FBS Forex Broker Review
FBS is a Cyprus-based forex broker that provides trading in currencies, gold and silver as well as CFDs and futures contracts. Additionally, it provides various account types.
FBS' legitimacy can be judged based on several factors, including its ownership structure and degree of transparency. For instance, it does not publish annual financial statements.
BrokerChooser gave FBS a 435 rating based on anazing 500+ criteria
FBS is a well-established forex broker that provides various trading platforms and accounts. Additionally, it boasts excellent customer support and is regulated by various financial authorities.
Cyprus-based broker CySEC supervises its activity on the Stock Exchange of Cyprus as part of CySEC, an European financial authority. CySEC also monitors licensed collective investment funds (CIFs), registered investment service companies and investment consultants.
Its ownership structure is transparent, which adds legitimacy to the company. Furthermore, two-step authentication is provided when logging in - an essential safety measure.
FBS is a reliable company, but some of its competitors may offer better services to traders. It's worth exploring their features to determine whether FBS can deliver the optimal experience for you.
Customer support is one of the most essential factors when selecting a forex broker. How quickly they respond to phone calls and emails, as well as their relevance of responses, determines how good their service truly is.
FBS' customer service scores highly for speed of response (how quickly they answer the phone) and relevance of replies (whether they provide clear answers to your queries).
The company provides live chat, email and telephone support 24 hours a day. Their friendly staff will answer your queries quickly and efficiently.
They provide a wealth of educational materials and tutorials, as well as trading platform demo accounts. These are an excellent starting point for learning about the market if you are new to online trading.
FBS makes depositing and withdrawing funds from your account a breeze. You can do so using either credit/debit card, as well as PayPal.
FBS offers a mobile app to trade from, which you can download onto your phone or tablet. The app supports various order types like Market, Limit, Stop and Market Stop as well as being available in numerous languages. Downloading is easy from either Google Play Store or Apple App Store - simply search for "FBS Mobile".
It offers a variety of account types
FBS provides forex traders with a selection of account types tailored to each trader's individual needs. Each type offers features designed to make trading simpler and safer.
Standard accounts cater to experienced traders, while cent and micro accounts cater to newer or smaller traders. These accounts offer leverage up to 1:3000, have floating spreads starting at 0.5 pips, and require just $100 in minimum deposit requirements.
Furthermore, all accounts offer market and limit orders, stop-losses and trailing stops. Clients can set conditional alerts for visual and auditory notifications, plus they have access to negative-balance protection in case a trade or group of trades causes their accounts to go negative.
Traders can open an account by filling out the online registration form and uploading documents. After that, they'll be required to fill out a trading experience survey as part of a security measure designed to protect clients from fraud and abuse.
Once a trader has passed the verification process, they can begin trading in the forex market. They have various payment methods available such as credit cards, FasaPay, Local bank transfer, Neteller, Skrill, Perfect Money and Wire Transfer for deposits and withdrawals of funds.
The broker also provides a complimentary demo account for traders to test out its products and services without investing real money. This is an excellent opportunity to evaluate strategies without risking any funds.
FBS provides a wide selection of trading instruments, such as forex, commodities, gold and silver, indices, stocks and crypto. Its website boasts an extensive trading glossary which helps traders become familiar with different markets and trading instruments.
It offers a variety of trading platforms
FBS is a forex broker that provides its clients with various trading platforms, such as MT4 and MT5, for desktop computers, as well as the FBS mobile app. Furthermore, they provide various deposit and withdrawal methods.
Their website is user-friendly and offers an impressive selection of market analysis tools. Additionally, they host regular webinars with a focus on education so traders can gain new skills or refine existing ones.
On their platform, traders can trade forex mainstream currency pairs, minor currencies, exotics, metals, stocks, energy and indices. They have six live trading accounts to choose from: Cent, Micro, Standard, Zero-spread ECN and Crypto.
The minimum deposits for each account type are EUR10 and EUR100, respectively; leverage is set at 1:30 on the standard account and 0.05 for cent accounts. They also offer a free demo account which lets you try their trading platforms without risking any money.
They accept a variety of payment methods, including bank wire transfers, and are accessible 24 hours a day. Withdrawal processing times are usually quick - usually taking no more than 48 hours.
Additionally, they provide a free VPS (virtual private server) service perfect for EAs. This eliminates downtime while trading and speeds up your trades.
FBS is an established and reputable online broker, offering a comprehensive selection of forex and CFD trading products for both retail and professional investors alike. Regulated in Cyprus by CySEC and IFSC, FBS also provides negative balance protection for European clients.
FBS is a global online broker with an excellent reputation and record of customer satisfaction. They are an ideal choice for both novice and experienced traders alike.
They provide a wealth of trading tools and resources, such as live price alerts, real-time market tracking, an extensive library of charts and economic indicators. Furthermore, they have an advanced social trading platform that enables users to copy other traders' trades.
They provide customers with a range of rewards and bonus programs. These include rebates, cash awards and prizes as well as "parties," in which account-holders receive discounts or cash rewards in exchange for promoting the broker. Unfortunately, these schemes are not available to EU citizens due to CySEC regulations; however non-EU accounts still have an opportunity to earn substantial cash through these incentives.
It offers excellent customer support
FBS customer support provides a variety of customer service channels such as phone, live chat and ticketing. You can contact the company through these channels at any time; they promise to respond within 48 hours.
The broker also offers seminars and webinars which are an excellent way to learn more about Forex trading. These events take place around the world and are highly interactive; traders can get advice from industry professionals and ask questions directly to the presenter.
When selecting a Forex broker, customer support should be one of the top priorities. FBS excels here and should be given special consideration as one of the leading Forex brokers.
FBS provides 24/7 customer support in various languages to assist with trading queries. Their live chat facility is great for quick answers, or if your query requires more complex attention, you can contact them by email or telephone.
Their ticket system is an excellent way to stay on top of your issue, while their knowledge base answers most queries. Furthermore, you can access their Twitter, Telegram and Viber accounts for further communication with them.
They provide training on their website that provides comprehensive step-by-step guides for beginners, elementary, intermediate and advanced traders. These are divided into levels and cover various disciplines within Forex trading.
This is an invaluable resource for traders, potentially taking your skills to the next level. Additionally, they offer a cent account which is ideal for testing out strategies without risking real money. This is definitely worth trying out!
Research is an integral component of any Forex trading strategy, and FBS excels at it with their market analysis, news, and daily commentary from in-house analysts. These articles are well-written and updated regularly to stay abreast of the newest market movements.
In addition to the above, they also have a Forex TV channel which provides weekly insights and daily trading plans. Furthermore, they have an extensive glossary of terms and trading rules so you can become well-versed in the Forex markets.