FBS Broker Review: Tailored Trading Services for All Levels of Experience

FBS Overviews

FBS is a global online forex broker that provides financial trading services, offering low spreads starting from 0.7 pips and leverage up to 1:3000. The platform facilitates efficient trading with a minimum deposit of $5 and order execution from 0.01 seconds. FBS also focuses on trader education, providing courses tailored by market experts to support traders at any level. They emphasize community engagement through events and a comprehensive suite of analytics to refine trading strategies.

Is FBS Safe? Broker Regulations

FBS operates under multiple regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (IFSC) of Belize.

Regulatory Bodies:

• CySEC (Cyprus Securities and Exchange Commission): FBS is authorized by CySEC, license number 331/17.
• ASIC (Australian Securities and Investments Commission): FBS is authorized and regulated by the Australian Securities and Investments Commission – AFS Licence number 426359.
• IFSC (International Financial Services Commission) of Belize: FBS Markets Inc. is regulated by IFSC, license IFSC/000102/198.

Security Measures:

• Client Fund Segregation: FBS is legally required to keep the funds and assets of its clients separate from its own money.
• Data Protection: FBS employs modern technologies and proactive measures to secure traders’ funds.

These regulatory frameworks and security measures are designed to ensure a safe and transparent trading environment for FBS clients.

What Can I Trade with FBS?

FBS Broker offers a diverse range of financial instruments, catering to various trading preferences and strategies. The available asset classes include:

• Forex (Foreign Exchange): Trade over 40 currency pairs, including major, minor, and exotic pairs.
• Commodities: Engage in trading precious metals like gold and silver, as well as energies such as oil and natural gas.
• Indices: Access global stock indices, including the S&P 500, NASDAQ, and Dow Jones, allowing for diversified market exposure.
• Cryptocurrencies: Participate in trading popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, offering opportunities in the digital asset market.

This comprehensive selection enables traders to diversify their portfolios and implement various trading strategies across different markets.

How to Trade with FBS?

Trading with FBS broker involves several straightforward steps, from account creation to executing trades. Here’s a step-by-step guide:

1. Account Registration:
   • Visit the FBS website and click on the “Open Account” button.
   • Fill in the required personal information, including name, email, and phone number.
   • Choose your preferred account type (e.g., Cent, Micro, Standard) and set your account currency.
2. Account Verification:
   • After registration, verify your identity by submitting necessary documents, such as a valid ID and proof of address.
   • This process ensures compliance with regulatory standards and enhances account security.
3. Deposit Funds:
   • Log in to your FBS personal area.
   • Navigate to the “Deposit” section and select your preferred payment method (e.g., bank card, e-wallet, local bank transfer).
   • Enter the deposit amount and follow the on-screen instructions to complete the transaction.
4. Download Trading Platform:
   • FBS supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
   • Download the appropriate version for your device from the FBS website.
5. Log In to the Trading Platform:
   • Open the downloaded platform.
   • Enter your account number and password provided during registration.
   • Select the server corresponding to your account type.
6. Market Analysis:
   • Utilize the platform’s charting tools and technical indicators to analyze market trends.
   • FBS offers various educational resources to assist in market analysis.
7. Placing Trades:
   • In the platform, click on the “New Order” button.
   • Specify the trade details, including symbol, volume, stop loss, and take profit levels.
   • Choose the order type (e.g., market execution or pending order) and click “Buy” or “Sell” to execute the trade.
8. Monitoring and Managing Trades:
   • Monitor open positions in the “Terminal” window.
   • To modify or close a trade, right-click on the position and select the desired action.

FBS also offers a proprietary mobile app, FBS Trader, available for both Android and iOS devices, allowing for trading on the go.

By following these steps, traders can effectively navigate the FBS trading environment and execute trades with confidence.

How Can I Open FBS Account? A Simple Tutorial

Opening an account with FBS is a straightforward process that can be completed online. Follow these steps to get started:

1. Visit the FBS Website:
   • Navigate to the official FBS website.
2. Initiate Registration:
   • Click on the “Open Account” button located at the top right corner of the homepage.
3. Provide Personal Information:
   • Enter your full name, email address, and phone number.
   • Create a secure password for your account.
4. Select Account Type:
   • Choose the account type that suits your trading needs (e.g., Cent, Micro, Standard).
   • Select your preferred account currency.
5. Agree to Terms and Conditions:
   • Review and accept FBS’s terms and conditions and privacy policy.
6. Verify Your Email:
   • Check your email inbox for a verification message from FBS.
   • Click on the verification link to confirm your email address.
7. Complete Profile Setup:
   • Log in to your FBS personal area.
   • Complete your profile by providing additional information, such as date of birth and country of residence.
8. Submit Verification Documents:
   • Upload a copy of your passport or ID card.
   • Provide proof of address, such as a utility bill or bank statement.
   • This verification process ensures compliance with regulatory standards and enhances account security.
9. Fund Your Account:
   • Navigate to the “Deposit” section in your personal area.
   • Select your preferred payment method (e.g., bank card, e-wallet, local bank transfer).
   • Enter the deposit amount and follow the on-screen instructions to complete the transaction.
10. Download Trading Platform:
    • FBS supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
    • Download the appropriate version for your device from the FBS website.
11. Log In to the Trading Platform:
    • Open the downloaded platform.
    • Enter your account number and password provided during registration.
    • Select the server corresponding to your account type.
12. Start Trading:
    • Utilize the platform’s features to analyze the market and execute trades.

