Is fbs a good broker

Minimum deposit $100 do you have any question or find any trouble related to FBS?

Huge forex bonuses

If you do, you should reach FBS's support to get the information that you need. Here is the detail of the broker's customer support:

FBS review

FBS is a well-established broker since 2009. FBS has headquarters in china, egypt, indonesia, korea (republic of), malaysia and thailand. They are generally well-suited for FBS to provide their forex/CFD trading services to global clients.

This broker has also been regulated by cysec 331/17 and IFSC (belize) IFSC/60/230/TS/12. Simple yet detailed information upon this broker can be seen below.

Features

Islamic accounts available

Account information

This broker offers standart, cent, zero spread, ECN and micro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FBS is up to 1:3000. Meanwhile, you can open an account with a starting capital of $1

If you want to look for further information about this broker's offered account(s), please take a look at the list below.

Minimum deposit $100

Minimum position 0.01 lot

Overnight interest rates (swaps)

Instruments traded

Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex, gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Minimum position 0.01 lot

Overnight interest rates (swaps)

Instruments traded

Minimum deposit $500

Minimum position 0.01 lot

Overnight interest rates (swaps)

Instruments traded

Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex, gold & silver and futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Minimum deposit $1000

Minimum position 0.1 lot

Instruments traded

Besides lots of currency pair, FBS also offers some instruments you would like to trade on, such as forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Minimum position 0.01 lot

Instruments traded

Payment methods

Fasapay : known as an e-payment for retail forex traders, fasapay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.

Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.

Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FBS also provides payment with credit/debit cards, local bank transfer, perfect money and unionpay

Trading platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FBS offers you metatrader 4 (limited with 45 days of inactivity).

Customer support

Do you have any question or find any trouble related to FBS? If you do, you should reach FBS's support to get the information that you need. Here is the detail of the broker's customer support:

Extensive review

Since 2009, the action of FBS holding inc. Or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of most transparent forex broker 2018, best investor education 2017, best customer service broker asia 2016, IB FX program, and many others.

FBS is regulated by IFSC belize and cysec cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.

Trading products offered by FBS brokers range from forex, CFD, precious metal, and stock. For forex trading, cysec-regulated FBS offers leverage up to 1:30 on cent and standard accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS belize.

In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.

Whereas on cent accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent accounts involve a different level of risk. FBS recommends cent accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.

Before plunging into the real forex market, traders can practice with FBS demo account which consists of two types, i.E standard and cent.

FBS uses the metatrader 4 and metatrader 5 platforms. They offer them on windows and mac as well as android and ios mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.

Metatrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.

To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.

Traders also have the opportunity to develop a side business when trading at FBS brokers, namely as an introducing broker (IB) or affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.

Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.

Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include english, dutch, italian, french, portuguese, indonesian, spanish, and others. Live chat support is also provided 24 hours 7 days a week.

In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

FBS review and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

FBS broker review 2020

FBS broker is one of the brokers that are popular among traders, on this occasion we will do an FBS broker review 2020.

In 2020 FBS claims to have had 14 million traders and 370 thousand clients spread across 190 countries around the world.

If we look at various media, FBS broker promotion is very intense by giving no deposit bonuses and also other bonuses that attract many clients.

Brokers found in 2009 are very popular, especially in the asian region, including in malaysia, indonesia, the philippines, vietnam, china.

FBS brokerage supports 17 languages so that traders will easily navigate pages in a language that is easy to understand.

But is this FBS broker a safe broker, and provides support to clients?

We will begin our search on the FBS broker review 2020, from various information sources summarized in one package.

Forex, crypto,CFD trading is potential business as potential gain investment but also risky, boost your money with tenkofx broker

A brokers with positive reviews from users and are regulated by IFSC belize

Open an account or try demo account.

Company overview

The FBS brokerage began operations in 2009, which originally came from russia and was regulated by IFSC belize.

Historically, this broker has received several awards since starting operations. A year later received an award as the best mini forex-broker in 2010 and 2011.

FBS brokerage continues to grow and they have claimed to be a trusted broker in 2012. And received the fastest growing broker award in asia and the best metatrader 4 platform.

