FBS Review 2023

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Our Verdict on FBS

We recommend the broker FBS for Forex trading. Where FBS truly stands out is its wide offering of Forex currency pairs (over 100). During the FBS review, the live account opening (Cent Account) was smooth. Desktop trading platforms MT4 and MT5 were running fine, and we connected with our API without problem. The proprietary mobile trading app FBS Trader was fast, and we find it very intuitive even for beginners.

On the other hand, FBS lacks Real Stocks, ETFs and Mutual Funds, and Options, and is unsuitable for investors.

Our team of investing experts at BestOnlineForexBroker.com™ rated FBS with 4.8 out of 5.

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Pros & Cons

Pros
  • High Leverage Up To 1:3000 (non-EU clients)
  • Min. Deposit from $10 only
  • Forex Spread from 0.5 Pip
  • 50+ Currency Pairs
  • Recommended for forex trading
  • Well Regulated & Safe Broker
  • Easy to reach customer support
Cons
  • Limited financial instruments
  • Limited base account currencies
  • Not suitable for real stock, ETF investors

Compare FBS Fees vs. Competition

Let us compare the FBS fees with competition XM, XTB, and Pepperstone.

Asset Classes / BrokerFBSXTBXMPepperstone
Stock CFDsMinimal Spread
01 - 5 Points
$0.5 - $o.6 (Average)$ 0.15 (Average)$0.8 + Market Spread + $ 0.02 Commission
ForexFrom 0,7 Pip SpreadFrom 0,1 Pip SpreadFrom 0,1 Pip SpreadFrom 0,0 Pip Spread
Cryptocurrencies CFDFrom 165 PointsFrom 0.2% spreadFrom $1.65From $2.60
Minimum Deposit$10$1$5$1
Withdrawal Fee$0$0$0$0
Inactivity Fee$0$10$0$0

Non-trading Fees

  • There is no account inactivity fee
  • There is no account deposit or withdrawal fee charged
  • FBS does not charge any account opening fees

Is FBS Considered Safe?

 

FBS broker is considered safe & trustworthy.

FBS is regulated by one Tier-1 Regulator, two Tier 2 Regulators and one Tier 3 Regulator.

Tier 1 Jurisdictions:

  • The FBS Oceana operates in Australia with the legal name of Intelligent Financial Markets Pvt. Limited. It is regulated by the Australian Securities and Investments Commission (ASIC) under the license number 426359.

Tier 2 Jurisdictions:

  • It is registered and licensed with the legal name of Tradestone Limited under license no. 331/17 and registration no. HE 353534 by the Cyprus Securities and Exchange Commission (CySec).
  • It is also regulated and licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.

Tier 3 Jurisdictions:

  • For all other international clients, it offers legal protection through its international registration with the International Financial Services Commission (IFSC) of Belize under the legal name FBS Markets Inc. and with a license no IFSC/000102/460.

FBS does offer protection to its customers worldwide. However, its account protection of € 20,000 is only available in the EEA region.

It also offers negative balance protection to all its clients.

Financial Instruments

FBS offers investment/trading assets in the following categories:

  • 52 Forex Currency Pairs
  • 99 Stocks (CFD)
  • 11 Indices (CFD)
  • 5 Commodities (Metals & Energy) (CFD)
  • 30 Cryptocurrencies (CFD)

FBS broker does not offer some popular investing instruments like ETFs, Mutual Funds, Bonds, and Real Stocks.

Now let us take a look at some popular assets under each category offered by FBS to its clients.

Stocks CFDs

FBS offers approximately 99 stocks through CFD trading to its retail and professional account holders. You cannot purchase real stocks directly through FBS.

Some popular stocks available through its trading platform include:

  • Apple, ATT, AXP
  • BAC, BARC, Cisco, Coca-Cola, Disney
  • Ford, GM, GSK, IBM, MasterCard, Microsoft, Mcdonald’s
  • Netflix, Nike, NVIDIA, SAP, TESLA, VISA, and Walmart.

Forex Pairs

FSB has a limited but curated list of top forex currency pairs on offer to its clients.

The collection of forex pairs at FSB including majors has:

  • EUR/USD, USD/JPY, GBP/USD, USD/CHF
  • AUD/USD, USD/CAD, NZD/USD
  • EUR/GBP, EUR/CAD, GBP/CAD

Indices CFDs

FSB offers a limited collection of stock indices. It has only 11 indices on offer at the moment for its clients.

For a leading broker like FSB, it is certainly a limiting factor to offer a few indices and also a limited collection of overall products and markets.

Indices on offer include:

  • AU200, DE30, ES 35, EU50, FR40, HK50, JPY 225
  • UK200, US30, US100, US 500

Metals and Energy CFDs

Like other assets, you’ll be wanting more from FSB in the energy/metals section too. It offers only three energy assets and a few metals.

