FBS Review 2024 Is It A Good Broker?

Introduction

Founded in 2009, FBS is a global online broker that offers forex trading, stocks, indices, and other financial instruments. Headquartered in Cyprus, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). With over 27 million clients in 150 countries, FBS has established itself as a reputable player in the online trading industry.

Is FBS a Safe Broker?

FBS's regulatory oversight by CySEC and ASIC ensures that it adheres to strict financial and operational requirements. The company 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," reinforcing its credibility.

To further safeguard its clients, FBS offers negative balance protection, which prevents traders from losing more than their deposited funds. Additionally, the company segregates client funds from its own, ensuring that traders' money is secure.

What Trading Platforms Does FBS Offer?

FBS provides a variety of trading platforms to suit different traders' preferences and needs. These include:

  • MetaTrader 4 (MT4): A popular and versatile platform known for its extensive charting tools, technical indicators, and automated trading capabilities.

  • MetaTrader 5 (MT5): The successor to MT4, offering advanced features like improved charting and more sophisticated order types.

  • FBS Trader: A proprietary platform designed for beginners, offering a user-friendly interface and a basic set of trading tools.

What Trading Instruments Does FBS Offer?

FBS offers a wide range of trading instruments, catering to diverse trading strategies. These include:

  • Forex: Over 70 forex pairs, encompassing major, minor, and exotic currencies.

  • Stocks: Over 100 stocks from global markets, including US, European, and Asian equities.

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

  • Commodities: 10 commodities, including gold, silver, and oil.

What Account Types Does FBS Offer?

FBS caters to traders with varying trading styles and account sizes by offering three main account types:

  • Cent Account: Designed for beginners and traders with smaller accounts, requiring a minimum deposit of $1.

  • Standard Account: The most popular account type, suitable for traders of all levels, with a minimum deposit of $100.

  • Zero Account: Offers commission-free trading but has wider spreads than other account types, requiring a minimum deposit of $300.

What Fees Does FBS Charge?

FBS's fee structure is transparent and competitive, with charges primarily associated with spreads and commissions.

  • Spreads: Spreads vary depending on the instrument and account type, starting from as low as 0.9 pips for Standard Accounts.

  • Commissions: Zero Account trades incur a commission of $30 per round trip.

What Educational Resources Does FBS Offer?

FBS recognizes the importance of trader education and provides a comprehensive range of resources to support traders' learning and development. These include:

  • Forex Webinars: Regular webinars covering various trading topics, from technical analysis to fundamental analysis, conducted by experienced market analysts.

  • Forex Articles: A library of informative articles delving into various aspects of forex trading, including market updates, trading strategies, and risk management techniques.

  • Forex Glossary: A comprehensive glossary defining common forex terms and concepts, serving as a valuable reference for traders.

What Customer Support Does FBS Offer?

FBS prioritizes customer support, providing 24/7 assistance in over 20 languages. Traders can reach FBS via phone, email, or live chat, ensuring prompt and personalized support.

Conclusion

FBS emerges as a reliable and trustworthy broker, offering a comprehensive suite of trading services, competitive fees, and extensive educational resources. With its strong regulatory background, user-friendly platforms, and diverse trading instruments, FBS caters to both novice and experienced traders seeking a secure and supportive trading environment.

Disclaimer

This review is for informational purposes only and should not be construed as financial advice. Before making any trading decisions, conduct your own research and consult with a financial advisor.