FBS Broker Review

Is FBS a scam?

FBS is regulated by two regulatory bodies:

1. International Financial Services Commission (IFSC) of Belize: FBS is licensed and regulated by the IFSC under license number IFSC/60/230/TS/18.
2. Cyprus Securities and Exchange Commission (CySEC): FBS is also authorized and regulated by the CySEC under license number 331/17.

In addition to regulatory oversight, FBS offers a number of safety features and measures to protect its clients:

1. Segregated Accounts: FBS keeps client funds separate from its own operational funds in segregated accounts with trusted banks.
2. Negative Balance Protection: FBS offers negative balance protection, which means that clients cannot lose more than their account balance.
3. Security: FBS uses advanced security protocols to protect clients’ personal and financial information, including SSL encryption and two-factor authentication.
4. Compensation Scheme: FBS is a member of the Investor Compensation Fund (ICF) in Cyprus, which provides compensation of up to €20,000 per client in case the broker fails to fulfill its obligations.

Overall, FBS is a regulated and safe broker that offers a range of trading services to clients worldwide. However, as with any broker, it is important for traders to carefully evaluate their own needs and goals and to thoroughly research and evaluate any broker before opening an account.

FBS Trading Platforms

FBS offers a range of trading platforms to its clients, including:

1. MetaTrader 4 (MT4): MT4 is one of the most popular and widely-used trading platforms in the industry. It offers a wide range of tools and features for technical analysis, charting, and automated trading. FBS offers MT4 for both desktop and mobile devices.
2. MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers even more advanced features for trading, including more timeframes, technical indicators, and order types. FBS offers MT5 for both desktop and mobile devices.
3. FBS Trader: FBS Trader is a proprietary mobile trading platform developed by FBS. It offers a simple and user-friendly interface, real-time quotes, and the ability to trade directly from the platform.
4. WebTrader: FBS offers a web-based trading platform that allows clients to access their accounts and trade directly from their web browser without needing to download or install any software.

All of these platforms offer access to a range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. They also offer a variety of order types, including market orders, limit orders, and stop-loss orders, as well as a range of analytical tools and indicators to help traders make informed trading decisions.

Products FBS provides

FBS provides a variety of financial products for trading, including:

1. Forex: FBS offers trading in over 35 currency pairs, including majors, minors, and exotics.
2. Stocks: FBS offers trading in shares of major companies from around the world, including Apple, Amazon, Facebook, and Microsoft.
3. Indices: FBS offers trading in a range of stock market indices, including the S&P 500, NASDAQ, FTSE 100, and Nikkei 225.
4. Commodities: FBS offers trading in a range of popular commodities, including gold, silver, crude oil, and natural gas.
5. Cryptocurrencies: FBS offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

All of these products can be traded using FBS’s trading platforms, which offer a variety of order types, including market orders, limit orders, and stop-loss orders. FBS also offers access to a range of analytical tools and indicators to help traders make informed trading decisions.

FBS account types

FBS offers a range of account types to suit the needs of different traders, including:

1. Cent Account: The Cent Account is designed for beginner traders who want to start trading with a small deposit. The minimum deposit is only $1, and traders can trade in micro-lots (0.01) with a leverage of up to 1:1000.
2. Standard Account: The Standard Account is designed for more experienced traders who want to trade with standard lots. The minimum deposit is $100, and traders can trade in standard lots (0.1) with a leverage of up to 1:3000.
3. Zero Spread Account: The Zero Spread Account is designed for traders who want to trade with tight spreads. Instead of paying spreads, traders pay a fixed commission per trade. The minimum deposit is $500, and traders can trade in standard lots (0.1) with a leverage of up to 1:3000.
4. ECN Account: The ECN Account is designed for professional traders who want to trade in a true ECN environment with no dealing desk intervention. The minimum deposit is $1000, and traders can trade in standard lots (0.1) with a leverage of up to 1:500.

All of these account types offer access to FBS’s trading platforms and a range of financial products, including forex, stocks, indices, commodities, and cryptocurrencies. They also offer a variety of order types, including market orders, limit orders, and stop-loss orders, as well as a range of analytical tools and indicators to help traders make informed trading decisions.

