Is FBS a Scam

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FBS Review

Leverage: 1:30

Regulation: CySEC

Min. Deposit: 10 EUR

HQ: Cyprus

Platforms: MT4, MT5

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.

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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

Overview

The company FBS was founded in 2009 and today it’s among the most popular brokers of the world. The company has managed to become the favorite currency trading solution for many traders around the globe.

Details

Broker FBS
Website URL www.fbs.com
Founded 2009
Headquarters Russia, St. Petersburg, ul. Professor Popov, 37
Support Number 8-800-555-444-2
Support Types Chat, phone, call back, email
Languages English, Japanese, Turkish, Portuguese, Korean, German, etc.
Trading Platform MetaTrader 4, MetaTrader 5, WebTrader
Minimum 1st Deposit $1
Bonus Bonus for the first deposit 100%
Leverage 1:3000
Spread from 0 points
Free Demo Account Open Demo
Regulated
Regulation IFSC (№/60/230/TS/17), Cysec (№331/17)
Account Types Standard, Cents, Micro, Unlimited, Zero Spread, ECN
Deposit Methods Credit/debit cards, bank transfer, Skrill, CashU, OKPAY, RBK Money, QIWI, FBS Master Card, Neteller, Yandex.Money, Ru, Webmoney, etc.
Withdrawal Methods Credit/debit cards, bank transfer, RBK Money, QIWI, FBS Master Card, Neteller, Yandex.Money, Webmoney, etc.
Number of Assets 40+
Types of Assets Currency, metals, CFD, Crypto-currency (Bitcoin, Ethereum, Litecoin, Dash)
Account Currency USD, EUR
US Traders Allowed
Mobile Trading
Overall Score 9.0/10

Full Review

Certainly, as their potential customer, you’d like to learn whether this company’s another fraudster or a serious company, full of impressive features, and which provides a functional trading platform and ensures fast withdrawal of earnings. Your curiosity will be satisfied below.

The FBS brand, which is well-known all over the world today, actually belongs to the organization FBS Markets Inc., founded in 2009 by combining several successful dealing centers. The broker’s mission can be defined as follows: the creation and implementation of high-quality services in order to maximize the needs of investors. In 2020, more than 2 million traders joined the company. Since that time the number of clients on the platform has drastically grown and the company is still booming. Undoubtedly, in many respects, this speaks to people’s trust in the organization. Today FBS is represented in more than 190 countries around the world. It successfully cooperates with a wide network of partners (approximately 300,000 companies). Up to 7,000,000 traders make use of this platform on a regular basis. The broker works transparently and honestly, and it pays much attention to the professionalism of its employees. One of its indisputable advantages is constant improvement of the services provided. Moreover, the list of available options for trading is lengthened on a regular basis. On FBS’s official website, the broker rightly notes that its platform ensures convenient and easy trading in the foreign exchange market (here you can learn the whole truth about Forex).

The company offers a variety of high-quality investment and financial services in Europe, Asia and the CIS. It has offices in Egypt, Indonesia, China, Malaysia, Thailand, etc. The prestigious awards the company has won comments on the Internet, including the recommendations of the platform by the clients, testifies to the company’s seriousness Liquidity providers as well as custodians of clients’ funds are represented by such serious financial organizations as Bank of America, Citibank, JPMorgan, Goldman Sachs, etc. Trading takes place with the help of such reliable and sophisticated software solutions as MetaTrader 4 and MetaTrader 5. These platforms have been recognized by traders around the world as the best and most functional because of their excellent functionality. The terminals support the installation of new indicators and advanced trading systems for deep market analysis. They allow the use of pending orders, automatic trading advisers, hedging, scalping, and mobile trading, not to mention the display of the most actual market news. By the way, a convenient trading terminal, WebTrader, can be launched in your browser.

Among the advantages of this Forex and CFD broker, we note the high speed of execution of orders, the absence of slippage, low spreads and the minimum threshold for entering the market ($1). Additionally, it offers free account insurance. Its clients can receive a plastic card to conduct purchases throughout the world. Different assets (metals, CFDs, most popular cryptocurrencies, etc.) are available to the company’s clients. To ensure that trading is a simple and understandable process for users, FBS organizes free seminars for both newcomers and experienced traders, provides high quality materials, profitable Forex strategies (learn here how to choose a Forex broker), and market analytics. The company has a convenient website, full of useful information. It’s translated into many languages, which makes it more comfortable to work with.

Replenishment and withdrawal of funds

The CFD and Forex broker FBS has gained wide popularity in many areas due to a careful and substantial approach to its services. The company has done a lot to make interaction with the site comfortable and profitable. Different payment systems can be used for transactions in the system.

Methods of replenishment /withdrawal of funds include:

  • Bank transfers (Visa/mastercard),
  • Electronic payment systems (NETELLER, Skrill, PerfectMoney, OKPAY, Astropay, etc.),
  • Crypto assets (Bitcoin, mybitwallet).

The terms of transaction range from 15 minutes to 5 working days, depending on the service that the trader uses.

