FBS Review 2024

Introduction

FBS is a prominent forex and CFD broker established in 2009. Headquartered in Belize, FBS has grown significantly, expanding its services globally and earning a reputation for reliability and comprehensive trading solutions. FBS offers a broad range of financial instruments and emphasizes delivering high-quality trading services, making it a preferred choice for traders worldwide.

Expert Analysis

FBS excels in the competitive online brokerage landscape with its extensive range of trading services and a strong focus on client satisfaction and transparency. Our thorough analysis of FBS’s offerings reveals a broker committed to providing an efficient and secure trading environment.

FBS operates under the regulation of several top-tier authorities, including the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures a high level of trust and safety for traders’ funds.

The broker offers a diverse array of trading instruments, covering forex, indices, commodities, and cryptocurrencies. This variety enables traders to diversify their portfolios and explore multiple market opportunities. FBS’s trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are renowned for their reliability, advanced features, and ease of use.

FBS also places a strong emphasis on client education, providing numerous resources such as webinars, tutorials, and market analysis. These resources are designed to enhance traders’ knowledge and skills, helping them navigate the financial markets more effectively.

The Pros and Cons

Pros

✔️ Highly regulated by CySEC
✔️ Competitive spreads and low trading fees
✔️ Advanced and user-friendly trading platforms
✔️ Comprehensive educational resources
✔️ Efficient customer support

Cons

❌ Limited range of stock CFDs
❌ No proprietary trading platform

Is FBS Right for You?

FBS caters to a wide range of clients, from novice traders to seasoned professionals. With low minimum deposit requirements, extensive educational materials, and competitive trading conditions, FBS is ideal for new traders. Experienced traders will appreciate the advanced trading tools, tight spreads, and high execution speed offered by FBS.

What Sets FBS Apart?

Several factors distinguish FBS from other brokers:

• Strong Regulatory Framework: FBS is regulated by CySEC and IFSC, ensuring high standards of safety and compliance.
• Low-Cost Trading: The broker offers competitive spreads and minimal fees, making trading more cost-effective.
• Advanced Trading Platforms: With MT4 and MT5, traders have access to industry-leading platforms that support sophisticated trading strategies.
• Extensive Educational Resources: FBS provides a wealth of educational materials to support traders in their journey.
• Reliable Customer Support: FBS offers efficient and responsive support services, available in multiple languages.

Main Features

Trust and Safety

FBS maintains a high level of trust and safety, supported by robust regulatory oversight and strong client fund protection measures. The broker adheres to strict regulatory standards, ensuring that client funds are held in segregated accounts and protected against potential insolvency.

Regulation

FBS operates under several regulatory bodies, including:

• Cyprus Securities and Exchange Commission (CySEC), license number 331/17 (Tier-1 regulator)
• International Financial Services Commission (IFSC), license number IFSC/60/230/TS/19 (Tier-2 regulator)

Is FBS Safe to Trade With?

FBS operates under stringent regulatory frameworks, providing a secure trading environment. The broker segregates client funds from operational funds and offers negative balance protection, ensuring that traders cannot lose more than their account balance.

To summarize, FBS is considered moderately trustworthy and stable due to the following factors:

• Over 10 years of operating history
• Multi-asset broker
• All entities segregate client funds
• All entities offer negative balance protection
• Regulation by a top-tier authority (CySEC) and an offshore authority (IFSC)

Commission and Fees

FBS offers a transparent and competitive commission and fee structure. The broker primarily operates on a spread-based model, where traders pay the difference between the bid and ask prices. Additionally, FBS offers different account types, each with varying spreads and commissions to cater to different trading strategies and preferences.

Commission and Fees Overview

• Spread-Based Trading: Competitive spreads with no additional commission on most trades.
• Variable Spreads: Spreads may widen during high market volatility or specific conditions.
• Swap Rates: Overnight positions incur swap rates, which vary by currency pair and direction of the trade.
• Account Types: FBS provides different account types, including Cent, Standard, and ECN, each with specific trading conditions and fee structures.
• Transparency: Detailed fee information is provided on the FBS website, ensuring traders are well-informed.

Deposit & Withdrawal Options

FBS offers a diverse range of deposit and withdrawal options to cater to its global clientele. Traders can fund their accounts and withdraw profits using various methods, including bank transfers, credit/debit cards, and electronic payment systems. These options provide flexibility and convenience, allowing traders to choose the method that best suits their preferences and location.

Bank Transfers: FBS supports both local and international bank transfers, enabling traders to deposit and withdraw funds directly from their bank accounts. While bank transfers may take longer to process compared to other methods, they are a reliable option for larger transactions and international transfers.

