IS FBS A GOOD FOREX BROKER?

The FBS MetaTrader 5 is a platform from MetaQuotes offers many advantages to both beginners and experienced traders. The platform is easy to use, it’s free, and it has low-cost access to the best financial instruments in the world. This means that a trader has a host of tools to execute their trades in a way that suits their individual trading style. Whether you are looking to draw charts manually or enter orders, there are plenty of options for you to trade with precision and confidence. FBS MetaTrader 4 offers fully customization features and configurations, which significantly enhances the platform’s flexibility and usability.

The Micro account can also be opened with a minimum of £1 and it has fixed spreads of 3 pips. This level is ideal for intermediate traders that prefer to have a set https://forex-review.net/fbs-review/ cost for each of their trades as opposed to variable costs. FBS is a broker that has been operational since 2009, having won countless awards since its inception.

Trading Bonuses

There are several different options you can use to contact the customer support team of the broker, among them are the live chat and the callback option. Both of the trading platforms, MT4 and MT5 can be used for mobile trading. You can download them on both iOS and Android devices and start trading with FBS. But, this is not all, there is a special FBS Trader that is available for mobile trading. Created by the same software developer company, called MetaQuotes, both MT4 and MT5 are very popular around the world. MT4 was created back in 2005 and it has forever changed the way people view trading platforms and the way they trade Forex.

For clients from Australia and other non-EU countries, there are account types with different conditions. For example, the initial deposit is $/€/AUD 50 for Australian clients and the broker provides ECN accounts for clients under the Belize-regulated entity. When it comes to safety, FBS has a great reputation in this field. Not only has the broker been offering trading services for over 12 years, but it is licensed by the IFSC, FSCA, CySEC, and ASIC. Furthermore, FBS has since attracted over 17 million traders to its platform across more than 150 counties. All in all, our FBS review found that the broker offers a solid and low-fee trading experience that will suit investors of all shapes and sizes.

How do you withdraw money from FBS?

It is recommended that investors seek independent advice before trading, according to research. FBS makes multiple popular deposit options and withdrawal methods available. Aside from the below-mentioned methods, local exchanges are also made available for use. The Cent account is a trading account with the balance displayed in cents. Transactions are carried out in cents and the account is seen as low-risk. The FBS CashBack offer is a free service that can be activated at any time in the account holder’s personal area.

With over 50 indicators and numerous timeframes, a trader can customize their chart to suit their needs. The trade from anywhere feature allows traders to trade from a mobile device or tablet. This expands your trading opportunities, making it easier to compare prices globally and make trades quickly. MetaTrader 4 also offers fast order execution that minimizes slippage on trades for better profits. Nevertheless, it is also the most popular trading platform that experienced traders around the world trust.

Non-trading fees

Fixed spreads are offered through the FBS Micro Account, and the FBS Zero Spread account. These start from 3 pips on the FBS Micro account, and are fixed at 0 pips with the Zero Spread account though there is a $20 per lot traded commission here. The minimum deposit for an ECN account is $500, and the highest minimum deposit of $1,000 applies to the FBS Zero spread account that only charges commission, but no spreads. The FBS  Micro account is also available, though only under IFSC regulation. It also has the unique feature of providing fixed spread trading making it ideal if you prefer this type of trading.

• By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets.
• You can contact them via different methods such as Viver, WhatsApp, Telegram, Line, and messenger.
• The app allows you to personalise your favourite traders, start and stop copying a trader with a single click, and interact with the support staff.
• As seen in the FBS broker review, these cryptocurrencies and other equities are accessible even in the mobile app.

The owner and CEO have ensured that FBS Trader is a free and fully-featured trading app. As outlined above, the broker’s downloadable app offers forex and top instruments for investing, alongside real-time stats and easy account management. Trade 40+ popular majors, minors and exotics with tight spreads.

Unique Features

In total, there are a dozen different languages catered for by the support team. For the Zero Spread account, you need to deposit at least £500 at the start and it is suitable for full-time traders who trade often and in large lots. Finally, the ECN account is ideal for those looking to trade using ECN technology and a £1,000 minimum initial deposit is necessary. FBS offers Islamic swap-free trading on 2 trading accounts levels. FBS offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

It offers multiple tradeable instruments and is one of the most popular online trading providers out there today. It serves over 13 million customers from over 190 nations across the globe. Its UK operations are covered under its license with the Cyprus Securities and Exchange Commission (CySEC).

The applicant can now choose to Deposit Funds or proceed to the client area. Investors can open an FBS Level Up Bonus account to receive $70 free in FBS Personal Area and $140 free in the FBS Personal Area app. Contact us directly for further inquiries about our products and services. This review is primarily focused on FBS Markets Inc. , regulated by IFSC and FSCA. It is a fact that MetaTrader charting does not require introduction or recognition, as it is the most regarded design worldwide. MetaTrader is simple to navigate, overlook or research is packed with comprehensive tools and features, yet is very understandable even for the very beginners.

What did our traders think after reviewing the key criteria?

Past performance in the markets is not a reliable indicator of future performance. This includes both commission-free and zero-spread accounts – so traders of all skill sets are covered. You won’t be short of assets to trade either, as FBS supports everything from stocks and forex to crypto and commodities – all in the form of CFDs. If you are just starting out in the world of trading, FBS provides a comprehensive educational department that covers forex.

This account type is available under both CySEC and IFSC regulation with a great low minimum deposit of just $100 needed. There are five different types of accounts that you can choose from when trading with the company. The accounts are tailored to suit traders based on their experience levels as well as traders who use different types of trading strategies. Hence, you should always consider your own trading style and experience level when setting up your trading account. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation.

What is the minimum deposit at FBS?

FBS does a great job in supporting scalping and is a very popular choice in this regard. This comes thanks to a very fast execution speed with orders executed within 0.4 seconds. Market execution is in place which also makes requotes impossible. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to FBS. If you can overlook this key point, then the broker has a great deal of possibility to be a good fit for you in trading.

• However, if you’re a new customer or the withdrawal amount is significant, the broker might need more time.
• Speaking of regulations, there is one thing I think I need forex traders to understand.
• They are stating that I have violated the rules of depositing less than 0.08 LTC.

Except for the Pro account which requires a substantial deposited amount.All the other accounts don’t have such obligations and you can start with just 10 or 20 bucks. FBS is regulated by Cyprus Securities and Exchange Commission (CySEC). CySEC is responsible for regulating the Forex market in Cyprus. CySEC is directed by a board of directors that is appointed by the Minister of Finance. The board has representatives from various financial institutions and regulatory agencies. By 2016, FBS achieved more the 2.5 million active traders with around 200 million open orders.