FBS Broker Review All You Need To Know (2024)

FBS is a global online forex and CFD broker, regulated by three reputable financial regulators: CySEC, the Financial Services Commission of Belize (IFSC), and the Australian Securities and Investments Commission (ASIC). Founded in 2002, FBS offers over 70 currency pairs, CFDs on stocks, indices, and precious metals, and cryptocurrencies to trade on its MetaTrader 4 and MetaTrader 5 platforms. With over 27 million traders worldwide, FBS has established itself as a leading provider of forex and CFD trading services.

Is FBS Safe for Traders?

Yes, FBS is considered a safe broker for several reasons:

  • Regulation: FBS is regulated by three reputable financial regulators, ensuring adherence to strict financial and operational requirements.

  • Segregated Client Funds: Client funds are held in segregated accounts, separate from the broker's own funds, protecting them in case of insolvency.

  • Transparency: FBS provides transparent trading conditions, including clear spreads and commissions.

  • Awards and Recognition: FBS has received numerous awards and recognitions for its services, including "Best Forex Broker Asia 2023" and "Most Trusted Forex Broker 2023."

FBS Trading Accounts

FBS offers a variety of trading accounts to suit different traders' needs and experience levels, including:

  • Standard Account: This is the most basic account type, with spreads from 0.9 pips and no commission.

  • Cent Account: This account is designed for beginner traders, with minimum deposits from $1.

  • Zero Spread Account: This account offers spreads from 0 pips, but there is a commission of $30 per round lot.

  • ECN Account: This account is designed for experienced traders, with spreads from 0.1 pips and a commission of $0.7 per round lot.

FBS Trading Platforms

FBS offers two popular trading platforms:

  • MetaTrader 4: A widely used platform known for its user-friendly interface and extensive trading tools.

  • MetaTrader 5: An advanced platform with more sophisticated features and charting capabilities.

FBS Education and Research

FBS provides a range of educational resources to help traders learn about forex trading, including:

  • Forex Webinars: Free webinars hosted regularly on various forex trading topics.

  • Forex Articles: A library of informative articles covering forex trading strategies and market analysis.

  • Forex Glossary: A comprehensive glossary of forex terms and concepts.

FBS Customer Support

FBS offers 24/7 customer support in over 20 languages, ensuring prompt assistance for traders worldwide. Customers can contact FBS via phone, email, or live chat.

FBS Awards and Recognition

FBS has received numerous awards and recognitions for its services, demonstrating its commitment to providing high-quality trading experiences:

  • "Best Forex Broker Asia 2023" - World Finance Awards

  • "Best Islamic Forex Broker 2023" - Global Banking & Finance Awards

  • "Most Trusted Forex Broker 2023" - International Business Magazine Awards

FBS Trader Opinions

FBS has garnered positive feedback from traders, highlighting its strengths:

  • Wide Range of Trading Products: FBS offers a diverse selection of trading instruments, catering to various trading styles.

  • Competitive Trading Conditions: FBS provides competitive spreads and commissions, making trading cost-effective.

  • User-Friendly Trading Platforms: Both MetaTrader 4 and MetaTrader 5 are well-regarded platforms for their ease of use and advanced features.

  • Educational Resources and Support: FBS offers valuable educational resources and responsive customer support to assist traders.

However, some traders have mentioned drawbacks, such as:

  • Limited Islamic Account Options: FBS's Islamic account options may not fully meet the needs of all Sharia-compliant traders.

  • No US Trader Support: FBS does not provide services to traders residing in the United States.

Overall, FBS is a reliable and reputable forex broker suitable for traders of all experience levels. The company offers a wide range of trading products, competitive trading conditions, user-friendly platforms, and valuable educational resources. However, it's important to consider the limitations of Islamic account options and the unavailability of services for US traders.

Before opening an FBS account, carefully review the trading conditions, account types, and available platforms to ensure they align with your trading needs and preferences.

Remember, it's crucial to conduct your own research and compare different brokers before making any trading decisions.