In 2013 they stated that they received awards from four different categories, “best broker in asia”, “best broker in south-east asia”, “best partnership program”, “best trading platform”.

From year to year, this broker claims to always get awards, and the last in 2018 they get several kinds of awards.

Most transparent forex broker – 2018

Best forex trading account 2018

The best copy global trading application – 2018

Best forex broker asia-2018

The best investor education – 2017

Best FX IB program – china 2017

Of all the FBS company claims that have more than 14 million traders in 190 countries.

In reality, they don’t have traders from US citizens, and they are reportedly banned from promoting in europe because of their lack of regulation on the eurozone rules.

But despite all that, this broker gets positive reviews from many traders even though some also criticize this broker.

FBS trading account

What becomes a high-risk offer even though the potential for gain is also high is. That this broker offers leverage up to 1: 3000, this is truly extraordinary and for traders to think this is high risk.

FBS offers 5 types of accounts with different rules.

Cent account, with a minimum deposit of $ 1 and maximum leverage of 1: 1000 and a floating spread of 1pip.

A micro account with a minimum deposit of $ 5 and maximum leverage of 1: 3000 and fixed spread from 3 pips.

Standard account with a minimum deposit of $ 100, maximum leverage of 1: 3000, and floating spreads of 0.5pip.

Zero spread account with a minimum deposit of $ 500 and maximum leverage of 1: 3000 and zero spread, but subject to a commission of $ 20 per lot.

ECN account with a minimum deposit of $ 1000 and maximum leverage of 1: 500 and a floating spread of 1 pip and is subject to a commission of $ 6.

With the five options of trading accounts. Many newbie traders try the FBS platform because the minimum deposit is only $ 1. Of course, this will be very light for retailers and beginner traders.

Plus this broker is one of the most generous brokers by giving bonuses, from no deposit bonus and deposit bonus. Perhaps the only competitor in terms of bonuses is instaforex which also claims to be the number 1 broker in asia.

FBS trading platform

At the moment 2020 trading platforms FBS using a metatrader 4 and metatrader 5 as well as webtrader. If you don’t want to install metatrader on your device, using webtrader you can make transactions with your browser, just visit the address page webtrader.

Metatrader 4 and metatrader 5 platforms from FBS can be downloaded for desktop platforms. Android and ios mobile platforms, and are also available for MAC OS.

With some options of platforms, it makes it easy for traders to choose the best and in accordance with their specs. Although metatrader 5 offers the latest development, there are still many who are loyal to use metatrader 4.

Android and ios platform is suitable for those who like mobile, they can make transactions anywhere with supporting gadgets.

FBS instrument trading

Offers 5 types of trading accounts FBS broker offers forex, CFD, and commodity metal trading instruments. There are 35 pairs in forex trading and metal and CFD trading.

Although they offer several types of trading accounts. They do not offer crypto accounts, which are currently rife in some forex brokers. Each instrument has varying contract specification rules, so traders can adjust to choose whichever is most profitable.

Spread and commission

Spreads are one of the reasons why a trader chooses a broker. Especially for scalping traders, choosing a broker with a low spread would be preferred.

The spreads offered by FBS vary depending on the pair chosen but generally start with 1 pip to 11 pips. On exotic pairs, the spread amount is higher than the major pair.

And transaction commissions are only taken on ECN trading accounts and zero spread accounts, with a size of $ 20 per lot and $ 6 on an ECN account.

Bonus and promotion

FBS broker is one of the most aggressive brokers promoting in various media. If you use facebook or instagram maybe you also have met this broker’s advertisement.

They are among the brokers that offer various types of bonuses. Both deposit bonuses, and no deposit bonuses and also from some of the contests they hold.

Promotional bonus to barcelona home game

FBS claims that they are one of barcelona’s sponsors, and with this promotion, the traders have the opportunity to win prizes to be able to go to barcelona’s home game. To get this ticket there are terms and conditions that apply.

Get a car from FBS

This promotion is for FBS traders who participate in the contest during the promotion. From the official FBS website source, previously had won several winners from several countries, most of whom were indonesian traders.

