FBS Review – Trade now with this award-winning broker
FBS Forex broker is a famous company originally established in Belize back in 2009. As of today, it is used by millions of traders in over 190 countries. Over the past 12 years, it has received numerous awards for offering competitive services and has been named as the best Forex broker by many.
FBS is a regulated broker, which means that it offers traders safe and secure services. FBS review shows that the broker offers traders access to numerous trading assets, including Forex currency pairs, stocks, indices, metals, and many others. The broker also provides its clients with special seminars and training material, which can be very helpful for beginner traders.
If you want to learn more about the services and offerings of FBS, follow our review as we discover everything that there is to know about this Forex broker.
Reviewing FBS – A quick overview
Based in 2009, FBS has grown a lot in the recent few years. From being a small broker, it has transformed into a worldwide leading online brokerage company, trusted by 16 million traders in over 190 countries. The broker has received numerous international awards and has been named as the best Forex broker in numerous countries, including Thailand, Indonesia, and many others.
In the beginning, the broker was largely focused on the Asian region, however, it has grown a lot in recent years. Today, it offers services globally, including regions like Europe. That said, there still are some countries where the services of FBS are not available. This includes Japan, the USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel, and Iran.
Our FBS review shows that the broker offers traders very competitive services, which includes low spreads, and high leverage that can go up to 1:3000. However, keep in mind that the maximum leverage is limited in European countries due to local regulations and is only 1:30.
Regulatory framework of FBS reviewed
As we have already said, FBS is a regulated Forex broker. This means that the services of the broker are safe and secure. The broker is regulated by the International Financial Services Commission of Belize, IFSC, which is an off-shore regulator. There are many well-known and trustworthy Forex brokers regulated by the same agency.
To be able to offer European traders its services, FBS is also registered in Cyprus, which is an EU-member country. Thanks to the local regulations in the EU, if a broker is regulated in one of the EU-member states, it has the right to offer services to the whole region.
There are several policies that the broker follows, including the Negative Balance Protection, which is an amazing tool used to keep trader’s funds safe. This is especially important for those who are using higher leverage. When trading Forex with high leverage, there is a chance that a trader might lose more money than they have on the trading account.
To protect you from this, FBS has adopted negative balance protection. Thanks to this, all of your positions will be automatically closed once your account balance nears zero. Another thing that the broker does is that it keeps the funds of its clients on segregated bank accounts.
For this, FBS review shows that the broker has partnered with leading banks globally to make sure that the funds of its clients are kept with the highest safety standards.
Getting started at FBS – Account types
Creating a live trading account at FBS is not hard, in fact, it is a very simple procedure. All you have to do is to provide the major information about yourself, such as your name, last name, phone number, and so on. A great thing about FBS is that it offers traders several different account types, which are tailored according to the traders’ needs. Among the account types offered by FBS, you can find:
- Cent Account
- Micro Account
- Standard Account
- Zero-Spread Account
- ECN Account
Thanks to such diversity in account types, anyone can easily find something that meets their needs. The broker has managed to offer everyone something that they could enjoy, which is an amazing thing, especially because there are so many different types of traders.
Accounts for beginner traders at FBS reviewed
FBS offers its clients different types of accounts, among which are several that were created for beginner traders. The cent account is a perfect way for beginner traders to get started in this market because of several reasons. The initial deposit to create this account is just $1, and there are no commissions. As for spreads, they are floating starting at 1 pip.
The leverage for cent account can go up to 1:1000 and the order volume is from 0.01 to 1,000 cent lots. Another account that can be a great help for beginner traders is the micro account, which a minimum deposit of $5. The leverage for micro account users can be as high as 1:3000.
Beginner traders are also offered a demo trading account. This account is a perfect choice for those who are just getting started in the market and have no experience trading Forex. This account offers traders the ability to trade Forex without risking their own funds.
Demo trading account can also be used by more experienced traders who want to try out different types of trading strategies and find the ones that meet their needs the best.
Other accounts at FBS
As we have already said, there are other accounts available at FBS, including Standard Account, Zero Spread Account, and ECN Account. The minimum deposit for a Standard Account is $100 and comes with a floating spread from 0.5 pip and there are no commissions. The leverage is up to 1:3000 and has something for different types of traders. As for the zero spread account, it comes with a fixed spread of 0 pip, while the minimum deposit is just $500. As for the commissions, it starts from $20 per lot.
Another account offered by the broker is an ECN account, with a minimum deposit of $1,000. The spreads at this account are floating and start from -1 pip and the commission is $6. As for the leverage, it is up to 1:500 at the ECN account.
All of the account types offered by the broker are very unique and come with special trading conditions. However, keep in mind that some of the offerings of the broker might be different depending on your location. For example, if you are a trader from Europe, the maximum leverage that you can use is 1:30.
