FBS Broker Review 2020

When it comes to “choosing Forex broker ” you have so many options to look for and guess what?

FBS Broker is one of them. However, if you end up investing in something that’s not worth it, then you won’t be investing in any business because of “Fear.”

"This Forex broker provides you super-fast trade execution within 0.40 seconds for 95% of trades"

So, that’s why we are assisting the readers with “Complete reviews of Broker” because we know “How important it is to know the in-depth details of the broker you want to invest in.”

If you’ve got a wish of “Investing in FBS Broker,” then we recommend you to read the complete review because we will be breaking down everything without being “Biased.”

Let’s rock and roll!

FBS Review: History 

When talking about the History, FBS Broker came into being in 2009 and started to gain the fame and respect it richly deserved. After the launch, they started to witness 7000 daily investors joining the table and trusting the “FBS Group” all for good reasons.

They started targeting the Forex Market in the beginning, but after achieving so many investors (13 million traders), they inaugurated CFDs, Stock Exchange and a lot more to invest.

That’s enough of the “History” part, and we should now be moving towards regulations, account types, and trading platforms.

Here we go again;

Is FBS Broker Regulated?

Yes, FBS is regulated by:

• Cyprus Security and Exchange Commission (CSEC)
• International Financial Services Commission (IFSC)

But, that doesn’t mean “FBS” is free from the criticism, they are receiving hundreds of reviews on a daily basis, and they are working to improve it.

Account Type of FBS Broker

So, there are different types of accounts that FBS is dealing with, and all have their own privileges. We are listing everything down with a brief detail to help you choose the perfect fit for you.

• Cent Account
• Micro Account
• Standard Account
• Zero Spread Account
• Unlimited Account

Cent Account

• Minimum Deposit limit is $1
• No commission is involved
• Leverage is 1000:1
• You can enjoy open positions up-to 50 and same pending orders
• Spread from 1 pip

Micro Account

• Minimum Deposit limit is $5
• No commission is involved
• Leverage is 3000:1
• You can have 100 open positions and the same pending orders
• Spread from 3 pip

Standard Account

• Minimum Deposit limit is $100- This account is for the professionals
• No commission is involved
• Leverage is 3000:1
• You can have a maximum of 100 positions and pending orders
• Spread from 1 pip

Zero Spread Account

• Minimum Deposit Limit is $500
• $20 per lot commission
• Leverage is 3000:1
• You can have a maximum of 100 positions and pending orders
• Spread from 0 pip

Unlimited Account

• Minimum Deposit Limit is $500
• No commission is involved
• Leverage is 500:1
• There’s no trading limit for this account
• Spread from 0.2 pip

So, you can choose the account of your type and start your trading real quickly. But wait, there are a lot of things to consider, and you can have the Knowledge of everything by reading the complete content.

Scroll down!

What are FBS Trading Platforms?

Just like other trading platforms, FBS do deal with different trading platforms, and they are as follow:

• Meta Trader 4
• Meta Trader 5

Meta Trader 4

You can get MT4 for the following devices:

• Windows
• IOS
• Android
• Webtrader
• Multi Terminal
• Mac OS

Meta Trader 5

You can get MT5 for the following devices:

• Windows
• IOS
• Android
• Webtrader
• Mac OS

Now, it’s time to step up the game and discuss extremely important topics related to FBS Broker. We will be discussing spread, execution time, commission/fees, leverage/margins, and customer service of the FBS platform.

Let’s break down every single detail.

Spread of FBS

If you’re planning to open the FBS account, you’ll witness different spreads for each of the accounts. We have discussed everything in detail already, but let’s recall the moments once again.

There are two types of spread that FBS is dealing with:

• Variable and Fixed Spread: You can have the freedom of choice in the variable and fixed spread because FBS allows you to have a fixed spread.
  Though this type of spread is very competitive, it will still give you peace of mind when compared with other industry averages.
• Spread on Instruments: This type of spread completely relies on the authority you’re trading with. It means that if you’re trading with “EU FBS”, then you’ll enjoy different spreads and when trading with “Global Trader FBS,” you’ll have other privileges.

You can scroll up to see the spread for every account type.

Let’s now talk about the execution time.

The execution time of FBS Broker

Just like other brokers, they do deal with two types of execution:

• Instant Execution
• Market Execution

Instant Execution

In the FBS MT4 and MT5 platform, the order is executed at the prices that you offer to the broker. If the broker accepts your “Request” of executing the order, your trading shall be performed instantly.

