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Table of contents

  • Expert Reviewer Verdict
  • Pros and Cons
  • Trust and Safety
  • Tradable Instruments
  • Account Types
  • Commission and Fees
  • Trading Platforms
  • Unique Features
  • Research and Education
  • Customer Support
  • Account Opening
  • Deposit and Withdrawals
  • Final Thoughts
  • Contact Info
  • FAQs

FBS Review

Updated :
April 4, 2024
Written By icon
Written By
Oliver Gray
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Financial Markets, Journalism, Fundamental & Technical Analysis, Trading

Australian Site Manager | Investing.com

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Reviewed By icon
Reviewed By
Ambhini Aishwarya
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Content Editing, News Production

Financial News Copy Editor | Investing.com

B.A. Media & Communication | Manipal University, Aarhus University

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    Fact Checked icon
    Fact Checked By
    Malvika Gurung
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    Financial Journalism, Content Creation

    Journalist, Asst Project Manager | Investing.com

    B.Tech | Jaypee University of Engineering and Technology

      See Full Bio

      4.4
      Trust and Safety
      4.3
      Commission and Fees
      4.2
      Research and Education
      4.5
      Tradable Instruments
      4.4
      Trading Platforms
      4.5
      Customer Support
      4.4
      Account Types
      4.6
      Unique Features
      4.4
      Account Opening
      4.7

      A Comprehensive Look

      Established in 2009, FBS stands as a versatile broker, catering to varying trading preferences and needs. Best suited for traders seeking a mix of accessibility and reputable services, FBS extends opportunities for traders to exploit dynamic financial markets efficiently. The firm’s offerings are comprehensive, yet user-friendly, making it a feasible choice for both novice and seasoned traders.

      Expert Reviewer Verdict

      FBS emerges as a compelling option for traders, with its platform being notably user-centric and cost-effective. Serving over 27 million traders from 150 countries, FBS is characterized by its simplicity and direct approach to trading, devoid of unnecessary complexities.

      The broker boasts competitive spreads, starting from 0.5 pips, presenting a significant advantage for traders mindful of cost. The platform’s intuitive design is a boon for traders, both novice and experienced, seeking seamless navigation.

      Moreover, the security provided through stringent regulatory compliance affords clients reassurance, reinforcing FBS’s commitment to maintaining high standards of trust and integrity in its operations.

      Pros and Cons

      Pros

      • $5 Minimum Deposit
      • 27+ Million Users
      • 24/7 Customer Service
      • Wide Range of Trading Instruments

      Cons

      • No ETF Trading

      Trust and Safety

      Security Assurance

      The integrity and security of a broker are paramount in the decision-making process for traders. FBS holds its ground in terms of safety, diligently adhering to rigorous regulations and deploying robust measures for fraud prevention and the security of client funds.

      Regulation: Companies operating under FBS are regulated under the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of Belize. By aligning with the standards and operational guidelines stipulated by these bodies, FBS demonstrates a commitment to maintaining transparency and ethical practices, giving clients a layer of assurance regarding the broker’s reliability.

      Fraud Prevention: FBS utilizes state-of-the-art encryption technologies to safeguard sensitive information and financial transactions, establishing a secure trading environment. Enhanced authentication processes are incorporated to deter unauthorized access.

      Client’s Fund Security: The broker practices the segregation of accounts, ensuring clients’ funds are kept distinct from the company’s operational funds. This separation guarantees the safety of clients’ capital, preventing the utilization of these funds for any other operational needs and securing them against any unexpected organizational predicaments.

      Regulatory Body

      Status

      ASIC

      Yes

      CySEC

      Yes

      DFSA

      No

      EFSA

      No

      FCA

      No

      FMA

      No

      FSA (SC)

      No

      FSCA

      No

      FSC

      Yes

      JFSA

      No

      MAS

      No

      MiFID

      No

      Tradable Instruments

      A Diverse Portfolio for Varied Interests

      FBS furnishes an extensive array of tradable instruments, catering to a multitude of trading preferences and tactics, covering a variety of asset classes.

      The platform primarily emphasizes Forex trading, featuring a comprehensive list of currency pairs including major, minor, and exotic pairs. This diverse offering makes FBS a favorable option for those with a keen interest in forex trading. FBS also extends opportunities for trading CFDs on commodities, accommodating those who prefer to deal with tangible goods like precious metals and energies.

      Furthermore, for those with a proclivity towards trading in the dynamic world of cryptocurrencies, FBS provides access to CFDs on cryptocurrencies like Bitcoin, Ethereum, and Litecoin. However, it’s pertinent to note that FBS does not extend opportunities for trading in ETFs, bonds, or options, which may limit options for those looking to diversify their portfolio in these areas.

      Trading Instrument

      Available

      COMMODITIES CFDs

      Yes

      CURRENCIES CFDs

      Yes

      CRYPTOCURRENCIES CFDs

      Yes

      ETF CFDs

      No

      INDICES CFDs

      Yes

      STOCKS CFDs

      Yes

      BONDS CFDs

      No

      OPTIONS CFDs

      No

      Account Types

      Offering a Comprehensive and User-Centric Experience

      FBS provides a Standard account. A notable feature is the availability of a demo account, allowing traders to practice and refine their strategies in a risk-free environment, reflecting FBS’s commitment to user-centric learning experiences.

