A Comprehensive Look
Established in 2009, FBS stands as a versatile broker, offering an array of account types to cater to varying trading preferences and needs. Best suited for traders seeking a mix of accessibility and reputable services, FBS extends opportunities for traders to exploit dynamic financial markets efficiently. The firm’s offerings are comprehensive, yet user-friendly, making it a feasible choice for both novice and seasoned traders.
Expert Reviewer Verdict
FBS emerges as a compelling option for traders, with its platform being notably user-centric and cost-effective. Serving over 16 million traders from 190 countries, FBS is characterized by its simplicity and direct approach to trading, devoid of unnecessary complexities.
The broker boasts competitive spreads, starting from 0.2 pips, presenting a significant advantage for traders mindful of cost. The platform’s intuitive design is a boon for traders, both novice and experienced, seeking seamless navigation. It also provides the option of trading without spreads (fixed spread of 0 pip).
Moreover, the security provided through stringent regulatory compliance affords clients reassurance, reinforcing FBS’s commitment to maintaining high standards of trust and integrity in its operations.
FBS Pros and Cons
Pros
- User-Centric Platform: Suited for all levels of traders
- Low Spreads: Offers competitive spreads starting from 0.2 pips
- Diverse Offerings: Provides a wide range of trading instruments
- Leverage Options: Offers high leverage up to 1:3000
- Secure & Regulated: Operates under international financial regulators
- Customer Support: Available 24/7
Cons
- Education Limitations: More in-depth learning resources needed
- Limited Advanced Features: Not ideal for traders seeking advanced functionalities
FBS Trust and Safety
Security Assurance
The integrity and security of a broker are paramount in the decision-making process for traders. FBS holds its ground in terms of safety, diligently adhering to rigorous regulations and deploying robust measures for fraud prevention and the security of client funds.
Regulation: FBS is regulated under the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Belize. By aligning with the standards and operational guidelines stipulated by these bodies, FBS demonstrates a commitment to maintaining transparency and ethical practices, giving clients a layer of assurance regarding the broker’s reliability.
Fraud Prevention: FBS utilizes state-of-the-art encryption technologies to safeguard sensitive information and financial transactions, establishing a secure trading environment. Enhanced authentication processes are incorporated to deter unauthorized access.
Client’s Fund Security: The broker practices the segregation of accounts, ensuring clients’ funds are kept distinct from the company’s operational funds. This separation guarantees the safety of clients’ capital, preventing the utilization of these funds for any other operational needs and securing them against any unexpected organizational predicaments.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
No |
Regulated By
- Cyprus Securities and Exchange Commission (CySEC, Cyprus)
- Australian Securities and Investment Commission (ASIC, Australia)
- Authorized Financial Services Provider (FSCA, South Africa)
- International Financial Services Commission (IFCA, Belize)
Tradable Instruments
A Diverse Portfolio for Varied Interests
FBS furnishes an extensive array of tradable instruments, catering to a multitude of trading preferences and tactics, covering a variety of asset classes.
The platform primarily emphasizes Forex trading, featuring a comprehensive list of currency pairs including major, minor, and exotic pairs. This diverse offering makes FBS a favorable option for those with a keen interest in forex trading. FBS also extends opportunities for trading in commodities, accommodating those who prefer to deal with tangible goods like precious metals and energies.
Furthermore, for those with a proclivity towards trading in the dynamic world of cryptocurrencies, FBS provides access to prominent cryptocurrencies like Bitcoin, Ethereum, and Litecoin. However, it’s pertinent to note that FBS does not extend opportunities for trading in ETFs, bonds, or options, which may limit options for those looking to diversify their portfolio in these areas.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
FBS Account Types
Offering a Comprehensive and User-Centric Experience
FBS provides a variety of account options to meet the diverse needs of traders. From Standard and Cent accounts for beginners to Pro accounts for professionals seeking advanced trading conditions, FBS covers a broad spectrum of trader preferences. A notable feature is the availability of a demo account, allowing traders to practice and refine their strategies in a risk-free environment, reflecting FBS’s commitment to user-centric learning experiences.
FBS ensures its offerings are inclusive by providing Islamic accounts in compliance with Sharia law and adhering to the principles of fairness and transparency in all its account types. However, traders looking for managed account options need to consider alternative brokers, and FBS’s services are not available to US traders due to regulatory constraints.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
FBS Commission and Fees
Low Cost and Transparent
FBS is renowned for its transparent and competitive fee structure, enabling traders to operate with a clear understanding of costs involved.
