FBS broker is a well-established online broker offering a wide range of trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies. With its user-friendly platform, competitive pricing, and extensive educational resources, FBS has gained a significant following among traders worldwide.
This comprehensive guide will study deeper into the features and benefits of FBS, helping you decide if it is the right fit for your trading needs.
FBS broker review
Is FBS a regulated broker? Yes, FBS is a regulated online broker overseen by multiple financial authorities, including the FSC, CySEC, and ASIC. With a user-friendly platform, competitive spreads, and multiple account types, FBS caters to traders of all levels. Enjoy fast deposits and withdrawals, along with 24/7 customer support.
FBS unites traders from over 150 countries worldwide. FBS provides MetaTrader Multi Terminal for managing multiple accounts, along with a user-friendly mobile app. FBS provides advanced technical protection to safeguard your trading journey.This includes segregated accounts, regulated payment compliance, SSL certification, and other security measures.
FBS broker regulations
Is FBS trading broker legit? Yes, FBS is a legitimate forex and CFD broker. It is regulated by multiple financial authorities. They are given below.
- Financial Services Commission of Belize (FSC)
- Cyprus Securities and Exchange Commission (CySEC)
- Australian Securities and Investments Commission (ASIC)
This regulatory oversight ensures that FBS adheres to strict fairness, transparency, and client protection standards.
- FBS is a member of the ICF of Cyprus, providing additional protection for clients in case of financial difficulties.
- This broker adheres to strict data privacy standards, ensuring the security of client personal information.
- Client funds are kept separate from company funds, reducing risk and promoting transparency.
- To safeguard its clients from incurring losses exceeding their account balance, FBS offers negative balance protection.
FBS Markets Inc. does not operate in the following jurisdictions such as the USA, the EU, the UK, Israel, Iran, and Myanmar.
How to open an account with an FBS broker?
To open an FBS account and start trading, follow these steps.
- Visit the FBS website and click “Open Account.”
- Fill out the registration form with your details.
- Select an account type that matches your trading strategy.
- Verify your email and phone number to confirm your identity.
- Upload ID documents for verification.
- Fund your account via your preferred payment method.
- FBS log in to your using your email and password.
- Begin trading on your chosen platform (MT4, MT5, or the FBS app).
FBS broker account types
FBS offers a range of account types to suit different trading styles and risk tolerances.
- Standard account
- Cent account
Practice risk-free with a demo account before you start trading. FBS caters to all traders, offering standard and cent demo accounts to suit your comfort level. FBS provides Islamic accounts for those seeking swap-free trading in line with Islamic principles. The leverage, spread, platform, suitability, and order volume are given below.
| Account type | Suitable for | Platform | Initial deposit | Spread | FBS broker Leverage | Maximum leverage | Order volume |
|---|---|---|---|---|---|---|---|
| Standard | Experienced traders | MT5 | €100 (or equivalent in $) | Floating from 0.7 pips | Up to 1:30 | Up to 1:500 | 0.01 – 500 lots |
| Cent | Beginners | MT5 | €10 (or equivalent in $) | Floating from 0.7 pips | Up to 1:30 | Up to 1:500 | 5 Standard lots |
| Demo standard | A perfect fit for Forex newcomers | MT5 | – | Floating from 0.7 pips | Up to 1:30 | – | 0.01 – 500 lots |
| Demo cent | Beginners without risking real capital. | MT5 | – | Floating from 0.7 pips | Up to 1:30 | – | 5 Standard lots |
- The minimum deposit for an FBS trading account is $5. However, please note that this amount can vary depending on the payment method you choose. For a smoother trading experience, you need to deposit at least $100.
- In the demo account, you can trade 28 Currency pairs, 4 Metals, 11 Indices, 5 Energies, and 16 Forex exotics.
FBS broker trading platform
FBS trading broker review offers a variety of trading platforms to suit different preferences and trading styles. Compare MT4 vs MT5: who wins the platform battle.
- FBS app
- Meta Trader (MT4)
- Meta Trader (MT5)
FBS app
- The FBS app offers a comprehensive suite of features for traders, including easy deposit and withdrawal options, account management tools, real-time charts, and access to over 550 trading instruments.
- Its User-friendly design makes trading accessible to everyone, regardless of experience.
- You can easily market analysis, manage your accounts, and execute trades efficiently on your Android or iOS device.
- With access to over 90 technical indicators, you can identify price trends, patterns, and potential trading opportunities.
Meta Trader (MT4)
- The FBS platform offers intuitive trading tools, including 9 chart timeframes and 31 technical indicators for personalized strategy management.
- FBS offers MT4 with features like market news, automated trading using over 17,700 Expert Advisors and technical indicators, seamless trading across devices, and efficient management of multiple MT4 accounts.
- MT4 is available for Windows, macOS, Web Trader, Android, iOS, and Multiterminal, offering versatility for traders to access and use the platform on their preferred devices and operating systems.
MetaTrader 5 (MT5)
- The trading platform FBS of MT5 offers advanced trading tools, including 21 chart timeframes and 38 technical indicators for customizable analysis.
- Stay informed with the real-time economic calendar, and leverage upgraded Expert Advisors for automated trading.
- Risk management effectively with the hedging option, and trade a diverse range of 550+ instruments across Forex, Metals, Indices, Stocks, and Energies.
- You can also use 8 pending order types for precise control. MT5 is available for Windows, MacOS, Android, web, and iOS.