Creating a live trading account
Opening an account at FBS is very easy and only takes a few minutes. However, keep in mind that the broker follows the KYC policy, which means that you will have to provide the broker with different types of documentation, such as a copy of your ID/driver’s license to verify your identity and a copy of a utility bill to verify your location.
After you have created a live trading account, you can make your first deposit, choose a trading asset, and start opening and closing positions.
FBS broker review – Payment solutions
Making payments at this broker is very comfortable and easy. Also, the broker offers traders different types of payment solutions, which makes it easier for everyone to fund their account. All of the payments are carried out instantly. You can use Visa, Neteller, Sticpay, Skrill, Perfect Money, and several others.
As for withdrawals, the same payment solutions can be used. However, the time you have to wait for your withdrawals to be processed varies according to the method you are using. If you are using Visa, you will have to pay a commission of $1 and might have to wait between 15-20 minutes. However, processing by the bank may take up to 7 working days. Those using Neteller might have to pay a commission of 2%. The maximum waiting time for withdrawal is 48 hours.
What can you trade at FBS?
Our review of FBS shows that the broker offers traders access to hundreds of trading assets. You can trade the following assets with this broker:
- Forex currency pairs
Because there are so many trading assets available at FBS, traders can easily find something that they are looking for at FBS. The Forex broker offers its clients access to more than 40 currency pairs, including Majors, Minors, and Exotics. Thanks to CFD trading, you can also trade stocks, indices, energies, and metals.
Our review of FBS shows that the broker offers traders access to leading stocks, such as Amazon, Apple, Microsoft, and many others. You can also trade leading indices globally, as well as energies and precious metals.
Trading platforms of FBS reviewed
After you have created a live trading account, made your first deposits, and decided which trading assets you want to invest in, you can continue by opening the trading platform and start trading Forex. The Forex broker offers traders different types of trading platforms including the FBS trader, which is created especially for the clients of this Forex broker.
It is a recently-created trading platform for smartphones, including both Android and iOS devices. FBS also offers traders access to MetaTrader 4 and MetaTrader 5, which are probably the two-best known trading platforms globally. MetaTrader 4 is used by the majority of brokers globally and is loved by millions of traders. There are different versions of these trading platforms available at FBS, including smartphone versions, Windows, macOS, and Web-based versions.
Thus, no matter which device you are using and what your preferences are, you can easily trade Forex with FBS. If you are someone who wants to use the platform without the need to download additional applications, you can do so by opening the browser-based version of the trading platform.
If you are always on the move, the broker also offers you a mobile trading platform, which can be very helpful. Thanks to mobile trading, you can always stay in touch with the trading market. Mobile application for trading is a huge advantage for traders globally and is something that helps make this market more accessible for everyone.
Bonuses & Promotions offered by FBS reviewed
FBS offers traders numerous types of bonuses and promotions. However, keep in mind that the promotions and bonuses offered by the broker can not be used in Europe, since it goes against the local Forex regulations in the region. Other traders can enjoy the bonus and promotion systems created by the broker.
You can get everything from a cashback to a level-up bonus, to a 100% deposit bonus, and even win a car by simply trading Forex with FBS. The broker also lists all the people who have won different types of prizes from the broker, including cars. The details about the promotions can change, so, it would be better to check out which promotions and bonuses are available right now on the website of the FBS.
Reviewing FBS customer support team
There are several ways you can contact the customer support team. First of all, you can use live chat, which is available on every page of the website of the broker. Also, you can schedule a call with the representative of the broker. The team of customer support is very helpful and tries its best to always provide the needed help to traders.
There also is a special page of FAQs available on the website of the broker, where you can find the answers to the most asked questions, which can be a great help for many. We have tried contacting the customer support team and asked them several questions and were very glad to see how helpful and fast they were.
Learn more while trading with FBS
Our review of FBS Forex broker shows that the broker offers traders a huge catalog of educational material which can be very beneficial for beginner traders. You can find different types of guides, E-Books, and even webinars created by professionals. The educational material of the broker is full of diverse information that can help you learn more about trading.
While reviewing FBS, we also found that the broker offers Forex News and other analytical material such as daily market analysis. There also is a Forex TV, which is a great way of learning more about the current trends and ongoing events in the market. The broker also offers traders seminars and video lessons created by the most experienced traders in the market.
Can FBS be trusted?
After reviewing FBS Forex broker and learning more details about the broker and the services that it offers, we are able to confidently say that FBS is a trustworthy and legit Forex broker. Thanks to the regulatory framework that the broker follows it is a broker that you can trust with your funds.
Over the years, FBS has received numerous awards and prizes for the services that it offers to clients. It has been named as a leading Forex broker by many and after 12 years of services in the market, it has managed to attract more than 16 million clients in over 190 countries.
Because of this and many other reasons, we recommend FBS to our readers.