FBS stands for Financial Brokerage Services, an Asian Forex broker that is based in China, Philippines, Malaysia, Indonesia, Vietnam, Jordan, and Russia. Today, the international broker is serving over 190 countries worldwide and counting more than 13 Million traders and 370,000 partners.
FBS provides special events as well as seminars for its clients, along with useful training materials to deliver the best customer experience. People behind FBS are utilizing cutting-edge technologies as well as the latest strategies in the Forex market, which both beginners and professionals see as useful.
The primary regulatory organization of FBS is IFSC in Belize, which many considered as a disadvantage of the Forex broker. Belize is known as a tax haven and IFSC, on the other hand, is still a sizzling topic of debate if it can become a highly reputed and a more established international regulatory organizations.
The Trading Platform of FBS
If you are trading with FBS, you can choose from two trading platforms, namely MetaTrader 4 and MetaTrader 5. Both of these platforms are available to install on devices that are running Windows, iOS, Android, macOS, and Web. The only difference is that MetaTrader 4 also works with Multiterminal.
MT4 and MT5 come with all the features that you need for Forex trading. As for MetaTrader 4, it analyzes financial instrument quotes through interactive charts as well as technical indicators. Users can also implement strategies at any level of complexity.
MT5, on the other hand, is a popular multi-asset platform for Forex trading, as well as futures and exchange instruments. It comes with advanced financial trading functions and superior tools for fundamental and technical analysis. It is also capable of automatic trading through trading signals and robots. First time users and pros can adapt to its simple UI quickly.
Markets and Assets
FBS allows Forex trading, Metals, CFD, Forex Exotic, and Stocks. It also operates from Cyprus and Belize.
For every trader, leverage is vital to execute orders for significantly exceeding amounts for initial deposits. It is also necessary to acquire considerable profit with small investments.
FBS has a leverage of up to 1:3000, which means you can choose from 1:50 to 1:3000 leverage when trading. But take note that leverage also depends on the type of account you have.
Spreads and Commission
FBS clients can choose from four account type options that all provide market execution. With a Cent account, you have the opportunity to trade in micro lots that has a precise risk management feature. FBS also offers variable spreads, zero spread plus commission, and commission-free trading.
All trading accounts come with corresponding spreads that range from -1 pips to 3 pips. Below are the different types of FBS spread. The spread value and type for each trader is according to the account type he has.
- Floating ( From 0.2 pip and up)
- Fixed ( From 3 pips and up)
- Trading without spread (0 pip fixed spread)
The Payment Method Of FBS
FBS traders can send and receive payments through a wide array of methods, including credit cards such as Visa Electron, Visa, and Mastercard. Traders can also use a bank wire, Neteller, Skrill, Perfect Money, YuuPay, OKPAY, FBS Asia Exchanger, and LaoForexBoard.
FBS Mobile Applications
Trading with FBS is now more comfortable using the FBS trader app. It is available for both iOS and Android users, allowing quick access for all traders in different countries.
The mobile app helps to optimize trading speed as well as efficiency. It comes with top instruments for trading, real-time stats, easy management, just like MetaTrader but in a more straightforward way.
Bonus & Promotions
Forex brokers vary when it comes to bonuses and promotions, making each interesting on their own. With FBS, traders can enjoy FBS Traders Parties that are staged in different countries. Traders can also have the chance to receive a car from FBS. Another thing is the Trade 100 Bonus that allows beginners to train and learn with their first $100 from FBS.
Aside from that, traders can also get cashback, partner bonus, and a leverage 1:3000.
Pros And Cons Of FBS
The wide variety of platforms is one of the advantages of FBS. It also supports MT4 and MT5 that allows easier trading and offers competitive spreads, particularly on ECN accounts. It only requires a low minimum deposit, and it comes with a variety of promotions, and it provides an ECN/STP environment.
The cons of FBS comes with its association with IFSC, which lacks an excellent reputation as an international regulatory organization.
Safety & Security Of Using FBS
FBS has won different awards as an international broker since 2009. It is licensed under Cyprus, and its EU entity works under for the regulatory oversight of CySEC or Cyprus Securities and Exchange Commission.
FBS operates in over 190 countries including Indonesia, Vietnam, Jordan, Philippines, and China, except the USA, Japan, UK, Canada, Brazil, Israel, Malaysia, Myanmar, and the Islamic Republic of Iran.
FBS received a lot of positive reviews from its previous clients in the past few years. But just like other Forex brokers, it still encounters criticisms. It comes with significant advantages, making it reliable, and having only one minor disadvantage keep it a reputable broker.