Complaints about FBS

FBS is a popular broker. It’s actively used by a large number of traders, so you can find a lot of reviews about it on the Internet. As for the most positive comments, the clients of the platform note the excellent reputation of the broker, favorable conditions, rapid execution of transactions, the availability of insurance, demo trading, interesting bonuses and contests, as well as adequate spreads, fast and simple withdrawal of earnings without delay (including cryptocurrencies), and qualitative analytical materials.

Some traders recommend the company as one of the best on the market for reliable and stable cooperation with a possibility to earn a decent income. Also, a manager works online on behalf of the organization. He studies the comments of traders and answers their questions, which proves how crucial it is for the broker to be in touch with its clients.

Among the negative aspects, traders point to feedback issues (long wait time for answers from the support service), delays in withdrawal of funds, trade in scalping (slow execution of orders), unprofessional managers and long verification.

If we find complaints about FBS, we will post it on social media. Follow us to be well informed:

Is FBS a scam?

FBS is an impressive international organization with extensive experience. Today it can be rightly called a leading Forex/CFD broker. Representation in more than 190 countries of the world, cooperation with more than 7,000,000 traders in Asia, Europe, Russia, etc. – all of this clearly speaks about the fact that investors trust their money to this market leader. The brand has an active position and many prestigious awards. Offering a variety of unique opportunities and favorable conditions to its clients, the organization doesn’t grow stagnant. It proceeds with its mission: to satisfy the needs of investors, constantly develop, improve services and ensure stable and comfortable trading.

Favorable working conditions are the first thing that traders from all over the world notice on this site. Traders enjoy low spreads from 0.2 points, comfortable leverage up to 1: 1000, fast execution of orders, no slippage and a low entry threshold (from $1). For trading, only up-to-date financial instruments are available: Forex, CFD and digital coins (learn here how to quickly earn on crypto assets). A well-built service is the next advantage of the company. Traders appreciate the company’s informative website, a large choice of transaction options, professionalism of the support service, materials provided, and relevant market analysis. The training process is also well organized here: the site materials are constantly updated and free seminars are held, which would be useful to any trader regardless of his or her trading experience.

It’s crucial for a leading broker to offer its clients such attractive options as automatic trading, scalping and hedging. For its users the company has come up with the best solutions: the trading process takes place in the time-tested terminals, highly praised by traders around the world (Metatrader 4 and Metatrader 5). Of course, the FBS broker needs to do everything to ensure that its clients feel secure while working in the market, so the issue of regulation of the organization is of supreme importance. Today the company has been licensed by serious financial bodies (IFSC, Cysec), which increases its credibility in the eyes of users and proves that it’s not a fraudster but rather a reliable and trustworthy trading platform.

The company is quite popular with traders. There are a lot of reviews about it on the Internet, and most of them are positive (as a rule, traders praise the company’s high reputation and its extensive experience, favorable conditions, high quality services and many useful options). Of course, there are also negative aspects of the platform, which mainly relate to problems with the withdrawal of capital, unprofessional managers, long verification, etc. Do note that a representative of the organization works online, analyzing the comments of the clients. This proves that it’s important for the company to see the real problems that users of the service face. Of course, you’d like to know whether we should regard FBS as another scam or not. Well, having thoroughly studied the capabilities of the platform, today we can confidently say – no! This decision was influenced by the impressive experience of the company, the constantly growing number of customers, a lot of useful options, the presence of regulation, and highly responsive support managers.

Regulation of FBS

The broker belongs to FBS Markets Inc. (registration number: 119717). It’s important for the company to provide its users with a reliable working platform, so the issue of regulation is taken very seriously. Today FBS has the licenses of the following financial bodies: IFSC (No./60/230/TS/17), Cysec (No. 331/17).

Conclusion

Today the Forex/CFD broker FBS is the undisputed leader in the market. It’s a trustworthy international organization with a wide range of work experience, many prestigious awards, and an impressive number of clients all over the world. The constantly growing popularity of the broker can be explained by its thoughtful and high-quality service, the provision of really profitable terms of trade, a rich choice of assets, unique options, and its adherence to regulation. Undoubtedly, all of this attracts new customers to the platform.

On the platform traders can work with the most popular financial instruments – crypto assets (here you can read the whole truth about digital coins), Forex, CFD – so a decent income is guaranteed. For high-quality work, traders can use the company’s highly informative website, where they can find analytics as well as training materials. Right now we won’t label FBS as a scam, but we’re waiting for feedback from traders about the platform. This feedback might warn investors aboutt various issues, which might show up on the platform in the future and also impact the company’s rating on our web portal.

FBS is scam

davidnguyen

Recruit

I made a money on FBS. When I’m profitable but they do not want to send money to me.

It’s funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

FBS Official Rep

FBS Representative

I made a money on FBS. When I’m profitable but they do not want to send money to me.

It’s funny when they say they do not have enough money.

I made withdrawal 36$, but till today I have not any funds on my bank account.

We would like to clarify the situation here.
First, we would like to draw your attention to the fact that your bespoken account is 50$ bonus account.

