- Limited Platform Options
- Mixed Reviews on Customer Support
- Withdrawal Delays
FBS has carved a strong presence in the forex and CFD trading space, thanks to its diverse range of market instruments, tight spreads, and flexible leverage options.
In this comprehensive review, we’ll dive into the credibility of FBS, explore its intuitive trading platforms, and highlight the advantages of its demo account and low minimum deposit — helping you decide if FBS is the right broker for your trading journey.
Overview
- Headquarters: Cyprus
- Regulatory :IFSC , CySEC
- Trading Platforms: FBS Trader, MetaTrader 4, MetaTrader 5
- Foundation Year: 2009
- Min. Deposit: $1
- Max. Leverage: 1:3000
- Deposit Options: Visa, Neteller, Sticpay, Skrill, Perfect Money, Bank Wire Transfer
FBS is a brokerage company that started in 2009 and now operates in over 150 countries. They have gained a lot of customers and partners over the years, with over 23 million traders and 410,000 partners worldwide. This shows that FBS has been doing a great job and people trust them because of their excellent service.
In 2011, FBS won an award for being the best company for people who want to trade a small amount of money. This made a lot of people want to use their service, and they got around 100,000 new customers from all over the world. In 2012, they won three more awards, which made people trust them even more. By 2013, they had 400,000 customers and started using better technology. In 2014, they won an award for being the best company in Asia for the fourth time.
After that, FBS grew very quickly, and they got more than 1 million customers. This made their business grow even more, and they made twice as much money. They got better at what they do and started working in new places. By 2016, over 2.5 million people used FBS to trade, and there were around 200 million orders open.
Regulation
The FBS broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the authority that oversees and controls the Forex market in Cyprus. It is made up of a group of people chosen by the Minister of Finance, including individuals from various financial organizations and regulatory bodies. They work together to ensure that the Forex market operates fairly and according to the rules.
CySEC’s main job is to make sure that everyone follows the rules when it comes to Forex trading. They check if people are doing things the right way and investigate if they find any problems or mistakes. Their goal is to keep the Forex trading industry fair and safe for everyone involved.
Trading Platform
FBS provides three different platforms for trading: FBS Trader, MetaTrader 4, and MetaTrader 5. Each of these platforms has its own special features that can assist traders in their activities.
MetaTrader 4
FBS MetaTrader 4 offers many options for customization. It is easy to use and popular among forex traders around the world. With MetaTrader 4, traders can confidently trade in the forex market and other markets, making their trading experience more flexible and user-friendly.
It has over 50 indicators and different timeframes, so traders can customize their charts to fit their needs. The platform can be used on mobile devices like phones and tablets, allowing traders to trade from anywhere.
FBS Trader
The FBS Trader is a special app that has everything you need in one place. You can use it on your iPhone or Android phone. With this app, you can trade different things like forex, stocks, metals, energies, and cryptocurrencies. It’s a convenient way to do all your trading in one app.
You can always get help from customer service whenever you need it through the FBS Trader app, even at any time of the day. Plus, with this app, you can withdraw and deposit money anytime and anywhere in the world.
And here’s something cool: if you start using the app, you’ll get a $100 bonus to help you get started, and you can also get some money back, up to 20% of your deposit. With all these great features, you can trade more than 170 different things using the app.
MetaTrader 5
MetaTrader 5 is a new and improved version of the trading software MetaTrader 4. It offers more tools to help traders analyze and make decisions. Not only can you trade currencies, but now you can also trade stocks and commodities. This update also gives you more options for timeframes, so you can use different strategies when trading.
With the FBS MT5, you can customize your trading experience. You can create your own tools like indicators and robots to help with trading. There are over 90 indicators to choose from. The chatting tools in MT5 let you talk with other traders and learn more about the market.
The MT5 platform in FBS also lets you hedge your positions, which means you can manage your risks better. You can look at the markets from different angles with the 21 available timeframes. And to make sure your trading is smooth, there’s a special service called VPS that helps keep your connection stable and uninterrupted.
Account Types
FBS offers different types of accounts for traders to choose from. Let’s learn about the FBS account types.
- Cent Account: This account is great for beginners. You can trade with smaller amounts, starting from just 0.01 lot. It helps you practice trading in a controlled environment.
- Micro Account: This account is suitable for traders who want to start with a low deposit. You can trade using micro lots, which allows you to manage your risk effectively. The minimum deposit for a micro account is $5, and you can enjoy commission-free trading.
- Standard Account: This account is for forex traders with some experience. You can trade with standard lot sizes and enjoy features like a minimum deposit of $100, no commission fees, starting spreads as low as 0.5 pips, and leverage of up to 1:3000.
- Zero Spread Account: This account is designed for trading specific currency pairs with tighter pricing. You can start this account with just $1 and benefit from reduced trading expenses.
- ECN Account: This account offers direct market access and allows you to connect with liquidity providers. You can enjoy the lowest spreads and fast execution.
- Crypto Account: With $1 beginning deposit, you can trade cryptocurrencies easily. This account charges a fee of 0.05% for each time you open or close a trade. It offers flexible spreads that start from 1 pip, which is the minimum change in price. You can use leverage of up to 1:5, which means you can control a larger amount of money with a smaller investment. You also have the freedom to trade different amounts, ranging from very small (0.01) to very large (500) lots.
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.
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. They provides excellent resources as well as advice on forex education. However, this can be overwhelming for a new trader. They offer FBS academy, Webinars, Video Lessons, Seminars, and Glossary to provide education to the traders.
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.
