FBS Review 2022 - (www.fbs.com) It is Safe to Invest?

About FBS and its Regulation

FBS is an online broker that offers financial market trading in forex and CFDs. In the EU, FBS is operated by Tradestone Ltd and regulated by the Cyprus Securities and Exchange Commission (CySEC). The global branch is run by FBS Markets Inc and regulated by the International Financial Services Commission of Belize (IFSC).

FBS has its headquarters in Cyprus and claims to have over 17 million active traders in over 150 countries ranging from Malaysia and Indonesia to South Africa, Pakistan, and the EU.

Entities are regulated across multiple regions:

ASIC 426359

CySEC 331/17

IFSC/000102/198

FSCA 50885

FBS Pros

The following are some of the benefits of trading with FBS:

• Integration of MT4 and MT5 Ultra-low minimum deposits

• Zero-pip spreads that are competitive

• Account for trading cryptocurrencies

• A variety of promotions and deposit bonuses are available.

FBS Cons

Our review uncovered the following flaws:

• In the EU, there are fewer account and trading options. Commissions are payable on a variety of trade types at the global firm.

FBS Market Instruments

FBS offers the following trading instruments to trade

• Forex consists of 28 standard pairs and 16 exotics.

• Metals there are four precious metals.

• WTI and Brent crude oil are examples of energy.

• Stocks (global only) 40 shares of US, 30 shares of UK, and 30 shares of German companies

• Indices - There is a long list of cash-based indexes, including the NASDAQ.

• Cryptocurrency trading is possible through the FBS Trader app and the web-based Personal area. Cryptocurrencies can be traded directly and in 35 pairs – crypto/crypto or crypto/fiat, such as BTC/USD and LTC/USD.

FBS Forex Spreads

• GBPUSD: 1.3

• EURUSD: 0.7

• EURGBP: 2.7

• Assets: 44

FBS Leverage

The maximum leverage available varies according to account type and branch. In the European Union, the broker offers leverage of up to 1:30 on Standard and Cent account types. It provides up to 1:1000 on the Cent account, 1:500 on the ECN account, and 1:3000 on other account types globally.

FBS has a margin call of 40% or less, after which it has the right to close a client's position.

FBS Trading Account Types

New clients can choose from a variety of live account types.

The broker provides Standard and Cent accounts in the EU. The global branch also provides the Micro, Zero Spread, and ECN accounts. Order volumes are consistent across all account types.

Unlike the other accounts that use STP, the ECN account has no trading limits and uses ECN for market execution. In general, the higher the account tier and the more competitive the trading requirements, the more you can deposit.

For aspiring digital currency investors, FBS also provides a dedicated crypto trading account. With a suite of analysis tools and features to enhance the trading experience, clients can take positions on leading tokens. The broker's crypto trading solution provides leverage of up to 1:5.

When you open an account, you must submit documents to verify your name, address, and the country from which you are registering.

Benefits and Drawbacks

Advantages

The following are some of the benefits of trading with FBS:

• Integration of MT4 and MT5

• Ultra-low minimum deposits

• Zero-pip spreads that are competitive

• Account for trading cryptocurrencies

• A variety of promotions and deposit bonuses are available.

Disadvantages

Our review uncovered the following flaws:

• In the EU, there are fewer account and trading options.

• Commissions are payable on a variety of trade types at the global firm.

FBS Payment Methods

FBS offers a wide array of payment methods to choose from:

• Credit Card

• Mastercard

• Neteller

• Rapid Transfer

• RBK Money

• Skrill

• Sticpay

• Swift

• Visa

• WeChat Pay

• Western Union

• Wire Transfer

• WorldPay

FBS Deposit and Withdrawals

Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. EU firm requires an initial deposit of €10 on the Cent account and €100 on the Standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000.

FBS Trading Bonus

The 'Level Up' bonus is currently in effect at FBS. You can receive $70 if you open a level-up bonus account. This can be increased to $140 by using the FBS Personal Area App. Full terms and conditions can be found on the FBS website.

FBS Trading Platforms

MetaTrader 4 (MT4)

FBS clients can download MetaTrader 4 (MT4) for PC, a market-leading platform. The trading platform includes a number of features, including:

• Expert Advisors (EA) service and APIs

• one-click execution and copy-trading

• A wide range of technical indicators and charting tools are available.

