FBS is a global online forex and CFD broker regulated by CySEC, the Financial Services Commission of Belize (IFSC), and the Australian Securities and Investments Commission (ASIC). Founded in 2002, FBS offers over 70 currency pairs, CFDs on stocks, indices, and precious metals, and cryptocurrencies to trade on its MetaTrader 4 and MetaTrader 5 platforms.
Is FBS Safe for UAE Traders?
Yes, FBS is safe for UAE traders. The broker is regulated by three reputable financial regulators, including the Cyprus Securities and Exchange Commission (CySEC), which is a highly respected regulator in the European Union. This means that FBS is subject to strict financial and operational requirements, which helps to ensure that the broker is operating in a safe and compliant manner.
In addition, FBS holds funds in segregated client accounts, which means that your money is protected from the broker's own creditors in the event of insolvency. This is an important safeguard for traders, as it helps to ensure that their money is safe even if the broker goes bankrupt.
FBS Trading Accounts for UAE Traders
FBS offers a variety of trading accounts to suit different traders' needs, including:
Standard Account: This is the most basic account type, with spreads from 0.9 pips and no commission.
Cent Account: This account is designed for beginner traders, with minimum deposits from $1.
Zero Spread Account: This account offers spreads from 0 pips, but there is a commission of $30 per round lot.
ECN Account: This account is designed for experienced traders, with spreads from 0.1 pips and a commission of $0.7 per round lot.
FBS Trading Platforms for UAE Traders
FBS offers two trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are popular among forex traders and offer a wide range of features, including:
Technical analysis tools: A wide range of technical indicators and drawing tools can be used to analyze charts and identify trading opportunities.
Fundamental analysis tools: News and market data can be accessed to help traders make informed trading decisions.
Automated trading: Expert Advisors (EAs) can be used to automate trading strategies.
FBS Education and Research for UAE Traders
FBS offers a variety of educational resources to help UAE traders learn about forex trading, including:
Forex webinars: Free webinars are hosted regularly on a variety of forex trading topics.
Forex articles: A library of forex articles is available on the FBS website.
Forex glossary: A glossary of forex terms is available on the FBS website.
FBS Customer Support for UAE Traders
FBS offers 24/7 customer support in over 20 languages, including Arabic. UAE traders can contact FBS by phone, email, or live chat.
FBS Awards and Recognition for UAE Traders
FBS has won a number of awards for its services, including:
"Best Forex Broker Asia 2023" - World Finance Awards
"Best Islamic Forex Broker 2023" - Global Banking & Finance Awards
"Most Trusted Forex Broker 2023" - International Business Magazine Awards
FBS Trader Opinions for UAE Traders
FBS is a popular forex broker with a good reputation among UAE traders. The company offers a wide range of trading products and services, as well as a variety of educational resources and customer support. However, some traders have complained about the broker's spreads and commissions.
Overall, FBS is a good choice for UAE traders of all experience levels. The company offers a wide range of trading products and services, as well as a variety of educational resources and customer support.
Here are some additional things to consider before opening an FBS account:
The minimum deposit requirement is $1.
FBS does not offer Islamic accounts.
FBS is not available to traders in the United States.
It is important to do your own research before choosing a forex broker. Make sure to compare different brokers and choose one that is right for your needs.
Please note that this is not an exhaustive review of FBS. You should always do your own research before making any trading decisions.
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