REVIEW FBS Forex Broker – SCAM or Not? 2020 REVIEW FBS Forex Broker – SCAM or Not? 2020

Min. Deposit1$ Demo Account Yes, FREE!
  • Rating
  • ✅ Maximum Leverage: 3000:1
  • ✅ Regulated By: IFSC, CySEC
  • ✅ Trading instruments: Forex, Metals, CFD, Stocks, Forex Exotic
  • ✅ Trading platforms: MT4, MT5 for Windows, MAC, Mobile (Android & iOS), FBS Trader, Copy Trading
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Among hundreds of different Forex brokers, should we choose Fbs to trade forex? and whether FBS is a scam? Let’s learn about the information and evaluation of FBS in this article with Forexfanclub.com

What is FBS?

What is fbs

FBS is a Forex broker established in 2009. Up to now, FBS has been present in more than 190 countries with more than 14 million traders and 370 000 partners worldwide. One of the important criteria to consider a forex broker is a long time of operation, we generally appreciate forex brokers that have been operating for more than 10 years, and FBS is among them.

Since its foundation, FBS has gained many achievements and has become one of the most popular Forex brokers today.

Is FBS broker regulated?

A trusted forex broker is a supervised broker managed by one or more trusted financial management agencies, so is FBS trusted? and is supervised by which agency?

Currently, FBS is regulated by IFSC (registered under 119717) and CySEC (under 353534).

Having a CySEC license will give traders peace of mind when trading at FBS because in case of a forex market managed by CySEC goes bankrupt, all traders will be insured by the Investment Compensation Fund up to € 20,000.

FBS uses Segregated accounts (meaning: Customer accounts will be kept in separate bank accounts and FBS does not have access to and use those accounts for any activities)

FBS is under the control of CySEC, so it is required to have a minimum capital of EUR 750,000 to maintain operations, to ensure FBS has enough capital in any case to fulfill the contractual obligations arising in tradings coming from its customers.

Through the above information, we can assess the safety level when trading at FBS.

FBS Trading instruments

FBS trading products are considered to be quite limited for professional traders, but for most individual investors, the products are also quite sufficient to trade.

Trading instruments available on FBS: 35 Forex currency pairs, 4 precious metal pairs, 5 CFDs and 33 stocks

FBS Platforms

Meta Trader4, MT5 For PC, MAC and Mobile App

Like most Forex platforms, FBS offers its clients popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (Mt5). These are the two most popular trading platforms for Forex Traders, allowing traders to easily conduct tradings with just one click, easily manage multiple accounts at once and multiple charts can be used simultaneously for analysis.

MT4, MT5 provides a lot of trading support tools, various analytical indicators to help investors easily make correct judgments in the trading process.

FBS Trader

FBS Trader

FBS Trader is a mobile application developed by FBS for its users. This application has almost all the trading support features as on MT4 PC, allowing you to access 24/7 from any mobile device (Android and ios). See details and download here:

FBS CopyTrade

FBS CopyTrade is a social networking trading platform where traders can automatically copy strategies and trades of experts. You can choose a trading specialist that you find effective (highly profitable and stable) and copy their orders. As you know Forex Trading has never been easy, so if you are a less experienced trader, copying trading on FBS copytrade platform will make it easier for you to make profits than trading for yourself.

FBS Copytrade

At FBS copytrade you can:

  • See a list of the best, most profitable, stable traders. copy their trades with 5% commission.
  • Can copy from one or more traders you want.
  • Can stop copying whenever you want.
  • The minimum amount to copy trades is from $100, the amount that most investors can participate in.
  • If you trade well, you can let other traders copy your trades and increase your daily income!

See more details and register here:

In addition, FBS also provides the MT4 Multiterminal platform (helps to manage multiple customer accounts at the same time).

Types of FBS accounts, Commissions, Spreads & Leverage

FBS currently offers 5 different types of accounts for you to choose from, including (Cent account, Micro account, Standard account, Zero Spread account and ECN account).

