FBS Review

FBS Overview

FBS was founded as an international broker that serves clients from over 150 countries since 2009 shows its excellence by numerous prestigious awards and cutting-edge technologies on the Forex Market. While at the very beginning the broker was established in Belize only, lately, FBS became also a Cyprus Broker. That definitely helps and supported expanding of its service to a European population for both newbie and professional traders. FBS is a Forex and CFD broker which offers trade on Forex, Indices, Stocks, Metals and Energies on the MT4, MT5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS.

Regulated, set by the European legislation environment brought greater capabilities to a broker with useful tools and fully authorized trading service, which push FBS development even better. Further in our FBS review we will cover its trading proposal conditions and see whether they are competitive.

FBS is an official trading partner of FC Barcelona since January 2020. In May 2021, FBS became Leicester City principal partner.

In over 150 countries, FBS instills confidence among its traders thanks to strict regulation from CySEC, ASIC, IFSC, and the FSCA, as well as its rock-solid trading foundations. FBS is built on a hybrid Straight Through Processing and Electronic Communications Network model. FBS traders enjoy some of the lowest capital requirements in the industry and can choose from a thorough selection of trading education videos, webinars, and articles on the website. Matched with an expansive selection of account types and extras, FBS capably welcomes and helps nurture every type of trader.

FBS Pros & Cons

FBS operates for many years and provides stable trading environment, there are good trading conditions including copy trading on MetaTrader4 and 5, spreads are considered low based on our research also the education section is wide. FBS has low stock and stock index CFD fees and charges no inactivity fee. The account opening process is fast and simple, while deposits and withdrawals are free of charge and user-friendly. The customer service and education materials are excellent.

From the negative side, trading instruments are limited to Forex and CFDs and trading conditions vary in each entity, we recommend signing with European entity for better transparency.
There are only a few account base currencies, and there is no investor protection for non-EU clients.

FBS Pros:

• Low stock and stock index CFD fees and no inactivity fee
• Easy and fast account opening
• Excellent customer support & education
• Excellent market analysis

FBS Cons: 

• Slim product portfolio
• No investor protection for non-EU clients

FBS Regulation

FBS is regulated by CySEC in the EU and ASIC in Australia. These top-tier regulators offer a degree of safety and security to traders in their jurisdiction.
Spreads in some popular trading instruments are competitive at FBS. Spreads under 1 pip in pairs like EUR/USD reduce costs and are especially important for active traders.
FBS is a beginner-friendly broker, with a special account type for newbies and extensive educational materials.
Competitive spreads in some instruments and the advanced platform functionality of Meta Trader make FBS a choice for experienced traders.
Keep an eye out for the overnight (swap) fees which can add up to be substantial over time. Also, some instruments such as the Dow Jones Index (DJ30) have wide spreads that make it expensive to get in and out of positions – making it harder for short-term traders to make a profit.

Regulated By

Cyprus Securities and Exchange Commission (Cyprus)
Australian Securities and Investment Commission (ASIC, Australia)
Authorized Financial Services Provider (FSCA, South Africa)
International Financial Services Commission (IFCA, Belize)

FBS Login

If you’d like to sign up for an FBS  Trading account, click one of the “Go to site” links on this page to be securely redirected to the FBS share trading website. You can then open an account by filling out an online application.

It takes around 5-10 minutes to apply and you will need to provide:

• email address and phone number
• residential address
• username and password
• A photograph or scanned copy of your Australian driver’s license or passport
• Once the FBS accounts team has approved your application, you will then be able to fund your account and begin trading shares.

FBS Trading Platform

The non-dealing broker system of FBS and the FBS copy trade apps enable the rapid market execution of trading orders. Post registration and login, the website of FBS allows the users to get access to two types of MetaTrader trading platforms (mt4 and mt5) for trading and investment in a wide range of assets.

