use this financial instrument, the FBS trader has to enter the amount of money and the two currencies for conversion in separate columns to obtain the final result. The exchange rates get updated in real time in the Currency Converter, eliminating the need for a broker. The tool secures the latest stats from the mt4 mt5 platform and updates the charts dynamically. It also stores the history of exchange rates over the past month to help the traders track the asset price patterns; such features may not be seen in another forex broker present in the market.
The Forex Calculator is the tool that helps with the quick and convenient estimation of the potential profitability of a forex trading decision. The traders can also use the calculators to manage irregular market conditions prior to opening a trading position in the forex market.
Also referred to as the Trader’s Calculator, the Forex Calculator helps with the comparison of trading parameters to enable the traders to select the right account type at FBS broker on the basis of his trading needs. The trader has to set the account type, trading instrument, lot size, major currency pairs to be traded, leverage rate, ask price, and bid price in order to use the calculator for forex trading.
Broker FBS Leverage
The regulated broker of FBS allows highly leveraged trading on the basis of the account type of the users. The broker trading leverage for different account types and forex brokers is tabulated below:-
FBS Broker Commission and Fees
FBS Deposit Fee
The fee consists of 2.5% commission, along with USD 0.3 for deposits made through Sticpay. The users need not pay any deposit money fee for making minimum deposits via VISA, Neteller, Skrill, Perfect Money, and Local Exchanges.
According to the FBS review, one can make deposits in various payment methods that include bank transfer, credit and debit cards, e-wallets, and exchangers. The minimum deposit amount varies with the type of Account and lies between USD 1 and USD 1000.
FBS Withdrawal fee
For making withdrawal requests, the users have to pay a commission fee as well as withdrawal fees. For VISA withdrawal, the commission fee is USD 1 whereas for withdrawing through Neteller, the commission fee is 2%, while the fee varies between USD 1 and USD 30.
Sticpay users need to pay a commission fee of 2.5%, along with a fee of USD 0.3 for withdrawal within 15-20 minutes. To withdraw client funds using Skrill, the commission charge is only 1% and the fee is USD 0.32. The withdrawal fee for the same method is 0.5% of commission charges for the investor compensation fund.To withdraw funds from the platform account, one may either conduct a bank transfer or use bank cards or e-wallets. Bank transfer withdrawal takes 7-10 days, whereas withdrawal through credit or debit cards takes 3-4 days. The quickest mode of withdrawal is through e-wallets, like Neteller and Skrill, which takes less than half an hour.
FBS Bonuses & Promotions
As of now, there is only 1 promo going on FBS – a 100% Deposit bonus!
Here to grab the whopping 100% Deposit bonus, all it takes you is to fund your account, and your trading will turn out to be two times more effective, providing unlimited profits to your entire satisfaction!
FBS Loyalty Program
Conduct trading on a regular basis and stay active in your account to secure a position in the grand Loyalty Program of the brokerage platform. The loyal traders and investors of FBS are rewarded with a host of cashbacks, deposit bonuses, and other perks.
Resources Offered by FBS
Advanced tools and complex instruments for trading are offered by FBs, such as Economic calendar, forex calculator, trade signals from liquidity providers, trade currency convertor, technical analysis indicators, and trade charting tools.
Market analytics includes Forex news, daily market analysis, weekly insights, Forex TV, VIP Analytics. Educational content includes Forex guidebook, Tips for traders, Webinars, Video lessons, Seminars, and Glossary.
FBS Introducing Broker Program
Are you excited to get your business off the ground but without any funds investment? Then join the wonderful cost-effective affiliate program FBS offers for you. This program offers the best trading commissions in the industry – all you have to do is introduce new customers to FBS. The more they trade, the more you earn.
As part of this program, you will receive high commissions and regular payouts. Meanwhile, you can also make withdrawals 24/7 and start receiving 20% of your affiliate’s partner’s income and even more! In short, this amazing affiliate program by FBS is a great way to raise your income by 4 times! So today is the high time to become an FBS affiliate.
The mobile trading platform of FBS offers a Mobile Personal Area that is available for download and installation in any mobile device. To trade forex, the traders may use the FBS trader app to gain access to new data centers, professional advice of reliable status, broker forex guidebooks, personal data, and business statistics on the go through mobile trading.
The FBS mobile trading platform allows the users to open real and demo ECN accounts, log into the other accounts, and keep track of trading progress in the available markets through mobile alerts. It provides the users with a dashboard that allows them to analyze their performance and maintain multiple swap free accounts. Download the app from the app store and start trading and investment on the go.
FBS Security Measures
As per the review FBS, the regulatory compliance of the trade FBS forex broker platform with the license organizations ensures the highest security for the FBS clients against suspecting fraudulent activity. The members of the global broker site of FBS submit KYC documents during registration and follow AML guidelines to stay protected against financial scams.
The website of FBS international forex broker site maintains strict confidentiality of the users’ personal information through 2FA authentication. The platform also maintains money protection by segregated accounts. The segregated account safeguards the client’s money against unethical practices. Overall, the international broker site of FBS is highly secure and customers may trade safely at all times.
FBS Customer Support
As per many online FBS reviews and our research, we can say that at the ECN broker site of the FBS platform, customer support is available 24×7 over live chat and telephone. To reach out to the customer support team over the telephone, one may place a request for the best customer service over call back by entering the contact number in the form at the proprietary trading platform.
For help with urgent issues at the ECN broker site, live chat support is available around the clock. At the best forex broker site, you may also email support fbs.com to contact the customer support team or to VPS service support fbs.com while trading stocks or during mobile trading sessions. However, the broker platform also provides help center for users, so they can clear their doubts by themselves which results in faster output.
FBS Review: Conclusion
It is evident from the extensive FBS review that the brokerage company is highly suited for a trader that is interested in trading assets and investing in a plethora of other assets. Gain access to a host of international markets and conduct automated trading to rake in rich profits.
Make the best of the high leverage and margins, and conduct trading on the go through the mobile app of FBS. What makes FBS stand out in the industry of forex companies in the high quality of educational content and variety of trade types curated for FBS traders of different levels of expertise.
However, there is a need to make a few improvements, like the launch of more trading instruments and the removal of geo-blocking restrictions. Nonetheless, the FBS brokerage company is highly recommended for both beginner traders and advanced traders.