- FBS Review 2020
- FBS Review: Summary
- Trading platforms
- FBS Review: Regulation
- FBS Review: Countries
- FBS Review: Trading Platforms
- MT4 & MT5
- FBS Review
- MT4 Multiterminal
- FBS Trader
- Deposit with your local payment systems
- FBS CopyTrade Platform
- Fbs trading platform review
- FBS Review: Trading Tools
- FBS Personal Area Mobile App
- FBS Forex Broker - Which Account Type is the BEST for Trading? - Review
- Virtual Private Server (VPS)
- FBS Review 2020
- Economic Calendar
- Currency Converter
- FBS Review: Regulation
- Trader’s Calculator
- Forex News
- Daily Market Analysis
- What is FBS?
- Forex TV
- FBS Review: Education
- Broker Details
- FBS Review: Trading Instruments
- FBS Review: Trading Accounts & Fees
- FBS Review: Customer Service
- FBS Review: Deposit & Withdrawal
FBS Review 2020
FBS is a regulated brokerage offering online trading on a limited amount of Forex and CFDs via the MT4/MT5 trading platforms. They also provide a range of trading tools, market analysis and educational materials.
FBS Review 2020, Pros & Cons
- Only $1 is required to commence live trading
- CopyTrade which is a social trading platform
- Multiple account types to suit every trader
- No service to clients from USA, UK, Japan, Israel, Canada and other countries
- Limited tradable assets; less than 90
- Very high spreads on Cent accounts
- Limited trading platforms & tools
In this detailed FBS review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FBS is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories.
You can use our free broker comparison tool to compare online brokers including FBS.
FBS Review: Summary
FBS is a global online forex and CFD broker that has been in operation for over a decade and has become very popular amongst online traders.
began operations in 2009 and has grown in strength, size and capital. Today, the broker has offices and partners from all parts of the world. The website is translated in over 17 languages.
The broker claims that every day, thousands of new online trading accounts are opened.
These accounts belong to both traders and new partners. FBS boasts of millions of clients from over 190 countries across the world.
FBS provides access for traders to buy and sell over 75 trading instruments. The platforms available are the popular MT4 and MT5 trading platforms. The broker uses ECN and STP brokerage model which means that they do not trade against the trader or take the opposite position as a market maker broker would. The brand offers spreads starting from 0 pips along with ECN technology for pricing and executions.
Over the years, FBS has won industry standard awards for its online brokerage services.
These awards are in different areas such as trader education, trading accounts and copy trading.
Additionally, FBS has won the overall ‘best broker award’ in various jurisdictions.
FBS Review: Online Broker Awards
FBS Review: Regulation
The European arm of the brokerage (www.fbs.eu) is owned and operated by ‘Tradestone Ltd’ which is a financial investment services firm based in Cyprus.
Tradestone Ltd is regulated by the Cyprus Security and Exchange Commission (CySEC). The registration number is 331/17.
The global website (www.fbs.com) is operated by FBS Markets Inc.
which is regulated by the International Financial Services Commission (IFSC) in Belize. The license number is IFSC/60/230/TS/18.
The European clients are given some form of insurance by the Investors’ Compensation Fund (ICF). If for any reason the broker becomes bankrupt, the ICF can compensate traders up to a maximum amount of €20,000.
All clients are fully verified using the ‘proof of id’ and ‘proof of address’ method.
The broker also adheres to the Anti Money Laundering (AML) policy.
Industry standard Secured Socket Layer (SSL) has been implemented across all platforms and websites. This is to deter hackers and cyber criminals.
FBS Review: Countries
FBS does not allow clients from the following countries: Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.
Some FBS broker features and products mentioned within this FBS review may not be available to traders from specific countries due to legal restrictions.
FBS Review: Trading Platforms
MT4 & MT5
These are the MetaTrader platforms made available to FBS clients. These two platforms are the products of MetaQuotes Software Corporation which is a firm specialised in developing trading softwares.
They came up with the MT4 in 2005 and later in 2010; they developed its updated version known as the MT5. Basically, the two platforms look alike in appearance and have very similar features. The only difference is that the MT5, being the newer version, has more features and even expanded the features already existing in the MT4.
Both platforms are available as desktop applications for windows and MAC computers. They are also available as WebTrader and as mobile apps. The WebTrader version can be accessed from the FBS website on a web browser. It requires no downloads or installations. The MT4 and MT5 apps can be downloaded from the android and iOS app stores.
The apps are easy to use and have most of the features of the desktop application.
Here are a few of the features of the MetaTrader platforms:
- Customisable interface, windows, lists and overall appearance.
- The market Watch and charts display the live ‘bid and ask’ price of every instrument.
- Three chart styles which includes Bar chart, candlestick and line charts.
- MT4 has 9 timeframes while the MT5 has 21 timeframes.
- MT4 has 30 inbuilt indicators while the MT5 has 38.
- Supports the automation of strategies using Expert Advisors (EAs).
- Access the MetaTrader market where you can buy trading tools like signals, indicators, EAs, etc.
FBS Review: Trading Platforms
This is the version of the MT4 trading platform designed for account managers.
The MT4 Multiterminal is capable of managing different trader accounts from a single manager account. The manager can place trades in multiple accounts with a single click.
This is the mobile trading platform from FBS for trading on the go.
Deposit with your local payment systems
The app is designed for iOS and Android devices and can be downloaded from their respective app stores. It has a simple interface and is user friendly. It integrates with the MetaTrader platforms and can also be used to fund and withdraw from trading accounts. With the app, live quotes, charts and statistics can be accessed.
Trade positions can easily be entered, modified or closed from the app.
