FBS provides for several protection measures to make sure that the funds you deposit with the broker remain safe and secure. The broker is also very open and supportive when it comes to other trading methods being used. These include hedging, scalping, and algo-trading which are all possible. They have regulation in place from a number of top-tier industry regulators including CySEC (Tradestone Ltd) and ASIC (Intelligent Financial Markets Pty Ltd). FBS has collected 68 awards over the years since its inception.
There is no need for a download and automated trading is supported. It is one of the most functional trading platforms currently available and comes complete with a number of distinctive features. And for those of you who are keen to use the upgrade to this popular software, FBS now offer MetaTrader 5.
FBS 100% deposit bonus
It is licensed by respected financial authorities and our experts were pleased with the selection of products, assets and tools available upon testing. Contact options including live chat, callback, and WhatsApp are available on the global website. A fixed-rate option is also available for clients from Nigeria.
To mention again, FBS is regulated by CySEC, IFSC, FSCA, and ASIC. It is important to ask about regulation when it comes to brokers, so is FBS regulated? FBS regulation has been well licensed as the broker has been around for over 12 years. Are you willing to venture out of the forex market and try out cryptocurrencies?
This means you can choose from wire transfers, credit cards, and eWallet methods the same as with deposit methods. This includes Globe Pay with a 1.5% fee, Stic Pay with a 2.5% fee and $0.30 commission, and Perfect Money charge a fee too depending on the funding method. EWallet deposits through both Skrill and Neteller are supported too and again these are typically instant. There are a few more methods also available depending on where you are located.
MT4 and MT5 both offer traders access to numerous trading assets. However, MT4 was created with Forex trading mainly in mind, while MT5 is mostly used for other trading assets as well, such as stocks, CFDs, indices, cryptos, etc. Metals are also very popular at FBS, you can trade metals like Gold and Silver at this Forex broker.
How long does it take to withdraw from FBS?
However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin. The Forex TV section is broken down into Weekly Insights, Daily Trading Plans and Webinars and FBS has spent the most attention on this part. It is a great feature and offers Forex traders the best service. The Weekly Insights section may be the most relevant which walks traders through important events as marked in the economic calendar. New traders may find the Daily Trading Plans to be useful, especially if they don’t have their own trading strategy developed yet. It would be nice to see FBS expand their current approach and make better use of technology in order to allow traders to act on what they view.
One of the key features of the FBS platform is its integration with the MetaTrader 4 (MT4) software. MT4 provides a trading experience that is seamless and easy to understand. Also known as the foreign exchange market or FX market, Forex is the world’s most traded market.
How to Open an FBS Account – Step by Step Guide
Deposits by credit card, Neteller, Skrill, and Bitwallet have no fees. Deposits by SticPay and Perfect Money come with a small fee, usually no more than 2.5%. 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. Since 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. High leverage usually a priority of professional traders, which we also find available in European entity too. Yet, together with regulation from European CySEC it makes FBS a broker which compliant with regulatory requirements and therefore offers reliable trading conditions.
As one of the most powerful trading platforms around, MT4 still holds on to the title of the most popular trading platform. It is available through Mac, and Windows on desktop and Webtrader too. The minimum trade size at FBS will vary depending on the account type you choose, though usually this minimum is one micro lot. This is also equal to 0.01 standard lots, or $1000 in cash value (when non-leveraged). FBS has spreads that are both floating and fixed for you to choose from.
The fees that you are going to pay when making Forex trades really depends on the type of account you chose when signing up. The only other financial instruments that you can trade with the firm are four metals CFDs and 32 stocks CFDs. The fees are pretty mediocre as this is mainly a platform that focuses on Forex trading. Withdrawals are processed within 48 hours, usually within the first hour, but may take 5 to 7 days to appear in client accounts, depending on the method. Credit Card withdrawals pay only $1 while other methods pay a percent that runs from 0.5% to 3.0%. FBS clients can make deposits with six major payment processors and many local money exchangers.
FBS Trading Review – Accounts Types
Customer care is vital in this forex field, because forex is a very complicated subject. Traders are constantly need as much help and support from brokers as possible. That’s why how a broker assist its clients is a standard to evaluate it.
The Micro account at FBS also offers commission-free trading, albeit, spreads start from 3 pips. However, while the spread on the Cent account is floating, the Micro plan is fixed. Founded in 2009, FBS is an established online https://forex-review.net/fbs-review/ trading platform that specializes in contracts-for-differences (CFDs). This means that you will be able to trade a wide variety of assets with leverage and have the ability to go long or short on your chosen marketplace.
It offers traders access to leading trading platforms, such as MetaTrader 4 and MetaTrader 5. There are numerous available trading assets at FBS, including Forex, Metals, Energies, Stocks, Indices, as well as Cryptocurrencies. The FBS minimum deposit will depend on the account type you choose, though it ranges from $1 to $1,000 in general.
- However, it would be nice to see bonds, options, and ETFs as well on FBS’s product portfolio.
- With a Standard Account, traders can make trades in a variety of currencies and commodities, as well as trade on margin.
- Please read FBS Broker Reviews below and share live trading experiences with this company.
- Since that time they have worked hard to expand their offering to traders worldwide.
While it provides the basics for a Forex trading account, true diversification cannot be achieved which makes it unsuitable for traders who seek cross-asset trading opportunities. This broker also provides an economic calendar, available on the mobile app, and forex calculators alongside extensive educational materials such as live webinars and tutorials. Spreads offered by FBS vary by account type, market and region.