FBS Forex Broker Review

FBS is an online forex and CFD broker established in 2009 which claims to be an international broker that serves clients from more than 190 countries.

Since its establishment, the brand has experienced huge growth in size, technology, and capacity.

It boasts about 12 million traders from all over the 190 countries and that about 7,000 investors and accounts are created every day and the website has also been made available in 18 languages.

fbs forex broker review

FBS uses the hybrid broker model of straight-through processing (STP) and Electronic Communications Network (ECN).
It offers no dealing desk and the broker declares that laws are authorized directly into the systems of the liquidity providers at the real market prices, and this makes the requotes are difficult.

This broker does not provide its trading services to residents from Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

 

FBS Forex Broker Trading platforms

FBS offers the MetaTrader 4, MetaTrader 5, and MT Mobile forex online trading top platforms.

The MT4 trading platform: this is the de facto trading platform among forex traders across the globe.

It is provided with all the essential equipment to suit all trading techniques, methods, and procedures.

And it aids the use of Expert Advisors (EAs) to automate Forex trading.

This platform is available on the online web version, MT4 Multiterminal, downloadable desktop version for Windows and MAC OS as well as the mobile versions.

And its characteristics include:

– Security is enabled

– All kinds of trading orders

– One-Click Trading

– 30 indicators and 24 graphical objects for technical analysis

– 9 time-frames, from a minute to a month

– Real-time quotes

– Trading history and log

– Automatic mated trading via Expert Advisors.

The MT5 is the most recent version built to supersede the MT4.
It is considered to be additionally influential and complicated than the MT4.
It supports all the characteristics of the MT4 and broadens some of those features.

It retains extra indicators, timeframes and drawing tools for technical analysis and also supports trade mechanization utilizing forex robots.

FBS empowers the WebTrader version of the MT5, the downloadable desktop applications for MAC OS and Windows PC and again the mobile versions.

The attributes of this trading platform include:

– Tools for specialized and basic analysis.

– MetaTrader 5 can trade automatically by utilizing trading robots and trading signals.

– A developed Market Depth component (with a tick chart and Time & Sales information)

– The backing of all types of trading orders and execution modes.

– One-Click Trading method and the Market Depth option

– The Stop Loss and Take Profit options

– 100 charts can be created on the platform at the same time.

– 21 time-frames, from a minute to a month.

 

What FBS Forex Broker Says It Offers

FBS Markets offers tradeable products of 37 currency pairs, 4 metals, 3 CFDs and 32 stocks.

It gives access to investor reimbursement in case of broker fraud.
It gives an extensive trader education.

It provides a reasonable variety of research tools.

It requires low capital for account creation.

It offers the economic calendar, the forex calculators, currency converter, forex news, the economy forex calculators and the trade currency converter.

 

FBS Forex Broker Account types

FBS offers 6 account types:

The Cent account: this account type is built for traders who desire to apply their abilities on a live trading account.
The starting balance is $1 and the leverage is up to 1:1000. The floating spreads start from 1pip.

The Micro account:  this account type is built for traders who desire to estimate their actual profit.
The beginning balance is $5. Fixed spread starts from 3 pips and leverage is up to 1:3000.

The Standard account: this account type has its preliminary commencement deposit at $100 and the maximum leverage attainable is 1:3000.
The floating spread begins from 0.5 pips. For EU clients, the account creation balance is €100 and the spread begins from 1pip. The maximum leverage is 1:30.

The Zero spread account: this account type is built for traders who prefer to trade at a rapid speed without spread charges.
Commissions are paid and it commences from $20/lot. Leverage is up to 1:3000 and the original deposit is from $500.

The ECN account:  this account type is developed for traders who desire to feel the strength of the ECN technology. The floating spread begins from 1 pip and the account creation balance is $1000. The commission is charged at $6 and the leverage is 1:500.

The Demo Account:  this account is for all the account types.
It allows traders to imitate the real trading platforms and markets in a risk-free setting.
The demo account is wealthy with basic funds as hoped for by the trader and it can be up to one million dollars.

 

FBS Forex Boker Deposit and Withdrawal Methods

  • Credit/debit card
  • Neteller
  • StiAPay
  • Skrill
  • Perfect money
  • Bitwallet

Those are the satisfactory payment options and they are withdrawal fees payable.

 

Is FBS Forex Broker Licensed?

FBS Markets Inc. is registered in Belize with the reg. no. 119771. It is approved and regulated by the International Financial Services Commission (IFSC), Belize with the reg. no. IFSC/60/230/TS/18.

It is also regulated by CySEC in Cyprus.
Investors’ are insured through account segregation, membership of the ICF and platform/website encryption using SSL.
To ensure the complete safety of the investors and their investments even if the broker suffers a loss or bankruptcy, FBS protects traders’ funds in different bank accounts and does not use the funds for their operations.

 

Conclusion

The FBS broker is a grated broker to trade without even a trace of fear.

It offers everything a genuine broker can – from the detailed information about the establishment to its regulations, trading platforms and the wonderful account types for traders with all levels of trading experience.

We recommend this broker to our readers.

1.8

TRADING CONDITIONS

2.0/10

LICENSE

1.0/10

CLIENT REVIEW

2.0/10

CUSTOMER SUPPORT

2.0/10

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