Throughout the year 2023, FBS broker worked hard to improve its performance, providing the best service to its clients. Here is a summary of its impressive work.
In 2023, it was a challenging year for financial companies as they all raced to win customers' hearts, including FBS broker. This multi-asset broker has worked hard and proven its performance to accommodate both novices and professional traders.
FBS is a broker headquartered in Australia, Cyprus, South Africa, Belize, the United Kingdom, and Nigeria. It holds five regulations: ASIC, CySEC, FCA, FSC, and FSCA—a testament to its commitment to regulatory standards to boost client trust.
Until now, FBS has served more than 10 million clients in 190 countries, with around 7 thousand accounts claimed to be opened daily. No wonder FBS is among the brokers offering low deposits, as low as $5, with comprehensive trading features supported by educational services.
So, let's find out how this broker performed in 2023.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
Trading Conditions Improvement
FBS broker has significantly enhanced its performance in providing trading services to its clients. Here are some of the trading improvements by FBS:
Increasing Trading Volume
Every year, FBS consistently achieves a significantly large annual trading volume. In 2023, FBS broker successfully recorded more than $543,000,000,000 annual trading volume by the end of the year.
For one year, a total of 2,500,000 new clients joined FBS. Presently, the cumulative number of clients at FBS stands at an impressive 27 million, with an additional 680,000 being IB partners.
550 Trading Instruments
FBS has long been providing a diverse range of trading instruments on its platform. This year, the FBS broker has expanded its array of instruments to 550 assets. These assets include forex pairs, metals, energies, indices, stocks, and cryptocurrencies.
Specifically for CFDs on oil and gas, FBS has reduced spreads by up to 30%. Advanced order execution is available, starting from a swift 0.01 seconds.
By offering a variety of instruments, FBS provides traders with opportunities to diversify their portfolios. Traders can easily switch to other instruments if one market is not profitable.
The multitude of choices also creates flexibility for clients to select trading assets according to their individual styles, strategies, and preferences. As a result, FBS can attract a wider range of traders, from beginners to experienced ones.
Additionally, FBS strives to respond to changes and trends in the financial markets, ensuring they remain relevant in meeting the needs of traders.
More Educational Offerings for Beginners
FBS is known as a beginner-friendly broker because it offers educational services in various forms. FBS analysts consistently monitor the market to provide the latest education.
Over the past year, FBS has significantly augmented its educational initiatives. These range from hosting webinars for newbie traders to conducting live-streaming trading sessions focused on online economic events.
Additionally, FBS generously shares over 800 reliable trading signals on its Telegram account, boasting an impressive success rate of up to 76%.
Bigger Leverage
Trading with high leverage is often sought after by traders because it allows for larger positions and opens up greater profit potential. However, not many brokers can offer it.
Most brokers with high leverage are usually regulated offshore, which tends to be less secure than larger regulatory bodies. The good news is that FBS now allows traders to use high leverage up to 1:3000—the highest in the market.
Additionally, this broker has three out of the top six regulatory bodies globally, ensuring its security is beyond doubt. The order execution is also faster and more accurate.
However, this does not eliminate the risks associated with trading using high leverage. Traders still need to exercise caution when utilizing this feature.
More than 200 Payment Methods
Payment methods are equally important for traders. FBS knows that by offering a variety of payment methods, clients have numerous alternative options for deposits and withdrawals.
This year, the ASIC-regulated broker ensures that there are more than 200 deposit and withdrawal methods available for traders. This includes options such as local bank transfers, credit cards, debit cards, Neteller, Skrill, FasaPay, cross-border wire transfers, and so on.
The availability of various payment methods can enhance customer satisfaction. When traders can conduct financial transactions in the way that is most convenient for them, it creates a more positive trading experience and builds trust between FBS and its clients.
Diverse payment methods also enable brokers to reach clients more easily across different parts of the world, and FBS has implemented this very effectively.
New Commission Payout System for Partners
Not only for traders but FBS broker has also enhanced their services for IB partners by introducing the new Commission Payout System, enabling them to receive up to 43% of the spread from their clients' trading orders.
This is certainly advantageous for both parties. Partners can enjoy significant profits, and the broker itself gains loyal partners. FBS now offers one of the highest IB partner payouts in the market.
Receiving 9 Global Awards
Throughout this year, FBS broker has successfully secured nine prestigious awards with details as follows:
- Most Reliable Forex Broker 2023 from the International Finance Expo
- Best Forex Broker in Africa 2023 from World Business Outlook
- Best IB Program Globally 2023 from World Business Outlook
- Best Client Support in Southeast Asia 2023 from World Business Outlook
- Best Forex Broker South Africa 2023 from Traders Fair & Awards
- Best Trading Account for Beginners 2023 from FxScouts
- Best Client Support in Latin America 2023 from Global Brands Magazine Awards
- Best Islamic Forex Account 2023 award from Forex Expo Dubai
- Best Financial Broker of 2022-2023 from Investment Summit in Upper Egypt
With that, FBS now officially holds more than 75 international awards and may continue to increase in 2024.
Partnership with Leicester
In the third consecutive year of their partnership with LCFC and for the much-anticipated 2023–2024 football season, FBS proudly assumes the prestigious roles of Official Partner and Official Training Wear Partner for Leicester City Football Club.
This sustained collaboration not only underscores FBS's unwavering commitment to supporting the club but also adds a touch of excitement to the upcoming football season.
The prominent display of the FBS logo on the training wear is more than just branding; it's a visual testament to the shared pursuit of success and the robust connection between FBS and LCFC.
FBS Global Roadshow
This year, FBS organized its impactful Global Roadshow, actively participating in financial, trading, and forex expos worldwide. Serving as a key sponsor, FBS contributed to six major industry exhibitions, spanning from southern North America to Southeast Asia.
FBS booths welcomed over 10,000 traders, becoming hubs for information exchange and networking. Beyond showcasing its services, FBS facilitated expert conversations, empowering trading communities globally.
This commitment underscores FBS's dedication to staying at the forefront of industry developments and directly engaging with the trading community, ensuring accessibility to the latest insights and resources.
CSR Activities
FBS made significant strides in giving back and empowering local communities in 2023. Their CSR initiatives spanned 10 countries in Africa, the Middle East, and Asia, focusing on education and poverty-related projects.
Through these efforts, FBS helped over 6,000 people, reinforcing its commitment to social responsibility and community development. Looking ahead, FBS remains dedicated to making a lasting difference in the lives of those in need.
FBS Plans in 2024
In 2024, FBS is set to launch innovative products, elevating the brand's service and reliability. These additions aim to redefine industry standards, offering traders advanced tools and features for an enhanced trading experience.
FBS remains committed to empowering its global user base, ensuring they have the cutting-edge resources needed to thrive in dynamic financial markets. This strategic move reflects FBS's dedication to continuous improvement and innovation, reinforcing its position as a leader in online trading.
FBS is a worldwide broker with a presence in more than 150 countries. More than 23 million traders and over 400k partners have chosen FBS as their preferred forex brokerage company. To provide the best customer experience, FBS organizes seminars and special events.