Discover FBS – The International Brokerage Powerhouse. Founded in 2009, FBS boasts 27 million active traders across 150+ countries. Recognized for excellence in service, FBS ranks among the world’s top brokers with a notable 7.2 score by FXonline.ai in 2023.
Table of Contents
What is FBS?
FBS is an international brokerage company founded in 2009. With over 150 countries of presence, FBS has more than 27 million active traders.
FBS has received multiple international awards marking the company’s achievements in customer service, professional devotion, service quality, referral program, and more.
In 2023, FBS scored 7.2 out of 10, placing second in an FXonline.ai listing of the world’s top brokers. The innovative AI-driven platform marked FBS’s client-centric approach and highlighted the company’s excellent user experience, customer support, and fast registration process.
FBS Pros and Cons
Traders and reviewers praise FBS for the following:
- A wide range of account types, including Crypto, Cent, and ECN.
- Being a licensed broker with multiple awards and negative balance protection.
- Having no commission on deposits or withdrawals and low minimum deposits, ideal for beginners.
- Fast order execution of 0.4 seconds and zero requotes.
- Free-of-charge educational materials.
- MT4 and MT5 platforms, and an official mobile app.
- 24/7 client support.
However, there are drawbacks some may find disappointing:
- There is no copy trading – FBS has discontinued the feature.
- Protective measures and trading conditions vary by account type.
Is FBS a scam or a safe broker?
FBS is not a scam. It is an authorized broker. It’s safe to trade with FBS, as you can tell by the statistics in the Philippines and overall performance in other countries of presence.
FBS operates legally in over 150 countries under the CySEC, Belize FSC, and ASIC licenses.
According to FBS representatives, the company’s basic principles are reliability, favorable trading conditions, and a customer-focused approach. FBS sees reliability as a set of necessary measures, standards, and procedures that are a must for any respectable and professional broker.
FBS Trading Conditions and Services
Here’s a list of what traders get when they choose FBS as their online broker.
Trading Instruments. Today, FBS offers 650+ trading instruments, including Forex, Crypto, Stock, Indices, Energies, and Metals.
Account Types. FBS has seven account types, meeting various trading styles, budgets, and preferences.
Demo Trading. There is an option to use a Demo account, a trading practice. It is especially useful for novice traders who want a first taste of trading. Note: you can’t earn money with demo trading.
Trading Platforms. Trading platforms include MetaTrader 5 and the FBS Trading Broker application for Android, Apple, and desktops.
Payment Methods. Philippine customers get various payment options for depositing and withdrawing funds, including Visa and Mastercard, the Gcash e-wallet system, and online banking services at BPI Bank, Union Bank, and Metrobank.
Leverage. Depending on the account type, FBS offers a leverage of up to 1:3000.
FBS Customer Support. Traders can contact FBS Customer Support any time, day or night. The support team is multilingual and ready to help in no time.
How to open a trading account with FBS
Opening an FBS trading account is easy. It is a matter of minutes and takes just a few simple steps.
- Go to the App Store or Google Play. Download the FBS – Trading Broker application to create an account for trading.
- Install the FBS – Trading Broker app. Press the “Get” button in the App Store or “Install” if it is Google Play. Wait for the installation process to finish.
- Begin registration in the app. Double-tap to open the app and press “Registration” at the bottom of the screen.
- Choose how you want to register. You can perform FBS registration via a social network or manually enter the data required. Click “Sign up with email” if you decide to register manually. Remember to read the Customer Agreement and Privacy Policy carefully before starting the registration process.
- Follow the steps if you perform manual registration. If you register manually, type in your email and full name, and press “Register”.
- Check the information. Carefully look through all the data on the screen. The system has generated for you a temporary password. We strongly recommend you change it and create your password. After you are done, press the button “Complete registration”.
- Choose an account. Before you begin to trade online, you must choose an account type. FBS offers a variety of accounts to any taste. FBS Real account or FBS Demo account: it is up to you to decide.
FBS Review Conclusion
FBS is a regulated broker operating in over 150 countries under several licenses, including CySEC, Belize FSC, and ASIC. The trading conditions are transparent, and the commission system does not involve hidden fees or overpayments. Other conditions include the leverage of up to 1:3000, low spreads, fast order execution, and easy withdrawals with the country’s most popular payment systems.
FBS is reachable – so any trader can contact the broker via social networks, email, or the 24/7 Support Team. FBS offers seven types of trading accounts for various trading styles and budgets. Combined with over 600 instruments, it provides a wide range of trading opportunities.
But before you start trading with FBS or any other licensed broker, ensure you’ve carefully evaluated your trading goals and risk tolerance. Forex and CFD trading is high risk and may not suit everyone. Success is not guaranteed. Losses can be devastating.
Learn the basics of trading and modern trading tools such as applications, software, and indicators to make your trading experience positive.
FAQ
Is FBS a scam or a safe broker?
FBS is a licensed broker. FBS trading is safe. The company has been in the market for 14 years and has many positive reviews from traders.
How to open a trading account with FBS
Registering at FBS will take a few simple steps:
- Install and download the FBS – Trading Broker app.
- Begin registration in the app.
- Follow the registration steps.
- Double-check the entered information.
- Choose an account.
Which account type should I choose with FBS?
There is no generic advice on choosing an FBS trading account, as the choice depends on a trader’s budget, trading style, and preferences.
How does FSB make money from you?
FBS prices are typically built into a spread. Thus, if applicable, you pay the spread for each order you place, plus overnight, inactivity, and withdrawal fees.
How long does it take to deposit and withdrawal?
Deposits via electronic payment systems are processed instantly. Deposit requests via other payment systems are processed within 1-2 hours during the FBS Financial dept. FBS Financial department works 24/7. Withdrawals depend on a chosen payment method. It requires up to 7 working days for bank wires, up to 20 minutes, or a maximum of 2 days for credit or debit cards and eWallets.
