FBS Broker Review 2020

Are you looking to know everything about FBS Broker? This is a complete guide on FBS trading. Get unbiased customer reviews, ratings, and many more. Let's rock and roll below!

FBS | Trade with a reliable broker

Now, FBS Broker has got the interest of more than 190 countries around the globe and all thanks to the “Rules and Regulations” of CySEC and IFSC.

Service information

Demo Account Yes
Minimum Deposit $1
Max Leverage 1:3000
Spreads from 0.01
Type of Broker ECN
Tradable Assets Currencies, Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities and Cryptocurrencies
Deposit Options VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay, GlobePay

Company information

Established 2009
Regulated by IFSC, CySEC
Telephone +35725123212
Customer Support 24/7 in 18 languages

FBS-Featured-DailyForexTrading.Net


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:

Rollover Fee

There’s no rollover fee that FBS asks you for.

Margin Interest

They won’t ask you for any Margin Interest.

Depositing Fee

It is completely reimbursed by the FBS.

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


Pros


Cons

It provides you with access to additional funds because you’re asking the other client for money.

Just like you gain profits, you can lose a lot of money real quick

You can gain larger positions in the market with the help of FBS Broker Leverage

With CFD trading account policies, you can lose a lot of money, and that’s totally non-refundable

Your profit shall increase dramatically with FBS standard and unlimited account 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


Pros


Cons

24/7 Service

Limited Knowledge about things

Fast Responses

Limited Sharing of Data

100% Client Satisfaction

 

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:

    FBS-OpeningAccount-DailyForexTrading.Net
  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:

    FBS-Registration-DailyForexTrading.Net
  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.”

    FBS-ClickFinances-DailyForexTrading.Net
  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:


FBS Broker


XM Broker

Ratings: 9/10

Ratings: 9.7/10

Spot Forex: Yes

Spot Forex: Yes

Forex CFDs: Yes

Forex CFDs: Yes

Spread Betting: No

Spread Betting: No

Social Trading: Yes

Social Trading: No

Forex Currency Pair: 28

Forex Currency Pair: 55

Commodities Offer: 2

Commodities Offer: 15

Stock Offered: N/A

Stock Offered: 160

MT4: Yes

MT4: Yes

MT5: Yes

MT5: Yes

Web Trader: Yes

Web Trader: Yes

Custom Platform: No

Custom Platform: No

 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


Pros


Cons

Free Education

Language is still a barrier because it is rolling in more than 190 countries around the globe.

Education is more than 50 languages

 

Free tutorials on setting up accounts and community to educate you to learn hot topics

 

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

frequently ask questions

With Demo-account, you can learn Forex market trading, master and test your own trading strategies and expert advisors online absolutely free of charge. Trade under real trading conditions on virtual funds. Choose Demo upon registering an FBS account. 

You can fund your account in your Personal area, via “Financial operations” section, choosing any of the available payment systems. Withdrawal from a trading account can be executed in your Personal area via the same payment system that was used for depositing. In case the account was funded via various methods, withdrawal is executed via the same methods in the ratio according to the deposited sums.

You can recover your PIN-code in your Personal Area on the PIN-code recovery page (available after clicking on the green button near your name in the upper panel). You will need to fill in as many fields in the appearing form as possible, attach color copies of the documents that you used for account verification and click “Send Request” button.

Your request will be considered within 24 hours. In case your identity is confirmed, you will receive an e-mail with a recovery link. This link can be used only once. The page with your new PIN-code will be available for 24 hours only. We strongly recommend you to remember or save your new PIN-code in a secure place.

Margin Call is an allowed margin level (40% and lower). At this point, the company is entitled but not liable to close all open positions of a Client due to the lack of free margin. Stop Out is a minimal allowed level of margin (20% and lower) at which the trading program will start to close Client’s open positions one by one in order to prevent further losses that lead to negative balance (below 0 USD).

Deposit requests via other payment systems are processed within 1-2 hours during FBS Financial dept. business hours: Monday to Friday 07:00 – 19:00 GMT +3. The maximum time of processing a deposit/withdrawal request via an electronic payment system is 48 hours since the moment of its creation.

Verification is necessary for work safety, prevention of unauthorized access to personal data and funds stored in your FBS account, and easy withdrawal. 

1. Choose the Verification section in your Profile settings (green button near your name in the upper left-hand part of the screen) or follow this link.

2. Fill in the necessary fields. Please, enter correct data, exactly matching your official documents.

3. Upload color copies of your passport or government-issued ID with your photo and address proof in 'jpg', 'jpeg', 'png', 'gif' or 'pdf' format of a total size not exceeding 5 Mb.

4. Click the button “Send request”. It will be considered shortly after, the maximum time of consideration being 24 hours. In case your request is declined, you will receive a notification to your e-mail address; the reason of decline will be stated in your Personal area.

You can change leverage in your Personal Area on the account settings page (available after clicking on the account number you need in the table on the left) in the “Leverage” section.

You will need to click on “Change leverage” link, set the necessary leverage adjustment and then click on "Save". Attention! Leverage change is possible only once in 24 hours. It is impossible to change leverage if there are any open orders on the account.

FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as the CFTC, NFA, FCA, ASIC, and CySEC. ... The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.

HOW CAN WE HELP YOU?

contact@dailyforextrading.net