FBS review and tutorials

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Detailed FBS Review 2020: Forex, CFD'S and Crypto Regulated Broker

FBS is a Forex and CFD broker offering trading on Forex, Indices, Stocks, Metals and Energies on MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for Windows , Mac, Mobile, Android and iOS with a maximum leverage of 1:3000, copy trading services and a number of incentive promotions.

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FBS trading information

Bonus
No
Instruments
Forex, CFDS, Stocks,
Demo Account
Yes
Min. Deposit
1$
Min. Trade
0,01 lots
Regulated By
ESMA, CySEC, IFSC
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
No
Islamic Account
No
FBS-logo

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official FBS Registration

What is the FBS?

FBS has been established as an international broker serving clients from over 190 countries since 2009 and has demonstrated its expertise in the Forex market with numerous prestigious awards and state-of-the-art technologies. While the broker had only been established in Belize at the very beginning, lately, FBS had also become a Cyprus broker. It undoubtedly allows the extension of its operation to the European population for both newbies and experienced traders.

Regulated, set by the European legislation environment brought useful resources to a broker with valuable tools and fully authorized trading service, which push FBS development even better. Further in our analysis of the FBS, we will cover the terms of its trade proposal and see if they are competitive.

ProsCons
Long years of operationLimited trading instruments
Globally recognized with multiple industry awardsProtective measures and trading conditions vary according to the entity
Active social campaigns
Both MT4 and MT5 offered
Copy Trading capabilities

Awards

Over the years of its successful operation, FBS has won over 40 international awards that recognize it as a Transparent Broker with Best Customer Service.

Is FBS trustworthy or a scam?

FBS is a brand name used by Tradestone Limited, a Cyprus registered company, MiFID and EU regulated investment firm registered with CySEC.

Additionally, some FBS organizations are based in the Marshall Islands and Belize, which are offshore areas that do not really appear to be trustworthy on their own. Belize ‘s local regulator, the International Financial Service Commission or the IFSC, primarily licenses companies rather than controls them.

Together with the European CySEC Regulation, it makes FBS a broker that complies with regulatory requirements and therefore offers reliable trading conditions.

ProsCons
Regulated broker with long years of operationOffshore entities in Belize and Marshall Islands
Negative balance protectionProtective measures vary according to the entity
Global expand

How do they protect clients?

n fact, trading with a regulated broker that complies with strict standards is the most important step before you register with any trading company. In this matter, FBS, with its license obtained and compliance with the MiFID Directive, has strict rules on money protection, while FBS holds traders’ funds in separate accounts, rendering them unreachable for any other company’s use, as well as improving capabilities and Negative Balance Protection.

In addition, the Cyprus Investment Firm FBS is part of the Compensation Scheme, which covers the assets of the client in the case of insolvency of the broker.

As a result, and because of its obtained license compliance with the MiFID Directive, there are stringent guidelines for money security, while FBS holds traders’ funds in segregated accounts, rendering them unreachable for any other company use and with Negative Balance Protection. In addition, the Cyprus Investment Company FBS is part of the Insurance Program.

Leverage

Clearly, leverage levels increase your trading size by allowing you to multiply your initial balance, creating vast opportunities for higher earnings.  Provided leverage based on some factors including your level of expertise, residence, and an instrument you trade.  Therefore:

  • Trading with a European entity You may use a limit of 1:30 leverage for major currency pairs,
  • International FBS can offer high leverage ratios up to almost incredible 1:1000 or even 1:3000.

But always make sure you learn how to use leverage smartly, not just to win, but to reduce the risks of losing your money quickly. Nonetheless, the highest leverage is associated with a high risk of losing, which may not be the best option for very beginners.

Account

All FBS account types offer both demos and live trading accounts that give you exactly what you need, regardless of the level of experience. Demo Account is highly recommended for beginners and if you would like to check the FBS Forex trading environment.

