Most of new traders were taught in rather outdated environments, where the prices were displayed in four decimal pricing. That format are likely to be deprecated as its counterpart, five decimal pricing, rises in popularity.
Most of new traders were taught in rather outdated environments, where the prices were displayed in four decimal pricing. That format are likely to be submerged as its counterpart, five decimal pricing, rises in popularity.
Five decimal pricing, according to forex industry bigwigs, is going to be implemented accross the board for all major trading platforms, as it provides more precise ask & bid spread that every trader should be looking forward to.
Meet Pipette, A Fraction Of A Pip
Let's say you were trading in EUR/USD pairs, a unit of pip usually stands for US$10 in four decimal pricing where a single lot is offered at US$100,000, that's what the textbook said to you. However, you can only net US$10 profit by each increment of one pip alongside your ordered market directions.
Whereas in five decimal pricing model, you can gain a fraction more of that same aforementioned deal.
Note that a single pip in five decimal pricing valued at one-tenth of its counterpart in four decimals (e.g. US$1 to US$10, respectively). That's a smaller value though, so how can we gain a fraction more as mentioned before?
Given the same time frame, five decimals pricing moves much faster due to its tighter spread. By the time you made one pip profit in good ol' four decimals, you came up with at least ten pips or more if you're dealing with the new pricing model.
Easy, right? From the picture above you can figure out that the spread gives you 1.7 pips (see, a fraction more!), and that's only possible in five decimals.
It doesn't stop there, here are some other options that are also worth your consideration:
- Expert advisors (EA) love long decimals, more decimals equal to faster signals.
- Hey, we do know that there are traders looking for landslide spread to minimalize trading cost, can you get it any smaller than a fraction of a pip? Done deal.
- Scalpers, this is your nature-call, enough said.
Here Come The Brokers
Following the new pricing model hype, queueing major brokers appealed to us by giving options to switch from four to five decimals pricing or plunge headfirst to it from day one. As per this writing, here's a small example of retail brokers providing five decimals pricing. Pick at your own leisure.
This Russia-based broker will give us the option to switch to five decimals display exclusive to select a server, which is InstaForex-Europe.com. By default, Instaforex will offer us to trade in four decimals; even so, returning clients may transfer their balance to a new server by opening new accounts.
FSA (St. Vincent & the Grenadines), IBC22945
Interest rate on funds
Islamic accounts available
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
FBS already applied five decimal options to all of their account types; cent account, standard account, etc. Their unique feature is a rebate program where traders might gain kickbacks to each of their traded lots.
Variable and Fixed
Islamic accounts available
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 IFSC 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.
In all types of accounts, provided spreads start from 1 pip. 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 tools: 28 currency pairs and 2 metals.
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 depositing 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.
To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.
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, Dutch, 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.
XM suggests their clients use five decimals pricing model from the get-go, sayonara to four decimals. Tight spreads, no-commission policy, and leverage up to 1:888, all the top features traders wouldn't want to miss.
Interest rate on funds
Trading by telephone
Islamic accounts available
Requires sending documents via postal mail
Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
To help you choose better, here is the direct comparison between the three brokers above:
rated by 166 users
rated by 177 users
rated by 156 users
|Office(s)||Russian Federation||China, Egypt, Indonesia, Korea (Republic of), Malaysia and Thailand||Australia, Cyprus, Greece and Hungary|
|Regulation||FSA (St. Vincent & the Grenadines) IBC22945
FSC (BVI), SIBA/L/14/1082
IFSC (Belize), IFSC/60/230/TS/12
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
FCA (UK), 538324
FSP (New Zealand), FSP235905
|Minimum Position||0.0001 lot||0.01 lot||0.01 lot|
|Payment||AliPay, Bitcoin, Credit/debit cards, Litecoin, Neteller, Skrill, SOFORT, Tether (USDT), UnionPay and Wire transfer||Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer||CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer|
|Official Website||Visit InstaForex||Visit FBS||Visit XM|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turki||Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese||Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish|
|General Review||Read InstaForex Review||Read FBS Review||Read XM Review|
JijiNov 13 2020
Like this broker. Recommend.