Credit/Debit Cards: Traders can use major credit and debit cards, such as Visa and Mastercard, to fund their FBS accounts instantly. This option is convenient for smaller deposits and provides quick access to trading funds.

Electronic Payment Systems: FBS supports various electronic payment systems, including Skrill, Neteller, and UnionPay. These e-payment options offer instant deposits and withdrawals, making them ideal for traders who prioritize speed and efficiency.

Cryptocurrency Deposits: Additionally, FBS accepts cryptocurrency deposits, allowing traders to fund their accounts using popular cryptocurrencies like Bitcoin and Ethereum. This option appeals to traders who prefer the security and anonymity of blockchain transactions.

Low Fees and Fast Processing: FBS aims to provide cost-effective deposit and withdrawal solutions, with minimal fees and fast processing times. However, traders should review the specific fees and processing times associated with each payment method, as they may vary depending on the chosen option and the trader’s location.

In summary, FBS’s wide range of deposit and withdrawal options, coupled with its commitment to low fees and fast processing times, ensures a seamless and convenient experience for traders worldwide.

Tradable Instruments

FBS offers a diverse range of tradable instruments across multiple asset classes to meet the needs of traders with varying strategies and preferences. These include:

Forex (FX) Pairs: Traders can access a wide range of major, minor, and exotic currency pairs, allowing participation in the global forex market with competitive spreads and fast execution.

Commodities: FBS provides a selection of popular commodities such as gold, silver, crude oil, natural gas, and other metals and energies. This allows traders to diversify their portfolios and hedge against inflation or geopolitical risks.

Indices: Trading is available on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225. This enables speculation on the performance of global equity markets.

Shares (Stocks): Traders can access a broad range of individual stocks from leading companies listed on major stock exchanges. This allows them to trade shares of companies they are familiar with or believe have growth potential.

Cryptocurrencies: Popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are available for trading, providing exposure to the emerging asset class of digital currencies.

Bonds: FBS offers trading in government and corporate bonds, allowing traders to invest in fixed-income securities and diversify their portfolios with relatively low-risk assets.

Futures: Traders can access futures contracts on various underlying assets, including commodities, indices, and currencies. This provides opportunities for speculative trading and hedging against future price movements.

Contracts for Difference (CFDs): FBS also offers CFDs across all the aforementioned asset classes. This enables traders to speculate on price movements without owning the underlying assets.

Overall, FBS provides a comprehensive selection of tradable instruments, catering to the diverse needs and preferences of traders across different markets and asset classes.

What are CFDs?

A Contract for Difference (CFD) is a financial derivative product that allows traders to speculate on the price movements of various underlying assets, such as stocks, indices, commodities, and currencies, without owning the actual assets. CFDs enable traders to profit from both rising and falling markets by entering into contracts that reflect the price changes of the underlying assets.

What Can You Trade with FBS?

Account Types

FBS offers a variety of account types designed to cater to different trading needs and experience levels. Each account type comes with its own features and benefits, allowing traders to choose the one that best suits their trading style and goals.

Cent Account

• Minimum Deposit: $1
• Spreads: From 1 pip
• Leverage: Up to 1:1000
• Commission: None
• Ideal For: Beginners looking to practice trading with real money but with minimal risk.

Micro Account

• Minimum Deposit: $5
• Spreads: Fixed, from 3 pips
• Leverage: Up to 1:3000
• Commission: None
• Ideal For: Traders who prefer fixed spreads and want to calculate their costs more precisely.

Standard Account

• Minimum Deposit: $100
• Spreads: From 0.5 pips
• Leverage: Up to 1:3000
• Commission: None
• Ideal For: Experienced traders looking for competitive spreads without any commission fees.

Zero Spread Account

• Minimum Deposit: $500
• Spreads: Fixed at 0 pips
• Leverage: Up to 1:3000
• Commission: $20 per lot
• Ideal For: Traders who need precision in their trades and prefer no spreads.

ECN Account

• Minimum Deposit: $1000
• Spreads: From -1 pips
• Leverage: Up to 1:500
• Commission: $6 per lot
• Ideal For: Professional traders who want direct access to the interbank market with ultra-tight spreads.

Crypto Account

• Minimum Deposit: $1
• Spreads: From 1 pip
• Leverage: Up to 1:5
• Commission: 0.05% per side
• Ideal For: Traders interested in trading cryptocurrency pairs with competitive conditions.

Islamic Account

• Swap-Free: Yes
• Leverage: Up to 1:3000
• Commission: Varies depending on the account type
• Ideal For: Traders who follow Sharia law, as this account type does not incur swap or rollover interest on overnight positions.

