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FBS - Online Forex Broker - An Honest Broker Review 2023

At tradingcritique.com, we have conducted a comprehensive review of FBS, an internet-based brokerage firm that specializes in Forex and CFD trading. Our analysis delves deeply into the credibility of the broker, as well as their leverage offering, spreads, and minimum deposits.

Table 1: FBS-Online Forex Broker Overview

FBS Broker Highlights

Account Types

Standard Account
 
Cent Account
 
ECN Account
 
Zero Spread Account
 
Micro Account
 
Crypto Account

Demo account

YES

Islamic Account

YES

Market Instruments

Forex
 
Metals
 
Indices
 
Energies
 
Forex Exotic
 
Stocks

Trading Platforms

FBS Trader
 
MetaTrader 4
 
MetaTrader 5

Minimum deposit 

$1

Maximum Leverage

1:3000

Funding & Withdrawal Methods

Visa, MasterCard
 
E-wallets
 
Wire Transfer

Customer Support

24/7

FBS Broker Review- An Intro

FBS is a global broker with offices in more than 150 countries. It is already the preferred Forex Company of 17 million traders and 410 thousand partners.

Image 1: Home Page in FBS -Online Forex Broker Website

A screenshot of the home page of the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Regulations and Trust ability Review of FBS Broker

FBS is a reputable Forexbroker with a license from the International Financial Services Commission (IFSC), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the FSCA since 2009, making it a trustworthy and trusted broker. It has its headquarters in Belize. It is an official commercial partner of FC Barcelona and an official main partner of Leicester City Football Club. The Negative balance protection is provided by the broker

Table 2: Regulation Details in FBS -Online Forex Broker Website

Entities Name Regulation Country License Number

FBS Markets Inc.

The International Financial Services Commission

(IFSC)

Belize

IFSC/000102/198

Trade Stone Limited

The Cyprus Securities and Exchange Commission (CySEC)

Cyprus

331/17

FBS Oceania

The Australian Securities and Investments Commission (ASIC)

Australia

426359

Trade Stone SA (PTY) Limited

The South Africa Financial Sector Conduct Authority (FSCA)

South Africa

50885

Review of Accepted & Denied Countries of FBS Broker

Table 3: Accepted & Forbidden Countries in FBS – Online Forex Broker Website

Accepted countries Forbidden countries
The United Kingdom
 
Austria
 
Slovakia
 
Slovenia
 
Spain
 
The Netherlands
 
Norway
 
Poland
 
Portugal
 
Romania
 
Liechtenstein
 
Lithuania
 
Luxembourg
 
Malta
 
Croatia
Iceland

Ireland

Italy

Latvia

France

Germany

Greece

Hungary

The Czech Republic

Denmark

Estonia

Sweden

Finland

Belgium

Bulgaria
 Japan
 
 The Islamic Republic of Iran
 
 The USA
 
 Israel
 
 Canada
 
 Brazil
 
 The UK
 
 Myanmar
 
 Malaysia
 
 Israel
 

Review on Awards of FBS Broker

FBS was formed in 2009 and has won multiple international awards.

Table 4: Awards in FBS – Online Forex Broker Website

Awards of FBS

Best Forex Broker Thailand

Best Investor Education - 2017

Best FX IB Program - China 2017

Best Copy Trading Application Global - 2018

Best Forex Broker Asia - 2018

Most Transparent Forex Broker - 2018

Best Forex Trading Account - 2018

Best International Forex Broker

Best Customer Service Broker Asia - 2016

Best FX IB Program

Best broker in Asia-Pacific region - 2015

Best Broker in the Middle East

Best Forex Broker Vietnam - 2019

Top IB Program - 2016

Best Forex Broker Southeast Asia

Most Progressive Forex Broker Europe - 2019

Best Forex Brand Asia - 2015

Best Safety of Client Funds Asia - 2015

Best FX Broker Indonesia

Trading Instruments Review of FBS Broker

FBS offers FX and CFDs on stocks, stock indices, commodities, and cryptocurrencies, among other markets.

