FBS Markets is an online forex and difference contracts (CFDs) broker, founded in 2009. Since 2009, the company has grown significantly and can boast more than 2.5 million active traders in 2017. The broker is internationally active and also has the necessary licenses through IFSC and CySEC (Europe).
International customers are accepted by this company. In addition, FBS has obtained international branches with customer support in more than 20 languages. The largest customer base is in Asia. FBS is well known through live events and charity for the poor. The broker is specialized for Forex Trading, which you can see on the broker’s homepage. FBS tries to give its customers the best conditions for currency trading. With this broker, you can start trading for any amount of money, because the minimum deposit is only $ 1.
Facts about the company:
• Founded in 2009
• International broker
• Specialized in Forex Trading
• More than 2.5 million active traders and partners
• Charity and sponsorship program
• Interesting bonus programs
• The main customer base is in Asia
Regulation and security
When it comes to dealing with real money an official regulation from a broker is very important. There are some scam brokers who act without a real regulation to make fraud on the client’s money. To avoid these practices always take care of the broker’s regulations before you start investing real money.
• Regulated by IFSC in Belize
• Regulated by CySEC in Cyprus (Europe)
• Regulated payment methods only
FBS is regulated by IFSC in Belize and by CySEC in Europe (Cyprus). The Belize regulation registration number is 119717 and the license is IFSC / 60/230 / TS / 18. This is an official regulation where the headquarters of the companies are. You can check it out for yourself. The broker only receives this regulation, acting as a serious Forex broker. In addition, FBS uses only regulated payment methods for customer transactions. This is also a very important point. In conclusion, it seems to me that FBS is a reliable broker for online trading. It is a regulated company so that fraud cannot happen in our opinion.
Deposit and withdrawal
Depositing and withdrawing money is as easy as registering with FBS. The broker offers different payment methods to make your transactions. You can use bank cards or electronic wallets. First of all, we recommend verifying your complete identity with FBS before depositing and starting to trade with real money. On the Dashboard, you will see the instructions. It is very important because the broker only withdraws for verified accounts.
These methods are available for deposit and withdrawal:
• Perfect money
• Local exchangers and Wire Bank
Deposits using electronic methods are working instantly. The money is credited directly to your account. Withdrawal can take a maximum of 48 hours. From my experience withdrawals are made very quickly and in less than 48 hours.
FBS extends its limitations to trading accounts, where it offers two types, a Standard Account and a Cent Account. The main difference between the two is the minimum deposit, which starts at $ 10.00 for Cent and $ 100.00 accounts. The minimum spread on both is fluctuating, which starts at 1.0 pip and the maximum leverage is 1:30. The Cent account also has a maximum order volume of 5 standard lots (1 standard lot is equal to 100,000 units), where the standard account sees this limit increased to 500 standard lots. The maximum number of open / pending positions is set to 200 with an initial execution speed of 0.3 seconds.
The Cent Account is basically a basic account for new Forex traders to start with micro deposits and is more suitable for creating and testing new strategies, but quite irrelevant, as the Standard Account has a minimum deposit requirement. FBS does not offer special trading conditions for traders with higher balances or more frequent trading activities, a feature that is another unfortunate shortcoming for this Forex broker.
Trading platforms and mobile app
FBS extends its limitation only to the MT4 Trading Platform for Windows, Apple macOS, Android, Apple iOS and FBS WebTrader. While MT4 remains the most used trading platform by Forex traders, FBS makes no effort to offer traders something that is not included in the standard operating license of the MT4 Trading Platform. Many Forex brokers don’t even pay the full license and can obtain their trading platform under a White Label partnership through another Forex broker for a fraction of the cost.
Popular choices, especially for new traders, such as social trading or copying, remain absent, as FBS once again follows its minimalist approach and offers the minimum necessary to operate as a Forex broker. The listed resources are part of the MT4 trading platform and should not be credited to what FBS offers.
FBS is safe?
FBS is a trademark used by Tradestone Limited, which is a registered company in Cyprus, an investment company regulated by the EU and by MiFID registered with CySEC. Additional FBS entity is located in the Marshall Islands and Belize, which are offshore zones that do not really prove their reliable status on their own. However, together with the European CySEC regulation, it makes FBS a broker that meets regulatory requirements and therefore offers reliable trading conditions.
