FBS Review 2024 Is FBS a Safe Forex Broker to Trade With?

It is arranged in order for beginners, elementary, intermediate and experienced traders. This is a very useful tool where you can calculate estimated potential profits from a trade. You have to first choose the account type, trading instrument, currency, leverage and prices. The trader’s calculator then gives you the estimated profit for the trade based on your inputs. These notifications are customizable, allowing traders to tailor them to suit their preferences and trading requirements.

  1. From the app, I can manage my personal profile, fund and withdraw from my trading accounts and also view the accounts history.
  2. Just because the account has zero-spread doesn’t mean there aren’t any other costs involved.
  3. FBS is known for being very active when it comes to offering traders a high-quality experience.
  4. FBS operates mainly on a spread-only model, meaning there are no additional trading fees for forex and CFD trades on certain account types.
  5. This broker is regulated by leading agencies around the world, including CySEC, ASIC, FSCA, and IFSC.
  6. It is also useful for traders whose account currency is different from their local currency.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. These two platforms are the products of MetaQuotes Software Corporation which is a firm specialised in developing trading softwares. They came up with the MT4 in 2005 and later in 2010; they developed its updated version known as the MT5.

Trading indicators

The spreads for this account are floating, and they start from 0.5 pip. It offers traders access to leading trading platforms, such as MetaTrader 4 and MetaTrader 5. There are numerous available trading assets at FBS, including Forex, Metals, Energies, Stocks, Indices, as well as Cryptocurrencies. A number of top Forex brokers choose MT4 for their trading platform, and it comes as no surprise that FBS has done the same. It performs equally well for all operating systems including Windows, MAC, Android, and iOS. It is one of the most functional trading platforms currently available and comes complete with a number of distinctive features.

Minimum deposit for FBS

The exception here is through the FBS Cent account where you can trade in sizes starting at 0.1 nano lots. This means trading should be accessible to absolutely everyone with FBS. Here are some of the key trading features that you can expect to find once you start trading with FBS.

How Are Execution, Leverage And Position Sizing With FBS?

The Standard account offers ultra-competitive spreads without any commissions. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. This broker also provides an economic calendar, available on the mobile app, and forex calculators alongside extensive educational materials such as live webinars and tutorials. The minimum deposit at the online forex broker is different for each account type and trading region. The firm requires an initial deposit of $5 on the Cent and Standard accounts and $200 on the Pro solution. The FBS Forex Trading Platform also offers a range of risk management tools to help traders protect their capital.

CFD fees are embedded within the spread, facilitating more economical trading on contract for differences. The applicant can start the account application by clicking the “Open Account” button located at the top right of the FBS webpage. FBS makes multiple Sign Up Bonus offers available to new and current clients. This includes a Level up, CashBack, Quick Start, and 100% Deposit Bonus offer.

FBS Trader App

Account access, trade executions, and system response may be adversely affected by market conditions, quote delays, system performance, and other factors. It is recommended that investors seek independent advice before trading, according to research. A Trader must deposit between 5 USD to $200 USD to earn a double deposit 100% deposit bonus. FBS is regulated by FSC (International Financial Services Commission) and offers its clientele an Anti-Money Laundering Policy.

As seen in the FBS forex review, you can deposit funds into your account via credit card, debit card, Neteller, PerfectMoney, Skrill, Sticpay, and many more. This allows users to increase their profits and better forecast their profit. Just because the account has zero-spread doesn’t mean there aren’t any other costs involved.

The broker claims that every day, thousands of new online trading accounts are opened. FBS boasts of millions of clients from over 190 countries across the world. Features listed are part of the MT4 Trading Platform and should not be credited to what FBS offers. FBS extends its limitation to just the MT4 Trading Platform for Windows, Apple macOS, Android, Apple iOS and FBS WebTrader.

The FBS Cent account is ideal for new traders or those getting to know the broker. It is accessible only under CySEC regulation and offers an ultra-low minimum deposit from $10. Our FBS broker review shows that the FBS trader is very popular among the clients of the broker. This all-in-one trading platform can be used on both iOS and Android devices and offers traders the ability to get in touch with the master in just one click.

This includes a negative balance protection which means you can never lose more than you deposit. Added to that, your funds will also be placed in segregated accounts so that if the company does come under any financial difficulty like bankruptcy or insolvency, your funds remain protected. Since  that time they have worked hard to expand their offering to traders worldwide. As an Indonesian trader, you also have full access to the complete range of FBS features that can be limited elsewhere so it is a strong country for the broker. They provide variable spreads from 0.7 pips on Forex and they offer more than 550 tradable assets. If you are looking for the most commonly traded assets, it can be an excellent choice.

This means you may have to pay a conversion fee if you deposit in, or withdraw to, another currency. The FBS demo account is available for a 90-day period, though once this expires, you can easily open another since the only information you really need is your name and email https://forex-review.net/ address to get started here. They regularly win awards for all aspects of their service and they have won 68 awards since they were founded. FBS provides for several protection measures to make sure that the funds you deposit with the broker remain safe and secure.

How to Open an FBS Account – Step by Step Guide

Webinars have gained in popularity and more Forex brokers are using them in order to engage with their traders. FBS offers free webinars, but registration is required in order to participate. It appears that FBS attempts to how one webinar every two weeks, but this could be subject to change at the discretion of the broker. The Forex TV section is broken down into Weekly Insights, Daily Trading Plans and Webinars and FBS has spent the most attention on this part.

A user can open many account types and can even deposit differing amounts per account type. Because there are different types of accounts that a user can access, it’s recommended that users first try the demo version of the account they want to try. When it comes to deposit and withdrawal options, once again FBS sticks to the basics. Forex traders have the choice of credit cards, bank wires and Skrill or Neteller which are both regulated in the EU. All deposit fees are waived which is standard industry practice and the deposit time is listed as instant with the exception of wire transfers.

In addition, Forex traders can use the FBS Trading Calculator to get full information on a trade before entering it. In June of 2015 the EU released its 4th Anti-Money Laundering Directive which represents the most stringent AML legislation across Europe. All EU https://forex-review.net/fbs-review/ member states have been complicit since June of 2017 and FBS adheres to the rules as outlined in the directive. FBS does offer guaranteed stop-loss orders, ensuring added protection during unforeseen market fluctuations, and these may incur additional fees.

75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money. FBS boasts a base of 17 million traders coupled with 410 thousand partners who have chosen FBS as their preferred forex platform. With their motto of “easy to maintain for beginners – functional to satisfy professionals”, the broker has brought many opportunities for new and veteran traders alike. Rates, terms, products and services on third-party websites are subject to change without notice.

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