Assets of FBS

Forex

Metals

Indices

Energies

Forex Exotic

Stocks

Forex

With a daily turnover of trillions, the foreign exchange market, usually referred to as Forex or the FX market, is the largest trading market in the world.

Metals

FBS trades precious metals such as gold, silver, platinum, and palladium.

Indices

Indices, often known as indexes, track the price fluctuations of a set of stocks over time.

Energies

Crude oil is the most popular commodity in the energy industry. WTI and Brent are the two main crude oil brands that you may trade with FBS.

Forex Exotic

A lightly traded currency is referred to as an exotic currency in the foreign exchange market. Exotic currencies trade in small volumes, are highly volatile, lack market depth, and are illiquid.

Stocks

Stocks are a sort of capital that can be raised by a company issuing and consenting to shares. It refers to the buying & selling of stocks, shares, and equities on a stock exchange.

Table 5: Most Popular Assets in FBS – Online Forex Broker Website

Assets Metals Indices Energies Forex Exotic Stocks Crypto

ACAD

AUDIO

AUDREY

AND

AUGUST

CATCH

CHFJPY

MURAD

EURUSD

GBP AUD

GBPCAD

GBP CHF

NZDUSD

USDCAD

AUGUST

XAUUSD

AU200

DE30

ES35

EU50

FR40

HK50

JP225

UK100

US100

US30

US500

ZBRUSH

XNGUSD

XTIUSD

ENJOY

EACH

AUTRY

USDBRL

USDCNH

USD RUB

USDTRY

USD ZAR

AMAZON

AND

APPLE

COCA-COLA

DELL

DISNEY

EBAY

FACEBOOK

FORD

GOOGLE

INTEL

BITCOIN CASH

BINANCE COIN

BITCOIN

DASH

EOS

ETHEREUM

LITECOIN

NEO

SHIBA

TRON

STELLAR

RIPPLE

ZCASH

Trading Platforms Review of FBS Broker

MetaTrader is the most popular trading platform in the world, with millions of users. MetaTrader 4 and 5 are available for both web and desktop at FBS. In addition to the MetaTrader 4 and 5, FBS offers its own FBS Trader mobile app for mobile trading.

Trading Platforms of FBS

FBS Trader

MetaTrader 4

MetaTrader 5

FBS Trader

FBS Trader is an app for mobile devices which is available in both App Store and Google Play. You may open real & demo accounts, log into existing ones, and track your success on the market with the FBS app. In only a few clicks, you can follow markets and place orders, and invest in Forex, stocks, cryptocurrency, metals, and energy.

Image 2: FBS Trader Platform in FBS – Online Forex Broker Website

A screenshot of the home page of the FBS online broker that shows the information about the FBS Trader platform

Image Copyrights reserved to FBS - Online Forex Broker Website

MetaTrader4

MetaTrader 4 is available from FBS for Windows and Mac, as well as IOS and Android mobile platforms. MT4 offers a trading platform at your fingertips, allowing you to evolve as a trader from anywhere and at any time technical analysis features include 50 indicators & charting tools, one-click trading and integrated news, four types of pending orders, Hedging Icon, Hedging positions, VPS Icon, and VPS service support. You can download the MT4 platform for android, windows, apple iOS, apple macOS, web trader, and MultiTerminal.

Image 3: MetaTrader4 Trading Platform in FBS – Online Forex Broker Website

A screenshot of the MetaTrader 4 trading platform on the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

MetaTrader5

MetaTrader 5 has a broader range of analytical tools, and the ability to trade equities and commodities. It provides technical analysis tools such as 90 indicators & charting tools, one-click trading and embedded news, 6 types of pending orders, VPS service assistance, an economic calendar, hedging positions, and 21 periods. You can download the MT5 platform for windows, android, apple macOS, apple iOS, & web trader.

