FBS Broker Review (2023) ++ Scam or not? | Real test
FBS BROKER
 |
| FBS BROKER |
REVIEW: | REGULATIONS: | SPREAD: | ASSET: |
|---|---|---|---|
 (4.5 / 5) | IFSC, CySEC | Start – 1.0 Pips | 250+ (Forex, Commodities, Shares, Indices) |
If you are looking for experience with Online Broker FBS Market Inc.? – Then you have come to the right place on this page. As a trader with more than nine years of experience in the financial markets. We reviewed the providers and shared the following statements and summaries based on my experience and the results of the test reports. Is it worth investing your money in FBS? – Find out in our trusted broker review about FBS.
(Risk Warning: Your capital may be at risk)
What is FBS? – Offered by the broker
FBS Markets is an online contracts for difference (CFD) broker that was established in 2009. Since 2009 the company has grown exponentially and can boast of over 16 million traders by 2021. This broker is active internationally and It also has the required licenses through IFSC (Belize) and CySEC (Europe).
This company accepts foreign clients. In addition, FBS has international branches with customer support in more than 150 languages and countries. The largest client base is in Asia. FBS is known for its live broadcasts and charity for the poor. The broker specializes in Forex trading. Which you can see on the broker's homepage. FBS strives to give its clients the best conditions for trading currencies. with this broker You can start trading with any amount of money. Because the minimum deposit is only $1.
In the following review We will give you all the facts about the broker you need to know.
Facts about the company:
⭐ Rating: | 4.5/5 |
🏛 Established: | 2009 |
💻 Trading Platform: | FBS Trader, MetaTrader 4, MetaTrader 5 |
💰 Minimum deposit: | $1 for cent account |
💱 Account Currency: | USD, EUR |
💸 Withdrawal limits: | no |
📉 Minimum Trade Amount: | $1000 trading volume / 0.01 lot |
⌨️ Demo Account: | yes |
🕌 Islamic Account: | yes |
🎁 Bonus: | Yes, there are deposit bonuses and cashback bonuses. |
📊 Assets: | Forex Metals Indices Energies Crypto Stocks |
💳 Payment methods: | Credit or Debit Cards, Neteller, Skrill, Cryptocurrencies |
🧮 Fees: | from 0.5 pip spread |
📞 Support: | 24/7 support via life chat |
🌎 Languages: | only english |
(Risk Warning: Your capital may be at risk)
What are the pros and cons of FBS?
Finding the perfect broker to meet all your needs can be difficult. But if deposits and withdrawals via cryptocurrencies are your thing, then FBS is a good choice. In addition, the broker offers one of the best bonus programs, contests and events in our opinion. to help you make informed decisions Here are our main pros and cons:
Advantages of FBS broker | Disadvantages of FBS broker |
✔ A wide range of account types to choose from | ✘ On occasion during our testing Deposits appeared in the account late. |
✔ You can deposit with various cryptocurrencies | ✘ Reviews on Trustpilot are only appropriate. |
✔ Low minimum deposit | ✘ Support is available in English only. |
✔ Lots of bonus programs, tournaments and events | |
✔ Competitive spreads both fixed and floating | |
✔ Leverage up to 1:3000 | |
✔ Expertise in Forex and CFD trading |
Is FBS broker user friendly?
Let's take a look at the user experience with FBS to make things shorter. Their trading app, in particular, is quite attractive for new traders. Thanks to the built-in features and user-friendly interface. You will find other reviews. in the table below.
criterion | score |
General website design and setup | ★★★★ We love the straightforward structure of the site. And it has useful tools like a currency converter. or the Forex Beginners Guidebook |
application process | ★★★★ The signup process for a demo account is quick and easy. But it will not be possible to change the account currency after the setup process. and can only use EUR and USD |
use of trading area | ★★★ There is a standard trading platform. |
mobile app usage | ★★★★★ The website is optimized for mobile users. And we love the built-in education in the app. |
Regulation and safety of client funds
When it comes to real money trading The broker's official regulation is very important. There are some scam brokers that operate without real rules to scam clients' money. to avoid these practices Always take care of the broker's regulations before you start investing real money.
