This post is also available in: Indonesia
|Official website: www.fbs.com||Found in: 2009|
|Headquarters: Belize and Cyprus||Platforms: MT4, MT5, FBS trader|
|Min. Deposit: 1 USD, 10 EUR||Demo Account: Yes|
According to this broker, it registers over 7,000 new accounts every day. The official trading partner of the Barcelona football club, FBS broker is an honest and regulated Forex provider with a wealth of educational resources. Here is an overview of its main strengths today.
GO to FBS broker site
Geography and Regulation of FBS broker
At present, FBS is a truly global brand. It operates in 190 countries. The sheer number of clients is astonishing – over 15 million! The company also has 410,000 partners. FBS broker provides broad educational opportunities. Aside from the content available on the official site, traders may attend seminars and other events.
The official name of the company is FBS Markets Inc. The broker has a license from the IFSC (license IFSC/000102/124), and it is registered in Belize. As a regulated company, it complies with all industry standards. Which ensures a fair and safe trading experience.
Range of Instruments
Through FBS, clients gain access to different markets: Forex, precious metals, CFDs, and stocks. The standard account gives access to 28 Major and Minor pairs and nine Exotic combinations. The metals include Silver, Gold spot, Platinum spot, and Palladium spot. Clients may trade stocks of 40 largest corporations (Alibaba, Netflix, Walmart, etc.). There are also six types of CFDs:
- on crude oil (Brent and WTI);
- on market indices (DAX30, NASDAQ, S&P 500, and Dow Jones).
Overview of Trading Technology
The broker offers two generic platforms – MetaTrader 4 and MetaTrader 5. Each version may be used as desktop software, web-based terminal, or mobile app. These products are used by many Forex brokers due to their broad functionality.
Generally, MT4 is chosen by newbies and currency traders, while the successor is best suited for diversified portfolios. Thanks to cross-platform functionality, you can switch between devices easily. Positions can be managed on the go.
These solutions are complemented by the broker’s unique system – FBS Trader. It may be installed on any iOS or Android phone. Users may trade 50+ FX pairs and metals. The mobile app has quite a few advantages. It gives instant access to live quotes and stats, easy account management, and smooth payments via 100+ systems.
Download Mobile APP
The broker offers five types of accounts. These cover two pricing models: market-maker and ECN. In terms of costs, clients may choose between commissions and broader spreads.
Accounts denominated in cents are perfect for beginners who want to experience live trading with minimal risk. Finally, the company offers FBS login with swap-free accounts for its Muslim traders. These allow them to comply with the teachings of Islam.
1. Cent Account
This account is designed for traders with limited funds and those who want to keep their risks to a minimum. The lowest acceptable deposit is only $1. Leverage may reach 1:1,000, and you may have up to 200 open positions and pending orders at once. Position sizes vary between 0.01 and 1.000 cent lots.
2. Micro Account
This account may be opened with just $5. It is denominated in dollars, not cents. Leverage may reach 1:3,000, and the size of a position ranges between 0.01 and 500 lots.
3. Standard Account
To open a Standard account, you need at least $100. Another difference is the lower size of the floating spread – from 0.5 pip (it starts from 1 pip for cent and from 3 pips for micro). Leverage and position size are the same as for Micro.
4. Zero Spread Account
As the term suggests, this account guarantees fixed zero spreads as it is based on commission. Clients are charged from $20 per lot. Leverage and position size are the same. You need at least $500 to open this account.
5. ECN Account
This type requires the biggest investment – $1,000. Another difference is the absence of trading limits – you can open as many positions as you like. The floating spread may be as low as -1 pip. The commission is $6. Leverage is limited to 1:500. The position sizes are the same.
The company offers attractive copy trading conditions for traders and investors. Through the special FBS CopyTrade app, they may track their peers’ performance and follow them. A client may also become a copied trader and earn a commission for their decisions. This option is also accessible through their Personal Area. It is possible to copy MT4 Standard and MT4 Micro accounts.
The FBS broker offers leverage up to 1:3,000. The conditions depend on the type of account, instrument, and volume. Trading on margin allows clients to boost their buying power and manage more than they can afford. This makes impressive profit possible with even a modest investment.
The broker stresses the importance of thorough risk management in case of leveraged trades. As clients have negative balance protection, their loss may never exceed their balance. They are also encouraged to use stop-loss orders.
There are two ways to contact the broker. Clients may type their questions in the live chat window and receive assistance in real-time. Alternatively, they may request a call back from the site. Support is available 24 hours a day, 7 days a week.
Since its establishment, the FBS broker has earned international acclaim and an impressive number of awards. Here are some of them. This list reflects the broker’s impressive geography.
- FX Broker Indonesia,
- Forex Broker Southeast Asia,
- Forex Broker Thailand,
- Best International Forex Broker,
- Best Customer Service Broker Asia 2016,
- FX IB Program – China 2017,
- The Most Progressive Forex Broker Europe 2019,
- Best Forex Broker Vietnam 2019.
Conclusion of the FBS broker Review
In comparison with other large brokers, FBS offers a modest number of instruments. Although the broker is officially licensed and regulated, its contact options are fairly limited. Still, it is an internationally recognized leader in the field of trading and investment.
Since 2009, broker FBS has been continuously developing. Today, it is a serious FX provider trusted by clients from over 190 countries. Most of them stay with the company throughout their trading careers.
Conclusion Summary table
|Headquarters:||Cyprus, Belize ad Marshall Islands|
|Regulation:||ESMA and CySEC, IFSC|
|Platforms:||MT4, MT5, FBS web trader|
|Instruments:||Forex, CFDs on Indices, Metals and Energies|
|Minimum deposit:||1 USD for Global trader, 10 EUR for EU|
|Education:||Forex Education including Webinars, Videos and Forex TV|
This post is also available in: Indonesia