Welcome to Our Best Forex Broker Review Website. Today we are doing FBS Review. Introduction, trading accounts, trading site, assets/markets, deposits and withdrawals practices, approved countries, customer service, benefits/drawbacks, and finally conclusion on this broker are all covered in-depth in our analysis. Continue reading this if you want to learn more.
Let’s get started!
What is FBS?
FBS is a global broker that was founded in 2009. It is controlled by the Cyprus Securities and Exchange Commission and is run by Tradestone Ltd in the EU (CySEC). FBS Markets Inc. manages the global branch, which is supervised by Belize’s International Financial Services Commission (IFSC).
Broker claims to have over 15 million active traders in more than 190 countries, ranging from Malaysia and Indonesia to South Africa, Pakistan, and the European Union.
Let’s get into the FBS Review’s specifics!
FBS: Trading Platforms
The trading platforms offered by FBS will be discussed in this part of the FBS Review.
It provides several trading channels that are ideal for both novices and experienced traders, allowing them to trade a range of asset groups.
FBS MetaTrader 4 Desktop
FBS MetaTrader 4 is a trading platform for Windows and Mac that includes features such as:
- Streaming news
- One-click trading
- 50+ metrics and charting tools
- Expert advisors for electronic trading
- Built-in aid guides
FBS MetaTrader 5 Desktop
FBS MetaTrader 5 is a trading site for Windows and Mac that includes features such as:
- Various order forms
- One-click trading
- 80+ built-in markers and items
- 21 timeframes to choose from
- Multi-asset type trading background
FBS MetaTrader 4/5 Web Trader
FBS provides access to the MetaTrader 4 and MetaTrader 5 Web Trader websites for trading. There is no need to download anything, and you can exchange various asset classes with one-click trading options.
FBS Mobile Trading App
The FBS Mobile Trading App is available for Android and iOS devices and includes features such as:
- Trade over 50 currency pairs
- View real-time rates
- Edit and track orders
Mobile Trading Platforms
The MetaTrader 4, MetaTrader 5, and FBS Trader smartphone trading applications are available for both Android and iOS systems, allowing consumers to trade on the go. The broker’s website, the customer portal area, or the Google Playstore or Apple AppStore all have links to download the app.
FBS: Trading Accounts
In this section of the FBS Review, we’ll go through the different types of accounts that this broker offers. A variety of live account forms are available to new customers. The broker provides the following services in the European Union:
- Standard account
- Cent account.
The international division also provides the following services:
- Micro account
- Zero Spread account
- ECN account
The number of orders is the same for all account forms. Unlike the other accounts that use STP, the ECN account has no trading caps and uses ECN for market execution. In general, the higher the account tier and the more competitive the trading conditions are, the more you will deposit.
You’ll need to upload paperwork to check your identity, address, and the country from which you’re registering.
FBS: Assets and markets Available
The assets and market options open to traders will be revealed in this section of the FBS Review. Clients have access to a broad variety of trading assets, including:
- Forex – 28 regular pairs plus 16 exotics
- Metals – four precious metals
- Energies – WTI and Brent crude oil
- Stocks (global only) – 40 business shares
Unfortunately, neither the FTSE100 nor cryptocurrencies like Bitcoin are available for trading.
FBS: Deposit and Withdrawal Methods
This section of the FBS Review will focus on the broker’s deposit and withdrawal options. FBS has a broad range of deposit options, including:
- Perfect Money
Except for SticPay and Perfect Money, which can charge a fee, all of these methods are fee-free, instant deposits. Deposits are accepted in EUR, USD, and JPY via BitWallet.
FBS: Accepted Countries
This section of the FBS Review will give you the names of the countries that this broker supports. FBS welcomes merchants from:
- United Kingdom
- South Africa
- Hong Kong
- United Arab Emirates
- Saudi Arabia
Traders from United States, Japan, Canada, Myanmar, Brazil, Israel, Iran cannot use FBS.
FBS: Customer’s Service
This portion of the FBS Review will focus on the consumer benefits that this broker offers. FBS provides customer care through a Callback service, online Live Chat, Telegram, Viber, and Facebook Messenger 24 hours a day, 7 days a week. The range of languages including
They also have a Support FAQ section where you can find answers to your questions about Registration and Verification.
- Updating and Recovering Personal Information
- Financial Management
- Market Situations
- Trading Platform, among other things.
We were linked with an agent in a matter of seconds after signing into the Live Chat feature, who promptly answered our query.
In this part of the FBS Review, we’ll go through the educational opportunities that this broker has to provide. FBS gives students access to a variety of educational opportunities. This requires links to:
- Forex Guidebooks
- Forex Books
- Tips for Traders
- Video Lessons
- Glossary section.
Beginners, elementary, advanced, and seasoned traders will all profit from the Forex Guidebooks’ online training courses. This is in the form of short-written posts. The Forex Books section provides books written by various writers.
For both kinds of traders, the broker often offers links to free Video Lessons covering a broad range of subjects. The Forex Webinars Schedule is also available on the broker’s website, and users can register for them there.
FBS: Pros and Cons
- You can trade without paying a commission.
- Accounts with ECN are open.
- MetaTrader 4, MetaTrader 5, and FBS Trader are all available for trading.
- FBS CopyTrade is a service that allows traders and investors to copy each other’s trades.
- The live chat facility for customers.
- A wide variety of deposit options
- The minimal number of instruments available.
- IFSC Belize enforcement is based offshore.
- The Terms and Conditions make no mention of segregated client accounts.
Conclusion FBS Review
Finally, the FBS Review comes to an end. After reviewing all of this broker’s features and options, we can conclude that FBS is a foreign forex broker with low minimum deposits. Along with the FBS Trader App, it offers a variety of trading accounts with MT4 and MT5 integration. Spreads are competitive, and this broker can appeal to both beginner and experienced traders.
If you’re interested in trying it out, make sure to do so in a DEMO ACCOUNT first to see how it works for you!