FBS Review 2024: Safe Or Scam Broker? Let's Checked

Yes, FBS is a safe broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). 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.

What Trading Products Does FBS Offer?

FBS offers a wide range of trading products, including:

  • Forex: Over 70 currency 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 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?

User reviews of FBS are mixed. Some traders praise the company's wide range of products, competitive fees, and responsive customer support. However, other traders have complained about slow withdrawals and poor trade execution.

Overall, FBS is a reputable forex broker that offers a wide range of trading products, platforms, and account types. However, it is important to be aware of the potential for slow withdrawals and poor trade execution.

Disclaimer

This review is for informational purposes only and should not be considered investment advice. Please do your own research before trading with any forex broker.

Additional Considerations

  • FBS is not a publicly traded company, which means that there is less transparency about its financial standing.

  • FBS has been fined by regulators in the past for violating certain rules.

Conclusion

FBS is a safe and regulated forex broker with a lot to offer traders. However, it is important to weigh the pros and cons carefully before deciding whether or not to trade with FBS.