Since 2009, FBS is on the ground of forex trading with reliability and steady performance. With its outstanding performance and acceptance from 23 million clients in 150 countries, FBS already pocketed around 40 global recognitions and awards. What is more, FBS is an official trading partner of Leicester City.
Their galloping success already grasped aknowledgments 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, stocks, and cryptocurrencies.
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 CySEC #331/17.
FBS Market Inc. is operating its web platform, registration #IFSC/60/230/TS/18. On the contrary, IFSC is responsible for regulating the web platform.
Australian clients can join in and access all the premium features with FBS under the Australian Financial Services License and ASIC regulation and its listed license number is ASIC #426359. FBS has a dedicated website (www.fbsaustralia.com) for Australian traders and those who want to trade under Australian law.
Also, FBS has an FSCA license, bearing license number is FSCA #50885
Detailed Review of FBS
FBS Introducing Broker (IB) Program
The broker’s partnership program, FBS IB Program, is one of the greatest options to increase financial status and expand business opportunities. FBS Partners receive extra income even from one attached client. The program is available for every trader, even those who only start their Forex journey. Nowadays, there are over 400 000 FBS Partners around the world.
FBS Introducing Broker (IB) Program offers its participants clear and competitive conditions and terms:
High commission (up to $80 per each traded lot)
Unlimited income (the more your clients trade, the more you earn)
Free promo materials to attract new clients
FBS IB Programs was awarded the Best IB Program Asia 2022.
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 clients every 20 seconds. Nearly 80% of its user base is active participants 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 accounts.
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, the 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
- Opening balance of $1 for Crypto
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
- Up to 1:5 for Crypto 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, ECN and Crypto 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, or 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 a $6 commission.
On FBS, the order volume can be expanded from 0, 01 to 1000 Cent lots, and that is with the 0, 01 steps. For all other types of accounts, it’s from 0, 01 to 500 lots. I believe everything seems to be useful, but ECN account holders should have more limits on 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 CFDs and 33 stocks. But remember, these are for all accounts excluding ECN and Crypto accounts. As for Crypto accounts, it supports more than 100 instruments: coins to coins, coins to fiat, coins to metals, etc.
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 to trade 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 sticking 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 who amalgamates 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.
What Is Regulation?
Forex regulation is therefore all about consumer protection. Regulated Forex brokers are less likely to cheat their clients and where such infractions happen, regulators are empowered by the laws of their respective jurisdictions to apply appropriate sanctions.
|ASIC, IFSC, CySEC, FSCA|
What is Base Currency?
In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
|EUR, USD, THB|
|Type Of Brokers
There are two types of brokers: regular brokers who deal directly with their clients and broker-resellers who act as intermediaries between the client and a larger broker. Regular brokers generally are held in higher regard than broker-resellers.
|ECN, STP, NDD|
What is Trading Platform?
A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.
|Desktop, Mobile, MT4, MT5, FBS Trader|
|Website Language||English, Indonesian, Turkish, More|
|Acc Funding Methods||Wire transfer, Visa Card, Master Card, UnionPay, Skrill, FasaPay|
|Acc Withdrawal Methods||Wire transfer, Visa Card, Master Card, UnionPay, Skrill, FasaPay|
|Wire transfer||1% - 4% of the transaction amount|
|Visa Card||1.9% - 2.9% of the transaction amount|
|Master Card||1.9% - 2.9% of the transaction amount|
|UnionPay||1.5% - 2.5% of the transaction amount|
|FasaPay||2.9% + $0.30 per transaction|
Trading Account Options
Leverage is the use of borrowed funds to increase one's trading position beyond what would be available from their cash balance alone. ... Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses.
What Is Mini Account?
A forex mini account is a foreign exchange (FX) account which allows beginner traders to enter the currency market using smaller size (mini lot) positions and trading quantities, thus lowering the funds at risk and limiting potential losses.
What Is Segregated Account?
Segregated account is an important term in the context of Forex trading in which a broker holds their client funds in segregated (separate) accounts that are different from the broker's core banking account. Segregated accounts are used to differentiate between the broker's working capital and its client investments.
|Free Demo Accounts|
What Is Managed Accounts?
A managed forex account is where a professional trader/money manager manages the trading on the clients' behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs.
What Is Islamic Account?
An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. ... As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.
Contact Information & Support
|24 Hours Support|
|Support During Weekends|
|Address||No.1 Orchid Garden Street, Belmopan, Belize, C.A|
FBS Trading Features
Spreads And Commission
What Is Spreads?
The forex spread is the difference between a forex broker's sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.
FBS Release 6 Bonuses
What Is Hedging?
Hedging with forex is a strategy used to protect one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.
What Is Scalping?
Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit.
What Is Indices?
The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.
What Is Commodities?
The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. ... Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities.
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