FBS Broker Review 2021. Download app with demo account

Joseph Reyes • Aug 2, 2021
Please note, that content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
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What is FBS broker?

FBS is a British forex brokerage company based in Belize. A forex broker provides traders with access to platforms that allow them to buy and sell foreign currencies. FBS was established in 2009 as an international broker which today serves clients from over 190 countries.

The company has proven its excellence as a forex broker by receiving numerous prestigious awards and cutting-edge technology in the forex market. Over 14,000,000 traders and 370,000 partners have chosen FBS as their preferred forex company.
Trading platform interface
Year founded
2009
Official website
Minimum deposit
1 USD
Leverage
Up to 1:3000
Payment methods
Bank transfer, Webmoney, Skrill, Perfect Money, CashU, Dixipay, OKPAY, EgoPay, RBK Money, QIWI, Neteller
Spreads
Floating from 0.2 pips, fixed from 0 pips
Asset types
Forex, indices, metals, futures contracts
Terminals
MetaTrader 4, MetaTrader 5, WebTrader
Margin call / Stop out
40% / 20%
Broker commission
Up to $20 per lot on Zero Spread and ECN accounts

Broker's advantages

FBS is an impressive international organisation with vast experience, and today it can be rightly called a leading forex/CFD broker. Present in more than 190 countries, working with more than 7,000,000 traders in Asia, Europe, Russia, etc. - all this is an eloquent testimony to the fact that investors entrust their funds to the market leader company. The brand has an active position and many prestigious awards. Offering the client a variety of unique opportunities and advantageous conditions, the organization does not stand still, exactly following its mission: to satisfy investors' needs as much as possible, develops, improves service and makes stable and comfortable trading real.

Advantageous trading conditions are the first thing that attracts users from all over the world to the successful brand (low spreads from 0.2 pips, comfortable leverage up to 1:1000, low market entry threshold from 1$, fast execution, no slippage, etc.). Trade only modern and profitable instruments (forex, CFD, cryptocurrency trading). Thought-out service is another advantage of the company: wide range of transactional options, professional support service, informative website, high-quality tutorials, up-to-date market analytics. The educational process is also very important - the site is constantly updated, free seminars are offered to all traders regardless of their experience.

It is important for a leading broker to offer their clients automatic trading, scalping, hedging. They have prepared only the best solutions for their users: trading takes place in terminals tested by time and by traders all over the world (Metatrader 4 and 5). Of course FBS needs to do everything to make its clients feel safe while trading on the market. That's why the organization's regulation is one of the priorities. Today the company is licensed by serious financial authorities (IFSC, Cysec), which increases the trust of its users and proves that we have a reliable platform in front of us.


How to start with a demo?

The FBS broker gives its clients unlimited demo account facilities and access to all trading tools completely free of charge.

The FBS broker demo account is a real opportunity to practice your skills by trading with virtual money. To make the transition to a professional level smoother, traders can open a demo account and practice to learn the necessary skills for future work in the foreign exchange market.

By using this type of account, traders have endless opportunities to try different trading strategies with increased leverage, reduce the stress caused by the possibility of losing real money, and improve their trading skills.

Once they get used to the real FBS trading process, traders can open a real account for professional market participants. A professional demo account makes trading easy from the start, giving market participants the opportunity to learn and practice.

You can open a demo account here.

FBS broker account types

FBS offers both demo and live trading accounts, which will give you exactly what you might be looking for, whether you are a beginner or an experienced trader.

When opening an account, you can choose between a Standard and a Cent account, which is ideal for beginners because of the lower requirements and associated risks.

You also have the option of opening a Micro, Zero or ECN account, which are designed for more advanced traders.

Below is a brief description of what each type of account offers:

FBS trading platforms

In order to provide its clients with smooth and trouble-free trading, FBS provides them with well known and reliable Forex trading platforms, such as MetaTrader 4 and MetaTrader 5.

