FBS was founded in 2009. In the EU, FBS is handled by Tradestone limited and is also regulated by the Cyprus securities and exchange commission (CySec). The headquarters is run by FBS market Inc and is also regulated by the International Financial Services Commission of Belize (IFSC). Having its head of office in Cyprus, FBS has been able to garner over 15 million active Traders across 190 countries including South Africa, Indonesia, Malaysia, Pakistan and the EU.
Trading platforms and tools
FBS makes use of a Non-dealing Desk (NDD) system with STP for quick order execution. After clients have registered and logged in on the platform, they have two platform options to choose from to access the market. They have the MetaTrader 4 and the MetaTrader 5. The MetaTrader 4 is one of the market-leading platforms that allows FBS Traders to trade on their PC.
The reason FBS makes use of the MetaTarder platform is due to some important features. These features include one-click execution, copy trading, expert advisors service API and a wide range of technical indicators and chatting tools support for clients using a virtual private server.
In the headquarters of FBS, there is a multi-trader for multiterminal which allows traders to operate several accounts simultaneously. On the other hand, the MetaTrader 4 was just recently integrated into the FBS platform. The MetaTrader 5 is a recent update to the MetaTrader 4.
Given that it is an advanced type of MT4, it comes with greater features which include hedging and netting, market depth view, more technical indicators as well as more order types and timeframes. Traders can find the mt4 and mt5 available for download through any browser on the WebTrader solution.
You should know that this service works across numerous operating systems and has all the features of the original software. You may be pleased to find that the FBS website is available at all times. However, the opening hours for each asset depends on the time zone and the market. But forex runs 24 hours a day on business days.
The platform also provides a VPS service which allows their traders to keep trading on their accounts on a virtual machine 24/7. As an incentive to traders, FBS offers a wide range of bonuses and promotions that are frequently advertised on their website. For instance, the platform offers a trade $100 bonus with no deposit at all. The FBS platform credits traders with $100 and if the client has up to 30 active trading days with 5 lots traded, the bonus can be withdrawn.
With the FBS platform, traders are allowed to access a wide range of assets. These assets include forex, metals, energies, stocks and indices. Unfortunately, cryptocurrencies such as bitcoin isn’t offered on the FBS platform.
If you are looking to use the FBS platform to trade, you should understand that deposits tend to differ as regards the account type and trading region. If you are trading with the account in EU, you will be required to have an initial deposit of €10 on the Cent account and €100 on the Standard account. The FBS global branch allows deposit of $1, $5, $100, $500 and $1000 for the cent, micro, standard, zero, and ECN account respectively.
FBS is a registered and legitimate broker with regulations from reputable respected authorities. As we stated earlier, the company’s branch in EU is regulated by the Cyprus Securities and Exchange Commission (CySec). The headquarter branch is regulated by the International Financial Services Commission of Belize (IFSC). In the EU, the platform provides negative balance protection to retail clients.
However, you should know that traders from the USA cannot open an account on the FBS platform. But clients from other part of the world are accepted and this includes countries like India, Canada and Nigeria.
The FBS broker platform offers some educative materials for beginner and intermediates who are looking to familiarize themselves with forex trading. There are also demo accounts available for newbies to practice with.
Recently, FBS have Incorporated several live accounts types on their platform. Now, new clients get to have the option of operating several live accounts. In the EU, the FBS platform offers the Standard and Cents account. On the other hand, the global branch offers the micro, zero spread, and ECN account.
However, the other volumes are the same across the different account types. Plus, the ECN account has no trading limits and the marketing execution is set by ECN unlike other accounts which use STP.
In a nutshell, the higher you deposit the higher the account tier. Note that when opening an account on the FBS platform you’ll be required to submit some documents to validate your name address and the country you are registering from.
FBS is a top online broker that has been able to bag several awards across different platforms. These Awards include:
- Most transparent forex broker 2018.
- Best forex trading account 2018.
- Best copy trading application global 2018.
- Best forex broker Asia 2018.
- Best investor education 2017.
- Best safety of client funds Asia 2015.
- Best broker in Asia Pacific region 2015.
FBS Trader App
The owner and CEO of FBS having assured that the FBS Trader has an app that has all the functions are similar to the FBS platform. This app can be downloaded on Google Play store and is also available on Apple Store. On the good side, the app comes with forex and top instruments for trading alongside easy management and real-time stats.
Yes, the FBS platform comes with some certain leverages. However, the maximum leverage available is dependent on the account type and branch. In the EU, the platform provides leverage of up to 1:30 on standard and sent accounts types. However, globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account and 1:3000 on other accounts types.
The customer support on the FBS platform is available in English, Portuguese, Spanish, German, French, and Italian. In the EU branch, you can contact the customer support via email, live chat, phone number as well as their office address.