FBS Inc. entered the trading industry in 2009, and has since broadened its reach in over 190 countries, with a customer base of 13 million traders. This broker is well-decorated, earning a number of international awards and recognitions throughout its years in the industry.
FBS conducts seminars and special events to provide its clients, both novice and expert traders, with the necessary learning tools, advanced trading technologies, and latest methods on the
financial market. As regards platforms, FBS has a suite of MeTrader platforms available, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
This broker also understands that every client is different and the same can be said when it comes to their needs. That is why, FBS offers swap-free account or Islamic account to meet the different demands of traders, particularly the requirements of Muslim traders.
One key reason why investors opt for FBS is because of its low barrier, as it only requires a minimum deposit of $1.
FBS’ accounts cater to all types of traders. From market participants seeking minimal risks to those who prefer to trade in huge volume, FBS offers five account types, each having their own conditions and advantages.
Clients on the platform can also become VIP members and receive exclusive benefits once they funded their accounts for $10,000 and traded 50 lots.
There are two account types suitable for small traders, the Cent and Micro account, which share the following the conditions and benefits:
While distinguishing requirements include:
On the other hand, FBS’ Standard account fits experienced market players making their way up the trading ladder.
The Zero Spread account enables investors to trade immediately without spread charges.
Lastly, the Electronic Communications Network (ECN) account is designed for expert and long-term traders, as well as those who are interested in experiencing the capabilities of ECN technology.
Trading with leverage means there are risks involved. FBS has a negative balance protection in place to prevent clients’ accounts from losing what they have invested. Still, it’s better to set stops to secure positions, as these can offer some assurance from likely huge losses.
FBS provides access to 4 major trading products, i.e., Forex, Precious Metals, Stocks, Cryptocurrencies. Excluding ECN account, the Account types mentioned above support trading instruments, including 35 currency pairs, 4 precious metals, 3 CFDs, and 4 cryptocurrencies.
As far as trading conditions are concerned, FBS’ seems quite reasonable.
Initial Deposit
Spreads and Commissions
Leverage
However, it’s important to be wary when trading with high leverage levels, as there are risks associated when trading with leverage, and the higher the leverage becomes, the bigger the risk.
Having garnered millions of traders, it is safe to say that FBS got a number of things right – its offering of fee and commission structures, selection of platforms, as well as its ability to deliver reliable services to clients.
While FBS does not have most of the trading instruments that other online brokers offer, the platform still has a decent set of products available for traders – this is the core negative point of FBS review.
With multiple account types to choose from, excellent spreads, a maximum leverage of up to 1:3000, and STP processing, FBS provides investors with a steady trading environment.
This broker also stayed with the officially qualified trading platforms. FBS is available on both the MT4 and MT5, which include desktop, web-based, and mobile trading.
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Bad behavior people. They have ripped me off my bank account.
I was scammed by this broker. I am unable to withdraw.
I am not satisfied with the trading services and I am unhappy with the trading results. During the time when I am still trading with them, I always encounter problems with the platform, too.
Stay away from them. They will ripped off your bank account.
Bad trading services. They do not process withdrawals and ignore you after the deposit stage.
Not a good trading broker. Signals are very unreliable.
I am not getting a proper reply from my missing withdrawals. Bad broker company
Slow withdrawals. There are so many terms and requirements needed.
It is not a good choice for a broker. I have traded with them and have lose so much money. Poor trading advise.
Liars and cheaters. Do not fall on their tricks, it is just a way to rubbed your money.