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FBS

Belize|5-10 years|
Market Making(MM)|MT4 Full License|Global Business|

http://fbs.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

FBS-Real-10

United Kingdom
MT4
69

Influence

AA

Influence index NO.1

Brazil 8.09

MT4/5 Identification

MT4/5 Identification

Full License

69
Server Name
FBS-Real-10 MT4
Server Location United Kingdom

Influence

Influence

AA

Influence index NO.1

Brazil 8.09

Surpassed 11.61% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 22 010970
support@fbs.com
http://fbs.com/
21, Vasili Michallidi, 3026 Limassol, Cyprus
  • 100% Mediation in the complaints

    Response of EMC during7working days

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 22 010970

English

+501 611 0594

Broker Information

More

Company Name

FBS

Company Abbreviation

FBS

Platform registered country and region

Belize

Company website
Twitter
Facebook
Instagram
YouTube

Company Summary

Pyramid scheme complaint

Expose

FBS Basic Information
Registered Country/Region Cyprus
Founded in 2009
Regulatory Authority ASIC, CySEC, FSC (Offshore)
Tradable Assets Forex, CFDs, Stocks, Cryptocurrencies, Metals, Energies
Account Types Cent, Micro, Standard, Zero Spread, ECN, Crypto
Demo Account Yes
Minimum Deposit $1
Maximum Leverage 1:30 (retail), 1:500 (professional)
Spreads From 0.0 pips
Trading Platforms MetaTrader 4, MetaTrader 5, FBS Trader (proprietary)
Deposit/Withdrawal Methods Credit/debit cards, Bank wire transfer, Electronic wallets
Educational Tools Articles, Video Tutorials, Webinars, Courses, Glossary
Customer Support 24/7 Live Chat, Phone, Email, Telegram, Viber, WhatsApp

Overview of FBS

FBS is a forex and CFD broker established in 2009. With its headquarters situated in Cyprus, the company maintains a global presence through offices in various countries such as China, Indonesia, Malaysia, and Thailand.

Catering to a diverse clientele, FBS offers an array of account types suitable for traders of varying experience levels and preferences. Whether you're a novice or a seasoned trader, FBS provides tailored account options to align with your requirements. The broker boasts an extensive selection of trading instruments encompassing over 40 currency pairs, precious metals, CFDs on stocks, and cryptocurrencies.

FBS equips its clients with the widely acclaimed MetaTrader 4 and MetaTrader 5 trading platforms, recognized as industry benchmarks. These platforms are accessible across desktop, web, and mobile devices, empowering traders to manage their accounts and execute trades on the move. Additionally, FBS introduces its proprietary mobile trading app, FBS Trader, catering to both iOS and Android users.

Ensuring top-notch client assistance, FBS is committed to delivering round-the-clock multilingual support via phone, email, and live chat. Complementing its support system, the broker extends an array of educational resources encompassing trading courses, video tutorials, webinars, and market analysis.

FBS' homepage

Is FBS Legit?

FBS is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under regulatory license number: 426359, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus under regulatory license number:331/17.

Regulated by ASIC
Regulated by CSEC

This FBS is operated by FBS Markets Inc., and it is authorized and offshore regulated by the Financial Services Commission (FSC) in Belize under regulatory license number: IFSC/60/230/TS/17.

Qffshore regulated by FSC

Market Intruments

FBS offers a wide range of trading instruments, including Forex currency pairs, stocks, commodities, indices, and cryptocurrencies. Forex traders can access a total of 40 currency pairs, including major, minor, and exotic pairs.

In addition to currency pairs, traders can also access CFDs on various global stocks such as Amazon, Apple, and Facebook, as well as commodities like gold, silver, and oil. Furthermore, FBS offers CFDs on several popular indices, including the S&P 500, NASDAQ, and the FTSE 100. Finally, traders can also access cryptocurrency CFDs on Bitcoin, Ethereum, Litecoin, and Ripple.

Market Intruments

Account Types

FBS offers a range of account types to cater to the different needs and trading styles of its clients.

The Standard account is the most popular choice, offering competitive spreads and no commission fees. It's ideal for both new and experienced traders who want to trade with a relatively low initial deposit and enjoy the benefits of FBS's trading conditions.

For those who prefer to trade with smaller amounts, the Cent account is a good option. It allows traders to trade with cents instead of dollars, so they can better manage their risks and test different trading strategies. The Cent account has the same features as the Standard account, but with smaller contract sizes.

FBS also offers a Pro account, which allows traders to trade with cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. This account type is suitable for those who want to take advantage of the volatility of the cryptocurrency market and speculate on their price movements.

Each account type has its pros and cons. The Standard account offers more trading instruments and requires a higher minimum deposit, but it has competitive spreads and no commission fees. The Cent account is ideal for those who want to start trading in smaller amounts, but it has wider spreads and fewer trading instruments. The Crypto account has a lower minimum deposit yet wider spreads.

Account Types

Demo Trading

FBS provides demo trading accounts, enabling traders to refine their skills and acquaint themselves with the broker's trading platforms without financial risk. These demo accounts are complimentary and feature virtual funds, allowing users to replicate actual market conditions.

