Welcome to Our Best Forex Broker Review Website. Today’s subject is FBS Review. Our review discusses the following topics in depth: introduction, trading accounts, trading platform, assets/markets, deposits and withdrawals procedures, accepted countries, customer support, benefits/drawbacks, and finally our conclusion on this broker. If you’d like to learn more, keep reading.
Let’s get started!
Table of Contents
What is FBS?
FBS was founded in 2009 as a global broker. The Cyprus Securities and Exchange Commission oversees FBS, which is controlled by Tradestone Ltd in the EU (CySEC). The global branch is managed by FBS Markets Inc., which is controlled by Belize’s International Financial Services Commission (IFSC).
FBS claims to have over 15 million active traders across 190 countries, including Malaysia and Indonesia, as well as South Africa, Pakistan, and the European Union.
Let’s get into the FBS Review’s specifics!
FBS: Trading Platforms
This portion of the FBS Review will go into the trading platforms that FBS has to offer.
The broker offers a variety of trading platforms for both beginner and seasoned traders, enabling them to exchange a variety of asset classes.
MetaTrader 4 Desktop
MetaTrader 4 is a trading platform for Windows and Mac that offers features like:
- Live news
- One-click trading
- 50+ indicators and charting tools
- Automated trading expert advisors
- Built-in assist guides
FBS MetaTrader 5 Desktop
FBS MetaTrader 5 is a Windows and Mac trading platform that provides features such as:
- Various order types
- Multi-asset style trading history
- One-click trading
- 80+ built-in markers and products
- 21 timeframes to select from
FBS MetaTrader 4/5 Web Trader
For trading, FBS offers links to the MetaTrader 4 and MetaTrader 5 Online Trader websites. There’s no need to download something, and you can trade several asset groups with a single click.
FBS Mobile Trading App
The FBS Mobile Trading App is available for Android and iOS smartphones and provides the following features:
- Trade over 50 currency pairs
- Display real-time prices
- Edit and log orders
Mobile Trading Platforms
Consumers can swap on the go with the MetaTrader 4, MetaTrader 5, and FBS Trader mobile trading apps, which are available for both Android and iOS systems. The software can be downloaded from the broker’s website, the consumer portal area, or the Google Playstore or Apple AppStore.
FBS: Trading Accounts
We’ll go into the various types of accounts that FBS provides in this part of the FBS Review. New customers will fill out several live account forms. In the European Union, the broker sells the following services:
- Standard account
- Cent account.
The international division also provides the listed accounts:
- Micro account
- Zero Spread account
- ECN account
All account forms have the same number of orders. The ECN account, unlike the other STP accounts, has no trading restrictions and uses ECN for market execution. The higher the account tier and the more favorable the trading conditions, the more you can deposit.
To verify your name, address, and the country from which you’re registering, you’ll need to upload documents.
FBS: Assets and markets Available
This portion of the FBS Review would expose the assets and market options available to traders. Clients can pick from a wide range of trading assets, including:
- Forex: 28 standard pairs and 16 exotics
- Metal: there are four types of precious metals.
- Stocks (global only):40 company shares
- Energies: WTI and Brent crude oil
Neither the FTSE100 nor cryptocurrencies such as Bitcoin are currently available for trading.
FBS: Deposit and Withdrawal Methods
The deposit and withdrawal options are the subjects of this part of the FBS Review. FBS accepts a variety of payment methods, including:
- Perfect Money
Except for SticPay and Perfect Money, which can charge a fee, these are all fee-free, instant deposits. BitWallet accepts EUR, USD, and JPY as deposit currencies.
FBS: Accepted Countries
The names of the countries that this broker supports are mentioned in this section of the FBS Review. FBS invites traders from the following countries:
- United Kingdom
- South Africa
- Hong Kong
- United Arab Emirates
- Saudi Arabia
FBS is not available to traders from the United States, Japan, Canada, Brazil, Israel, or Iran.
FBS: Customer’s Service
This section of the FBS Review would concentrate on the broker’s customer benefits. FBS offers customer support 24 hours a day, 7 days a week through a Callback service, online Live Chat, Telegram, Viber, and Facebook Messenger. The number of languages available includes
They also have a Support FAQ section where you can get answers to your Registration and Verification questions.
- Personal Information Updating and Recovery
- Financial Management
- Market Situations
- Trading Platform, among other items
After logging into the Live Chat feature, we were connected with an agent in a matter of seconds, who promptly answered our query.
We’ll go into the educational programs that FBS has to provide in this section of the FBS Review. Students at FBS have access to a wide range of educational resources. This necessitates to:
- Forex Guidebooks
- Forex Books
- Tips for Traders
- Video Lessons
- Glossary section.
The Forex Guidebooks’ online training courses would benefit beginners, intermediates, advanced traders, and experienced traders alike. This will be done in the form of brief blog entries. The Forex Books section includes books by several authors.
For all types of traders, the broker often provides access to free Video Lessons on a variety of topics. The Forex Webinars Schedule can also be found on the broker’s website, where users can sign up for them.
FBS: Pros and Cons
- You don’t have to pay a commission.
- ECN accounts are involved.
- Trading is available on MetaTrader 4, MetaTrader 5, and FBS Trader.
- FBS CopyTrade is a service that helps traders and investors to copy the transactions of one another.
- Consumers can use the live chat feature.
- A diverse selection of deposit options
- The bare minimum of instruments available
- IFSC Belize’s compliance.
- There is no mention of segregated customer accounts in the Terms and Conditions.
Conclusion FBS Review
The FBS Review has now come to an end. We may infer that FBS is a foreign forex broker with low minimum deposits after evaluating all of this broker’s features and options. It provides a range of trading accounts with MT4 and MT5 incorporation, as well as the FBS Trader Software. This broker’s spreads are favorable, and it can cater to both novice and seasoned traders.
If you want to check it out, make sure to do so first in a DEMO ACCOUNT to see how it works for you!