FBS is an online broker that helps people trade in financial markets like Forex and CFDs. If you’re looking to start trading or switch brokers, you might be wondering if FBS is the right choice for you. This FBS review will look closely at what FBS offers, including its trading platforms, how much it costs to trade, ways to put in and take out money, and how good their customer support is. We’ll help you understand the good and bad points so you can decide if FBS fits your trading needs. – FBS forex broker review.

FBS offers a variety of account types designed to suit different trading styles and experience levels, each with its own features, benefits, and fee structure.

• The Cent Account is the best FBS account type for beginners as it allows trading with smaller investments. Your deposit is shown in cents (e.g., $10 appears as 1000 cents), allowing for low-risk practice and strategy testing. It features floating spreads, no commission, and high leverage up to 1:1000. The minimum deposit is as low as $1.
• The Micro Account is another beginner-friendly option, perfect for precise trading calculations with fixed spreads and a low minimum deposit of $5. Like the Cent Account, it offers a way to ease into live trading with less capital risk.
• For more experienced traders, the Standard Account offers competitive floating spreads starting from 0.5 pips and requires a minimum deposit of $100. This account is designed for those looking for a more traditional trading experience with broader market access.
• The Zero Spread Account is ideal for scalpers and high-frequency traders seeking minimal transaction costs. It offers zero spreads but includes a commission (around $6 per lot round turn) and typically requires a higher minimum deposit of about $500.
• Finally, For professional traders seeking direct market access, the ECN Account offers raw spreads (true market prices) with a commission per trade. Expect faster execution and greater transparency, ideal for those needing the tightest spreads and immediate order processing. The minimum deposit is typically higher, around $1,000.

Most FBS accounts offer high leverage options, up to 1:3000 in some cases, which can amplify both gains and losses. FBS generally employs a spread-only model for most accounts, while the Zero Spread and ECN accounts utilize a commission-based structure in addition to spreads.

FBS Islamic Account/ Swap-Free

1. Forex (Currency Pairs): This is the largest and most liquid financial market globally. FBS provides access to a vast selection of currency pairs, categorized as:

• • Major Pairs: These involve the US Dollar (USD) paired with other major global currencies (e.g., EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD). They are known for high liquidity and typically tighter spreads.
  • Minor Pairs (Crosses): These currency pairs do not include the US Dollar but involve other major currencies (e.g., EUR/GBP, EUR/JPY, GBP/JPY). They generally have less liquidity than major pairs but still offer significant trading opportunities.
  • Forex Exotic Pairs: These FBS forex pairs consist of a major currency traded against a currency from a developing or emerging economy (e.g., USD/ZAR, EUR/TRY, USD/MXN). Exotic pairs tend to have lower liquidity and wider spreads due to their volatility and less frequent trading.

2. Metals: FBS allows trading in precious metals, which are often considered safe-haven assets.

• • Gold (XAUUSD, XAUEUR, XAUAUD, XAUGBP): Gold is a highly popular metal for trading, often sought after during economic uncertainty.
  • Silver (XAGUSD, XAGEUR): Silver is also actively traded and can exhibit significant volatility.
  • Platinum and Palladium: These industrial metals also offer trading opportunities, though generally with lower trading volumes compared to gold and silver.

3. Indices: Indices let you trade on the overall performance of a group of stocks, like an entire economy or sector, without buying individual company shares.

• • US Indices: NASDAQ 100 (US100), S&P 500 (US500), Dow Jones Industrial Average (US30).
  • European Indices: FTSE 100 (UK100), DAX 40 (DE30), Eurostoxx 50 (EU50), CAC 40 (FR40).
  • Asian/Pacific Indices: Nikkei 225 (JP225), Hang Seng (HK50), Australia 200 (AU200).

4. Energies: FBS provides access to key energy commodities, allowing traders to speculate on their price movements driven by global supply and demand, geopolitical events, and economic factors.

• • Crude Oil: This includes popular benchmarks like Brent Crude (XBRUSD) and WTI Crude (XTIUSD).
  • Natural Gas (XNGUSD): Another significant energy commodity often traded due to its volatility based on weather patterns and storage levels.

5. FBS Stocks: FBS offers Contracts for Difference (CFDs) on individual stocks from various global exchanges. This means you can speculate on the price movements of company shares without owning the underlying asset. FBS provides access to a range of popular US and European stocks, allowing traders to profit from both rising and falling prices. – FBS Stock Market

FBS offers competitive commissions and fees for its clients. The commission and FBS fees vary depending on the type of account and the instrument being traded.

For Standard accounts, the commission is charged on a per-lot basis. The commission for Forex pairs is $6 per lot, while the commission for CFDs is $20 per lot. For ECN accounts, the commission is charged on a per-trade basis. The commission for Forex pairs is $2 per trade, while the commission for CFDs is $6 per trade.

In addition to the commission, FBS also charges a spread on all trades. The spread is the difference between the bid and ask prices of a currency pair or CFD. The spread for Forex pairs is typically between 0.1 and 0.5 pips, while the spread for CFDs is typically between 0.1 and 0.2 pips.

