FBS Review 2020

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FBS Review 2020

Regulated By: CySEC, IFSC

Foundation Year : 2009

Your capital is at risk

Latest Tweets by @FBS_news

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FBS Review

Leverage: 1:30

Regulation: CySEC

Min. Deposit: 10 EUR

HQ: Cyprus

Platforms: MT4, MT5

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Found in: 2009

FBS Broker Licenses:

Tradestone Limited -authorized by CySEC (Cyprus) registration no. 353534

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With numerous brokerage firms and trading offerings presented nowadays its crucial to choose the most reliable company, as well the one that suits your trading needs. For this reason, we assist in choices by reviewing brokers and checking information in a detail, to support selection and here is FBS Review among others.

What is FBS?

FBS was founded as an international broker that serve clients from over 190 countries since 2009 shows its excellence by numerous prestigious awards and cutting-edge technologies on the Forex Market. Lately, FBS became also a Cyprus Broker, expanding its service to a European population for both newbie and professional traders with useful tools and fully regulated trading service.

As for the trading service itself, FBS brings transparent conditions for trading by the use of popular instruments including Forex, Metals and all connected by split-second execution through the STP model. Also, FBS invests in technology making a trading process smooth and more convenient accompanied by the powerful execution and unparalleled customer service FBS provides. Also, there are numerous educational materials and programs organized to enhance your trading capabilities and of course to recognize the importance of knowledge in markets.

Overall, for the year of operation FBS received over 40 international awards as recognize them as Transparent Broker with Best Customer Service and some of the most rewarded Brands worldwide.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is FBS safe or a scam?

FBS is a brand name used by the Tradestone Limited, which is a Cyprus registered company, EU and MiFID regulated investment firm registered with CySEC. Additional entity of FBS is located in the Marshall Islands and Belize, which are offshore zones that do not really prove its reliable status on its own. Yet, together with regulation from European CySEC it makes FBS a broker which compliant to regulatory requirements and therefore offers reliable trading conditions.

Therefore and because of its obtained license compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities y Negative Balance protection. In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

FBS Trading Platforms

As the majority of STP and technology-based brokers, FBS mainstays at the high industry and provides a powerful platform to execute orders, through the market leader – MetaTrader4. A solid platform delivers a wealth of features, advanced charting and customization along with auto-trading capabilities while available for PC or MAC, Android or iOS devices making it available at anytime or anywhere.

In addition to the progressive functions of the MT4, you can enjoy daily technical and fundamental analysis data that is streamed into the news section. Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and even trade with VPS service support.

Moreover, in case you will be trading with the international entity of FBS you will be offered also to use upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading.

FBS Costs and Accounts

The account types at FBS offer both demo and live trading accounts that give exactly what you may look for, regardless of the level of the experience. While opening an account you may choose between Standard Account and Cent Account, which is a perfect option for the beginners due to its much lower requirements and risks involved.

FBS Spread

Since there are two account types, so you will have an option either to trade with Standard spread starting from 1 pip, or while trading with Cent account be offered with tight spread. Thus, typical spread on Standard account for EUR/USD pair is 0.9, and Cent Account EUR/USD spread is 3 pips. You may see below more examples of some spreads and conditions on rollover below, as well compare FBS fees to another broker Exness.

FBS Overnight fee

Also, you should always count on the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio, which you may see as example above or check directly from the platform.

FBS Leverage

Obviously, leverage levels increase your trading size by its possibility to multiply initial balance bringing vast opportunities to higher gains. As usual, offered leverage depending on some factors including your level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions. Therefore, trading with European entity you may maximum use 1:30 leverage for major currency pairs, while Marshall Islands FBS may offer high leverage ratios up to almost fantastic 1:1000. Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing money rapidly.

FBS Payment Methods

So in order to transfer into live trading you should obviously deposit money, while FBS offers a range of the most used and convenient payment options. This includes major cards Visa and MasterCard, e-wallets Neteller and Skrill along with Wire transfers.

FBS minimum deposit

As for the minimum deposit amount, FBS allows trading through Cent account only with 10$ at the very beginning, which is a fantastic option for beginning traders. Standard Account yet demands only 100$ initial deposit so experienced traders may find their way with relatively small amounts too.

FBS withdrawal fee

Also, what is more great FBS offers 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.

