FBS Review 2021 Overview
FBS Review 2021. In today’s review, we will talk about FBS Forex Broker, and share all the important information about this broker, which will help a trader to choose the right broker.
FBS Forex Broker owned and operated by Tradestone LTD headquartered in Limassol, Cyprus. Founded in 2009. The company gained 50,000 customers in its first year of operation, and currently has more than 16 million customers worldwide. The company claims that about 7000 traders are opening new trading accounts with them every day. This broker has been providing service for 11 years and has an amazing reputation, and FBS is recognized by the industry’s most respected expert traders. Currently, FBS broker supports 5 asset classes (Forex, metals, CFD’s, exotic pairs, and stocks). FBS broker offers 5 different types of accounts, making it a very useful forex broker for both beginners and expert traders. Our expert team is happy to share that FBS supports negative balance protection which gives traders another layer of security and protects traders against critical market conditions and violet price swings.
- Trade Forex, Metals, CFD’s, Stocks, and Exotic pairs
- Regulated by CySec (for EU clients), IFSC (non-EU clients)
- Globally regulated, Support clients from 190 countries, a total of 16 Million Clients worldwide.
- 24/7 Multilingual Customer Support
- Not support clients from (Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel, and Iran)
- Charge commissions on deposits/withdrawals (few methods)
FBS Security & Licenses
FBS Forex Broker owned and operated by Tradestone LTD. Tradestone is an investment firm registered in Cyprus (Company Registration Number 353534) and is regulated by the Cyprus Securities and Exchange Commission (CySEC License Number 331/17). The European branch of FBS is regulated by CySec (Cyprus securities and exchange commission).
CySec is considered one of the most reputable authorities in the world. And for the rest of the world, it operated under IFSC (International Financial Services Commission of Belize) regulation, which is considered a lesser regulator. European clients will receive a compensation fund because of Cysec regulations, and there no specific found compensation programs for non-EU clients.
Feel free to trade with this stringent broker that follows international rules and guidelines. Top of that, FBS is the main sponsor of FC Barcelona and won so many prestigious awards “Best mini forex-broker,” “Best forex broker Asia,”. FBS will surely live up to its reputation.
The website (www.fbs.com) is operated by FBS Markets Inc.; Registration No. 119717; FBS Markets Inc is regulated by IFSC, license IFSC/000102/124; Address: 2118, Guava Street, Belize Belama Phase 1, Belize.
The website (www.fbs.eu) is owned and operated by Tradestone Limited (address: 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol, Cyprus). Also boasts a license fromregistration number HE 353534, authorized by (CySec) Cyprus Securities and Exchange Commission, license number 331/17.back to menu ↑
Trading fees & commissions
The company is claiming to earn 500 Million in annual revenue, most of the profit comes from spreads and holding positions overnight. They offer 5 different types of trading account, commissions and fees are changes depending on the type of account. FBS Broker operates through a hybrid business model. They offer two types of trading account STP and ECN. In the case of Standard, Cent, and Micro accounts there are no commission fees, only charge spreads. However, in the case of the ECN accounts, they charge $6 commissions per lot, and For “Zero spread account” they charge a $20 fee per lot. And spreads as low as 1.0 pips. Spreads increases depend on your currency pairs and liquidity.
FBS is a non-dealing desk (NDD) broker, which means it doesn’t go against its traders and there are no requotes. Additionally, you can choose the ECN platform and make enjoy tight spreads and live price quotes. The broker also offers “swap-free Islamic accounts” to serve their Muslim traders. Muslim traders are prohibited by their faith to accept the charges of interest.back to menu ↑
FBS brokers offer a limited number of training trading instruments, they offer 5 classes of assets. You can trade Forex, Metals, CFD’s, Exotic pairs, and Stocks. Currently, FBS only supports 113 trading instruments in total, Where 28 Forex pairs including majors and minors, 4 metals including gold and silver, 6 CFD notably Nasdaq, DAX30, S&P500, and Exotic pairs include EUR/CNH and USD/RUB. And 66 stocks available including stocks of unique large companies including Google, Microsoft, Apple.
- 28 Forex pairs majors and minors
- 4 Metals with gold
- 6 CFD’s including NASDAQ, DAX 30, S&P500
- 9 Exotic Pairs including EUR/CNH, USR/RUB
- 66 Stocks including Google, Microsoft, Apple, and more.
Unfortunately, they are only offering 28 currency pairs, but the competitor brokers offering more than 40 currency pairs. FBS also lacks CFD’s on equity as well as for cryptocurrencies.
Our expert team is a bit disappointed because the FBS broker lacks the basics of forex trading. True diversification cannot be achieved due to a lack of cross-asset trading opportunities.
