FBS Review
FBS CFD trading platform was established in 2009 by investors who were interested in technical analysis and trading research. FBS offers its 27M CFD traders transparent and reliable applications.
Broker: FBS
Leverage: 1:3000
Regulation: CySEC, FSC, FSCA, ASIC
Min. Deposit: 1 US$
HQ: Belize and Cyprus
Platforms: MT4, HTML5 FBS trader
Found In: 2009
Website: www.fbs.com
FBS Broker Licenses
Tradestone Limited -authorized CySEC, (Cyprus).registration number. 353534
Intelligent Financial Markets Pty Ltd is regulated by the ASIC Australialicence number 42659
FBS Markets Inc. - authorised IFSC(Belize)registration number. 119717
TRADE STONE SA LTD (PTY), authorised by FSCA (South Africa), license number. 0885
What is FBS?
FBS is an internationally recognized brand with a presence in more than 150 countries. FBS is a brand that combines multiple companies. It offers clients the opportunity to trade Margin FX or CFDs. FBS Markets Inc. is licensed by IFSC, Tradestone Ltd. is licensed by CySEC, Intelligent Financial Markets Pty Ltd. is licensed by ASIC and TRADE STONE SA LTD. (licensed under FSCA).
Overview
The European legislation environment provided greater capabilities for brokers with trading tools and full authorization, which pushed FBS development further. We will also examine the trading proposal conditions of FBS and determine if they are competitive in our FBS review.
We recommend signing with Europeana entity to ensure greater transparency.
Pros
FBS has been in operation for many years
Stable trading conditions and good MetaTrader4/5 spreads
Low stock and stock index CFD fees
No inactivity fee
No withdrawal fee
Education is extensive as well
Cons
Average forex CFD fees
Limited trading instruments, Forex and CFDs
Trading conditions can vary between entities
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐
Financial instruments ⭐⭐⭐
RATING: 3.6
Awards
FBS has received more 6 international awards that recognize them as a Transparent broker with Best Customer Service over the years. This is one of the most highly regarded Brands in the world.
Is FBS a scam or safe?
FBS isn't a scam. FBS is a brand used by Tradestone Limited. Tradestone Limited is a Cyprus-registered company, EU and MiFID-regulated investment firm, registered with CySEC.
Another entity of FBS can be found in Belize and the Marshall Islands.These are offshore areas that cannot prove their reliability on their own. The FSC, Belize's local regulator, primarily registers companies and not regulates them.
FBS is a broker that is compliant with European CySEC regulation and therefore provides reliable trading conditions.
What can you do to be protected?
Trading with a broker that is regulated and adheres to strict standards before signing in with any trading company is a crucial step. FBS, with its MiFID compliance and obtained license, is the first and most important step before you sign in to any trading company. FBS has strict rules regarding money protection. FBS keeps traders funds in separate accounts that are unreachable by other companies.
Negative balance protection
FBS is a Cyprus Investment Firm, and therefore falls under the Compensation Scheme. This protects clients' investments in the event of an insolvency.
Because FBS is a Cyprus Investment Firm, it falls under the Compensation Scheme. This protects clients' investments in the event of a broker's insolvency.
Leverage
Leverage levels can increase the size of your trades by multiplying the initial balance, which opens up the possibility for greater gains. The amount of leverage you are offered depends on many factors, including your level and expertise, where you live, the instrument that you trade, as well as whether or not it is subject to regulatory restrictions. Therefore,
You may trade with a European entity for maximum 1:30 leverage for major currency pairs
International FBS might offer very high leverage ratios, up to nearly fantastic 1:1000 or even 1:300.
However, it is important to understand how leverage works to maximize your potential gains and minimize the risk of losing your money quickly. High leverage can lead to high losses, but it is also a good option for beginners.
Types of accounts
You can choose from Standard Account, Cent Account or Crypto Account. This account is ideal for beginners because it has lower requirements and carries fewer risks. FBS operates via two entry points EU one and International so the trading conditions and proposals might differ.
International traders also have the opportunity to sign up for 6 Account types, high leverage up to 1:3000, deposit bonuses, cashback programs, and many other perks. High leverage and the use of bonuses can have risks. Trading is a high-stakes business. There are always losses.
FBS offers both live and demo trading accounts that can be customized to your needs, no matter how experienced you are. Demo Accounts are highly recommended for beginners, and if you wish to try the FBS Forex trading environment.
How do I open an account?
FBS accounts are easy to open. You will be guided through the steps in a simple and understandable manner.
Please enter all parameters, including your name, email address, phone number, etc.
To continue the process, you will be sent an email confirmation with a link.
Once you have access to your online account management, you can open a Demo Account.
Select the type of account you want to open, and then choose the base currency.
The online questioner will ask you about your trading experiences and expectations.
As per regulatory requirements, upload proof of identity and address.
Click on Submit. Allow a few days for verification of your documents and accounts
Follow with money deposit
Start trading FX stocks or FX products.
Fees
FBS pricing is usually built into spreads. This means that you will pay spread for every order, as well as overnight fees, inactivity fees and withdrawal fees. Below is a comparison table of fees.
Spreads
There are two types of accounts. You can choose to trade with a Standard spread account starting at 1 pip or trading with a Cent account offering tight spread. The spread for a Standard account EUR USD pair is 0.9 and the spread for a Cent account EUR USD pair at 3 pips.
