FBS Review

Should you trade with the broker FBS ?

There are several things that you should consider when choosing a broker to trade with. Things like regulations, years in the market, reviews from clients and some others. In the case of FBS… how can you know if this is a good broker or not?

You might already know that there are lots of scam brokers out there, so you should be careful when picking yours. We can tell that FBS is not a scam broker but is it worthy to trade with them? That’s a question that you may have to answer by yourself. However, in this article we will give you all the information that you need to make a good decision.

About FBS Forex Broker

FBS is an FX broker that was founded in 2009, its headquarters are in Belize. It started serving around 50,000 clients and it now has around 11 million registered users from 190 countries (according to it’s website).

By 2013, the broker got a forex self-regulating organization membership in CRFIN to develop its Russian market. The firm had been working hard on expanding over Asia, but on year 2017 they decided to turn into the European market. It was on that year that FBS got it’s CySEC regulation.

The company has received several awards during all these years. It has been awarded as Best Forex Broker in Asia, Best FX Broker Indonesia, Best Forex Broker Thailand and others.

Company’s Regulation

The company runs under different regulations:

FBS Markets Inc: This company is under IFSC regulation (License IFSC/60/230/TS/18). This company manages the global website https://fbs.com
Tradestone Ltd: This is the legal name of FBS in Europe. The company is under CySEC regulation (License number 331/17). This company manages the European website.

Products offered by FBS

The company offers the following products:

Forex: It has 37 FX crosses to trade with (including exotic crosses).
Indexes: The company offers only 3 indexes (DAX30, WTI & BRN).
Metals: With FBS you can invest in Silver, Gold, Platinum and Palladium.
Cryptos*: You can trade with 4 Cryptos such as BTC, ETH and LiteCoin.

(*) Cryptos are only offered by FBS Markets Inc (the global company) Tradestone (or FBS Europe) doesn’t offer them.

Types of Accounts

The company offers 6 types of accounts with different conditions. It’s important to mention that FBS Markets Inc is the one that offers 6 types of accounts while FBS Europe only has 2 type of accounts which are the Standard and Demo. We will see more about each one of them:

Demo Account

Demo accounts are free accounts where you can trade with fake money in a simulated environment. Your platform will receive the live prices from the market, but you won’t be risking any real money there. It’s a great way for new traders to familiarize with trading.

In FBS you’ll need first to open a real account (no need to fund it) and then you will be able to ask for a demo account.

Cent Account

This is the trading account with the lowest capital requirement. Some characteristics of this account are:

You can deposit as few as US$1.
Your account will be in USD or EUR.
The minimum spread is 1 pip.
Maximum leverage is 1:1000.
Minimum size of lots is 0.01 cent lots.
US$0 commissions per lot.

The main benefit of this account is that you can trade with cents. If you have only US$20 or less in capital, then this may be a good option for you.

(*) This account is only valid for FBS Markets Inc (clients outside Europe).

Micro Account

This is also a trading account with low capital requirement, but it has different specifications than the previous account. Some features of this account are:

You can deposit as few as US$5.
Your account will be in USD or EUR.
Spreads are fixed from 3 pips.
Maximum leverage is 1:3000.
Minimum size of lots is 0.01.
US$0 commissions per lot.

(*) This account is only valid for FBS Markets Inc (clients outside Europe).

Standard Account

As its name says it this is a Classic account. Some characteristics of this account are:

Minimum deposit of US$100.
Your account will be in USD or EUR.
The minimum spread is 0.5 pips.
Maximum leverages are 1:30 & 1:3000 *.
Minimum size of lots is 0.01.
US$0 commissions per lot.

(*) Max. leverage of 1:30 is only for clients of Tradestone (FBS Europe). Max. leverage of 1:3000 is only for clients of FBS Markets Inc (clients outside Europe).

Zero Spread Account

If you are used to scalping or have a trading style that benefits a lot from having the lowest spreads possible then this account may be a good alternative for you. Some features of the account are:

Minimum deposit of US$500.
Your account will be in USD or EUR.
The minimum spread is 0.0 pips.
Maximum leverages are 1:3000.
Minimum size of lots is 0.01.
US$20 commissions per lot.

(*) This account is only valid for FBS Markets Inc (clients outside Europe).

ECN Account

This is also a great account for those who prefer to work with the lowest spread available. The difference is that in this account the capital requirement is higher. Some characteristics of this account are:

Minimum deposit of US$1000.
Your account will be in USD or EUR.
The minimum spread is -1 pips.
Maximum leverages are 1:500.
Minimum size of lots is 0.1.
US$6 commissions per lot.

(*) This account is only valid for FBS Markets Inc (clients outside Europe).

Trading Platforms

FBS doesn’t have its own platform. In their website they offer MT4 and MT5* in the following formats:

The .exe program that you can install in your computer,
The Web Trader platform,
MT4/MT5 for Android and;
MT4/MT5 for iOS.

MT4 is the most used trading platform in the world. It was developed by MetaQuotes and most brokers use it as clients are familiar with it. MetaQuotes also developed MT5 which is quite like his older brother.

(*) MT5 is only available in FBS Markets Inc but not in Tradestone (FBS Europe) this means that MT5 is not available for European clients.

A great advantage of FBS is that the broker is STP/ECN, this allows it to offer better trading conditions such as low spreads. STP/ECN brokers are also well-seen because they don’t have a dealing desk as Market Makers. Usually STP/ECN brokers offer low commissions to their IB’s but FBS offers US$10 per lot which is pretty good.

The company also has a “Trader’s calculator” which seems like a great tool to calculate the potential income that you can receive from every trade that you do. What is great about this tool is that you can do the calculations based on the type of account you have and that the results show you the value of each pip, the spread, swaps and margin.

If you are interested in Fundamental Analysis the broker also offers you a section with all the meetings scheduled by Central Banks so that you may now when will the Banks take an important decision that may affect your trading.

Education / Training

The education materials offered by FBS are good compared to other brokers. They have 6 different sections that have material for beginners and for advanced traders.

For example, in its “Forex guidebook” they offer a whole course that starts with a section for beginners and ends in a section for experienced traders where you can see things about harmonic patterns and others.

The webinars are pretty like the ones offered by other brokers but it’s good that they include them too. If you prefer to learn with visual aid, then you will find great to know that the broker has some video lessons available for free.

Bonuses and promotions are a strong feature of FBS.

123 Bonus : This bonus gives you US$123 to trade with. You just must open an account, but you don’t need to validate it to start trading. This bonus only lasts 7 days.
50 Bonus : With this bonus you will get US$50 in your trading account, but you will need to validate your account and contact details. There is not an expiration date, but the bonus will end on your first withdrawal.
100% Bonus : With this bonus you will receive 100% of your deposit. You will have to validate your account and contact details and it has no expiration date.

$100 welcome bonus : You must open an account to get this $100 bonus to trade forex.

It’s important that you check the bonus conditions as most bonuses won’t allow you to withdraw until you have traded a certain amount of lots with the bonus.

The broker also has different trading competitions where you can get prizes such as cars or trips to some great places. ( Take in consideration that FBS Europe don’t offer these bonuses. They are only offered by FBS Markets Inc. )

Should you trade with the broker FBS ?

About FBS Forex Broker

Company’s Regulation

Products offered by FBS