Image 4:  MetaTrader5 Trading Platform in FBS – Online Forex Broker Website

A screenshot that shows the information about the MetaTrader 5 trading platform on the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Account Types Review of FBS Broker

The account registration procedure is simple and takes less than ten minutes to complete. It provides six different account types.

Account Types of FBS

Standard Account

Cent Account

ECN Account

Zero Spread Account

Micro Account

Crypto Account

Standard Account

The Standard account features ultra-low spreads and no commissions. You may choose the leverage you want (up to 1:3000) and take advantage of our appealing promotions, such as the Level Up Bonus, which offers you up to $140 for free, and the 100% Deposit Bonus. The Forex, metals, indices, energies, Forex exotic, and stocks trading instruments are supported by the Standard account. This account supports both the MT5 & M4 trading platform.

Cent Account

A cent account is a trading account where the balance is presented in cents and transactions are also completed in cents. It implies that if you deposit $10, your account will be credited with 1000 cents. The risk of trading on the Cent account is minimal. The Cent account allows customers to trade smaller lot sizes and start an account with a cheaper initial investment than any other account. To open a Cent account, you simply need to deposit $1. The Forex, metals, indices, energies, Forex exotic, and stocks trading instruments are supported by the Cent account. This account supports both the MT5 & M4 trading platform.

ECN Account

Professional traders who want the best trading conditions can choose this type. Buyers and sellers can trade directly without the use of a middleman with an ECN account. An initial deposit of $1000 is required to start an ECN account. The primary benefits of this account are the fastest market execution, low spreads (from – 1 pip), best quotations with no wait, and a large choice of liquidity providers. The spread upon this ECN account is so tight, FBS charges a $6 commission. This account supports both the MT5 & M4 trading platform.

Zero Spread Account

The key aspect of a Zero Spread account is that it has no spread. Trading with a zero spread will allow you to maximize your profit and produce more accurate income forecasts. Although this account does not require a spread, it does demand a $20 per lot fee. It provides traders with a leverage of up to 1:3000 and a maximum of 200 active positions and pending orders. The Forex, metals, and Forex exotic trading products are supported by the Zero Spread account. On MetaTrader 4, FBS offers the Zero Spread account.

Micro Account

A micro account is the best option if you want to know information about your profit. FBS’s trading tools, such as the Trader’s calculator, and the Micro account may help you assess your profit accurately. It features a fixed spread of 3 pips and leverage of up to 1:3000, making it ideal for individuals looking to acquire expertise and develop trading strategies. The Forex and metals trading instruments are supported by the Micro account. On MetaTrader 4, the Micro account is accessible at FBS.

Crypto Account

If you want to experience the world’s newest and most fascinating asset class “cryptocurrency” the Crypto account is an excellent choice. Due to the significant volatility of Bitcoin, Ethereum, and other digital currencies, traders can profit from price fluctuations. More than 100 instruments are supported by the Crypto account, including coins, coin-fiat, coin-coin, and coin-metals. Only MetaTrader 5 allows you to open a crypto account.

Image 5: Comparison of FBS Accounts in FBS – Online Forex Broker Website

A screenshot that displays the comparison of the FBS Accounts on the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Demo Account Review of FBS Broker

Demo accounts are available for the Cent and Standard accounts at FBS. There is MT4 and MT5 integration, as well as a variety of instruments accessible for practice trading with no deposit required.

Islamic Swap - Free Account Review of FBS Broker

FBS also offers swap-free Islamic accounts that adhere to Sharia law.

Review on Fees and Commissions of FBS Broker

Spreads, minimum deposits, withdrawal fees, and other related charges are the most important ways to estimate the cost of operations with FBS. There are no fees for deposits, withdrawals, inactivity, or account maintenance.