FBS is regulated by the IFSC in Belize and CySEC in Europe (Cyprus). The registration number of the Belize regulation is 119717 and the license is IFSC/60/230/TS/18 The CySEC license is 331/17. This is the official regulation where the company's head office is located. You can check it yourself. The broker obtains this regulation only through a serious presence. Forex Broker . In addition, FBS only uses regulated payment methods for client transactions. This is also a very important point. In conclusion, it seems to me that FBS is a reliable broker for online trading. It is a regulated company. Therefore, fraud cannot occur in our opinion.
Regulations:
- Regulated by the IFSC in Belize.
- Regulated by CySEC in Cyprus (Europe)
- Only regulated payment methods
(Risk Warning: Your capital may be at risk)
What are the conditions for trading at FBS broker?
We closely examine the conditions for traders. at first glance The provider impressed us very well as he offers many different account types. So you can adapt your account to your deposit capital and trading style. The minimum deposit is only $1 and you have the opportunity to receive free bonuses for your funds.
Spreads depend on the account type and start at -1.0 pips. Accounts with low spreads usually come with one commission per lot traded. Overall, you will always be cheaper with a commission account. in the market Again, there are advantages for me. You can try out the platform with a free demo account. There are three different types of platforms for brokers. which we will review later.
FBS Markets specializes in Forex trading. This can be observed in the selection of tradable assets. Large selection of currency pairs But the options of CFDs are also very high. as we know Brokers try to increase their offerings in tradable markets. American stocks have been added to the portfolio in the past.
Currency Pairs (Forex)
as mentioned earlier You can trade more than 50 different currency pairs with FBS. Spreads and trading fees depend on the account type you choose. There is also an Islamic account option. And you won't pay exchange fees if you use it. Trade all major, minor and exotic currency pairs. Leverage can be as high as 1:3000.
metal
Metals are very popular and can also be volatile. Palladium, platinum, gold and silver are offered to trade against the US dollar. Conditions depend on your account type. But from our experience, FBS also offers cheap spreads here.
index
FBS offers more than 20 different stock indices. The largest stocks are used in a single stock index. It should represent the economic strength of a country. For example, the S&P500 includes the 500 strongest companies in the United States. These indices are highly liquid. and sometimes with high volatility
energy
Energies (Commodities) are offered to be traded by CFDs (Contracts for Difference). Brent Oil, Crude Oil and Natural Gas can be traded. Conditions depend on the account type you choose.
share
Trade over 100 American stocks with FBS. They offer leverage using contracts for difference. You can easily buy and sell stocks. The fees are spreads, commissions and swaps if you hold positions overnight.
We will discuss account types and trading fees in this review article.
Facts of the condition:
- Trade Forex, Shares, Precious Metals, Indices and Commodities.
- Different account types for any trading style
- 3 different platforms for any device
- Start with only $1 deposit
- Low spreads and commissions
- free demo account
- bonus program
High leverage and negative balance protection for FBS traders.
In the FBS platform, traders can choose different leverage for their accounts. It is possible to get huge leverage up to 1:3000 in our opinion. Using such high leverage is useless. But some strategies are required. Sometimes high leverage is very risky. Especially if you trade market news. Some traders fear negative balances.
FBS provides negative balance protection for its clients. If you lose a lot You will be suspended before your balance goes negative. In conclusion, you can trade safely with FBS even with leverage up to 1:3000.
(Risk Warning: Your capital may be at risk)
Review of the FBS trading platform
What trading platforms does FBS offer – The broker also offers the classic and popular trading platform Metatrader in version 4/5 and Web Trader as well. The MetaTrader software has been widely known among private traders for many years. That said, it belongs to every successful dealer in the device.
