FBS Review 2024 - Regulated Forex Broker in South Africa

FBS stands out as a prominent forex broker, catering to over 27 million traders globally. Established in 2009, FBS has earned accolades like "Best FX Broker in Asia" and "Best Customer Service Broker in Asia, Africa, and the Middle East."

Regulation and Security:

FBS is regulated by top-tier financial authorities, including CySEC and ASIC, ensuring adherence to strict financial and operational standards. Client funds are safeguarded through negative balance protection and segregated account policies.

Trading Platforms:

FBS caters to diverse preferences with a variety of trading platforms:

  • MetaTrader 4 (MT4): A user-friendly platform with extensive charting tools and automated trading capabilities.

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

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

Trading Instruments:

FBS offers a wide range of trading instruments for various trading strategies:

  • 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.

Account Types:

FBS caters to individual needs with 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.

Fees and Spreads:

FBS maintains a transparent and competitive fee structure, 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.

Educational Resources:

FBS empowers traders with a wealth of educational resources to enhance their trading knowledge and skills:

  • Forex Webinars: Regularly conducted webinars covering various trading topics, led by experienced market analysts.

  • Forex Articles: A comprehensive library of informative articles delving into various aspects of forex trading.

  • Forex Glossary: A valuable reference for traders, providing clear definitions of common forex terms and concepts.

Customer Support:

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

Positive User Reviews:

FBS has garnered a reputation for its commitment to customer satisfaction, reflected in numerous positive reviews from traders.

Conclusion:

FBS emerges as a secure, reliable, and reputable broker, consistently recognized for its commitment to client safety, competitive trading conditions, comprehensive educational resources, and exceptional customer support. With its strong regulatory background and dedication to trader success, FBS is an attractive choice for both novice and experienced forex traders.