Now, FBS Broker has got the interest of more than 190 countries around the globe and all thanks to the “Rules and Regulations” of CySEC and IFSC. Read the complete FBS Review now.
Regulated by IFSC, CySEC
In this ever-evolving Foreign exchange industry, FBS is indeed rolling as a BIG name since the dawn.
This widely controversial brokerage was formed back in 2009 and it's been operating globally since then.
The broker was entitled as well as awarded numerous achievements over time.
Besides, FBS was not always meant to be a Cyprus-based brokerage as it was first fabricated only in Belize. To be completely honest, the expansion was quite a necessary initiative so that more traders can enjoy the smart and secure trading environment of FBS.
Despite having a HUGE pack of features, the brokerage is heavily regulated as well as offers a vast number of effective trading tools.
As if that's not enough!
VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
VISA, bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
FBS offers 4 types of trading accounts which are categorized specifically so that traders can choose the suitable trading account for themselves.
However, the account types usually go like this:
Let's get a closer look at those accounts:
To begin with, the Cent accounts are specially made for beginners who've just been introduced to the most volatile market ever.
The account only requires a deposit amount of $1 along with that they'll be granted a relatively low spread of 0.1 pips. Besides, the cent accounts don't require any extra commissions.
And then it's time for the Standard trading accounts to come into action as it is solely made for specific traders who are in between both the newbie and experienced category.
The required deposit amount here is $100 with a spread of 0.5 pips and a leverage rate of 1:300. Most importantly like the cent accounts, you don't need to pay any extra commissions on this.
Moving on to the Fixed spread accounts which also goes by the name "Zero spread account" as it offers a spread rate of 0.0 pips.
That's the reason why it charges a commission fee of $20.
Furthermore, the minimum deposit amount is $500 which is required to use the account.
And as for the ECN trading accounts, well it's for expert market figures only whose primary objective is to trade on a long-term basis.
The required deposit amount for the ECN is $1000 with a commission fee of only $6 and which is without a doubt quite low compared to most other brokers.
Not only that, you'll get a leverage ratio of 1:5000 in the ECN accounts.
Lastly, FBS prioritizes market execution more than instant execution which is completed through the NDD(Non-Dealing Desk) process.
FBS is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!
As they also offer a wide range of market assets to trade on except cryptocurrencies which is undoubtedly a major drawback. But on the bright side the renders:
Forex: You'll be eligible to trade on more than 28 currency pairs including 16 exotic pairs.
Metals: Availability of precious metals including gold, silver, platinum.
Energies: Availability of hugely traded energies like Brent crude oil, WTI.
Stocks: You'll be able to experience up to 40 major company shares.
Indices: You'll be able to trade on a wide range of indexes including the HUGELY popular NASDAQ.
Note: Due to diverse legal statics FBS doesn't allow any traders to trade on cryptocurrencies especially BTC.
If it ever comes to regulations and licensing FBS has what it takes. To be more specific, they can outperform their competitors in the aspect of legitimacy. Moving on, FBS is regulated by two of the tightest regulatory bodies in the entire trading sphere.
Which goes like this:
The EU division is regulated by CySEC (Cyprus Securities and Exchange Commission)
The global division is regulated by IFSC (International Financial Services Commission of Belize)
Hold on, more incoming!
In the EU region, FBS also provides negative balance protection which has proven to be a MASSIVE advantage for the retail market traders in recent days.
Note: FBS doesn't accept any clients from the USA; rather than that if you're from other Asian and European countries, you're good to go.
FBS is not only considered as one of the tightest and secure Foreign brokerages but also it is widely known for providing a wide range of trading opportunities which obviously includes multiple trading platforms.
Being an NDD (Non-Dealing Desk) brokerage, FBS uses a rapid order execution as well as they render two of the most used trading platforms which are none other than,
The MT4 trading platform of FBS is HUGELY customizable and available for both PC and mobile devices. The platform also features an ultra-wide range of trading indicators and charts, availability of EA's, one-click execution, private VPS, and much more!
Moving on, as for the MT5 trading platform of FBS, well it's more of an updated version than the previous MT4. As a result, the trading tools and UI customizations are also top-notch.
That's not it!
