Our FBS Review
FBS is an international broker and providing trading services to its clients since 2009. In fact, traders in millions are catering to FBS only because of the brokers’ cutting-edge technology, numerous advanced trading tools and well-equipped trading software.
The FBS CFD trading platform was founded in 2009 by investors who were interested in trading research and technical analysis. FBS provides global markets with transparent and trusted applications for more than 27M CFD traders.
Today, FBS is an international brand present in over 150 countries. The brand unites several companies offering their clients opportunities to trade Margin FX and CFDs. The companies include FBS Markets Inc. (licensed by IFSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).
Another vital fact of FBS is, that the broker has the highest positive consumer reviews and 80% of its clients are forever clients.
Earlier, the broker was established in Belize and later on it achieved the Cyprus Regulation. Now FBS is simultaneously servicing European traders as well as brokers from any corner of the world.
What are the profits of trading with FBS?
- Best choice for high risk oriented traders since FBS provides leverage of 1:3000
- Multilingual customer service for helping out customers from any country of the world
- For non-ASIC regulated regions, FBS has a free trading platform app so that traders can continue their trade from anywhere and anytime
- For testing own trading strategy, every account type of FBS provides the demo account facility
- Low spreads (0) And commission help out and release the stress of the traders.FBS covers highly fast trading execution (within 0.40) in almost 95% of their account types
- IFCA and FSCA regulated regions of FBS broker enjoys free social trading app- dedicated to those traders who are interested to follow the footstep of the most experienced and knowledgeable traders
So what are CONS of FBS?
- Depending on payment types, there can be deposit and withdrawal fees.
- Non-EU, UK and Australian citizens are having more account options than the citizens of their respective countries.
Awards
FBS is distributing its service in the trading industry since 2009 and has achieved a multitude of prestigious broker awards. Here is a list of the awards delivered by the renowned organizations:
- The Best FX IB program
- Best Forex Broker Southeast Asia
- Best Fx Broker Indonesia
- Best Forex Broker Vietnam 2019
- Best Forex Broker Thailand
- The Most Progressive Forex Broker Europe 2019
- Best International Forex Broker
- Best FX IB Program-China 2017
- Best Customer Service Broker Asia 2016
- Best Investor Education- 2017
- Top IB Program 2016
- Best Forex Broker Asia 2018
- Highly Recommended Broker Insurance Company in Indonesia of the Year
- Best Copy Trading Application Global- 2018
- Best Forex Brand
- Best Forex Trading Account 2018
- Asia 2015
- Most Transparent Forex Broker- 2018
- Best Broker in the Middle East
- Best Safety of Clients Funds Asia 2015
- Best broker in Asia-Pacific region 2015
- Best Broker in the Middle East
Achievements
- Preference level
FBS gets an immense response from traders worldwide. Every day approximately 7000 traders + Partner account is opened on the FBS website.
Since clients can multiply their initial deposit by 8x to 10x, the platform is so popular among clients since decades.
And most surprisingly, 48% of the traders consider FBS trading platform as their main source of income.
- Seminars and meeting events
FBS arranges completely free seminars and special events. In those meetings, FBS provides its clients cutting-edge technologies, materials even the latest strategies in the market.
And to add more brand value FBS sincerely arranges every event with enough prior plans and preparation.
To keep in touch with traders either newbies or experienced, FBS organizes all of their events which gives a family atmosphere vives to the traders.
In between meetings or event breaks the broker delivers delicious foods, tea or coffee.
- Swap-free accounts
FBS is concerned about Islamic laws and providing swap-free accounts to the residents of Muslim countries
- Consumer’s reliability
Every consumer of a forex broker relies on the broker’s authenticity and its regulations. Since FBS is a powerful broker having strong registration, trading with FBS may turn more comfortable for the traders.
- Forever clients
Most of the clients of FBS consider staying with the broker for their further trades. And the amount can shock anyone hence it’s up to 80%
- High withdrawal ratio
In FBS site withdrawal request volume is 20 per sec.