With MetaTrader you can try different strategies. The software offers almost unlimited options. Available for smartphones, tablets, browsers and desktops.
Despite our good experience with MetaTrader, almost every major broker offers this software. After a short introductory period, it's easy to use. FBS helps clients with video tutorials and tutorials to understand how to trade successfully. in the following section We will show you some facts about the platform.
The following platforms are available:
- MetaTrader 4
- MetaTrader 5
- FBS mobile app
Professional charting and analysis
MetaTrader offers many tools for professional analysis. Choose between different chart types. and develop successful strategies You can use free indicators on the platform. Very easy to configure It is also possible to download external tools and integrate them with the software.
for technical analysis There is a drawing tool to analyze charts. In addition, FBS offers analytics and new trading ideas. to customers every day Each tool can be customized for every strategy. Another advantage of the software is automated trading. It is possible to create automated systems that work 24/7. MetaTrader supports VPS servers for a small amount of money per month. All in all, MetaTrader offers everything you need for successful trading.
Facts about the platform:
- Compatible with all devices
- free indicators
- Lots of technical tools
- can trade automatically
- Customizable and easy to use
- mobile trading
(Risk Warning: Your capital may be at risk)
FBS Trader (Mobile App)
More and more users are trading through mobile apps . It has become very popular in 2020 and 2021 with the increasing movement of cryptocurrencies. “WallstreetBets” FBS invents its own mobile app. which is available for Android and iOS devices.
In our experience, FBS Trader is better than the MetaTrader mobile app as it is easier to use. Access over 250 different markets with your mobile phone. You can set price and news alerts so you don't miss anything in the market. With FBS Trader it's very easy to trade. But we recommend using a demo account first to practice. Additionally, you can make deposits and withdrawals directly in your mobile app.
(Risk Warning: Your capital may be at risk)
How to open your trading account with FBS
Opening an account with FBS is very easy and uncomplicated. The broker only needs some information about your identity to start trading. You can open a real trading account in less than 60 seconds, starting with your email address and security keywords.
FBS is a regulated online broker and each trading account needs to be verified. Without full verification of the trading account You will not be able to make withdrawals or trade with real money. KYC (Know Your Customer) is a standard procedure in the online brokerage world. That means you need to add valid personal information and upload required documents. The broker will ask you for proof of identity and address. This process can be done in minutes. FBS experts are very quick in setting up your trading account.
Free and unlimited demo account
We recommend for beginners who want to try this broker open a demo account. This is an account with virtual money. You can trade with no risk. It's like trading with real money. Demo accounts are the best way to practice and develop strategies for beginners. Moreover, advanced traders can try new markets or methods. FBS offers a free and unlimited demo account.
(Risk Warning: Your capital may be at risk)
What type of account should I choose with FBS?
FBS offers different types of accounts. for forex trading Each account is for a special purpose. Brokers try to give traders the best conditions for their funds. It is possible to trade with 1$ or less risk on each trade with cent account. If you deposit more than 1$ you will get better conditions and lower spread. in the following section We will explain different types of accounts of FBS.
This table presents the facts. About account types:
| STANDARD | CENT | MICRO | DISTRIBUTION CENTER | ECN | |
|---|---|---|---|---|---|
| MINIMUM DEPOSIT: | 100$ | 1$ | 5$ | 500$ | 1000$ |
| SPREAD: | 0.5 pips | 1 beep | Fix 3 Pip | fixed 0 pips | – 1 beep |
| BOARD: | / | / | / | from $ 20 per 1 lot | from $ 6 per 1 lot |
| LEVERAGE: | Max 1:3000 | Max 1:1000 | Max 1:3000 | Max 1:3000 | Max 1:500 |
| THIS ACCOUNT IS FOR: | Normal trader with an average deposit of 100$. | Mini account for traders with small deposits | Traders who want fixed spreads | lower fees But requires a higher deposit. | The best conditions for big traders. |
As you can see above in the table, FBS has different accounts for different deposit amounts. You can say that if you deposit more money with FBS, you will get better conditions and lower spreads. On the other hand, they have a huge advantage that they offer accounts for silver traders. small deposit Contracts are unique on cent accounts and you can trade with less risk.