MetaTrader 4 (MT4)

The FBS broker MT4 platform is often considered as the blueprint for online trading, primarily because most forex brokers use it for trading. The popularity of the MT4 trading platform is due to the fact that it is easy to use and easy to customize to your needs. In addition, the platform offers a wide range of trading tools, such as a comprehensive charting package and dozens of technical indicators. However, no one can argue that the MT4 platform is best known among traders for its ability to support automated trading with Expert Advisors.

MetaTrader 5 (MT5)

In addition to MT4, FBS also offers the latest version of the MetaTrader platform, MetaTrader 5. The MetaTrader 5 platform has all the benefits of MT4, but has been upgraded to provide greater performance. It contains more technical indicators and has an improved interface and expert advisor. In other words, it is the upgraded version of MT4.

Mobile trading

As well as the classic and WebTrader versions, FBS also provides its clients with optimized mobile versions of the MT4 and MetaTrader 5 trading platforms. These mobile trading applications are designed for Android and iOS devices and offer almost all of the powerful features of the desktop version. The applications can be downloaded through the Google Play Store and Apple's App Store.

Is FBS broker safe?

One of the first things a potential trader has to determine is how safe it is to trade with a broker like FBS and is FBS a good broker?. One of the most reliable criteria for assessing the safety of a brokerage is to ascertain which regulatory bodies monitor its activities.

FBS Markets Inc. is regulated by the IFSC (International Financial Services Commission). FBS, is a trading name used by Tradestone Limited, which is a Cyprus registered company, an EU regulated investment firm and MiFID (Markets in Financial Instruments Directive) registered with CySEC (Cyprus Securities and Exchange Commission).

An additional subsidiary of FBS is located in the Marshall Islands and Belize, which are offshore zones, which in itself does not prove their reliability.

However, together with the regulation by the European CySEC, this makes FBS a regulatory compliant broker and therefore offers reliable trading conditions.

There are strict regulations regarding the protection of funds, FBS keeps traders' funds in separate accounts, making them unavailable for use by the company as well as extending protection against negative balances.

As a Cypriot investment company, FBS is subject to a compensation scheme that protects client investments in the event of a broker's insolvency.

Deposits & Withdrawals methods

Depositing and withdrawing money is as easy as registering with FBS. The broker offers different payment methods to make your transactions. You can use bank cards or e-wallets. First of all we recommend you to check your full identity with FBS before depositing and start trading with real money. You will see instructions on your dashboard. This is very important, because broker withdraws only to verified accounts.

How to deposit money to FBS?

Login to your trading account and go to your client dashboard. You will see "deposit" button. Then you choose the right amount for you and the payment method. Using electronic methods such as credit cards, the money will be deposited directly into your trading account. In addition, you can choose the free bonus to get even more money for trading.

Deposits via electronic payment systems are processed instantly. Deposit requests via other payment systems are processed within 1-2 hours by FBS Finance Department.

FBS Financial Department works 24/7. The maximal processing time of deposit/withdrawal request via electronic payment system is 48 hours from the moment of request creation. Bank wire transfer processing takes up to 5-7 working days.

The minimum deposit amount is usually $1. Note that the minimum deposit for some electronic payment systems, such as Neteller, Skrill or Perfect Money, is USD 10. Also, as far as the bitcoin payment method is concerned, the minimum recommended deposit is USD 5. Be reminded that deposits for smaller amounts are handled manually and may take longer.

Please note the following deposit recommendations for the different account types respectively:
for the "Cent" account
the minimum deposit is USD 1
for the "Micro" account
$5
for the "Standard" account
$100
for the "Zero Spread" account
$500
for "ECN" account
1,000 USD
To figure out how much money you need to open an order in your account, you can use trader's calculator, which is available on FBS website.

How to withdraw money FBS?

You can click on the "withdraw money" button in your account monitoring panel. You can make withdrawals 24 / 7 per week. The broker will work on this request on normal weekdays. So if you withdraw on weekend, the money will be processed on Monday. It is important to know that you should verify your account completely before withdrawing money. For your safety, the broker must prove that you are a real person.

Withdrawals from a trading account can be made in myAlpari using the same payment system that was used to make the deposit. In the event that the account has been funded by different methods, withdrawals are made by the same methods in proportion to the amounts deposited.

