Wednesday , November 20 2019

FBS Broker Review – FBS Broker Scam or Not

What is FBS Broker?

FBS is a global ECN/STP broker company founded in 2009 providing international investment and financial services. The head office is based in East Asia (Malaysia) but offers a wide range of services more than 190 countries around the world.

With FBS, traders can trade multiple currencies, six types of metals, and CFDs.

Trading currency pairs include major currency pairs, minor currencies, and exotic currencies.

In the category of metals, traders can trade gold, copper, platinum, silver, etc., as well as other CFD major indices, futures, etc.

FBS Broker Review

Below is a brief FBS broker review for the forex traders.

FBS Website:     https://fbs.com

FBS Broker Regulation

FBS Markets has been approved and regulated by IFSC, license IFSC/60/230/TS/18. Registration No. 119717; Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.

The brokerage business of the company mainly deals with Forex trading and related financial products such as metal and CFD.

FBS Login Personal Area

  • Click on Login
  • Enter your email and password
  • On the left side, you will see different types of menus, i.e. user dashboard, account, trading platforms, promotions & bonuses, etc.

FBS Account Types

  • FBS Cent Account

With this account type, a trader will need $ 1 as a minimum deposit to start trading on a real account. The minimum order quantity is 0.01 and the maximum order quantity is 1000 lots with 0.01 steps. This account type is recommended for beginner traders who have little experience in trading with real accounts. The available leverage is up to 1: 1000 and traders can have up to 200 open positions. This account offers floating spreads starting from 1 pip that allow you to trade up to 90 currency pairs and 6 metals without commissions.

  • FBS Micro Account:

This is another type of account and is recommended for inexperienced traders. A minimum deposit of $ 5 is required. The minimum order quantity is 0.01 and the maximum order quantity is 500 lots with 0.01 steps. The leverage for this account type is up to 1: 3000 and traders can have up to 100 open positions at one time. Traders can use fixed spreads starting with 3 pips however it can increase up to 20 or more during news time, market open or close time, etc. with no fee. You can trade up to 90 currency pairs and 6 metals and CFDs.

  • FBS Standard Account:

This account type is customized for intermediate traders and requires a minimum deposit of $ 100. The minimum order quantity is 0.01 and the maximum order quantity is 500 lots with 0.01 steps. Traders can leverage up to 1: 3000 leverage and have up to 200 open positions at one time. The spread of this account is floating starting from 0.5 pip.

  • Zero Spread Account:

This account type is recommended for advanced traders and requires a minimum deposit of $ 500, with a leverage of 1:3000. As the name implies, the spread for this account is fixed and starts at 0 pip. However, traders have to pay a fee of $ 20 per lot and have up to 200 maximum open positions at a time. Other features are similar to those available to Standard Account Holders.

  • FBS ECN Account:

This is the highest account type using ECN Technology, traders have to trade with a minimum order volume of 0.01. A minimum deposit of $ 1000 is required, but leverage is up to 1: 500, and have unlimited open positions at the same time. The spread for this account is from -1 pip. A trader will pay $6 commission.

  • FBS Demo Contest Account:

This account type is basically a competition contest trading for two weeks. Traders can trade, finished with the highest balance,  and win prizes of,

1 – $450
2 – $250
3 – $150
4 – $100
5 – $50

Trade the required number of lots to withdraw the bonus.

FBS IB Program:                Yes

FBS Copy Trading:            Yes

Market Analysis:              FBS provides market analysis and you can use it for free.

Countries where FBS service is not provided:

FBS doesn’t provide their services in Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran.

FBS Trading Platforms:

FBS Metatrader 4, FBS Metatrader 5, FBS Web Trader

FBS Bonus:

100% Deposit Bonus

FBS Bonus 123

FBS Sweep Fee Account:              Yes

FBS Calculator:

You can use FBS calculator for your income calculation.

 https://fbs.com/trading/traders-calculator

FBS Deposit & Withdrawal:

The FBS minimum deposit amount is $ 1 as described in the account type, and the trader should pay by bank credit cards (visa master card), electronic payment (Skrill, Perfect Money, Neteller, CashU), Bitwallate, STICPAY, Local Exchange, etc.

The minimum withdrawal amount is $ 1, but for wire transfers, it is $ 50. Traders can withdraw money using the deposit method.

FBS Support:

FBS traders can contact support using the phone, email, live chat, and online contact forms.

FBS Broker Scam or Not:

Many professional traders have identified some of their scams. But personally, I have not faced any kind of scam as I am using FBS for the two years. I recommend if you have to desire to work in FBS broker, then you should join through someone trading group. Personally, I recommended Tani Forex Group.

Disclaim:

The information provides on this page is a reference to the FBS official site however, we disclaim for the lake of information. You must check it from their official site.