FBS Review (2023)

What is FBS?

FBS was founded as an international broker that serves clients from over 150 countries since 2009 shows its excellence with numerous prestigious awards and cutting-edge technologies on the Forex Market. While at the very beginning the broker was established in Belize only, lately, FBS became also a Cyprus Broker. That definitely helps and supported expanding of its service to a European population for both newbie and professional traders

Regulated, set by the European legislation environment brought greater capabilities to a broker with useful tools and fully authorized trading service, which push FBS development even better. Further in our FBS review we will cover its trading proposal conditions and see whether they are competitive.
 

FBS Pros and Cons

FBS operates for many years and provides a stable trading environment, there are good trading conditions including copy trading on MetaTrader4 and 5, spreads are considered low based on our research also the education section is wide.

On the negative side, trading instruments are limited to Forex and CFDs and trading conditions vary in each entity, we recommend signing with Europeana  entity for better transparency.

10 Points Summary

Awards

For the years of its successful operation FBS received over 60 international awards that recognize them as a Transparent Broker with Best Customer Service, which is actually some of the most rewarded Brands worldwide.

Is FBS safe or a scam

No, FBS is not a scam, FBS is a brand name used by the Tradestone Limited, which is a Cyprus registered company, EU and MiFID regulated investment firm registered with CySEC.

An additional entity of FBS is located in the Marshall Islands and Belize, which are offshore zones that do not really prove their reliable status on itstheir own. Belize’s local regulator Financial Service Commission or FSC mainly just register companies rather than regulate them.

Yet, together with regulation from European CySEC it makes FBS a broker which compliant with regulatory requirements and therefore offers reliable trading conditions.

How are you protected?

Indeed, trading with a regulated broker that adheres to strict standards is the first and most important step before you sign in with any trading company. In this matter, FBS with its obtained license and compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders’ funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities y Negative Balance protection.

In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

Therefore and because of its obtained license compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders funds in segregated accounts, making it unreachable for any other company use, as well as enhancing capabilities y Negative Balance protection. In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

Leverage

Obviously, leverage levels increase your trading size by the possibility to multiply the initial balance bringing vast opportunities for higher gains. As usual, offered leverage depending on some factors including your level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions. Therefore,

• trading with a European entity you may maximum use 1:30 leverage for major currency pairs,
• International FBS may offer high leverage ratios up to almost fantastic 1:1000 or even 1:3000 sometime

Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing your money rapidly. Indeed highest leverage involves a high risk of losing in parallel to its gaining option, which may be not the best option for very beginners as well.
 

Account Types

While opening an account you may choose between Standard Account, Crypto Account and Cent Account, which is a perfect option for beginners due to its much lower requirements and risks involved. However, note since FBS operates through two entries EU one and the International the conditions and trading proposals may vary.

Alike, International traders can sign up with the alluring opportunity of 6 Account types, very high leverage of up to 1:3000, deposit bonus, cashback programs and much more. However, make sure you learn all the risks involved with high leverage and use of bonuses as well, in trading, there is always a risk of losing involved as well.

The account types at FBS offer both demo and live trading accounts that give exactly what you may look for, regardless of the level of the experience. Demo Account is very recommended for beginners and if you would like to test the FBS Forex trading environment.

How to open an account?

Eventually opening an account with FBS isn’t a very complicated process, as you will be guided through simple to understand steps, which are the following.

1. Enter all the parameters of yours including name, email, Phone, etc
2. You will receive a confirmation link to your email to follow the process
3. Upon receiving access to your online account management you may start Demo Account at this stage
4. Define the account type you wish to open and choose your base currency
5. Specify your trading experience and expectations with the online questioner
6. Upload proof of your address, identity, etc (As per regulatory requirements)
7. Click Submit, allow a few working days to verify your documents and account
8. Follow with money deposit
9. Decide whether you want to trade FX products, stocks, or others and start trading

Fees

FBS pricing is typically built into a spread, which means you will be paying spread for every order you take, plus consider overnight fees, inactivity fee and withdrawal fees if applicable. See the fees comparison table below.

Spreads

Since there are two account types, you will have an option either to trade with a Standard spread Account starting from 1 pip, or while trading with Cent account be offered with tight spread. Thus, typical spread on Standard account for EUR USD pair is 0.9, and Cent Account EUR USD spread is 3 pips.

The international offering is slightly different since there are ECN accounts available with raw spread and commission charge per lot.

You may see below more examples of some spreads and conditions, contract specifications and rollover below as well may compare FBS fees to another broker FP Markets.

Overnight fee

Also, you should always count on the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio, which you may see as the example above or check directly from the platform.
 

Trading Instruments

As for the trading service itself, FBS brings transparent conditions for trading by the use of popular instruments including Forex, Metals and all connected by split-second execution through the STP model. Also, FBS invests in technology making a trading process smooth and more convenient accompanied by the powerful execution it provides.

