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FBS Review
FBS general information
Founded in: | 2009 year |
Headquarters: | Belize |
Minimum Deposit: | 1 $ |
Website: | www.fbs.com |
Website languages: |
English, Arab, Bengal, Vietnamese, Indonesian, Spanish, Chinese, Korean, Lithuanian, Malay, Portuguese, Russian, Thai |
Execution model: | ECN, STP |
Deposit currency: | USD, EUR |
Support languages: |
English, Arab, Vietnamese, Indonesian, Chinese, Malay, Russian |
Regulated by: |
IFSC (Belize) NAFD (Russia) |
Mobile trading: | iOS, Android |
Affiliate program: | Not |
FBS Forex broker description
Financial brokerage services, or commonly known as FBS, is a renowned FX brokerage company that primarily operates in Asia. The forex broker has a number of offices in China, Indonesia, Russia, Philippines and even Malaysia. The company is regulated by the International Financial Services Commission (IFSC) which aims to regulate all the financial aspects of the company. It is, however, worth noting that regulation is not a strong point for FBS as forex traders are much more likely to trust organizations regulated by reputable regulators such as the FCA, CFTC and ASIC among others.
The company was founded in 2009 and has gone to accrue about 700,000 clients from different nations across the globe. Despite not having a stronger regulation like the other forex brokers, the company has won a number of awards and received numerous accolades for the services they offer to clients. A quick tour through the FBS comments and reviews show that the broker has received various positive reviews but it not free from criticism.
Trading accounts
Most brokers around the world offer a variety of trading accounts but FBS only offers four account offerings. These trading accounts have different features and include.
Cent Accounts
This is a basic account for FBS clients with a minimum deposit requirement of about $1 and maximum leverage of 1:1000. The leverage is quite high and allows the clients to get profits even with low sums. The minimum trade size is 0.01 lot and the average spread is 2 pips.
Standard Accounts
This is another account option for FBS clients with a minimum deposit requirement of about $100 and maximum leverage of 1:3000. The leverage is relatively high and allows the clients to get more profits the sums invested. The minimum trade size is 0.01 lot and the average spread is 0.9 pips.
Zero Spread Accounts
This is another great account for FBS clients with a minimum deposit requirement of $500 and maximum leverage of 1:3000. The leverage is quite high and allows the clients to get profits even with low sums. The minimum trade size is 0.01 lot and the average spread is 0 pips + $20/lot.
ECN Accounts
This is another account option for FBS clients with a minimum deposit requirement of about $1000 and maximum leverage of 1:500. The leverage is not as high as the other account types but still allows the clients to accrue profits with their invested capital. The minimum trade size is 0.01 lot and the average spread is 2 pips.
The Company and Security of Funds
FBS was established in 2009 and has grown to become a favorite international brokerage company that has won various accolades. What sets out FBS from other firms? It has great trading conditions, a good number of trading account options, the option to choose between fixed and variable spreads and different payment methods. The company behind FBS is FBS Markets Inc, which is regulated by the International Financial Services Commission of Belize (IFSC). Although the IFSC is touted to have very liberal rules with regards to regulating its forex brokers, the regime has better regulatory structures than other offshore jurisdictions.
FBS is also regulated in Cyprus, a popular forex trading jurisdiction, under Tradestone Limited. Tradestone Limited is regulated by the Cyprus Securities and Exchange Commission. Under the MiFID directives, all the brokerage companies that are regulated by CySEC are entitled to carry out their operations in the EU. This makes FBS a secure company where currency traders can invest through.
Trading Conditions of FBS
Minimum deposit requirement
Unlike other forex trading companies that require extra high deposit requirements, one can open an account with FBS for only $1. However, not all companies that are regulated by the IFSC have such low requirements as FX Choice requires new traders to open accounts with $100.
Spreads and commissions
A quick review of the spreads offered by each account type will easily reveal that the ECN account offers the best spreads which start from -1 pip with the commission totaling to only $6 per each lot. The other account types also offer competitive spreads which one can easily choose between variable and fixed spreads.
Leverage
FBS is among the forex brokers with the highest leverage in the industry. Maximum leverage in the company totals to about 1:3000, which often sound attractive to novice traders that may have a small budget. A quick word of caution though, while more leverage allows you to operate and accrue high amounts, it also magnifies the amount of money that one is likely to lose.
Trading conditions and platforms
Trading with FBS allows you access to two trading platforms that include Metatrader 4 and Metatrader 5. Both of these platforms can easily be accessed on phone and on your PC as a web version. Being the most popular trading platform, MT4 has a number of attractive features that include various technical indicators, charting tools, expert advisors and a wide back-testing experiment surrounding.
Payment methods
one of the good things about FBS is the large number of payment methods that it offers its clients. You can use credit cards, Skrill, Bank wire, OKPAY, YuuPay, Neteller and Perfect Money among others. The wide range of payment options allows every trader from anywhere in the world, the convenience to easily make deposits and withdrawals.
Promotions
There are a number of promotions that FBS continues to run with new promotions being rolled out on a regular basis. Some of the promotions include a $50 no deposit bonus, a bonus of $123 to welcome you and a cashback program that allows you to get up to $7 per lot.