There are also from malaysia, russia, jordan, egypt, vietnam but at this time there has been no new announcement with this promotion after the previous period ended.

100% deposit bonus

A 100% deposit bonus is a bonus that is credited when the trader makes a deposit. For example, you deposit $ 100 then with a 100% deposit bonus you will get $ 200 where the $ 100 is a bonus as an additional margin.

Cashback bonus $15 per lot

This bonus is for traders who participate in promotions, for this they must activate via the trading cabinet. Traders will receive up to $ 15 from 1 lot of trading positions, this promo has an unlimited period of time.

Leverage until 1:3000

The very high leverage that is vulnerable to risk, with $ 10 equal to a transaction with a contract value of $ 30,000. This promotion is only available on standard and zero spread accounts.

Loyalty program reward

A loyalty program is a gift given to traders and partners loyal to the company, traders who make transactions will get points that can be exchanged for prizes from gadgets to mercedes bens. The loyalty program is divided into several levels, green, silver, gold, platinum which reflect the status point.

Trade $100 bonus, work out for more

The $ 100 trade bonus is for beginners and experienced traders, this bonus is available on the mt5 platform, with the requirement for 30 days to be able to complete 5 lots. With a position size of 0.01 lot, the maximum order at the same time is 5. If a trader can complete 5 lots in 30 days then $ 100 can be withdrawn and profit added.

Contest bonus

FBS also often holds trading contests with a total prize of $ 1000 divided into five winners with $ 450 each for the first rank, $ 250 rankings two, $ 150 ranking three, $ 100 ranking four, and $ 50 ranking fifth.

The contest period is two weeks and the winner is the one who collects the most trading profits. Contest update you can follow FBS pro

Payment method

FBS broker review 2020, FBS broker supports several payment methods, with skrill, perfectmoney, sticpay, visa, and neteller.

In this section, the method of paying FBS broker is still inferior compared to instaforex and fxopen which supports more ways of the payment system.

Because not all traders have the payment method as used, it may be difficult for what payment method to use. Also in the traders’ cabinet, no withdrawal method was found through a local bank, even though the broker claimed to have clients in 190 countries.

Customer support

As a trader, in choosing a broker will also be a concern for customer support, if the customer support service is too slow to respond, then less like traders.

FBS broker offers several ways to contact the customer support broker. Email, you can contact email, [email protected], or also via chat with the telegram platform, webchat, facebook messenger, and viber. It can also contact the telephone number + 357 2531 3540.

FBS copy trade review

Copy trade is a forex investment service that allows investors to automatically copy trades of other traders. FBS is one of the brokers that offers copy trades for traders and investors. To become an investor trader by taking FBS’s copy trade FBS copy trade minimum deposit is $ 100.

Copytrade FBS application imposes a fixed commission of 5 percent for traders. If you are an expert trader, being the copy trade leader allows you to earn commissions when you have a number of followers.

FBS copy trade app can be downloaded via the official website, FBS copytrade has reached version 1.16.15 and has been downloaded by more than 1 million users.

On the other hand, investors only need to make a few settings, then they can leave it, if the leader makes orders automatically the investor’s account will do the same. For example, the leader buys EURUSD, the investor will automatically buy EURUSD. The risk is that if the leader experiences a loss, the investor will also lose.

FBS broker review by trader

FBS broker review 2020, FBS broker has more than 14 million traders, according to the company’s claim, but also an important part of the experience of traders who have used this broker.

Because that is the statement of the original trader who is having problems with the broker.

Forex-rating review 2020 FBS

In forex-rating trader reviews, many traders complain about the conditions of their experience while using an FBS broker. On this site, there are many bad experiences using the FBS platform.

Someone complained of trading with a bonus of $ 50 and was able to profit to $ 500, but he could not make withdrawals for various reasons from the broker.

There are also traders who claim to have deposited with their own $ 100 and made a profit, but when making a withdrawal, it is not paid.

There is also a funny experience, he made a withdrawal of money of $ 155 but only a small $ 10.55 was approved. From all the reviews on this site, most traders say that FBS is a scam.

