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FBS Broker Review
FBS is an international broker working in 190 countries all over the world. The brokerage company has been on the market for more than 10 years and during this time it has earned about 40 international awards.
It is regulated by CySEC under license number 331/17 and provides flexible conditions for trading in the Forex market. Besides classical currency pairs, the company’s clients can trade indices, futures contracts, exotic currencies and metals. FBS is especially popular in Asian countries, such as India, Malaysia and Indonesia.
- Account currencies: EUR
- Minimum Deposit: 1$
- Leverage: 1:500
- Legal: FBS is owned and operated by Tradestone Limited, registration number HE 353534, authorized by Cyprus Securities and Exchange Commission, license number 331/17.
- Trading Instruments: Forex, Indices, Metals, Futures Contracts.
Account Types
When opening an account, you can choose between a standard account, a crypto account and a cent account, which is ideal for beginners due to the much lower requirements and risks.
Cent Account
Beginner traders engage in Forex trading or copy trading by signing up for an FBS Cent account. Users need to make an initial deposit of just 10 Euros to start trading on the low-risk markets.
On the Cent account the initial balance is displayed in cents. Users are recommended to try out their new trading strategy and swing strategy on the Cent account, before entering the real market with big sums.
The account allows traders to trade small lots up to maximum leverage of 1:500. The Cent account is designed for trading all types of assets.
Standard Account
This type of account is designed for experienced traders and investors who seek high returns from the foreign exchange market. Spreads are competitive and there are no commissions charged by Forex brokers. A standard account at FBS broker allows traders to trade with a leverage up to 1:500 and offers interesting bonuses.
Trading instruments available for trading through this account include forex, energy, stocks, precious metals and indices. You can also open a standard account on the MetaTrader platforms and trade on a free demo account.
Crypto Account
Traders looking to trade various cryptocurrencies with low spreads can sign up for an FBS crypto account. Trade bitcoin, Ethereum and altcoins with a 1-point floating spread.
Cryptocurrency markets offer over a hundred financial instruments to trade and invest in. FBS broker allows you to trade cryptocurrencies with low spreads and fixed 1:2 leverage, with convenient deposit methods.
FBS commissions are usually built into the spread, which means that you will pay the spread for each order, plus take into account overnight commissions, inactivity fees and withdrawal fees, if applicable. See the commission comparison chart below.
In addition, you should always count on FBS for overnight or swap commissions if you use a swing strategy and hold positions longer than one day.
Deposit and Withdrawal
The company requires an initial deposit of 10 euros on Cent account and 100 euros on Standard account. While working with FBS, we were happy to see a low minimum deposit of $1 on the Crypto account.
Several deposit and withdrawal methods are available including bank transfer, Visa, Maestro, Mastercard and electronic payment systems such as Skrill, Rapid Transfer and Neteller.
Deposits are instant for all methods except bank transfers and withdrawals take up to 48 hours. Deposits and withdrawals are commission-free, but your bank may decide to charge a fee.
Identification documents may be required to complete a transaction.
Trading Instruments and Platforms
The broker offers a wide range of assets. Such as:
- Forex – 28 standard pairs plus 16 exotic ones.
- Metals – two precious metals: gold and silver
- Indices – 10+ monetary indices including NASDAQ
- Stocks – lots of U.S., UK and German stocks
- Energy – WTI oil, Brent oil and natural gas.
Cryptocurrency – tokens are available through the FBS Trader app. Cryptocurrencies can be traded directly and through 60+ pairs – crypto/metal, crypto/crypto or crypto/fiat, such as BTC/USD and LTC/USD.
As for the trading platform, FBS remains at the high level of the industry and provides a powerful platform for order execution, through the market leader MetaTrader4, also available for selection the newer version of MetaTrader5 and its own FBS Trader.
MetaTrader 4
MT4 is the market-leading platform that FBS clients can download for their PCs. The trading platform includes a range of features:
- One-click execution and copy trading
- EA service and APIs
- Wide range of technical indicators and charting tools
- Support of clients using Virtual Private Server (VPS)
FBS global branch also offers MT4 MultiTerminal, allowing clients to operate with several accounts at the same time.
MetaTrader 5
The broker has also added MT5 integration to its portfolio. This platform is an MT4 upgrade with more versatility and offers the following:
- Hedging and netting
- Market depth view
- More technical indicators
- More order types and timeframes
MT4 and MT5 are also available without download from any browser using the WebTrader solution. This service works on all operating systems and has all the features of the original software.
FBS Trader
Investors can trade cryptocurrencies, stocks, gold and forex as well as other markets. Real-time price alerts and market tracking make it easy to follow trends while on the go. We were satisfied with instant deposits and withdrawals as well as easy-to-use interface that allows you to change account and order parameters in a few clicks.
Overall, FBS Trader is a good option for beginner traders, offering a convenient trading terminal available 24/7.
Is FBS a good broker?
We consider FBS to be a high-quality Broker. The range of account types, platforms with advanced instruments and convenient client support provide good trading conditions. While trading costs are among the lowest for Forex instruments, the execution model presented by FBS Markets as STP Broker also works well on the provided platforms.
Nevertheless, there is a need for some improvements, such as launching more trading instruments and removing geo-blocking restrictions. Nevertheless, FBS brokerage company is highly recommended both for beginners and experienced traders.
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