FBS Review

FBS is a international broker owned and operated by Tradestone LTD headquartered in Limassol, Cyprus. The brokerage was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

This forex broker which quickly gained momentum and still maintains a sterling reputation amongst traders, achieving a steady rate of new membership of 7,000 daily, even a decade later


With more than 190 countries of presence. 15 000 000 traders and 410 000 partners have already chosen FBS as their preferred Forex company.

Users are offered five different trading accounts called Cent, Micro, Standard, Zero Spread and ECN. Each account comes with different features and benefits such as the ability to trade commission-free with floating or fixed spreads or commission based on an ECN account.

Forex isn’t the only market that FBS provides for its membership of over 15 million traders, with CFDs, stocks, Metals and Energies on the MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web, Android and iOS operating systems. Users can also access copy trading services via FBS CopyTrade. and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.

The broker also provides the best customer experience FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies and latest strategies on the Forex market, as well as a wide variety of bonus promotions such as the 100% deposit bonus, as well as different trading contests.

Users can contact the broker 24 hours a day, 7 days a week via callback, live chat and other mediums such as Wechat, Line, Viber, Telegram, and Facebook messenger.

Awards

FBS is obviously a successful online trading brokerage and have won countless awards since their establishment. Some of their most notable awards include; Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia, Best Forex Broker Thailand, and Best International Forex Broker, Best Safety of Client Funds Asia 2015, Best Forex Trading Account 2018. As well, FBS has won many other awards for various reasons.

Is FBS safe or a scam?

Not only has the FBS brokerage seen great success, but they also provide safe and reliable online trading services to their clients. FBS is licensed and regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/230/TS/19.

The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Tradestone Ltd. However, this review is based upon the FBS.com domain name which is authorised and regulated by the IFSC of Belize.

There are strict rules towards money protection while FBS keeps traders’ funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities by Negative Balance protection.

Being a Cyprus Investment Firm, FBS falls under the Compensation Scheme, which protects the client’s investments in case of broker’s insolvency.

Since the acquisition of the license, traders can rest assured that their funds are safe and that the regulator ensures that FBS will comply with the directives of the legislative and regulatory framework.

Leverage

The FBS online trading brokerage is very accepting and supportive of nearly every type of trader. FBS offers their clients the choice between 5 different trading accounts, each with slight differences to better suit their needs. Overall, the trading conditions outlined in these accounts vary but are very favourable. See the trading accounts and their trading conditions overviewed below.

Each account comes with different features and benefits. For example, the Cent, Micro and Standard account are commission-free. Each of these offers fixed or floating spread options and different minimum initial deposits from just $1 to $100.

The Zero Spread Accounts offers a fixed spread of zero pips with a high commission from $20 per lot, as well as high leverage of 1:3000. Users can also access the ECN account which has the highest minimum deposit of $1,000 with commissions of $6 per lot, floating spreads from 1 pip and maximum leverage up to 1:500.

How to open account?

Eventually opening an account with FBS isn’t a very complicated process, users simply need to click on the Open Account button on the broker’s webpage. This will then take the user to a registration page

1. Enter all the parameters of yours including Name, email, Phone, etc
2. You will receive a confirmation link to your email to follow the process
3. Upon receiving access to your online account management you may start Demo Account at this stage
4. Define the account type you wish to open and choose your base currency
5. Specify your trading experience and expectations with the online questioner
6. Upload proof of your address, identity, etc (As per regulatory requirements)
7. Click Submit, allow few working days to verify your documents and account
8. Follow with money deposit
9. Decide whether you want to trade FX products, stocks, or others and start trading

The FBS trading brokerage features a wide array of tradeable instruments across the global markets for their clients to trade. For instance, traders can participate in the trading of 75 financial CFD instruments covering Forex, Indices, Energies, Metals and Stocks.. While the extent of tradeable assets offered is rather small compared to some brokers, the range of markets available to trade in are wide.

Below is a list of just some of the available markets for trading:

Mobile Platform FBS Trader

Meet FBS Trader, an all-in-one trading platform app giving you access to the worlds most wanted trading instruments right from your pocket. Get all the necessary functionality wrapped in a lightweight yet powerful application and access your trades 24/7 from any iOS or Android device.

Commissions and Spreads

The FBS trading brokerage is accepting of all experience levels of traders and therefore provides trading accounts with minimum deposits from as low as $1.00 and professional ECN trading accounts with minimum deposits from $1,000.

The broker also provides detailed minimal and typical spread information and swap information for each account type and asset class being traded on its website, as shown below:

All in all, the spreads and commissions offered by FBS are quite favourable and competitive with the industry standards.

FBS provides their traders with an extensive array of deposit and withdrawal options Most of deposit are free of charge and withdrawals have varying commissions depending on the method used.

• Visa
• e-wallets Neteller, SticPay, Skrill and Perfect Money

Deposits via electronic payment systems are processed instantly. Deposit requests via other payment systems are processed within 1-2 hours during FBS Financial dept.

You can fund your account in your Personal area, via “Financial operations” section, choosing any of the available payment systems.

Withdrawal of money isn’t a complicated process, as you need to enter into your trading account management area and submit a withdrawal request. Typically FBS process withdrawals within 1-2 business days, however allow additional processing time for your payment provider.

Also, what is more great FBS offers 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.

How can I withdraw?

You can withdraw money from your account in your Personal Area.

1. Click on "Finances" in the menu on top of the page.
   
   
2. Choose "Withdrawal".
3. Choose a suitable payment system and click on it.
4. Specify the trading account you want to withdraw from.
5. Specify information about your e-wallet or payment system account.
   For withdrawal via card click on “+” sign to upload back and front sides of your card copy.
6. Type the amount of money you want to withdraw.
7. Click on the “Confirm withdrawal” button.

Trading Feature: FBS CopyTrade

The level of customer care and support provided by FBS is truly phenomenal. Traders can reach support representatives 24 hours a day, 7 days a week via email, live chat, Telegram, WeChat, and telephone with multiple international numbers in a variety of languages including English, Spanish, French, Portuguese, Indonesian, Malaysian, Vietnamese, Turkish, Urdu, Arabic, Hindi, Bengali, Thai, Chinese, Japanese and Burmese

Also, clients can schedule a call back if they prefer not to wait. However, support representatives are generally quick to respond and friendly with their responses.

Additional methods of support include an interaction via various social media channels or extensive FAQ page which covers questions regarding Registration and Verification, Changing and Recovering Personal Data, Financial Operations, Trading Conditions, Trading Platform and more.

The FBS online trading brokerage is a widely used international Forex and CFDs trading brokerage that features an array of tradeable assets across the global markets. FBS is an offshore trading brokerage which raises some concerns, however, they have an excellent reputation and are licensed and regulated by the IFSC. FBS is supporting of all types and experience levels of traders and offers them favourable trading conditions and low commissions and fees. Traders at FBS have an excellent selection of trading platforms to choose from and can trade a variety of financial assets with all the tools and features necessary to succeed.

If you are looking for a reliable and honest broker, consider opening an account at FBS. You will be surprised how easy and comfortable trading on Forex can become when there is a professional company standing behind you.

Yet, we would be glad to know your personal opinion about FBS, you may share your experience in the comment area below, or ask us for some additional information if required.