MetaTrader 4

The MetaTrader 4 broker of FBS is a regulated and highly advanced site. It is easily available for download and installation in the devices of the users. The trader may access the MetaTrader 4 platform for the following reasons:-

• One-click market execution of trading orders and copy trading
• The availability of an impressive array of charting tools and technical indicators for tracking trading conditions
• Easy access to Expert Advisors (EAs) for auto trading capabilities and automated copy trading in markets
• Quick execution of trading and investment orders on the go through mobile applications of the platform
• VPS (Virtual Private Server) trading support availability for the FBS clients
• The international offices of FBS offer access to the MetaTrader 4 Multi Terminal to allow the clients to operate several live trading accounts at the same time.

Order Types
MetaTrader also delivers when it comes to the range of available order types and its charting functionality. The following order types are available:

Market Order:This is an order to buy or sell an instrument at the current best available price.
Limit Orders:This is an order to buy or sell an instrument at a specified price or better.
Stop Loss Order: This is an order to buy or sell an instrument that is triggered when price reaches a specified level.
Trailing Stop Order:This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.
Charting
Charting features are robust. MetaTrader 5 desktop offers:

• 38 technical indicators. These include classic trend indicators, volume indicators and oscillators.
• 44 analytical objects. These include lines, channels, Gann and Fibonacci tools.
• 21 time frames Each instrument can be displayed in nine time frames, from one minute to one month.
• 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts and Line Charts.Advanced Features
  MetaTrader is also popular due to its copy trading and automated trading features.
• Trading Signals. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real time.
• Automated trading. MetaTrader 4 allows users to develop, test and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.
• To conclude, the MetaTrader 5 desktop platform is one of the most feature rich and popular trading platforms in the world. It does not have the most beautiful interface and it does require some time and effort to learn, but that is typical of advanced platforms.

        Mobile

FBS offers MetaTrader 4 and 5 mobile apps and its proprietary FBS Trader mobile app.

FBS Account Types

One of the most important factors to open an account with the forex broker is their account type, which we can say FBS leads among other brokers in the market. FBS offers a wide range of trading accounts to their customers, from beginners to experts traders of course.

Customers who use fbs.com can take advantage of five different trading accounts called Cent, Micro, Standard, Zero Spread and ECN that fits for all types of traders. From traders who prefer to keep risks to a minimum right up to those who are ready to invest big and trade in large volume, all are catered for.

        Cent account

• Minimum deposit $1
• Floating spreads from 1 pip
• No commission
• Leverage up to 1000:1
• Maximum of 50 open positions and pending ordersMicro account

   

• Minimum deposit $5
• Floating spreads from 3 pip
• No commission
• Leverage up to 3000:1
• Maximum 100 open positions and pending ordersStandard account

   

• Minimum deposit $100
• Floating spread from 1 pip
• No commission
• Leverage up to 3000:1
• Maximum 100 open positions and pending ordersZero spread account

   

• Minimum deposit $500
• Floating spread from 0 pip
• Commission from $20 per lot
• Leverage up to 3000:1
• Maximum 100 open positions and pending orders
• Unlimited account

        Minimum deposit $500

• Floating spread from 0.2 pip
• No commission
• Leverage up to 500:1
• No trading limitsFBS Crypto Account
  
  FBS provides access to a cryptocurrency account. This account can be opened through the FBS Trader and is available as a mobile platform.
  The minimum deposit of just $1, along with the spreads and cost of trading starting at just 1 pip with a 0.05% commission on opening and 0.05% on closing positions, makes this type of account a good one for trading cryptocurrencies.
  There are four different trading accounts offered on the site (fbs.eu), including Standard Account for experienced traders, the Cent account for beginner traders and Demo Standard Account and Demo Cent Account.

FBS Commission and fee

Rollover Fee: No
Margin Interest: No
Depositing Fees: Reimbursed by FBS

For traders, the most relevant way to measure the cost of doing business with FBS is to take into account its spreads, minimum deposits, withdrawal fees, and other relevant commissions. These vary by account type, but they can be summarized.

