FBS Review: Forex Broker & Trading Markets | Legit or a Scam

Score

3.5/5

Min Deposit

Min Spread

0.7 pips

Regulation

ASIC, CySEC, FSC

Max Leverage

1:3000

Positive Ratings

85%

Neutral Ratings

10%

Negative Ratings

Company Summary

Aspect	Information
Registered Country/Area	Cyprus
Founded Year	2009
Company Name	FBS
Regulation	ASIC, CySEC, FSC
Demo Account	Available
Minimum Deposit	$5
Maximum Leverage	1:3000
Spreads	Variable spreads from 0.7 pips
Trading Platforms	MetaTrader 4, MetaTrader 5, and FBS App.
Customer Support	Phones, Live Chats, Physical Offices, and Contact Form.
Payment Methods	Cards, Ewallets, and Wire Transfers

Introduction

FBS is a profound trading platform. It offers a variety of trading products like metals and energies. These products help traders enhance their portfolios. FBS broker operates on the popular MT4 and MT5 trading platforms. The trading platforms offer advanced trading tools like economic calendars and trading calculators. These tools help to improve overall trading strategy.

FBS is a regulated and encrypted platform that ensures safety and transparency to the users. This FBS review discusses the key aspects of the platform to identify its credibility for the traders.

Trading Instruments by FBS

FBS offers trading in 5 popular trading products. The multiple assets help traders enhance their portfolios and access global markets.

Forex Trading

At FBS, forex trading is the top trading asset. You get access to over 40 FX currency pairs. From minor, major, and exotic, you get it all.

Metals

At FBS, traders can also invest in precious metals. These metals include gold, silver, and Palttimun. These investments enhance the overall portfolio of traders.

Indices

FBS allows traders to invest in global indices. Also, the platform helps traders understand and analyze the market movements.

Energies

FBS offers CFD in important energies like crude oil and natural gas. Trading in energies helps in capitalization on price changes in these commodities.

Stocks

At FBS, you can invest in global companies like Apple, Amazon, and Google. The platform has listed the top companies for you to invest in.

Account Types

At FBS, there are no specified account types. The platform does offer demo accounts and Islamic accounts. There is no information regarding the Islamic accounts on the platform. The platform ensures advanced tools for the traders like trading calculators and economic calendars.

FBS has a provision for demo accounts. These accounts are created for traders to practice and utilize their strategies without risking their real funds. The demo accounts allow trading using virtual funds in the real market. If you want to check other brokers with similar account type, you can go for SmartSTP, Capplace and FX Road.

Withdrawals and Deposits

FBS offers trades with over 200 payment methods. The top payment methods are credit/debit cards, bank transfers, and e-wallets. The minimum deposits can vary starting from just $5, accessible for traders with low investment plans.

Withdrawals are processed within 2 business days depending on the payment method used. There are no fees or commissions involved during the process.

Fees and Commissions

Depending on your account type, the fees, and charges change at FBS. The platform offers competitive pricing on the platform. There is not much information about the commissions.

However, the platform ensures zero commission on deposits and withdrawals. Also, the inactivity fees after 3 months, start from $10.

Security and Regulations

Security is one of the top priorities of the platform. FBS has been regulated by top financial authorities that keep it under the industry level of security measures. It is regulated by the FSC of Belize, CySEC, and ASIC.

These financial bodies keep the platform transparent and safe for trading. FBS ensures the client’s fund protection by creating separate accounts for client funds and operational funds. The platform offers advanced security with SSL encryption. The encryptions help to keep the client’s personal and financial information protected during transactions.

Customer Support

FBS offers traders efficient customer support to traders with different experience levels. This helps them with their queries and learn new and better skills.

Customer Support Team

The platform offers 24/7 support with live chats, emails (support@fbs.com), and calls (+357 22 010970). The support team is equipped with knowledgeable members who can help you with trading or any technical issues you face.

Educational Resources

FBS has designed a proper FBS academy for traders beginning their journey. The courses include video tutorials, blogs, webinars, and articles to help you with basic trading skills.

Analytical Tools

FBS offers traders market and VIP analytics. Market analytics helps traders understand market movements and fluctuations. This helps in making informed decisions while investing.

Conclusion

FBS is a regulated and encrypted platform with a positive image in the industry. The authorities ensure the safety of the personal and financial data of traders. FBS trading platform caters to the varying needs of traders. The platform offers advanced tools and robust security that enhance credibility. The platform ensures a safe trading experience with multiple features that enhance your portfolio.

Lastly, we can say that FBS is a legitimate and secure trading platform ideal for everyone.

Well Regulated Trading Platform
Tight spreads and Leverages
Low fees and commission

Lack of Information about Account Types
Limited Trading Instruments

FAQs

What is the minimum fund required to add in a FBS account?

The minimum deposit at an FBS account starts from $5. This may vary from account to region.

Does FBS offer a demo account?

The platform offers access to free demo accounts that help traders trade with virtual funds without risking real funds.

Is FBS regulated?

Yes, the platform is regulated and encrypted by top authorities like IFSC, CySEC, ASIC, and SSL.

What are the commission rates on FBS?

FBS has zero commission perfect for traders with lower budgets.

Does FBS offer negative balance protection?

Yes, FBS does offer negative balance protection. It ensures investors do not lose more than their deposited amount.

Does FBS offer an Islamic account?

Yes, the platform offers Islamic accounts for Muslim Traders. However, there is no proper information about the features of the account.

Is FBS a good choice for beginner traders?

FBS offers extensive educational resources, low deposits, and demo accounts. All this helps beginners to start trading while learning.

Trusted Score

4.3/5

Score

4.3/5

Trusted Score

4.1/5

Score

4.1/5

Trusted Score

4.2/5

Score

4.2/5

Trusted Score

4/5

Score

4/5

Trusted Score

4.5/5

Score

4.5/5

Trusted Score

4.8/5

Score

4.8/5