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FBS Review

FBS Review

 

Overall, founded in 2009, FBS is a respectable broker with global regulatory coverage, allowing traders to leverage up to 1:3000 and deposit as little as $5 USD. The company has won multiple accolades and employs more than 200 people.

 

In this in-depth review you’ll find the following information:

 

  • A complete FBS broker review
  • FBS minimum deposit details
  • An overview of FBS Account Types
  • Details regarding FBS Demo account offered
  • Steps to Register a new FBS live account.
  • Pros and Cons of FBS
  • Details on FBS sign up bonus
  • FBS vs Exness vs AvaTrade
  • Information on FBS Partnership option

 

And lots more…

 

Let’s dive right in…

 

FBS at a Glance

 

BrokerFBS
📜 RegulatedFSC
🕖 Time to open an account1 day
🚀BonusYes - Deposit Bonus
🗺️ Country of regulationBelize
📊Trading Islamic AccountYes, available
💳 Demo Trading AccountYes
💰Spreads0.9 pips
💰Leverage 1:3000
💰 Minimum deposit$5 USD
📅 Year of Foundation2009
📙 Website Languages Dutch, English, Spanish, Italian, Portuguese, Turkish, Chinese, Arabic, Korean, Vietnamies
💵 Account currencies USD, EUR, JPY,
🥇 Trading InstrumentsCurrency pairs, Metals, Energies, Indices, Shares, Crypto
📈 Trading PlatformsFBS Trader, MT4, MT5
🎓Affiliate ProgramYes
🚀 Open a account👉Click Here

 

Overall Rating

Min Deposit

USD 1

Regulators

IFSC, FSCA, ASIC, CySEC

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

250

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

FBS Review – 20 Keypoint Overview

 

 

 

FBS Overview

 

𝗕𝗿𝗼𝗸𝗲𝗿𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀
FBS👉Click Here$5 USDFSC (Belize)

 

The FBS CFD trading platform was founded in 2009 by investors who were interested in trading research and technical analysis. FBS provides global markets with transparent and trusted applications for more than 27M CFD traders.

Today, FBS is an international brand present in over 150 countries. The brand unites several companies offering their clients opportunities to trade Margin FX and CFDs. The companies include FBS Markets Inc. (licensed by IFSC), Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).

Regarding security, state-of-the-art electronic trading platforms, research and education, FBS is rated highly as a trusted retail broker and is safe to use for forex traders in Africa.

 

FBS Review

 

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Is FBS Regulated?

 

🧾 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿🔎 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻📈 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗡𝘂𝗺𝗯𝗲𝗿
🥇 Financial Services Commission📌 FSC000102/460

 

The International Financial Services Commission (IFSC) oversees FBS Markets’ ability to provide trading services to foreign exchange traders. The International Financial Standards Commission (IFSC) plays a vital role in the growth and well-being of financial markets. It also keeps an eye on companies like FBS Markets to make sure that laws and regulations are being followed.

FBS is a global brand that is currently available in more than 150 nations. The brand brings together a number of businesses that provide their customers with margin FX and CFD trading alternatives. The firms are Tradestone Ltd. (licensed by CySEC), Intelligent Financial Markets Pty Ltd. (licensed by ASIC), FBS Markets Inc. (licensed by IFSC), and TRADE STONE SA (PTY) LTD. (licensed by FSCA).

 

FBS Regulators

 

FBS Minimum Deposit

 

💰 Account🚀 Open an Account💰 Min Deposit
📌Standard👉Click Here$5 USD

FBS Minimum Deposit

 

Types of FBS Account

 

Standard Account

🥈𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀📌𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
Minimum deposit$5 USD
Maximum leverage1:3000
Spread0.7 pips
CommissionNo commission
Instruments550+ Instrument
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here

 

FBS Account types

 

Overall Rating

Min Deposit

USD 1

Regulators

IFSC, FSCA, ASIC, CySEC

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

250

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

FBS Sign-Up Bonus

 

𝗔𝘀𝗽𝗲𝗰𝘁𝗗𝗲𝘁𝗮𝗶𝗹𝘀
💰BrokerFBS
🎉 Sign Up Bonus100% Deposit Bonus
💰 Minimum Deposit$5 USD
🤝 Partnership OptionYes
🚀 Open an Account👉Click Here

 

FBS Sign Up Bonus

 

FBS Demo Account

 

𝗔𝘀𝗽𝗲𝗰𝘁𝗗𝗲𝘁𝗮𝗶𝗹𝘀
🥇BrokerFBS
🆓 Demo AccountYes
💰 Virtually FundedNot Indicated
💻 Terminal AccessFull
🚀 Open an Account👉Click Here

 

Clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. An FBS demo account gives you access to the forex and CFDs market. You can trade in real-time under real market conditions but with zero risks of losing real money on a forex trade order.

