Establishment and Historical Origin
FBS was established in 2009 and has since matured and grown to the stature of a broker known globally, offering foreign exchange trading and access to CFD markets. In just a few years, FBS became the trading parameter of millions and billions of traders across over 150 countries, catering to over 27 million retail clients.
Mission and Vision
The mission of FBS is to provide a seamless trading experience and make all levels of traders feel great through training and services. The leading broker in the industry envisages being the people's choice as their transparent and trusty transacting partner wherever in the world.
Global Presence
FBS operates globally with major operations in Asia, the Middle East, and Europe, which accounts for local language support and regional payment methods along with tailoring trading instruments to each of the expanding number of markets.
Advantages and Disadvantages
Advantages:
- The broker offers excellent negative balance protection to all traders
- FBS does an excellent job in securing top-tier regulation, and ensuring your funds are always secure
- Their trading services are available in many countries worldwide
- They have won more than 90 awards over the years for their top quality service
Areas for Improvement:
- Physical office locations for the broker are quite limited at only one
Security and Regulation
FBS holds licenses from the following:
- CySEC (Cyprus)
- ASIC (Australia)
- IFSC (Belize)
These licenses ensure the company adheres to stringent rules and regulations in conformity with both regulatory and operational systems.
Fund Segregation and Insurance
Client funds are kept in high-level segregated accounts with top-notch banks to ensure safety from the company's liabilities. Moreover, the company provides insurance for additional security cover.
Trading Instruments
Forex Pairs
FBS offers an impressive range of currency pairs, from majors to minors to exotic pairs, satisfying both beginners and professionals.
Commodities
Gold, silver, crude oil, and natural gas are available for traders to add to their portfolios.
Indices
NASDAQ, S&P 500, and FTSE 100 are some of the global indices on which FBS trades are based.
Cryptocurrencies
Trade top cryptocurrencies like Ethereum, Ripple, and Bitcoin as FBS provides excellent options for digital asset futures.
Types of Accounts
Standard
| Minimum deposit | 0 |
|---|---|
| Commission | 1.0 |
| Available tools | 0 |
| Leverage, min | 1:1 |
| Leverage, max | 1:3000 |
| Margin call level | 80 |
| Stop-out level | 50 |
Fees and Charges
Spreads and Commissions
Starting at 0.0 pips for major currency pairs on Raw Spread accounts, while Standard accounts offer competitive spreads without commissions.
Swap Rates
FBS provides detailed transparency on swap rates for overnight positions. For Islamic accounts, swaps are disabled.
Inactivity Fees
An inactivity fee is charged after a long period without account use, encouraging active trading.
Trading Platforms
| Available tools | Forex, Commodities, Share CFDs, Indices |
|---|---|
| CFD | Forex: 43 Metals: 2 Stocks: 100 Indices: 11 Energy: 3 |
MetaTrader 4 and 5
FBS users operate the industry-standard trading platform MetaTrader, offering automated trading solutions, broad access to underlying assets, and advanced charting systems.
cTrader
The speed in executing tasks and the range of order types are distinguishing features of cTrader.
Mobile Trading Apps
iOS and Android users can download the MT4 Android/iOS mobile apps for total account management and real-time access on a handheld device.
Customer Support
Registration Procedure
The FBS registration procedure is simple: fill out an application, select an account type, and confirm your email.
Verification Requirements
Submit a valid personal identification document (passport or government ID) and proof of residence that matches AML regulations.
Deposit and Withdrawal
Deposit Methods
FBS offers diverse opportunities for wire transfers, credit/debit cards, and practically all e-wallet payments such as Skrill, Neteller, etc.
Processing Times
Deposits are processed instantly; withdrawals take 1 to 3 business days depending on the transaction method used.
Associated Fees
Many FBS deposits incur no charge; however, some withdrawal methods might include small transaction fees. It's worth noting these charges before withdrawal.
FAQ
Is the broker regulated?
Yes, FBS is regulated by CySEC, ASIC, and IFSC.
What trading platforms are available?
FBS offers MetaTrader 4, MetaTrader 5, and cTrader. It also has iOS and Android mobile applications available for users who prefer this way to trade.
What is the minimum amount required to open an account?
An account can be opened with as little as $1, depending on the account type selected.
What types of accounts does the company offer?
FBS offers four account types: Standard, Raw Spread, cTrader, and Islamic, to cater to the needs of traders.
Which fees and commissions are charged?
FBS charges spreads, commissions, swaps, and inactivity fees for clients with dormant accounts.
What is the maximum leverage in this service?
FBS offers leverage up to 3000:1 depending on the account type and jurisdiction.
Does the broker offer demo accounts?
Yes, FBS provides a free demo account for "try-before-you-buy" consumers like investors and traders.
How can I contact customer support?
FBS has 24/7 customer support available anytime via live chat, emails, or phone. Team members can converse in a selection of languages.