Please note that the company's finance department usually processes withdrawal requests on a first-come, first-served basis.

Once our finance department approves your withdrawal request, the funds are sent by the broker, but then the payment system has to process it further.
    Withdrawals via electronic payment systems (e.g. Skrill, Perfect Money etc.) should be credited immediately, but can sometimes take up to 30 minutes.
    In case of withdrawal to a card, we remind you that on average it takes 3-4 working days to receive your withdrawal.
    In case of bank transfer, withdrawal usually takes 7-10 business days.
    Withdrawals to a bitcoin wallet may take anywhere from a few minutes to a couple of days, as all bitcoin transactions worldwide are processed together. The more people requesting transfers at the same time, the longer it takes to transfer.
    All payments are processed according to the timetable of the finance department.

    Commissions, fees and bonuses of FBS

    The costs of trading depend on various factors such as commissions, fees and margins.

    Margin refers to the amount of money in your account needed to open a position. Margin is calculated based on the current price of the base currency against the US dollar, the size (volume) of the position and the leverage applied to your trading account.

    Commissions are fees charged by an investment broker to a trader for making trades on their behalf. The level of commissions will vary from broker to broker and will also depend on the asset traded and the type of services offered by the broker.

    CFD trading, a form of derivative trading, allows traders to speculate on rising or falling prices in fast moving global financial markets, equity requires a commission. CFD trades in other markets have no commission, but include a spread around the market price of a particular instrument.

    Traders should also consider the FBS overnight commission or swap commission if you are using a swing strategy and hold positions for over a day. Each instrument has its own ratio.
    To reduce your trading costs and maximise your profits, we recommend trading with tight spreads. From our liquidity providers FBS obtains the most profitable and accurate quotes, which in turn means you get the best trading conditions.
    Reviewer
    Choose the best spreads for your trading strategy. FBS offers the following types of spreads: floating - starting from 0,2 pips, fixed - starting from 3 pips, and trading without spread (fixed spread - 0 pips).

    Forex brokers usually lure new traders by offering attractive deposit bonuses. This can be helpful, but it is important to understand what the right bonus is. Such a bonus is just a way of compensating traders for choosing a particular broker, as once the account is opened, the trader will have the same expenses as anyone else.

    The bonus, is simply a reward for the trader's choice, which reimburses the trader for some of these expenses once they prove themselves as an active trader. This prevents brokers from directly or indirectly providing a retail customer with a fee, monetary or solely non-monetary benefit in relation to the marketing, distribution or sale of CFDs, other than the realized profit on any CFD provided. This means that the deposit bonus currently does not apply to retail clients.

    FBS offers bonuses, a loyalty program for which clients can qualify, which is an exclusive club where your loyalty to FBS is rewarded with real gifts. When you trade or acquire new clients, you earn points which can earn you prizes from your broker. There are also incentives such as party invitations and luxury hospitality at FBS. Occasionally, the company holds competitions where you can win tickets to global sporting events or a car.

    When new traders open accounts, FBS adds a $50 bonus. You can also start your Forex career with a Trade 100 bonus, which is your personal tool to strengthen your position. FBS gives you $100 to get started, including a set of training materials that will teach you how to trade and profit without using your own money.

    Instruments

    FBS broker offers its clients a wide range of traded instruments in global markets. For example, traders can participate in 75 CFDs, including Forex, indices, energy, metals and stocks. Although the range of assets on offer is rather small compared to some brokers, the range of markets available for trading is wide.

    Below is a list of just some of the markets available for trading:
    Forex
    AUD/NZD ; EUR/USD ; GBP/JPY ; CAD/CHF ; USD/BRL ; USD/RUB ; CNH/JPY ; XAU/USD ; XAG/USD.
    Stocks
    Apple ; Ford ; Microsoft ; Metals.
    Indices
    DAX 30 ; NASDAQ ; SP 500 ; WTI oil ; Brent oil.