Conclusion on FBS

FBS review presents a brokerage company, which relies on the fair trading services and brings opportunity to every trader no matter the level of expertise or even size of investments. The range of account types, platforms along with advanced tools and convenient customer supports enables it all becomes true. While the trading costs are among the average as well, while there is no any misunderstanding due to the company Market execution model as an STP Broker.

Overall, the FBS option is nice to consider and good to have. Yet, we would be glad to hear your personal opinion about FBS, so you may add a comment below or ask for additional info if needed.

No review found.

On the last days of October 28-29, the FBS Team took honor to be an official sponsor of the Egypt Investment Expo 2020, which is one of the influential expos of the region featured by the financial enthusiast. Together with its usual Expo program of Egypt Investment Expo, which is an annual event that focuses.

FC Barcelona and FBS signed a new global partnership agreement, whereby the broker specializing in Forex trading is to become the soccer club’s Official Trading Partner for the next four years, through 30 June 2024. This partnership will be a boost to Barça’s global commercial strategy, as part of the consolidation of its international expansion.

FBS Review 2020

Regulated by CySEC & IFSC | Segregates Client Funds | Trust Rating: B | True ECN

CFD Trading involves high risk be careful with your investement

CFD Trading involves high risk be careful with your investement

This post is also available in: Deutsch Italiano

Table of Contents

With this FBS Review we want to find out if FBS is really one of the best Forex Brokers of 2020.
We conducted an in-depth review in April 2020 to find out the answer and bring it to you!

Now here’s a real surprise broker that you may not have come across yet!

Founded in 2009 and headquartered in Belize, this true ECN and STP broker is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and has a lot to offer.

They have already won tons of awards, have clients in over 120 countries throughout the world and have established a sound customer base that currently exceeds 5 million traders.

FBS is extremely well represented in important regions across Asia and has offices in China, Thailand, Turkey, Malaysia, Indonesia, Lao, Myanmar and Egypt.

Clients are entitled to receive all sorts of promotions and trade Forex, metals, CFDs and four of the major cryptocurrencies: Bitcoin, Ethereum, Litecoin and Dash.

�� Trading Platform MetaTrader
�� Head Office Belize
�� Founded 2009
⭐ Reviews 4.4 – 43 Reviews Trust Pilot
↔ Maximum Leverage 3000:1
�� Execution Servers LD5
�� Broker Type ECN
�� Negative Protection No
�� Trading Options Forex, CFDs, Crypto
OUR RATING: 7.8
The overall raiting is based on review by our experts
�� Reliability: 7 / 10 �� Spread: 9 / 10
�� Offers: 8 / 10 �� Speed of Execution: 8 / 10
�� Customer Service: 7 / 10 �� Uptime: 8 / 10
Trading Conditions
Max Leverage: 3000:1
Platform:
Min Deposit: $1
Spread: From 0.0 Pips
Cuts out Dealing Desk: Yes
Methods of deposit and offers
Deposit / Withdraw:
Welcome offer: $123 free and 100% deposit bonus on all deposits
Rebates Engine Forex: Coming soon!

SECURITY, MARGINS AND TECHNOLOGY

SECURITY

In Summary

  • CySEC & IFSC regulated
  • True ECN broker
  • No dealing-desk intervention
  • Segregates clients’ funds

FBS is the trading name of FBS Markets Inc., Parallax Incorporated, Tradestone Limited and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC).

Deposit insurance of up to 100%
For most account models, the broker offers Forex traders so-called deposit insurance. In this way, traders secure the amount of their deposit at 100 per cent. For this purpose, a certain number of positions must be traded. For example, if you want to hedge a deposit of 100 US dollars, you will need 12 trades. In this way, traders can protect themselves against losses of their trading capital without additional investment.

In our FBS Forex broker review, we found that dealing with FBS can be considered to be safe and secure. Overall, the company goes a long way to ensure transparency and the safety of its clients’ money.

FBS offers negative balance protection, as well as most common risk management tools such as various stop loss order functions to help limiting the high risks in trading.

Spreads Comparison

PEPPERSTONE
THINK MARKETS
OANDA
IC MARKETS

CHARGES AND MARGINS AT FBS

In Summary

  • Spread mark-up or
  • Commissions per standard lot R/T
  • 6 account options to choose from
  • Up to 3000:1 leverage

FBS offers a choice between six unique trading account types, each of which offers distinct advantages and features. Clients can select from MT4 and MT5, true ECN or STP account options.