Once beginner traders have spent time learning how to trade on a free demo account, they can progress to opening a live trading account.

 

FBS Demo Trading

 

FBS Islamic Account

 

𝗔𝘀𝗽𝗲𝗰𝘁𝗗𝗲𝘁𝗮𝗶𝗹𝘀
🥇BrokerFBS
☪️ Islamic AccountYes
💻 Accounts OfferedStandard
🚀 Open an Account👉Click Here

 

FBS Islamic account

 

How to Open an FBS Account – Step-by-Step Guide

 

1. Step 1: Start your Registration

 

Open the official website for FBS and navigate to either one of the options ” Open Account” or “Start trading now”

 

FBS Open an account

 

2. Step 2:  Complete information

 

Complete your email address and full name and select Register. Traders can also use there Facebook, Google account or Apple account to create an account.

 

FBS Account registration

 

3. Step 3:  Select your account option

 

Select whether you would like to trade with real account or demo account.  If real mode is selected , choose “Open account”

 

FBS Selecting your account

 

4. Step 4:  Select your account option

 

Make your selection of the Trading Platform, Account Currency and Leverage you would like to use for your account and select “Open Account”

 

FBS Account options selection

 

5. Step 5:  Time to deposit

 

As soon as your account has been registered and email verified, you will be taken to a screen with your MetaTrader login details and the option to start depositing and you can start trading

 

FBS Account fully registered

 

FBS Pros and Cons

 

✅ Pros❎ Cons
Various Financial InstrumentsFBS charges inactivity fees if an account remains dormant for a specified period.
Educational resources availableLimited Deposit and Withdrawal Options
Leverage options providedOnly offers one account type.
FBS Markets is regulated

 

FBS VS Exness VS AvaTrade – Comparison Table

 

𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒔☑️𝑭𝑩𝑺☑️𝑬𝒙𝒏𝒆𝒔𝒔☑️𝑨𝒗𝒂𝑻𝒓𝒂𝒅𝒆
RegulationFCSCBCS, CySEC, FCA, FSA, FSC, FSCA, CMACBI, ASIC, BVIFSC, FSCA, ADGM, ISA
Minimum Deposit$5 USD$10 USD$100 USD
Sign Up Bonus100% Deposit bonus NoBonus Calculator available. With Minimum deposit of $200 receive $40 bonus
Islamic AccountYesYes, availableYes, available
Leverage1:30001:Unlimited400:1
Withdrawal feeyesYesZero
Spreads0.7 pipsThe minimum spread across all
accounts is 0.1 pips
0,9 pips
Demo Trading AccountyesYesYes
Account TypesStandard AccountStandard, Cent, Raw, Zero and Professional AccountStandard, Islamic, and demo account
🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕👉Click Here👉Click Here👉Click Here

 

FBS Customer Reviews

 

FBS Trustpilot

 

Strong side

FBS broker is on the one hand is very simple, on the other one it’s a big advantage, ain’t it?
I believe so. You don’t need to spend oodles of time researching the information about its services, everything is in the website and there are some words about the brand itself online.
I suppose it’s cool. That’s why I continue working with them without any second thoughts.

 

FBS Green Trustpilot Stars

 

Narrow spreads and lowest commissions

If I had to choose between FBS and any other broker I have dealt with before, I would certainly choose FBS.

When you have something to compare with, you realize the importance of tight spreads and commissions even more.

 

FBS Green Trustpilot Stars

 

I actually joined FBS brokers cos of a Promo they ran

I actually joined FBS brokers cos of a promo they ran late least year, met all T&C at the end of the contest, & I was truly rewarded. Traded with the profit, was able to withdraw after making further profit in a live trading account.

