FBS Review

Details

Broker FBS
Website URL https://fbs.com/
Founded 2009
Headquarters Belise
Support Types Live support
Languages 18 languages
Trading Platform MetaTrader 4| MetaTrader 5| FBS Trader
Minimum 1st Deposit $0, $100 no deposit bonus
Minimum Account Size $0
Minimum Trade Amount 0.01 Lot
Bonus 100% Deposit Bonus
Payout 93
Leverage up to 3000:1, the highest in forex Market
Spread Starting from 1.2
Free Demo Account Yes
Regulated Yes
Regulation IFSC and CySEC
Account Types Classic , ECN , Micro , Cent , 0 Spread
Deposit Methods Credit Card, Neteller, PerfectMoney, Skrill
Withdrawal Methods Credit Card, Neteller, PerfectMoney, Skrill
Trading Methods All trading methods are accepted
Types of Assets Forex, Metals, CFD, Stocks, Forex Exotic
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 94

Pros

  • Broker is regulated by CySEC and the IFSC
  • Access to investor compensation in case of broker fraud
  • Comprehensive trader education Good variety of research tools
  • Low capital requirements for account opening

Cons

  • Spreads are higher than many retail brokers
  • Regulation of global brand is not as robust as the EU brand

General FBS Review

FBS is an online forex broker with over 12 million traders. The broker has been in the business since 2009 and has been expanding since then. Currently, it is based in over 190 countries. FBS offers many trading instruments that include forex, CFDs, stocks, metals and others.

FBS broker review

The broker was founded in Belize and has been working in Latin America, the Middle East, Asia, and other regions. For 10 years, the broker developed a priceless experience which was the key to enhance a multidimensional service. These services introduced Europen traders in the ligne and crowned FBS as the best forex broker in 2019. The trophy was given by The European Magazine which was specialized – besides economic reviews, leadership tips, and technological updates- in initiating the Global Business Awards.

In this FBS review, we are not revising whether FBS is trustworthy or not, but we are revising its professionalism since the broker won also the most transparent broker in 2018 by Shares Magazine’s UK. In addition, it won the best forex broker in Asia in 2018. The series of titles are long so that we cannot list them all. However, we just give a glimpse to our valuable readers to help them chose the broker they look for.

FBS account types

FBS offers 5 account types. They are Cent, Micro, Standard, Zero spread, and ECN accounts. The account opening balances are $1, $5, $100, $500 and $1000 respectively.”

Type of traders Perfectly suits those who are just starting on their way to success on Forex Ideal for those who want to calculate their profit precisely For experienced market players making their way to Forex heights Designed for those who prefer trading at the fastest speed For those who want to feel the full power of trading with ECN technologies.
Initial deposit $1 $5 $100 $500 $1000
Spread From 1 pip Fixed, from 3 pips From 0.5 pip Fixed, 0 pip From 1 pip
Order volume 0.01 - 1000 cent lots 0.01 - 500 lots 0.01 - 500 lots 0.01 - 500 lots 0.1 - 500 lots
Leverage Up to 1:1000 Up to 1:3000 Up to 1:3000 Up to 1:3000 Up to 1:500
Open account Open account Open account Open account Open account
As far as European traders are concerned, the broker offers only the Standard account. However,  for international traders, the broker offers 5 accounts which were stated before.
As you can see from the table, one the main reasons why traders choose FBS is the very low barrier to enter the markets. The minimum deposit required for an FBS account is $1. Therefore, cent and Micro accounts offer the best opportunity for novice traders to test their strategies.
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FBS bonus 100 Dollars

The broker FBS offers two kinds of bonuses: FBS bonus 100 and FBS 100% on deposit.  FBS bonus 100 is a no deposit bonus. That is to say; you are not required to make a deposit in order to withdraw money. However, this FBS requires that you need to fulfill some conditions which are discussed widely HERE
FBS 100% on deposit accumulate your deposit. In other words, FBS adds the amount of money equal to your deposit in your account. For example, if you made a deposit of 100 dollars, FBS adds another 100 dollars to your account. This bonus is claimed after making a deposit.
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GET FBS BONUS 100

FBS demo contest

“Demo contest allows you to win real money trading only in demo account. The competition is organized each 15 days. To participate CLICK THIS LINK

FBS demo contest doesn’t require to trade a certain lot to withdraw. It requires only to finish the contest with a high balance. The prizes are organized in this way.
  1.  $450
  2.  $250
  3.  $150
  4.  $100
  5.  $50

To read more about the contest, CLICK THIS LINK

In addition to the demo contest, FBS also offers demo accounts where traders can practice their skills.

Besides, this FBS review covers also regulations which we will cover next.

FBS Regulations

 

fbs review- best forex broker

fbs review- best forex broker

In fact, FBS regulations aren’t that sophisticated as the best firms because most trusted brokers are regulated by organizations like the CFTC, NFA, FCA, ASIC, and CySEC. Belize is a tax haven, and the regulatory guidelines of IFSC are still under debate as to whether it can be compared to the more established and highly reputed international regulatory organizations.

Regardless of this debate, FBS, as regulatory directives, keeps traders’ money in separate bank accounts and don’t use it for their own operations. This is done to maintain traders’ investment safe even if the broker undergoes losses.

Concerning The European Union traders, FBS protects them through the Investors’ Compensation Fund (ICF) scheme. In case of broker insolvency, investors should receive compensations up to €20,000

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