Beckley UkJul 22 2020
I can't close my sell order with take profit execution, while everything is normal for buy order... so weird
AfdalJul 22 2020
My $1000 deposit got delayed so bad
Marcus NyJul 22 2020
I failed to log in even though I'm already sure that I write in the right account no. and trader password.
Tony BrownJul 22 2020
I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. For the asset options there are Forex, Commodities (even Soybean and Coffee futures), as well as US Stocks CFD
MxtradeJul 22 2020
I'm so turned off by this broker. My orders were forcefully closed in many cases. They should help their clients but they seem to trade against them. I canceled my plan to deposit in the real account.
I also research some information about them, and I'm so surprised by the many claims of them being a scam. Their license from a Russian association was also revoked.
Henry TaylorJul 22 2020
Accessing their features is getting more difficult each day..
Eric HendersonJul 22 2020
I requested callback for so many times but they never call me
WilsonJul 22 2020
I see a lot of traders join Instaforex and that their clients have reached 3 million. The customer support is helpful when I first register my account. I wish it can be a beautiful beginning
AryasaJul 22 2020
The WD form informs that the process will only take 24 hours. But it's not what really happens as I got nothing for more than 3 days. I think it has something to do with my account being a bonus account.
For your own sake, please improve yourself. You're my very first broker and I want to keep trading with you.
PriyJul 22 2020
I consider myself as one of their loyal clients. I have been with them for 5 years and I really trust their credibility. Yet, I currently have a problem with their withdrawal process. I have been requesting three times but they give no response to me. So irresponsible imho
Lewis AdamsJul 22 2020
I want to share my experience with InstaForex. I have been trading for 2 years with them and I also own a PAMM account as the trader. I'm still in college so I got a lot of time during the afternoon to trade.
I handle a lot of investors' accounts and I feel like it's very easy to make this PAMM module as my alternative side job to get an income with only my laptop and internet connection.
TraderYes94Jul 22 2020
I never face a problem with their deposit and withdrawal. But the strange thing is when my rebate bonus reached more than 3 million there are problems with my withdrawal
Yamasamu H.Jul 22 2020
I'm quite content with my trading in instaforex. They are reliable in their support. I have been helped so many times and they are always ready 24 hours. I started trading with only $1 and I could earn $300 9 months later. My favorite feature from them is their Forexcopy system.
ArmadaniJul 22 2020
I've been their client for 7 years. Their service is pretty good but the trading execution is troublesome at times. Hope they can fix it
Theo K DaviesJul 22 2020
I can't request deposit from the website, unlike any other brokers normally. The process is soo complicated I actually have to contact their IB. Also, there's no fix rate here.
While they got many trading instruments I can't trade with this broker seeing that the deposit process is so difficult.
Kevin RantJul 22 2020
You a**hole! I opened 20 lots of position during news release, 800% of margin, my SL and TP suddenly moved on their own. My SL was executed 30 minutes before the news release.
I didn't use any trailing stop. It got so bad that my account got MC eventually. Don't believe any of their bonuses. They're so cruel with their clients
Joco AndreasJul 22 2020
Here's my two-cent on InstaForex:
It's good since the beginning and there are many bonuses from Welcome Bonus, No Deposit Bonus, to InstaForex Club Bonus. My account is verified quickly and their Customer Support is always ready to help me during the verification process.
Farrel MayzJul 21 2020
Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker.
A few that I can mention include low minimum deposit (only USD1) and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.
Irwan BachtJul 21 2020
After more than 1 year I finally knew the downside of this broker. My profit for GBP/USD was canceled because of rule violation. Below is their email:
We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:
235.56 || CANCEL ERROR ORDERS
On your account xxxxx were fixed orders contradicting with point 3.14.6. of the Public Offer Agreement:
3.14.6. The Customer agrees to undergo a supplementary expert examination of the trading account, if it has been revealed that the trading methods of the Customer include opening and closing/opening lock positions with a less than 5-minute interval between them. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.
We apologize for the inconvenience, and feel free to contact us by email address firstname.lastname@example.org in case you have any questions.
This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta.
Raymon BildJul 21 2020
InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too
FranscescaJul 21 2020
Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs.