By following these steps, you can successfully open and set up your FBS trading account, enabling you to begin your trading journey with confidence.

FBS Charts and Analysis

FBS provides traders with a comprehensive suite of charting tools and analytical resources to enhance trading decisions. The available platforms include:

• MetaTrader 4 (MT4): Offers advanced charting capabilities with various timeframes and technical indicators.
• MetaTrader 5 (MT5): An upgraded version featuring more timeframes, additional indicators, and improved charting tools.
• FBS Trader App: A mobile application providing real-time charts, quick trade execution, and comprehensive analytics.

These platforms cater to both novice and experienced traders, offering tools for technical analysis, real-time data, and customizable charting options. The user-friendly interfaces and advanced features facilitate effective market analysis and informed trading decisions.

FBS Account Types

FBS offers a variety of account types to cater to different trading preferences and experience levels. Below is an overview of the available account types:

Each account type is designed to meet specific trading needs, from beginners to professional.

Do I Have Negative Balance Protection with This Broker?

Negative balance protection is a crucial feature that ensures traders cannot lose more money than they have deposited into their trading accounts. This safeguard is particularly important in leveraged trading, where market volatility can lead to significant losses.

FBS’s Negative Balance Protection:

• Automatic Application: FBS automatically applies negative balance protection to all its trading accounts. This means that if a trader’s account balance falls below zero due to market fluctuations, FBS will reset the balance to zero, preventing the trader from owing additional funds.
• Regulatory Compliance: FBS’s negative balance protection aligns with regulations from financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), which mandate such protections for retail clients.

Importance of Negative Balance Protection:

• Risk Management: This feature is essential for effective risk management, especially for traders using high leverage, as it limits potential losses to the amount invested.
• Trader Confidence: Knowing that negative balance protection is in place allows traders to engage in the markets with greater confidence, understanding that their financial exposure is capped.

In summary, FBS’s implementation of negative balance protection enhances the safety and security of its trading environment, ensuring that traders’ losses are confined to their account balances.

FBS Deposits and Withdrawals

FBS offers a variety of deposit and withdrawal methods to accommodate traders worldwide. These methods include bank cards, e-wallets, local bank transfers, and cryptocurrencies.

Deposit Methods:

• Bank Cards: Visa and Mastercard deposits are available, with processing times ranging from instant to 7 days, depending on the bank.
• E-wallets: Options such as Neteller, Skrill, and Sticpay are supported, offering instant processing times.
• Local Bank Transfers: Available in certain regions, with processing times between 15 minutes and 7 days.
• Cryptocurrencies: Deposits via Bitcoin and other cryptocurrencies are accepted, with processing times varying based on network confirmations.

Withdrawal Methods:

• Bank Cards: Withdrawals to Visa and Mastercard are processed within 15 to 20 minutes, with a maximum of 48 hours.
• E-wallets: Withdrawals via Neteller, Skrill, and Sticpay are typically processed within 15 to 20 minutes, with a maximum of 48 hours.
• Bank Wire Transfers: Withdrawals via bank wire may take up to 5 to 7 business days, depending on the bank and geographic location.
• Cryptocurrencies: Withdrawals via Bitcoin and other cryptocurrencies are processed promptly, though they depend on network confirmations.

Fees:

• Deposits: FBS does not charge internal fbs fees for deposits. However, third-party payment providers may apply their own processing or currency conversion fees.
• Withdrawals: FBS does not charge internal fees for withdrawals. However, third-party payment providers may apply their own processing or currency conversion fees.

Minimum Deposit and Withdrawal Amounts:

• Minimum Deposit: The minimum deposit amount varies depending on the payment method used. For most methods, the minimum deposit is $1 for e-wallets such as Skrill and Neteller, and $50 for withdrawals via bank transfers.
• Minimum Withdrawal: The minimum withdrawal amount starts from $1 for non-bank transactions, but given the withdrawal fees, traders should avoid such very small transactions unless they use STICPAY.

Processing Times:

• Deposits: Processing times vary depending on the payment method used. For example, bank wire transfers may take up to 5-7 business days, while credit or debit card deposits are usually processed within 15-20 minutes.
• Withdrawals: Processing times vary depending on the selected payment method. Generally, credit or debit card withdrawals and e-wallet transactions are processed within 20 minutes, with a maximum waiting time of 48 hours. Bank wire transfers take longer, typically up to 7 business days.

FBS aims to ensure quick and efficient deposit and withdrawal processing to give traders timely access to their funds.