A key benefit of FBS's demo trading accounts lies in their ability to offer insight into the broker's trading conditions and execution speeds. They also facilitate the testing of various trading strategies and techniques. This feature proves particularly advantageous for novice traders who are still mastering the intricacies of trading and desire increased self-assurance prior to committing real capital.

Furthermore, FBS's demo trading accounts offer the advantage of global accessibility, requiring only an internet connection. This convenience is especially beneficial for traders without access to a physical trading station or those who prefer the flexibility of trading on the move.

How to Open an Account?

Registering an account with FBS is a straightforward process that ensures a hassle-free start to your trading journey. Here's a step-by-step overview:

  1. Visit FBS Website: Begin by visiting the FBS website.

  2. Open an Account: Locate and click on the “Open an account” button on the website. This initiates the registration process.

  3. Provide Personal Information: You will be prompted to enter some essential personal details, including your name, address, and email. This information helps establish your identity.

  4. Financial Information: Additionally, FBS will require some financial information. You'll be asked about your trading experience and investment goals. This helps tailor your trading experience to your needs and objectives.

  5. Application Submission: Once you've completed the necessary steps and filled in the required information, submit your application. FBS will receive your application and review it meticulously.

  6. Identity Verification: FBS will verify your identity, a standard procedure to ensure the security of your account. This verification process typically takes a few business days.

  7. Funding Your Account: After your application has been successfully processed and your identity verified, you can proceed to fund your trading account. FBS offers a range of convenient deposit methods, including credit/debit cards, bank transfers, and e-wallets.

Leverage

The maximum leverage offered to retail clients with FBS is 1:30. This is in compliance with the regulations set forth by regulatory bodies like CySEC and the European Securities and Markets Authority (ESMA) to protect traders from the risks associated with high leverage.

However, professional clients with FBS have access to higher leverage up to 1:500, which can be beneficial for those who have a deeper understanding of the markets and are comfortable with taking on more risks.

It's important to have a solid understanding of leverage and risk management before engaging in high-leverage trading.

Spreads & Commissions (Trading Fees)

FBS offers a wide range of trading opportunities with their motto, “Narrow spreads – wide trading opportunities.” They provide traders with the advantage of incredibly tight spreads, starting from 0 pips.

When it comes to choosing a spread that suits their trading strategy, FBS offers flexibility. Traders can select from various spread types, including floating spreads starting from as low as 0.2 pips, fixed spreads starting from 3 pips, and even the option to trade without any spread (fixed spread of 0 pips). The choice of spread type and its associated value is determined by the specific account type a trader uses.

To enhance precision and accuracy in trading, FBS provides up to 5-digit quotes on all account types. This high level of precision is especially crucial for traders who engage in short-term orders.

Here is a table comparing the spreads on EUR/USD, Gold, and Indices by FBS, eToro, Exness, and IC Markets:

Broker EUR/USD Spread Gold Spread Indices Spread
FBS 0.5 pips From 0.3 pips From 0.3 pips
eToro 1 pip From 45 pips From 75 pips
Exness 0.1 pips From 25 cents From 0.8 pips
IC Markets 0.1 pips From 20 cents From 0.5 pips

Non-Trading Fees

Apart from trading fees, there may be other charges that traders should be aware of when using FBS. Here are some non-trading fees to consider:

  • Deposit and Withdrawal Fees: FBS offers various payment methods for deposits and withdrawals, including credit cards, e-wallets, and bank transfers. While most of these methods are free, some may incur fees depending on the payment provider and currency used.

  • Inactivity Fee: FBS charges an inactivity fee of $10 per month if the trading account has been inactive for 180 days or more. This fee is taken from the account balance and continues until the account becomes active again.

  • Conversion Fees: If a trader deposits funds in a currency different from their trading account currency, FBS may charge a conversion fee to convert the funds to the trading account currency. The conversion fee varies depending on the payment method and currency.

  • VPS Hosting Fees: FBS offers VPS hosting services for traders who want to use automated trading strategies. The fee for VPS hosting varies depending on the plan chosen and the billing cycle.

Trading Platform

FBS offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms are widely used by traders all around the world, and they offer a range of advanced tools and features to help traders analyze the markets and execute trades.

Trading Platform

MT4 is a widely-used trading platform that is known for its reliability and ease of use. It offers a range of advanced charting tools, customizable indicators, and the ability to use expert advisors (EAs) to automate trading strategies. MT4 is available in both desktop and mobile versions, making it accessible to traders on-the-go.

MT5 is an upgraded version of MT4 and offers even more advanced features and tools. It has a more advanced charting package, as well as more timeframes and order types available. MT5 also allows traders to trade on the exchange markets, in addition to Forex.

In addition to these two popular platforms, FBS also offers a proprietary trading platform called FBS Trader, which is designed for mobile trading.

The platform is available for both Android and iOS devices and offers traders access to over 50 markets, including Forex, stocks, and commodities.

Deposit & Withdrawal

FBS offers a variety of deposit and withdrawal methods, including:

As for withdrawals, there are also no fees charged by FBS, but certain payment methods may have their own fees, such as bank wire transfer. The processing time for withdrawals may vary depending on the payment method chosen, but FBS aims to process withdrawals as quickly as possible.

