FBS Forex Broker – Detailed Review
FBS is a broker company that began in 2009, and it is now taking the lead among the most successful brokers around the world. It serves more than 190 countries and shows its excellence by earning some prestigious awards in Forex Market.
Today, FBS became a Cyprus broker and extended its services to the European people for both new and expert traders. The broker offers useful tools and a fully regulated trading service.
FBS offers transparent trading conditions by using popular instruments like Forex, Metals, and all connected through the STP model. Also, FBS makes a smooth and convenient trading process through excellent execution and exceptional customer service it offers. There are lots of educational materials and programs organized to enhance your trading skills. And also to learn the importance of knowledge in markets.
Regulations of FBS
FBS is the brand name used by FBS Markets Inc.; Registration No. 119717; FBS Markets Inc is regulated by IFSC, license IFSC/000102/124; with Address: 2118, Guava Street, Belize Belama Phase 1, Belize. Its compliance with the International Financial Services Commission proves its reliable status. However, other Forex brokers are complying with multiple well-known regulators which are BDSwiss, Avatrade, EasyMarkets, ThinkMarkets, and Axiory.
FBS also complies with CySEC (Cyprus Securities and Exchange Commission, with license number 331/17) to serve its European clients. The European entity of FBS is operated by Tradestone Limited (address: 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol, Cyprus). The trading conditions and leverages for European traders are different from the rest of the world due to CySEC regulation. FBS automatically redirects the clients to the appropriate website for registration and informs them clearly about the regulatory authority while signing up.
Hence, we can say that FBS offers reliable trading conditions. The broker provides Bonus Deposits and Negative Balance protection to traders. It makes sure to keep the client’s funds segregated from the company’s funds. Also, FBS falls under the Compensation Scheme, which protects the client’s funds in case of any bankruptcy issue.
Reliability of FBS Forex
FBS Trading Platforms
FBS offers to execute orders through the market leader and a powerful platform– MetaTrader4. It is an excellent platform that is available on PC or MAC, Android, or iOS devices, best for trading on the go.
Also, With MP4, you can enjoy daily technical and fundamental analysis data that you can find in the news section. You can also access more than 50 technical indicators, one-click trading, use EAs with no limitations, and trade with VPS service support. If you want to trade with the worldwide entity of FBS, you can use MetaTrader5. This platform is more advance, has excellent features, and has great trading opportunities.
FBS Costs and Accounts
Just like other brokers, FBS also offers both demo and live trading accounts. To start an account, you may choose between the Standard Account and Cent Account. And both are a perfect option for newbies due to their much lower requirements and risks involved.
FBS Markets Spread
Having two account types, traders will have an option whether to trade with Standard spread starting from 1 pip, or Cent account, which offers tight spread. For the Standard account, the typical spread for the EUR/USD pair is 0.9. And Cent Account EUR/USD spread is three pips.
FBS Overnight fee
FBS has an overnight fee or swap in case you hold positions straight from the platform and perform a swing strategy.
What Leverage does FBS offer?
Leverage levels increase the trading size by its possibility to grow the initial balance that brings chances to higher profits. The traders can manage the Leverage of their account, which can be set up to 1:3000, depending upon the account types. For trading in Europe, you may have maximum use of 1:30 Leverage for major currency pairs. For the Marshall Islands, FBS may offer high leverage ratios up to 1:1000. So, always keep in mind to study how to use Leverage, not just to earn, but also to reduce the risk of losing money.
FBS Payment Methods
To transfer into live trading, FBS offers a range of the most convenient payment options to deposit your account. It includes Visa and MasterCard, e-wallets Neteller, Skrill, and Wire transfers.
FBS minimum deposit
FBS allows trading through Cent account with only a 10$ minimum deposit. It is an excellent choice for new traders. The Standard Account yet requires only a 100$ initial deposit.
FBS withdrawal fee
What is best about FBS is it offers a 0$ fee for both withdrawals and deposits. But, keep in mind to check it with your payment provider in case any fees are waived. Also, it depends on your country of origin.
The purpose of this FBS brokerage review is to present this company’s fair trading services. Also, it offers accounts to traders no matter the level of expertise or size of investments. It all made possible with the range of account types, platforms, advanced tools, and helpful customer supports. The company offers the average trading cost, and there is no confusion with the company’s Market execution model as an STP Broker. Overall, FBS is an excellent online trading platform that is suitable for every type of trader.