FBS trading fees

FBS charges trading fees in the form of spreads and commissions, depending on the account type and trading instrument. Here’s a breakdown of the trading fees charged by FBS:

1. Spreads: Spreads are the difference between the bid and ask prices of a financial instrument. FBS offers variable spreads, which can fluctuate depending on market conditions and liquidity. Spreads for major forex pairs start from 0 pips on the Zero Spread Account and 1 pip on other account types. Spreads for other financial instruments may vary.
2. Commissions: FBS charges commissions on trades made on the Zero Spread Account and the ECN Account. Commissions vary depending on the trading instrument and account type. For example, the commission for trading forex on the Zero Spread Account is $20 per lot traded, while the commission for trading stocks on the ECN Account is 0.1% of the trade value.
3. Swap Rates: FBS charges swap rates on positions held overnight. Swap rates vary depending on the trading instrument and the direction of the position (long or short).

It’s important to note that FBS does not charge any deposit or withdrawal fees, but there may

be fees charged by third-party payment providers. Traders should also be aware of any fees charged by their bank or credit card provider for international transactions.

FBS Deposit and Withdrawal Options

FBS offers a variety of funding and withdrawal options, including:

1. Deposit Options: FBS offers a range of deposit options, including bank wire transfer, credit/debit card (Visa and Mastercard), electronic payment systems (Neteller, Skrill, Perfect Money, and others), and local payment methods (depending on the country of the trader). Deposit fees vary depending on the payment method used, but FBS does not charge any deposit fees.
2. Withdrawal Options: FBS offers a variety of withdrawal options, including bank wire transfer, credit/debit card (Visa and Mastercard), electronic payment systems (Neteller, Skrill, Perfect Money, and others), and local payment methods (depending on the country of the trader). Withdrawal fees vary depending on the payment method used, but FBS does not charge any withdrawal fees.
3. Fees and Processing Time: Deposits are processed instantly, except for bank wire transfers, which may take 2-5 business days to process. Withdrawals are usually processed within 24 hours, except for bank wire transfers, which may take 2-7 business days to process. Withdrawal fees vary depending on the payment method used, but FBS does not charge any withdrawal fees.

It’s important to note that FBS may require traders to verify their identity before making a withdrawal, as part of its anti-money laundering (AML) and know-your-customer (KYC) policies. Traders may also be required to provide proof of their payment method before making a withdrawal.

FBS’ promotions

FBS offers a variety of promotions to attract and retain traders, including:

1. Welcome Bonus: FBS offers a welcome bonus of up to 100% on the first deposit made by new traders. The bonus amount varies depending on the account type and deposit amount, and there are certain conditions that must be met before the bonus can be withdrawn.
2. Deposit Bonus: FBS offers regular deposit bonuses to its traders, ranging from 10% to 100% of the deposit amount, depending on the promotion. Like the welcome bonus, there are certain conditions that must be met before the bonus can be withdrawn.
3. Cashback: FBS offers cashback to its traders, based on the volume of trades made. The cashback amount varies depending on the account type and trading volume.
4. Trading Contests: FBS hosts trading contests with cash prizes for the winners. There are different types of contests, including demo and live contests, and the prizes vary depending on the contest.
5. Loyalty Program: FBS offers a loyalty program that rewards traders for their trading activity. Traders can earn points for each trade they make, and the points can be exchanged for cash or prizes.

It’s important to note that FBS’s promotions may be subject to certain terms and conditions, such as minimum trading volume requirements or time limits. Traders should carefully review the terms and conditions before participating in any promotions.

FBS customer support

FBS provides customer support services 24/7, including:

1. Live Chat: Traders can access live chat support through the FBS website or mobile app. Live chat support is available in multiple languages and is usually the quickest way to get in touch with a customer support representative.
2. Email Support: Traders can also contact FBS support via email. Email support is available in multiple languages, and traders can expect a response within 24 hours.
3. Phone Support: FBS provides phone support to its traders. The phone support is available in multiple languages and is available 24/7.
4. Social Media: FBS is active on social media platforms like Facebook, Twitter, and Instagram, and traders can also contact customer support via these channels.
5. Knowledge Base: FBS has a comprehensive knowledge base that provides answers to frequently asked questions about trading, accounts, payments, and other topics. The knowledge base is available in multiple languages and can be accessed through the FBS website.