Therefore, and due to its license compliance obtained with the MiFID directive, there are strict rules for protecting money, while FBS keeps traders’ funds in segregated accounts, making it inaccessible for any other use of the company, in addition to improving resources and protection of the negative balance. In addition, being a Cyprus Investment Firm, FBS falls under the Remuneration Scheme, which protects the client’s investments in the event of the broker’s insolvency.
FBS in the Terms of the Trading Conditions
It looks good in terms of account types. There are options like standard account, cent account, nano (micro), zero spread account, ECN account. He’s very generous with leverage. There are accounts where you can leverage up to 1: 3000.
The spread values are on average. In addition, FBS forex is an international forex company that can be traded on the MetaTrader 4 and MetaTrader 5 platforms. The company is very generous in bonuses. Whenever I log in to the FBS website, I see 8-10 types of bonus campaigns. There is even a 100% bonus. I don’t know how they will get the cost of the transaction service they offer, giving so many bonuses.
The broker also has a copy trading platform, which allows investors to automatically track the positions of other more experienced traders. The platform allows you to become a signal provider on FBS. The broker makes a ranking of the best traders in different time frames: from one week to 12 months. This allows you to choose the trader’s profile that matches your expectations. FBS CopyTrade is available for Android and iOS. Therefore, it is absolutely possible to open an account and follow professional traders with your smartphone.
We found a number of analysis tools on the FBS website. The brokerage offers you a dynamic economic calendar. The economic calendar is an important tool for traders who have a macroeconomic approach to markets. The most important future financial events are listed. FBS also has a section dedicated to economic news, especially on currency pairs. This section is updated regularly. You can follow political and economic events that have an impact on the markets. FBS analysts publish, among other things, their technical and fundamental market analyzes.
FBS is one of the brokers that offer the best customer support. Support is available in 18 languages and can be reached by email, phone or instant messaging. Fbs customer support can be reached 24 hours a day, 7 days a week. This is really an advantage over many of your competitors who do not support the demands of their customers over the weekend. Support is available in 18 languages.
FBS can boast of being the broker that offers its customers or prospects most methods of connecting with support. There is an online chat on the website. This is very convenient if you are looking for specific information and cannot find it. The broker is also very active on social networks. You can contact them via Facebook Messenger, Telegram or Twitter.
The broker offers support by email and phone. With regard to the latter, you have the option to request to be called back later by an agent. You leave your phone number and when you want to be called back by an agent using a form. Before contacting support, your questions may well find their answers on the FBS FAQ, which is on the “about” tab of your website. However, we found that the FAQ is not detailed enough and that many other questions could be answered.
FBS is a serious and regulated broker in Europe. It offers Forex and CFD trading via the various platforms it brings to its clients. They enjoy some protection from their money and can benefit from good experience and trade in FBS.
The trading cost at this broker is not one of the most competitive in the industry, but the broker compensates for this disadvantage by diversifying its deposit methods and trading platforms.
FBS Bonus & Promotions
We were quite impressed with the extensive list of promotions and bonuses on offer at FBS. These range in their scope and coverage and are clearly designed for a broad array of traders.
If you are going to be taking advantage of any of these, be sure to check the eligibility with your country / account.
- 100% Deposit
This is a deposit bonus that will give you the exact amount that you deposit as a bonus. This can be a great way for you to augment your balance with some additional liquidity
- Trade $100 Bonus
This is a relatively new bonus that will give you a free $100 to trade with and improve your trading skills. This bonus does not require any form of funding so it can be considered truly “free”.
This is a promotion that will pay you cash back on the lots that you trade. This can be up to $15 per lot for every lot – losing trades included.
This is free to enter and you can activate it in your account area. It is also available on all accounts at FBS. You can see an exact breakdown of the cashback numbers in this table. Clearly the micro account has the most cashback for lots traded.
- Partner Bonus
If you are an affiliate (see below) and refer traders to FBS then you qualify for this partner bonus. This is a great way for you to add up to $3,000 on top of your monthly commissions.
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