The platform is quite versatile and that's why traders with diverse trading methods will also pretty much be a fan of it.
Out of the hood, the platform features depth market views, more technical indicators, and trading charts compared to the MT4, hedging, and nutting are also available, Finally, you'll be getting more time frames along with order types.
Note: FBS offers a web trading version for both the MT4 and MT5 trading platforms so that the traders don't have to undergo an unnecessary installation process.
When it comes to mobile trading apps, FBS has opened a door to new possibilities. How?
Well, the CEO of FBS has ensured that they will provide a personalized trading app that goes by the name "FBS Trader" along with their other trading apps. In addition, they provide both the MT4 and MT5 trading platforms in their mobile trading app.
And guess what, the trading app is loaded with awesome and effective trading features including several trading indicators, technical analysis, one-touch execution, time frames, copy trade, social trade, economic calendar, and much more!
Apart from that, the mobile trading app of FBS comes with multi-language support along with a user-friendly and easy-to-use interface.
We know, as if that's not enough, right
Let's face it!
There are still some myths about Forex trading that need to get a proper disclosure. Such as a broker is considered a scam if he provides certain trading bonuses and promotions to traders.
Like seriously!
Moving on, out of all people the traders know that FBS is a trusted name that too for a reasonable amount of time. And yes, they do provide trading bonuses including a sign-up bonus which is given to the new traders.
So, if you wish to get one of those then simply register an account with FBS and get a $100 welcome bonus.
Note: Though FBS provides a welcome bonus to certain traders, you won't be getting any referral bonus from them.
FBS is well aware of the fact that providing multiple transaction methods is quite significant.
So, they've lived up to that by providing an ultra-wide range of transaction methods including bank wire transfer( available in EU only), Visa, MasterCard, Neteller, Skrill, i.e.
Besides that, the required minimum deposit amount of FBS (EU branch) goes like this,
On the other hand, in the global accounts, the minimum deposit starts from $1 which is required for the cent accounts. In the same way, $5, $100, $500, and $1000 are needed for micro, standard, Zero spread, and ECN accounts.
Though the brokerage offers instant deposit, however, the withdrawal process can get real cranky sometimes as it requires more than 48 hours to proceed.
Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, FBS also fabricated a 24/7 superactive customer support protocol.
Which can be accessed via a live chat system along with phone and email communication. And that's not all, their customer support comes with multi language support including English, Portuguese, Spanish, German, Italian, and French.
Here's the contact info, in case you might need to contact them:
Forex education materials are a great way to find your way through this unstable at the same time volatile trading industry.
As it can help you to stay up to date with a lot of things. Respecting the significance of educational materials, FBS is committed to providing an effective and diverse learning center.
Where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot! It is well organized and also made in using a user-friendly perspective.
So, the beginners could get a hold of everything that's been going on!
That's not all, for exclusive research purposes, you'll be given access to Forex calculators along with economic calendars.
Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
With Demo-account, you can learn Forex market trading, master and test your own trading strategies and expert advisors online absolutely free of charge. Trade under real trading conditions on virtual funds. Choose Demo upon registering an FBS account.
You can fund your account in your Personal area, via the “Financial operations” section, choosing any of the available payment systems. Withdrawal from a trading account can be executed in your Personal area via the same payment system that was used for depositing. In case the account was funded via various methods, withdrawal is executed via the same methods in the ratio according to the deposited sums.
You can recover your PIN-code in your Personal Area on the PIN-code recovery page (available after clicking on the green button near your name in the upper panel). You will need to fill in as many fields in the appearing form as possible, attach color copies of the documents that you used for account verification and click the “Send Request” button.
Your request will be considered within 24 hours. In case your identity is confirmed, you will receive an e-mail with a recovery link. This link can be used only once. The page with your new PIN code will be available for 24 hours only. We strongly recommend you to remember or save your new PIN code in a secure place.
Margin Call is an allowed margin level (40% and lower). At this point, the company is entitled but not liable to close all open positions of a Client due to the lack of free margin. Stop Out is a minimal allowed level of margin (20% and lower) at which the trading program will start to close the Client’s open positions one by one in order to prevent further losses that lead to a negative balance (below 0 USD).
