More about FBS
FBS is a global company with a presence in more than 100 countries. The separate organizations that operate under the FBS brand are dedicated to their customers and provide them with opportunities to trade currencies and CFDs on margin.
The company, which is based in Cyprus, claims to have over 17 million active traders in more than 150 countries, ranging from Malaysia and Indonesia to South Africa, Pakistan, and the European Union.
For quick order execution, the firm uses a non-dealing desk (NDD) system with STP. Clients can choose between two platforms to access the markets after registering and logging in.
Customers can get MT4 for PC, which is the market-leading platform. A variety of features are included in the trading platform:
- One-click execution and copy trading
- Advisor Service (EA) and APIs
- A wide range of technical indicators and charting tools
- Support for customers using a Virtual Private Server (VPS)
This broker’s portfolio has recently been expanded to include MT5 integration. This platform is a more versatile version of MT4 that includes the following features:
- Hedging and netting
- Deep market overview
- Additional technical indicators
- More order types and time frames
The WebTrader solution allows you to access MT4 and MT5 without having to download anything. This service is compatible with all operating systems and includes all of the original software’s capabilities.
Clients can access a wide range of assets for trading:
- Forex: 28 standard pairs plus 16 exotics
- Metals: The four precious metals
- WTI and Brent crude oil are energy carriers.
- 40 company shares in the US, 30 in the UK, and 30 in Germany.
- Indices-a long list of cash-based indices
The company’s spreads vary depending on the account type and region. For the EUR/USD pair, the company charges 3.0 pips spread on its Micro account, 1.1 pips on its Standard and Cent accounts, and zero pips on its Zero and ECN accounts.
In the EU, both standard and cent accounts have an identical spread of 0.7 pips. During our analysis, we were glad to find competitive spreads on Zero and ECN accounts.
On a zero spread account, the broker charges a flat rate of $20 per lot, while on an ECN account, the fee is $6. It also has a $3 stock trading fee and a $25 CFD trading fee. On a broker’s crypto trading account, commissions for opening and closing trades are 0.05 percent.
The maximum leverage possible is determined by the account type and branch. The broker offers leverage of up to 1:30 on standard and cent account types in the EU. It offers up to 1:1000 on the smallest account, 1:500 on the ECN account, and 1:3000 on all other account types around the world.
The broker has the right to close the client’s investment if the margin call is 40 percent or less.
The trader is a free and fully functional trading program, thanks to its owner and CEO. It is available for download (APK) on Google Play for Android devices. It is also accessible on iOS outside of the EU. The downloadable software from the broker includes currency and the greatest trading tools, as well as real-time statistics and simple management.
Applications for MT4 and MT5
On the App Store and Google Play, both MetaTrader platforms are available as mobile apps. The apps include technical analysis and one-click trading on the move, as well as the main capabilities of native platforms.
Trading account replenishment methods
The minimum deposit with an online forex broker varies for each account type and trading zone. It requires an initial deposit of €10 on the cent account and €100 on the standard account for EU consumers.
For Cent, Micro, Standard, Zero, and ECN accounts, the minimum deposits are $1, $5, $100, $500, and $1,000, respectively. It was good to find an offer with a minimal minimum deposit in our evaluation.
Bank transfer (EU only), Visa, and electronic payment systems like Skrill and Neteller are among the deposit and withdrawal options.
Except for bank transfers, all deposit options are quick, while withdrawals might take up to 48 hours. Withdrawals are subject to a fee, and verification of identity may be requested.
In the European Union, the broker offers demo versions of Cent and Standard accounts. There is MT4 and MT5 integration as well as a variety of tools to practice trading with no deposit required.
After you’ve become acquainted with a broker’s services, you can open a real account.
The Cyprus Securities and Exchange Commission regulates the firm that owns the FBS branch in the EU (CySEC).
The Belize International Financial Services Commission regulates the company (IFSC).
ASIC in Australia and FSCA in South Africa both control the brand.
- ASIC 426359
- CySEC 331/17
- FSCA 50885
In the EU, the broker also offers negative balance protection to retail clients.
New consumers have the option of selecting from numerous different sorts of actual accounts.
Standard and cent accounts are available throughout the EU. Micro, Zero, and ECN accounts are also available from the company.
For inexperienced digital currency investors, the business now offers a dedicated crypto trading account. Clients can use a spectrum of analytical tools and features to better their trading experience by opening positions on prominent coins. You can get up to 1:5 leverage with the broker’s crypto trading solution.
You will be required to submit proof of your identity, residence, and the nation in which you are registering when you open an account.
Customer support is available in English, Spanish, Portuguese, French, German, and Italian:
- Contact us at firstname.lastname@example.org.
- Live chat logo in the lower right corner
- Phone number: +357 25313540
- Address-Vasilios Georgiou A 89, Office 101, Potamos Germasogeias 4048, Limassol, Cyprus.
In countries in which FBS does not work,
Traders cannot use FBS from the USA, Japan, Canada, Myanmar, Brazil, Israel, and Iran.
This is a global forex broker with minimal minimum deposits and a wide range of trading accounts that include MT4 and MT5 integration as well as the FBS Trader app. Spreads are competitive, and this broker will appeal to both novice and experienced traders.