International offerings are slightly different as there are ECN accounts with raw spread and a commission per lot.
Below are additional examples of spreads, conditions, contract specifications, rollover and rollover. You can also compare FBS fees with another broker FP Markets.
Overnight fees
You should also remember to count on the FBS overnight fees or swap in case you use swing strategy and keep positions for more than one day. You can see the ratios for each instrument in the illustration above, or directly check the platform.
Trade Instruments
FBS offers transparent trading conditions through popular instruments such as Forex and Metals. All connected via split-second execution using the STP model. FBS also invests in technology to make trading easier and more efficient, as well as the powerful execution it offers.
We don't think the instrument range is limited. There are approximately 40 currency pairs available, some of which are exotic, and 6 Indices that are based on CFD trading. You might consider switching brokers if you are interested in trading Futures, Stocks, or other instruments.
Payment Methods
You will need to deposit money in order for you to trade live. FBS provides a wide range of convenient payment options, with over 100 payment methods. This might not apply to FBS's international entity, however, the EU regulator requires strict money transfer policies.
Deposit Options
We can see that FBS offers many deposit options. These are the most popular options for FBS CY entities, as well as many more at the international branch.
Major cards Visa, MasterCard,
ewallets Neteller, and Skrill
Wire transfers
Crypto wallets
Minimum deposit for FBS
FBS minimum deposit for Cent account accounts is 10$. This makes it a good choice for traders just starting out. The Standard Account requires only 100$ for an initial deposit. Experienced traders can also use this account. Crypto account users need to deposit a minimum of 1$.
Minimum deposit for FBS vs. other brokers
What is the average time it takes to withdraw money from FBS
FBS offers a wide range of withdrawal options, and charges 0$ for deposits. You should always check with your payment provider to see if any fees have been waived. This also depends on where you are from.
It is easy to withdraw money. All you have to do is log into your trading account management area, and then submit a request for withdrawal. FBS usually processes withdrawals in 1-2 business days. However, please allow extra processing time for your payment provider.
Trade Platforms
FBS is the most technological-based, best Forex brokers. The market leader in STP - MetaTrader4also has the option to upgrade to MetaTrader5 and proprietary FBS trader.
Web Trading
Web trading is extremely easy because you don't have to install or download any software. All you need is to log in online using a browser and you can trade immediately. Web trading is often a simplified version of the platform that offers fewer tools and allows you to customize your parameters.
Look and Feel
MetaTrader charting is widely recognized worldwide and does not require any introduction. It is easy to use, and even for beginners, it is simple to understand.
A solid platform, MT4 offers a wealth of features and advanced charting, customization, along with auto trading capabilitieswhile being available for PC, MAC, Android, or iOS devices. It is available anytime, anywhere.
Desktop Platform
MT4 can also be used as a desktop platform, which is better suited for professionals and active traders due to its extensive add-ons.
FBS International will offer you upgraded MetaTrader5 if you are trading with them. This platform is even better in terms of its capabilities and progressive features, as well as the vast trading opportunities.
Mobile Trading Platform
All platforms have a mobile trading app so that you can trade at any time and from anywhere.
FBSTrader is eventually a platform app that's highly regarded and rewarded. It allows trading professionals to follow their strategies. This is great for beginning traders or investors looking to get better.
Trading indicators
You can also enjoy the progressive functions of MT4 that we have seen in the FBS Review. Daily technical and fundamental analysis data is available in the news section. Over 50 technical indicators, one click trading, possibility of creating and using EAs without limitations, and even the ability to trade with VPS support.
You can also enjoy the MT4's progressive functions. Daily technical and fundamental analysis data is available in the news section. Over 50 technical indicators are available, as well as one-click trading and the possibility to create and trade EAs without limitations.
FBS International will offer you upgraded MetaTrader5 if you are trading with them. This platform is even better in terms of its capabilities and progressive features, as well as the vast trading opportunities.
Customer Support
FBS offers excellent customer service. FBS Customer Support is available 24 hours a day via live chat, email, or phone. This broker has placed a strong emphasis on providing guidance and support for novice traders.
FBS is a high-quality support company that provides the best possible service and advice for all aspects of your trading. FBS provides timely and relevant answers to clients' questions and concerns.
Education
FBS offers many educational materials and programs that are designed to improve trading abilities and recognize the importance of having good knowledge about markets trading.
This is a great point for beginners traders. First, you need to understand the industry and practice your strategy with Demo Account. Then, follow up with Live trading.
FBS Learning Center offers a variety of webinars, Forex Guidebooks and many tips for traders. There are also video lessons along with glossary materials. FBS education is well-organized and sustainable. You will also find valuable tools such as research and analysis that can be used at every stage of your trading career.
Research
You may also be able to access additional information from FBS that is intended to assist its traders, in addition to the MetaTrader platform's research tools.
The website has a Forex Calculator that is very well designed. It also includes an Economic Calendar, which tracks the news and provides a currency converter to make it easy to calculate. FBS also offers an in-house designed Daily Market Analysis, and Forex TV which provides all the latest news and updates for your better understanding.
Conclusion
The final thoughts about FBS are the good. FBS offers a variety of account types and platforms that offer advanced tools and customer support. This allows for good trading conditions. FBS has a good reputation among traders and actively participates in social activities. FBS is also a principal partner of Leicester City. The trading cost is comparable to that of the average, but there are no misunderstandings due to FBS Markets execution as an STP broker.