BRIEFLY ABOUT FBS
Although not as regulated as other forex brokerage companies in the world, FBS has made a name in offering great services to its wide range of clients. Forex traders from almost all jurisdictions in the world are allowed to sign up with the broker and to start their financial journey. It has a number of features that will help you trade currencies conveniently without worrying about the security of your finances.
Trading accounts of FBS
- Micro
- Standard
- Unlimited
- Cent
- Zero Spread
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 5 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| |
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10 лотов |
Max. number of orders:
| 100 |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Locked Margin level:
| 50 % |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 25 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| |
Stop Out:
| 20 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 10 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Locked Margin level:
| 50 % |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 1000 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| |
Stop Out:
| 20 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 100 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Locked Margin level:
| 50 % |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 1 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| |
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10 лотов |
Max. number of orders:
| 100 |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Locked Margin level:
| 50 % |
Speed of execution:
| 0.2 sec. |
Commission:
| Not |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
Minimum Deposit : | 500 $ |
Deposit currency : |
USD - US Dollar EUR - Euro |
Trading instruments:
| |
Stop Out:
| 20 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 100 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 40 % |
Locked Margin level:
| 50 % |
Speed of execution:
| 0.2 sec. |
Commission:
| Not |
Phone trading:
| Not |
Monitoring of FBS's Micro account
FBS spreads All spreads FBS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FBS quotes All quotes FBS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FBS swaps All swaps FBS
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | -6.69 | -8.44 | 1.33 | -3.65 | -1.11 | 0.26 | 0.32 | -13.11 |
Short | 0.24 | 0.96 | -6.97 | -4.27 | -6.01 | -3.56 | -5.03 | 3.65 |
Contacts of FBS
Recent customer reviews of FBS
Advantages: Don’t see any
Disadvantages: Stay away
Comment: First the slippage is annoying, start trading last year, made some profit at first and realize the withdrawal was very slow, spread went up to 30pips, I contact customer service and my account was locked. It was difficult to continue with FBS when I saw the efficiency of benarmstrong-trades . c0m, I don’t have issues there. FBS doesn’t work for me. ❌
Advantages: Fast order execution, cent accounts, small commissions, low spreads
Disadvantages: NONE
Comment: Best broker I've ever worked with! And I have a pretty good experience, I can tell you that. I've been working with this broker for almost a year by now, and I've never had any problems with that. Even if there were slight struggles, customer support manages to solve anything in no time. This broker helped me earn a pretty good financial cushion, even though trading is pretty risky in general, so if you know how to trade - this broker will help you with that a lot. Definitely worth checking out, and I believe even novice traders won't have any difficulties with that.
Advantages: None
Disadvantages: Many disadvantages
Comment: In my opinion, if you can predict the direction of price movement in 4 cases, there are 5 of them, then it is easier and more profitable to play Forex, rather than making betting bets. In fact, it is absolutely not worth contacting. The fact is that in the company, the bid price depends on the probability of its triggering. None of those who advertise this earnings" are talking about this. That is, the more likely it is that the bet will win, the more expensive it is. According to my calculations, it turned out that if you win 70% of the bets, you can at best ""stay with your own"". In other words, in order to earn at least something, you need to win 4 bets out of 5."
it's good to invest but do it the right way and have a knowledge of what you investing in before going all out,i was scammed and was able to recover my capital through the help of ogydottraceatmydotcom,he enlightened me more and i've been more careful since then
FBS analisis & forecasts
All analysis FBSLet’s look at what the GBP’s doing today and put things in perspective. GBP/USD: high rise – short life? Against the USD, it’s testing the four-week high of 1.39. Technically, it’s already above that level but there is little ...
Read moreThe US dollar slid significantly today against most peers – that was mostly a reaction to the shifts in the US Treasuries. EUR, CHF, JPY, AUD, GBP, CNH – all these currencies took advantage of that and moved in the direction ...
Read moreWhat happened? A Tesla car, that no one was driving, crashed into a tree in Texas. Two passengers died. It raised questions over Tesla’s Autopilot and Full Self-Driving (FSD) features. However, Tesla cautioned drivers before ...
Read moreFBS webinars and seminars
FBS in-house currency analyst Elizabeth Belugina will teach the webinar’s participants how to analyze the charts in the Meta ...
participateFBS analyst Elizabeth Belugina will have a discussion on how to eliminate market noise and how to trade with profit. Happening o ...
participateForex broker FBS will hold a free Forex seminar in South Africa on June 9, 2018. Several topics will be discussed including the ps ...
participateFBS bonuses, contests and promotions
All bonuses, promotions, contests FBS
FBS is celebrating its 12th year anniversary with a bang! The company will be giving away a prize pool worth $1,200,000! The winners will be de ...
participate
In need of additional funds for your trading? FBS League is for you! Ready your trading skills as you battle it out against other traders. What&rsquo ...
participate
Looking to start your trading career? Do it with FBS and get real trading capital worth $100! This no deposit bonus will help you to embark on your t ...
participate