FBS Review – Online Platforms, Commission, Leverage, Account Types, Features & more
Choosing a reliable online broker is one of the most crucial things for any investor. Your friend or trading partners might have recently advised you to go with FBS online broker.
So let us disclose some of the major features that this trading platform offers you before you start using it.
In the financial market, FBS is an interactive approach for all traders who wish for massive wealth-building with minimum efforts.
However, FBS isn’t a wealth-generating machine, for sure. Still, you can call it a smart and most effective way to achieve your wealth goal.
For instance- with FBS, you can invest in diverse assets using some special analysis tools for prompt execution. Alongside, you can also nurture your knowledge in trading using FBS.
Hence it becomes genuinely essential for you to know more about this online trading platform by going deep into the details of this FBS review.
About FBS & Accepted Countries
FBS burst into the financial market for the first time in 2009. Ever since then, the FBS has grabbed the massive attention of traders.
FBS trading platform takes you on a wonderful ride of strategic trading where you can secure your profitable position. It’s a reliable platform that offers you the most-desired feast of ‘trading.’
Over time, the company branched out and became the strongest player in the trading sector.
The primary reason lies in its strong foundation that encourages traders to invest confidently in this trading platform.
FBS is operated by CySEC (Cyprus Securities and Exchange Commission) and Tradestone Ltd.
However, most of its international operations are regulated by the IFSC (International Financial Services Commission) of Belize.
|Founder / CEO||Christos Kakourides|
Currently, FBS satisfies its vast client base from 190+ countries, including Pakistan, Indonesia, Malaysia, South Africa, and the EU.
Hence, you get an idea about FBS, how amazingly this platform is working that such a big number of people are enjoying it.
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FBS Trading Platforms
Though, only a single domain name doesn’t make a trading platform an attractive option. Besides, there’re lots of things linked with the decision of choosing a reliable and best trading platform.
|Trading Platform||MT4, MT5|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||Arabic, English, french, german, Indonesian, Japanese, Korean, Malaysian, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese|
For instance- is the platform convenient and offering what modern traders demand? All such things do matter, and one should consider them.
Though, the FBS trading platform cares for its clients. In this review, we’ll notice plenty of things that FBS offers so it could better serve its clients.
Such as, the platform uses an NDD system (a non-dealing desk) along with STP, which ensures prompt execution of the orders.
You can also choose between two trading platforms- the Meta Trader 4 and Meta Trader 5 at your convenience.
FBS Mobile App
Don’t worry: if you’re a mobile user, you can trade using FBS’s official Trading app. The developers of this trading app have tried to provide simple and highly readable navigation.
It is a feature-rich trading app that allows the trader to invest and do everything that desktop users can do.
Simply download the app by visiting your Mobile App Store on your Android (APK) devices or iOS devices.
The mind-blowing trading features in the app allow traders to analyze the top tradable instruments from various options thoroughly.
The real-time stats keep you up to date with the latest happening in the market. Also, you can easily manage various tasks while trading on this app.
You can also use both MT4 and MT5 trading platform on the FBS official mobile app on both iOS and Android Devices.
Check out Mobile Apps of more Forex Brokers
FBS Commission or Brokerage
Before proceeding with investment via an online broker, the first thing that strikes in every trader’s mind is spread.
However, if you briefly discuss the spreads you get in FBS, these vary as per the user’s account choice.
For instance- if you’re an international client, you may have to welcome a spread of 3.0 pips for a Micro account.
Similarly, on a standard account, the spread is 1.1 pip. Though, the zero pips are a kind of never-seen-before thing. But it’s true.
If you choose Zero or ECN accounts provided by FBS, you get Zero pips spread. But make sure the global branch of FBS charges $20 per lot as a fixed-commission.
If you wish to go with a Zero spread account or ECN account, it also sets fixed-commission $6. Similarly, if you trade stock, you may incur $3 charges or $25 if you trade CFD.
Apart from these fees, you should also worry about rollover fees if you want to hold a position overnight and various little other fees too.
These fees sometimes create a hectic situation for traders. Thus, you can also view it as a significant shortcoming of FBS.
|Commission on trades||No|
FBS Exposure or Leverage
FBS leverage isn’t fixed: it varies as per the type of account you choose. In the EU, you can expect ‘leverage’ up to 1:30 by FBS if you choose Standard or Cent/Zero account types.
Apart from this, FBS also offers 1:1000 ‘leverage’ at its global platform on Cent account. For ECN, the ‘leverage’ is up to 1:500, and for other account types, leverage goes up to 1:300.
Payment Methods provided by FBS
At every online trading platform, multiple payment modes are the most requisite thing. It helps the trader to make a prompt selection in a hassle-free manner.
|Deposit Options||Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer|
That’s why FBS offers you different payment gateways to fund your account on time and withdraw money whenever required.
Such as, you can choose wire transfer, electronic payment systems, Visa, Neteller, and Skrill payment modes. However, it can take up to 48 hours to wire transfer or withdrawals.
In most instances, FBS asks you for document verification if you want to withdraw money. The commission fees may also apply to the withdrawals.
So make sure you’re already familiar with the payment-related T&C of FBS.
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by FBS
If you’re using FBS, you can get access to a great range of tradable assets. Such as, with FBS, you can trade Forex, Metals, Energies, Stocks, Indices, etc.
Similarly, you can bring different strategies into execution. Nowadays, traders mostly seek those trading platforms that offer them access to multiple markets.
They do this to build a strong position in the market by investing in multiple asset classes.
|Total Tradable Assets||79|
|Number Of Currency Pairs||35|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||33|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
FBS Virtual Trading Account or Demo Account
Yes, you get a Demo Account at FBS online broker. Without paying a single penny, you can use this virtual trading account.
