- $5 Minimum Deposit
- 27+ Million Users
- 24/7 Customer Service
- Wide Range of Trading Instruments
- No ETF Trading
Established in 2009, FBS stands as a versatile broker, catering to varying trading preferences and needs. Best suited for traders seeking a mix of accessibility and reputable services, FBS extends opportunities for traders to exploit dynamic financial markets efficiently. The firm’s offerings are comprehensive, yet user-friendly, making it a feasible choice for both novice and seasoned traders.
Trust and Safety
The integrity and security of a broker are paramount in the decision-making process for traders. FBS holds its ground in terms of safety, diligently adhering to rigorous regulations and deploying robust measures for fraud prevention and the security of client funds.
Regulation: Companies operating under FBS are regulated under the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of Belize. By aligning with the standards and operational guidelines stipulated by these bodies, FBS demonstrates a commitment to maintaining transparency and ethical practices, giving clients a layer of assurance regarding the broker’s reliability.
Fraud Prevention: FBS utilizes state-of-the-art encryption technologies to safeguard sensitive information and financial transactions, establishing a secure trading environment. Enhanced authentication processes are incorporated to deter unauthorized access.
Client’s Fund Security: The broker practices the segregation of accounts, ensuring clients’ funds are kept distinct from the company’s operational funds. This separation guarantees the safety of clients’ capital, preventing the utilization of these funds for any other operational needs and securing them against any unexpected organizational predicaments.
|
Regulatory Body |
Status |
|
ASIC |
Yes |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
No |
Tradable Instruments
FBS furnishes an extensive array of tradable instruments, catering to a multitude of trading preferences and tactics, covering a variety of asset classes.
The platform primarily emphasizes Forex trading, featuring a comprehensive list of currency pairs including major, minor, and exotic pairs. This diverse offering makes FBS a favorable option for those with a keen interest in forex trading. FBS also extends opportunities for trading CFDs on commodities, accommodating those who prefer to deal with tangible goods like precious metals and energies.
Furthermore, for those with a proclivity towards trading in the dynamic world of cryptocurrencies, FBS provides access to CFDs on cryptocurrencies like Bitcoin, Ethereum, and Litecoin. However, it’s pertinent to note that FBS does not extend opportunities for trading in ETFs, bonds, or options, which may limit options for those looking to diversify their portfolio in these areas.
|
Trading Instrument |
Available |
|
COMMODITIES CFDs |
Yes |
|
CURRENCIES CFDs |
Yes |
|
CRYPTOCURRENCIES CFDs |
Yes |
|
ETF CFDs |
No |
|
INDICES CFDs |
Yes |
|
STOCKS CFDs |
Yes |
|
BONDS CFDs |
No |
|
OPTIONS CFDs |
No |
Account Types
FBS ensures its offerings are inclusive by providing Islamic accounts in compliance with Sharia law and adhering to the principles of fairness and transparency. However, traders looking for managed account options need to consider alternative brokers, and FBS’s services are not available to US traders due to regulatory constraints
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
AVAILABLE IN US |
No |
Commission and Fees
FBS is renowned for its transparent and competitive fee structure, enabling traders to operate with a clear understanding of costs involved.
With a minimum deposit of 5$, FBS has a low entry barrier, accommodating a wide range of traders.
FBS applies trading fees and spreads, specifically in the form of swaps. These fees, commonly known as overnight financing costs, are incurred when positions are held overnight.
FBS does not impose any account maintenance fees.
No inactivity fee levied.
FBS doesn’t charge any fees for deposits. Any associated fees would be imposed by the bank. For more information, please visit their website.
FBS doesn’t charge any fees for withdrawals. Any associated fees would be imposed by the bank. For more information, please visit their website.
Currency Conversion Fee
FBS charges a nominal fee for currency conversions, vital for traders whose account base currency is different from their trading currency.
FBS does offer guaranteed stop-loss orders, ensuring added protection during unforeseen market fluctuations, and these may incur additional fees.
Trading Platforms
FBS offers a suite of trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to different trading strategies and preferences. These platforms are acclaimed for their sophisticated charting tools, user-friendly interface, and support for algorithmic trading, serving a broad spectrum of traders effectively.
FBS provides access to mobile trading applications for MT4 and MT5, compatible with both Android and iOS devices, enabling traders to execute trades, analyze charts, and utilize technical analysis tools on the move with ease.
FBS allows traders to access MT4 and MT5 directly from their browsers through web applications, eliminating the need for additional software installations.
FBS avails platform versions for Windows and Mac desktops, ensuring a comprehensive trading experience.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
No |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Research and Education
FBS puts forth a strong effort in delivering an extensive range of educational and research materials, fostering a learning environment, although there remains a scope for refinement and augmentation in alignment with the industry leaders.
Learning Center Overview: FBS houses a comprehensive learning center enriched with diverse educational content such as video tutorials, webinars, and textual guides focusing on crucial trading concepts and strategies.
Educational Content Comparison: FBS’s educational content resonates well with industry norms, embracing essential subjects like forex fundamentals, technical analysis, and risk mitigation, but a deeper exploration into advanced topics by industry pioneers would be beneficial.
Progress in Education: FBS has demonstrated a consistent commitment to enhancing its educational repository, with a heightened focus on interactive and engaging learning methodologies, signifying its dedication to trader education.
Content Sources: FBS circulates authentic content developed by internal specialists, guaranteeing precise and pertinent trading information, along with insightful market analysis.
Areas for Improvement: FBS could further sophisticate its educational suite by introducing more intricate topics and exhaustive market scrutiny methodologies, tailored for both novices and experienced traders.
Video Focus: While FBS does offer a variety of video content, the incorporation of a wider array of subjects and more nuanced discussions could substantially elevate the video-based learning experience.
Customer Support
FBS prides itself on delivering exemplary customer support, marked by its responsiveness and versatility.
FBS addresses customer concerns via several channels like live chat, email, and phone support, ensuring accessibility and efficient resolution.
The accessibility of customer support seems to extend beyond the standard business hours, providing convenience to international traders.
In addition, FBS hosts a detailed FAQ section on its website, offering extensive insights on frequent inquiries concerning trading, account operations, financial transactions, and more.
-
Standard Hours Accessibility: Provides 24/7 support
-
Extended Hours Accessibility: Available (Exact hours not explicitly stated)
-
Multi-Channel Support: Live chat, Email, Phone
-
Supplemental Information: FAQ section available on the website
Deposit and Withdrawals
FBS facilitates smooth and diverse deposit and withdrawal options.
Deposits: FBS accommodates deposits via multiple avenues including credit/debit cards and e-wallets such as Skrill and Neteller. FBS prides itself on not levying any deposit fees, although additional charges might be incurred from payment providers. With a welcoming approach, FBS keeps its minimum deposit threshold relatively low, enabling traders of varied financial capabilities to engage.
Withdrawals: Consistency is maintained as withdrawals are enabled through the aforementioned payment mediums, ensuring seamless transactions for users. Withdrawals are usually concluded within one minute, while processing takes up to 4 days. While FBS refrains from applying withdrawal fees, external charges may arise in accordance with the chosen payment provider’s terms.