For EU resident members, the Cent, Standard Accounts, and Crypto Accounts and the Cent Pro, Standard Pro, and Crypto Pro Accounts are all that’s available. The minimum price of entry for the Standard and Standard Pro Accounts is €100 (or the equivalent in $), for the Cent and Cent Pro Accounts – €10 (or the equivalent in $), and for the Crypto and Crypto Pro Accounts – 1$. For these account types, floating spreads start as low as 1 pip.

For EU resident members, the Cent and Standard Accounts and the Cent Pro and Standard Pro Accounts are all that’s available, so the minimum price of entry is a €10 (or the equivalent in $) deposit. For these account types, floating spreads start as low as 1 pips, and there are zero commissions on trades.

Clients from the regions under IFSC and FSCA regulations will be able to open a Micro, Cent, Zero-Spreads, ECN, or Crypto account which have minimum deposits that go from $1 to $1,000 (Cent to ECN). Spreads are competitive (or nonexistent) on all accounts but are accompanied by commissions in some cases. The commission start at $20 per lot when trading in a Zero Spreads Account and a fixed $6 per lot for ECN accountholders. Deposit fees and withdrawal fees vary by payment type.

FBS Banking

Deposit and withdrawals choices for clients of FBS include VISA, Bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, and SticPay.

Deposit and withdrawal methods may vary over time. Not all methods may be available in all countries. Please check with broker support or visit their website for the most current information on available deposit and withdrawal options.

The initial deposit varies for the users based on the trading region and account type payment provider of every user. The EU office of FBS mandates a minimum deposit of USD 100 for the Standard Account and USD 10 for the Cent Account. The international offices of FBS allow the users to make a minimum deposit of USD 1000, USD 500, USD 100, USD 5, and USD 1 for the ECN, Zero Spread, Standard, Micro, and Cent Accounts.

The website of FBS allows the users to make deposit and withdrawal in various convenient payment options that include bank transfer, e-wallets like Neteller and Skrill, and VISA. The bank transfer payment system is only available for users within the EU region.

The transactions take place almost in an instant by the payment processor for every mode of payment. However, for transactions through bank transfer, the deposit and withdrawal methods take at least 48 hours for confirmation. The platform charges a transaction fee for withdrawals at the international offices. The users may be requested to submit government-issued ID proof documents for withdrawing traders funds of substantial amounts.

FBS FAQ

Is FBS Safe?
Founded in 2009, FBS is a Russian Forex and CFD broker with regulation from the Australian Securities Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. Since its inception, it has grown to become one of the most popular brokers in the Asian market.

What is the minimum deposit to start trading on FBS?

Start trading with FBS for a minimum deposit of $1.

Does FBS offer a demo account?

Yes, the broker does offer a free demo account.

I’m from a country in the EU. Can I get the Zero-Spreads Account?
No. Due to EU regulations, only the Cent and Standard accounts are available to members who live in EU countries.

What trading strategies can I use with the tools available to FBS?
FBS employs the powerful MT4 and MT5 trading platforms which come with the full range of indicators and other advanced charting tools, making any trading strategy a good fit, including scalping, hedging, day trading, trend trading, the use of expert advisors (EAs) and more.

How do I learn to use the MT4?
The MT4 itself comes with a guide embedded into the program, and it’s available by navigating to Help > Help Topics in the top menu.

What is the maximum number of accounts that one person can have open?
One person is allowed ten accounts at once, provided that they’re funded with at least $100 each.

What kind of order execution does FBS provide?
For all account types, market order execution via a non-dealing desk (NDD) model that incorporates straight-through processing (STP) is accomplished directly with FBS liquidity providers. Order types available to users include market orders, limit orders, and stop orders.

FBS Verdict

FBS is a regulated Forex broker in Cyprus and enjoys the regulatory body of the EU. Clients can trade with confidence knowing their funds are protected and FBS complies with all regulatory requirements. Spreads are competitive and start at 1.0 pips in a standard account, but the lack of assets available for trading is a disappointment. FBS offers the bare minimum to traders both in terms of trading assets, platforms and deposit options, but what it does offer it offers well; an effort has clearly been made when it comes to education of new traders as well as video content