FBS Trusted Review

FBS

• Best Forex Broker Asia 2018
• +190 countries traders Accepted
• Official FC Barcelona Partner
• MT4-MT5 Account

Visit Now

Details

Broker	FBS
Website URL	fbs.com
Trading Platform	MetaTrader 4 - MetaTrader 5
Minimum 1st Deposit	10$
Leverage	Up to 1:3000 (For Non EU Traders)
Free Demo Account
US Traders Allowed
Overall Score	67

Founded in 2009, FBS has received numerous international awards, proving its worth to the customers.

Τhe company focuses its attention on the Asian market with a remarkable market share in countries such as Indonesia, Laos, Vietnam, Malaysia, China, South Korea, Pakistan and Bangladesh.

FBS is an offshore forex broker. Offshore forex brokers do not have to meet strict regulations. This means higher leverage, tighter spreads, no taxes but on the other hand the risk of trading in a scam broker (frauds) is higher.

FBS is one or the most reputable International Forex Brokers worldwide

1.) Website Interface:

The FBS website is located at http://www.fbs.com.

The site has an SSL certificate and appears to take seriously the encryption of personal and financial information. FBS has a well-designed website with easy navigation. The site also features an Analytics & Education section, with currency forecasts, trade ideas and live webinars. An economic calendar, a list of central bank rates and forex calculators are also provided.

The website offers a Promotions menu option, which lists a very extensive list of all the bonuses and promotions offered by FBS, as well as many special services like Deposit insurance and VPS server. The website is multilingual and supports 19 European, Asian and Middle Eastern languages.

Depending your residency, FBS uses also country specific domains to offer its forex trading services. You can have a look in the table below…

Alternative Domains List

Remarkable is the domain used for the Indonesian market (an exotic tld, fbs.forex)

2.) Regulation Authorities:

FBS is regulated by the International Financial Services Commission of Belize. The IFSC of Belize seeks to promote and protect Belize’s status as a financial services center, and to regulate, supervise, sanction and issue licenses for IFSC-regulated brokers.

In late November 2017, FBS obtained a CySEC license, CySEC is the Cyprus Securities and Exchange Commission. This will allow FBS to operate fbs.eu and legally provide services throughout the European Union.

3.) Awards

The company has received the titles of the Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia and Best Forex Broker Thailand, Best International Forex Broker, and an award for the restoration of a damaged road and houses reconstruction for the villagers issued by the Government of Indonesia in 2017, as well as Best Customer Service Broker Asia 2016, Top IB Program 2016, Highly Recommended Broker Insurance Company in Indonesia of the year, Best Forex Brand, Asia 2015, Best Safety of Client Funds Asia 2015, Best broker in Asia-Pacific region 2015, Best broker in the Middle East, and many others.

4.) Secured Money:

Since FBS is regulated by the IFSC of Belize, the current requirements require the following:

1. ·     Brokers must possess a reasonable level of capital in reserve. This level is currently set at $500,000.
2. ·         Client funds must be kept in segregated accounts.
3. ·         Monthly statements must be sent to clients.
4. ·         Brokers must have a procedure for taking and resolving customer complaints.

In addition to these restrictions, FBS offers a deposit insurance, which insures between 10% and 100% of your account balance against trading loss. Billed as “loss-free trading,” this insurance is only available on the Cent, Micro and Standard account types.

5.) Customer Support:

FBS has live 24/7 support chat on their website. In addition, they have representative offices in Egypt, Turkey, Laos, China, South Korea and multiple offices in Malaysia and Thailand. The site also has a Callback feature where you provide your phone number and request to receive a call during a specified time range.

6.) Account Types:

The account types available on FBS are: Cent, Micro, Standard, Zero Spread, Unlimited, and ECN.

These different account types vary in the minimum deposit, spread, commission, leverage, maximum open and pending orders, volume and market execution.

The Cent account is designed for beginners, having a small initial deposit and smaller volumes and leverage.

The Standard account is designed for experienced traders, having a higher initial deposit, lower spreads, higher volume and more leverage. T

he ECN account provides spreads of as low as -1.

Micro offers spreads as low as 3 pips, while Zero Spread offers 0 pip spreads.

A demo account is also available. On the main website page, where the accounts are listed, there is a “Demo Account” button that one can use to sign up for a demo account. This demo account allows users to test their strategies and master the mechanics of trading and the trade and money management quirks of the platform before risking real money. Trades are simulated under real trading conditions using virtual funds.

7.) Deposits and Withdrawals:

The initial minimum deposit can be as little as $1.

The Cent level of trading account allows this.

FBS supports a huge number of deposit and withdrawal methods, including Visa/Mastercard, Neteller, Skrill, Bitcoin by Skrill (deposit only), PerfectMoney, mybitwallet, OKPAY and Wire Transfer.

FBS also supports many Asian and Middle Eastern financial deposit and withdrawal options. Payment processors in these countries are usually poorly supported by many other Forex brokerages, giving FBS a distinct advantage here.

8.) Best Forex Pairs offered:

FBS offers 35 currency pairs: AUDCAD, UADCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, CNHJPY, EURAUD, EURCAD, EURCHF, EURCNH, EURGBP, EURJPY, EURNZD, EURTRY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDCNH, USDJPY, USDMXN, USDRUB, USDTRY.

9.) Best Cryptocurrencies offered:

FBS offers 4 cryptocurrencies: Bitcoin, DASH, Ethereum and Litecoin.

10.) Best Metals offered:

FBS offers trading in 4 metals: Palladium, Platinum, XAGUSD (Silver) and XAUUSD (Gold spot).

11.) Trading platform(s):

FBS supports MetaTrader 4 and MetaTrader 5. These are available for download for several different computer, smartphone and tablet platforms, including Windows, IOS, Android, Web, Multiterminal and MAC OS.

MetaTrader 4 features low spreads, expert advisors and one-click trading. MetaTrader 5 supports 3 different types of charts, hedging positions, VPS service support and a vast array for technical analysis tools.

12.) Restricted Countries:

The FBS website’s FAQ states that citizens of all countries except the United States and who are 18 years of age or over can become clients.  However, FBS support reported that accounts are also not allowed from Russia. FBS claims a presence in 197 countries.

Summary Review:

FBS seems to be a serious forex brokerage mainly for Forex and a limited number of the most popular cryptocurrencies. It has excellent coverage in Asia and it seems that it seeks to cater to clients in Asia and the Middle East and provides withdrawal and deposit options that are available in those countries. It offers an impressive variety of different accounts, including accounts for those who have religious prohibitions against earning interest.

FBS also offers trading in a few metals and cryptocurrencies, so that their clients can take advantage of news or other opportunities in these markets. We recommend opening an account with them as they are very reputable. They have a great variety of options as well as a great responsive 24/7 chat support to help you with any problems that you may run into.