FBS
Regulated by IFSC, CySEC
Pros
- Offered 1:3000 Leverage,
- Offered local Deposit,
- Live Chat 24/7,
- Accept Bitcoin
cons
- US clients not accepted,
- PayPal not accepted,
- No PAMM services,
- No VPS services
Introduction
In this ever-evolving Foreign exchange industry, FBS is indeed rolling as a BIG name since the dawn.
This widely controversial brokerage was formed back in 2009 and it's been operating globally since then.
The broker was entitled as well as awarded numerous achievements over time.
Besides, FBS was not always meant to be a Cyprus-based brokerage as it was first fabricated only in Belize.
To be completely honest, the expansion was quite a necessary initiative so that more traders can enjoy the smart and secure trading environment of FBS.
Despite having a HUGE pack of features, the brokerage is heavily regulated as well as offers a vast number of effective trading tools.
As if that's not enough!
Broker Details
- Minimum Trade Size: 0.01
- Maximum Leverage: 3000:1
- Minimum to Open Live: $1
- Established: 2009
- Address: No.1 Orchid Garden Street, Belmopan, Belize
- Contact: support@fbs.com, +35 7251 23212
- Regional offices: Cyprus, Marshal Islands
- Prohibited countries: Brazil, Canada, Iran, Isreal, Japan, Malaysia, Myanmar, United Kingdom, United States
- Trading platforms: MT4, MT5
- Web Trading: Yes
- Mobile Trading: Yes
- Currencies: (35+)
- Cryptocurrencies:
- CFD: (3) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
- EAs/Robots: Yes
- News Spike Trading: Yes
- Scalping: Yes
- MAM: No
- PAMM: No
- ZuluTrade: No
- Deposit
Methods:
VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
- Withdrawal
Methods:
VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
Trading Conditions
FBS offers 4 types of trading accounts which are categorized specifically so that traders can choose the suitable trading account for themselves.
However, the account types usually go like this:
- Cent Accounts
- Standard Accounts
- Fix spread Accounts
- ECN Accounts
Let's get a closer look at those accounts:
To begin with, the Cent accounts are specially made for beginners who've just been introduced to the most volatile market ever.
The account only requires a deposit amount of $1 along with that they'll be granted a relatively low spread of 0.1 pips. Besides, the cent accounts don't require any extra commissions.
And then it's time for the Standard trading accounts to come into action as it is solely made for specific traders who are in between both the newbie and experienced category.
The required deposit amount here is $100 with a spread of 0.5 pips and a leverage rate of 1:300. Most importantly like the cent accounts, you don't need to pay any extra commissions on this.
Moving on to the Fixed spread accounts which also goes by the name "Zero spread account" as it offers a spread rate of 0.0 pips.
That's the reason why it charges a commission fee of $20.
Furthermore, the minimum deposit amount is $500 which is required to use the account.
And as for the ECN trading accounts, well it's for expert market figures only whose primary objective is to trade on a long-term basis.
The required deposit amount for the ECN is $1000 with a commission fee of only $6 and which is without a doubt quite low compared to most other brokers.
Not only that, you'll get a leverage ratio of 1:5000 in the ECN accounts.
Lastly, FBS prioritizes market execution more than instant execution which is completed through the NDD(Non-Dealing Desk) process.
Products
FBS is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!
As they also offer a wide range of market assets to trade on except cryptocurrencies which is undoubtedly a major drawback. But on the bright side the renders:
Forex: You'll be eligible to trade on more than 28 currency pairs including 16 exotic pairs.
Metals: Availability of precious metals including gold, silver, platinum.
Energies: Availability of hugely traded energies like Brent crude oil, WTI.
Stocks: You'll be able to experience up to 40 major company shares.
Indices: You'll be able to trade on a wide range of indexes including the HUGELY popular NASDAQ.
Note: Due to diverse legal statics FBS doesn't allow any traders to trade on cryptocurrencies especially BTC.
Regulation
If it ever comes to regulations and licensing FBS has what it takes. To be more specific, they can outperform their competitors in the aspect of legitimacy. Moving on, FBS is regulated by two of the tightest regulatory bodies in the entire trading sphere.