Please, kindly be reminded that according to the 50$ bonus promotion conditions:
Each client/computer/IP can open only one “Bonus 50” account. It is prohibited to work through proxies or using any IP-address modifying software. Opening the second Bonus $50 account is impossible even after bonus funds are charged off.
Upon suspecting fraudulent activity on the Bonus account, the company reserves the right to deduct the entire bonus amount and profit made with the Bonus account without notice. In this case, the decision is beyond contestation.
Unfortunately, it has been found out, that your bonus account has violated the bespoken promotion conditions, that is why your bonus account has been blocked.
Also, we would like to inform you that each account is submitted to a very thorough examination, which includes more that just searching for the matching IPs.
However, you are still eligible for our other bonuses, such as the bonus 100% on deposit, for example, where you may receive a 100% bonus of your deposit amount, for every deposit you make.

Thank you for your kind understanding!

davidnguyen

Recruit

FBS Official Rep

FBS Representative

Can you kindly clarify, what you feel is a lie? I’ll be happy to explain.

davidnguyen

Recruit

FBS Official Rep

FBS Representative

If there is anything else I may help you with, please let me know.

@FxMaster Since the client clearly violated the promotional conditions and is unable to provide further information for his case, I ask you to resolve this discussion.

davidnguyen

Recruit

I have two questions hopefully you will be able to help me:

1- Where your policy on the promotion conditions page?
– I only see this reason: “FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;”

2- Even my real money account can not be withdrawal

(This is the proof) :

Note: I do not want to give scamer my Visa Card information

FBS Official Rep

FBS Representative

I have two questions hopefully you will be able to help me:

1- Where your policy on the promotion conditions page?
– I only see this reason: “FBS reserves the right to refuse a client in bonus granting with no reasons given or without prior notification;”

2- Even my real money account can not be withdrawal

(This is the proof) :

Note: I do not want to give scamer my Visa Card information

Of course, I will be happy to help.

1. You may view the full list of promotional conditions in your personal area, by following this link: https://my.fbs.com/bonus/bonus50 and I am also attaching the screenshots of the conditions. For your convenience, I also highlighted the promotional clause that you violated.

2. In regards to your funds’ withdrawal. Please refer to the customer agreement. https://fbs.com/docs/agreement_en.pdf Clause 5.2.7 states:

5.2.7. If an account was funded via debit or credit card, a card copy is required to process a withdrawal. The copy must contain the first 6 digits and the last 4 digits of the card number, cardholder’s name, expiry date and cardholder’s signature.

We would like to remind you, that Visa/Mastercard is a payment system, that allows only a refund of the deposited funds.
This means that you may withdraw back to your card, up to 100% of the initial deposited amount via credit card.
The amount over the initial deposit (profit) can be withdrawn to other payment system.

Kindly note, that you can cover your CVC/CVV code on the back side of the card, on the back side of your card we need to see only your signature since without it the card is considered invalid.

We hope we have managed to clarify all misunderstandings.
Please let us know if you need additional support.
FBS Official

Attachments

4evermaat

2nd Lieutenant

This is exactly why ESMA and similar jurisdictions ban or discourage bonuses. They are designed to confuse or trick traders into making deposits and create a confusing environment in which they can issue withdrawals.

Bonus aside, the client should still be entitled with withdraw of all deposits +/- profits or losses. Why some brokers go out of their way to have confusing conditions for their clients is beyond me. But then again, I try to avoid bucketshops.

edit: why would you accept a deposit without making sure it was fully cleared first? That is AML 101. There should be 0 problems with withdrawal, because all of this information was supposed to be requested upfront.

FBS Official Rep

FBS Representative

This is exactly why ESMA and similar jurisdictions ban or discourage bonuses. They are designed to confuse or trick traders into making deposits and create a confusing environment in which they can issue withdrawals.

Bonus aside, the client should still be entitled with withdraw of all deposits +/- profits or losses. Why some brokers go out of their way to have confusing conditions for their clients is beyond me. But then again, I try to avoid bucketshops.

edit: why would you accept a deposit without making sure it was fully cleared first? That is AML 101. There should be 0 problems with withdrawal, because all of this information was supposed to be requested upfront.

We are happy to hear out your opinion on this matter. Though we beg to disagree. Please, kindly take into consideration, that 50$ bonus doesn’t require any deposits. The profit from this bonus can be withdrawn after 2 lots are traded, and profit reaches over $25. Depositing to the bonus account is available, but not obligatory.
Also, all conditions are available for review before opening bonus account, i.e. a client can read them beforehand and decide if they fit his/her criteria or not. Also, we may assure you that we never tried to “confuse conditions” and bespoken condition was from the very beginning of the bonus launching.

As for withdrawal, you are absolutely right – a client should be able to withdraw his/her deposited funds, and as you may see, the customer was not prohibited to withdraw his deposit, we just asked him to provide the documents for security reasons and withdraw to the payment system, which was used for deposit. Again, we beg to disagree with your point of view that the company must request card scans upfront. The company must give notice to the customer, that the documents will be required, and in our case any client can find such notice in the Customer Agreement. Upon reading which he/she can decide if he/she wants to provide such documents and, therefore, deposit by card or not.

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