Trustpilot FBS review

Traders’ reviews on the trustpilot site are 38% excellent, great 31%, and the remaining bad 26% give poor and average votes.

On this site, we can conclude that there are still many FBS who like it, and they give positive reviews to brokers. But many also provide negative feedback by the traders.

The good side of this site is there FBS support, which answers several client questions related to the problems.

Forexpeacearmy FBS review

On this site, FBS gets a three-star rating, which is a bad value, although there is the customer support that helps answer client problems, from the total review there is negative feedback.

But there are also some traders who are experienced with FBS brokets, are still fine. The level of investor confidence in the broker is very small.

Is FBS a trusted broker?

To determine whether FBS is a trusted broker or not, a trader does not only have to look at the broker’s official website. Because the company will of course provide its best reviews in the hope of increasing the number of trader clients who join.

It is also very important to read the reviews of traders who have used the FBS service because they can directly provide genuine reviews. From several sources of trader reviews above, for me, I gave a score of 5 for this broker.

Investors must pay attention to their total investment, not to violate the golden rules of high-risk investment. Just spent money that affords to lose.

Conclusion

FBS broker review 2020 may still be the choice of traders, with a variety of bonuses provided that can provide experience, in addition to available forex education.

For retail investors, using this broker may not be too vulnerable to risk, but for large investors, using this broker is vulnerable to risk.

From a number of reviews of traders who gave a bad experience with trading conditions and withdrawing money, this caused anxiety in the security of capital.

Other alternative brokers are tenkofx who gets positive feedback, instaforex which also gives a lot of bonuses, fxopen which is regulated by ASIC and FCA.

Whatever your choice, the golden rule is just spent money that is afforded to lose, because forex trading itself is risky.

Are you ready to start trading?

A factual FBS review for retail forex traders

Website: www.Fbs.Com

Myanmar: +951 651135
philippines: +632.632.7634
tunisia: +216 52 925 626

Office address:

No. 414, 9th street, thamine (1) ward,

Mayangone township,

Yangon

FBS, or financial brokerage services, is predominantly an asian forex broker that has its offices in china, malaysia, philippines, indonesia, jordan, vietnam, and russia. The IFSC in belize is the primary regulatory organization that regulates all the financial components of the company. FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as 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.
FBS was initially based out of russia and started its FX operations in 2009. The broker claims to have more than 700,000 clients from 120 different countries across the world. Although that might be an accurate representation of the reach of the broker by modern standards, the reality lies in the fact that the broker does not have any traders from the US, and the lack of EU regulation also prevents the broker from actively promoting their services in the euro zone. However, despite all the confusion surrounding the regulatory status, the broker has indeed managed to receive numerous awards and recognitions for their services. The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.

FBS trading account features at A glance

Minimum deposit of $1

Maximum FBS leverage of 1:3000

Five different types of accounts

FBS spreads starting from 0 pip

ECN account offered with tight spreads and a commission per lot

Full range of payment options

Trading instruments include 32 currencies and two metals

MT4 & MT5 trading platform

One the main reasons why traders choose FBS is due to the very low barrier to enter the markets, as the minimum deposit required for an FBS account is $1. There are two types of accounts available for smaller traders, which include the cent and the micro accounts. The cent account starts at $1 deposit, while the micro account starts at $5 deposit. The cent account also has very tight spreads starting from 1 pip, and the micro account has fixed spreads starting from 3 pips. The maximum leverage offered is different for both accounts, as the cent account has a maximum leverage of 1:1000 and the micro account has a maximum leverage of 1:3000.

The cent account is certainly the more attractive proposition here due to the reduced cost of trading, as on the contrary, the micro account spread of 3 pips is immensely higher than the average micro account. Traders with a higher deposit of $100 can take advantage of a standard account that has all the features of the micro account albeit with tighter spreads of 1 pip.