These account types ensure that FBS can accommodate a wide range of traders, from beginners to professionals, offering options that fit different trading strategies and requirements.

For beginners, the Cent Account requires a minimum deposit of just $1, offering spreads from 1 pip and leverage up to 1:1000, making it ideal for those looking to start trading with minimal risk. The Micro Account, with a minimum deposit of $5 and fixed spreads starting from 3 pips, caters to traders who prefer more predictable trading costs. Experienced traders may opt for the Standard Account, featuring competitive spreads from 0.5 pips and leverage up to 1:3000, without any commission fees. For traders seeking precision, the Zero Spread Account provides fixed spreads at 0 pips with a commission of $20 per lot, while the ECN Account offers access to the interbank market with spreads from -1 pip and a commission of $6 per lot, suitable for professional traders. Additionally, FBS provides a Crypto Account for trading cryptocurrency pairs with competitive conditions and an Islamic Account that is swap-free for traders adhering to Sharia law, ensuring inclusivity across diverse trading preferences and requirements.

Registration and Account Opening

Opening an account with FBS is a straightforward process that can be completed in a few simple steps. Here’s how to get started:

1. Registration: Visit the FBS website and click on the “Open Account” button. You will be directed to the registration page, where you need to provide your personal information, such as your name, email address, and phone number. You will also need to create a password for your account.
2. Verification: After completing the registration form, you will need to verify your email address by clicking on the verification link sent to your inbox. Once your email is verified, you will be asked to provide additional information, including your date of birth, country of residence, and proof of identity and address. This is part of the Know Your Customer (KYC) process required by regulatory authorities.
3. Account Selection: FBS offers different account types to cater to the needs of various traders. Choose the account type that best suits your trading style and preferences. The available account types include Cent, Standard, Micro, Zero Spread, and ECN accounts. Each account type has its own features, minimum deposit requirements, and trading conditions.
4. Funding Your Account: Once your account is verified and activated, you can proceed to fund it. FBS offers a variety of deposit methods, including bank transfers, credit/debit cards, and electronic payment systems. Choose your preferred deposit method, enter the required details, and transfer the funds to your trading account.
5. Start Trading: After funding your account, you are ready to start trading. Download and install the MetaTrader platform (MT4 or MT5) on your computer or mobile device, or use the WebTrader platform to trade directly from your web browser. Log in to your trading account using your credentials, and you can begin exploring the financial markets and executing trades.

Restricted Countries

Trading Platforms

FBS provides its clients with access to the most popular and advanced trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their robust features, user-friendly interfaces, and extensive tools for technical analysis and automated trading.

MetaTrader 4 (MT4): MT4 is a widely used trading platform that offers a range of features designed to enhance the trading experience. It supports various order types, customizable charts, and a vast array of technical indicators. MT4 is particularly popular for its Expert Advisors (EAs), which enable automated trading strategies. Traders can also use the MetaTrader Market to access additional tools, indicators, and trading robots.

MetaTrader 5 (MT5): MT5 is the successor to MT4, offering enhanced features and improved functionality. It includes additional order types, more advanced charting tools, and an expanded range of timeframes. MT5 also supports trading in a broader range of financial instruments, including stocks and futures. The platform is designed to provide a more comprehensive trading experience, making it suitable for traders who require advanced tools and features.

Mobile Trading: FBS offers mobile versions of MT4 and MT5, allowing traders to access their accounts and trade on the go. The mobile apps are available for both iOS and Android devices and offer a range of features, including real-time quotes, interactive charts, and order management. This ensures that traders can stay connected to the markets and manage their positions from anywhere.

WebTrader: For traders who prefer to trade directly from their web browser, FBS provides the WebTrader platform. This platform offers the same features and functionality as the desktop versions of MT4 and MT5, but without the need to download or install any software. WebTrader is compatible with all major web browsers and provides a convenient and secure trading environment.

Trading Tools and Features: FBS’s trading platforms come equipped with a range of tools and features to enhance the trading experience. These include technical analysis tools, customizable charts, one-click trading, and a variety of order types. Traders can also access historical data, use automated trading strategies, and receive real-time market news and updates.

FBS’s trading platforms, including MT4 and MT5, provide traders with a powerful and versatile trading environment. Whether trading from a desktop, mobile device, or web browser, clients have access to advanced tools and features designed to enhance their trading experience and help them achieve their financial goals.

