FBS Markets Review

FBS Markets Review

FBS broker is a well-established online forex broker that offers a wide range of trading opportunities for both novice and experienced traders. With its user-friendly platform, FBS enables trading in various assets, including forex pairs, commodities, and more, without requiring excessive capital.

The FBS trading platform provides a stable trading environment featuring low spreads and an STP (Straight Through Processing) execution model. FBS supports both MetaTrader 4 and MetaTrader 5, ensuring seamless trading experiences for its users. Additionally, the broker offers educational resources and tools to help traders enhance their skills and make informed decisions in the market.

Let’s take a look at a detailed FBS broker review so that you can understand the FBS account types and make your decision accordingly.

An Overview of FBS Broker

FBS started its business in 2009, and now they are available in 150+ countries. In the last 14+ years, they have gained 23000000+ traders and 410000 partners worldwide. So, it is visible that FBS gained trust from the beginning due to its extraordinary service.

In 2011, FBS received the “Best mini Forex broker” award and attracted approximately 100,000 traders from all over the world. In 2012, the brokerage received three more awards, which made its clients trust them even more. By 2013, the company had reached 400,000 clients and introduced advanced technology. Later in 2014, the broker became the “Best Broker in Asia” for the fourth time.

And after that, the growth of FBS brokers was exponential, and their client number exceeded more than 1 million. As a result, their turnover doubled. Over time, the company grew more experienced and expanded its operations to new areas. By 2016, more than 2.5 million traders used FBS, and there were around 200+ million open orders.

FBS Broker Review: Quick Summary

FBS Broker Review: Regulation

Cyprus Securities and Exchange Commission (CySEC) regulates the FBS broker. The regulation of the Forex market in Cyprus falls under the jurisdiction of CySEC. CySEC operates under the guidance of a board of directors who are appointed by the Minister of Finance. This board comprises individuals from different financial institutions and regulatory bodies.

CySEC’s primary role is to oversee and enforce the rules and regulations governing the Forex trading industry. In addition, it carries out thorough investigations to identify and address any breaches of these regulations.

Trading Instruments offered by FBS

Keeping the different levels of traders in mind, FBS provides numerous trading instruments, which include, Forex, Metals, Indices, Energies, Stocks, Forex Exotic, and Crypto. Let’s get to know more about these instruments.

Forex

FBS offers 28+ currency pairs. And you can access all of them regardless of your investment and account type. You may trade forex with a spread as low as 0.0 pips.

Indices

As an investor, you will have access to 11 top indices such as AU200, DE30, FBS NASDAQ100, Dow Jones, FTSE100, and many others. You have the flexibility to trade with as little as 10 lots for these indices.

Metals

While most forex brokers provide a wide range of metals in their platform, FBS only provides silver and gold. But, among these, two gold is the most traded metal on the FBS platform. You can trade gold with FBS to diversify the trading portfolio.

Forex Exotic

With FBS, you have the opportunity to trade in 9 exotic forex pairs. However, it’s important to note that the lot size for all these exotic pairs is fixed at 100,000.

Energies

You can trade three energies, which include Natural GAS, WTI Crude Oil, and Brent Crude Oil. If you want to trade natural gas, the lot size is 10,000, and the lot size for crude oil is 1000.

Stock

You can access stocks from top companies around the world.

Crypto

FBS offers a wide range of options for crypto trading, including Coins, Coin-Fiat, Coin-Coin, and Coin-Metals. One of the advantages of trading crypto with FBS is the availability of 1:5 leverage for over 100 crypto assets. This means you can take advantage of significant opportunities in the dynamic crypto market.

Trading Platforms in FBS

FBS mainly offers its service via the FBS Trader, MetaTrader 4, and MetaTrader 5. All of these platforms have their very own features that are helpful for any trader.

FBS MetaTrader 4

FBS MetaTrader 4 provides a comprehensive range of customizable features and configurations, greatly enhancing the platform’s flexibility and user-friendliness. MetaTrader 4 is a robust trading terminal that is preferred by numerous forex traders worldwide, enabling them to trade in Forex and other markets with ease and confidence.

By offering more than 50 indicators and a variety of timeframes, MetaTrader 4 empowers traders to personalize their charts according to their specific requirements. The platform’s “trade from anywhere” functionality enables traders to conduct transactions using their mobile devices or tablets, supporting iOS, Android, and Windows phones. This accessibility broadens trading possibilities, facilitating swift price comparisons on a global scale and enabling prompt trade execution. With MetaTrader 4, traders can benefit from rapid order execution, reducing slippage and maximizing potential profits. As the preferred choice of experienced traders worldwide, MetaTrader 4 has earned its reputation as the most trusted and popular trading platform.

FBS Trader

The FBS Trader is considered the all-rounder app, as you will get everything in one place. FBS offers iOS and Android apps for traders to use this app. This app not only helps you trade forex, but you can also trade stocks, metals, energies, and cryptos.