Robert ZappaJul 21 2020
I can trade with only $1 for initial deposit. Trading can't get any easier than this
Zayd QJul 21 2020
When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money. They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful
Ego FrJul 21 2020
I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful. It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on.
Rachel DeanJul 21 2020
After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all.
When I try to contact them via email and chat, they're very responsive and help me to send some verifications. They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex
Jim Tel54Jul 21 2020
My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. should be good for wd.
The support gave me some directions to email the antifraud. Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers
Onlyone RonJul 21 2020
My rebate was held and I received a WARNING LEVEL 2... My Ib explained I might violate some rules regarding close and open positions.
Ray LaFelleJul 21 2020
I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts. Everything goes well and the financial transaction is smooth too.
SamhJul 21 2020
Spread's too big, slow execution, fixed spread whtv
Matt EldryJul 21 2020
I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better
OeeProJul 21 2020
In their CFD Trading, swap rates are still applied although I trade with a Swap Free account
Angus DelaneyJul 21 2020
Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.
Robert83Jul 21 2020
Insta makes it hard to verify an account, it's so discouraging
Wisetrader nationJul 21 2020
I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker
SandersJul 21 2020
Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.
Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT4... smh
Yann SchmJul 21 2020
You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses
Diego JrJul 20 2020
The best broker is Instaforex. Easy deposit (15 minutes) and withdrawal. I gained profit USD50,000++ with them
Rick DaytonJul 20 2020
I like InstaForex 'cuz the rebate is the biggest...
There is a deposit bonus 30% plus rebate commission, so I get double profit
PatryJul 20 2020
InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:
1. Trading more than 1 lot will disturb their MT4 performance.
2. I've won a trading contest (rally fx) but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing.
3. Once, I received an affiliation bonus. It was $300 and credited to my MT4 Balance in just a day. In a one-sided decision, InstaForex canceled the bonus because of "some miscalculation" that caused my balance to be reduced by $300. My account was negative for several hours then turned back to normal the next day.
Simple FibonacciJul 20 2020
InstaForex is very suitable for trading with simple fibonacci strategy.
Terry PJul 20 2020
I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.
Rian Dwight G.Jul 20 2020
I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones.
I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad
MartinJul 28 2020
I have a good experience with FBS. The withdrawal is super fast
A couple of days ago I placed pending order but I found it not executed correctly so it's a bit disappointing. Hope it doesn't happen again
t. morozovJul 28 2020
Honestly, it's been 1 year since I opened an account in FBS and I never face any significant problem. Once I got a deposit problem due to the bad quality of the proof of payment. They requested me to resend the picture and all was good after that. For me they have the best withdrawal and client support
Always AndrewsJul 28 2020
I've tried withdrawing from my account 3 times and the total amount of withdrawal was $1500. I never run into problems. Everything's fine within 3 hours, and my trades are always executed perfectly.
Thanks FBS. Hope you can maintain your quality and keep being a trusted broker. I intend to trade for the long term after all
Da Perry BlackJul 28 2020
Imo FBS gives the best analysis to improve my trading performance.
Also, their promotion and contests are awesome
HunterJul 28 2020
Thank God everything's fine and I never meet any trouble trading with FBS. Every broker has their advantages and disadvantages, we just have to optimize the advantages and minimize the risk from the disadvantages.
Henry dayJul 28 2020
In my experience, FBS never gives me problems even when I requested some $1000 withdrawals. The process only took 2 hours most of the time.
My deposits are also great. Every time I'm researching a potential broker, I always read their terms and conditions, their promotions' pros and cons, so that I can never be trapped by said conditions.
Always put cautions when you trade and you will be safe trading in every broker.
Agustine_hartJul 28 2020
This broker actually suits me so well. Their deposit, withdrawal, and verification are all smooth. 5 stars for them!!!
Cole57Jul 28 2020
I'm sure everything will go well if we follow their terms accordingly. Like when we transfer funds, we should attach the proof for validation. I believe FBS is a professional broker considering their years of experience in this industry
Robert BakerJul 28 2020
FBS is good enough for me.. no problem so far.
