Introduction
FBS is a global forex and CFD broker that has been in operation since 2002. The company is regulated by the CySEC and offers a wide range of trading products, including forex, stocks, indices, and commodities. FBS also offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and FBS Trader.
With over 15 million clients worldwide, FBS is a popular choice for both beginner and experienced traders. But is FBS a legit broker or a scam? This review will take a closer look at the company to help you decide.
Is FBS Safe?
Yes, FBS is a safe and regulated broker. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 357/17. This means that FBS is subject to strict financial and operational requirements, which helps to protect client funds.
In addition, FBS is a member of the Financial Commission, an independent dispute resolution organization that provides additional protection to clients. The Financial Commission has a compensation fund of up to €20,000 per client in the event of a dispute with a broker.
What Trading Products Does FBS Offer?
FBS offers a wide range of trading products, including:
Forex: Over 70 currency pairs, including major, minor, and exotic pairs
Stocks: Over 100 stocks from major global exchanges
Indices: Over 15 indices, including the FTSE 100, S&P 500, and DAX
Commodities: Over 20 commodities, including gold, silver, oil, and gas
What Trading Platforms Does FBS Offer?
FBS offers three main trading platforms:
MetaTrader 4: A popular platform that is known for its ease of use and wide range of features
MetaTrader 5: An advanced platform that offers more features than MetaTrader 4, such as hedging and algorithmic trading
FBS Trader: A mobile trading platform that allows you to trade from anywhere in the world
What Account Types Does FBS Offer?
FBS offers a variety of account types to suit different traders, including:
Standard: The most basic account type, with no minimum deposit
Cent: A good option for beginners, as it allows you to trade with smaller amounts of money
Zero Spread: An account type with zero spreads, but higher commissions
ECN: An account type with tight spreads and low commissions, but requires a larger minimum deposit
What Are the Fees and Commissions at FBS?
FBS's fees and commissions are competitive. The company charges a spread on each trade, which is the difference between the buy and sell price of an asset. FBS also charges commissions on some account types.
What is FBS Customer Support Like?
FBS offers 24/7 customer support in multiple languages. You can contact customer support via phone, email, or live chat.
What Do Users Say About FBS?
FBS has a good reputation among traders. The company has won numerous awards, including "Best Forex Broker Asia" from the World Finance Awards 2023.
Here are some of the things that users like about FBS:
Wide range of trading products and platforms
Competitive fees and commissions
Good customer support
Regulated and secure
However, there are also some negative reviews of FBS. Some users have complained about slow withdrawals and poor execution.
Overall, FBS is a reputable and regulated forex broker that offers a wide range of trading products, platforms, and account types. The company also has competitive fees and commissions and good customer support. However, it is important to be aware of the potential for slow withdrawals and poor execution.
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