FBS Review
FBS is a well-established broker since 2009. FBS has headquarters in Australia, Cyprus, South Africa, Belize and United Kingdom. FBS to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by ASIC 426359, CySEC 331/17, FSCA (South Africa) 50885, IFSC (Belize) IFSC/000102/310 and FCA temporary permit 808276.
FBS is an international brand present in over 100 countries. Independent companies united by the FBS brand are devoted to their clients and offer them opportunities to trade margin FX and CFDs.
The company has been recognized for its remarkable achievements, such as:
- Over 40 international recognitions and awards.
- Home to over 13,000,000 clients.
- 7,000 new accounts are opened every day.
- FBS receives and processes one withdrawal request every 20 seconds.
- 80% of FBS clients remain loyal to the broker.
- 48% list trading revenues generated at FBS as their prime source of income.
- FBS serves clients in 190 countries.
Major Information
💲 Min Deposit $1
⚖ Max Leverage 1:3000
💡 Min Position 0.01 lot
🌐 Website fbs.com
⌛ Year Established 2009
3.25/5
Extensive Review
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.
Company Information
Features
💰 Bonus offers
🏆 Trading contests
📖 Free education
🕋 Islamic accounts available
🗺 Vps
Account Information
Apart from the forex demo account, this broker offers Standard, Cent, Zero Spread, ECN, Micro and Crypto. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FBS is up to 1: 3000. Meanwhile, you can open an account with a starting capital of $1.
FBS offers 5 account types:
- Standard: The minimum deposit for the Standard account is $100 whilst the minimum order volumes are from 0.01 lots. This account comes with variable spread, pending orders, one-click trading, mobile trading, automated trading, and trailing stops. There are also the options to use hedging or scalping strategies with trading robots (Expert Advisors). Swap rates will also apply to positions carried over into the next day.
- Cent: The Cent account requires a reasonable minimum deposit of only $1, a minimum deal size of 0.01 lots, and offers a fixed spread. This account also charges swap fees on positions left overnight and compatible with Expert Advisors. Cent Account features various tools, such as pending orders, one-click trading, mobile trading, automated trading, trailing stop, and importantly, they offer hedging and scalping.
- Zero Spread: minimum deposit in most cases is $500 and comes with a 0.01 lot minimum trade size. Spreads at Zero Spread are fixed. Zero Spread also available with advanced features including Expert Advisors, pending orders, one-click trading, mobile trading, automated trading, and trailing stop. Other costs to be aware of is this account charges overnight swap, but on the other hand, allowing hedging and scalping strategies.
- ECN: ECN traders have to deposit a minimum of $1000 and trading volume from 0.1 lot. This account is delivered with one-click trading and offers Expert Advisors, mobile trading, automated trading, trailing stop, as well as pending orders. ECN allows scalping and hedging strategies.
- Micro: The minimum deposit for a Micro trading account is $5. The minimum lot size is 0.01. Live spreads are fixed at Micro. Traders can use one-click trading, mobile trading, automated trading, as well as a set of pending orders and trailing stops. Unfortunately, scalping and Expert Advisors not allowed.
Min Deposit
$1
Max Leverage
1:3000
Spread
Variable and Fixed
Commission
$6
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for Standard account, FBS specifically provides it with the following instruments and leverage:
💲 Min Deposit $1
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for Cent account, FBS specifically provides it with the following instruments and leverage:
💲 Min Deposit $500
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $20
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Forex, Gold & silver and Futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for Zero Spread account, FBS specifically provides it with the following instruments and leverage:
Forex
1:3000
Gold & silver
1:400
Futures
1:33
💲 Min Deposit $1000
💡 Min Position 0.1 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $6
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for ECN account, FBS specifically provides it with the following instruments and leverage:
Forex
1:500
💲 Min Deposit $5
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for Micro account, FBS specifically provides it with the following instruments and leverage:
Forex
1:3000
💲 Min Deposit $5
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Fees
FBS doesn’t offer ECN accounts and therefore is not charging trading commissions. Spreads start from 1.0 pip and increase depending on the liquidity of the currency pair. Muslim traders can’t be charged an overnight rollover/swap fee since they are prohibited by their faith to accept or be charged interest.
Even if you deposit or withdraw from FBS, you won’t be charged additional costs, which represents an added service to Forex traders and reduces the overall cost per trade.
Instruments Traded
Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
FBS offers a rather variable ion of assets:
- 28 standard pairs plus 16 exotics
- 4 precious metals
- WTI and Brent crude oil
- 40 company shares (global only)
- A long list of cash-based indexes including the NASDAQ
- Cryptocurrency
As for Crypto account, FBS specifically provides it with the following instruments and leverage:
Crypto
1:5
Payment Methods
FBS offers funding by credit cards, bank wires, and Skrill or Neteller. Deposits are processed as an instant with the exception of wire transfers. Withdrawal options are the same as deposit options and Forex traders are required to request a withdrawal with the same method the deposit was conducted.
