Ever since 2009, FBS has been on the base of forex trading, showing reliability and stable performance. Their great performance, proved by acceptance of 23 million clients from 150 countries, has already pocketed around 40 global recognitions and awards. In addition, FBS is an official trading partner of Leicester City.
They had already been awarded Best Mini Forex Broker, Best Forex Broker Asia, Best Broker in South-East Asia, and Best Trading Platform, among many others. Every Forex trader is aware of the phenomenal growth of FBS in the last few years.
But then again, how a forex broker avail you too? What are the benefits and obligations of starting trading with FBS? That’s what I am going to share, from my earlier experiences, in this FBS review.
What is FBS?
FBS is one of a few forex brokers who owned the trust of millions of traders. The forex broker is located in Belize and provides online trading-related services to forex, CFDs, metals, stocks, and even cryptocurrencies.
Presently, a known company called Tradestone LTD owns it and is taking care of its entire operations. A brokerage house is regulated by the CySEC, and it listed license number is CySEC #331/17.
The web platform is operated by FBS Market Inc. with registration #IFSC/60/230/TS/18. On the other hand, the web platform is regulated by IFSC.
Australian customers can join and receive all the VIP services with FBS through the Australian Financial Services License and ASIC regulation. Its listed license number is ASIC #426359. FBS has specifically developed a website www.fbsaustralia.com targeted towards Australian traders and those who would want to trade according to the law of Australia.
Furthermore, FBS is a recipient of the FSCA license with a license number FSCA #50885
Detailed Review of FBS
FBS Introducing Broker (IB) Program
The Broker’s partnership program, FBS IB Program, is one of the greatest options to increase financial status and widen business opportunities. Additional income from even one attached client is what FBS Partners can get. Any trader can join the program, even those who only start their way in Forex. Nowadays, more than 400 000 partners are active FBS Partners worldwide.
The FBS Introducing Broker Program provides clear and competitive conditions and terms of participation:
High commission, up to $80 per each traded lot
Unlimited income—the more your clients trade, the more you earn
Daily payouts
Withdrawal 24/7
Free promo materials to attract new clients
FBS IB Programs has been awarded Best IB Program Asia 2022.
In this segment, you are going to explore the core facilities which make FBS your first Forex Broker. So, let’s start keenly on that.
At A Glance
FBS receives approximately 7000 traders’ and partners’ account opening requests daily. 48% of its traders rely on the platform as their main source of income. According to the statistics in 2018, FBS received withdrawal requests from clients every 20 seconds. Close to 80% of its user base is an active participant in trading.
Type of Trader Account
Now, FBS has 5 types of account offerings available for its clients: Cent Account, Micro Account, Standard Account, Zero Spread Account, and the ECN account. Nevertheless, only standard accounts are available for FBS EU clients.
The Standard account would be a perfect pair for experienced market players. The Cent account is likely to suit you if you are just a beginner in this sphere. Anyone can rely on the Micro account to count his profit to the last penny.
You can also try out Zero Spread to increase the speed of trading. The last, well, it’s my favorite, the ECN account. You get to hold full power and access to forex trading with the ECN technologies. Let us look at the opening balance of each type of account.
- Opening Balance for Cent is $1,
- Opening balance $5 for Micro
- Opening balance $100 for Standard
- Opening balance $500 for Zero
- ECN account requires $1000 of initial deposit
- Opening balance of $1 for Crypto
Leverage
The most exciting part about trading on FBS is its immersive level of leverage for the clients. You get the opportunity to trade the maximum amount of credit comparably more than its competitor’s platforms. Let’s take a look at them one by one.
- Up to 1:1000 for Cent account
- Up to 1:3000 for Micro account, Standard, and Zero-Spread account
- Up to 1:500 for ECN account
- Up to 1:5 for Crypto account
Floating Spread
The spread is, in essence, the difference between what you are bidding for and the asking price. This forms the primary source of income for FBS. FBS offers fixed spreads and floating spreads alike.
- From 1 pip floating spread on Cent, ECN and Crypto accounts
- From 3 pips fixed spread on Micro accounts
- From 0, 5 pip floating spread on a Standard account
- From 0 pip fixed spread on Zero Spread account
Commission
Since there is no commission applicable for Cent, Micro or Standard accounts, you often can enjoy a full slice of your profit. However, Zero spread account holders need to share $20 per lot with FBS. And lastly, FBS will collect $6 commission.