The ECN account is offered as a zero spread account, which allows traders to enjoy up to 0 pips in spreads at the cost of a commission of $20 per lot. The minimum deposit required for the ECN account is $500, while the leverage is set at a maximum of 1:3000. The final type of trading account is the unlimited account that is usually reserved for institutional and professional traders, which offers a maximum leverage of 1:500 along with floating spreads starting from 0.2 pips. There is no commission for the unlimited account, and the initial deposit starts from $500. The unlimited account is the best type of FBS account due to its favorable trading conditions, lower cost of trading, comparatively lower leverage, and high speed of trade execution.
FBS utilizes the MT4 and MT5 trading platforms for accessing the FX markets on both desktop and mobile devices. The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results. The FBS mobile platforms are available as downloadable MT4 apps on the itunes and google play stores, while traders can also use the MT4 web trader for browser-related trading requirements.

How does FBS treat their clients?

FBS customer support is available in 18 different languages and is designed to offer the most comprehensive support to clients from a majority of asian, european, and middle eastern clients. The live chat feature is an excellent feature to get immediate assistance, and official correspondence can be made through emails or phone calls.
Unlimited account holders also enjoy SWAP-free accounts, which is a great feature for long-term traders who hold on to overnight trades. FBS account can help in reducing the cost of trading to a great extent, which is indeed one of the most significant advantages of FBS.
One of the other perceived benefits of FBS is the availability of a 100% deposit bonus, which is offered for all traders opening a new account making their first deposit. The FBS bonus is certainly not preferred, as a majority of negative FBS reviews are due to the conflicts arising between traders and FBS over withdrawal issues. Brokers only offer a bonus if traders are willing to accept their terms and conditions, and it is often difficult to satisfy these trading conditions before making a withdrawal of the initial invested amount.
The maximum leverage also plays negatively to the company’s strength, the 1:3000 leverage is indeed the highest offered by any broker in the industry. Novice and even experienced traders are susceptible to the risks of higher leverage, as a huge margin of 1:3000 can wipe out the investment with just a 3 pip move. Considering that the starting spread for the micro account is 3 pips, it is easy to understand how a trader can face a margin call for initial deposits as low as $5. The high leverage is also another factor that contributes to the overall negative image of the company.
On the other hand, if used wisely, both leverage, as well as lower spreads, can work remarkably in the trader’s favor. Profitable FX trading is dependent on striking the perfect balance between all the different tools of the trade, and if done carefully, FBS offers the best resources for making consistent profits in the forex markets.

Is FBS regulated?

Yes, our review of FBS found that the broker is regulated and licensed by cysec, which ensures regular reporting, transparency, and fairness for EU clients. For those trading outside the EU, it is regulated by the international financial services commission of belize (IFSC).

Can you withdraw FBS bonus?

Yes, if you are trading from a country that allows a bonus from FBS, it can be withdrawn after two lots are traded and profit reaches $25. To withdraw, proper account registration and verification is required too. This means supplying FBS with proof of identification and address.

What is FBS account?

FBS offers two live trading accounts (standard and cent) and two demo account types (standard and cent). There are zero commissions on trades, leverage of up to 1:30, and spread starting from 1 pip. Standard accounts are available with a €100 initial deposit, whilst cent accounts start from €10. Swap-free accounts are also available.

How long does FBS withdrawal take?

Withdrawal times at FBS depend on which method you are using to receive your funds. All withdrawals are processed by the broker within 48 hours on business days. E-wallet and crypto transfers are processed within minutes, whilst wire transfers can take up to 48 hours.

What is the minimum deposit on FBS?

Minimum deposit limits at FBS depend on the account type you have selected. For international clients, there is a micro account that allows deposits from $1. For european clients, the lowest entry point is the cent account at €10. Standard accounts require a minimum deposit of €100.

Is FBS a scam?

What is the FBS and how it works?

Can you make money with this platform?

We know that there are many trading platforms the promises you to make money, but many of them are just scams and ponzi schemes

In this FBS review, we are going to cover what is the price to join, what is the compensation plan, what kind of products they have, and whether people making money.

Let’s get right into that.

Disclaimer
please note, I am not a member or an affiliate for FBS. This review is based on research and information available online in the public domain.
Any recommendation and conclusions are only opinions and may not apply to all persons or situations.

Overview

Name: FBS
website: www.Fbs.Com (or FBS.Eu for EU market)
price to join: $1 to $1,000
recommended: not really. Still, it is an MLM company.
I recommend affiliate marketing. Check the pros and cons of both business models (affiliate marketing vs. MLM).