from our point of view You should start with a minimum deposit of at least $100 to get good conditions on the Standard account, but overall, the ECN account is the best account type for trading with FBS! traders who want to profit from real accumulation Most of them are over $1000 so they have access to ECN accounts. If you plan to deposit less than $1000 you should deposit at least $100 to use the Standard account.
(Risk Warning: Your capital may be at risk)
How does FSB make money from you?
FSB is a reputable trader headquartered in Belize. Just like any other trading platform. The main source of income of the FSB comes from increasing spreads in trading and commissions and fees . The site will use these earnings to pay employees for customer support. And implement new security measures and tools to keep your site safe and help you trade more successfully.
Review deposit and withdrawal with FBS broker
Deposits and withdrawals are as easy as registering with FBS . The broker offers different payment methods for your transactions. You can use a bank card or e-wallet. We recommend first verifying all your identities with FBS before you deposit and start trading with real money. In the dashboard, you will see instructions. It is very important because the broker only withdraws money to verified accounts.
These methods can be deposited and withdrawn:
- credit card
- Neteller
- Skrill
- digital currency
- Stick Pay
- perfect money
(Risk Warning: Your capital may be at risk)
How to deposit money on FBS?
Login to your trading account and go to Client Dashboard. You will see a "Deposit" button, then choose the amount that suits you and the payment method. With electronic methods such as credit cards, funds are directly credited to your trading account. You can also choose free bonuses to earn more money in trading.
How to withdraw money with FBS?
in the account dashboard You can click on "Withdraw". Withdrawals can be made 24/7 a week. The request will be processed by the broker on normal working days. Money will be processed on Monday. It is important to know that you must fully verify your account before withdrawing funds. for your safety The broker must prove that you are real.
How long does it take to deposit and withdraw?
Deposits by electronic methods are instantaneous. The funds will be directly credited to your account. Withdrawals can take up to 48 hours, in my experience. Withdrawals are very fast and take less than 48 hours.
Are there any fees?
FBS does not charge any fees. for depositing on their platform Except for the payment method “Sticpay” with commission 2,5% + $0,3 for withdrawal there is some commission you have to pay. You can view commissions directly in your account dashboard. The fee will always depend on your payment method.
(Risk Warning: Your capital may be at risk)
What do you expect from FBS Forex broker bonus program?
FBS offers many free bonus programs. You can activate the bonus in your account dashboard. This is a great advantage compared to other forex brokers . Traders can get additional funds for their accounts to trade at higher risk. We must mention that bonuses are always subject to certain conditions.
Before you activate the bonus You should read the terms. Some traders say the bonus program is a scam because they don't read the bonus conditions. FBS Markets displays the conditions transparently in the dashboard. So you can decide whether to claim the bonus or not. Sometimes it is necessary to open a separate bonus account.
We have these bonuses:
- Level Up Bonus (Earn free money to trade – $70 free in personal area and $140 free in app personal area)
- Cashback (the broker will pay back the commission to you)
- 100% deposit bonus (get more money)
condition:
as mentioned earlier The conditions are transparently communicated between the broker and the trader, for example, if you receive a deposit bonus. You need to make a turnover in FBS before you can withdraw funds.
(Risk Warning: Your capital may be at risk)
Contests and prizes for traders
Another plus for FBS is free contests and rewards for traders. Forex brokers offer different contests that are updated each week, for example, with the chance to win a car or an iPhone X. Personally, we like free demo contests to Get paid without risking your own money. The prize fund will be 1000$ or more and the top five will receive a certain amount of prize money.
