I have been using FBS for some years now and this is my honest review of the FBS broker.
Before you use the Fbs broker for your trading, it’s necessary you read reviews like this.
In this FBS review, I will show you the important things/features you should look at.
The table below summarizes the FBS broker review
| Broker FAQ | Answers |
|---|---|
| Year Founded | 2009 |
| Free Bonus | $140 Free Bonus |
| Minimum Deposit | $1, But Depends On Account Type – See More Details Below |
| Spread | FBS Spreads Start From -1 Pip, But Depends on Account Type – See More Details Below |
| Leverage | 1:3000 |
| Cent Account | ✓ |
| ECN | ✓ |
| Deposit Methods | Visa, Neteller, SticPay, Skrill, Perfect Money |
| Withdrawal Methods | Visa, Neteller, SticPay, Skrill, Perfect Money |
| MT4 | ✓ |
| MT5 | ✓ |
| Mobile App | ✓ |
| Copy Trading? | ✓ |
| Trustscore | 90% |
FBS BROKER – 95% TRUST SCORE
Up to $140 BONUS
Is FBS SAFE AND REGULATED?
Yes, FBS is safe and legit. FBS Is Regulated by the International Financial Services Commission.
Also, FBS is the official trading partner for reputable football clubs like Leicester FC and FC Barcelona.
Be rest assured that your funds are safe and the trading service is regulated to avoid any form of cheating from the broker.
PS: I expected that the FBS broker is regulated by more than just one regulatory body.
FBS REVIEW – FREQUENTLY ASKED QUESTIONS
FBS Spread depends on account type. at this time, FBS provides 6 different account types. The lowest spread is fixed 0 pip spread for the zero spread account. the spread for other FBS accounts typically starts at 1 Pip. I analyzed each account type and the accompanying spreads down below. keep reading.
withdrawal depends on the payment method that you have used to deposit funds.
While most withdrawals will be done immediately, some withdrawal methods like the card and bank withdrawal could take between 3-7 business days.
You are not allowed to withdraw the FBS level-up Bonus, but if you trade with the bonus and make profits, then you will be able to withdraw the profits.
Kindly check the FBS website for more information on the level-up bonus.
FBS Minimum Deposit varies depending on account type. but the lowest you can get is a $1 dollar minimum deposit on their crypto and cent trading account types.
you can get up to 1:3000 Leverage on FBS Broker.
Yes, FBS broker is regulated by the International Services Commission. Therefore FBS is a trusted broker
Yes, FBS is an ECN broker and an ECN account type is provided on their website.
the following are the popular deposit methods with Visa, Neteller, SticPay, Skrill, Perfect Money.
Popular deposit methods with FBS brokers; Visa, Neteller, SticPay, Skrill, Perfect Money.
FBS broker only charges commission on their Zero spread, ECN, and Crypto account types.
Zero Spread Account Commission: $20/lot
ECN Account Commission: $6
Crypto Account Commission: 0.05% for opening and 0.05% for closing positions
FBS Account Types And Spread
FBS Broker Provides customers with 6 account types. Each account type has a different spread, Leverage, Minimum deposit, and minimum lot value.
I will summarize all the 6 FBS account types Below
1. FBS Cent Account Type and Spread
The offers a cent account type. This means if your account currency will be in cents.
For example, if you deposit $10, it would be converted to 1000 Cents.
This kind of account is mostly used by beginner forex traders or advanced traders who want to test out their new strategies.
Below is a list of important information about the FBS cent account type
Spread: From 1 pip
Leverage: 1:1000
Minimum Deposit: $1
Minimum Lot Volume: 0.01 – 1000 cents Lots
2. FBS Micro Account Type and Spread
This account type by FBS works best for traders who want to gain experience and also test out trading strategies as it has a fixed spread of 3 pips.
This is a good account type for traders who wants to be able to know all the details about their profits.
Here is a summary of the spread, leverage, minimum deposit, and minimum volume lot for the FBS Micro account type.
Spread: Fixed, 3 pip
Leverage: 1:3000
Minimum Deposit: $5
Minimum Lot Volume: 0.01 – 500 Lots
3. FBS Standard Account Type and its Spread
If you open a standard account type with FBS, then you get a 100% Deposit Bonus.
This trading account has competitive spreads and no commission is charged.
Below is a summary of the features of this account type including spread and minimum deposit.
Spread: From, 0.5 pip
Leverage: 1:3000
Minimum Deposit: $100
Minimum Lot Volume: 0.01 – 500 Lots
4. FBS Zero Spread Account
FBS broker is one of the few brokers that offer a zero spread account. This account type works well for traders who trade at high speed and requires faster executions of trades.
The downside of this kind of account is the $20/lot Commission.
See Summary of this account type below
Spread: 0 Spread
Leverage: 1:3000
Minimum Deposit: $500
Minimum Lot Volume: 0.01 – 500 Lots
Commission: $20/Lot
5. The ECN Account Type – FBS Review
ECN brokers are in high demand these days because it provides one of the best possible trading conditions for brokers.
For example, the FBS ECN account has a very low spread of -1 pip. It also provides fast execution with no trading limits.
See a summary of this kind of account type below
Spread: From, -1 pip
Leverage: 1:500
Minimum Deposit: $1000
Minimum Lot Volume: 0.01 – 500 Lots
Commission: $6
6. FBS Crypto Account Type
This account type is designed for trading cryptocurrencies like BTC, Etherum, and other new emerging crypto assets.
Therefore if you are looking to trade crypto, then FBS has a good product for you.
See all details about this account below
Spread: Floating spread from 1 pip
Leverage: 1:5
Minimum Deposit: $1
Minimum Lot Volume: 0.01 – 500 Lots
Commission: 0.05% for opening and 0.05% for closing positions
FBS Review – Trading Platforms
The following are the trading platforms provided by FBS broker
- MT4
- MT5
- FBS Trader Mobile App For IOS and Android
- FBS Mobile Copy Trade App on IOS and Android
Trading Instruments
Below is a list of all available trading instruments on FBS broker
- Forex
- Metals
- Indices
- Energies
- Stocks
- Forex Exotic
- Crypto
FBS Traders Education
It is expected that every serious forex broker provides useful education for current and prospective traders because forex is regarded as a highly risky business.
So as to prevent or minimize losses of capital while trading, FBS forex brokers have provided sufficient education on their website in the form of
- Video lessons
- Blog articles
- Seminars
- Webinars
- E-books
Summary FBS Review
FBS is one of the best forex brokers out and I have an account with them that I use for my trading. I use their cent account specifically to test my robots on a live account.
Therefore, if you are looking to open a forex broker with a good trading experience and useful features, then you should open an account with an FBS broker.
Do you have an experience with an FBS broker that you want to share? Kindly use the comment box below to begin a conversation.
Read More on FBS Minimum Deposit Here
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