FBS Review: Trader App
FBS CopyTrade Platform
FBS CopyTrade is a social trading platform where investors replicate the trades of other expert traders who wish to share their strategies.
The investor can copy traders whilst the expert trader receives a commission. The CopyTrade platform ranks the expert traders according to their success. Investors can then profile their statistics and make a choice. The minimum investment amount is $100.
Fbs trading platform review
CopyTrade is only available via its mobile app which is developed for iOS and android devices. With the app, you can customise your favourite traders, start and stop copying a trader in one click and also chat with the support team. It should be noted that past performance is by no means any guarantee of future performance.
FBS Review: CopyTrade App
FBS Review: Trading Tools
FBS Personal Area Mobile App
This is an Android app designed by FBS in order to access the FBS personal area.
With this app, you can create both demo and real accounts and manage all of them. From the app, you can manage your personal profile, fund and withdraw from your trading accounts and also view the accounts history. Account verification can be done from the app.
FBS Forex Broker - Which Account Type is the BEST for Trading? - Review
Customer support is also accessible from the app.
FBS Review: Personal Area Mobile App
Virtual Private Server (VPS)
A Virtual Private Server (VPS) can run your trading platform remotely 24/7 offering reduced latency, consistent internet connection and overall reliability. Traders who use complicated trading systems and automated trading systems (EAs) often insist on using VPS to solve the problem of fast connection round the clock.
FBS Review 2020
With a VPS, you do not need to keep the trading platform running on your computer as it runs remotely. FBS allows clients to set up a free VPS server.
However, the client must be an active trader with a minimum balance of $450.
FBS Review: Virtual Private Server (VPS)
This is an important tool for fundamental analysis.
This calendar is on the FBS Markets website and on the MT5 trading platform. It shows the date and time at which an event is to take place. These events are most likely to have an impact on the forex/CFD market. Analysts’ forecasts and history of past releases are shown on the calendar. The calendar can be searched using filters on the right hand side.
FBS Review: Economic Calendar
This is used to convert one currency to another using the prevailing exchange rates.
This is useful for traders who have a different currency from that of the trading instrument.
FBS Review: Regulation
It is also useful for traders whose account currency is different from their local currency.
This is a very useful tool used to calculate estimated potential profits from a trade. You are to choose the account type, trading instrument, currency, leverage and prices. The trader’s calculator gives you the estimated profit for the trade based on your inputs.
FBS Review: Trader’s Calculator
The news is updated every business day.
It is grouped under the asset classes of commodities, currencies, stocks and economy.
FBS Review: Forex News
Daily Market Analysis
This analysis is presented by FBS analysts.
What is FBS?
This section of the website looks at selected trading instruments and uses technical and fundamental analyses to make predictions. Trading ideas are given to traders to either buy or sell. Sometimes even ‘take profit’ and ‘stop loss’ prices are given. There is no guarantee on the quality of the analysis offered due to the unpredictable nature of trading.
This is made up of videos on daily and weekly market insights.
There are also videos on daily trading plans and video recordings of past webinars.
FBS Review: Forex TV
FBS Review: Education
Forex Guidebook is the ultimate introduction to the world of forex trading. It is arranged in order for beginners, elementary, intermediate and experienced traders.
The guide consists of articles, pictures and clear illustrations.
A library of the recommended forex books is listed on the website. This is to encourage beginners to buy some of these books and read. Most of the books can be bought from Amazon and the link to buy is provided.
There are over 100 books to choose from.
Webinars and Seminars are announced from time to time. Webinars are more frequent as it comes up almost every week.
Seminars are periodically held in different cities.
Also, there are video lessons on MetaTrader, FBS services and general forex trading.
FBS Review: Trading Instruments
FBS offer 28 forex pairs which includes the major and the minor currency pairs.
Also there are 9 exotic pairs, 5 metal assets, 3 CFDs and 33 US stocks.
FBS Review: Trading Accounts & Fees
The following online broker account types are available:
- Cent Account: This minimum opening balance is $1 and the floating spread starts from 1 pip.
The trading fee is incorporated into the spread. The maximum leverage is 1:1000. For European clients, the opening balance is €10 and the spread is 1:30.
- Micro Account: The amount required to open this account is $5. The spread is fixed and it starts from 3 pips.
The maximum leverage is 1: 3000.
- Standard Account: This is the entry level account for a trader. The minimum account opening balance is $100. The variable spread starts from 0.5 pips and the maximum leverage is 1:3000. For European clients, the opening balance is €100 and the maximum spread is 1:30.
- Zero Spread Account: The opening balance is $500 and the spread is fixed at 0 pips.
Commissions are charged at $20 per lot. The maximum leverage is 1:3000.
- ECN Account: This is the premium account offered by FBS. The floating spread starts from 1 pip and a commission of $6 is charged.
The maximum leverage is 1:500 and the minimum opening balance is $1000.
FBS Review: Account Types
Commissions are only charged on the ‘Zero Spread’ and ECN accounts. Only the Standard and Cent accounts are available to European clients.
The maximum leverage is 1:30 due to ESMA regulations.
Demo accounts are available for all account types.
Islamic accounts are available on request. Islamic accounts do not incur rollover charges.
As broker fees can vary and change, there may be additional fees that are not listed in this FBS review. It is imperative to ensure that you check and understand all of the latest information on the official FBS website before opening a brokerage account.
FBS Review: Customer Service
FBS proudly asserts that its customer support desk is always available 24/7.
The support team is multilingual and can be reached via phone, email, fax and ‘call back’ form. The call back form is used to schedule a call from the support team at your convenience.
For instant chats, they can be reached on web chat, viber, facebook messenger and telegram.
On social media, they are on facebook, Instagram, twitter and YouTube.