Minimum deposits range from $1-1000 with a huge maximum leverage of up to 3000:1.

All account types, except its ECN account, support the following trading instruments: 35 currency pairs, 4 metals, 2 CFDs and 4 cryptocurrencies. The ECN account focusses solely on Forex trading and allows users to trade 25 currency pairs.

Leverage is up to 3000:1 on the Micro, Standard and Zero Spread accounts, up to 1000:1 on the Cent, and up to 500:1 on the Unlimited and ECN account options.

FBS only charges commissions on two of its account types: The Zero Spread (from $20 per lot round-turn) and ECN ($6 per lot round-turn) accounts.

Here is a quick overview of all six account types and it’s main characteristics:

  • Standard Account: The FBS Standard Account can be accessed from a deposit of at least $100. The maximum leverage is selectable up to 3000:1 and the fees are calculated over a variable spread (from 0.5 pips).
  • Cent Account: An account from $1 deposit for trading small amounts. There are even cent lots available for trading. The maximum leverage is 1000:1 and the average spreads start from 1 pip.
  • Micro Account: An account from $5 with fixed spreads. So the fees are 100% clear for the trader before. The spreads start at 3 pips, and the leverage goes up to 3000:1.
  • Zero Spread Account: With this account, there is no spread (fixed at zero spread) applied, but a commission of minimum $20 per lot R/T has to be paid. This is an FBS account option that can be accessed with deposits from $500. However, a $20 commission per lot is quite steep.
  • ECN Account: Direct access to interbank trading with no spread (from -1 pip). A commission of $6 per lot is due, and the maximum leverage can be set to 500:1. You get a direct market execution from an initial deposit of $1000.
  • Unlimited Account: An account type similar to the Standard Account, but with smaller, floating spreads starting from 0.2 pips. Available from $500 deposits with a leverage of up to 500:1.

A comprehensive comparison table of the different settings and features for each of FBS’ account types is presented below:

TECHNOLOGY

In Summary

  • MetaTrader 4 (MT4)
  • Proprietary FBS Trader
  • MetaTrader 5 (MT5)
  • FBS Copy Trader

FBS clients are welcome to use the popular MT4 trading platform or can select its younger brother, MT5. Both trading platforms are available for all six account types.

Both platforms can be used with desktop computers or as a browser-based webtrader. Mobile trading is available for all common Android and iOS devices.

Both MetaTrader platforms allow for a wide range of leverage and trade execution without requotes. The full set of MT’s standard features are available, such as the use and implementation of expert advisors (EAs), micro-lot trading, one-click trading and an embedded news section. Technical analysis tools, including 50 indicators and charting tools with three types of charts, are at hand as well as the option for VPS service support.

FBS further offers the MetaTrader 4 MultiTerminal, which is a multi-account-management solution for MT4. With this terminal, account and money managers have the ability to manage multiple trading accounts simultaneously under one portfolio. The status of open positions and pending orders can be monitored and controlled via this tool. Quotes and news are received in real time just like on any MetaTrader account.

FBS Trader is the broker’s new, proprietary trading platform. The broker highlights that this trading platform is as powerful as the popular MetaTrader platforms but simpler to use.

The FBS Trader is available for download on desktop computers or as a mobile platform for Android and iOS devices. It offers real-time stats and a smart interface for editing orders and account settings in just a few clicks.

FBS CopyTrade Platform:

FBS jumped on board of the popular social trading train with their FBS CopyTrade platform. It is a copy trading platform where traders can automatically replicate (copy) the strategies and trades of other traders.

CopyTrade enables all types of traders to engage in the financial markets and invest in professional or more experienced traders. The broker provides a list of advanced traders displaying their general profiles, generated returns in a given period, number of copiers and copy-fees charged. A trader can then check the statistics of the relevant traders and select those they want to follow or to copy.

On the other hand, experienced traders can set up their accounts to allow copy trading and specify a commission percentage that they wish to charge. This can serve as a major source of income for successful traders as they can earn huge commissions from a potentially unlimited number of copiers. FBS CopyTrade is available as an Android and iOS app, which can be downloaded and installed from the respective app stores.