Cent account

This is the type of account in Cent units of the US dollar. When depositing 1 USD into your Cent account, you will have 100 Cent, similarly, if you deposit 10 USD there will be 1000 cents in your account. You are still trading as normal just the amount distradeed in your account will be in Cent units. With Cent account, you can train, improve skills as well as test methods of trading on real accounts for extremely low costs.

Cent FBS account details:

  • Minimum deposit: $1
  • Spread: float from 1 pip
  • Commission fee: $0
  • Maximum leverage: up to 1:1000
  • Maximum open positions and pending orders: 200

Micro account

Micro accounts are similar to Cent accounts, but the minimum deposit from $5 and apply fixed spread instead of floating as Cent accounts.

Micro FBS account details:

  • Minimum deposit: $5
  • Spread: Fixed from 3pip (high, so please consider when opening this account)
  • Commission fee: $0
  • Maximum leverage: up to 1:3000
  • Maximum open positions and pending orders: 200

Cent account, Micro account can be created for new people, or want to check the trading Systems.

Standard account

This type of account is suitable for all traders, you can use leverage up to 3000:1 with a spread of only 0.5pip.

Standard FBS account details:

  • Minimum deposit: $100
  • Spread: Fixed from 0.5pip
  • Commission fee: $0
  • Maximum leverage: up to 1:3000
  • Maximum open positions and pending orders: 200

Zero Spread account

Zero Spread accounts have a spread of just from 0 pips, with extremely high leverage of 1:3000, however, this type of account is rarely used by traders because of a high commission fee ($20/ lot).

Zero Spread FBS account details:

  • Minimum deposit: $500
  • Spread: Fixed 0pip
  • Commission fee: $20
  • Maximum leverage: up to 1:3000
  • Maximum open positions and pending orders: 200

FBS ECN account

This type of account is suitable for traders who prefer scalping trading because ECN FBS accounts have spreads of -1pip and low commission ($6).

FBS ECN account details:

  • Minimum deposit: $1000
  • Spread: float from -1pip
  • Commission fee: $6
  • Maximum leverage: up to 1:500
  • Maximum open positions and pending orders: Unlimite.

FBS BONUS

Rated as Forex broker with many attractive promotions, and currently, FBS has many bonus programs: Trade Bonus 100 (Free $100 No Deposit), 100% deposit, Cashback.

See more bonuses here

Deposit and Withdraw money at FBS

FBS offers various deposit and withdrawal methods (Visa / Master Card, Skrill, Neteller, online transfer). You can choose the option of depositing and withdrawing funds most convenient for you.

FBS customer support

FBS does a pretty good job of looking after its customers by providing customers with a variety of contact forms and responding to customer inquiries fairly quickly. FBS currently supports 18 different languages ​​in the world.

In particular, FBS provides a good service that is Callback – Call me back, you just need to leave your phone number, choose the time you want to receive calls and fill in your email and support team. FBS will actively contact you.

Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Summary

With a wide range of accounts to choose from, an enthusiastic support team, convenient deposit and withdrawal methods, and a supervised broker managed by trusted institutions around the world, does FBS get you good reviews and Chose for forex trading?

If you have any questions related to FBS or you have experienced trading at FBS, please leave your FBS rating in the comments. I wish you effective trading!

2 bình luận
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  2. My advise out there to traders is for you to be wise before you invest in any binary option broker I was scammed $195,000USD by online broker but at last I found someone who helped me to recover all my lost funds back from a scam broker that stocked my capital with an unregulated broker through the aid of INTERNATIONAL RECOVERY AGENCY (IRA). I was able to recover all my lost funds and bonuses back. If you need any assistance with regards of your lost funds from your broker or may be your broker manager asking you to make more deposit before you could make a withdrawal or your account has been manipulated by your broker manager or your broker has blocked your account just because they need you to make more deposit to your account, youncan reach out to them Via spynerdy AT gmail