|(4.5 / 5)||IFSC, CySEC||Starting – 1.0 Pips||50+|
You are looking for experiences with Forex Online Broker FBS Markets Inc.? – Then you are exactly right on this page. As a trader with more than 5 years of experience in the financial markets, I have examined the provider and share in the following texts and summaries my experience and the results of the test report. Is it really worth to invest your money with FBS? – Find it out in my trusted broker review.
What is FBS? – Forex Broker presented
FBS Markets is an Online Forex Trading Broker and for Contracts for Difference (CFDs), founded in 2009. Since 2009, the company has grown significantly and can boast over 2.5 million active merchants in 2017. The broker is internationally active and also possesses the necessary licenses through the IFSC and CySec (Europe).
International clients are accepted by this company. In addition, the FBS got international branches with customer support in more than 20 languages. The biggest customer base is in Asia. FBS is very well-known through live events and charity for poor people. The broker is specialized for Forex Trading, which you can see on the broker’s homepage. FBS tries to give their clients the best conditions for trading currencies. With this broker, you can start trading by any amount of money because the minimum deposit is only 1$.
Facts about the company:
- Founded in 2009
- International broker
- Specialized on Forex Trading
- More than 2.5 million traders and active partners
- Charity and sponsor program
- Main customer base is in Asia
Regulation and safety of customer funds
When it comes to trade with real money an official regulation of a broker is very important. There are some scam brokers which act without a real regulation to do fraud on the customer’s money. To avoid these practice always look after the regulation of the broker before you start investing real money.
FBS is regulated by the IFSC in Belize and the CySEC in Europe (Cyprus). The registration number of Belize regulation is 119717 and the license is IFSC/60/230/TS/18. This is an official regulation where the companies headquarters is. You can check it by yourself. The broker only gets this regulation by acting as a serious Forex Broker. In addition, FBS uses only regulated payment methods for the customer’s transactions. This is also a very important point. In conclusion, it seems to me that FBS is a reliable broker for online trading. It is a regulated company so fraud cannot happen in my opinion.
- Regulated by the IFSC in Belize
- Regulated by the CySEC in Cyprus (Europe)
- Only regulated payment methods
What are the conditions for trades at FBS Forex Broker?
I looked closely at the conditions for traders. At first glance, the provider makes a very good impression on me, because he offers many different account models. You can, therefore, adjust your account to the deposit capital and the trading style. The minimum deposit is only 1$ and you have the chance to get a free bonus for your capital.
The spreads depend on the account type and start at -1.0 pips. An account with low spreads usually incurs one commission per lot traded. Overall, you are always cheaper with a commission account in the markets. Again, there is a plus for me. You can try the platform with a free demo account. There are 3 types of different platforms of the broker which I will review later.
FBS Markets specializes in Forex Trading. This is also noticeable in the selection of tradable assets. There are many currency pairs available, but the choice of CFDs is rather low. As I recognized the broker tries to increase his offer of tradeable markets. American Stocks are added to the portfolio in the past.
Facts of the conditions:
- Trade Forex, Stocks, and Commodities
- Different account types for any trading style
- 3 different platforms for any device
- Start with only 1$ deposit
- Low spreads
- Bonus Program
High leverage and negative balance protection for FBS Traders
In the FBS platform traders can choose different leverage for their accounts. It is possible to get huge leverage of maximum 1:3000. In my opionion, it is not useful to use such high leverage but some strategies require it. Sometimes high leverage is very risky, especially if you trade the market news. Some traders fear a negative balance.
FBS offers negative balance protection for its clients. If you make a huge loss you will get stopped out before your balance will be negative. In conclusion, you can trade very safety with FBS even with the high leverage of 1:3000.
Review of the FBS Trading Platform
Which trading platforms are offered by FBS? – The broker offers the classic and popular trading platform Metatrader in version 4/5 and also a Web Trader. The MetaTrader software has been widely known among private traders for many years. It belongs, so to speak, to every successful dealer in the equipment.
With the MetaTrader, you can try out and adopt different strategies. The software offers almost unlimited options. It is available for the smartphone, tablet, browser and the desktop.
Even I have gained good experience with the MetaTrader. Almost every big broker offers this software. After a short introductory phase, it is easy to use. FBS helps their clients with video tutorials and coaching to understand how to trade successfully. In the following section, I will show you some fact about the platform.
Professional charting and analysis
The MetaTrader offers a huge range of tools for a professional analysis. Choose between different chart types and develop a successful strategy. You can use free indicators on the platform. It is very easy to configure them. In addition, it is possible to download extern tools and integrate them into the software.
For technical analyses, there are drawing tools to analyze the chart. Furthermore, FBS offers everyday new analysis and trading ideas to its clients. Each tool is personally customizable for any strategy. Another big advantage of the software is automatic trading. It is possible to create an automatic system which is running 24/7. The MetaTrader supports VPS Server for a little amount of money per month. In conclusion, MetaTrader offers all that you need for successful trading.
Facts about the platform:
- Available for any device
- Free indicators
- A huge range of technical tools
- Automatic trading possible
- Customizable and user-friendly
- Mobile Trading
How to open your account with FBS
To open an account with FBS is very easy and uncomplicated. The broker only needs some information about your identity to start trading. You can open your real trading account in less than 60 seconds. Start with your email address and a safety keyword.