Overall, FBS provides a variety of customer support options to its traders, and the support is available in multiple languages. Traders can choose the support option that works best for them, depending on their location and preferred language.

FBS Educational Resources

FBS offers a range of educational resources to help traders improve their knowledge and skills, including:

1. Video Courses: FBS provides a series of video courses on various topics related to trading, including technical analysis, fundamental analysis, trading psychology, and risk management. The video courses are available in multiple languages and can be accessed through the FBS website.
2. Webinars: FBS hosts regular webinars on various trading topics, which are led by experienced traders and analysts. Traders can attend the webinars live or access the recordings later.
3. Articles and Guides: FBS publishes a range of articles and guides on its website, covering various aspects of trading. The articles and guides are available in multiple languages and cover topics such as trading strategies, trading platforms, and market analysis.
4. Forex Guidebook: FBS offers a comprehensive guidebook for forex traders, which covers the basics of forex trading, technical and fundamental analysis, risk management, and trading psychology. The guidebook is available for free and can be downloaded from the FBS website.
5. Demo Accounts: FBS provides demo accounts for traders to practice trading without risking real money. Traders can use the demo accounts to test out different trading strategies and get familiar with the trading platform.

Overall, FBS provides a range of educational resources for traders of all levels, from beginner to advanced. Traders can access the resources for free and can choose the format that works best for them, whether it’s videos, articles, webinars, or practice accounts.

Pros and cons of FBS

Pros:

1. Regulation and Safety: FBS is regulated by respected financial authorities, providing traders with a level of security and transparency.
2. Multiple Account Types: FBS offers a range of account types to suit different trading needs and preferences.
3. Trading Platforms: FBS provides traders with access to a range of trading platforms, including MT4 and MT5, which are popular and well-regarded platforms among traders.
4. Educational Resources: FBS offers a range of educational resources for traders of all levels, from beginner to advanced.
5. Customer Support: FBS provides customer support services 24/7, in multiple languages, through various channels.

Cons:

1. Limited Product Range: FBS offers a limited range of products, focusing primarily on forex and CFDs.
2. High Spreads: FBS’s spreads can be higher than those of other brokers, which can impact the profitability of trades.
3. Limited Withdrawal Options: FBS’s withdrawal options are limited, and traders may incur fees for certain withdrawal methods.
4. Limited Research Tools: FBS offers limited research tools, which may make it difficult for traders to conduct in-depth market analysis.
5. Inactivity Fees: FBS charges inactivity fees on accounts that have not been used for a certain period of time, which may discourage traders from keeping accounts open.

Overall, FBS is a well-regulated broker that offers a range of account types, trading platforms, and educational resources. However, it does have some drawbacks, including high spreads and limited product range. Traders should carefully consider these factors when deciding whether to trade with FBS.

Frequently asked questions about FBS

Is FBS a regulated broker?

Yes, FBS is a regulated broker. It is regulated by the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC).

What trading platforms does FBS offer?

FBS offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and FBS Trader, which is its proprietary mobile trading platform.

What account types does FBS offer?

FBS offers a range of account types, including Cent, Micro, Standard, Zero Spread, and ECN accounts.

Does FBS offer educational resources?

Yes, FBS offers a range of educational resources, including video courses, webinars, articles and guides, a forex guidebook, and demo accounts.

What funding and withdrawal options does FBS offer?

FBS offers a range of funding and withdrawal options, including credit/debit cards, bank transfers, electronic payment systems, and local payment methods. However, withdrawal options are limited, and traders may incur fees for certain withdrawal methods.

Does FBS offer customer support?

Yes, FBS offers customer support services 24/7, in multiple languages, through various channels, including live chat, email, phone support, social media, and a knowledge base.

What are the pros and cons of trading with FBS?

The pros of trading with FBS include regulation and safety, multiple account types, trading platforms, educational resources, and customer support. The cons of trading with FBS include limited product range, high spreads, limited withdrawal options, limited research tools, and inactivity fees.