FBS Review 2023: Is FBS Broker Legit or Scam?


While the minimum deposit for this account is quite high, it certainly is worth it due to so many services it has to offer. However, it does come with additional commissions, which start from $20 per lot. Holders of zero spread account can only trade currency pairs and metals. FBS broker is a leading international Forex broker with a presence in over 150 countries. Being a choice of over 17 million traders, FBS is a very reputable broker that has a lot to offer to its clients.

fbs forex review

In addition, every trader gets personal support through an account manager who can help you by frequently asking questions. Log in to your trading account and go to the customer dashboard. Then you choose the right amount for you and the payment method. With electronic methods like credit cards, the money will be directly in your trading account. In addition, you can choose a free bonus to get even more money to trade with. Kenyan traders can easily take advantage of FBS’ high leverage and margins by using the mobile app to trade on the move.

Find The Best Broker For You

Clients can select from MT4 and MT5, true ECN or STP account options. MetaTrader 5 was released a bit later, in 2010, and it has also become a very popular trading platform around the world. Both of these trading platforms are known for offering traders of all backgrounds and interests amazing and very high-quality services.

In this FBS broker review, we’ve shown the table with withdrawal fees. Keep in mind that some payment methods require a transaction fee when you withdraw funds without trading. Thus, the company reserves the right to impose a 5% fee on any payment method, as they deem necessary. FBS is a https://forex-review.net/ well-regulated forex and CFD broker that offers online trading services through electronic trading platforms. It is an STP broker with tight spreads across various financial instruments. Engine Forex is an information service covering a variety of brokers and products for trading online.

MetaTrader4 vs MetaTrader5

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience. Start easily and proceed to your trading journey with a wide range of instruments. But, is FBS a regulated broker in other parts of the world as well? Not only is this broker regulated fbs forex review in the world, but it has licenses from some of the best-known regulatory agencies globally. FBS is a global-scale broker, sticking to the principle of finding individual approach to each client. The chosen FBS broker is regulated by the Cyprus Securities and Exchange Commission CySEC and IFSC.

fbs forex review

These requirements are depositing at least $450 and trading a minimum of only 3 lots per month. CopyTrade enables all types of traders to engage in the financial markets and invest in professional or more experienced traders. The broker provides a list of advanced traders displaying their general profiles, generated returns in a given period, number of copiers and copy-fees charged. A trader can then check the statistics of the relevant traders and select those they want to follow or to copy. Our FBS broker review shows that the FBS trader is very popular among the clients of the broker.

What Is FBS?

It is filled with different trading strategies with quick explanations of how to deploy them. FBS could spend a bit more time and effort to describe the strategies more in depth, especially for new traders to get a better picture of what each strategy is about. The withdrawal processe really sucks and sketchy because I have tried multiple times and all were rejected after trying to fulfill their requirement. They have plenty of reason and will try to delay when you seek for explanation. Get a successful cent account to test a system and they will arbitrarily close it for no reason, maybe they d’ont want you to go live after all.

  • Here clients need to enter the email address and full name of the trader as on the documents.
  • Download the app from the app store and start trading and investment on the go.
  • This means that if you deposit $100 to your account, you will have 100,000 cents on your balance.
  • FBS offers a wider range of trading platforms than is typically available at other brokers, including its own in-house mobile trading app.
  • However, there is a need to make a few improvements, like the launch of more trading instruments and the removal of geo-blocking restrictions.

And even better, this type of account does not charge any commission, so you can trade as much as you want without costing a penny. The deposit and withdrawal of money are as easy as the registration with FBS. The broker offers different payment methods to do your transactions. First of all, we recommend verifying your full identity with FBS before you deposit and start trading with real money.

How we ranked fees

It has a one-step login and can be accessed through any web browser on desktop devices. FBS offers 6 types of live accounts namely Standard, Cent, Micro, Zero Spread, ECN, and crypto. Swap FeeA swap or overnight charge is the fee that is incurred if a leveraged position is kept open overnight.

The app allows you to view educational videos, has an integrated economic calendar, and allows you to contact customer support. Traders can also track real-time stats, open/close/edit positions, add stops to open positions and delete working orders. We quickly realised that the FBS Trader app is not a trading platform, but more of a portal that allows traders to manage their MT4 and MT5 platforms from a mobile device or tablet. We were pleased to see that the FBS Trader App is now also available on iOS where previously it was only available for Android devices. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review.

This can be increased by using the FBS Personal Area App, up to $140. FBS TraderOverall, FBS Trader is a good option for beginners, offering a user-friendly trading terminal available 24/7. MetaTrader 5MT4 and MT5 are also both available without a download via any browser through the WebTrader solution. This service works across all operating systems and has all the features of the original software. We use dedicated people and clever technology to safeguard our platform. It’s also worth pointing out the crucial fact that all the accounts have superior STP orders execution.

It is very important because the broker only withdraws to verified accounts. All throughout this broker FBS review UK, we have covered all you need to know about this powerful global trading platform. Novice and seasoned traders alike will be pleased with the experience of using the platform, so the decision to use FBS depends on if the account types suit your trading strategy or not.

Traders with more experience might use this account as a proving ground for their trading methods. The Cent Account has a cheaper initial deposit and allows for smaller positions. 👉 This FBS review will provide traders with the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.

We found in our FBS review UK that they aim to be “easy to maintain for beginners – functional to satisfy professionals” as stated in their landing page and site. It’s true that FBS is regulated by two top-tier authorities and directs its Malaysian clients to its Belize-based entity. But, it does segregate client funds from its own, has a long track record of behaviour, and provides monthly statements to its clients. Forex TV – a collection of videos on everything from suggested trading plans for the week ahead to historical webinars.

The chosen trading platform can be downloaded on your device for instant login. After making a deposit, trade orders can be placed through the chosen trading platform. These are the charges that are incurred from traders without executing any trade orders. Following are the components of non-trading fees at FBS in Malaysia. For a better understanding of the spreads incurred at FBS, we have compared the average typical spread charged by some of the most chosen brokers in Malaysia. The following table compares the spread charged by the brokers with their commission-free accounts.

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