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FBS review :
Company Information

FBS Markets is an online broker established in 2009 and based in Belize. The broker specializes in Forex and CFDs and continues to improve its services. Its clients can trade in different markets, including currency pairs, commodities, stocks and indices.

The FBS website and customer service are available in 18 languages, which has enabled it to be present in more than 190 countries. The broker maintains that it has more than 13 million customers around the world.

FBS is regulated in Europe and its international branch is regulated in Belize. You will therefore benefit from a certain measure of protection of your trading capital.

If you are looking for an easy-to-use, regulated broker in Europe, FBS is the perfect fit for you.

Disclaimer Risks incurred: You risk your capital. Statistically, only 11-25% of traders manage to make profits through Forex trading and CFDs. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

FBS review :
Platforms & Tools

FBS review :
Trading Accounts

 It’s easy to open an account with FBS. The process is done entirely online and the broker offers several types of accounts.

FBS offers several types of accounts. There are 6 in all. It is important to note that the leverage is limited to 1:30 for European clients.

However, clients of FBS International can benefit from leverage of up to 1: 3000. It is important to note that the use of such leverage is excessive and exposes you to capital losses.

FBS Review :
Ecn account

FBS’s ECN account allows direct access to the Forex market. The spread is variable with a minimum of 1 pip. Which is very high considering that brokers like Pepperstone have a near zero spread on EUR / USD.

FBS Review :
Micro account

the minimum deposit for this account is 5 euros. Unlike the Cent account, the spreads there are fixed and are relatively wide since the minimum is 3 pips. The trader can have leverage of up to 1: 3000

FBS Review :
Cent account

this account is intended for traders who want to test FBS services without taking much risk. The minimum deposit into this account is only 10 euros for European customers and 1 euro for international customers. You will have leverage of up to 1: 1000. The spread is variable with a minimum set at 1 pip.

FBS Review :
Standard account

this account requires a deposit of 100 euros. It offers a maximum leverage of 1: 3000. This leverage is however limited to 1:30 for European traders, in accordance with the relevant rules defined by ESMA, the European policeman of the financial markets.

Spreads are variable for the Standard account, with a minimum set at 0.5 pip for international clients and 1 pip for European clients.

FBS Review :
Zero Spread

this account is intended for traders who want to trade fairly large volumes. There is no spread, but a commission of $ 20 per lot is taken from your open positions.

FBS requires a deposit of 500 euros to have the Zero Spread account. The leverage can go up to 1: 3000 as with this Standard account

FBS Review :
Demo account

we liked the fact that FBS offers a demo account for each type of account. This allows you to test the trading conditions of each account. This will give you an idea of ​​FBS commissions and spreads before choosing the account that suits you best.

You can open as many accounts as you want: demos as real.

After opening a real account, you will go through the KYC before you can credit your account. FBS will ask you for proof of identity and address. This step is necessary before trading on the platform of a regulated broker.

FBS review :
Regulation Security of Funds

broker regulated in Europe, in particular by CySec. Its clients benefit from ICF protection.

FBS benefits from the regulation of two financial policemen: the IFSC (International Financial Services Commission) and CySec. We would have liked him to be licensed with the FCA in UK and ASIC in Australia. But European regulation offers enough protection.

FBS Inc, the international branch of FBS, is regulated by the IFSC in Belize under number 60/230 / TS / 18. The broker is further regulated by CySec in Europe, through its European branch FBS Europe. He registered with the organization under number 331/17.

Its clients’ trading funds are segregated. In other words, they are separated from the broker’s own funds and deposited in partner banks. FBS will therefore not use your funds for its own investments. These measures are taken to protect clients from possible financial loss of the broker.

FBS is also a member of the ICF (Investor Compensation Fund). This deposit insurance fund protects the deposits of FBS clients, in the event that the broker is no longer able to pay them. European clients are covered by this fund up to € 20,000.

As another security measure, we can cite the use of SSL (Secured Socket Layer) to ensure more secure transactions on the FBS platform. But that’s part of the industry standards.

FBS review :
Deposit and withdrawal

FBS offers various payment methods. In addition to traditional methods, deposits by online wallets are possible: Skrill, Neteller, Perfect Money and Bitwallet.

The cards and wallets you will use to fund your account must be in your name. We were amazed to see that FBS does not accept wire transfers for international customers. However, this deposit method is less and less used because it is quite slow and not very suitable for depositing small amounts.

However, transfers are accepted for European traders. They also benefit from free deposits and withdrawals for any method used.

FBS therefore offers 5 instant deposit methods. However, withdrawals can take up to 2 days. Here are the options available to you:

  • Credit card :Only VISA and Mastercard are accepted. FBS takes care of the deposit fee, so it’s free. Withdrawals, however, carry a fee of $ 1.
  • Skrill:The minimum amount for a deposit by Skrill is $ 10. The withdrawal is accompanied by a 1% fee to which must be added 0.29 euro.
  • Neteller:This service also requires a minimum deposit of $ 10. The withdrawal fee is 2%. Withdrawals through Neteller are quite limited, since you cannot withdraw more than $ 30 through this.
  • Perfect Money:There are no limits to using this service and the withdrawal fee is only 0.5%.
  • Bitwallet:Only deposits in yen (JPY) are allowed in this way.

FBS review :
Trading Conditions & Platforms

The broker offers the different versions of Metatrader to trade the offered instruments. FBS also has its own platform and a copy trading application.

FBS offers the different trading and analysis platforms of Metatrader: versions 4 and 5. Webtraders and mobile application versions are also available.

FBS Review :
MetaTrader 4

MT4 is the most popular platform when it comes to Forex trading. It is a comprehensive trading and technical analysis software. A graph window is integrated there to allow you to analyze all the assets listed on FBS.