FBS also charges an inactivity fee of $10 per month for accounts that have not been active for more than three months. This fee is waived for accounts that have a balance of more than $500.

Finally, FBS also charges a withdrawal fee of $2 for all withdrawals. This fee is waived for accounts that have a balance of more than $500.

FBS offers a variety of deposit and withdrawal options to suit traders worldwide, aiming for fast, convenient, and secure transactions. 

• E-wallets (Skrill, Neteller, Perfect Money, SticPay, etc.): FBS offers e-wallet options like Skrill, Neteller, Perfect Money, and SticPay for instant deposits. Withdrawals are typically processed within 15-20 minutes, though they can take up to 48 hours. While FBS usually charges no fees for deposits, some e-wallet providers might apply a small fee (0.5% to $2) for withdrawals.

• Bank Transfers (Local Bank Transfer, Wire Transfer): You can fund your FBS account via bank transfers (local and wire). Deposits typically take a few hours to 10 business days, while withdrawals are processed by FBS within 1-5 business days but may take 7-10 business days to reach your account. FBS generally charges no commission, but your bank might apply its own fees.

• Credit/Debit Cards (Visa, MasterCard, Maestro): Depositing funds with Credit/Debit Cards like Visa, MasterCard, and Maestro is usually instant. While FBS processes withdrawals quickly, typically within 15-20 minutes (and a maximum of 2 days), it’s important to remember that your bank may take an additional 3-7 business days to fully process the transaction. FBS does not typically charge commission for these transactions.

• FBS Cryptocurrencies (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USDT): For crypto traders, FBS offers instant deposits using popular cryptocurrencies like Bitcoin, Ethereum, and USDT. While withdrawals are typically fast, they can take minutes to a couple of days depending on network congestion. Importantly, FBS charges 0% commission on these crypto transactions.

FBS also supports diverse local payment systems, though timeframes and fees vary by region and provider. Always check the FBS website or your personal trading area for the most accurate details.

• Superior Analysis: Dive deep with 21 timeframes, over 90 indicators, and extensive graphical tools for unmatched market insights.

• Automated Trading Power: Unleash Expert Advisors (EAs) with MQL5 to automate strategies and rigorously backtest them.

• Informed Decisions: Stay ahead with a built-in Economic Calendar for real-time macroeconomic event updates.

• Flexible Orders: Gain precise control with 6 pending order types for refined entry and exit strategies.

• Market Transparency: See real-time bid and ask prices with Depth of Market (DOM) to understand liquidity.

• Risk Management Flexibility: Supports both hedging and netting accounting systems for varied position management.

• Flexible Order Types: Utilize various order types, including market orders, pending orders, stop-loss, and take-profit, for precise trade management.
• Stable Performance: Enjoy reliable and stable performance, even during volatile market conditions, with lower system resource requirements.
• Community & Resources: Benefit from a large and established community, extensive online tutorials, and a marketplace for custom tools and signals.
• Mobile Trading: Trade seamlessly on the go with the MT4 mobile app, offering full trading functionality and analytical capabilities on smartphones and tablets.

The FBS Online Trading Platform is a popular choice for traders looking to access the global financial markets. It offers a range of features and tools to help traders make informed decisions and maximize their profits. However, as with any trading platform, there are both pros and cons to consider before signing up.

Cons

• Limited customer support: FBS offers customer support via email and live chat, but there is no telephone support available.

• Limited educational resources: While FBS does offer some educational resources, they are limited compared to other platforms.

• Limited payment options: FBS only accepts payments via bank transfer and credit/debit cards.

• Limited leverage: FBS offers limited leverage, which may not be suitable for more experienced traders.

FBS understands that attractive promotions can significantly boost a trader’s journey, and they consistently deliver a range of compelling offers designed to maximize your trading potential. From boosting your initial capital to rewarding your consistent activity, FBS ensures there’s always an incentive to enhance your experience. They frequently roll out deposit bonuses, such as a generous 100% match on your first deposit and often up to 60% on subsequent deposits, effectively doubling or significantly increasing your trading power right from the start.

Beyond just initial boosts, FBS offers ongoing benefits like lucrative cashback programs that put money back into your account for every lot you trade, even on losing positions, making every trade count. They also engage their community with exciting contests and quests, providing opportunities to win substantial prizes, from cutting-edge gadgets to even luxury cars. With these diverse and rewarding promotions, FBS proves its dedication to empowering its traders and making their trading journey more profitable and engaging.

Is FBS legal? Is FBS safe? – Yes, FBS is a legal online trading platform. Rest assured, FBS stands as a legitimate and well-established online trading platform, a claim backed by a strong foundation of regulatory compliance, robust security measures, and a consistently positive global reputation. With licenses from reputable financial authorities, FBS adheres to strict industry standards, ensuring transparency, fair practices, and the vital segregation of client funds from company assets. This means your capital is held in separate, insured accounts, offering a crucial layer of protection. Furthermore, FBS boasts a long operational history since 2009, a massive global client base of over 27 million, and a multitude of industry awards that speak volumes about its reliability and dedication to client-centric services. When you choose FBS, you’re choosing a broker that prioritizes your security and trading success.