A free VPS service is available to those clients that meet the conditions of depositing at least $450 and trading a minimum of just 3 lots per month. A VPS is a tool that most professional traders use to stay online and connected to the trading servers anywhere and anytime. Especially those traders using Expert Advisors (EAs) as well as high-frequency traders that require a stable and fast server connection where slippage is reduced to the absolute minimum should consider using a VPS.

FBS further offers an informative market analytics section that includes Forex News, Daily Market Analysis and Forex TV, a section with short videos of news and reviews about the world of Forex.

Execution of Speed Comparison

PEPPERSTONE
THINK MARKETS
OANDA
IC MARKETS

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

CUSTOMER SERVICE AND CLIENTS SUPPORT

In Summary

  • 24/7 customer support
  • Global presence with large client base
  • 6 account types to choose from
  • Demo account option available

Customer support service at FBS is available 24/7, a significant advantage given that most other brokers only offer 24/5 support. Support is available in 19 different languages including Arabic, Chinese, Malay, Thai, Korean, Indonesian, Russian, Laotian, French, Italian, Spanish and Portuguese. Localized support services are available for traders in China, Egypt, Indonesia, Korea, Malaysia, Myanmar and Thailand.

Worldwide, more than 5 million traders from over 120 countries have already chosen FBS’ services and registered a trading account with the company. The company has won tons of industry awards and is ranked as one of the top Forex trading providers in Asia.

Both new clients to FBS and established traders have access to the multitude of promotions and bonuses on offer. These bonuses and promotions include a $123 no deposit bonus (welcome offer that is available to clients from selected regions only), 100% deposit bonus “trade 100 bonus” and many more.

In addition to providing a news and info section, the company also offers in-depth insight and education on all Forex and trading-related topics. This includes webinars, seminars, videos, guidebooks for traders and much more. Both newbies and professional traders can significantly benefit from this wealth of insider information.

An economic calendar, Forex market news, daily market analysis and Forex TV are all accessible via the Forex broker’s homepage fbs.com.

For the more serious or professional traders who have funded their account with at least $10,000 and traded a minimum of 50 lots, FBS offers an individual VIP approach through which clients benefit from consultations with a dedicated account manager, priority deposit and withdrawal processing, and gifts.

All customers can choose between six distinct account types that vary in terms of leverage, minimum deposit amounts, starting spread levels and other features, as shown above.

The available trading products include 35 currency pairs, 4 metals, 3 CFDs, a small selection of stocks from around the globe and 4 cryptocurrencies.

Even though other forex brokers offer a more extensive portfolio of trading tools, FBS’ selection of trading tools represents a solid and sound variety that is especially beneficial for a more targeted trading approach that focuses on Forex and cryptocurrency trading.

To get started and test FBS’ overall trading conditions, we recommend to open a demo account first. This option is free of charge with the broker for both MetaTrader 4 and 5 platforms.

One of the negative FBS Broker experiences is that charges are generally levied for payment transactions with the exception of credit cards or bank transfers. The deposit fees for this vary between 0.8 and 7.5 per cent.

The fees for withdrawals via e-wallet are also quite high. Traders should, therefore, use a credit card wherever possible. For transfers to bank accounts, a flat fee of $30 is charged. This also applies if part of the payment is booked to the credit card. If the payout exceeds the amount previously paid in with the credit card, the difference in excess will be transferred to a bank account of the trading account holder. Payments to third party accounts are not possible here either.

Available deposit / payment methods include:

  • credit card and debit card (Visa only)
  • Neteller
  • Skrill
  • Stic Pay
  • Perfect Money
  • bitwallet
  • Bank wire transfer

With the online broker FBS traders have a chance in competing in various contests and trading tournaments. Prices include exclusive products such as cars, electronic devices, vacation or cash.

Clients looking to invest in experienced traders instead of trading themselves will find the FBS CopyTrade platform interesting. Retail investors can join a network of traders and copy their strategies and trades for a commission set by the individual traders. Typical commission charges vary between 10 and 30% of the trading profits generated by the trader. Followers have access to information and statistics of all available traders. These stats an be viewed and compared at any time.

On the other hand, successful traders have the opportunity to present their trading portfolio and offer to being copied to the FBS network of investors. For each investor following their strategy and copying their trades these strategy managers earn extra commission from successful trades.

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