FBS Review: A Big FinTech Player in Forex

In a world where the accessibility of global financial markets is just a few clicks away, choosing the right brokerage becomes paramount to a trader’s success. FBS, an internationally recognized broker in the Forex and CFD markets, presents a compelling case for traders looking for a blend of versatility and competitiveness. 

This forex trading broker review embarks on a comprehensive exploration of FBS’s offerings, covering everything from account types, fee structures, and trading platforms to customer support, bonuses, and regulatory standing.

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FBS: Overview 

FBS broker stands out as a major global fintech entity, acclaimed as one of the industry’s elite. Annually, they draws thousands of traders globally to delve into the financial realm. These individuals not only continue to enhance their trading techniques and achieve new successes but also bring new members into the FBS fold. 

FBS’s suite of more than 90 industry accolades attests to its distinguished status in the finance sector. It boasts cutting-edge trading platforms like FBS  – Trading Broker and FBS Trader, which facilitate mobile trading across 650+ CFD instruments. 

Moreover, FBS broker offers a diverse range of accounts to suit traders at all levels, featuring benefits like up to 1:3000 leverage, fast trades, low spreads, and advanced fund management.

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Regulation and Registration

FBS broker stands as a credible broker, sanctioned by major regulatory bodies: the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission of Belize (FSC Belize), and the Australian Securities and Investments Commission (ASIC). This regulatory approval affirms FBS’s legitimacy as an international broker and ensures it is a dependable entity in the trading sector. 

Notably, FBS Markets Inc. is licensed by FSC Belize under license number 000102/460, Tradestone Ltd. holds a CySEC license with the number 331/17 for European traders, and Intelligent Financial Markets Pty Ltd operates under ASIC Licence number 426359 for Australian clients.

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Account Types of FBS

FBS’s range of trading accounts, from Standard to Pro, each carefully designed to meet the needs of traders at all levels. These accounts offer competitive advantages with minimal initial deposits, narrow spreads, and a wide array of trading instruments. 

Standard Account

• Minimum Deposit: $5
• Spread: Starting from 0.7 pips
• Commission: $0
• Maximum Leverage: Up to 1:3000
• Instruments: 72 forex pairs, 8 metals, 3 energies, 11 indices, 479 stocks, 5 crypto pairs

Cent Account

• Minimum Deposit: $5
• Spread: Starting from 0.7 pips
• Commission: $0
• Maximum Leverage: Up to 1:1000
• Instruments: Same as Standard

Pro Account

• Minimum Deposit: $200
• Spread: Starting from 0.5 pips
• Commission: $0
• Maximum Leverage: Up to 1:2000
• Instruments: Same as Standard

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Deposit and Withdrawal

Depositing and withdrawing funds at FBS is streamlined through a user’s personal area, with an array of payment systems available for seamless transactions. Deposits are credited instantly, especially when using electronic payment systems, and FBS charges no fees for this service.

For withdrawals, clients are required to use the same payment method as for deposits. Withdrawal requests are processed promptly within 48 hours for electronic systems, while bank transfers may take a bit longer, ranging from 5 to 7 business days.

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Products in FBS

FBS broker provides traders with an extensive selection of over 650 financial instruments, including: 

• Forex Pairs
• Stocks
• Indices
• Metals
• Energies
• Cryptocurrency CFDs

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Trading Platform of FBS

FBS, a globally recognized broker, offers a suite of trading platforms engineered to cater to traders with varying levels of experience and trading strategies.

• FBS Trader
• MetaTrader 4
• MeTaTrader 5 

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Fees of FBS

FBS’s fee structure offers Pro accounts with spreads from 0.3 pips and a $3 cost per lot, while Standard accounts have spreads from 0.5 pips and a $1 minimum deposit. Crypto trading involves a 0.10% commission with 3 pips spreads. 

Equity CFD commissions are 0.0005% for Pro and 0.70% for Standard accounts. High-volume traders benefit from a cashback program offering up to $15 per lot.

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FBS Promotions

FBS broker provides an extensive selection of incentives, including bonuses, promotions, and competitions. Each one is crafted not only to boost clients’ trading skills but also to help achieve financial goals and ensure a superior trading journey.

*it’s essential to stay updated with the latest offerings by regularly visiting the FBS website for new promotions.

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Customer Support

• Email: [email protected]
• Live Chat: Available 24/7
• Phone: +357 22 010970;  +501 611 0594

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Pros & Cons

Pros Explained:

• FBS broker offers  MetaTrader 4 and MetaTrader 5, which give traders access to powerful tools and a familiar trading environment.
• The minimum deposit requirement at FBS is designed to be incredibly accessible, catering to a broad spectrum of traders, especially new traders in the world of trading. It starts as low as $1 for Cent accounts.
• FBS’s educational materials are designed to help traders at all levels improve their trading skills and knowledge.
• The availability of 24/7 customer support ensures that traders may receive assistance whenever it is required.

Cons Explained:

• The lack of regulation by top-tier authorities like the FCA or SEC may be a concern for some traders regarding the safety of their funds and the integrity of the broker.
• Due to regulatory restrictions, FBS cannot offer its services to traders in certain countries, including the USA, limiting its global reach.

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Is FBS Worth Considering?

As traders scout for a reliable broker, it presents a set of attractive features. With accounts starting as low as $1 for the Cent option, it’s a budget-friendly choice for beginners. Those with more experience have the Pro account at their disposal, offering more advanced perks. The extensive selection of over 650 assets makes FBS a noteworthy contender in the market diversity race.

However, the fact that FBS is not regulated by a leading authority like the FCA or SEC should be carefully considered. This aspect is particularly important for traders who value the assurance and protection that come with stringent regulatory oversight. FBS offers benefits that might suit a range of trading strategies and preferences. In addition, it’s advisable for potential users to consult forex broker reviews for additional insights.

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FAQs

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