What is FBS? Is it safe to trade with? What the best does it have? All come clear in our FBS reviews.
The market of forex trading rises and rises day by day, so it leads to the establishment of many brokers. Therefore, it’s hard to find the most suitable agent to trade with.
Among those, we heard about FBS among the biggest brokers with a long history in the field. Is it good as being said? How is the whole thing operating in FBS?
We hope that our FBS review helps you to gain a view.
Overview about FBS
FBS is widely known in Asia for its trustworthy regulation, excellent customer service to residents here.
Let’s make a glance all over the business.
Founded in 2009, FBS ends up a broker with a large scale in the forex industry. There is a total of 35 currency pairs being traded along with four metals, 2CFD, and other cryptocurrencies.
From the preview, FBS promises a suitable environment for all types of traders.
Is it reliable?
If you judge the reliability of a broker by its regulation, FBS is trustworthy.
The firm has regulations from CySEC and IFSC- which are a big name for Asian and South African. And with these two licenses, FBS balances the reputation and limits to traders.
You should know that too many regulations mean no good at all because more license equalizes to more rules to follow.
How is trading cost
Spread
FBS will catch your attention if you are seeking low spread. The range here is around 0.2 to 1.1 pip- a rate that appears smaller than XM, FXTM and so on.
Commissions
Commissions in FBS vary depending the account type. Usually, ECN accounts will pay the commission but Cent and Standard account needn’t.
Bonuses
There are many bonus programs found in FBS and bonus policy here, in our opinion, seems the best of all.
Every newly registered account will have a 50$ deposit paid back to the account immediately. The welcome bonus here might reach 100$ – the highest among all brokers.
To reward trader loyalty, 7$ is a cashback program which is paid back to account after each successfully traded lot.
Trading conditions
We have to say; you have many options to trade with FBS. At least, it provides four types of account for you to try.
Check the best demo account here.
- Cent account:
For beginners who don’t risk much in first transactions, FBS encourage and train them by cent account. To open it, traders pay a 10$ deposit and start to trade and lost as common but in super low transaction value.
- Standard account:
After traders are used to frequent trading, they can move on with approved accounts. In this type, deposit rises to 100$, but the commission is free still.
- Fixed Spread account:
For people who want a more significant business, fixed spread account with $500 deposit and the 20$ commission should be the next stage.
- ECN account:
FBS also provides ECN account. Which ask for a high deposit, low commissions but also high risk and high gain.
Payment
FBS is doing good in payment policy. All accounts can perform the transferring in a shorter time with a lower rate in FBS platforms.
Customer service
To support its customers, FBS has offices all over South Asia. Besides, a hotline for English support is available 24/7 so that clients have assistant all the time.
This review is brought to you by BRKV.