The most used technical indicators, as well as drawing tools are present on the platform, so that you can carry out your analyzes and go directly to purchase without leaving the platform.

MT4 has a chart trading feature called “one-click trading”. In other words, you can open your positions directly from the chart, and manage the risk by manually moving the stop loss and take profit lines.

The power of this platform is that you can easily automate your strategies with EAs or trading robots. You can either use its programming language to create robots or buy them from the MetaQuotes library. It has a large number of premium and free trading robots.

FBS Review :
MetaTrader 5

MT5 succeeds MT4. It has all the features of Metatrader 4 and is more oriented for CFD trading. It’s a user-friendly and highly customizable platform, just like MT4. You can reduce or resize the different windows that make it up, according to your preferences.

FBS Review :
Webtraders

MT4 and MT5 are available in webtrader version, accessible directly online, without downloading. You can access FBS webtraders with the same credentials as for the PC versions of Metatrader. However, webtraders lack automated trading features, you will not be able to use robots there.

FBS Review :
Applications mobiles

The MT4 and MT5 app is downloadable from the App Store or Google Play. They are both developed by MetaQuotes. These versions are less equipped than webtraders or MT5 on PC.

However, they remain practical for carrying out technical analyzes and monitoring the market. A graph is integrated into it, as well as basic technical indicators and drawing tools. The Metatrader application is self-sufficient enough that you can open and manage your positions there.

Review :
FBS Trader

This platform is developed by FBS and offers more functionality than Metatrader applications. The broker claims that order execution is faster and smoother on FBS Trader.

It is available on Android and iOS systems. Unlike Metatrader, FBS Trader allows you to make deposits and withdrawals. In addition, you can contact support directly from the app.

FBS Review :
CopyTrade

Fbs broker also has a copy trading platform, which allows investors to automatically follow the positions of other more experienced traders.

The platform allows you to become a signal provider on FBS. The broker ranks the best performing traders over different time intervals: from one week to 12 months.

You can thus choose the profile of traders which corresponds to your expectations. FBS CopyTrade is available for Android and iOS. It is therefore absolutely possible to open an account and follow professional traders with your smartphone.

FBS Review :
Minimum deposit

The minimum deposit is 10 dollars or 10 euros.

FBS Review :
Leverage

Forex: The broker offers 40 tradable currency pairs, with leverage of up to 1: 3000 (1:30 in Europe).

FBS Review :
Spreads & Commissions

The costs on trading at FBS are not competitive. The minimum spread is around 1 pip.

Other than Zero Spread and ECN accounts, it is only the spread that applies to your positions. It is quite broad, and we find that FBS is not among the most competitive brokers in this area. Here is, for the Standard account, the typical spread of the few assets among the most traded

FBS Review :
Bonus and  promotions

Currently, FBS Broker provides a 100% bonus for every deposit. This is a good bonus that will welcome traders and give them extra money to keep trading. With this bonus, you can afford higher margin trading without worrying about the risk. And you can choose from different types of payment methods including Netteller, Skrill, wire transfer, and credit card.

FBS review :
Financial markets and products

FBS offers very few markets to trade compared to its competitors. However, you will find all of the most traded assets on its platform.

The supply of marketable assets is quite limited on FBS. The broker offers:

Forex: only 37 pairs are offered. It’s not enough. Saxo Bank offers, for example, 182.
Indices: FBS only offers 4 metals. Energy and agricultural products are not available.
Commodities: the most traded securities are available in CFD form: Facebook, Amazon, Microsoft, etc..
Shares:Dax, NASDAQ and S & P500.
Cryptocurrencies: Bitcoin Cash, Bitcoin, Dash, Litecoin, Ethereum and Ripple against the dollar.

FBS review :
Customer support

FBS is among the brokers that offer the best customer support. Support is available in 18 languages ​​and can be contacted by email, phone, or using instant messaging.

FBS customer support can be reached 24 hours a day, 7 days a week. This is really an advantage over many of its competitors who do not support their customers’ inquiries on weekends. Support is available in 18 languages, including French.

FBS can boast of being the broker who offers its customers or prospects the most methods of contacting support. There is an online chat on the site. This is very handy if you are looking for specific information and you cannot find it.

The broker is also very active on social networks. You can contact them by Facebook Messenger, Telegram or Twitter.

The broker offers support by email and telephone. Regarding the latter, you have the option of requesting to be called back later by an agent. You leave your telephone number and the moment when you wish to be called back by an agent using a form.

Before contacting support, your questions may be answered on the FBS FAQ, which can be found in the “about” tab of their site. However, we find that the FAQ is not detailed enough and that many other questions could be answered.

FBS review :
Education

FBS offers training in English, but it is transcribed in French and can be taken.

The broker offers video training for beginners in Forex and CFD trading. The basic concepts are explained there. This training consists of 20 videos which are in English, but transcribed in French.

FBS also regularly offers webinars in English, particularly on technical analysis. You can follow the next webinar by visiting the dedicated page on their site.

FBS review :
Conclusion

FBS is a serious and regulated broker in Europe. It offers Forex and CFD trading through the various platforms it offers to its clients. The latter enjoy some protection of their money and can benefit from a good experience and trade well on FBS.

The cost of trading with this broker is not one of the most competitive in the industry, but the broker compensates for this disadvantage by diversifying its deposit methods and trading platforms.

FBS review :
FAQ

Is FBS regulated?

Yes. FBS is regulated by CySec.

Can I trade cryptocurrencies on FBS?

No, FBS does not currently offer crypto trading

FBS review :
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FBS offers multi-asset trading on a range of platforms and mobile solutions.

FBS review :
Rating & Taders Reviews

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