Since 2009, FBS is on the ground of forex trading with reliability and steady performance. With its outstanding performance and acceptance from 13 million clients in 190 countries, FBS already pocketed around 40 global recognitions and awards.
Their galloping success already grasped acknowledgments and awards like Best Mini Forex Broker, Best Forex Broker Asia, Best Broker in South-East Asia, Best Trading Platform, and so on. Everyone in Forex trading is known for the phenomenal growth of FBS in the last years.
But, how can the forex broker avail you, as well? What are the advantages and requirements of starting trading with FBS? In this FBS review, that is what I am going to share from my earlier experiences.
What is FBS?
FBS is one of a few forex brokers that owned the trust of millions of traders. The forex broker is situated in Belize and offers online trading related to forex, CFDs, metals, and stocks.
Currently, Tradestone LTD is owned and taking care of its entire operations. The CySEC (Cyprus Securities and Exchange Commission) is regulating the brokerage house, and its listed license number is 331/17.
FBS Market Inc. is operating its web platform, registration no: 119717. On the contrary, IFSC is responsible for regulating the web platform.
Detailed Review of FBS
In this segment, you are going to explore the core facilities that FBS has to become your first forex broker. So, let’s have a keen start on that.
At A Glance
FBS is getting around 7000 traders’ and partners’ account opening requests per day. 48% of its traders depend on the platform as their prime source of income. In 2018 statistics, FBS got withdrawal requests from the clients every 20 seconds. Nearly 80% of its user base are active participates in trading.
Trader Account Type
At present, there are 5 types of account offerings available for FBS clients such as Cent, Micro, Standard, Zero Spread, and ECN account. But FBS EU clients are only eligible to get access to Standard account.
The Standard account is the perfect pair for experienced market players. On the other hand, if you are a beginner in the field, then most probably, Cent account is the best suit. For precise profit calculation, anyone can count on the Micro account.
To enhance the speed of trading, you can try the Zero Spread account also. And the last one is my favorite, the ECN account. You can get full power and access to forex trading with the ECN technologies. Let’s take a look at the opening balance of each type of account.
- Opening balance of $1 for Cent,
- Opening balance $5 for Micro
- Opening balance $100 for Standard
- Opening balance $500 for Zero
- ECN account requires $1000 of initial deposit
The most thrilling part of trading on FBS is its immersive level of leverage for the clients. You can get the chance to trade the maximum amount of credit comparably more than its competitor’s platforms. Let’s take a look at them one by one.
- Up to 1:1000 for Cent account
- Up to 1:3000 for Micro account, Standard and Zero-Spread account
- Up to 1:500 for ECN account
Basically, the spread is the contrast between the bid you are making and the asking price. It is the chief source of revenue for FBS. FBS is offering both spreads fixed and floating spreads.
- From 1 pip floating spread on Cent and ECN accounts
- From 3 pips fixed spread on Micro accounts
- From 0, 5 pip floating spread on Standard account
- From 0 pip fixed spread on Zero Spread account
Since there is no commission applicable for Cent, Micro, Standard accounts, you can frequently enjoy a complete portion of your revenue. Although, Zero spread account holders have to share $20 per lot with FBS. And lastly, FBS will charge $6 commission.
On FBS, the order volume can be expanded from 0, 01 to 1000 Cent lots, and that is with 0, 01 step. For all other types of accounts, it’s from 0, 01 to 500 lots. I believe everything seems to be useful, but the ECN account holders should have more limits in a currency pair.
Available Trading Instruments
You can trade up to 35 currency pairs. In the case of metal, it is limited to 4. Besides, there are also options for up to 3 CFD and 33 stocks. But remember, these are for all accounts excluding ECN accounts.
If you have previous experience in forex trading, you should have known that MetaTrader enables trading without order deviations. It’s one of the core facts people seek in a brokerage house.
Fortunately, FBS is on the same track to provide you the MetaTrader facility with an extensive range of leverage. You will find both MetaTrader 4 and 5 features on various platforms like Windows, iOS, Android, Web, Mac OS, and, nonetheless, on MULTITERMINAL. Let’s take a look at the MT features of FBS.
- Above 41 tools for currency pairs, CFDs, and Futures
- Multiple platforms/device sync support
- EA or Expert Advisors with a fully functional feature
- Around 50 indicators and stats tools
- One-click trading
- 3 types of analytical charts
- Hedging positions
- Micro-lot accounts
- VPS service
Why You Should Trade With FBS
I prefer FBS because it’s easy and profitable trading with FBS. Another reason people love to trade here is FBS always showed their attention to client satisfaction. The monitory board is quite experienced and reliable, as well. Maybe, that is the reason behind 80% of FBS clients stick around with the platform after signing in.
- Experience and trustworthy brokerage house
- Internationally recognized
- Competitive offers on trading
- Real-time stats access
- Multiple platform support
In my outlook, forex trading is one of the smartest businesses to hook up with. And one can succeed for sure if there is a bridge with a legit brokerage house. That is what I found in FBS. The main goal of this FBS review is to share my thought and experience with the platform.
I know, someone amalgamates with forex trading with a dream to become a great trader and risks all of his savings. Therefore, instead of rumbling around on the wrong platforms, it’s quite mandatory to stick with the right one.
Fortunately, you are not going to repeat that mistake as everyone does. Great wishes to become the next top trader.
|Regulated By||CySEC, IFSC|
FBS Trading Features
Customer Support Languages
|Supported Trading||MT4, MT5|