FBS summary

FBS is an international online broker that offers to trade in forex. This is supposed to be a friendly platform for beginners and advanced traders as well.

However, there is no information about who runs this company.

This company is regulated in the EU by the cyprus securities and exchange commission and by the international financial service of belize.

However, FBS is banned in big trading markets, like the USA, canada, or japan.
The service they offer seems legit, so it is not quite clear why they do not operate in those big markets.

The good thing about the FBS is that the minimum deposit can be $1 (depending on the specific account).

From first sight, it is not quite clear whether FBS is a scam or not, although I would recommend searching for more legitimate platforms.
The reason being is that there are some issues (red flags if you will) with the FBS.

For example, there are a lot of people complaining about the withdrawal process, and also that FBS support is not responding.

My recommendation is – not to get involved with the FBS.

There are many legal ways how to generate consistent income.

I personally prefer affiliate marketing, where I run one website that generates me 4 digits online.
Here is a link to the method I have been using since 2017.

What is FBS?

FBS is an investment company that helps you to generate profit by marketing their services and products. The company was founded in 2009.
According to their privacy policy, this company is regulated by the cyprus securities and exchange commission.

Cyprus is a well-known country due to the fact that a lot of scammy companies have their headquarters there. Now does it mean right away, that FBS is a scam?

No, at least not at this point.

FBS is basically a forex trading company offering services. They also offer education products for forex trades.

The company claims to have more than 15 million active traders in more than 190 countries.
Based on the number of monthly visits the site FBS.Com gets, it is probably about right.
(the site FBS gets more than 2M visits per month).

We are going to find out that people from certain countries (like the US or UK) can’t register with the FBS.
This to me is a red flag.

A person who is allowed to register (the list of countries below) can earn money once opens one of the accounts (we will get there in more details in a bit).
There are 2 ways how o make money:

The first way is to through investing and trading

The second way is to promote FBS and make commissions

One must be careful when it comes to investing; there are many companies that are literally pyramid schemes, or ponzi schemes (just like beurax or petronpay).

I am sure you know that FBS works as a multi-level marketing company.
You will be paid according to the number of people below you. In fancier words, when you build your team.

Of course, this recruiting part is optional but make no mistake.
The only real money is in recruiting.

So let’s dig a bit deeper.

Who runs the FBS?

It is not clear who the owner is.

I find this as a red flag since most legitimate companies reveal who the CEO or founder is.
Unfortunately, it is not the case with the FBS.

What I also find disturbing is a fact that this company reveals a number of shell companies operating from:

FBS inc. In the marshall islands

HDC technologies ltd in cyprus

FBS markets inc. In belize

Nevertheless, they have their own youtube channel and the person that walks you through webinars is elizabeth belugine.
According to her FB profile, she is from st. Petersburg, russia.

Most likely she is not the founder and only works for FBS.

For example here is a video where she explains, what are the advantages of the forex market?

There are also a lot of videos including webinars that have about 1 hour (or more).
I am sure there is a lot to learn.

Who is it for?

FBS seems like a good platform for both beginners and advanced traders.

As mentioned above, there are certain countries where their service is not available.
Let’s take a look at the countries that are banned from using their services

Canada

Japan

Brazil

Israel

Myanmar

Iran

Why?
Could it be that these countries have strict regulations against scammy companies?

Here is the list of countries where FBS accepts traders from:
australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar, and most other countries.

Is FBS a pyramid scheme?

It is important to distinguish between regular MLM and a pyramid scheme.

The fact is that every MLM company has routes in a pyramid scheme.
To make it legitimate, a company must offer retail products.

The distributor or IBO’s (independent business owner) should be able to earn solely from selling these products – whether it is a tangible product (like in the mary kay or amway case) or it could be course or service.

By now we know that FBS offers services, so it can’t be called a pyramid scheme.

But if you want to know how to post a pyramid scheme here is a short video:

How to register with FBS?

You can open an account assuming you are not from the banned country.

Just enter your email and then you will have your account information assigned.

