FBS Review
Introduction and Background information
FBS Markets Inc. otherwise known as FBS was founded in 2009 which is registered at No.1 Orchid Garden Street, Belmopan, Belize. FBS is a world industry leader with over 15,000,000 traders registered globally. FBS has won numerous industry awards and is the official trading partner of FC Barcelona.
This broker supports different types of trading styles including scalping, hedging, and automated trading.
Account types
FBS offers five different types of accounts with varying features. The accounts are the Cent account, the Micro account, the Standard account, the Zero-Spread account, and the ECN account.
The minimum initial deposit is $1 for a live account while the maximum leverage is 1:3,000.
Instruments
FBS offers a total 48 instruments for trading including 37 forex pairs and 11 CFDs. FBS offers crytocurrency CFDs. Social trading / Copy trading is also available at FBS for investors.
Education
FBS offers educational content for beginner, intermediate, and expert traders on their website. FBS hosts weekly webinars for clients to learn about the forex market. They also offer research and analysis materials from their in-house staff.
Regulation
FBS is regulated by the Cyprus Security and Exchange Commission CySEC #331/17, and the International Financial Services Commission (IFSC) #IFSC/60/230/TS/18.
FBS offers MetaTrader platforms for trading. These are MT4, MT5, and mobile trading platforms. Recently, FBS also launched its mobile apps for trading forex.
For social trading, FBS offers a dedicated mobile app tailored to this end.
Deposit and Withdrawals
Deposit and withdrawals at FBS are quick and smooth with different options available from bank cards, to eWallets.
Deposit methods at FBS are VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay.
Withdrawals in FBS can be made through the following channels VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay.
Fees (spreads/commission)
The broker typically charges spread on all its accounts except the Zero-Spread and ECN accounts. For the Zero-Spread account a commission of $20 is charged per lot, while for the ECN account, a commission os $6 is charged.
For more details on fees, see image above.
Execution
Execution of orders at FBS is done through STP technology for all accounts except the ECN account which makes use of ECN technology.
Customer Support
FBS has an awesome customer support who are reachable 24/5 on live chat. Responses are timely and they work to resolve customer issues.
You can also contact FBS by sending a mail to [email protected]
Promotion
FBS runs a lot of promotions and bonuses for its clients to participate in. Promotions offered by the broker are:
- Trade 100 bonus
- 100% Deposit bonus
- FBS Loyalty Program
- Free VPS among others.
Conclusion
In conclusion, FBS is a great broker who we will recommend for any trader either beginner or expert. This recommendation comes from our personal experience of over two years with the broker.
You can check our broker recommendations page for brokers we recommend.
