FBS Review View Pros and Cons ️ Updated 2023

There should be 20 active trading days; you can miss no more than 5 trading days in general; you should have at least 5 lots traded. Please contact us via Live Chat if you need any clarification on bonus conditions. So I used level up bonus of 140$ therefore I earned 83$ profit. So I tried to withdraw that profit and they told me I should deposit first. Hence they said it’s a no deposit bonus but I have to deposit before I can withdraw that bonus. Whilst the education feature is not compulsory, and it is a fantastic way to get some insight into what brokers are prepared to offer to new traders.

• Once you put a minimum deposit on FBS, you will be able to use any of these two trading platforms for your trading endeavors.
• It is one of the most functional trading platforms currently available and comes complete with a number of distinctive features.
• In June of 2015 the EU released its 4th Anti-Money Laundering Directive which represents the most stringent AML legislation across Europe.
• We ranked FBS’ fee levels as low, average or high based on how they compare to those of all reviewed brokers.

We aim to offer readers a trusted, useful, and professional source of education about the best forex brokers in this market as well as other forex-related topics. After thisFBS review, we can say that it is reliable and definitely worth considering for new and experienced traders alike. They offers a wide range of features and tools, making https://forex-review.net/ it easy to get started. Deposits are usually prompt, and the support team is responsive, so you can always count on them when needed. FBS does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. Traders with live accounts can request FBS to set the demo account to non-expiry.

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The users may be requested to submit government-issued ID proof documents for withdrawing traders funds of substantial amounts. The trading platform of FBS offers spreads that vary according to the regional boundary of the user and their trading account type. For the EUR USD pairing, the user is provided with a fixed spread of 3.0 pips for the Micro Account, 0.0 pips for the ECN and Zero FBS Accounts, and 1.1 pips for the Standard and Cent Accounts. Is still a relatively new form of currency, and as such, there are many different types of cryptos out there. While many forex brokers may offer relatively fewer cryptocurrencies, FBS offers all the top cryptocurrencies for trading.

The FBS mobile trading platform is user-friendly and well-designed. FBS has its own mobile trading platform, called FBS Trader. We ranked FBS’ fee levels as low, average or high based on how they compare to those of all reviewed brokers. Experienced traders can present their accounts to the public and allow copy trading of their strategies. With the online broker FBS traders have a chance in competing in various contests and trading tournaments. Prices include exclusive products such as cars, electronic devices, vacation or cash.

With this license, this broker is able to offer services to traders from numerous different countries globally. To offer services to the traders from Europe, the FBS regulation of CySEC is very important. CySEC is one of the best-known regulatory bodies around the world. It stands for the Cyprus Securities and Exchange Commission and is the main financial regulator of Cyprus.

Trading Platforms Available at FBS

New traders may find the Daily Trading Plans to be useful, especially if they don’t have their own trading strategy developed yet. It would be nice to see FBS expand their current approach and make better use of technology in order to allow traders to act on what they view. Traders get access to Forex news and have the option to filter the articles by commodities, currencies, stocks and economy.

Traders are constantly need as much help and support from brokers as possible. That’s why how a broker assist its clients is a standard to evaluate it. For non-English speakers, they have offices in Indonesia, Malaysia, Egypt, Thailand, China, Korea and Myanmar that are always ready to help customers 5 days a week. The minimum deposit required is $1000, which is pretty high, but the commission are much lower than other brokers ($6). Actually, this commission rate is just as low as that of Exness and XM, which is $5 and $6 respectively.

Although the live chat option is only available in English. A pip is the exact spread between the bid and ask prices of a currency pair in forex. A larger pip means more price movement is required in order to cover the cost of the bid-ask spread in a trade execution.

However, this might be applicable for the international entity of FBS only, as the EU regulator demands strict money transfer policy as well. FBS Instrument Score is 7 out 0f 10 for good trading instrument proposal for Currency Pairs and CFD. Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing your money rapidly. Since highest leverage involves a high risk of losing in parallel to its gaining option, which may be not the best option for very beginners as well.

MetaTrader 4 offers a variety of tools to help automate your trades. Expert Advisors, for example, are one of the most popular tools used by traders. Through the use of expert advisors and theFBS broker MT4scripting language, a trader can create their own automated trading programs to help them execute trades at specific times.

Look and feel

You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. With your account funded, you may now start trading via the FBS platform!

Also known as the foreign exchange market or FX market, Forex is the world’s most traded market. About $5.1 trillion worth of value is exchanged per day and perhaps FBS is best known for its online platform for forex markets. Quite a few other organizations also had FBS reviews and have awarded the company multiple accolades as a broker in forex and CFD trading over the years. According to their site, they also total $500 million annual profit to their clients.

With both MT4 and MT5 available, FBS’ platform support is average. For long-term strategies where a position is held open for longer than two days, FBS charges a fixed fee for the total number of days during which the order was opened. All accounts are available as swap-free accounts, except for the ECN Account. Changing account status to Swap-free is available in the account settings only for the citizens of countries where one of the official religions is Islam. Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

I like how a beginner is fully supported with unlimited demo accounts and a selection of comprehensive training resources. With as little as $1, live trading can commence on the provided platforms. Spreads are low, starting from 0 pips and with ECN technology, your trades are executed in seconds with minimal slippage.

Additionally, FBS offers excellent educational and market analysis materials, and exceptionally, its customer support is available 24/7. There are six account types based on our broker FBS review. A user can open many account types and can even deposit differing amounts per account type. Because there are different types of accounts that a user can access, it’s recommended that users first try the demo version of the account they want to try.

Broker FBS Leverage

Both platforms can be used with desktop computers or as a browser-based webtrader. Mobile trading is available for all common Android and iOS devices. In our FBS Forex broker review, we found that dealing with FBS can be considered to be safe and secure. Overall, the company goes a long way to ensure transparency and the safety of its clients’ money. They have already won tons of awards, have clients in over 120 countries throughout the world and have established a sound customer base that currently exceeds 5 million traders. It’s true that FBS is regulated by two top-tier authorities and directs its Malaysian clients to its Belize-based entity.

They have plenty of reason and will try to delay when you seek for explanation. We found a well designed Forex Calculator right from the website, Economic Calendar to track the news and a currency converter for easy calculations. Moreover, in case you will be trading with the international entity of FBS you will be offered also to use the upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading, which is great opportunity for FBS to select too.

FBS Fees are ranked good with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Overal fees are good, some deposits and withdrawals are free of charge, but it worth to check conditions under which entityt you operate alike the available methods too. FBS is a popular Forex Broker and CFD trading platform founded back in 2009 by investors interested in trading research and technical analysis. At present, FBS is an international brand and has a presence in over 150 countries worldwide.

Traders Reviews

Advanced technical indicators and tools for predicting reliable trading conditions despite the risks involved. They will make the opening of the account and deposit very easy for you but when you want to withdraw this will be real painful process. Transactions at FBS only take from half to an hour to complete through banks, while other brokers can waste you hours or even days. Now, let’s have an FBS review based on the standards mentioned above. Also, I will compare some aspects of this broker to the top brokers such as Exness or XM. When a withdrawal is accepted , it means that fund was already transferred by FBS .You may directly contact to the exchanger with FBS account number and withdrawal transaction number.

FBS clients are welcome to use the popular MT4 trading platform or can select its younger brother, MT5. Both trading platforms are available for all six account fbs forex review types. Under its trading tools section, FBS lists an Economic Calendar, a Trading Calculator, and a Currency Converter, which are all fairly standard.