    Assets available on FBS

    FBS offers tradable assets in 5 asset classes: Forex, Metals, CFDs, Cryptocurrencies and Stocks. Here are the details of the asset lists on FBS:
    Currency
    Approximately 35 currency pairs can be traded on the platforms. This includes large, small and exotic pairs.
    CFD
    Only 3 CFDs are available for trading. These are WTI Crude Oil (WTI), Brent Crude Oil (BRN) and DAX 30. CFD trading is not available to ECN account holders.
    Metals
    Only four precious metals are available for trading. These are palladium, platinum, silver and gold. Metals may not be traded using an ECN account.
    Crypto-currencies
    Four cryptocurrencies may be traded on FBS platforms. Cryptocurrencies can only be traded through a cent or standard account.
    Stocks
    There are 33 stocks from US stock exchanges included. Amazon, Apple, Ebay, Facebook and Google are popular stocks that you will find on FBS. Stock trading is only available to Standard and Cent account holders.

    Features of FBS

    Forex is not the only market that FBS provides to its members more than 15 million traders with CFDs, Stocks, Metals and Energy trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Internet, Android and iOS operating systems. Users can also access trade copying services via FBS CopyTrade... and others can also trade with leverage up to 1: 3000 (non-EU customers only) and without the fees accompanying most instruments and accounts.

    Risk-free investments

    The broker makes a special offer for new clients - copy trading without risk. To get the bonus, you have to:
    register on the platform;
    pass verification;
    top up your account with 100 USD.
    Copying traders on FBS without risk involves transactions with an automatic Stop Loss of 10%. If the Stop Loss is triggered, the broker compensates the clients for the loss. However, the special offer only applies to three trades - one for three different traders. To select traders for conditionally risk-free trades, you need to click on the Risk-Free Investments field on the main page of the app.

    Traders' support and service

    FBS offers telephone, e-mail and chat support for every customer. Support is available in several languages and is available 24 hours a day. In addition, every trader receives personal support through an account manager who can help you with frequently asked questions.

    We also took a closer look at the service for traders. FBS is very present in the Asian region. There are events and coaching for new traders. In addition, the best traders win prizes and get a big bonus. Webinars and coaching are available on the platform for beginners or advanced traders. In conclusion, FBS is one of the brokers with the best and most personal service for its clients.
    24/7 support
    Phone, email and chat
    FBS Local Events
    Webinars and coaching
    Human Resources Managers

    Education

    The FBS website has an impressive training section, where everyone can get the information required for successful forex trading and beyond. The broker gives a brief guide to Forex, tips for traders and video tutorials. The company also conducts webinars. The section is divided into levels: beginner, elementary and intermediate as well as intermediate and advanced.

    The training program includes the following aspects:
    How to read currency quotes and buy/sell currency pairs in the FBS trading terminal, as well as how to calculate your financial results
    How to analyze the market fundamentally and technically
    How to understand trends, ranges and breakouts
    Trading styles
    Psychology of Traders and Risk Management
    Glossary
    Webinars and Video-Lessons
    In order to use knowledge obtained on the FBS website in practice, the specialists of our company recommend you to open a demo account. There you can practice without risking any real money. The next step may be opening of cent account: it will help to trade on real market, but with less risk than on standard account.

    To support traders, the website has a separate analytical section with an economic calendar, currency converter and calculators.
    Advantages and Disadvantages of FBS
    C O N C L U S I O N
    P R O S
    • Customer deposits are not available for use by the broker: they are kept separate from the company's cash;
    • Wide range of trading instruments;
    • Protection against negative balances;
    • Insurance: as the broker is a member of the Investor Compensation Fund, in the event of bankruptcy and failure to meet its obligations, its clients receive compensation;
    • 24/7 support service;
    • Low spreads and fees.
    C O N S
    • Regulators do not consider claims from private traders who trade small amounts;
    • No PAMM accounts;
    • Not suitable for short term trading such as scalping;
    • Support is in a limited number of languages.

    ABOUT AUTHOR

    Joseph Reyes
    Online day trader, researcher and analytic. Joseph can explain complex financial subjects in a easy way manner.
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