- Participants
The broker has participants from 150 countries, has 23 000 000 traders, 410 000 partners and the net profit generated by the clients is $500 000 000.
How Are You Protected
In terms of security and money protection, our study shows that FBS is regulated by the MiFID regulatory body. FBS is a Cyprus-based investment firm and that’s why it falls under the Compensation Scheme.
The Compensation Scheme will make sure your money doesn’t waive away if the broker’s insolvency issue takes place, unfortunately.
FBS can make sure negative balance protection for its clients. Since the broker directly stocks traders trading amount of money in a segregated account for added security.
FBS Regulation
FBS is having three different entities of regulations and they are- for EU and UK citizens CySEC under license number 331/17, for Australian traders regulation under ASIC and for any international trader it has IFSC & FSCA regulations.
Leverage
If you are a beginner-level trader you should be highly concerned about the leverage and how to utilize it. Leverage makes your initial balance high and makes sure you do open trade with a big balance in your trading account.
If you make a profit the entire profit is yours. On the contrary, you need to count the gross loss if the trade goes against you. In FBS if you are trading in an EU entity, they will provide 1:30 leverage. At the same time, for International clients, FBS will provide awesome leverage starting from 1:1000 to 1:3000.
Types of accounts in FBS
Standard – Indeed, the Standard account is built To meet up the high demand of the FX market and to foreshow new challenging heights to the expert traders. The initial deposit starts with $100, spread counts from 0.5 pip, order volume fluctuates between 0.01 to 500 lots with 1:3000 leverage.
Cent- If you are on the shore of succeeding in FX trading, you should choose this Cent account where the initial deposit is only $1, the spread is 1 pip minimum, in addition to it, Leverage is up to 1:1000.
Micro– Traders who love to minutely calculate the profit or loss should opt for the Micro account where the deposit initial is only $5. Spread is fixed from 3 pips and order volume is 0.01-500 lots moreover leverage is so high up to 1:3000
Zero- This account type best suits traders who like to trade with zero spread and at the fastest speed. Zero accounts give leverage of highest 1:3000, order volume is 0.01-500 lots. The initial deposit starts from $500.
ECN– FBS is offering ECN accounts for those who want to feel the utmost power of ECN technologies. ECN account provides these offers: you need to open trade with a min $1000, the spread is -1pip, order volume 0.1-500lots and last but not least their leverage is 1:500 highest.
Crypto- Newbie traders are more likely to trade with diversified and possibly upcoming assets or currencies. FBS is also concern about the taste of their traders.
That’s why providing crypto trading with over 100 instruments with relatively low spreads. The Crypto account has a demo trading facility as well.
This account offers 1:5 leverage, $1 is the minimum deposit amount, USD(Tether) is the medium of trade, opening commission is 0.05%, closing commission is 0.05%
Trading Instruments
FBS offers almost every trading instrument. Here is a list-
- Forex
- Metals
- Indices
- Energies
- Stocks
- Forex Exotic
- Crypto
In a nutshell, there’s a wide range of instruments to choose from while trading with the FBS broker. Here is a list of the instruments: Forex (standard 28, exotics 16), Metals ( 4), Energies (WTI & Brent crude oil), Stocks for global clients ( 40US, 30UK, 30 German companies), indices(NASDAQ and so on) and another charming instrument of FBS broker is Cryptocurrency.
What are the Fees, Spreads and Commissions of FBS?
With FBS you need to be concern about currency spreads since it’s the trading fee and it is applicable to any currency pair of the broker.
Moreover, depending on your location you might be subjected to withdrawal fees as well. Besides, if you like to hold the trade overnight and for any reason, if you remain inactive you need to pay the overnight fee and inactivity fee respectively.