Deposit requests via other payment systems are processed within 1-2 hours during FBS Financial dept. business hours: Monday to Friday 07:00 – 19:00 GMT +3. The maximum time of processing a deposit/withdrawal request via an electronic payment system is 48 hours from the moment of its creation.
Verification is necessary for work safety, prevention of unauthorized access to personal data and funds stored in your FBS account, and easy withdrawal.
1. Choose the Verification section in your Profile settings (green button near your name in the upper left-hand part of the screen) or follow this link.
2. Fill in the necessary fields. Please, enter the correct data, exactly matching your official documents.
3. Upload color copies of your passport or government-issued ID with your photo and address proof in 'jpg', 'jpeg', 'png', 'gif' or 'pdf' format of a total size not exceeding 5 Mb.
4. Click the button “Send request”. It will be considered shortly after, the maximum time of consideration being 24 hours. In case your request is declined, you will receive a notification to your e-mail address; the reason for the decline will be stated in your Personal area.
You can change leverage in your Personal Area on the account settings page (available after clicking on the account number you need in the table on the left) in the “Leverage” section.
You will need to click on the “Change leverage” link, set the necessary leverage adjustment and then click on "Save". Attention! Leverage change is possible only once in 24 hours. It is impossible to change leverage if there are any open orders on the account.
FBS regulation is not one of the high points for the firm since most trusted brokers are regulated by organizations such as the CFTC, NFA, FCA, ASIC, and CySEC. ... The broker has also been able to receive positive FBS reviews from existing customers; however, the broker is not entirely free from criticisms either.
Over the two years of trading with LiteFinance, I've found their support team and dealing department to be respectful and responsive to all my questions. Withdrawal requests are processed swiftly as well!
Trading with Litefinance since 2014 has been a satisfying experience. Their fast automatic fund withdrawal, convenient web terminal and mobile app, low spreads on ECN accounts, and good trade performance have impressed me. Even during problematic situations, Litefinance has quickly resolved issues in my favor. I highly recommend trading with this broker.
A great and safe broker with transparent live chat for sharing trading ideas. Keep it up, Litefinance!
Litefinance's daily transaction receipts help me track my account effectively. I recommend them.
I'm a recent user, and though I can't comment on profits yet, their customer service has been impressive.
I recently joined FPMarkets, and I can already say that I highly recommend it. The withdrawal process took less than 2 days, and I'm very pleased with FP Markets.
Fast withdrawal and excellent service! The Customer Support team is not responsive.
I've explored FP MARKETS, and I must say it's pretty cool with high-quality tools and features. With a rating of about 4.7 points and being a regulated company, I consider it trustworthy. Keep up the good work, FP MARKETS!
The interface is excellent, and I've always found their customer support to be responsive. Deposits and withdrawals are fast and smooth. I've been using Exness for a year now and couldn't be happier with their service.
I have had a great experience with this broker, and their market analysis tools are easy to use. Thanks, AssetsFX!
I really wish they offered a cent account on the mt5 platform; it would make them the best broker out there. That's why just putting a star off the rating.
This broker is incredibly user-friendly, and their withdrawal process is straightforward and hassle-free.
It’s all a scam , I invested 90,750 US dollars with scam broker FXG trade and never got my money back and they kept asking for more which I couldn’t meet up with their demands, so they never got back to me anymore and i was so desperately in need of help to recover all the money back to me, fortunately I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr Maxwell Devine when i met him i did not believe that he could get back my money because i have been scammed a lot already and didn’t know what to do, but my spirit told me to give it a try and i did, feel free to contact him via his email address:{devinemaxwell28 (@) gmail.com}. and he will help you to recover all your lost investment that was denied from you by your scam broker.
My experience with AssetsFX has been positive. For EAs, scalpers, and auto-trading, provide outstanding virtual private server (VPS) solutions. This is a terrific chance for the trader. I have a special place in my heart for this broker. For a long time, I want to trade with them.
AssetsFX is a simple-to-use broker, to put it simply. AssetsFX is a fantastic place to start if you are new to this industry because they feature upper-edge customer service, a live chat option that promptly resolves your issue, blogs, and instructional seasons. Additionally, new users can benefit from their Demo account setup too. In short, it's an amazing broker.
