FBS is one of the many online brokers that give people the chance to trade. The broker has been founded more than a decade ago, and ever since, it has been slowly getting more and more popular.
There are millions of active users from various countries in the world, and the platform is recognized for its amazing technology and its great offers. The FBS name is used by a Cyprus registered company known as Tradestone Limited.
So, is FBS reliable? Moreover, is it the type of company you should consider for your trades? As you discovered FBS, you may not know what to do, particularly if you don’t know a lot about it.
But all you need is some information on its safety and offers. That being said, this review will tell you all you need to know about FBS. So, at the end of the day, you can make an informed decision about it.
Who Is FBS for?
FBS is a broker that is suitable for a variety of traders. First of all, the trading environment is a great one for beginners, especially those looking to get educated at the same time. FBS brings a lot of educational resources to the table, like guidebooks, webinars, ebooks, video tutorials, and many others.
Not to mention that the platform is also a cost-effective and friendly one, thus welcoming newcomers with open arms. People are also greeted by promotions so they can be introduced to new concepts and markets, while they get rewards for participating if they are not EU customers.
FBS is also great for people who do not wish to invest high amounts from the get-go, and this is made obvious by the fact that there are account types with low minimum deposits. Some accounts only require $1 or $5 as a minimum deposit.
Advanced traders are not left out either, because they will have certain accounts catered to their needs as well. The Standard and ECN accounts made for them will ask for higher minimum deposits, but they also boost leverage and bring more to the table.
Things We Like
We like a lot of things about FBS, one of them being the fact that they’ve been doing business for many years. This experience is what makes them a popular platform, simply because the risks are lower with an experienced company.
Apart from that, they also work with two of the largest trading platforms, respectively MetaTrader 4 and 5. They come with unique tools and features that can improve the trading process. As a result, trading is more fun with these platforms.
We also liked the fact that they have active social campaigns and that the broker is well known all over the world thanks to their awards. This is definitely a sign that they’re doing something good.
Withdrawals and deposits are also easy to perform, and you do not need high minimum deposits with all account types. Customer support is always available, and they offer outstanding help to anyone who needs it.
We were even more impressed to discover that apart from English, they offer support in 17 other languages, and they are also reachable via live chat, phone, email, and social media.
Things We Don’t Like
We also noticed some shortcomings and we had to mention them too. Unfortunately, while they bring some trading instruments, they are pretty limited when compared to other platforms, which was disappointing to see.
There are only around 40 currency pairs and 6 Indices based on CFD trading. Therefore, people will have to look for other brokers if they want a wider instrument range, and we thought that was a big issue.
Moreover, in terms of trading conditions and protective measures, they are different depending on the entity.
Pros / Cons
- Commissions are covered by FBS
- Offers bonuses to new traders
- A range of account types
- Limited options in terms of account opening to EU based traders compared to non-EU offerings
- No service to clients from USA, UK, Japan, Israel, Canada
- Trading conditions and protective measures are different depending on the entity.
Safety and Regulation
The company has been around for a long time, but who exactly are they, and why are they so widely used all over the world? Before you trade, it’s essential to have some data about a broker so you know you are dealing with a safe platform that doesn’t put your money at risk. So, here are some things about FBS that are important to bear in mind:
Who Is FBS?
FBS was founded in 2009 and it is a broker that specializes in CFD and Forex trading. FBS Markets Inc is the one running the global branch, whereas Tradestone Ltd is the one operating the European branch. The head office of the platform is in Cyprus. Also, the broker offers services to people from a plethora of countries and claims to have more than 15 million active traders across all the 190 countries they offer services to.
Other entities belonging to FBS exist in Belize and the Marshall Islands.
Is FBS Regulated?
FBS is regulated by the Cyprus Securities and Exchange Commission, as well as by the International Financial Services Commission.
Is FBS Safe?
The broker is very much legit, as it was established in 2009 and it’s been operating ever since. It also has offices in various countries, and it is regulated, so it is safe in this regard. FBS also makes sure that users have privacy and that their personal information is protected. There is a transport layer security protecting transactional information. We also noticed that the MetaTrader platforms have a safe login with a dual-factor authentication featured.
FBS offers negative balance protection as well, so if the broker deals with any issues, the investments of the traders will be safe.
Countries It Accepts Clients from
FBS accepts traders from more than 150 countries in the entire world, some of them including the United Kingdom, Denmark, Italy, Norway, Sweden, France, Hong Kong, South Africa, Saudi Arabia, and Australia. Meanwhile, people who are from Japan, Brazil, Iran, Israel, Myanmar, Canada, or the United States cannot use the platform.
After so many years of operating, FBS has received multiple awards for its amazing services. They got recognized as Transparent Broker with Best Customer Service, and on top of that, they won 60 other international awards.
Range of Offering and Products
FBS offers about 40 currency pairs, as well as 6 Indices. Some of the most popular instruments are Forex and Metals, but they also offer Stocks and Energies. The rates are different depending on the instrument you want to use. Unfortunately, FBS is not as rich in tradable securities as other platforms, and this is where it falls short.
MetaTrader 4 and 5 are available with FBS, which is great news. FBS comes with a web, desktop, and mobile trading platform. The MT4 and MT5 platforms are available as desktop platforms, and they are amazing for active and professional users. We think they are very detailed and have a lot of useful tools for everyone. Conversely, the web trading app can be used on the browser, so it doesn’t require you to download any app.
The mobile trading app is also very user-friendly and a good option for both beginners and professionals.
On FBS, you can open either a Standard Account or a Cent Account, which are great for newbies. They come with low risks and have a lower minimum deposit. Apart from that, there is even a demo account for those who want to learn more about FBS first.
Deposits can be performed using either wire transfers, major cards like MasterCard and Visa, or e-wallets.
The minimum deposit is only $10 for the Cent account at the beginning. The Standard one asks for $100, though.
Withdrawals can be done using the same method you used for the deposits. There are $0 fees for them, which is a huge advantage.
FBS also has a demo account, which is a recommended option for beginners who want to test the waters first.
FBS offers some promotions too. There is a 100% deposit bonus for each client, as well as a level-up bonus and a no-deposit bonus. You have to keep an eye on the platform to find out more about current and future promotions.
Client Support and Education
What we found impressive about FBS is the fact that there are numerous educational resources, which include different materials and programs. They are made to teach people more about this industry and enhance their trading skills. If you are a beginner in trading, this is amazing for you. You can find different guidebooks, webinars, video lessons, and many other materials. There is also a demo account that can be used as a learning experience.
Verdict – Overall Rating
If you want to get started with trading or if you just want a good platform to trade on, then FBS is a great alternative. All you have to do is choose your account type and get started. Keep in mind that you also have different educational materials available, as well as several tradable securities. Still, FBS needs to improve the number of tradable securities available in order to offer more products to its clients.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.
There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
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