There are no fees for withdrawals, but Forex traders may still face charged from the payment processor. Withdrawals through credit cards are processed by FBS within one business day, though other payment providers may have their own processing times: like bank wires within 48 hours and Skrill or Neteller requests between 15-20 minutes with a maximum of 48 hours.
Multiple payment options are available for funding and emptying live trading accounts, such as:
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
FBS also provides payment with Credit/debit cards, UnionPay, Perfect Money and Local bank transfer
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, FBS offers you MetaTrader 4 (Limited with 45 days of inactivity).
- MT4: While MT4 is available as a free download from FBS’s website and is compatible with Windows and Mac computers, the forex broker makes no effort to offer traders something which is not included with the standard operating license for the MT4 Trading Platform. Though the platform houses over many features, it should not be credited to what FBS offers. The platform’s only major drawback is social trading or copy trading remains absent as FBS once again sticks to its minimalistic approach.
- MT5: MetaTrader 5 features consist of expanded options to create technical indicators, trading robots and utility applications along with 90 indicators and charting tools, one-click trading and embedded news, 6 types of pending orders, economic calendar, hedging positions, 21 timeframes, and VPS service support.
- FBS Trader: A powerful trading platform in a mobile format offers a smooth trading experience with an easy-to-use application, even for novice traders. You can access financial markets anytime and anywhere accompanied by professional 24/7 chat in 16 languages.
Unique Features
FBS does very little outside normal operating procedures, but to prove that FBS is a serious contender for the trading industry, it manages to collect multiple awards.
Research and Education
FBS stands out amongst our forex broker reviews for its educational courses and research tools:
- Forex News: Traders get access to Forex news and have the option to filter the articles by commodities, currencies, stocks, and economy.
- Daily Market Analysis: The FBS Daily Market Analysis is broken down into technical analysis and fundamental analysis and may offer the best feature this broker offers. Forex traders can easily navigate the research. The fundamental analysis is a bit more detailed and offers Forex traders basic coverage of key topics.
- Forex TV: The Forex TV section is broken down into Weekly Insights, Daily Trading Plans, and Webinars, and FBS has spent the most attention on this part. The Weekly Insights section may be the most relevant which walks traders through important events as marked in the economic calendar. New traders may find the Daily Trading Plans to be useful, especially if they don’t have their own trading strategy developed yet.
- Forex Guidebook: New traders will find this course very useful and it is broken down into four sections: Beginner, Elementary, Intermediate and Experienced. This may be the most beneficial feature to new traders who are serious about learning how to trade.
- Tips for Traders: This section is for more advanced Forex traders who are in the process of developing their own trading strategy or trying to decide which trading strategy to follow. It is filled with different trading strategies with quick explanations of how to deploy them.
- Forex Webinars: FBS offers free webinars, but registration is required in order to participate.
- Video Lessons: FBS has made an effort to create interesting video lessons which are broken down into different categories.
- Glossary: A glossary can be accessed from the FBS website and some traders may revert to it in order to get clarity on certain terms.
Bonuses and Promotions
Bonus and promotion features are usually not available since such enticements are frowned on by regulators. However, FBS offers bonuses and promotions under different regulatory frameworks that you can read on its website:
- Lucky T-Shirts
- FBS Traders Parties
- Get Car from FBS
- Level Up Bonus
- 100% Deposit Bonus
- Cashback
- Leverage 1:3000
- Quick Start bonus
- Referral Program
- Risk-Free Investments
Customer Support
Do you have any question or find any trouble related to FBS? If you do, you should reach FBS's support to get the information that you need. Here is the detail of the broker's customer support:
FBS customer support team is available at all times via e-mail, even when the forex market is closed. For the convenience of their clients, FBS has a multi-lingual support staff 24/7.
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About FBS
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FBS is a good broker for you or not by reviewing the criteria. In general, FBS provides trading service in Forex , Gold & silver , CFD , Futures and Crypto . As for the payment methods, you can choose between Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer. The customer support is available via Callback, Email, Forum, Live chat, Office, Phone and Web form.
The starting capital in FBS is $1.
FBS is regulated by ASIC 426359, CySEC 331/17, FSCA (South Africa) 50885, IFSC (Belize) IFSC/000102/310 and FCA temporary permit 808276. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
FBS is a brokerage company offering trading services for clients since 2009 with offices in Australia, Cyprus, South Africa, Belize and United Kingdom.
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