On top of that, 24/7 customer service is there for you through the FBS Trader app. In addition to that, you can also withdraw and deposit 24/7 from anywhere in the world with this app.

Another good thing is that you will get a $100 bonus for a quick start and get up to 20% cashback on your deposit. With all these features, you can trade 170+ assets available via the app.

FBS MetaTrader 5

Building upon the success of its predecessor, MetaTrader 5 introduces a more versatile software solution. With an expanded range of analytical tools, traders now have a broader selection at their disposal. Furthermore, MetaTrader 5 goes beyond currency trading, allowing users to engage in stock and commodity trading. Additionally, this updated version provides additional timeframes, enhancing flexibility and accommodating various trading strategies.

With expanded options for customization, users can create their own technical indicators, trading robots, and utility applications with the FBS MT5. It offers a comprehensive list of technical analysis tools along with more the 90 indicators. The chatting tools in MT5 empower traders to conduct in-depth market analysis.

The convenient one-click trading feature and embedded news ensure quick execution. It also informs traders about the latest happening in the market. MetaTrader 5 supports six types of pending orders, enabling traders to efficiently manage their positions. The inclusion of an economic calendar allows users to stay updated on key economic events and their potential impact on the markets.

Additionally, the platform supports hedging positions, providing flexibility in risk management. With 21 timeframes available, traders can analyze the markets from various perspectives. Lastly, the VPS service support enhances the trading experience by ensuring stable and uninterrupted connectivity.

FBS Account Types

FBS provides traders with a diverse range of six account types to choose from. Check out the FBS account types.

• Cent Account: Designed for beginners, this account allows trading with smaller volumes, as low as 0.01 lot. This account is denominated in cents and provides a risk-controlled environment to develop trading skills.
• Micro Account: This account allows a low minimum deposit start. And traders can trade using micro lots. Hence, traders can manage the risk efficiently. The minimum deposit is $5 for a micro account, and you can take $0 commission benefits.
• Standard Account: Traders can trade with standard lot sizes. Hence, forex traders with moderate experience will find this account useful. FBS standard accounts come with various features. These include a minimum initial deposit of $100, zero commission fees, a floating spread starting from 0.5 pips, and leverage of up to 1:3000.
• Zero Spread Account: It is designed to provide tighter pricing and minimize trading expenses for specific currency pairs. You can start a zero-spread account from $1.
• ECN Account: This specific account gives you direct market access, and traders can contact the liquidity providers by themselves. Hence, you can deal with the lowest possible spreads with fast execution feature.
• Crypto Account: With an initial deposit of just $1, this account allows you to trade cryptocurrencies with ease. You’ll benefit from a commission rate of 0.05% for both opening and closing positions. Enjoy floating spreads starting from 1 pip, leverage of up to 1:5, and the freedom to trade volumes ranging from 0.01 to 500 lots.

FBS Review: Trader Tools

Having access to Forex tools is crucial for a seamless trading experience and maximizing profitability. Recognizing this, brokers like FBS provide a diverse range of trading tools to assist their clients.

FBS Review: Economic Calendar

The FBS economic calendar is a comprehensive online resource that offers real-time updates on the latest economic data, specifically tailored to the foreign exchange market. This invaluable tool covers a wide range of reports about both domestic and international economies, which greatly impact currency movements. By combining this information with technical analysis techniques, traders can connect its forecasting potential, making it a valuable asset in their decision-making process.

Forex Calculators

The Forex calculator serves as a vital tool for analyzing forex trading activities. It proves particularly beneficial for novice traders, aiding them in determining optimal entry and exit points for their trades. However, its most significant function lies in its ability to calculate overall profits. Forex calculators are highly valuable tools, particularly for traders who are still in the early stages of their journey.

Currency Converter

A currency converter is a convenient and efficient tool that enables users to swiftly convert currencies. When it comes to online forex trading, a currency converter offers several advantages. Firstly, it saves valuable time by streamlining the conversion process. Secondly, it ensures accurate conversions, minimizing the risk of errors. Lastly, it facilitates traders in monitoring their progress by enabling them to track their forex trading activities over time.

FBS Customer Support

It is evident that the company prioritizes exceptional customer service by offering round-the-clock support to its clients. You have various means to reach out to them, including Viber, WhatsApp, Telegram, Line, and Messenger. Additionally, you can conveniently connect with them through email, phone, and live chat. FBS ensures multiple channels of communication to cater to your needs effectively.

Final Words

So, it is confirmed that FBS Broker is a reliable and trustworthy trading platform for traders across the world. With its user-friendly interface and a wide range of trading instruments, FBS Broker provides a smooth trading experience.

The platform’s commitment to transparency and security ensures that traders can focus on their trades without worrying about the safety of their funds. Whether you’re a beginner or an experienced trader, FBS Broker has accounts for different levels of traders. So why not give it a try and see for yourself why it’s one of the most popular brokers in the market today?