Before you can make a deposit, you are required to fill out the survey.

It concerns your personal data like

Date of birth

Citizenship

Your address

Phone number

And other questions that I personally find annoying.

Are you a politically exposed person

How many times did you trade over the past year?

What is your employment status and your “sphere”

What is your source of income and your net annual income?

Then based on the results you get the retail status with a recommended deposit you can trade.

After that just select the way how you want to make the deposit.

What products (accounts) does FBS offer?

These are not exactly products, but rather accounts you can open.

Standart – this is for experienced market players. The initial deposit is $100.

Cent – this is for beginners, people who are just starting to learn about forex and that is why the initial deposit is $1 only.

Micro – fits the best for those who like math and can calculate their profit. The minimum deposit is $5

Zerospread – this is for those who like trading fast. The minimum deposit – $500.

ECN – and finally, this account is the best for those who are confident and want to trade with the ECN technologies. The minimum deposit is $1,000.

So depending on your experience you can start with $1 or $1,000.

You have both (MT4 and MT5 )metatrader platform available also as mobile apps.

These apps allow trading on financial markets via android and ios.
You can also monitor your account status, buy and sell financial instruments, or track the history of trades.

Compensation plan

Most MLM companies have a pretty tricky compensation plan. In many cases, you have to through 20 to 40 pages, and it is still not clear what the deal is.

FBS offers a pretty simple compensation plan.
They use a 3 level system (uni-level) that looks like this:

The trading commission is paid down to 3 levels:

Level 1 – you get 100% on the trading activity of your affiliate (or trader)

Level 2 – 15%

Level 3 – 5%

Is FBS a scam?

FBS is not an outright scam.

People who are just getting started, earn money
but the problem seems to be with support and communication when it comes to withdrawal.

Also due to the MLM structure, I am afraid that most people will not make enough to pay the bills.

Don’t get me wrong. There is certainly a great opportunity to make money with forex.

But I would be careful joining shady companies with unclear ownership and yet operating from a scammy friendly country.

My advice – if you want to learn how to make money with forex, do more research and find a legitimate company with a history that does not ban certain countries.

Please note, that whenever there is an MLM structure involved, it always works as the following:

Before we wrap up…

A long time ago I was involved with one MLM company, and it did not work out.

I went through a lot of jobs and eventually I have learned something about online marketing.

Long story short, now I know how to create a website that drives free traffic, and most importantly, this website earns me 4 figures.

There are plenty of ways on how to make money; I personally think that being in online marketing is the best way to go.
To be more specific I earn money with affiliate marketing.

At the bottom of the post, there is a link that directs to my #1 recommended platform.
It concerns one specific educational platform that teaches how to create a website that generates income.
I am sure you know that it takes special knowledge to succeed online. And this is a perfect platform that teaches everything, step by step from the basic stuff to advanced one.

What I like about FBS

The compensation plan that is simple and easy to comprehend

Long established company (based in 2009)

MT4 and MT5 integration

What I don’t like about FBS

Not available in big trading markets

No information about who runs the company (who is the founder or CEO?)

They have linked shell companies operating out of belize and marshall islands

Conclusion

It does not seem that this is a scam.

Unlike many other forex trading systems, FBS wants their clients to know, that forex trading is very risky and you should use money that you can lose.

However, there is still a number of major red flags that are disturbing.
I personally don’t recommend it.

Remember that, when it comes to investment, keep in mind the following rule:

Don’t invest more than you can afford to lose

I would be glad if you can share your personal opinion about FBS. Please use the comment section below, I am sure your opinion will appreciate it by other readers.

Also, in case you have questions don’t hesitate to ask.
I will do my best to provide you with feedback within 24 hours.

Thank you for reading,
mike

How to get started with affiliate marketing?

I have been a member of wealthy affiliate since late 2017 without a prior marketing experience.
Beginning of 2018 I have learned how to build a website that drives traffic and makes sales.

Since the summer of 2019, I am a full-time internet marketer and I work from anywhere I want, whenever I want.
Training within wealthy affiliate teaches how to generate a consistent income in the long run.

Is fbs A good forex broker?