Which goes like this:
The EU division is regulated by CySEC (Cyprus Securities and Exchange Commission)
The global division is regulated by IFSC (International Financial Services Commission of Belize)
Hold on, more incoming!
In the EU region, FBS also provides negative balance protection which has proven to be a MASSIVE advantage for the retail market traders in recent days.
Note: FBS doesn't accept any clients from the USA; rather than that if you're from other Asian and European countries, you're good to go.
Platforms
FBS is not only considered as one of the tightest and secure Foreign brokerages but also it is widely known for providing a wide range of trading opportunities which obviously includes multiple trading platforms.
Being an NDD (Non-Dealing Desk) brokerage, FBS uses a rapid order execution as well as they render two of the most used trading platforms which are none other than,
- MetaTrader 4
- MetaTrader5
The MT4 trading platform of FBS is HUGELY customizable and available for both PC and mobile devices. The platform also features an ultra-wide range of trading indicators and charts, availability of EA's, one-click execution, private VPS, and much more!
Moving on, as for the MT5 trading platform of FBS, well it's more of an updated version than the previous MT4. As a result, the trading tools and UI customizations are also top-notch.
That's not it!
The platform is quite versatile and that's why traders with diverse trading methods will also pretty much be a fan of it.
Out of the hood, the platform features depth market views, more technical indicators, and trading charts compared to the MT4, hedging, and nutting are also available, Finally, you'll be getting more time frames along with order types.
Note: FBS offers a web trading version for both the MT4 and MT5 trading platforms so that the traders don't have to undergo an unnecessary installation process.
Mobile Trading
When it comes to mobile trading apps, FBS has opened a door to new possibilities. How?
Well, the CEO of FBS has ensured that they will provide a personalized trading app that goes by the name "FBS Trader" along with their other trading apps. In addition, they provide both the MT4 and MT5 trading platforms in their mobile trading app.
And guess what, the trading app is loaded with awesome and effective trading features including several trading indicators, technical analysis, one-touch execution, time frames, copy trade, social trade, economic calendar, and much more!
Apart from that, the mobile trading app of FBS comes with multi-language support along with a user-friendly and easy-to-use interface.
We know, as if that's not enough, right
Bonus & Promotion
Let's face it!
There are still some myths about Forex trading that need to get a proper disclosure. Such as a broker is considered a scam if he provides certain trading bonuses and promotions to traders.
Like seriously!
Moving on, out of all people the traders know that FBS is a trusted name that too for a reasonable amount of time. And yes, they do provide trading bonuses including a sign-up bonus which is given to the new traders.
So, if you wish to get one of those then simply register an account with FBS and get a $100 welcome bonus.
Note: Though FBS provides a welcome bonus to certain traders, you won't be getting any referral bonus from them.
Deposits & Withdrawals
FBS is well aware of the fact that providing multiple transaction methods is quite significant.
So, they've lived up to that by providing an ultra-wide range of transaction methods including bank wire transfer( available in EU only), Visa, MasterCard, Neteller, Skrill, i.e.
Besides that, the required minimum deposit amount of FBS (EU branch) goes like this,
- For the cent accounts: €10
- For the standard accounts: €100
On the other hand, in the global accounts, the minimum deposit starts from $1 which is required for the cent accounts. In the same way, $5, $100, $500, and $1000 are needed for micro, standard, Zero spread, and ECN accounts.
Though the brokerage offers instant deposit, however, the withdrawal process can get real cranky sometimes as it requires more than 48 hours to proceed.
Customer Support
Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, FBS also fabricated a 24/7 superactive customer support protocol.
Which can be accessed via a live chat system along with phone and email communication. And that's not all, their customer support comes with multi language support including English, Portuguese, Spanish, German, Italian, and French.
Here's the contact info, in case you might need to contact them:
- Phone number: +357 25313540
- Email address: info@fbs.eu
Research & Education
Forex education materials are a great way to find your way through this unstable at the same time volatile trading industry.
As it can help you to stay up to date with a lot of things. Respecting the significance of educational materials, FBS is committed to providing an effective and diverse learning center.
Where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot! It is well organized and also made in using a user-friendly perspective.
So, the beginners could get a hold of everything that's been going on!
That's not all, for exclusive research purposes, you'll be given access to Forex calculators along with economic calendars.