ProsCons
Fast account openingTrading Account types vary according to FBS Forex entity
Easy switch between Demo and Live Accounts
Standard and Cent Accounts
Very low minimum deposit

Types of accounts

There are two possibilities to choose from while opening an account: the Standard Account and the Cent Account that is the perfect option for beginners due to their much lower requirements and the risks involved. Nevertheless, in view of the fact that FBS operates through two EU and International entries, the terms and conditions and trade proposals that differ.

At the same time, international traders can sign up with an attractive opportunity of 5 account types and very high leverage up to 1:3000, deposit rewards, cashback incentives, and much more. But, make sure you learn all the risks involved with high leverage and use of incentives as well, there is always a risk of loss involved in trading.

How do I open an account?

Opening an account with FBS is not a very complicated process if you will follow by the simple steps:

  1. Enter all your info, including your name, email, phone, etc.
  2. You will receive a confirmation link to your email address to follow the process.
  3. You can start the demo account at this stage when you have access to your online account management.
  4. Define the type of account you want to open and choose your specific currency.
  5. Please specify your trading experience and expectations with the online questioner.
  6. Upload proof of address, identity, etc (as per regulatory requirements)
    Select Send, it takes a few working days to review your documents and account.
  7. Follow with money deposit
  8. Decide whether you want to trade FX products, stocks, or other things and start trading.

Fees

The crucial factor in your choice of broker is the fee structure because you usually pay spreads for every order you take, overnight fees, inactivity fees and withdrawal fees, if applicable.

ProsCons
Available options between only spread account or commission charge through ECN AccountAccount types and fee conditions vary according to FBS entity
Low CFD fees
Average Forex fees
No additional costs

Our notes

Since there are two types of accounts, you will either have the option of trading with a Regular spread account starting from 1 pip or trading with a Cent account that will be provided with a tight spread. Therefore, the average spread on the standard account for a pair of EUR USD is 0.9, and the spread of Cent Account EUR USD is 3 pips.

The international offering is different as there are ECN accounts available with a raw spread and a commission fee per unit.

See below for more examples of some spreads and conditions, contract requirements, rollovers, and compare FBS fees to another Exness broker.

Overnight fee

Also, you should always count on the FBS overnight charge or swap if you have a swing strategy and hold positions longer than a day. Every instrument has its own ratio, which you can see as an illustration above or test directly from the board.

Trading instruments

FBS provides transparent trading conditions through the use of popular instruments, including Forex, Metals, and all connected by split-second execution through the STP model. FBS also invests in technology that makes the trading process smooth and easy, combined with the powerful execution it offers

There are about 40 currency pairs, including exotic ones, and 6 CFD-based trading indices along with Metals and Energies. But if you prefer trading Stocks, Futures or a wider range of instruments, you ‘d better consider other brokers as well.

Types of payment

So, in order to start live trading, you should obviously deposit money, while FBS offers a range of the most used and popular payment options from an impressive range of over 100 payment systems. However, this could only apply to the foreign FBS agency, since the EU regulator is also demanding a strict money transfer policy.

ProsCons
Fast digital depositsNone
10$ as a first deposit
Multiple Account Base Currencies
0$ deposits and free withdrawals

Deposit

As we can see, there is a range of deposit options offered in the FBS package. These include the most common ones available to the FBS CY entity and much more to its foreign branch.

  • Visa and MasterCard
  • Neteller and Skrill e-wallets
  • Wire Transfers

What’s the FBS Minimum Deposit?

FBS allows trading through the Cent account with only $10, which is a fantastic option for starting traders. Standard Account still only requires an initial deposit of $100.

Money withdraw

Withdrawal of money is not a complicated process. You need to reach the management area of your trading account and submit a withdrawal request. Usually FBS process withdrawals within 1-2 business days.

FBS charges a $0 fee for both withdrawals and deposits. However, always check with your payment provider directly if any fees are deferred depending on your country of origin.

Platforms for trading

As the majority of STP, technology-based, and best Forex brokers, FBS is the mainstay of the high industry and provides a strong platform to complete orders, through the market leader – MetaTrader4. As a plus, is also possible to choose the newer version of MetaTrader5 and proprietary FBS Trader.

