FBS Forex broker review, is it a legit broker or fraud?

Introduction

FBS is a global online broker that offers forex trading, stocks, indices, and other financial instruments. Founded in 2009, FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). The broker offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, as well as numerous educational resources and tools.

Is FBS a legitimate broker?

With over 15 million clients from more than 190 countries, FBS is an established and reputable broker. The company has won numerous awards, including "Best Forex Broker in Asia" and "Best Customer Service Broker in Asia, Africa and the Middle East".

In addition to its regulatory credentials, FBS offers a range of features to protect its clients, such as negative balance protection and segregation of client funds.

What trading platforms does FBS offer?

FBS offers a variety of trading platforms, including:

MetaTrader 4: This is a popular and versatile platform suitable for traders of all experience levels. MT4 offers a variety of features, including charting tools, technical indicators, and automated trading capabilities.

MetaTrader 5: This is the latest version of the MetaTrader platform, which offers some additional features, such as improved charting and more advanced order types.

FBS Trader: This is a proprietary platform designed for beginners. FBS Trader is a user-friendly platform that offers a basic feature set.

What trading tools does FBS offer?

FBS offers a variety of trading tools, including:

Forex: FBS offers over 70 Forex pairs, including major, minor, and exotic pairs.

Stocks: FBS offers over 100 stocks from around the world, including US, European, and Asian stocks.

Indices: FBS offers 15 indices, including major indices such as the S&P 500 and FTSE 100.

Commodities: FBS offers 10 commodities, including gold, silver, and oil.

What account types does FBS offer?

FBS offers three main account types:

Cent Account: This account is designed for beginners and traders with smaller accounts. The minimum deposit for the Cent Account is $1.

Standard Account: This is the most popular account type and is suitable for traders of all experience levels. The minimum deposit for the Standard Account is $100.

Zero Spread Account: This account offers commission-free trading, but its spreads are wider than other account types. The minimum deposit for the Zero Spread Account is $300.

What fees does FBS charge?

FBS charges a variety of fees, including:

Spread: The spread is the difference between the buy and sell prices. FBS's spreads are competitive and start at 0.9 pips.

Commissions: FBS charges a commission for Zero Spread account trades. The commission is $30 per trade.

Deposits and Withdrawals: FBS does not charge fees for deposits and withdrawals.

What educational resources does FBS offer?

FBS offers several educational resources, including:

Forex Webinars: FBS regularly hosts Forex webinars covering a variety of topics, such as technical analysis and fundamental analysis.

Forex Articles: FBS has published several Forex articles covering a variety of topics.

Forex Glossary: FBS has a Forex Glossary that defines common Forex terms.

What Customer Support Does FBS Offer?

FBS offers 24/7 customer support in over 20 languages. Customers can contact FBS via phone, email, or live chat.

Conclusion

FBS is a reputable and regulated broker that offers a variety of trading tools, platforms, and educational resources. The broker’s fees are competitive, and customer support is excellent. Overall, FBS is a good choice for traders of all experience levels.

Disclaimer

This review is for informational purposes only and should not be considered financial advice. Always do your own research and consult a financial advisor before making any trading decisions.