Those who have problems with this broker... I never understand them. They're mostly trolls from competing brokers
Ivan SokolovJul 28 2020
I trade in FBS because of their efficiency in deposit and withdrawal. Sadly, their service has worsened lately. They used to process payment in hours now they can take up to more than a day
Lia AdmJul 27 2020
why is it so long to get pin recovery. i never receive help from the support. I need to withdraw my money!
Teddy WallaceJul 27 2020
I wonder why it's so difficult to log in the personal area even after I input the right email and password smh
GrahamJul 27 2020
I used to be an FBS client. I changed broker cz they failed my withdrawal requests. With the same trading strategy, I can be profitable and withdraw my fund in another broker.
FBS still has my respect, and I still have a plan to trade with them... maybe someday if I have disposable money. They have a good service for newbies after all.
The thing is, I hope they fix some things so clients can get better service. One instance is their PIN Recovery. It'd be better if they enable clients to click the code repeatedly, or just send it via email.
The one click policy is really bothering for most clients... and it's so unfortunate since any investment activity should not be bothered by such trivial matter.
Mason1000Jul 27 2020
First Impression: quick account opening and instant deposit.
But when it's time to withdraw, there's an incorrect pin notification. It's weird as I never change the pin.
What's worse is I have requested pin recovery for 5 times, each request takes up to 24 hours for verification, and every one of them always results with similar email replies; none of them takes me to a certain page revealing my new pin.
Ian ThompsonJul 27 2020
What an amazing experience I have with FBS.... Deposit went super fast. Now, what about the withdrawal? is everything still the same if I request $1000 withdrawal?
Ax_hendersonJul 27 2020
This broker is ok for me. Account funding is good without the fixed rate, quick process, and the MT4 server is also great. It is only the withdrawal that I'm not sure about.
TradeWiselyJul 23 2020
I don't have the slightest intention to smear their reputation, but what they did to me is just too cruel.
They did me wrong in so many things. But the most hurtful one is when they manipulate the closing price. Imagine to always got your price chopped when you're in the profit and to always have your price added when you're loss. Yes!! That's what happens to me regularly.
Just consider wisely before choosing this broker. You will find that you lost your money most of the times with this broker.
Philip CarlJul 23 2020
I had the worst experience trading with FBS.
I opened a Buy Stop on EU a few days ago, but the order was executed when the price moved lower. I checked it later and there was no evidence that the pair visited my Buy Stop level.
I've sent many complaints about it via email. And sadly none of them haven't been answered. Where is their responsibility????
PreestonJul 23 2020
I like FBS better and better every day. Their condition is one of (if not) the most accommodating for every type of traders. It really puts them in a high position among other brokers. Their cent account with leverage up to 1:1000 is a great opportunity for small traders to profit immensely.
Andrea MaxwellJul 23 2020
I'm one of FBS' loyal clients. I can testify that their payment process is always quick (only 1-2 hours), with low spread and responsive client support.
Their 60% deposit bonus is also very helpful as a trading credit. I manage to earn more than 500$ with the bonus.
El MajorJul 23 2020
Not bad. I give them 7.5/10.
Just wish that they keep prioritizing their clients and not make their tricks too harmful for clients' funds.
IcarusJul 23 2020
why did it take so long just to make a deposit.. argh!!
Jack.presleyJul 23 2020
Spread in my GBPUSD trades suddenly went up to 700 pips, but it benefited me since I place the trades in the correct position. But then my profits were canceled. Isn't it an obvious sign that they really manipulate the pricing?
SorenJul 23 2020
I almost "cheated" on my current broker to trade with FBS. What makes me avoid trading with this broker is the negative rumours spread among my trader friends. They said that getting verified in FBS is a nightmare. Also, the bonuses are mostly unwithdrawable.
Tinke NatalieJul 23 2020
Watch out for their bonus programs. Trading with the bonus account can disrupt your margin level. One of my clients got MC although his margin level is still 1000%. In my opinion, this kind of condition really mess up the money management. However, it's true that their withdrawal process is top-notch.
Barbera33Jul 23 2020
A little fact about this broker, they like to increase spreads on pending orders. At times it can even reach 40 pips. I saw it with my own two eyes a couple of weeks ago in my GU trades.
But I think it's quite normal even though some reviews have said the same thing about their "interest" to disturb GU spreads.