One amazing feature with FBS is their speedy deposit & withdrawal. In all fairness, they are super fast & efficient. I use to use a broker that it takes them over 48hrs before i either get credited or making deposit. It takes FBS minutes in making deposit (to live trading account) & less than 6hrs in crediting my local bank (when making withdrawal).

 

FBS Green Trustpilot Stars

 

10 Best Forex Brokers for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

AvaTrade-Islamic

4.8/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

Tickmill Review

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.7/5

User Score

#10

4.7/5

User Score

 

Deposits and Withdrawal

 

➡️ Methods to deposit money into an FBS trading account

  • credit or debit cards
  • electronic funds transfer (EFT)
  • virtual wallets such as Skrill, Neteller, Sticpay

Deposits are processed instantly into your FBS account when you use traditional electronic payment systems. Deposits take about 1 to 2 hours if you use other payment systems. Bank wire transfers can take up to 7 working days to appear in your trading account.

 

➡️ Withdraw money from an FBS account

You withdraw funds from an FBS trading account with the same payment system you used to deposit funds into your account. Go to the Finance section in the Personal Area and select the Withdrawal option. Follow the easy steps to withdraw funds from your FBS account.

 

➡️ Timeframe on FBS withdrawals take?

  • e-payments: up to 30 minutes
  • Credit or debit cards: 3 to 4 working days
  • Bank wire: 7 to 10 working days

 

Steps to Withdraw Funds from FBS Account

 

𝗦𝘁𝗲𝗽𝘀𝗙𝗕𝗦 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹
𝗦𝘁𝗲𝗽 𝟭:
Log into FBS on the official FBS Markets website and select “Withdrawal” from the “Finances” section.
𝗦𝘁𝗲𝗽 𝟮:
Choose a preferred payment method and select “Withdraw”.
𝗦𝘁𝗲𝗽 𝟯:
Select your FBS Markets trading account from which to withdraw funds and complete information
𝗦𝘁𝗲𝗽 𝟰:Type the amount to be withdrawn.
𝗦𝘁𝗲𝗽 𝟱:Select the “Confirm Withdrawal” banner.

 

FBS Fees, Spreads, and Commission

 

𝗔𝗰𝗰𝗼𝘂𝗻𝘁
𝗦𝗽𝗿𝗲𝗮𝗱𝘀𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻
Standard account0.9 pips1:30000%

 

FBS Fees and Spreads

 

FBS Partnership Options

 

FBS provides Introduction broker program and Affiliate program as well as Partnership commission.

 

 

FBS Partnership and Affiliate program

 

FBS Product Portfolio

 

🔎𝗜𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁📌𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼
☑️ForexMajor, minor and exotic currency pairs
☑️ Metals and energyBrent crude oil, WTI crude oil, silver and gold
☑️StocksApple, Amazon, Microsoft, Facebook, Tesla, Netflix etc.
☑️IndicesDAX, S&P500, US100 etc.

 

FBS Product portfolio

 

 

FBS Broker Trading Platforms

 

FBS offers its clients a choice of three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and a proprietary platform called FBS Trader. All three FBS trading platforms are available as mobile apps.

 

➡️ MetaTrader 4

MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading but the company hit the jackpot with MT4.

Today, MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders.

 

➡️ MetaTrader 5

MetaTrader 5 (MT5) was developed by MetaQuotes Software Corp. and launched in June 2010. MT5 is not a new and improved version of MT4. It was created to broaden MetaTrader’s functionality from a single-market trading platform to a multi-market platform, offering traders an advanced trading platform to trade a broader range of financial instruments.

MT5 is a multi-asset platform that traders and investors use to trade forex, CFDs on stocks, commodities, cryptocurrencies, indices, and exchange-traded futures. MT5 provides traders with superior tools for comprehensive price analysis, algorithmic trading applications. MT5 uses custom indicators and Expert Advisors for trading automation

 

➡️ FBS Trader

FBS Trader is a proprietary trading platform app that offers the broker’s clients a convenient way to trade multiple financial assets. The proprietary trading app provides all the functionality of MetaTrader 4 but in a simplified format. FBS Trader is compatible with iOS and Android devices and is available from the App Store and Google Play.