Though, you get everything similar in these demo account to what you get in premium one. Meanwhile, if you encounter any doubt about investment using FBS, the demo account clears it all.
The demo account ensures you first raise your confidence in trading skills and sign up for the premium account accordingly.
It’ll help you in avoiding the futuristic trading mistakes that most of the new traders repeat frequently.
|Virtual Money||$ 5000|
FBS Offers or Deals
Surprisingly, FBS on its official website offers you bonuses and promotions benefits. A trader can earn $100 as a bonus amount that can be withdrawn.
For more information, you can check on their official site. Though, FBS also provides most of its clients the opportunity of earning a 100% deposit bonus.
Hence, you can expect that the platform is genuinely worth your decision to choose it.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||Yes|
FBS Regulation or Licensing
FBS adheres to the international legal, financial policies that protect the client from threats and hoax games that are increasingly becoming a matter of concern for every trader.
The FBS broker is regulated by CySEC (Cyprus Securities and Exchange Commission). Also, it’s controlled by the IFSC (Financial Services Commission of Belize (IFSC).
This online trading platform also offers you negative balance protection, which is a good thing.
All these points are enough to clear your doubt that this online trading platform isn’t a scam. So feel free to sign in FBS and start trading.
Find out Regulations & Licensing of more Forex Brokers
|Easy Markets||Fusion Markets||Go Markets||IronFX|
|FP Markets||FXPro||IG Group||Libertex|
FBS brokers’ features are truly plausible as you get everything that speeds up your trading practices within a single interface.
For instance, you get a forex calculator, economic calendar, news related to forex, and market update. There’re plenty of things you get alongside to maximize your knowledge.
The platform is equipped with extensive educational materials. Hence, with every step, you’ll be taking your trading skill to the peak.
The live webinars and video tutors can’t be overlooked. These little things encourage traders, mainly the new ones, to tap into the trading sector with confidence.
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
FBS Account Types
FBS offers different account options to its clients. Still, every account has its own underlying specification and shortcoming.
|Account Type||Cent||Zero Spread||Standard||Micro||Unlimited ECN|
But remember, since FBS operates under two additional entries, Global and EU, so the account types may vary.
In particular, there’re mainly two types of FBS account, Standard accounts and Cent Account in its EU branch.
On the other hand, users get Micro, Zero Spread, and ECN account at its global branch as an additional offer. Similarly, you get a total of 5 account types in its global branch.
The cashback offers, bonuses, and high leverage of a maximum of 1:300 are further plus points of it. Though, you get a dummy version of every premium account too.
Account Opening Process
However, compared to the other trading platform, the account opening process at FBS can be overwhelming.
Make sure you follow the steps stated below so you get instant access to your live trading account.
- Enter all the details- such as- Name, Phone, email address, etc
- Get a confirmation link on your registered email or mobile number.
- Upon receiving, you can choose to start the Demo Account.
- Select the account type and choose the currency
- Give the system some answers related to your experience in trading.
- Upload the original proof of your identity, residential address, etc.
- Click the Submit button and wait for a few working days.
- Once your account gets verified, you can deposit money.
- Explore and choose your product and start trading
FBS Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||ECN, No dealing desk, STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
FBS – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
- Best Forex Platforms MT4 & MT5
- Easy to use and learn
- Proprietary FBS Trader
- No restrictions on strategies
- Copy Trade and Technical Indicators
- Available in various languages
- Competitive zero-pip spreads
- Ultra-low minimum deposits
- Lots of promotions & deposit bonuses
- Many Commission and fees on the global platform
- Fewer account and trading options in the EU
FBS Trading Hours
Feel free to use the FBS broker site throughout the day without any problem. Remember that the original market decides the opening and closing time.
So choose your asset accordingly or create a plan so you could avoid inviting extensive fees or charges.
But thankfully, the FBS also offers you VPS (Virtual Private Server Service), which provides you relief from many problems.
FBS Customer Care & Contact Details
You can contact the FBS Customer support anytime, and they are always there to assist you in the following languages. Such as- Portuguese, English, French, Spanish, German and Italian:
Email – email@example.com
Contact number – +357 25313540
Live chat – logo in the bottom right side.
Address – Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus
You can contact the customer support team by going with these options- callback, live chat, and WhatsApp.
|Support During Weekends||Yes|
|Live Chat Support||yes|
|Customer Support Languages||Arabic, English, French, German, Indonesian, Japanese, Korean, Malaysian, Portuguese, Spanish, Thai, Turkish, Vietnamese|
FBS Safety & Security
No third party can steal your personal detail or transaction details that you submit at FBS.
Thanks to the TLS (Transport Layer Security), which safeguards your privacy. And you trade with FBS more reliably.
However, the dual-step verification ensures that only real user use his/her account. However, at online platforms, where the monetary exchange takes place, these things become more requisite.
Since FBS pay shows special concern towards this thing, hence lives up to expectation in our review.
FBS Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.5 / 10|
|Products & Services||7.8 / 10|
|Brokerage Charges & Fees||8.1 / 10|
|Research & Advisory||8.2 / 10|
|Trading Platforms||8.1 / 10|
|Overall Ratings||7.9 / 10|
|Total Client Reviews||211|
FBS Trading – Conclusion
In the end, now you can think about trade using FBS international forex broker. In this FBS review, we got to know plenty of points stating the significance of this trading platform.
Though, the commission and fee structure that this platform charge from you often becomes a hectic process.
Still, the bonuses and rest of the features make this broker stand out in the crowd. That’s why you must use this FBS trading platform for the achievement of your wealth goals.
Open a Forex Trading Account Now! – Fill up the Form
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