Speaking of withdrawal and deposit, I gotta admit that FBS is pretty good with them. They also give some traders 30% bonus for deposit to add their margin. Execution is fine and I never meet requotes
Abys RyanJul 23 2020
They said withdrawals only take 1-3 hours, but the fact is I haven't got my fund in more than 2 days. Where does my money go? It's like they disappear up in the air
Didier ZJul 23 2020
I sometimes doubt FBS considering their bad rep among traders. Most of their reviews are negative especially concerning their SL/TP execution that result in so many loss positions.
Edwin CalahanJul 23 2020
A few days ago my hedging position got MC. They put back my positions only after I emailed them about it.
Just so you know, spread widening is their go-to answer for this kind of problem
Dicky ShepherdJul 23 2020
I'm so disappointed in FBS. They modified my SL to increase my loss and canceled my Pending Order without any reason. I later learn that my Pending Order would've been ended up with profit if it was not canceled.
SantiagoJul 23 2020
I lost my trades two times just because of the MT4's poor performance. Their platform somehow differs from other brokers', both for the pricing and the indicator application. They failed my Stoploss so many times it makes me wonder why it seems like they don't bother to conceal their fraud at all
Nigel PetersonJul 23 2020
Most of the time the platform will disconnect. When it re-connects everything becomes lagging.
DominicFxJul 23 2020
This broker is a thief
When the market watch shows 00.00-02.00, the spread will jump and it can be up to 12 pips.
This is what makes many traders loss imo
Anders G.madsenJul 23 2020
Try to use an EA and u'll find many requotes and invalid prices
Marteen KhyrsJul 23 2020
After suffering an MC I was traumatized for two years. But then I found FBS about a year ago and I can say that their service is near perfect. The server is reliably fast and my withdrawal is accepted in less than 24 hr.
No requote in sight so far...
Alan 1156Jul 23 2020
The most accomplished broker I know. Almost all of the necessary trading feature is here. Withdrawal via local banks is also available, n the process is super fast XD
DanyHeitJul 23 2020
Two thumbs up for FBS. It is one of the most recommended brokers. They have customer support like no other. They don't make excuses. During my 1.5 year experience with them, everything's still fine.
Steve WayneJul 23 2020
I've tried trading here with low deposit and the service is pretty satisfying. Each problems are replied within 24 hours. I hope my withdrawal next month is also good, fast, and simple. Go FBS!
N AtikaJul 15 2020
FBS cheated my xau/usd trade. I got MC at 1480.93 while the price on MT4 is at 1479.39...
Vladimir R.Jul 15 2020
I'm very struck by the possibility of operating pharmaceutical actions with FBS. In these times of the Coronavirus, the health issue is in the first place, it's interesting to be able to trade the shares of pahrmaceutical companies.
P. RichardJul 21 2020
To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!
P. RichardJul 21 2020
To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!
NovrizalJul 21 2020
Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!
Mr. ZackJul 21 2020
I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D
R. NimiJul 21 2020
Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)
KaiandraJul 21 2020
The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!
IvanovaJul 21 2020
I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!
Cak MoestopoJul 21 2020
So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!
Salam from Indonesia.
Evan SJul 21 2020
XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.
Finn R.BJul 21 2020
I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD
Syarif ZJul 21 2020
Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!
W. BillieJul 21 2020
I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!
DemianJul 21 2020
I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!
C. LeeJul 21 2020
I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!
GabrielJul 21 2020
XM's website is very hard to load! I look for any bonus info but it takes for hours!
ShafeeyaJul 21 2020
I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,
ZalandraJul 21 2020
I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!
Mr. PawwwJul 17 2020
I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.
LylyJul 17 2020
I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.
GeorgieJul 17 2020
I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.
AshleyJul 17 2020
I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!
ZaheeraJul 17 2020
My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.
FeliciaJul 17 2020
I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me
AbbyJul 17 2020
I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D
PatriciaJul 17 2020
I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!
AbrahamJul 17 2020
Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!
ReginaJul 17 2020
I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!
BerlianaJul 17 2020
One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!
CathyJul 17 2020
Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!
ElenaJul 17 2020
It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!
MatthewJul 16 2020
I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!
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