 

FBS Trading Platforms

 

Overall Rating

Min Deposit

USD 1

Regulators

IFSC, FSCA, ASIC, CySEC

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

250

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Conclusion

 

In conclusion, by serving as middlemen for foreign exchange market dealers, FBS makes it easier for anyone to access foreign currency markets. The majority of traders can begin with a $5 USD minimum deposit, and with 0.7 pip fluctuations, leverage can reach 1:3000 USD. FBS is fully regulated and provides new traders with a bonus on their first deposit.

 

You might also like: AvaTrade Review

You might also like: Exness Review

You might also like: HF Markets Review 

You might also like: XM Review

You migh also like: RoboForex Review

 

Disclaimer

 

Forex and CFDs are complex instruments and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information provided is published to help improve your knowledge and understanding of international multi-asset trading and market participants.

 

10 Best Forex Brokers for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

AvaTrade-Islamic

4.8/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

Tickmill Review

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.7/5

User Score

#10

4.7/5

User Score

 

Frequently Asked Questions

 

Does FBS have a Welcome Bonus?

Yes, FBS offers a Welcome Bonus in the form of a Quick Start no-deposit bonus. New clients get $100 to trade live accounts, and no initial deposit is required.

 

What type of broker is FBS?

FBS is a hybrid No Dealer Desk (NDD) broker and offers STP and ECN accounts.

 

How do you withdraw the FBS trading bonus?

You can trade lots on a real account in FBS Trader and withdraw your bonus profit:

  • $5 for every lot you close
  • $2,5 for every lot with a hedge

 

Can I start trading with no money in my live FBS account?

No, you cannot start trading forex if you have not deposited the required minimum deposit for your FBS trading account. You can only trade with no initial deposit on a free demo account. A demo account allows you to trade forex with ‘fake’ money but you don’t earn profits from any trades.

 

What does FBS charge to withdrawal funds?

FBS charges a minimum withdrawal fee of $50 for bank wire transfers. A fee of $1 is charged for all other payment systems.

 

What leverage does FBS offer?

FBS offers maximum leverage up to 3000:1 on the Micro, Standard and Zero Spread trading accounts. The leverage on the Cent account is 1000:1 and 500:1 on the ECN account.

 

Does FBS offer an Islamic account?

Yes, FBS offers an Islamic swap-free option on the Cent and Standard live accounts.

 

Does FBS charge a deposit fee?

No, FBS does not charge a deposit fee. However, your bank will charge relevant transaction fees.

 

Does FBS have Nasdaq?

Yes, FBS offers NASDAQ-100 (US100). US100 is traded as a CFD on the MT4, MT5 or FBS proprietary platform. The NASDAQ-100 (US100) assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.

 

Does FBS offer a free demo account?

Yes, FBS offers a free demo account on the MetaTrader 4 and MetaTrader 5 trading platforms.

 

Where is FBS’ headquarters based?

FBS headquarters are based at 21 Vasili Michallidi, 3026 Limassol, Cyprus.

 

Is FBS legit?

Yes, FBS is a legitimate forex and CFDs broker and electronic trading platform. FBS is a market name of FBS Markets Inc, which is licensed and regulated by four top-tier authorities. FBS operates under license to perform multi-asset trading services in over 150 countries with over 400 000 brokerage partners and some 16 million forex traders.

 

Who is the CEO of FBS?

The founder and CEO of FBS is Marrck (full name is Satthakarn Chuenkomol).

 

Does FBS offer online support?

Yes, FBS offers dedicated online Customer Support for its forex traders via Live Chat on their website. Live Chat is available 24-hours a day, 5-days a week. You can also contact FBS Customer Services via email or telephone.

 

Does FBS offer a demo account for forex traders?

Yes, FBS offers a free demo account for beginner forex traders. A demo trading account is funded with virtual money but provides all the features of a live account. It’s the perfect account for beginner forex traders to improve their trading skills before moving onto a live forex account.

 

Does FBS have a mobile app for forex trading?

Yes, FBS offers an easy-to-use mobile app for MetaTrader 4, MetaTrader 5 and FBS Trader.

 

Does FBS publish an Economic Calendar?

Yes, FBS publishes an Economic Calendar.

 

8.7/10 - (26 votes)

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