Introduction
FBS is known for its simplified and versatile platform that ensures a friendly user experience for beginners as well as professionals.
FBS forex trading is one of the most trusted, user-friendly platforms for exercising Forex Trading. It has been serving users from over 150 countries across the globe with their easy-to-handle platform and a supportive customer care team. It provides various types of account options for users to select from based on their choices for trading.
Stay with us till the end of this review if you do not want to turn a blind eye on simple yet important details.
Overview
| Founded in | 2009 |
| Website | https://fbs.com/ |
| Minimum Deposit | $5 |
| Leverage upto | 1:3000 |
| Traders | 27,000,000+ |
| Partners | 400,000+ |
| Spreads from | 0 pip |
| Trading Platforms | Mobile apps, Web apps, Mac and Android desktop apps |
| Countries | 150+ |
| Regulated by | Financial Services Commission (Belize) |
| Demo Account | Yes |
| Islamic Account | Yes |
| Minimum Order Volume | 0.01 |
| Order Execution | 0.01 seconds |
| International awards | 70+ |
Types of Accounts offered by FBS
FBS broker remains to be inclusive as it abides by the Sharia Law by providing Islamic Accounts, ensuring transparency. Due to the diversification in tools, it happens to be suitable for both beginners and professionals.
The demo account is perfect for potential traders who are just starting and want to get a hand on the tools and have trading experience without the risk of any major loss.
| Account Type | Sub-category | Minimum Deposit | Leverage | Spread |
| Real Account | Standard | $5 | Upto 1:3000 | 0.7 pips |
| Cent | $1 | 1:500 | 1 pip | |
| Demo Account | Standard | Not required | Upto 1:30 | 1 pip |
| Cent | Not required | Upto 1:30 | 1 pip | |
| Islamic Account | Standard | $5 | Upto 1:500 | 1 pip |
Trading Instruments:
There are 550+ trading instruments available on FBS. Some of them are:
Commodities
Raw materials for sale are categorised as commodities. Some of these offered by FBS are:
- Gold
- Silver
- Platinum
- Oil
- Natural Gas
Currency pairs
It is in the forex market that we trade in currency pairs. The base currency is the first one in the pair and the second currency is often referred to as Quote currency. During the exchange, The Base currency is bought in exchange of the Quote currency.
Stocks
FBS offers some of the most demanded stocks of companies like Apple, Amazon, Google, Tesla and much more.
Indices
Indices are usually ranked by individual institutions such as banks or financial companies.
How to open a trading account on FBS?
A step by step guide to start your journey as a trader on FBS is given below.
Step-1: Download the FBS application from the App Store or Google Play.
Step-2: Open the application and select “Registration”.
Step-3: Select a method for opening your account. It can be done directly using your mail or manually.
Step-4: Review the information and select the type of account you want to start your trading journey on with.
Step-5: Review or edit account settings and save the information.
Step-6: You have now successfully created your account.
Log-in to your account on FBS
You can log into your FBS account anytime using your registered email and password on it’s login page.
Security and Regulations
The FBS aligns with the regulatory requirements of The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of Belize, thus maintaining transparency and protecting its users.
Risk Management: Regulatory bodies impose risk management requirements on FBS to ensure they have adequate measures in place to manage and mitigate risks associated with trading activities.
Transparency and Disclosure: FBS remains to be transparent and provides accurate information to clients regarding their services, fees, risks involved in trading, and any potential conflicts of interest.
Anti-Money Laundering (AML) Regulations: To comply with AML regulations to prevent their platforms from being used for money laundering or terrorist financing activities, FBS implements robust Know Your Customer (KYC) procedures and monitors transactions for suspicious activities.
Consumer Protection: Regulatory authorities often have measures in place to protect consumers, such as providing avenues for dispute resolution and compensation schemes in case of broker insolvency.
FBS Trading Platforms
What is MT4 and MT5?
MT4
MetaQuotes introduced MT4 in the year 2005. It is a popular decentralised platform used specifically for the purpose of forex trading.
MT5
MT5 was launched in 2010, just 5 years after the launch of MT4. It happens to be comparatively less popular than MT4 but is capable of trading beyond the forex market. It is a centralised platform used for trading outside forex, such as stocks, commodities and much more.
Difference between MT4 and MT5
MT4 | MT5 |
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One can get FBS MT4 downloaded from the browser or app stores in their device.
Mobile applications: This broker provides mobile applications supporting MT4 and MT5 on both, android as well as iOS.
Web applications: Users can access FBS Metatrader 4 and Metatrader 5 trading accounts directly from the browser, without installing a software application.
Desktop applications: The desktop application of FBS MT4 and MT5 is available for Windows and Mac, ensuring smooth operation of the platform.
You can explore more Brokers with better mobile apps and reliability like FXRoad, Capitalix and TradeEu.Global here.