The metals/energy CFDs on offer include:

  • XBRUSD, UNGUSD, and XTIUSD.
  • XAUUSD and XAGUSD.

So, if you are looking for other than Brent, Crude, Gold, or Silver, you wouldn’t find anything under FSB’s collection of assets.

Cryptocurrencies CFDs

Traders must open a Crypto Account with FSB to choose from its collection of cryptocurrencies.

Its Standard and Cent Accounts do not offer cryptos directly. So, you’ll have to switch to the crypto account first.

It offers only 30 cryptocurrencies including:

  • BTCUSD, BCHUSD, BNBUSD
  • BTCUSD, ETCUSD, ETHUSD, and XRPUSD.

Trading Platforms

FBS offers all types of trading platforms for mobile, desktop, and online users. It offers renowned and widely-used platforms like MT4/MT5 and also a built-in trading platform for its mobile users.

Mobile Trading Platform – FBS Trader

FBS Trader is the built-in trading platform by FBS broker for its mobile users. It is available on both IOS and Android devices.

FBS claims its simplicity and powerful user interface as its primary features. It also comes with a clean design for a user-friendly experience.

Some key features of the FBS Trader platform include:

  • Easy and quick access to your FBS trading account.
  • Users can access all products/markets on offer through the mobile account.
  • The FBS Mobile app offers different order types including stop loss, Market, and limit loss orders.
  • It comes with two-step authentication for enhanced security.
  • It comes with a search feature to quickly place orders.

The only limitation of the FBS Trader platform is no alerts/notification feature as yet.

Desktop Trading Platforms – MT4 & MT5

Like many of its competitors, FBS also offers web and desktop trading platforms through MT4 and MT5 trading platforms.

Both MT4 and MT5 are available as web, desktop, and mobile trading platforms for FBS users. You can access these platforms on Windows and Mac devices as well.

Here are some key features of the MT4 trading platform:

  • Help in technical analysis through 50 charts and indicator tools.
  • It offers the copy-trading option to help you follow successful traders in real time.
  • Traders can use Expert Advisory (EA) and script services from MT4.
  • It offers different order types including stop, market, limit, Good till canceled, etc.
  • It comes with an effective and fast search feature.
  • The portfolio reports and asset reports are impressive on MT4.

Here are some key features of the MT4 trading platform:

  • The MT5 trading platform comes with 38 charting/indicator tools.
  • It offers 21 time frames for its users globally.
  • You get access to market news, economic calendar, market depth analysis, and other useful information.
  • It comes with Hedging and Netting options for users as well.

On top of these features, you can access a wide range of technical indicators, robotic trading, and utility services on MT5.

Customer Service

If you are in trouble with the account setup or need any other type of assistance from FBS, it offers exceptionally good customer care services.

FBS offers 24/7 access to its customer support services for its users through different channels.

You can contact FBS customer care in one of these possible ways:

  • Live chat for regular queries
  • Phone support at +357 25313540
  • Fax Support at +357 25313541
  • Email contact at: info@fbs.eu or support@fbs.eu.

Another key feature of its customer support is the Callback option. You can fill out the online form available there and provide your contact details to get a callback from the FBS customer care team at your selected time.

Trading Accounts

You can open a Demo account with all the features of a Standard or Cent account before you try the real one.

FBS offers three types of trading accounts for its regular users worldwide.

The Cent Account

This account type is useful for beginners who want to access limited trading tools at lower costs first up.

You only need $10 to open the Cent Account with FBS. You can get started with a Facebook or Gmail account quickly or register manually online.

  • Minimum deposit amount $10
  • Market execution 0.3 seconds
  • Leverage 30:1
  • Order volume is from 0.0001 to 500 lots

The Standard Account

The Standard account comes with more features and access to advanced trading tools. It is recommended for experienced traders.

  • Minimum Deposit amount is $100
  • Market execution time is 0.3 seconds
  • Leverage on offer is 30:1
  • Order volume is 0.1 to 500 lots

The Crypto Account

If you want to trade cryptocurrencies through FBS, you must open the Crypto Account. This account offers access to MT5 and FBS Traders platforms only.

The crypto account also comes with the same features and access to trading tools as the Cent and Standard accounts except its leverage is restricted to 2:1 on crypto assets.

Note: FBS users have the option to switch the Cent and Standard accounts into Islamic Trading accounts that offer different spreads and no Swap (interest charges).

Research and Education

The research and educational resources at the FBS trading platform are also impressive.

You get access to search features, news, charting tools, and other market data tools through MT4/MT5 and FBS Trader platforms.

Some major analytics and research tools include:

  • Forex news and daily market analysis
  • Forex TV
  • Forex Intense (educational course)
  • Forex Calculator and economic calendar
  • Webinars, trading ideas, video lessons, and courses.

 

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