However, we would not the range of instruments are rather limited as there are around 40 currency pairs, including exotic ones are offered and 6 Indices based on CFD trading, along with Metals and Energies. If you prefer trading Stocks, Futures or a wider range of the instrument, you better then consider other brokers as well.

Payment Methods

So in order to transfer into live trading you should obviously deposit money, while FBS offers a range of the most used and convenient payment options from an impressive range over 100 payment systems. However, this might be applicable for the international entity of FBS only, as the EU regulator demands strict money transfer policy as well.

Deposit Options

As we see there are numerous deposits options included to FBS offering. These include the most common ones available for the FBS CY entity and much more at its international branch.

• major cards Visa and MasterCard, 
• e-wallets Neteller and Skrill
• Wire transfers
• Crypto wallets

Minimum deposit for FBS

FBS minimum deposit for Cent account is 10$ at the very beginning, good option for beginning traders. Standard Account yet demands only 100$ initial deposit so experienced traders may find their way with relatively small amounts too. For Crypto accounts users, minimum deposit is 1$ only.

FBS minimum deposit vs other brokers

How long does it take to withdraw money from FBS?

FBS provide good selection of withdrawal options and 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.

Withdrawal of money isn’t a complicated process, as you need to enter into your trading account management area and submit a withdrawal request. Typically FBS process withdrawals within 1-2 business days, however allow additional processing time for your payment provider.

Trading Platforms

As the majority of STP, technology based and best Forex brokers, FBS mainstays at the high industry and provides a powerful platform to execute orders, through the market leader – MetaTrader4, also available to choose newer version MetaTrader5 and proprietary FBS Trader.

Web Trading

Web Trading is very comfortable as you don’t need to download or install any software, simply my login online through a browser you may trade instantly. Yet, usually Web trader features fewer tools or customize parameters and is a rather simplified version of the platform.

Look and Feel

It is a fact that MetaTrader charting does not require introduction or recognition, as it is the most regarded design worldwide. Simple to navigate, overlook or research is packed with comprehensive tools and features, yet is very understandable even for the very beginners.

A solid platform MT4 delivers a wealth of features, advanced charting and customization along with auto-trading capabilities while available for PC or MAC, Android or iOS devices making it available at anytime or anywhere.

Desktop Platform

MT4 is also available as a desktop platform which is more suitable for active trader and professionals due to its comprehensive add-ons and options.

Moreover, in case you will be trading with the international entity of FBS you will be offered also to use upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading.

Mobile Trading Platform

Of course all platforms feature mobile trading app, so you can stay trading under any circumstances and on the go.

Eventually, FBS Trader is a platform app or a CopyTrade App is a highly rewarded and regarded social trading platform that allows following trading professionals or strategies, which is a great option for investors or beginning traders to learn better.

Trading indicators

In addition to the progressive functions of the MT4 as we found within the FBS Review, you can enjoy daily technical and fundamental analysis data that is streamed into the news section. Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and even trade with VPS service support.

In addition to the progressive functions of the MT4, you can enjoy daily technical and fundamental analysis data that is streamed into the news section. Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and even trade with VPS service support.

Moreover, in case you will be trading with the international entity of FBS you will be offered also to use upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading.
 

Customer Support

Another point to admit is the customer support FBS provides. Since the broker placed its orientation on good support and guidance especially for novice traders, you will find FBS Customer Support available 24/7 accessible either through live chat, international phone lines, email or even social media.

Definitely, FBS stands at a quality support level which is always good and necessary thought out all your trading process. FBS gives relevant and fast answers for concerns and questions and was market as a client-oriented one.

Education

There are numerous educational materials and programs organized by FBS also that are designed to enhance trading capabilities and of course recognizing the importance of good knowledge in markets trading.

This is an especially good point for beginning traders, as firstly you should understand the industry well, practice strategy through Demo Account, which is available on an unlimited basis and then follows with Live trading.

At the FBS learning center you will find a range of Webinars, Forex Guidebooks, numerous Tips for traders, Video Lessons along with Glossary materials. All in all, FBS education is quite sustainable and well organized, also you will find other good tools including research and analysis very important at any step of the trading career.

Research

Apart from the research tools that MetaTrader platform is packed with you may access additional information that FBS provides with a purpose to support its traders.

You can find a very well designed Forex Calculator right from the website, Economic Calendar to track the news and a currency converter for easy calculations. In addition, FBS provides in-house designed Daily Market Analysis and runs Forex TV, where all news and freshest updated stream for your better knowledge.

Conclusion

Our final though about FBS are good. The range of account types, platforms with advanced tools and convenient customer supports enables good trading conditions. Also, FBS adheres to popular and quite good reputation among traders, while also FBS actively participating in social activities and is an official principal partner of Leicester City. While the trading costs are among the average as well, while there is no any misunderstanding due to the company FBS Markets execution model as an STP Broker.