Support and service for merchants
The final point of this FBS review is support and services for traders. FBS provides phone, email and chat support for each client. Support is available in multiple languages and available 24/7. In addition, every trader receives personal support through an account manager who can help you with frequent questions.
We also took a closer look at the services for traders. FBS is very present in the Asian region. There are events and tutorials for new traders. In addition, the best traders will be rewarded with huge bonuses. Webinars and tutorials are available on the platform for beginners or advanced traders. In summary, FBS is one of the best personal service brokers for its clients.
Facts about support:
- 24/7 support
- Phone, email and chat
- Local FBS activities
- Webinars and Tutorials
- personal account manager
Countries: – FBS accepts international traders.
FBS is a well-known international company. They accept international traders with a few exceptions. Support is available in over 150 different languages. Most traders are from Africa, Indonesia, Malaysia, India, Indonesia and the Philippines.
These countries are not allowed:
Japan United States Canada United Kingdom Iran
(Risk Warning: Your capital may be at risk)
What is the best FBS alternative?
While FSB is a trusted international broker with more than 23,000,000 clients in more than 150 countries, more than 410,000 partners have chosen FBS as their preferred broker. and is the official partner of Leicester City Football Club. So your funds are absolutely safe. Before we conclude this article We will recommend our favorite alternatives to FBS.
Conclusion of the review: Is FBS a scam or not? – is a reliable broker
Based on our experience, FBS Markets has rigorously tested online brokers. The broker has international and European licenses. Which is why fraud is eliminated. In summary, we can recommend a provider. Because he offers to trade in the Forex market at very cheap prices. The broker scores with a wide range of account types and bonus offers. Account types with smaller deposit amounts are more expensive. But if you choose to deposit more than $1000, you will get good trading conditions.
The MetaTrader trading platform is also professional and available in versions 4 and 5. In addition, support responds quickly in different languages. One of the biggest advantages is that traders can start contests for money or other prizes. No-deposit traders get an opportunity to earn. All in all, the service is very good and special for this broker.
Advantages of FBS:
- Regulated in Belize and in Europe
- accept international traders
- different types of accounts for your deposit
- Leverage up to 1:3000
- Low spreads and commissions
- Specializes in forex trading and CFD trading.
- Trade over 250 markets (Stocks, Forex, Commodities, Indices)
- Bonus programs, contests and events
- Reliable support and service
FBS Review
summarize
FBS is an excellent and regulated Forex broker with many advantages and the possibility of using high leverage.
If you are looking for something good online broker with many different offers It shows that you are suitable for this provider (4.5/5).
(Risk Warning: Your capital may be at risk)
Frequently Asked Questions – Frequently Asked Questions About Forex Broker FBS:
What advantages does FBS have? Why should you use FBS?
– Honest and Growing Broker
– Offering the Most Competitive Forex Offers
– Lots of Successful Transactions Every Day
– Team of Highly Skilled Professionals
– Millions of Satisfied Clients
How much should I invest in FBS?
You will be able to trade with a minimum amount of 0.01 lots and use appropriate leverage. Choose a regular account with flexible spreads. If you want to do a lot of transactions A minimum deposit of $100 is required for this account type. You should be aware that you can only create one account for each category.
Does FBS require verification?
To withdraw funds from your FBS account or initiate a bank card payment. You must first verify your FBS account. Authentication also contributes to the safety of your personal and financial details. Verification is also safe against unauthorized transactions and money laundering. and offers a safe and transparent relationship between brokers and traders.
Does FBS give bonuses?
FBS offers a 100% deposit bonus to both beginners and experienced traders to increase their income. You only need to make the initial payment and receive the incentive within 1 month. You may receive it for every new account you create. on the other hand Level up bonuses are offered to all new traders. You will get free money which can be paid after 20 trading days.
(Risk Warning: Your capital may be at risk)
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