FBS trading instruments
FBS offers a diverse range of 550+ trading CFD assets, including Forex, metals, stocks, and more. Enjoy competitive trading conditions with tight floating spreads starting from 0.7 pips. Benefit from lightning-fast order execution in as little as 0.01 seconds.
- Forex Exotic
- Forex
- Metals
- Indices
- Stocks
- Energies
FBS Forex broker review
Trade the most popular currency pairs like EURUSD, GBPUSD, and USDJPY 24/5 with flexible leverage up to 1:3000. Start with a low FBS broker minimum deposit of just $5 and enjoy large order volumes from 0.01 to 500 lots.
Forex Exotic
FBS offers a wide range of forex instruments, including popular and exotic pairs. All Forex Exotics are available on MetaTrader 5, while MetaTrader 4 has a limited selection such as USDSGD, EURTRY, USDCNH, CNHJPY, EURCNH, USDMXN, USDTRY, USDZAR, and USDBRL.
Check the spreads for pairs like USD/ZAR, USD/MXN, and USD/TRY to find the best options. Choose your preferred exotic pairs and start trading with FBS.
Metals
Discover the potential of gold and silver CFDs and invest in a globally recognized asset class. The various metals available in FBS are Palladium, Platinum, Silver/Euro, Silver, Gold/AUD, Gold/Euro, Gold/Pound Sterling, and Gold Spot.
Indices
Benefit from advanced tools, competitive spreads, and expert insights to excel in index trading. FBS offers a wide range of indices for trading, including popular options like the DAX 30, Euro Stoxx 50, CAC40, Australia200, Spain 35, DE30, Hang Seng, Nikkei 225, FTSE100, NASDAQ 100, Dow Jones, and S&P 500.
Stocks
FBS offers a wide variety of stocks for trading, including options from major and minor markets worldwide. You can benefit from negative balance protection when trading these stocks on the FBS platform. The available stocks are Foot Locker Inc., FORD, General Motors, and more.
Energies
Profit from competitive conditions on energy instruments like Brent Crude Oil, Natural Gas, and WTI Crude Oil.
Deposits and withdrawals of FBS broker
FBS offers a variety of convenient and secure methods for depositing and withdrawing funds from your trading account. FBS provides a variety of secure and convenient options for depositing and withdrawing funds.
Choose from over 200+ payment methods, including credit/debit cards, bank wire transfers, e-wallets, and cryptocurrencies. Enjoy unlimited transactions after full verification, low commission rates, and instant automated withdrawals.
The deposit and withdrawal commission, processing time, and its limits are given below.
| Deposit/ withdrawal methods | Deposit commission | Deposit processing time | Deposit limits | Withdrawal commission | Withdrawal processing time | Withdrawal limits |
|---|---|---|---|---|---|---|
| Skrill | 0% | Instant | From 12 to 500000 USD | 1-2% + 0.29 EUR | 15-20 min (max 48h) | 10 to 50000 USD |
| Neteller | 0% | Instant | From 10 to 100000 USD | 2% (1- 30 USD) | 5-7 min (max 48 hours) | 4 to 25000 USD |
| Stic pay | 0% | Instant | From 5 USD | 0% | 15-20 min (max 48h) | 3 to 50000 USD |
| Perfect Money | 0.5-1.9% | Instant | 5 to 999999 USD | 0.50% | 15-20min (max 48h) | 1 to 300000 USD |
| Bit wallet | 0% | Instant | From 3 USD | Not specified | 15-20min (max 48h) | 1 USD |
| Visa Card | 0% | Instant | From 3 to 999999 USD | 1 EUR | 15-20min (max 7 business days) | 2 to 30000 EUR |
Please note that specific fees, processing times, and limits may vary depending on the chosen method and your region.
Fees and commissions of FBS broker
The various fees and commissions of FBS brokers are given below.
- Low spreads: Starting from 0.7 pips.
- Commissions: No commissions charged on trades.
- Leverage: Min 1:30, Max of 1:500.
- Islamic accounts: May incur a weekly commission on long-term forex exotic positions.
- Commodities: No commission, narrow spread, and leverage of 1:200.
- Inactivity fees: FBS does not charge inactivity fees.
- Deposit fees: There is no deposit charged for most payment methods.
- Withdrawal fees: FBS itself charges withdrawal fees, but your payment provider might. Additionally, currency conversion fees may apply for international transfers or withdrawals in different currencies.
FBS customer support
FBS offers comprehensive customer support to assist traders with their inquiries and concerns. Customer support is available 24/7 through live chat, e-mail, and phone.
- E-mail: [email protected]
- Phone: +357 22 010970, +501 611 0594
- Live chat: Get immediate help 24/7
- Call-back request: If you prefer to be contacted by a support representative, you can request a call-back.
By utilizing these methods, you can easily reach out to FBS customer support and get the assistance you need.
Conclusion
Is FBS a good broker? Yes, FBS is a reputable broker that offers a comprehensive trading experience. Its diverse range of instruments, competitive pricing, and reliable customer support make it a suitable choice for traders of all levels.
However, it is essential to conduct thorough research and consider your individual trading needs before opening an account. Don’t hesitate to leverage FBS’s advanced technical analysis tools to support your trading decisions.
Disclaimer: CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 69.21% of retail investor accounts lose money when trading CFDs with this provider. You should carefully consider whether you understand how CFDs work and whether you can afford to risk losing money.
Pro Tip
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