Table 6: Fees & Commissions of all Accounts in FBS – Online Forex Broker Website

Details Standard Account Cent Account ECN Account Zero Spread Account Micro Account Crypto Account

Initial Deposit

$100

$1

$1000

$500

$5

$1

Spread

From 0.5 pip

From 1 pip

From 1 pip

Fixed, 0 pip

Fixed, from 3 pips

From 1 pip

Order Volume

0.01-500 lots

0.01-1000 lots

0.1-500 lots

500 lots

0.01-500 lots

0.01-500 lots

Leverage

Up to 1:3000

Up to 1:1000

Up to 1:500

Up to 1:3000

Up to 1:3000

Up to 1:5

Commission

$0

$0

$6

From $20/lot

$0

0.05% for opening & 0.05% for closing positions

Maximum Open Positions & Pending Orders

200

200

No trading limits

200

200

200

Market Execution

From 0.3 sec, STP

From 0.3 sec, STP

ECN

From 0.3 sec, STP

From 0.3 sec, STP

From 0.3 sec, STP

Funding Methods Review of FBS Broker

The cent account offers the minimum deposit, which starts at $1. FBS accepts a variety of payment options, including a variety of electronic payment systems, credit and debit cards, bank wire transfers, and currency exchangers. It does not charge a fee for making a deposit.

Table 7: Funding Method & Processing Time in FBS – Online Forex Broker Website

Deposit Method Processing Time

E-Payments

Instantly

Credit or Debit Cards

Instantly

Bank Wire

Instantly

Withdrawal Methods Review of FBS Broker

You may withdraw money using credit/debit cards, bank transfers, or E-wallets. All withdrawal requests are processed on a first-come, first-served basis by the FBS Financial Department. The time it takes to transfer funds to your account will, however, be determined by the payment method. A bank wire withdrawal requires a minimum of $50 and $1 for all other payment systems. Withdrawing funds from FBS is completely free.

Table 8: Withdrawal Method & Processing Time in FBS – Online Forex Broker Website

Withdrawal Method Processing Time

E-Payments

15-20 minutes, max 2 days

Credit or Debit Cards

15-20 minutes, max 2 days

Bank Wire

48 hours of  processing time

Basic Currencies Review of FBS Broker

USD

EUR

Trading Conditions Review of FBS Broker

Execution Policy

Leverage

Copy-Trading

Trading hours

Execution Policy

Asset values fluctuate in milliseconds, and your capacity to make and implement choices has a direct impact on performance. As a result, FBS feels committed to providing clients with the fastest feasible order execution. 95 percent of orders are fulfilled in under 0.4 seconds. Orders are executed via Market Execution in all FBS accounts. Market orders, limit orders, stop orders, and trailing stop orders are all available to FBS clients.

Leverage

Leverage allows a trader to place orders for sums far greater than their original deposits, allowing them to earn handsomely even with little input. You choose the leverage you want to trade with at FBS, which ranges from 1:50 to 1:3000. The amount of leverage you have will also be determined by the sort of account you have. Only at FBS will you discover such a one-of-a-kind Forex service with the leverage of 1:3000.

Copy Trading

This social trading tool allows you to follow the best market performers’ techniques & copy them to make money quickly. It introduces people to the financial market and assists you in making intelligent investment decisions.

Image 6: Copy Trading Section in FBS – Online Forex Broker Website

A screenshot that represents the information about Copy trading section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Trading Hours

Stocks are not available 24/7 which is dependent on stock exchanges. Some instruments, like cryptocurrency pairings, are accessible 24/7. It provides equities from a variety of stock exchanges throughout the world, knowing the instrument’s open hours on your trading interface.

Table 9: Trading Hours in FBS – Online Forex Broker Website

Continent Trading Hours

American (New York)

15:00 - 00:00

European (London)

10:00 - 19:00

Asian (Tokyo)

02:00 - 11:00

Pacific (Sydney)

00:00 - 09:00

Image 7: Major Stock Exchange & Trading Hour Section in FBS – Online Forex Broker Website

A screenshot that displays the information about major stock exchanges & trading hours on the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Trader’s Tools Review of FBS Broker

Trading Platforms of FBS

Economic Calendar

Trading Calculator

FBS currency converter

Economic Calendar

An economic calendar is a tool that allows traders to conduct fundamental analyses of markets related to economic news.