      FBS ensures its offerings are inclusive by providing Islamic accounts in compliance with Sharia law and adhering to the principles of fairness and transparency. However, traders looking for managed account options need to consider alternative brokers, and FBS’s services are not available to US traders due to regulatory constraints.

      Account Type

      Available

      DEMO ACCOUNT

      Yes

      ISLAMIC ACCOUNT

      Yes

      SEGREGATED ACCOUNT

      Yes

      MANAGED ACCOUNT

      No

      SUITABLE FOR BEGINNERS

      Yes

      SUITABLE FOR PROFESSIONALS

      Yes

      AVAILABLE IN US

      No

      Commission and Fees

      Low Cost and Transparent

      FBS is renowned for its transparent and competitive fee structure, enabling traders to operate with a clear understanding of costs involved.

      Account Minimum

      With a minimum deposit of 5$, FBS has a low entry barrier, accommodating a wide range of traders.

      Trading Fees

      FBS applies trading fees and spreads, specifically in the form of swaps. These fees, commonly known as overnight financing costs, are incurred when positions are held overnight.

      Account Fee

      FBS does not impose any account maintenance fees.

      Inactivity Fee

      No inactivity fee levied.

      Deposit Fee

      FBS doesn’t charge any fees for deposits. Any associated fees would be imposed by the bank. For more information, please visit their website.

      Withdrawal Fee

      FBS doesn’t charge any fees for withdrawals. Any associated fees would be imposed by the bank. For more information, please visit their website.

      Currency Conversion Fee

      FBS charges a nominal fee for currency conversions, vital for traders whose account base currency is different from their trading currency.

      Guaranteed Stop Order Fee

      FBS does offer guaranteed stop-loss orders, ensuring added protection during unforeseen market fluctuations, and these may incur additional fees.

      Trading Platforms

      Tailored Solutions for Varied Trading Needs

      FBS offers a suite of trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to different trading strategies and preferences. These platforms are acclaimed for their sophisticated charting tools, user-friendly interface, and support for algorithmic trading, serving a broad spectrum of traders effectively.

      Mobile Trading Apps

      FBS provides access to mobile trading applications for MT4 and MT5, compatible with both Android and iOS devices, enabling traders to execute trades, analyze charts, and utilize technical analysis tools on the move with ease.

      Web Trading Apps

      FBS allows traders to access MT4 and MT5 directly from their browsers through web applications, eliminating the need for additional software installations.

      Desktop Trading Apps

      FBS avails platform versions for Windows and Mac desktops, ensuring a comprehensive trading experience.

      Trading Platform

      Available

      MT4

      Yes

      MT5

      Yes

      CTRADER

      No

      PROPRIETARY

      No

      Desktop and Web Platform

      Available

      DESKTOP WINDOWS

      Yes

      DESKTOP MAC

      Yes

      WEB PLATFORM

      Yes

      Mobile Platform

      Available

      ANDROID

      Yes

      iOS

      Yes

      Unique Features

      Crafted to Accommodate Diverse Trading Enthusiasts

      FBS distinctively incorporates a myriad of innovative features on its platform, each structured to enrich the trading journey by conferring insights into market trends and offering valuable tools that enhance decision-making.

      The platform integrates push notifications meticulously to keep traders abreast with critical market shifts and variations in account status, enabling traders to respond swiftly to emerging opportunities and changes in market conditions. These notifications are customizable, allowing traders to tailor them to suit their preferences and trading requirements.

      FBS also embeds trend exploration tools and instrument-specific insights, offering a more profound understanding of market behaviors and allowing traders to fine-tune their strategies according to prevailing market trends. Additionally, the comparative analysis of users’ trading behaviors available on the platform sheds light on trading practices, empowering traders to reflect on their strategies and optimize them for better outcomes.

      By amalgamating these distinctive features, FBS aspires to not just facilitate a seamless trading experience but to also serve as a companion in the traders’ journey, offering insights, learning, and adaptability in the ever-evolving trading landscape.

      Research and Education

      Diverse Educational Portfolio

      FBS puts forth a strong effort in delivering an extensive range of educational and research materials, fostering a learning environment, although there remains a scope for refinement and augmentation in alignment with the industry leaders.

      Learning Center Overview: FBS houses a comprehensive learning center enriched with diverse educational content such as video tutorials, webinars, and textual guides focusing on crucial trading concepts and strategies.

      Educational Content Comparison: FBS’s educational content resonates well with industry norms, embracing essential subjects like forex fundamentals, technical analysis, and risk mitigation, but a deeper exploration into advanced topics by industry pioneers would be beneficial.

      Progress in Education: FBS has demonstrated a consistent commitment to enhancing its educational repository, with a heightened focus on interactive and engaging learning methodologies, signifying its dedication to trader education.

