Introduction

FBS was established in 2009 that has clients from 190+ countries. Regulators like CySEc and IFSC regulates the brokerage. It uses NDD (Non-Dealing Desk), and STP (Straight Through Processing) technologies as FBS obligates to guarantee the highest possible order execution speed. 95% of orders are executed within 0.4seconds.

FBS offers free commission with requotes. The 5 digits precision applied to every sort of accounts for tighter and accurate spreads. Leverage is available up to 1:3000 with EA(Expert Advisor) and strategies ready for all the traders. It is suitable for both beginner and advanced traders.

Pros and Cons

Assets

FBS offers five different kinds of asset classes: Forex, CFDs on Indices, Precious Metals, Commodities and Stocks. As FBS utilises STP(Straight Through Processing) technology to FBS terminal, the trading process is rapid and smooth with enhanced engines. Yet, the number of trading instruments is limited.

Leverage

FBS offers from 1:50 to 1:3000 leverage depending on your account type. The brokerage offers the highest leverage in the industry. The range of leverage may differ from which kind of account you have opened.

Leverage enables you to trade with a significant amount of fund with small initial deposits. Yet, it could also lead to the margin call, losing all the money you have a bet. Be cautious when you are using leverage.

Deposits and withdrawals

FBS offers various method to deposit or withdraw your fund. Electronic wallet, credit and debit cards and bank wire transfer. Using electronic wallets like Neteller and Skrill are processed instantly while the other ways may take 1~2 hours by FBS Financial Department.

Maximum time to deposit or withdraw may take up to 48 hours for electronic wallet and 5~7 business data to process. The minimum deposit differs among the trading account you have opened. For instance, Cent Account has required the initial deposit from $1, and ECN account is $1000.

Deposit

Withdraw

Account Types

Initial deposit, Spread, Order volume and leverage varies among the account type. If you are beginner, you can start deposit as little as $1 with Cent Account with tight spread, and enough leverages to give a shot. If you are an advanced trader with experiences, ECN account is recommended as it offers you a negative spread and trader takes the advantage! 

How to open an account?

1.Click ‘Open Account’ at the top of the webpage.

2.Enter your Email and Full name to register.

3.Or you can choose Facebook, Gmail and Apple ID to register.

5 temporary password is generated. Please Set-up a secure password.

6.Confirm your email address in the mailbox.

7.After clicking the confirmation link, please click proceed.

8.Choose your preferred trading platform: MT4 or MT5.

9.Choose your preferred account currency: USD or EUR.

10.Choose the level of leverage you want and click open account.

11.Your account is registered. Enjoy your trading journey!  

Trading Platforms

FBS Trader

FBS trader is a trading platform that FBS has developed recently,  specialised for mobile users, supporting both iOS and Android version. It is an all-in-one trading platform that enables you to access the global market instantly. The user interface is clean and simple to use and understand the components.

Keynotes:

• Compatible with any iOS and Android devices.
• 50+ forex and other financial instruments to trade
• Real-time statistics are trackable with rapid speed.
• Allows editing order with few clicks.
• Instant deposits and withdrawals via over 100 payment systems.
• Easy to monitor Contract Type, Order Volume, and Current Ask/Bid price
• Offers Take-Profit and Stop-Loss functions.

 

MetaTrader4

MetaTrader4 is an industry-standard trading platform which provides instant access to global markets. It plenty amount of tools to help you analyze and trade in the market. With FBS, you can trade Forex, Metals, and CFDs on oil without requotes or order deviations and leverage up to 1:3000.

Keynotes:

• Mac, Windows, iOS, and Android supported.
• 3 types of charts are available (Candle, Bar, and Line Chart).
• 9 time-frames to monitor the market.
• 50+ technical indicators to analyze.
• Fully customizable interface.
• MetaEditor for EA is ready for you.

 

MetaTrader5

MT5 is the newest version of the trading platform launched in 2010. It has a more function implemented compare to MT4 such as more technical indicators, analytical objects, more specified timeframes with alerts and an economic calendar. FBS offers leverage up to 3000 with 4 different asset classes to trade.

Keynotes:

• Mac, Windows, iOS, and Android supported.
• 38+ technical indicators are implemented.
• 44+ analytical objects are available.
• 21 time-frames and an unlimited number of charts are offered.
• Alerts to remind up-to-date market events.
• Economic calendar and email system.

Analytics & Education

FBS prepared several functions that traders can utilize to help trading decisions. News, market analysis, live broadcast, economic calendar and calculators are ready for you to use for free. In terms of education, all the contents are mainly focused on forex. Guide book, webinars, videos and glossary are available for everyone! 

Market Analytics

• Forex News
• Daily Market Analysis
• Forex TV

Trader Tools

• Economic Calendar
• Forex Calculators
• Currency Converter

Forex Education

• Forex Guidebook
• Forex Books
• Tips for Traders
• Webinars
• Video lessons
• Seminars
• Glossary

Promotion: Quick Start Bonus

FBS is operating a promotion named Quick Start Bonus which offers you $100 for trading financial instruments via FBS Trader, an in-house developed mobile trading platform. There are 7 steps to acquire a $100 bonus.

1.Open a bonus account with $100 in FBS Trader.

2.Go through the key tools.

3.Place your first order.

4.Explore how to manage risks

5.Manage your funds

6.Trade on your own

7.Transfer the profit to a real account in FBS Trader.

Customer Service

FBS is available 24hours a day, 7 days a week. You can ask any questions straight to FBS customer service team. As FBS is customer-orientated broker, they offer 18 languages of support to help out issues you have.

FBS not only support live chat and phone calls, but also provides services across multiple social media platforms like WeChat, Telegram, Facebook chat, WhatsApp, and Line. These are evidence of how much they care about serving the users.

Regulation and Licensing

Accepted Countries

Restricted countries: Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran

Conclusion

FBS is a regulated broker by regulators like CySEc and IFSC.  It charges no fee upon deposit and withdrawal fee which is satisfying. Order execution was fast enough to trade with tight spread. Plus, 24/7 customer support is really rare to see as a broker.

However, FBS has limited trading instruments to trade. 40+ financial instruments on 4 asset classes are a considerably narrow range of choices compare to other brokers. Hence, the educational materials only cover Forex, lacking materials for newbies.

Lastly, the Cent Account requires $1 as the minimum deposit with leverage up to 1:3000 which means you can try with a small fund. If you are a newbie in trading, It is a great opportunity to join FBS broker with the on-going promotion.