So let’s have a quick look at spreads and commissions applied to different account types of FBS-
| Account types | Spreads | commissions |
| Cent | 1 pip floating | $0 |
| Micro | 3pip fixed | $0 |
| Standard | 0.5 pip floating | $0 |
| Zero standard | 0 pip fixed | $20 |
| ECN | -1 pip floating | $6 |
| Crypto | 1 pip floating | 0.05% opening and closing positions |
Deposits and withdrawals
With FBS a trader gets several amazing options of deposit and withdrawal. Every deposit process is done instantly though all the popular methods like- Visa, Neteller, SticPay, Skrill and Perfect Money.
There’s no commission charge is attached with the deposits. But only for depositing USD through SticPay, the commission charge is 2.5% + 0.3%.
And in terms of withdrawal, we are getting diverse options like Visa, Neteller, StickPay, Skrill, and Perfect Money. Here, though all the methods the processing time is 15 to 20 mint highest. If we talk about commission then via visa( USD/EUR) the charge is $1, Neteller (EUR/USD) 2% min- $1 max, SticPay(USD) 2.5%-$0.3, Skrill(EUR/USD) 1%+ $0.32 and Perfect Money USD/EUR 0.50%.
FBS Minimum Deposits
On FBS website you are going to have a number of account types and every account type has different features. Based on which account type you are choosing the necessity of the least deposit balance varies.
If your account type is Cent then min deposit must be $1, Micro account minimum deposit amount is $5 USD, Standard account min deposit value must need be $100 USD, for Zero Spread account type min value of deposit $500 USD, for ECN its $1000 USD and for the Crypto account type, the min deposit starts from $1 USD.
Trading platforms
1 . Trading Platforms- MT4, MT5 Basically after logging in, a trader gets to use two platforms MT4 and MT5. Both of the platforms are non-dealing desk platform with negative balance protection as one of the core features. A trader can get to log in both of the platforms without installing any software via the WebTrader solution. In fact, a trader can get access to the platforms from any of the systems below- Apple iOS, Web, macOS, Windows, Android or Multiterminal.
2. Web Trading is a very handy platform for any FBS user since with any preferable browser a trader can easily access the trading website. The traders only need to log in to their account through any browser and they don’t need to install any apps or software. In web trading, the traders don’t get many options to customize the interface.
3. Desktop Platform Providing add- ons and other options FBS is providing the desktop version of their platform and it is highly preferable for the highly active traders and even professionals. If you are keeping interested to trade in the international entity of FBS, you have all the freedom to use their very updated MT5 platform.
4. Mobile Trading Platform Nowadays every individual prefers to have mobile-friendly trading apps so that they can keep an eye on the FX market and execute their trade on the go anytime and anywhere.
How to open an account with FBS Broker- step-by-step process
Opening a trade account with FBS is not rocket science at all. Simply just go to the FBS brokers website via your mobile or pc and click on the registration button.
Provide the required basic info like first name, last name, country of origin, phone number, email address, gender and age; set a password and click on register account. Later verify your account through the verification link sent to your Gmail account.
Once verification is done you can log into your account using the email address and password while registering with the broker.
When you will sign in the broker will open up the personal area for you. The personal area is a mirror to your account condition where you will get a summary of your trading condition, win or loss trades and account balance.
To start trading with the broker’s website now you need to pass though the identity and resident verification. For person identification, you may need to submit your selfie or scan copy of your driving license/NID card/passport and for location verification, you need to upload recent pictures of any of the utility bills like gas/water/electricity. After all the formalities is done you can move forward with trading. Select the account type, currency and leverage and start trading from now on.
What are the Special Features of FBS?
Customer support
Unlike other irresponsible brokers, FBS has a highly responsive customer care team. Anyone can easily get the service via SMS, chats, phone calls, emails and through every popular social media application.
Education
We know that in trading, proper education and technical analysis is the core element to become a successful trader. Luckily, FBS is providing tons of educational materials like video lessons, trading guides books, webinars, numerous tricks and tips and so on.
Research
FBS knows that traders are highly keen to know the updated Forex news and market condition. Apart from MetaTrader build-in research tools, FBS is providing highly updated research tools to meet up the demand of their customers.