Account Minimum
The minimum deposit depends on the trading account type. With a general minimum deposit of 5$, FBS has a low entry barrier, accommodating a wide range of traders.
Trading Fees
FBS operates mainly on a spread-only model, meaning there are no additional trading fees for forex and CFD trades on certain account types.
CFD Fees
CFD fees are embedded within the spread, facilitating more economical trading on contract for differences.
Forex Fees
Similar to CFDs, forex trades are executed on a spread basis, eliminating the necessity for separate commission fees.
Account Fee
FBS does not impose any account maintenance fees.
Inactivity Fee
No inactivity fee levied.
Deposit Fee
Deposits are free of charge, enhancing the overall affordability.
Withdrawal Fee
FBS also does not levy any fees on withdrawals.
Overnight Funding Fee
Overnight funding fees are applicable, but FBS maintains transparency about such charges.
Currency Conversion Fee
FBS charges a nominal fee for currency conversions, vital for traders whose account base currency is different from their trading currency.
Guaranteed Stop Order Fee
FBS does offer guaranteed stop-loss orders, ensuring added protection during unforeseen market fluctuations, and these may incur additional fees.
Trading Platforms
Tailored Solutions for Varied Trading Needs
FBS offers a suite of trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to different trading strategies and preferences. These platforms are acclaimed for their sophisticated charting tools, user-friendly interface, and support for algorithmic and copy trading, serving a broad spectrum of traders effectively.
Mobile Trading Apps
FBS provides mobile trading applications for MT4 and MT5, compatible with both Android and iOS devices, enabling traders to execute trades, analyze charts, and utilize technical analysis tools on the move with ease.
Web Trading Apps
FBS allows traders to access MT4 and MT5 directly from their browsers through web applications, eliminating the need for additional software installations.
Desktop Trading Apps
FBS avails platform versions for Windows and potentially Mac desktops, ensuring a comprehensive trading experience.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Trading and Investment Tools
- One Click Trading Yes
- Email Alerts Yes
- Stop Order Yes
- Trailing Stop Order Yes
- Limit Order Yes
- Charting Package Yes
- Trade off Charts Yes
- Mobile Alerts Yes
- Market Order Yes
- OCO Orders Yes
- 24hr Trading Yes
- Streaming News Feed Yes
FBS Unique Features
Crafted to Accommodate Diverse Trading Enthusiasts
FBS distinctively incorporates a myriad of innovative features on its platform, each structured to enrich the trading journey by conferring insights into market trends and offering valuable tools that enhance decision-making.
The platform integrates push notifications meticulously to keep traders abreast with critical market shifts and variations in account status, enabling traders to respond swiftly to emerging opportunities and changes in market conditions. These notifications are customizable, allowing traders to tailor them to suit their preferences and trading requirements.
FBS also embeds trend exploration tools and instrument-specific insights, offering a more profound understanding of market behaviors and allowing traders to fine-tune their strategies according to prevailing market trends. Additionally, the comparative analysis of users’ trading behaviors available on the platform sheds light on trading practices, empowering traders to reflect on their strategies and optimize them for better outcomes.
By amalgamating these distinctive features, FBS aspires to not just facilitate a seamless trading experience but to also serve as a companion in the traders’ journey, offering insights, learning, and adaptability in the ever-evolving trading landscape.
FBS Research and Education
Diverse Educational Portfolio
FBS puts forth a strong effort in delivering an extensive range of educational and research materials, fostering a learning environment, although there remains a scope for refinement and augmentation in alignment with the industry leaders.
Learning Center Overview: FBS houses a comprehensive learning center enriched with diverse educational content such as video tutorials, webinars, and textual guides focusing on crucial trading concepts and strategies.
Educational Content Comparison: FBS’s educational content resonates well with industry norms, embracing essential subjects like forex fundamentals, technical analysis, and risk mitigation, but a deeper exploration into advanced topics by industry pioneers would be beneficial.
Progress in Education: FBS has demonstrated a consistent commitment to enhancing its educational repository, with a heightened focus on interactive and engaging learning methodologies, signifying its dedication to trader education.
Content Sources: FBS circulates authentic content developed by internal specialists, guaranteeing precise and pertinent trading information, along with insightful market analysis.