Deposit & Withdrawal
Deposit & Withdrawal

Customer Support

FBS offers customer support through various channels, including email: support@fbs.com, phone: +357 22 010970, +501 611 0594, live chat, and social media (Facebook, Instagram, YouTube, Telegram). Their website is also available in multiple languages, making it more accessible to traders worldwide. The broker's customer support team is available 24/7, and they have received positive reviews from traders for their quick and helpful responses.

Educational Resouces

FBS offers a range of educational resources for traders of all skill levels. These resources include:

  1. Trading courses: FBS provides free educational courses on various trading topics, including technical analysis, fundamental analysis, and risk management.

  2. Webinars: The broker regularly hosts webinars on different aspects of trading. These webinars are conducted by experts in the field and cover a wide range of topics.

  3. Video tutorials: FBS offers a collection of video tutorials that cover various aspects of trading. These tutorials are designed to help traders learn the basics of trading as well as advanced strategies.

  4. Economic calendar: FBS provides an economic calendar that includes all major economic events that can impact financial markets. This helps traders stay informed about upcoming events and make informed trading decisions.

  5. Trading tools: FBS offers a range of trading tools, including an economic news feed, a currency converter, and a trading calculator. These tools can help traders make better trading decisions.

  6. Market analysis: FBS provides daily market analysis that covers major currency pairs, commodities, and indices. The analysis includes technical and fundamental analysis as well as trading recommendations.

Educational Resouces

Conclusion

FBS is a well-established online forex and CFD broker that offers a wide range of trading instruments, account types, and educational resources. The broker is regulated by reputable authorities and provides excellent customer support services to its clients. FBS also offers various trading platforms, including the popular MetaTrader 4 and 5, as well as a proprietary mobile application, FBS Trader.

While FBS has several advantages, such as a diverse range of trading instruments and low minimum deposit requirements, it also has some drawbacks, such as higher spreads and commissions than some of its competitors, as well as some limitations on the availability of certain account types in specific regions.

FAQs

  • Question: Is FBS a regulated broker?

Answer: Yes. It is licensed by the Australia Securities & Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC), and offshore regulated by the Financial Services Commission (FSC) in Belize.

  • Question: What trading instruments are available on FBS?

Answer: Forex currency pairs, metals, energies, stocks, and cryptocurrencies.

  • Question: What is the minimum deposit required to open an account with FBS?

Answer: The minimum deposit required to open a Standard or Cent account with FBS is $1.

  • Question: What leverage does FBS offer?

  • Answer: FBS offers flexible leverage options, up to 1:500 for professional traders, 1:30 for retail clients.

  • Question: What trading platforms are available on FBS?

Answer: FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as a proprietary mobile trading app called FBS Trader.

  • Question: Does FBS offer any educational resources for traders?

Answer:Yes, FBS offers a range of educational resources, including video tutorials, webinars, e-books, market analysis, and a comprehensive FAQ section on their website.

  • Question: Is FBS a good broker for beginners?

Answer: FBS can be a good option for beginners due to its low minimum deposit requirement, flexible leverage options, and educational resources.

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WikiFX Verification

FBS · WikiFX Survey
Good A Visit to FBS in Cyprus -- Office Found
Cyprus

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Hongkong
  • 675***
  • XAUUSD
  • 05-17 18:01:37
  • Dubai
  • 703***
  • CADCHF
  • 05-17 12:00:00
  • silicon valley
  • 901***
  • EURGBP
  • 05-17 12:01:09

Stop Out

0.76%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

News

FBS revamped its mobile trading app

NewsFBS revamped its mobile trading app

2024-06-06 17:56

FBS, a leading worldwide broker, redesigned its mobile trading app. The new FBS app is intended to transform into an all-in-one trading platform. Everything is at the user's fingertips, from registration and account setup to placing and closing orders and managing finances. The upgraded application is available for Android and iOS users.

WikiFX
2024-06-06 17:56
News
FBS revamped its mobile trading app
FBS upgraded its Mobile app

NewsFBS upgraded its Mobile app

2024-04-23 19:36

FBS, a well-known regulated broker, revamped its mobile trading application, the FBS app, which is now available for both Android and iOS users.

WikiFX
2024-04-23 19:36
News
FBS upgraded its Mobile app
Join  FBS Instagram Contest & win iPhone 15 Pro Max

NewsJoin FBS Instagram Contest & win iPhone 15 Pro Max

2024-02-15 20:13

FBS is running a two-week Instagram contest to celebrate its 15th anniversary. To mark a significant milestone in FBS history, FBS is presenting the FBS 15 Anniversary Raffle, featuring iPhone 15 Pro Max as the exciting prize!

WikiFX
2024-02-15 20:13
News
Join  FBS Instagram Contest & win iPhone 15 Pro Max
FBS to stop offering services in China and India from June 13th

NewsFBS to stop offering services in China and India from June 13th

2022-10-10 15:29

FBS stops offering financial services to clients in China and India effective immediately.

WikiFX
2022-10-10 15:29
News
FBS to stop offering services in China and India from June 13th
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