The main obstacles to trade are middlemen and an absence of dealer control. The broker without a tracking desk to oversee traders is AssetsFX. Traders are able to use their own trading methods. My interest in collaborating with them is mostly motivated by this. Thanks for the best service.
I'm a U.S user, and while exploring brokers heard about AssetsFX. But unfortunately, like so many brokers, AssetsFX doesn’t accept US clients. For me, It's the most disappointing thing. Why you don't accept the U.S client.
I chose AssetsFX because it offers to trade on consistently low spreads from 0.0 pips, and it's authentic. Along with that, they don't prefer any kinds of hidden fees.
Multi traders like me who want to keep an eye on all trading platforms can choose AssetsFX because you can easily control Forex, Crypto, Indices & Commodities from here. Thanks! Team for the best service.
The main thing that attracts me to trade with AssetsFX is the multilingual customer support. I think it is essential for a broker because all clients are not comfortable with a fixed language, and it is beneficial to find out the problems and solve them quickly.
The extensive Liquidity supported by 20 central banks and hedge funds is covered by AssetsFX. The trade is made simple for me by this feature. But the mobile trading app ought to be bilingual.
Recently I learned about Assetsfx. This broker offers so many facilities to their clients. They provide a 20% Deposit bonus. I like their approach.
Assetsfx provides a wide range of trading options. There is also excellent customer service and an Instant Cash Back option.
I've traded with various well-known brokers, and I can tell that Assetsfx is a trustworthy broker, especially their Web Trading system. You should DEFINITELY check that out!
I heard that AssetsFX pays a $1 reward for each lot traded when you register a new live account with a minimum deposit of $500, which is real. Thanks, team for providing the best service!
AssetsFX accepts a wide range of trading techniques and assures that you can trade as you choose. In my opinion, trading should be done according to one's preferences. It comes highly recommended from me.
PerfectMoney, Bitcoin, Ether/Ethereum, Ripple, Tether (USDT), and Other Crypto Currencies, as well as Local Transfer alternatives, are all available for deposit and withdrawal at AssetsFX. This is huge for a trader, in my opinion.
AssetsFX does not offer the MetaTrader 5 trading platform. I'd want it to be here, though. I think adding this broker will bring extra facilities.
Many brokers have limitations, but AssetsFX has none. You can make as many payments per month or per client as you want. For me, it is the most visible aspect of this broker.
I have been trading on this platform for just a few months. I'm very pleased with their online service and quick customer feedback.
I've been using this platform for a long. And in this time, I have seen remarkable changes in their system. FBS uplifted its platform to another level. Looking forward to their further progress.
It's an average broker.
I've only collected positive ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM Trading is straightforward. However, it is simple to use. It has simplified my trading experience. The customer service personnel is friendly and helpful. They provide outstanding service.
Their Customer Service is effective and efficient in general. They delivered my verified account in a quick period of time, which is impressive. I'd like to stick with it.
Avatrade broker, in my opinion, is a hassle-free way to purchase and sell. After using it, I am completely satisfied and would recommend it to friends.
I noticed that OctaFX, a forex broker, had won 35 awards! It is also Asia's best broker. It demonstrates that it is a reliable Forex Trading Broker. OctaFX is something I use frequently, which is why I strongly suggest it to everyone.
It's a fantastic platform. The best thing is that withdrawals and deposits are processed quickly with no charge. Exness deserves praise.
The best product on the market is provided by FP Market. It's both unusual and smooth. It's my favorite.
Litefinance was a good experience because they offer a wide range of trading options, which caught my curiosity. In addition, compared to other places, admission fees are low.
The best thing about IC Market is that there are no trading restrictions and the spread is global. A minimal amount can be traded. As a result, anyone can effortlessly select this broker.
One of the greatest sites for newbies, especially those looking for quick results. It's safe and well-suited to trade.
This platform is ideal for anyone wishing to grow their Forex trading network. It also has collaboration programs.
JustForex is an excellent site to invest in overall, although the interface should be improved.
I've only collected useful ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM trading platform is easy and the deposit and withdrawal process is fast. Traded with their bonus and it was easy without encumbrances. I will recommend XM to anyone any day and their customer service is efficient.