Order Volume
On FBS, the volume of the order can be extended from 0, 01 to 1000 Cent lots and that is with the 0, 01 steps. For all other kinds of accounts, it’s from 0, 01 to 500 lots. I believe everything seems to be useful but ECN account holders should have more limits on a currency pair.
Available Trading Instruments
You can trade up to 35 currency pairs. In the case of metal, it is limited to 4. Besides, there are also options for up to 3 CFDs and 33 stocks. But remember, these are for all accounts excluding ECN and Crypto accounts. When talking about Crypto accounts, it supports more than 100 instruments: coins to coins, coins to fiat, coins to metals, etc.
Trading Platforms
Had you had any previous experience in trading forex, you must have known that MetaTrader permits trading without deviations of orders. It is among the very essential facts which people look for in a brokerage house.
The good thing is, FBS is in the same track to provide you Meta Trader facility with an extended range of leverage. Both the Meta Trader 4 and 5 features will be found on most platforms, including Windows, iOS, Android, Web, Mac OS, and, nonetheless, on MULTITERMINAL. Let’s have a view of MT features of FBS:
EA or Expert Advisors with full functionality
Around 50 indicators and analytical tools
1 click trading
3 types of analytical charts
Hedging positions
Micro-lot accounts
VPS service
Reasons to Trade With FBS
Personally, I prefer FBS because it is easy and profitable to trade with FBS. Another reason clients like trading through this platform is that FBS always shows its care for client satisfaction. The monitory board is quite experienced and reliable as well, which is why 80% of the FBS clients stay with the platform after signing in.
Experience and Trustworthy Brokerage House
Internationally Recognized
competitive offers on trading
Real-time stats access
Multiple platform support
Final Thought
In my outlook, forex trading is among the smartest businesses to hook up with. And one can succeed for sure if there is a bridge with a legit brokerage house. That is what I found in FBS. The primary objective of this FBS review is to share my thought and experience with the platform.
And then, one merged their forex trading ambitions with a dream of becoming a great trader and put all the savings at risk. So, instead of rumbling about on the wrong platforms, it’s quite mandatory to stick around with the right one.
But you’re not going to repeat that mistake, are you? Big wishes to be the one.
FBS Overview
| Company Information | Trading Account Options |
| Broker Details | Info | Type | Info |
| Regulators | ASIC, IFSC, CySEC, FSCA | Maximum Leverage | 1:3000 |
| Country | Belize | Mini Account | Yes |
| Base Currencies | EUR, USD, THB | VIP Accounts | No |
| Type Of Brokers | ECN, STP, NDD | Segregated Accounts | No |
| Trading Platform | Desktop, Mobile, MT4, MT5, FBS Trader | Free Demo Accounts | Yes |
| Established Year | 2009 | Managed Accounts | No |
| Website Language | English, Indonesian, Turkish, More | Pro Account | No |
| US Clients | No | Minimum Deposit | $1.00 |
| Islamic Account | Yes |
| Payment Option | Contact Information & Support |
| Method | Getway | Type | Info |
| Account Funding Methods |  Visa Card Master Card UnionPay Skrill FasaPay Wire transfer | Telephone No | +60127105683 |
| Account Withdrawal Methods | Visa Card Master CardUnionPaySkrillFasaPayWire transfer | [email protected] | |
| 24 Hours Support | Yes | ||
| Support During Weekends | Yes | ||
| Address | No.1 Orchid Garden Street, Belmopan, Belize, C.A | ||
| Website | https://fbs.com |
FBS Trading Features
| Suitable For | Trading Services |
| Trader Level | Yes/No | Service | Info |
| Publicly Traded | No | Hedging | Yes |
| Beginners | Yes | News Trading | No |
| Day Trading | Yes | Scalping | Yes |
| Weekly Trading | Yes | Automated Trading | Yes |
| Professionals | Yes | Indices | Yes |
| Swing Trading | Yes | Commodities | Yes |
| Minimum Spreads | 0.01 | Forex instruments | Yes |
| Commission | Yes | CFDs | Yes |
| Fixed Spreads | Yes | ETFs | No |
| Stocks | Yes | ||
| Bonds | No | ||
| Cryptocurrencey | Yes | ||
| Trading Signals | No | ||
| Educational Service | Yes | ||
| Copy/Social Tradings | Yes |
