FBS Review 2024 | Can This Broker Be Trusted?

Introduction

FBS is an international online broker that offers forex, 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 a number of educational resources and tools.

Is FBS a Safe Broker?

FBS is regulated by two Tier-1 regulators, which means that it is subject to strict financial and operational requirements. The broker also holds a number of industry awards, including "Best FX Broker in Asia" and "Best Customer Service Broker in Asia, Africa, and the Middle East."

In addition to its regulatory credentials, FBS also offers a number of features that help to protect its clients, such as negative balance protection and segregated 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 that is used by traders of all levels of experience. MT4 offers a wide range of features, including charting tools, technical indicators, and automated trading capabilities.

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

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

What Trading Instruments Does FBS Offer?

FBS offers a wide range of trading instruments, 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 the 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 small accounts. The minimum deposit for a Cent Account is $1.

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

  • Zero Account: This account offers commission-free trading, but it has wider spreads than the other account types. The minimum deposit for a Zero Account is $300.

What Fees Does FBS Charge?

FBS charges a number of fees, including:

  • Spreads: The spread is the difference between the ask and bid prices of an instrument. FBS's spreads are competitive, and they start from 0.9 pips.

  • Commissions: FBS charges commissions on Zero Account trades. The commission is $30 per round trip.

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

What Educational Resources Does FBS Offer?

FBS offers a number of educational resources, including:

  • Forex webinars: FBS offers regular forex webinars that cover a variety of topics, such as technical analysis and fundamental analysis.

  • Forex articles: FBS publishes a number of forex articles that cover a wide range 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 by phone, email, or live chat.

Conclusion

FBS is a reputable and well-regulated broker that offers a wide range of trading instruments, platforms, and educational resources. The broker's fees are competitive, and its customer support is excellent. Overall, FBS is a good choice for traders of all levels of experience.