      Content Sources: FBS circulates authentic content developed by internal specialists, guaranteeing precise and pertinent trading information, along with insightful market analysis.

      Areas for Improvement: FBS could further sophisticate its educational suite by introducing more intricate topics and exhaustive market scrutiny methodologies, tailored for both novices and experienced traders.

      Video Focus: While FBS does offer a variety of video content, the incorporation of a wider array of subjects and more nuanced discussions could substantially elevate the video-based learning experience.

      Customer Support

      Comprehensive and Multifaceted

      FBS prides itself on delivering exemplary customer support, marked by its responsiveness and versatility.

      FBS addresses customer concerns via several channels like live chat, email, and phone support, ensuring accessibility and efficient resolution.

      The accessibility of customer support seems to extend beyond the standard business hours, providing convenience to international traders.

      In addition, FBS hosts a detailed FAQ section on its website, offering extensive insights on frequent inquiries concerning trading, account operations, financial transactions, and more.

      • Standard Hours Accessibility: Provides 24/7 support

      • Extended Hours Accessibility: Available (Exact hours not explicitly stated)

      • Multi-Channel Support: Live chat, Email, Phone

      • Supplemental Information: FAQ section available on the website

      Account Opening

      Efficient and User-Friendly

      Creating an account with FBS is a streamlined and intuitive process.

      Registration: The journey begins with a simple registration form on the FBS website or app, requiring applicants to enter basic information like name, email, and contact number.

      Verification: Post-registration, a prompt email and phone number verification are essential to proceed.

      Detailed Inquiry: Subsequently, applicants need to furnish additional data, including date of birth, residential particulars, and a brief on their trading acumen.

      Document Submission: In compliance with regulatory mandates, the last step involves uploading pertinent identification and address proof documents.

      Given that all requisite documents are at hand, prospective clients can wrap up the application process promptly, typically within a day. FBS imposes a mandatory minimum deposit of $5 to inaugurate an account (or $200 for the Pro account), making it a competitively advantageous choice for newcomers and seasoned traders alike.

      Deposit and Withdrawals

      Efficient and Versatile

      FBS facilitates smooth and diverse deposit and withdrawal options.

      Deposits: FBS accommodates deposits via multiple avenues including credit/debit cards and e-wallets such as Skrill and Neteller. FBS prides itself on not levying any deposit fees, although additional charges might be incurred from payment providers. With a welcoming approach, FBS keeps its minimum deposit threshold relatively low, enabling traders of varied financial capabilities to engage.

      Withdrawals: Consistency is maintained as withdrawals are enabled through the aforementioned payment mediums, ensuring seamless transactions for users. Withdrawals are usually concluded within one minute, while processing takes up to 4 days. While FBS refrains from applying withdrawal fees, external charges may arise in accordance with the chosen payment provider’s terms.

      In essence, FBS has optimized the deposit and withdrawal mechanism, emphasizing convenience and efficiency and abstaining from unwarranted fees, thus ensuring a customer-friendly transaction environment.

      Final Thoughts

      FBS emerges as a compelling choice with its diverse trading instruments, intuitive platforms, and efficient customer support. The broker’s commitment to offering low minimum deposits, competitive spreads, and an array of educational materials makes it an accessible and attractive option for traders of varying experience levels. However, it’s pivotal to acknowledge that FBS may have limitations in offering certain trading instruments.

      While FBS showcases many admirable qualities, it’s crucial for potential users to conduct meticulous research before opting to trade with them. Evaluating one’s trading requirements, preferred strategies, and risk acceptance is essential. The aptness of a broker is predominantly subject to individual trading inclinations and objectives.

      Contact Info

      laptop Website: www.fbs.com
      laptop Email: support@fbs.com
      call Telephone: +357 22 010970.
      location_on Company Address:
      9725, Fabers Road Extension, Unit 1, Belize City, Belize.

      FAQs

      • Question: Is FBS regulated?

        Answer: Yes, companies operating under FBS are regulated by the Financial Services Commission (FSC) of Belize, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC), assuring traders of adherence to stringent financial standards and transparent and ethical operations.
      • Question: What kind of trading platforms does FBS offer?

        Answer: FBS provides traders with access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are suitable for varying trading preferences and styles. These platforms are available across various devices, including desktops and mobile devices, enabling versatile trading experiences.
      • Question: What types of accounts does FBS provide?

        Answer: FBS offers a Standard account only.

      Disclaimer: The contents of this page or available via this page (""Contents"") are provided by third parties and do not constitute an endorsement by FUSION MEDIA of the Contents or products of such third parties. FUSION MEDIA has no control of the Contents, is not responsible for their accuracy, availability or legality and hereby disclaims any responsibility for the Contents. Any transactions that you enter into with any third party listed in this page or linked from this page are solely between you and such third party and are at your sole risk. Please also refer to our Risk Warning. FUSION MEDIA disclaims any liability for any damage or loss caused in connection with the use of or reliance on any Contents. Please be informed that Proprietary Trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.

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      Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

      Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

      Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

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      Please be informed that Proprietary Trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.


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