Market Execution

In the FBS MT4 and MT5 platform, market execution means that “You have the tendency to place an order by defining only the volume.” The advantage of market execution is that “Your client will never reject your request in case of any price hike” and your client will execute the order with current prices.

It’s time to talk about commissions and fees of FBS Broker, let’s get started!

FBS Commission and Fees

We are writing the details about “Commission and Fees” in a table, have a look at the informational table down below:

Leverage of FBS Broker

FBS is providing you with 5 types of accounts that we have discussed above, and it’s totally up-to with what leverage you want to trade with. They are dealing with leverage from 1:50-1:3000, but the leverage is completely dependent on “What type of account you’re using.”

PROS AND CONS - LEVERAGE

FBS Customer Service

Do you want to know the answers to questions related to your account if you run into a situation where you need the help of “FBS Customer Service?” they are 24/7 available to help you.

You can go to the “Faqs” section of the website and search for your questions. They have already answered thousands of questions there.

Pros & Cons - Customer Services

How to open FBS Account

So, are you convinced with the information above and now willing to open an account on “FBS Broker?” Just follow the instructions given below, and you’ll end up having an account.

Let’s talk about it!

1. The first thing that we need to do is “Head towards the official website” by clicking here
   
   
2. Upon clicking the link, you’ll end up opening the website, and you’ll then have to click on “Open Account” as shown in the screenshot below:
   
   
   
3. After clicking on the button, you’ll be promoted to a page asking you for some basic information to open up the account. Don’t worry, here’s the screenshot for your ease:
   
   
   
4. Get yourself registered with your email or registered yourself with “Facebook or Gmail” by one click. After clicking, you need to confirm “Whether it’s you who’s using the email or someone else” after the confirmation, you’re all set to head towards your account and update your profile.

But wait, that’s not the end. Before you get started, they will ask you for the following information:

• Credit Card Information
• Permanent Address Details
• Your Identity Card
• Mobile Number
• And sometimes “Selfie” for making the security better

Let’s now talk about “How to deposit/withdraw profit money from “FBS BROKER.”

How to withdraw profit money?

To withdraw your money from “FBS BROKER” you’ve to follow the steps/instructions down below:

1. Login to your account.
   
   
2. Now click on the menu and then select “Finances.”
   
   
   
3. Choose “Withdrawal Option” from the finance and then choose the suitable payment method.
   
   
4. Now specify the trading account you want to withdraw from and then enter the details of the e-wallet or payment system account.
   
   
5. Enter the number of funds you want to “withdraw” and click on “Confirm Withdrawal Button.”
   
   
6. You’re done

Let’s now compare FBS Broker with XM

FBS Broker vs XM

Let’s compare everything in a table to make you understand things clearly:

 So, that was a brief comparison between the biggest giants. Let’s now talk about the advantages and disadvantages of FBS Broker.

Advantages and Disadvantage of FBS Broker

There are a few advantages and disadvantages of every single thing in the world, and so does FBS Broker. Here they are”

Advantages of FBS:

• You can enjoy high leverage up-to 1:3000
• The trade execution is super fast, and you can perform it within 0.40 seconds
• Low spread and commission is compelling the investors to choose this place time and again
• You can have a demo account for every type of “Account” to learn about the accounts and strategies to get the best out of your investment
• Great Customer Service is available to assist you 24/7

Disadvantages of FBS:

• They charge you a handsome amount on your deposit and withdrawal
• EU customers have limited option as compared to global customers

FBS Bonus, Contest and Promotions

To keep yourself updated with every single detail of FBS Bonus, Contest and Promotions, subscribe to their “Daily Mail” notifications because they come up with different things every day.

FBS BONUS

Currently, they are handing over $50 for opening up an account with the leverage of 1:500 and making your profile and profit growth. To open the account, you can follow the instructions given above.

FBS CONTEST

You can now take part in the FBS Pro Contest where you don’t have to submit the real amount, and you can win up to $450 every two weeks. To keep yourself updated, you’ve to visit their official website to see news/updates.

FBS PROMOTION

You can double your amount at the first deposit because they are giving you a 100% deposit bonus as a promotion of FBS. To get this bonus, you have to open the account, and it’s for everyone, not for a specific region.

So, finally, it’s time to move to our last topic, and that is “Pros and Cons of FBS Educations.”

Let’s talk about it!

Education Pros and Cons

So, that’s all from the topic “FBS Broker” and if you still have any questions in mind? Feel free to comment down below.