In the dynamic realm of the Foreign exchange industry, FBS emerges as an influential force that has captured attention since its inception. This brokerage, known for sparking debates, came into being in 2009 and has been serving traders worldwide ever since. Over time, FBS has garnered numerous accolades, solidifying its position.
Interestingly, FBS didn't start out as a Cyprus-based brokerage; its origins trace back to Belize. In all honesty, this expansion was a vital step to extend the benefits of FBS's intelligent and secure trading environment to a wider audience of traders.
Despite boasting an extensive array of features, FBS maintains strict regulatory compliance and offers a vast repertoire of effective trading tools.
Wide range of account types to cater to different trading styles
User-friendly and feature-rich trading platforms (MT4 and MT5)
Extensive selection of tradable instruments
Flexible leverage options
Secure and convenient payment methods
An abundance of educational resources
24/7 customer support
Limited availability of certain tradable instruments
Lack of proprietary trading platform
| Accounts | Currencies | Min. deposit | Leverage | Starting Spreads | Demo Account | Rollover Free | Decimal Pricing | Commission per trade | Max. Lot Size Per Trade | Min. Lot Size Per Trade |
|---|
| Broker Type | Minimum Deposit | Forex Majors Spread | Maximum Leverage | Min. Trade Size | Scalping | Hedging | Free Demo | USA Traders |
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FBS not only earns its reputation as a secure and highly reliable foreign brokerage but is also renowned for offering a wide array of trading opportunities, including multiple trading platforms.
As a Non-Dealing Desk (NDD) brokerage, FBS prioritizes rapid order execution. They provide two of the most popular and widely used trading platforms:
It is versatile and appeals to traders with diverse trading methods. Notable features of MT5 include in-depth market views, additional technical indicators, and trading charts compared to MT4, availability of hedging, nutting, extended time frames, and various order types.
Moreover, FBS provides web trading versions for both MT4 and MT5 platforms, ensuring traders can conveniently access their accounts without the need for extensive installations.
FBS has embraced the world of mobile trading, opening doors to new possibilities. The CEO of FBS has taken steps to provide a personalized trading app called "FBS Trader" alongside their other trading apps. Additionally, FBS offers mobile versions of both the MT4 and MT5 trading platforms within their mobile trading app.
The trading app is packed with a wide range of powerful and effective trading features, including numerous trading indicators, technical analysis tools, one-touch execution, multiple time frames, copy trading, social trading, an economic calendar, and more. It also supports multiple languages and boasts a user-friendly and intuitive interface.
FBS leaves no stone unturned in delivering exceptional trading experiences to its clients.
FBS has gained global recognition for its commitment to providing safe and secure trading environments. However, there's much more to FBS than meets the eye!
In addition to their secure trading environment, FBS offers a diverse range of market assets to trade, with the exception of cryptocurrencies, which is a limitation. Nonetheless, here's what they have in store for traders:
It's important to note that FBS does not permit cryptocurrency trading, including Bitcoin (BTC), due to varying legal regulations.
FBS opens up a world of trading opportunities with their diverse selection of market assets, catering to the needs of traders across different markets.
When it comes to regulations and licensing, FBS stands tall, surpassing its competitors in terms of legitimacy. To be more precise, they excel in this aspect. FBS operates under the supervision of two of the most stringent regulatory bodies in the trading industry.
Here's how it breaks down:
In the EU region, FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC).
On a global scale, FBS falls under the regulation of the International Financial Services Commission of Belize (IFSC).
Within the EU region, FBS also offers a significant advantage to retail market traders with their provision of negative balance protection. This feature has proven to be immensely beneficial in recent times.
Please note that while FBS doesn't accept clients from the USA, traders from various Asian and European countries are welcome to join.
| Supported Languages | |
| Customer Service By | |
| Service Hours | 24/7 |
| Email Response | yes |
| One Click Trading | Yes |
| Stop Order | No |
| Limit Order | No |
| Trade off Charts | No |
| Market Order | No |
| 24hr Trading | No |
| Email Alerts | Yes |
| Trailing Stop Order | No |
| Charting Package | No |
| Mobile Alerts | Yes |
| OCO Orders | No |
| Streaming News Feed | No |
FBS offers four distinct types of trading accounts, carefully categorized to cater to the needs of different traders. Let's take a closer look at each of these account types:
It's worth noting that FBS prioritizes market execution over instant execution, employing the Non-Dealing Desk (NDD) process.
FBS offers a diverse range of trading account options, ensuring that traders can select the most suitable account type based on their experience, preferences, and trading objectives.
FBS recognizes the importance of providing multiple transaction methods to meet the needs of its clients. As a result, they offer an extensive range of transaction methods, including bank wire transfer (available in the EU only), Visa, MasterCard, Neteller, Skrill, and more.
