FBS Broker Review: Fbs.Com Is a Trustworthy Brokerage
FBS Broker is one of the best-known brands in the forex industry, with over 23 000 000 clients and a presence in more than 150 countries on all five continents. Launched in 2009, FBS is a regulated forex broker providing financial services with a website that is available in 6 European languages and 13 Asian languages including Chinese, Japanese, Arabic, and Korean.
FBS Broker is regulated in the European Union through its Cyprus Securities and Exchange Commission’s license, and in Australia by the Australian Securities and Investments Commission. But like many other leading brokers operates an international subsidiary, based and regulated in Belize as well. That gives FBS the ability to provide its international clients with more flexibility in terms of leverage and some other benefits like trading bonuses and loyalty programs.
With that said, in this FBS review, we will give you even more reasons why you should start your trading journey with them.
|Regulation||CySEC, FSC, FSCA, ASIC|
|Trading Platforms||MT4, MT5 and FBS Trader|
|Minimum Deposit||1$ for Global and 10€ for EU|
|Broker Type||Forex & CFDs|
|Instruments Offered||Forex, stocks, indices, crypto, metals|
|Credit Card Deposit||Yes|
FBS Broker Pros and Cons
FBS Broker operates for many years and provides a stable trading environment, there are good trading conditions on MT4 and MT5, spreads are considered low based on our research and the education section is wide.
On the negative side, trading instruments are limited to forex and CFDs and trading conditions vary in each entity. That’s why we recommend signing with a European entity or Australian for better transparency.
- Many years in business
- Recognized globally with many awards
- Low spread for currency trading
- MT4 and MT5 offered
- Limited trading instruments
- Protective measures and trading conditions vary according to the entity
Is FBS Broker Regulated? Security and Regulation
As we have already mentioned, FBS Broker is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), and in Australia by the Australian Securities and Investments Commission (ASIC).
They are regulated as well as in the Republic of South Africa by the Financial Sector Conduct Authority (FSCA) and in Belize by the International Financial Services Commission (IFSC).
These licenses enable the broker to service clients throughout the European Union and around the globe with the exception of a few countries namely Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel, and the Islamic Republic of Iran.
It’s important to note that for the years of its quite successful operation, FBS received over 60 international awards that recognize them as a transparent broker with the best customer service, which is actually some of the most rewarded Brands worldwide.
What are Available Accounts at FBS Broker?
Clients can choose from six types of live trading accounts at FBS. Significantly all the trading accounts use market order execution with straight-through processing (STP) within the non-dealing desk.
On top of that, we saw that 95% of orders are executed within 0.4 seconds because of the high-speed execution guaranteed to clients by FBS. It’s worth noting that all live trading accounts except for the ECN account, support free funds insurance and swap-free trading.
- FBS cents account
Specially designed for those clients just starting out in forex trading, the FBS cents account requires an initial deposit of 1$.
- FBS micro account
With a 5$ initial deposit, clients can open an FBS micro account, supporting financial trading in 35 currency pairs, CFDs, cryptocurrencies, and metals.
- FBS standard account
To open an FBS Standard account requires an initial deposit of 100$.
- FBS zero spreads account
For traders seeking STP market execution trading at incredibly high speeds (from 0.3 seconds), the FBS zero spread account provides the way with the required deposit of 500$.
- FBS unlimited account
Set up an FBS unlimited account with STP market execution, requires an initial deposit of 500$.
- FBS ECN account
With a minimum first deposit of 1,000$, clients can open an ECN account in USD only, with access to 25 currency pairs.
- Demo account
FBS Broker Trading Platform Overview
Traders at FBS Broker can choose from a wide range of Meta Trader forex platforms for both Mac and Windows-powered computers. Whilst traders need to download the MT software to their desktop, access to trading accounts is also available through the MT4 or MT5 WebTrader, with the same password.
Additionally, trading on the move, using smartphones and tablets is possible through the free MT mobile apps for Android and iOS. The FBS Meta Trader platforms offer high leverage and market execution, trading without re-quotes or deviations.
Conveniently, the Meta Trader provides built-in multi-lingual support and simple one-click trading. Moreover, both MT4 and MT5 offer demo accounts with access to an authentically replicated trading environment for risk-free practice trading with virtual money.
They also offer their in-house trading software. FBS Trader is an all-in-one trading platform app available at FBS to all account types. It is as powerful as MetaTrader platforms but much simpler and easier to use.
The app is available both for iOS and Android devices for clients from countries under IFSC and FSCA regulations. Clients from the EU and the UK are offered to use the Android app version, iOS one will be coming soon.
FBS Broker Trading Instruments
As for the trading instruments selection, we found good conditions for trading on Forex, and Metals while all connected by split-second execution through the STP model.
Here are available trading instruments:
- Forex exotic
Deposits and Withdrawals Methods
The deposit and the withdrawal of money are easy as the registration with FBS Broker. The broker offers different payment methods to do your transactions.
You can use bank cards or electronic wallets. First of all, we recommend verifying your full identity with FBS before you deposit and start trading with real money. In the dashboard, you will see the instructions. It is very important because the broker only withdraws to verified accounts.
Available deposit and withdrawal methods:
- Credit cards
- Perfect Money
- Bank wire
And as for withdrawal time, it’s stated that it can take a maximum time of 48 hours. But we have also found a lot of user reviews stating that the withdrawal process takes less than 48 hours.
Trading Education at FBS Broker
FBS Broker education is good since there are numerous educational materials and programs organized by FBS that are designed to enhance trading capabilities, recognizing the importance of good knowledge in market trading.
Apart from the research tools that the MetaTrader platform is packed with you may access additional information that FBS provides.
We found a well-designed Forex Calculator right from the website, Economic Calendar to track the news, and a currency converter for easy calculations.
In addition, FBS provides in-house designed daily market analysis and runs Forex TV, where all news and the freshest updates stream right to the platform. They are definitely a good point for trading knowledge.
The last point of this FBS review is the support and service for traders. FBS offers phone, email, and chat support for each client. The support is in multi-languages and is available 24/7 a week. In addition, every trader gets personal support through an account manager who can help you by frequently asking questions.
Also, we had a closer look at the service for traders. FBS is very present in the Asian region. There are events and coaching for new traders. Furthermore, the best traders win prizes and get a big bonus. Webinars and coachings are available on the platform for beginners or advanced traders. It’s safe to say that FBS is one of the brokers with the best personal service for its clients.
FBS Broker Overall Summary
FBS is an award-winning broker with an immaculate reputation and global presence, which offers top trading conditions on three powerful platforms, MetaTrader4 and MetaTarder5, and FBS Trader.
On top of that with their international subsidiary, FBS offers leverage as high as 1:3000, a generous cashback program, and various trading bonuses and contests. That is yet another reason to choose FBS as your trading partner.
Also, the range of account types, platforms with advanced tools, and convenient customer support enable good trading conditions. And while the trading costs are low for forex instruments, the FBS Markets execution model as an STP broker is doing a good job on provided platforms too.
FAQs About FBS Broker Broker
Does FBS Broker Offer Live Chat?
They absolutely do. The live chat is available for clients all over the world 24/7.
Is the Broker at FBS Broker Trustworthy?
They absolutely are. They are multi-awarded and regulated and licensed brokerage.
How Long Does It Take to Withdraw from FBS Broker?
It has been stated it takes 48 hours but clients say it takes less than that.
What Trading Platform Does FBS Broker Use?
They offer MetaTarder5 and MetaTarder4 and as well FBS Trader platform.
Does FBS Broker Have a Mobile Application?
They absolutely do.They have it available for all of their trading platforms.