Trading with the best forex brokers has always been a burning desire of all forex traders in forex market. Recently, FBS forex broker becomes more and more popular in the market because FBS offers traders many promotional programs. In the past, FBS was not really good because they offered high spreads, high slippage and slow execution. However, FBS reviews is considered to be one of the best forex brokers in the world because of some following reasons.

Regulations

In reality, FBS is regulated by the international financial services commission and cyprus securities and exchange commission, which are really reliable. Trading with FBS can help traders gain more profits easily without risking a lot.

Reliability

In terms of the reliability of FBS, this broker won many awards in forex market. They won some awards like “best forex broker southeast asia”, “best customer service broker asia 2016”, “best forex broker thailand” and “best international forex broker”. It is obvious that FBS is one of the best forex brokers in the world when they won many awards. Traders will be safer when trading with this broker.

Account types

When it comes to types of account of FBS, FBS offers their clients four types of accounts, which are cent account, standard account, zero spread account and ECN account. Traders will be able to choose their suitable accounts when it comes to trading. Now, we will look at these four accounts and some basic information of each account.

Cent account: this account requires only $1 as the minimum deposit, which is very low. In fact, this account is much more suitable for new traders because new traders do not want to deposit a lot. The account has floating spread, while the commission is free. The leverage of the account is 1:1000. The account uses market execution of orders.

Standard account: traders have to deposit $100 for the minimum deposit, which is relatively high. The account offers floating spread and commission-free trading. The leverage of this account is 1:3000, which is good for traders. The account also uses market execution of orders.

Zero spread account: when it comes to the minimum deposit of this account, traders have to deposit $500. The account offers fixed spread, while the commission is free. The leverage of this account is 1:3000, which is pretty high. The account uses market execution of orders.

ECN account: traders have to deposit $1000 as the minimum deposit, which is very high. This account seems to be suitable for experienced traders. The account offers floating spread and commission-free trading. The leverage of this account is only 1:500. The account uses ecn execution of orders.

Commissions & spreads

Basically, FBS offers their customers both fixed and floating spreads, which are really competitive. Floating spreads will begin from a minimum of 0.2 pip, while fixed spread is 3 pips.

Deposits & withdrawals options

Speaking of FBS deposit, traders will have different options. In fact, FBS offers their clients more than 70 types of payment options, which are very amazing. Traders can choose credit cards, bank wire, and e-wallet to deposit their money.

In terms of the withdrawals, traders also can choose different options. We have to wait for a certain amount of time when it comes to each withdrawal payout. For example, the payout time of e-wallet is spontaneous, while traders will wait for 48 hours when it comes to credit cards.

Bonus & promotions

In general, FBS offers their clients many types of the best forex bonuses in 2019 on their website, ranging from welcome bonus to deposit bonus. Traders, in fact, will be able to win an iphone X thanks to one trading promotion of FBS.

Customer support

Customer support is always a big concern for the number of forex traders because of the complexity of forex market. Therefore, it would be better for traders to find a broker who offers them good customer services. FBS has a comprehensive educational and a detailed FAO, which help traders address difficulties during their trading. They also support their clients through live chat, which is 24/7.

A factual FBS review for retail forex traders

Website: www.Fbs.Com

Myanmar: +951 651135
philippines: +632.632.7634
tunisia: +216 52 925 626

Office address:

No. 414, 9th street, thamine (1) ward,

Mayangone township,

Yangon

FBS trading account features at A glance

Minimum deposit of $1

Maximum FBS leverage of 1:3000

Five different types of accounts

FBS spreads starting from 0 pip

ECN account offered with tight spreads and a commission per lot

Full range of payment options

Trading instruments include 32 currencies and two metals

MT4 & MT5 trading platform

How does FBS treat their clients?

Is FBS regulated?

Can you withdraw FBS bonus?

What is FBS account?

How long does FBS withdrawal take?

What is the minimum deposit on FBS?

So, let's see, what we have: FBS is an established broker since 2009 and has been licensed by cysec and other regulatory agencies IFSC (belize). With a minimum deposit of 1 and variable and fixed spread, is FBS a good broker for you? Find out more here. At is fbs a good broker