Key Aspects of the Platform

FBS’s trading platform is designed to cater to both novice and experienced traders by offering a blend of powerful tools, user-friendly interfaces, and flexibility. Below are the key aspects of FBS’s platform:

Advanced Trading Platforms:

• MetaTrader 4 (MT4): Known for its robust trading features, including custom indicators, Expert Advisors (EAs) for automated trading, and extensive charting tools.
• MetaTrader 5 (MT5): Offers additional features over MT4, such as more timeframes, advanced order types, and an integrated economic calendar.

Mobile and Web Trading:

• Mobile Apps: Available for both iOS and Android, allowing traders to manage their accounts and trade on the go with real-time quotes, charting, and trading tools.
• WebTrader: Enables traders to access their accounts from any web browser without the need for software installation, maintaining the same features as the desktop versions of MT4 and MT5.

Customizable Interface:

• Charting Tools: Offers a wide array of chart types, timeframes, and analytical tools to customize trading strategies.
• Personalized Layouts: Users can save their preferred layout configurations for a more personalized trading experience.

Automated Trading:

• Expert Advisors (EAs): Allows automated trading based on pre-set strategies, which can be customized or purchased from the MetaTrader Market.
• VPS Hosting: FBS offers Virtual Private Server (VPS) services to ensure uninterrupted automated trading, even when the user’s device is offline.

Research and Education

FBS places a strong emphasis on trader education and market research, providing various resources to help traders make informed decisions.

Research

• Daily Market Analysis: Expert analysis and insights on market trends, key economic events, and potential trading opportunities.
• Economic Calendar: An integrated tool that provides information on upcoming economic events, their expected impact, and historical data.
• News Feed: Real-time news updates from reputable financial sources, directly integrated into the trading platform.

Education

• Webinars: Regularly scheduled webinars covering a range of topics from trading basics to advanced strategies, hosted by market experts.
• Video Tutorials: A series of instructional videos designed to help traders understand platform functionalities, trading strategies, and market analysis techniques.
• Articles and E-books: Comprehensive written materials covering fundamental and technical analysis, risk management, and trading psychology.

FAQs

What is the minimum deposit required to start trading with FBS?
The minimum deposit varies depending on the account type, starting from as low as $1 for the Cent account.

What types of accounts does FBS offer?
FBS offers several account types including Cent, Standard, Micro, Zero Spread, and ECN accounts, each with different features and minimum deposit requirements.

Is FBS regulated?
Yes, FBS is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) of Belize.

How can I deposit and withdraw funds from my FBS account?
FBS supports various payment methods, including bank transfers, credit/debit cards, and electronic payment systems like Skrill, Neteller, and UnionPay.

Does FBS offer demo accounts?
Yes, FBS provides demo accounts for traders to practice and familiarize themselves with the platform before trading with real money.

What trading instruments are available on FBS?
FBS offers a wide range of instruments including forex pairs, indices, commodities, cryptocurrencies, shares, bonds, and CFDs.

Customer Support

FBS prioritizes customer satisfaction by offering comprehensive support services to assist traders with their inquiries, technical issues, and account-related queries. The broker provides various communication channels to ensure that traders can access assistance in their preferred method.

Live Chat: FBS offers live chat support, allowing traders to connect with customer support representatives in real-time. Accessible through the FBS website and trading platforms, the live chat feature provides prompt responses to questions and concerns, facilitating efficient issue resolution.

Email Support: Traders can reach out to FBS customer support via email. The broker provides dedicated email addresses for different types of inquiries, including technical support, account verification, and general inquiries. The email support team aims to respond promptly and provide detailed assistance to traders’ concerns.

Phone Support: FBS offers phone support during business hours, enabling traders to communicate directly with support agents. The phone numbers for FBS customer support are available on the broker’s website, allowing traders to discuss their issues or questions in detail with knowledgeable support agents.

FAQs and Knowledge Base: FBS maintains an extensive FAQ section and knowledge base on its website, covering various topics related to trading, account management, and platform features. Traders can find answers to common questions and solutions to issues by browsing through the FAQs and articles, facilitating self-help and troubleshooting.

Overall Impression

FBS demonstrates a commitment to providing excellent customer support services to its clients. With multiple channels of communication, including live chat, email, and phone support, traders can access assistance conveniently. The prompt and effective customer support contribute to enhancing the overall trading experience, fostering trust and confidence in FBS’s services.

Conclusion

FBS is a reputable and reliable broker that offers a wide range of trading services and features to cater to the diverse needs of traders. With strong regulatory oversight, competitive trading conditions, and a commitment to client satisfaction, FBS provides a secure and efficient trading environment. The broker’s extensive educational resources, advanced trading platforms, and excellent customer support further enhance the trading experience, making FBS a preferred choice for traders worldwide.

Information and Features

Trading Features

Further Information

Contact Information