Support Service for Customer

FBS offers comprehensive customer support to assist traders with various inquiries and issues. Support is available through multiple channels:

• Live Chat: Accessible 24/7 on the FBS website, providing real-time assistance for immediate concerns.
• Email Support: Traders can reach out via email for detailed inquiries. FBS typically responds within 24 hours.
• Phone Support: Available during business hours, with dedicated lines for different regions. Response times may vary based on call volume.
• Social Media: FBS maintains active profiles on platforms like Facebook and Twitter, offering support and updates.

The support team is multilingual, catering to a global clientele. While FBS provides extensive support, it’s important to note that customer service is not available 24/7, which may affect response times during off-peak hours.

Overall, FBS strives to offer responsive and helpful support to enhance the trading experience for its clients.

Prohibited Countries: Where Can I Not Trade with this Broker?

FBS operates globally but is restricted in certain jurisdictions due to regulatory and legal constraints. The broker’s services are not available in the following countries:

• United States
• Japan
• Canada
• United Kingdom
• Australia
• New Zealand
• Singapore
• Israel
• Iran
• North Korea
• Sudan
• Syria
• Cuba
• Crimea Region of Ukraine
• Sevastopol Region of Ukraine
• Donetsk People’s Republic (DPR)
• Luhansk People’s Republic (LPR)

These restrictions are primarily due to international sanctions and local financial regulations. Traders from these regions are advised to consult local laws and regulations before attempting to use FBS’s services.

For the most current information on restricted countries, please refer to FBS’s official website or contact their customer support.

Special Offers for Customers

FBS provides various promotions and bonuses to enhance the trading experience for its clients. These offers include:

• Level Up Bonus: New clients can receive up to $140 in bonus funds. To qualify, register a trading account, verify your email, and connect your Facebook account. Downloading the FBS Personal Area app can increase the bonus amount.
• 100% Deposit Bonus: FBS matches your deposit amount, effectively doubling your trading capital. This bonus is available for various account types, including Micro, Standard, Zero Spread, and Cent accounts.
• Cashback Program: Earn up to $15 per lot traded, with the potential for unlimited profit based on your monthly trading volume. This program is ideal for active traders seeking additional income.
• Referral Bonus: Invite friends to join FBS and receive a $15 bonus when they open a real account and meet specific criteria.
• Loyalty Program: Accumulate points through trading activities and exchange them for gifts, bonuses, or other rewards. This program aims to reward and retain loyal clients.

These promotions are designed to provide additional value and incentives for traders using FBS’s services. For the most current information on available offers, please refer to FBS’s official website or contact their customer support.

FBS Review Conclusion: Reputable Broker with Easy-to-use Platform

FBS has established itself as a reputable broker, offering a user-friendly platform and a range of services tailored to both novice and experienced traders. The broker’s commitment to regulatory compliance, with licenses from authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), ensures a secure trading environment.

Strengths:

• Regulatory Compliance: FBS operates under multiple regulatory bodies, including CySEC and ASIC, providing a secure trading environment.
• Educational Resources: The broker offers extensive educational materials, such as webinars, tutorials, and market analysis, to support traders in enhancing their skills.
• Trading Platforms: FBS provides popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary FBS Trader app, ensuring a user-friendly trading experience.
• Low Minimum Deposit: FBS allows traders to start with a minimum deposit as low as $5, making it accessible for beginners.
• High Leverage Options: The broker offers leverage up to 1:3000, providing traders with the ability to control larger positions with a smaller amount of capital.

Areas for Improvement:

• Limited Product Portfolio: FBS offers a limited product portfolio, covering only CFDs, which may not meet the needs of traders seeking a broader range of financial instruments.
• Few Account Base Currencies: The broker supports only a few account base currencies, which may be inconvenient for traders dealing with other currencies.
• No Investor Protection for Non-EU Clients: FBS does not provide investor protection for clients outside the European Union, potentially exposing them to higher risks.
• Geographical Restrictions: FBS’s services are not available in certain countries, including the United States, Japan, Canada, and the United Kingdom.

In conclusion, FBS offers a comprehensive trading environment with a user-friendly platform, extensive educational resources, and a variety of account options. While there are areas for improvement, particularly regarding product diversity and investor protection for non-EU clients, FBS remains a solid choice for traders seeking a reliable and accessible broker.

Summary and Key Takeaways

FBS is a globally recognized online broker that has been serving traders since 2009, offering a wide range of financial instruments including forex, commodities, indices, and cryptocurrencies. In conclusion, FBS offers a comprehensive trading environment with a user-friendly platform, extensive educational resources, and a variety of account options. While there are areas for improvement, particularly regarding product diversity and investor protection for non-EU clients, FBS remains a solid choice for traders seeking a reliable and accessible broker.

FAQs

About Author

Beatrice Quinn

Beatrice Quinn Kingsley, a finance graduate from the London School of Economics, dove into finance clubs during her studies, honing her skills in portfolio management and risk analysis. With a career spanning prestigious firms like Barclays and HSBC, she's become an authority in asset allocation and investment strategy, known for her insightful reports. Beyond her corporate success, Beatrice is an advocate for financial literacy, actively engaging in workshops, seminars, and writing on topics like personal finance and investing. Recognized in the field, she's a featured voice in publications and a sought-after consultant, combining her financial know-how and communication prowess to empower ...

Read more ...