FBS

FBS is an established forex broker founded in 2009. Since then, it has provided trading services to over 27 million active users and operates with a dedicated team of 243 staff. Moreover, FBS is regulated by respected authorities in Cyprus (CySEC), Belize (FSC), and Australia (ASIC), ensuring compliance and trustworthiness.

Known for its commitment to security and transparency, FBS offers a variety of accounts and trading instruments, including CFDs on stocks, commodities, and indices. In addition, the broker supports multiple payment methods, provides educational resources, and offers a comprehensive suite of trading platforms. As a result, FBS aims to deliver a reliable and user-friendly trading experience to its global client base.

FBS Features

Safety and Security

FBS prioritizes the safety and security of its clients, operating under the regulation of the Financial Services Commission (FSC) in Belize. This regulatory oversight ensures that FBS adheres to international standards for transparency, fairness, and client protection. With a focus on combating money laundering and terrorist financing, the FSC license helps safeguard traders’ interests.

Additionally, FBS offers features like account segregation, negative balance protection, and robust risk management tools, ensuring that traders can trade with confidence in a secure environment. These safety measures are complemented by FBS’s commitment to transparency and consistency in regulatory processes.

Minimum Deposit and Account Types

FBS offers a flexible range of account types, including Cent, Standard, and Demo accounts, designed to cater to traders with different levels of experience. The minimum deposit required to open a live trading account starts at just USD 5, making it highly accessible for beginners.

While the Cent Account requires a minimum of USD 10 and is ideal for those new to trading, the Standard Account, which starts at USD 100, is more suited for experienced traders.

FBS also offers higher leverage options up to 1:500 for those using Leverage Pro conditions.

Trading Platforms and Software

FBS offers three reliable trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the FBS App. MT4 remains a favorite for traditional Forex traders due to its advanced charting tools and automated trading capabilities.

MT5, on the other hand, is a more advanced platform that includes additional features such as more timeframes, technical indicators, and an economic calendar.

Both platforms support automated trading through Expert Advisors (EAs), and the FBS App provides on-the-go trading for iOS and Android users, ensuring a versatile and convenient trading experience.

Fees, Spreads, and Commissions

FBS offers competitive trading conditions with no commissions on Forex, indices, commodities, and cryptocurrencies, across both Cent and Standard Accounts. For Forex, spreads start from 0.7 pips for the Standard Account, while indices have spread from 1.0 to 1.5 pips.

Stocks have variable commissions for the Standard Account and spreads range from 1.0 to 1.5 pips. Cryptocurrencies come with spreads between 0.5% to 1.0%, and commodities are offered with spreads from 1.5 to 2.0 pips. These flexible conditions help traders choose the right account type for their trading style and needs.

Deposit and Withdrawal

FBS offers a secure and efficient system for managing both deposits and withdrawals, making it easy for traders to fund their accounts and access their earnings. After completing full account verification, users can enjoy unlimited transactions with no commission fees.

FBS supports various payment methods, such as Visa, Neteller, Skrill, SticPay, and Perfect Money, for both deposits and withdrawals. Deposits are processed instantly, while withdrawals typically take between 15-20 minutes, depending on the payment method.

Account Types

FBS offers flexible trading conditions under a single trading account, with Demo account and Swap-free features available.

• Floating spreads starting from 0.7 Pips
• Leverage 1:3000
• Trading volume: Minimum 0.01 Lots, Maximum 500 Lots
• No commission
• Minimum deposit $5
• 550+ trading instruments
• 200+ deposit and withdrawal methods

Trader Tools

Forex tools are essential to have a smooth trading experience and boost profitability. Therefore, brokers offer different trading tools for their clients. That being said, let’s see the common tools you will get from FBS.

Economic Calendar: FBS economic calendar is an online, up-to-date database that provides all the latest economic data relevant to the foreign exchange market. It includes reports on both domestic and international economies as they pertain to currency movements. As such, this information can sometimes be used as a valuable forecasting tool, especially when combined with technical analysis methods.

Forex calculators: can also be used to create a trading plan. A trading plan is a set of rules or guidelines to follow in order to keep your emotions under control, avoid rash decisions, and follow what you think is the best course of action when making trades.

Currency Converter: A currency converter allows users to convert currencies quickly and easily. There are a number of benefits to using a currency converter for online forex trading. First, it can be a time-saving tool. Second, it allows users to make accurate conversions, which can help avoid potential mistakes. Third, it can help traders track their forex trading progress over time.

Education

Whilst the education feature is not compulsory, and it is a fantastic way to get some insight into what brokers are prepared to offer to new traders. They provides excellent resources as well as advice on forex education. However, this can be overwhelming for a new trader. They offer FBS academy, Webinars, Video Lessons, Seminars, and Glossary to provide education to the traders.

Customer Support

FBS forex broker review found that the company offers 24/7 customer service for its clients. You can contact them via different methods such as Viver, WhatsApp, Telegram, Line, and messenger. On top of that, you can even content them via email, phone, and live chat.