Regarding the minimum deposit amounts required by FBS, the EU branch follows these guidelines:
For cent accounts: €10
For standard accounts: €100
Meanwhile, for the global accounts, the minimum deposit varies as follows:
Cent accounts: $1
Micro accounts: $5
Standard accounts: $100
Zero spread accounts: $500
ECN accounts: $1000
While FBS provides instant deposits, it's important to note that the withdrawal process can sometimes be time-consuming, taking more than 48 hours to complete.
FBS strives to offer a wide range of transaction methods and flexible deposit requirements to ensure a convenient and accessible trading experience for its clients.
With Demo-account, you can learn Forex market trading, master and test your own trading strategies and expert advisors online absolutely free of charge. Trade under real trading conditions on virtual funds. Choose Demo upon registering an FBS account.
You can fund your account in your Personal area, via the “Financial operations” section, choosing any of the available payment systems. Withdrawal from a trading account can be executed in your Personal area via the same payment system that was used for depositing. In case the account was funded via various methods, withdrawal is executed via the same methods in the ratio according to the deposited sums.
You can recover your PIN-code in your Personal Area on the PIN-code recovery page (available after clicking on the green button near your name in the upper panel). You will need to fill in as many fields in the appearing form as possible, attach color copies of the documents that you used for account verification and click the “Send Request” button.
Your request will be considered within 24 hours. In case your identity is confirmed, you will receive an e-mail with a recovery link. This link can be used only once. The page with your new PIN code will be available for 24 hours only. We strongly recommend you to remember or save your new PIN code in a secure place.
Margin Call is an allowed margin level (40% and lower). At this point, the company is entitled but not liable to close all open positions of a Client due to the lack of free margin. Stop Out is a minimal allowed level of margin (20% and lower) at which the trading program will start to close the Client’s open positions one by one in order to prevent further losses that lead to a negative balance (below 0 USD).
Deposit requests via other payment systems are processed within 1-2 hours during FBS Financial dept. business hours: Monday to Friday 07:00 – 19:00 GMT +3. The maximum time of processing a deposit/withdrawal request via an electronic payment system is 48 hours from the moment of its creation.
Verification is necessary for work safety, prevention of unauthorized access to personal data and funds stored in your FBS account, and easy withdrawal.
1. Choose the Verification section in your Profile settings (green button near your name in the upper left-hand part of the screen) or follow this link.
2. Fill in the necessary fields. Please, enter the correct data, exactly matching your official documents.
3. Upload color copies of your passport or government-issued ID with your photo and address proof in 'jpg', 'jpeg', 'png', 'gif' or 'pdf' format of a total size not exceeding 5 Mb.
4. Click the button “Send request”. It will be considered shortly after, the maximum time of consideration being 24 hours. In case your request is declined, you will receive a notification to your e-mail address; the reason for the decline will be stated in your Personal area.
You can change leverage in your Personal Area on the account settings page (available after clicking on the account number you need in the table on the left) in the “Leverage” section.
You will need to click on the “Change leverage” link, set the necessary leverage adjustment and then click on "Save". Attention! Leverage change is possible only once in 24 hours. It is impossible to change leverage if there are any open orders on the account.
FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as the CFTC, NFA, FCA, ASIC, and CySEC. ... The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.
Recognizing the importance of reliable customer support, FBS has established a highly responsive 24/7 customer support system. Traders can reach out to them through live chat, phone, and email communication channels. What's more, FBS's customer support is available in multiple languages, including English, Portuguese, Spanish, German, Italian, and French.
Here are the contact details should you need to get in touch with them:
In the ever-changing and volatile trading industry, Forex education materials play a crucial role in helping traders navigate the complexities of the market. FBS understands the significance of educational resources and is dedicated to providing a comprehensive and diverse learning center.
Within their learning center, you'll find a wealth of resources, including webinars, blog posts, market analysis, trading tips, guidebooks, video tutorials, and much more. The learning materials are well-organized and designed with a user-friendly perspective, making it accessible for beginners to grasp the intricacies of trading.
But that's not all. For exclusive research purposes, FBS offers access to Forex calculators and economic calendars, empowering traders with the tools they need for informed decision-making.
FBS is committed to providing valuable educational resources and research tools to enhance traders' knowledge and improve their trading skills.
FBS Broker is a reputable and reliable choice for traders seeking a comprehensive online trading experience. With its range of account types, advanced trading platforms, diverse tradable instruments, and a strong commitment to security and customer support, FBS Broker has gained the trust of traders worldwide. Whether you are a novice or an experienced trader, FBS Broker provides the necessary tools and resources to support your trading journey.
Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.
| Spain
Their ECN execution is fast, and I’ve never had an issue with withdrawals. A solid choice for any serious trader.
27 Aug, 2024
| Nambia
FBS platform is reliable, and customer support is decent. However, the educational resources are lacking. They could offer more webinars or tutorials for traders looking to improve their skills.
26 Sep, 2024
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