FBS

Editor's Score 3.9
Pros
  • Excellent selection of trading platforms
  • Highly reputable broker
  • Phenomenal customer support
Cons
  • Limited tradeable assets
  • Too many account types
  • Offshore trading brokerage
Min Deposit
$1
Max Leverage
1:3000
Mini Account
Bonus
100
Platforms
Withdrawal Options
  • Credit Card
  • Bank Transfer
  • Skrill, Neteller

Review

Introduction

FBS is an international online trading brokerage that was launched out of Belize back in 2009. Since their establishment, FBS have expanded their trading services to over 190 countries around the world and now service 8,000,000 traders and 315,000 partners across the globe and supports 17 different languages. The brokerage provides a simple and easy trading experience with a selection of trading platforms and wide array of tradeable instruments.

FBS is obviously a successful online trading brokerage and have won countless awards since their establishment in 2009. Some of their most notable awards include; Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia, Best Forex Broker Thailand, and Best International Forex Broker. As well, FBS has won many other awards for various reasons.

Not only has the FBS brokerage seen great success, but they also provide safe and reliable online trading services to their clients. FBS is licensed and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/230/TS/18.

Trading Conditions

The FBS online trading brokerage is very accepting and supportive of nearly every type of trader. FBS offers their clients the choice between 6 different trading accounts, each with slight differences to better suit their needs. Overall, the trading conditions outlined in these accounts vary but are very favourable. See the trading accounts and their trading conditions overviewed below.

Cent Account

  • Deposit from $1.00
  • Floating Spreads
  • Zero commission trading
  • Up to 1:1000 leverage
  • Market Execution

Micro Account

  • Deposit from $5.00
  • Fixed Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Standard Account

  • Deposit from $100
  • Floating Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Zero Spread Account

  • Deposit from $500
  • Fixed Spreads
  • Zero commission trading
  • Up to 1:3000 leverage
  • Market Execution

Unlimited Account

  • Deposit from $500
  • Floating Spreads
  • Zero commission trading
  • Up to 1:500 leverage
  • Market Execution

ECN account

  • Deposit from $1000
  • Floating Spreads
  • Zero commission trading
  • Up to 1:500 leverage
  • ECN Execution

Products

The FBS trading brokerage features a wide array of tradeable instruments across the global markets for their clients to trade. For instance, traders can participate in the trading of over 35 forex currency pairs, 4 precious metals, 3 CFDs, and 4 cryptocurrency CFDs. While the extent of tradeable assets offered is rather small compared to some brokers, the range of markets available to trade in are wide.

Regulation

FBS is not widely regulated even though they are an international online trading brokerage. The only regulatory authority governing the FBS trading brokerage is the International Financial Services Commission (IFSC) with license number IFSC/60/230/TS/18. FBS is an offshore trading brokerage and therefore is not as reliable as some brokers. FBS’s headquarters are located at No.1 Orchid Garden Street, Belmopan, Belize, C.A.

Platforms

The FBS online trading brokerage provides their clients with the choice between two of the most highly sought-after trading platforms, the MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) trading platforms. Both these platforms are highly advanced and sophisticated while at the same time very user-friendly and easy to use.

The MetaTrader platforms offered by FBS consist of both the WebTrader platforms and the downloadable platforms. All platforms are fully compatible with Windows, Mac, and Linux operating systems as well as multiple web browsers for the web-based versions.

All in all, both the MT4 and MT5 trading platforms offered are relatively the same. The main difference between the two is that the MT5 trading platform has an upgraded trading interface, a few additional features, and is more suitable for the trading of all financial assets other than forex. Therefore, traders looking to participate solely in the forex markets will choose the MT4 platform and traders more focused on a wider variety of markets will choose the MT5 platform.

Both platforms feature auto trading functionality with Expert Advisors (EAs) as well as a sophisticated charting package with three chart types, over 50 technical indicators, and a variety of drawing and analysis tools.

Mobile Trading

Both the MT4 and MT5 trading platforms offered by FBS feature downloadable mobile trading applications for both iOS and Android mobile devices. The mobile trading app can be downloaded from the Apple App Store and the Google Play Store for free. The trading apps are fully optimized for the mobile screen and feature all the same functionality as the desktop platforms. As well, traders wanting to use the FBS website on a mobile device can, as it has been optimized to work on mobile devices too.

Pricing

The FBS trading brokerage is accepting of all experience levels of traders and therefore provides trading accounts with minimum deposits from as low as $1.00 and professional ECN trading accounts with minimum deposits from $1,000. As for the available spreads, FBS provides floating spreads as low as 0.2 pips, fixed spreads as low as 3 pips, and trading without spread, but with a commission starting from $20. All in all, the spreads and commissions offered by FBS are quite favourable and competitive with the industry standards.

Deposits & Withdrawals

FBS provides their traders with an extensive array of deposit and withdrawal options with a total of 72. All methods of deposit are free of charge and withdrawals have varying commissions depending on the method used.

Deposits via the most popular e-wallets and credit cards are instant, and all other methods take between 15 – 20 minutes or a maximum of 48 hours to complete. Withdrawals generally take between 15 – 20 minutes or a maximum of 48 hours to complete and come with a small commission for most methods.

See below, a list of the most popular deposit and withdrawal methods.

  • Visa/MasterCard
  • Neteller
  • Skrill
  • Bitcoin by Skrill
  • PerfectMoney
  • Mybitwallet
  • OKPAY
  • AstroPay

Customer Support

The level of customer care and support provided by FBS is truly phenomenal. Traders can reach support representatives 24 hours a day, 7 days a week via email, live chat, Telegram, WeChat, and telephone with multiple international numbers. Also, clients can schedule a call back if they prefer not to wait. However, support representatives are generally quick to respond and friendly with their responses. Additional methods of support include an extensive FAQ page and interaction via various social media channels.

Research & Education

FBS provides their traders with a comprehensive education and research centre that’s packed with educational resources and content. For instance, traders have access to market analytics such as forex news, daily market analysis, and forex tv. They also have access to trader tools including an economic calendar, central bank rates, and forex calculators. As for educational material, traders are provided with a forex guidebook, tips for traders, webinars, video lessons, seminars, and a glossary. All in all, we were very impressed with the extent of educational content and market research resources.

Noteworthy Points

The FBS trading brokerage is highly successful and has an excellent reputation in the online trading industry. Therefore, the brokerage has various noteworthy points worth mentioning. For instance, FBS stands above the rest of online trading brokerages in the following areas.

  • Extent of deposit and withdrawal options.
  • Variety of educational content and resources.
  • Exceptional selection of trading platforms.

Conclusion

The FBS online trading brokerage is a widely used international Forex and CFDs trading brokerage that features an array of tradeable assets across the global markets. FBS is an offshore trading brokerage which raises some concerns, however, they have an excellent reputation and are licensed and regulated by the IFSC. FBS is supporting of all types and experience levels of traders and offers them favourable trading conditions and low commissions and fees. Traders at FBS have an excellent selection of trading platforms to choose from and can trade a variety of financial assets with all the tools and features necessary to succeed. All in all, FBS is a solid online trading brokerage and could be the right broker for you.

Comparison

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