Areas for Improvement: FBS could further sophisticate its educational suite by introducing more intricate topics and exhaustive market scrutiny methodologies, tailored for both novices and experienced traders.
Video Focus: While FBS does offer a variety of video content, the incorporation of a wider array of subjects and more nuanced discussions could substantially elevate the video-based learning experience.
FBS Customer Support
Comprehensive and Multifaceted
FBS prides itself on delivering exemplary customer support, marked by its responsiveness and versatility.
FBS addresses customer concerns via several channels like live chat, email, and phone support, ensuring accessibility and efficient resolution.
The accessibility of customer support seems to extend beyond the standard business hours, providing convenience to international traders.
In addition, FBS hosts a detailed FAQ section on its website, offering extensive insights on frequent inquiries concerning trading, account operations, financial transactions, and more.
- Standard Hours Accessibility: Provides 24/7 support
- Extended Hours Accessibility: Available (Exact hours not explicitly stated)
- Multi-Channel Support: Live chat, Email, Phone
- Supplemental Information: FAQ section available on the website
FBS Account Opening
Efficient and User-Friendly
Creating an account with FBS is a streamlined and intuitive process.
Registration: The journey begins with a simple registration form on the FBS website, requiring applicants to enter basic information like name, email, and contact number.
Verification: Post-registration, a prompt email and phone number verification are essential to proceed.
Detailed Inquiry: Subsequently, applicants need to furnish additional data, including date of birth, residential particulars, and a brief on their trading acumen.
Document Submission: In compliance with regulatory mandates, the last step involves uploading pertinent identification and address proof documents.
Given that all requisite documents are at hand, prospective clients can wrap up the application process promptly, typically within a day. FBS doesn’t impose a mandatory minimum deposit to inaugurate an account, making it a competitively advantageous choice for newcomers and seasoned traders alike.
FBS Deposit and Withdrawals
Efficient and Versatile
FBS facilitates smooth and diverse deposit and withdrawal options.
Deposits: FBS accommodates deposits via multiple avenues including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. FBS prides itself on not levying any deposit fees, although additional charges might be incurred from payment providers. With a welcoming approach, FBS keeps its minimum deposit threshold relatively low, enabling traders of varied financial capabilities to engage.
Withdrawals: Consistency is maintained as withdrawals are enabled through the aforementioned payment mediums, ensuring seamless transactions for users. Withdrawals are usually concluded within 1-3 business days. While FBS refrains from applying withdrawal fees, external charges may arise in accordance with the chosen payment provider’s terms.
In essence, FBS has optimized the deposit and withdrawal mechanism, emphasizing convenience and efficiency and abstaining from unwarranted fees, thus ensuring a customer-friendly transaction environment.
Final Thoughts on FBS
FBS emerges as a compelling choice with its diverse trading instruments, intuitive platforms, and efficient customer support. The broker’s commitment to offering low minimum deposits, competitive spreads, and an array of educational materials makes it an accessible and attractive option for traders of varying experience levels. However, it’s pivotal to acknowledge that FBS may have limitations in offering certain trading instruments.
While FBS showcases many admirable qualities, it’s crucial for potential users to conduct meticulous research before opting to trade with them. Evaluating one’s trading requirements, preferred strategies, and risk acceptance is essential. The aptness of a broker is predominantly subject to individual trading inclinations and objectives.
Contact Info
9725, Fabers Road Extension, Unit 1, Belize City, Belize.
FBS FAQs
-
Question: Is FBS regulated?
Answer: Yes, FBS operates under the regulatory oversight of the Financial Services Commission (FSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC), assuring traders of adherence to stringent financial standards and transparent and ethical operations. -
Question: What kind of trading platforms does FBS offer?
Answer: FBS provides traders with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are suitable for varying trading preferences and styles. These platforms are available across various devices, including desktops and mobile devices, enabling versatile trading experiences. -
Question: What types of accounts does FBS provide?
Answer: FBS offers several account types, including Cent, Micro, Standard, Zero Spread, and ECN, to cater to a wide range of trading needs and preferences, each providing competitive trading conditions. -
Question: Does FBS charge commission fees?
Answer: FBS’s commission and fee structures are dependent on the account type. Some accounts operate on a spread-only basis, while others may involve commissions but offer more favorable spreads, catering to diverse trading preferences and strategies.