When a trader opens a trading account with FBS he/she gets automatic access to an Economic Calculator and a currency converter on the trading website.
FBS is facilitating its respective traders with Forex TV, daily market analysis and every minute detail of the FX market.
Affiliate Program
Besides regular trading, a client of FBS has the option to generate extra money only through sharing the affiliate link of the broker. When a new trader signs into the broker’s website using the link and executes trades you get a commission.
Traders coming to FBS’s site using your sharing link whenever trade a lot you can get 15% to 80% of his profit.
Bonus programs of FBS
- Sign-up bonus.
FBS provides a special sign-up bonus to new or existing clients. Specially for the newcomer FBS offers big exciting bonuses in the form of level up, quick start, cashback and a welcome bonus.
- 100% deposit bonus
This is a 1st time sign-up bonus in one word because a new trader gets a fully 100% bonus of his initial deposit. A trader can utilize the 100% 1st-time deposit bonus anytime without being scared of its expire date.
- Level up bonus
The level-up bonus is for those traders who open a level-up bonus account. Thus they get a free $70 USD bonus in their personal area and $140 in the personal area app.
- Cashback
The cashback offer is an unlimited time free service and a trader may have the service from his personal area.
Considering the total amount of trading volume in a month a trader gets the cashback.
FBS demo account
As a highly renowned and customer-oriented broker, FBS offers demo accounts in its every account type.
The biggest positive side of a demo account is, that traders can trade as much as they want and practice trading in a live account-type environment.
Trading in a demo account allows a trader to practice his trading skills and develop a strategy without depositing any real cash. A demo account has 45-90 days of validity but a live account trader can request its validity to the last non-expiry.
Islamic account
FBS has Islamic swap-free accounts as standard swap-free and cent swap-free. Traders from Islamic countries can opt for opening accounts under the swap-free accounts.
Especially, by default, a resident of an Islamic country gets swap free account.
Bottom Line
At a glance, FBS is a perfect broker for both experienced and a newbie. Also, the broker is providing competitive spreads, and a wide range of trading options under widely popular platforms like MetaTrader4 and MetaTrader5.
The broker scarcely imposes any minimum deposit. Indeed, anyone can allocate $1 and try their first hand at trading with FBS broker.
one more attractive facility of the broker is, there are no withdrawal limitations. The site has almost all the advanced and necessary trading tools like Economic Calendar, Forex calculator and currency converter.
Without any requotes a trader can enjoy delay free trade executions and get 24/7 customer service. A trader may get a completely free $140 level-up bonus and start trading immediately.
There’s no need to risk a big amount of investment with the broker’s platform. Instead with only $1 you can start trading in the micro account.
Overall, low spread starting form -1 pip, high leverage 1: 3000 and easy payment methods make sure that FBS gets enormous customer response on a constant basis.
FBS FAQ
1. Does FBS give bonuses to its clients?
Of course, it provides a Welcome bonus of $140, a 100% deposit bonus and cashback offers to it’s existing clients.
2. Can we trust FBS or not?
No doubt, FBS is $100 trustworthy.
3. Is Demo trading possible with FBS?
Yes, you can opt for a demo account.
4. Is there any minimum deposit balance required to start trading with FBS?
With min $1, you can open a trade.
5. Does FBS have the facility to withdraw the bonus?
You can’t directly withdraw the welcome $140, but you can use the bonus on trading and generate profit, thus withdrawing the amount.
6. What is the withdrawal processing time for FBS?
The withdrawal processing time can take up to 1-2 business days.
7. What are the platforms FBS offering?
The platforms are MT4 & MT5.
8. Where is FBS regulated? To offer to trade to EU traders it has regulation under CySEC and for international traders IFSC regulation.
9. Does FBS broker covers the commission charge?
Yes, FBS is taking care of the commissions.
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It’s a cool broker! I like it. I am happy I can ask support in my language. My english is not good but I want trading forex.
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