Tickmill is, in my opinion, the better option, but it will be even better if ECN introduces a $50 minimum credit requirement.
AVA Trade provides poor service. They only told me to put down more and more money. Withdrawal is destructive. Do not waste your time with an ineffective agent.
OctaFX offers so many opportunities that anyone can benefit from them, which is its best feature.
Exness is one of the most outstanding online trading platforms I've seen. However, I believe that some things should be added.
When trading with any currency, the FP Marketing broker is simple to use. Withdrawals and deposits continue to flow unabated. This is the broker I like.
The most important aspect of forex trading is order processing speed, which this broker provides in spades. As a result, I give it a thumbs up.
The market sentiment indicator on the IC Markets broker displays how other people are trading. It is very beneficial to new traders in terms of developing strategies. So far, it's been a fantastic broker.
As a Muslim trader, I prefer FBC because they provide swap-free accounts (known as Islamic accounts) which don't contradict the teaching of Islam. It is the best part of this broker I think.
From my side, Robo Forex is a great place to earn profit by promoting the materials they provide on other websites. Good to have knowledge about them.
My overall perception of Just Forex is good. I didn't need that much time to verify my account, also my every deposit and withdrawal experience was smooth. They offered broad resources to explore.
It's been a year since I'm using this trading platform. TradersWay provides the best rates and low spreads, and fast execution. Happy with service.
The motive of XM brokers is to provide the best service to its clients. Trust me they do what they say. I am fully satisfied with their ministry.
Tickmill brokers are very professional and sincere. I have been using Tickmill since 2019 and with time, their services are getting better and better.
First time using this site. Everything is working smoothly. But some features need to be improved. Above all, it’s the best broker.
OctaFX is an official forex trading platform. Settings helped me to manage my profile and deposits. It also has a demo option for beginners.
Exness a perfect brokerage platform for a good investment. I've tested the platform with a demo version and had a good experience. Now I'm about to start with a real account.
On its YouTube channel, FP Market has a number of educational videos that serve as a guide for its users. In my opinion, it is the best aspect of this broker.
Using LiteFinance as a day-to-day FX broker was indeed a worthy experience as they provide a lot of trading opportunities. Also my funds have grown in this broker platform. Finally, after a lot of hassle, I've succeeded in getting a trusted company that pays instantly. This is the best place at the right moment everyone must invest.
Excellent broker for both Forex and CFD trading. Its fast functionality and easy navigation amazed me most.
The best thing about FBS that amazed me most is its diversity. They value all clients, understand them, and fulfill their different demands. In a word, they have good management.
Robo Forex has a great reputation for providing 24/5 currency exchange service and customer care, which nobody can deny. They keep their customers happy by giving them access to their forecasts and educational materials.
Truly satisfied with Just Forex's leverage for deposit and its fastest withdrawal process. Looking forward to building my career as a trader with Just Forex.
Tradersway is a great platform for trading, I started my trading journey with them and there is no looking back since then.
Trust me XM is really a good Forex broker. This broker is trustworthy. Withdrawals are always fast and smooth. But it needs to be updated. Hopefully, they update it soon and ensure the best version.
Tickmill has very professional brokers. I have worked with many brokers, but they are the best. And their fast deposit and withdrawal process is very convenient.
Avatrade has many options to explore not only buying and selling shares. I can choose the perfect platform to invest in by comparing the industry. Worthy to use.
For beginners, it's a great platform to start their forex journey since OctaFX offers comprehensive video tutorials and articles. They also have manuals, traders' tools, and many more features.
I started my forex journey with Exness, and it's very user-friendly. It provides Fast-paced transactions and instant withdrawals, which I appreciate.
FP Markets is most known for its Forex trading, but it also offers CFD trading in equities, metals, commodities, and indices. It is equipped with cutting-edge online trading software designed exclusively for CFD trading. Consider it to be an excellent trading option.
LiteFinance is a really good Foreign exchange broker. This broker is trustworthy. Withdrawals are always fast and without any additional checks. I would also like to note the fast execution of trade orders. Hopefully, in the future, their market analysis app will get better.
IC Market ensures the best and the most transparent trading experience. For a long time, I've been with IC and wish to be with them.