• Help for clients who use a virtual private server (VPS)

FBS's global branch also provides MT4 MultiTerminal, which allows clients to manage multiple accounts at the same time.

MetaTrader 5 (MT5)

This broker's portfolio recently expanded to include MT5 integration. This platform is a recent update to MT4 that provides greater versatility and includes the following features:

• Netting and hedging

• View from the Market Depth

• Additional technical indicators

• Additional order types and timeframes

The WebTrader solution also makes MT4 and MT5 available without the need for a download via any browser. This service is compatible with all operating systems and includes all of the original software's features.

You can also use Expert Advisor on MetaTrader to easily trade. Check out at WikiFX Trading Expert Advisor (EA) Page

FBS Mobile Apps

FBS Trader App

FBS Trader is a free and fully-featured trading app, thanks to the owner and CEO. It is available from Google Play for Android (APK) devices. It is also available on iOS outside of the EU. The broker's downloadable app provides forex and top trading instruments, as well as real-time stats and simple management.

MT4 and MT5 Apps

Both MetaTrader platforms have mobile apps available on the App Store and Google Play. The apps include the main features of the native platforms, such as technical analysis, as well as the convenience of one-click trading while on the go.

FBS Demo Account

FBS offers demo versions of the Cent and Standard accounts in the EU. MT4 and MT5 integration are available, and a variety of instruments are available for practice trading with no deposit required.

When you are satisfied with the broker's services, you can open a live account.

FBS Trading Hours

The FBS broker website is always accessible. The opening hours of each asset vary depending on the market and timezone, but forex is open 24 hours a day, seven days a week.

The broker also offers a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24 hours a day, seven days a week.

FBS Customer Support

Customer support is available in English, Spanish, Portuguese, French, German, and Italian:

• Email – info@fbs.eu / info@fbs.com

• Live chat – logo in the bottom right

• Contact number – +357 25313540

• Address – Vasileos Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus

The Safeness of FBS Trader

FBS protects the personal information and privacy of its clients. Transport layer security is also used to protect transactional information (TLS). For added security, the MetaTrader platforms support dual-factor authentication during the login process.

Conclusion

FBS is a global forex broker that offers low minimum deposits and a wide range of trading accounts with MT4 and MT5 integration, as well as the FBS Trader app. Spreads are competitive, and this broker will appeal to both novice and experienced traders.

FBS Alternatives

If you're looking for FBS alternatives, we've put together a list of the top 5 brokers that are similar to FBS below. This list of brokers similar to FBS is organized by similarity and includes only companies that accept traders from your location.

• OctaFX – OctaFX provides multi-asset trading across multiple platforms and mobile solutions.

• Admiral Markets – Admiral Markets is a leading Forex and CFD broker that provides the MT4 and MT5 trading platforms.

• RoboForex – RoboForex is a multi-asset online broker that provides effective trading tools.

• FxPro – FxPro is a multi-asset broker that offers several trading platforms.

• ThinkMarkets – ThinkMarkets is a forex and CFD broker that is multi-regulated.

You can also see each the difference between brokers using the Online Brokerage Comparison

FBS vs Admiral Markets

FBS vs RoboForex

FBS vs FxPro

FBS vs ThinkMarkets

FAQS About FBS

Where is FBS governed？

The Cyprus Securities and Exchange Commission (CySEC) regulates this broker in the EU, and the International Financial Services Commission of Belize regulates it elsewhere (IFSC).

Is FBS a reputable broker？

FBS is a genuine broker, not a sham. It is licensed by reputable financial authorities and has received positive online feedback.

Is there any kind of bonus program at FBS？

FBS's global branch offers 100% deposit bonuses and promotions with no deposit required. This broker also provides trader competitions and a VPS service.

What is the FBS minimum deposit？

Clients can open an account in the global branch with $1 and in the EU with $10. The higher the initial deposit, the tighter the spreads and the more sophisticated the trading tools.

FBS provides which platforms？

FBS offers both MT4 and MT5 platforms, which are accessible via any browser as well as mobile apps. FBS Trader, an in-house mobile application, is also available from this broker.

Is the FBS broker trading on the Nasdaq 100？

Yes, clients can trade on the NASDAQ as well as three other major indices: the S& P 500, the Dax30, and the Dow Jones.