28 Forex pairs
9 Exotic Pairs
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FBS Review 2021 Account Types
FBS offers five live account types to choose from, Cent account, Micro account, Standard account, Zero Spread account, and ECN account. There is no commission for cent, micro, and standard account only charge spreads, since these are STP accounts. Although the “Zero Spread Account” type also an STP market execution type, it charges only commissions ($20) and no spreads. And for ECN account spreads start from 1 pip and $6 commissions per lot.
FBS’s European platform features only two live accounts, Cent, and Standard account. The main difference between both is the minimum deposit which starts at $10 for Cent Accounts and at $100 for standard accounts. The minimum spread in both is a floating one which starts at 1.0 pip and the maximum leverage is 1:30. The maximum amount of open/pending positions is set at 200 with a starting execution speed of 0.3 seconds.back to menu ↑
FBS Review 2021 Trading Platforms
The FBS broker features a proprietary mobile trading platform that works on both iOS and Android systems, also supports two of the legendary trading platforms – MT4 and MT5. Metatrader 4 is the most used trading platform for Forex traders. These platforms are available for all kinds of devices. So traders can interact on the go.
When reviewing FBS brokers we used their own trading platform FBS Trader. Which is available for both Android and iOS devices. Mobile applications are good for those who want to keep an eye on trading all the time, their mobile applications support more than 50 trading instruments. Although it supports stop-loss, take-profit orders. But it does not support Forex Expert Advisors (robots), you need to use MetaTrader 4 or 5 to use trading robots.
MetaTrader 4 and 5
In addition, FBS broker supports MetaTrader 4 and 5, the most popular trading platforms. There is nothing new to say about these platforms, hopefully, all traders are aware of MetaTrader 4 and 5 functionalities.
FBS Review 2021 Mobile Trading
You can trade using MT4 & 5 alongside with their own trading application “FBS Trader”. These platforms are available for mobile devices. MetaTrader 4 and 5 mobile applications are available in Google Play Store and iOS App Store.back to menu ↑
FBS Review 2021 Social Trading
FBS also features a copy trading solution. This way users will be able to profit by copying skilled traders. Users can join the league of smart investors with FBS CopyTrade. This social trading platform allows customers to follow the strategies of the top market performers and copy them to earn money effortlessly. Users can find the best trading strategies, favorite the best traders, track their progress, network with them, and make money.back to menu ↑
Deposits & Withdrawals
At FBS there are many deposit and withdrawal methods are available. These are visa, Neteller, skrill, sticpay, perfect-money, also you can exchange your local currency. Electronic deposits are instant and bank deposits can take up to 5 business days. For Withdrawal requests for credit cards are handled the same business day, bank wires within 48 hours, and Skrill or Neteller requests between 15-20 minutes with a maximum of 48 hours.back to menu ↑
Analytics and Education
FPS broker is far ahead of its competitor brokers in terms of market analysis and research. They offer many tools and features, including Economic Calendar Daily Market Analysis and Multiple Calculators, which can be used to check out all the updates about the market. These will help you with decision making while trading. You can take advantage of the forex news, daily market analysis, and their Forex TV. The educational section is divided into five sections which include Forex guide books, tips for traders, webinars, video lessons, and glossary.back to menu ↑
Although almost all Forex brokers are seen to provide 24/5 customer service, FBS Brokers provide 24/7 customer service, since the fx market is closed on weekends, they still provide customer support. Their customer support is very responsive reply instantly, in order to reach support you can use live chat, email, phone call, also there is a callback service available.back to menu ↑
Our final thought about FBS broker is: this is one of the best brokerage out there regulated by a top-tier regulatory institution. Top of that, FBS is the main sponsor of FC Barcelona and won so many prestigious awards. FBS will surely live up to its reputation. Also, this broker offers maximum leverage of 1:3000 for non-EU clients and minimum spreads of 0 pips.
They are providing trading services for 11 years now. In this long time, they’ve created a safe and secure trading environment.
To enjoy this awesome service and enhance your trading skills also follow the experts through copy trader, join today!
FBS broker information
- Year Founded: 2009
- Company Trading Names: FBS Markets Inc, Tradestone Ltd.
- Licenses: IFSC, CySEC
- Headquarter Address: 2118, Guava Street, Belize Belama Phase 1, Belize
- Phone Number: +35 7251 23212
- Facebook: https://www.facebook.com/financefreedomsuccess
- Twitter: https://twitter.com/FBS_news
- Trade Forex, Metals, CFD's, Stocks, and Exotic pairs.
- Regulated by CySec (for EU clients),, FSA, FSC, NFA, and BaFin IFSC (non-EU clients). Support clients from 190 countries, a total of 16 Million Clients worldwide.
- Globally regulated, 24/7 Multilingual Customer Support
- Not support clients from certain jurisdictions (Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel, and the Islamic Republic of Iran)
- Charge commissions on deposits/withdrawals (few methods)