Free and unlimited Demo Account
I recommend for beginners who want to try this broker to open a demo account. This is an account with virtual money. You can trade without risk. It is like trading with real money. The demo account is the best way to practice and develop a strategy for beginners. Also, advanced traders can try new markets or methods with it. FBS offers a free and unlimited demo account.
Which account type should I choose with FBS?
FBS offers different account types for forex trading. Each account is for a special purpose. The broker tries to give a trader the best conditions for his capital. There is the opportunity to trade with 1$ or less risk in each trade with the cent account. If you deposit more than 1$ you can get better conditions and lower spreads. In the following section, I will explain the different account models of FBS.
This table will present you the different facts about the account types:
|Spread:||0.5 Pip||1 Pip||Fixed 3 Pip||Fixed 0 Pip||– 1 Pip|
|Leverage:||Max. 1:3000||Max. 1:1000||Max. 1:3000||Max. 1:3000||Max. 1:500|
|This account is for:||Normal traders with average deposit of 100$||Mini account for traders with small deposits||Traders who want to have a fix spread||Lower fees but higher deposit required||The best conditions for large traders|
As you see above in the table FBS offers a different account for different deposit amounts. You can say that if you deposit more money with FBS you get better conditions and lower spreads. On the other hand, it is a huge advantage that they offer accounts for traders with a very small deposit. The contracts are special in the cent account and you can trade with less risk.
Review of the deposit and withdrawal with FBS Broker
The deposit and withdrawal of money are as easy as the registration with FBS. The broker offers different payment methods to do your transactions. You can use bank cards or electronic wallets. First of all, I recommend verifying your full identity with FBS before you deposit and start trading with real money. In the dashboard, you will see the instructions. It is very important because the broker only withdraws to verified accounts.
These methods are available for deposit and withdrawal:
- Credit Cards
- Perfect Money
- Local Exchangers and Bank Wire
How long does it take to deposit and withdrawal?
Deposits through electronic methods are working instant. The money is credited directly to your account. The withdrawal can take the maximum time of 48 hours. From my experience withdrawals are made very quickly and in less than 48 hours.
Are there any fees?
FBS does not charge any fees for a deposit on their platform except the payment method “sticpay” with 2,5% + $0,3 commission. For withdrawals, there are some commissions which you have to pay. You can see the commissions direct in your account dashboard. The fee always depends on your payment method.
What can you expect from the FBS Forex Broker Bonus program?
FBS offers a huge bonus program for free. You can activate the bonus in your account dashboard. This is a great advantage compared to other Forex Brokers. Trades can get additional money for their account to trade with higher risk. I have to mention that the bonus depends always on certain conditions.
Before you activate the bonus you should read the conditions. Some traders say that the bonus program is a scam because they do not read the bonus conditions. FBS markets show the conditions very transparent in the dashboard so you can decide if you take the bonus or not. Sometimes it is necessary to open a separate bonus account.
At the moment these bonuses are available:
- Trade 100 Bonus (get 100$ for free if you trade and make a profit)
- Cashback (the broker pays back some commissions to you)
- 100% bonus on deposit (get additional money)
As mentioned before the conditions are transparently communicated between the broker and the trader. For example, if you get a deposit bonus you have to make a turnover of trading volume on FBS before you can withdraw the money.
Contest and awards for traders
Another big plus for FBS is the free contests and awards for traders. The Forex Broker offers different contests which have been updated each week. For example, there is a chance to win a car or an iPhone X. Personally I like the free demo account contest to win money without risk your own money. The prize fund is like 1000$ or more and the 5 first places winning a certain amount of it.
Support and service for traders
The last point of this FBS review is the support and service for traders. FBS offers phone, email, and chat support for each client. The support is in multi languages and available 24/7 a week. In addition, every trader gets personal support through an account manager who can help you by frequently asked questions.
Also, I had a closer look at the service for traders. FBS is very present in the Asian region. There are events and coachings for new traders. Furthermore, the best traders win prizes and get a big bonus. Webinars and coachings are available on the platform for beginners or advanced traders. In conclusion, FBS is one of the brokers with the best and personal service for its clients.
Facts about the support:
- Support 24/7
- Phone, Email, and Chat
- Local FBS events
- Webinars and coachings
- Personal account managers
Countries – FBS accept international trader
FBS is a well known international company. They accept international trader with a few exceptions. The support is available in more than 20 different languages. The most traders are from Africa, Indonesia, Malaysia, India, and the Philippines.
These countries are not allowed:
Japan, USA, Canada, UK, Iran
Conclusion of the review: Is FBS a scam Forex Broker or not?
FBS Markets is in my experience and tests a serious company. The broker has international and European licenses, which is why fraud is ruled out. In summary, I can recommend the provider, as he offers to trade in the forex market very cheap. The broker scores points with numerous account types and bonus offers.
The trading platform Metatrader is also professional and available in version 4 and 5. In addition, the support replies very fast in different languages. One of the biggest advantages is that traders can start on a contest to win money or other prizes. Traders without a deposit get the chance to earn money. In conclusion, the service is very good and special with this broker.
The advantages of FBS:
- Regulated in Belize and in Europe
- Accept international traders
- Different account types for your deposit
- Low spreads and commission
- Specialized on Forex Trading
- Bonus program, contests, and events
- Reliable support and service
If you are looking for a good and cheap forex broker, then you are right with this provider. (4.5 / 5)