Image 8: Economic Calendar Section in FBS – Online Forex Broker Website

A screenshot that shows the information about the Economic calendar section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Trading Calculator

The Trader’s Calculator is a helpful tool for calculating potential costs and risks prior to opening a position in trading. This calculator will assist you in making the best possible trading selections.

Image 9: Trading Calculator Section in FBS – Online Forex Broker Website

A screenshot that demonstrates the information about the trading calculator section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

FBS Currency Converter

The FBS Currency Converter is a free online currency converter. It translates one currency to another and calculates the exchange rate.

Image 10: FBS Currency Converter Section in FBS – Online Forex Broker Website

A screenshot that epitomises the information about the FBS currency converter section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Education and Research Review of FBS Broker

On the FBS website, there is a thorough training section where anyone can learn everything they need to know about trading. A fast guide to Forex, trading advice and video lessons are all available from the firm. Webinars are also held by the firm. Beginner, elementary, intermediate, and advanced levels are grouped into this area.

Image 11: FBS Analytics & Education Section in FBS – Online Forex Broker Website

A screenshot that demonstrates the information about Analytics & Education section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Bonuses & Promotions Review of FBS Broker

A Level up Bonus of up to $140 is available, as well as a 100% Deposit Bonus, Cashback Bonus, as well as a variety of additional incentives. You may double your deposit with a welcome bonus. The bonus is limitless. A trader can get a payback of up to $15 per lot by enabling the option in their account. The trader opens a $100 bonus account and borrows money from the broker for a month.

Image 12: Promotions Section in FBS -Online Forex Broker Website

A screenshot that represents the information about the Promotion section in the FBS online broker website

Image Copyrights reserved to FBS - Online Forex Broker Website

Rewards & Risk Review of FBS Broker

FBS Broker has both advantages and disadvantages which are listed in table 10.

Table 10 :Rewards and Risks of the FBS Broker

Pros Cons
For trading, there is a 100% deposit bonus.
 
Trading instruments that are easy to use
 
Contests and promotions are held regularly.
 
Affiliate commissions are the clearest: up to $80 per lot.
 
Deposits and withdrawals in any currency via any mechanism.
 
Customer service in the native language is available 24 hours a day, 7 days a week.

 Fees on both deposits and withdrawals vary depending on the method of payment.

 EU, UK, and Australian clients have fewer account options than those from other locations.

Customer Support Review of FBS Broker

In 20 languages, a professional support team responds to clients’ questions by email, phone, callback, live chat, & social media. Customer service is accessible in the EU from 8:00 a.m. to 24:00 p.m. (GMT + 3), excluding significant holidays. In certain areas, though, help is accessible 24 hours a day, seven days a week.

FBS Social Media Pages FBS Multilingual Customer Service

Facebook

https://www.facebook.com/financefreedomsuccess

English

Indonesian

Malay

Chinese

Japanese

Korean

Arabic

Urdu

Spanish

Portuguese

Vietnamese

Thai

Turkish

German

Italian

French

Burmese

YouTube

https://www.youtube.com/user/FBSforex

Twitter

https://twitter.com/FBS_news

Instagram

https://www.instagram.com/FBS_forex/

Website

https://fbs.com/

Email

mailto:%20info@fbs.eu   

Phone

 \+357 25313540

Telegram

https://t.me/fbsonlinetrading    

In a Nutshell

If you’re looking for a safer way to grow your trades, then consider utilizing trading critique’s blogs. These can provide valuable insights without the risks associated with live trading. To get started, check out our tradingcritique.com website where you’ll find free trading tips and reviews of various brokers to help you make informed decisions.

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