ProsCons
Best Forex Platforms MT4 & MT5None
Proprietary FBS Trader
Easy to use and learn
Copy Trade and Technical Indicators
No restrictions on strategies
Available in various languages

Web trading

Web Trading is very easy because you don’t need to download or install any software, just log in online via a browser that you can trade in instantly. However, the Web trader usually offers fewer resources or customizes parameters and is a very simplified version of the website.

General

It is a fact that MetaTrader charting does not need introduction or acknowledgment it is the most prestigious concept in the world. Easy searching, overlooking, or analysis is filled with detailed tools and features, but even for very beginners, it is very understandable.

The MT4 Platform delivers a wealth of features, advanced charting, and configuration along with auto-trading capabilities when available for PC or MAC, Android, or iOS devices, making it available anywhere or anywhere.

Desktop

MT4 is also available as a desktop platform that is more suited for active traders and practitioners due to its wide range of add-ons and options.

In addition, if you are dealing with an international FBS entity, you will also be given an upgraded version of MetaTrader5. This site is even higher in terms of its strengths, innovative features, and enormous trading opportunities.

Mobile

Of course, all of the platforms offer a mobile trading app, so you can keep trading under any conditions and on the go.

Eventually, FBS Trader is a web app or CopyTrade App that is a highly rewarded and respected social trading platform that allows business professionals or strategies to adopt, which is a fantastic opportunity for investors or beginners to learn better.

Trading indicators

In addition to the progressive functions of the MT4 as we have found in the FBS Analysis, you will enjoy daily technological and fundamental analysis data that is delivered to the news section. Along with more than 50 technical indicators, one-click trading, the ability to create and use EAs without restrictions, and even trade with support for VPS services.

Customer Support Service

Another argument to be acknowledged is the customer support provided by FBS. Since the broker has put its focus on good support and guidance particularly for novice traders, you will find that FBS Customer Support is available 24/7 via live chat, international phone lines, email, or even social media.

Definitely, FBS stands at a level of quality support that is always well thought as required by your trading process. FBS is a customer-oriented and gives relevant and fast answers.

ProsCons
24/7 client supportNone
Quick response and Relevant answers
Live Chat, International Phone Lines and email supported

Education

There are numerous educational materials and programs organized by FBS designed to enhance trading capabilities and, of course, to understand the importance of good knowledge in the trading of stocks.

This is an especially good point for beginning traders, as you should first understand the industry well, practice strategy through the Demo Account, which is available on an unlimited basis, and then move to Live Trading.

At the FBS learning center, you can find a variety of webinars, Forex guidebooks, various tips for traders, video lessons, and glossary materials. Overall, FBS education is very affordable and well structured, and you will also find other good tools, like research and analysis, that is very important at any point in your experience leve

ProsCons
Forex Education provided by FBSNone
Free Tips for Traders
Webinars and Video Lessons
Market Outlook

Research

Apart from the research tools that the MetaTrader platform is filled with, you may have access to additional knowledge that FBS offers to help its traders.

You will find a very well built Forex Calculator right on the website, an Economic Calendar to track news, and a currency converter for easy calculations. In addition, FBS provides in-house Daily Market Analysis and runs Forex TV, where all the news and freshest up-to-date streams for your better knowledge.

ProsCons
Economic Calendar, Forex Calculator and ConvertersNone
Trading Ideas available with copytrade and social trading capabilities
Daily Market Analysis and Forex News
Exclusive technical indicators
Forex TV

Conclusion

FBS is a brokerage firm that focuses on fair trading services and provides any trader with an opportunity, regardless of the level of experience or even the size of the investment. The selection of account types, applications along with advanced tools and easy customer support makes it possible. FBS also maintains a common and fairly good reputation among traders, while FBS also actively participates in social activities and is a respected official trading partner of FC Barcelona.

Also, beware that the FBS EU bid is different from the international one, so make sure that you choose the right conditions for you.

While the trading costs are also among the average, there is no confusion as a result of the company’s FBS Markets execution model as an STP broker.

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CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

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