FBS Review 2020

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FBS Review 2020

Regulated By: CySEC, IFSC

Foundation Year : 2009

Your capital is at risk

Latest Tweets by @FBS_news

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FBS Review

Leverage: 1:30

Regulation: CySEC

Min. Deposit: 10 EUR

HQ: Cyprus

Platforms: MT4, MT5

Found in: 2009

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    2 place in the ranking!

FBS Broker Licenses:

Tradestone Limited -authorized by CySEC (Cyprus) registration no. 353534

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With numerous brokerage firms and trading offerings presented nowadays its crucial to choose the most reliable company, as well the one that suits your trading needs. For this reason, we assist in choices by reviewing brokers and checking information in a detail, to support selection and here is FBS Review among others.

What is FBS?

FBS was founded as an international broker that serve clients from over 190 countries since 2009 shows its excellence by numerous prestigious awards and cutting-edge technologies on the Forex Market. Lately, FBS became also a Cyprus Broker, expanding its service to a European population for both newbie and professional traders with useful tools and fully regulated trading service.

As for the trading service itself, FBS brings transparent conditions for trading by the use of popular instruments including Forex, Metals and all connected by split-second execution through the STP model. Also, FBS invests in technology making a trading process smooth and more convenient accompanied by the powerful execution and unparalleled customer service FBS provides. Also, there are numerous educational materials and programs organized to enhance your trading capabilities and of course to recognize the importance of knowledge in markets.

Overall, for the year of operation FBS received over 40 international awards as recognize them as Transparent Broker with Best Customer Service and some of the most rewarded Brands worldwide.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is FBS safe or a scam?

FBS is a brand name used by the Tradestone Limited, which is a Cyprus registered company, EU and MiFID regulated investment firm registered with CySEC. Additional entity of FBS is located in the Marshall Islands and Belize, which are offshore zones that do not really prove its reliable status on its own. Yet, together with regulation from European CySEC it makes FBS a broker which compliant to regulatory requirements and therefore offers reliable trading conditions.

Therefore and because of its obtained license compliance to MiFID directive, there are strict rules towards money protection while FBS keeps traders funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities y Negative Balance protection. In addition, being a Cyprus Investment Firm FBS falls under the Compensation Scheme, which protects the client’s investments in case of the broker’s insolvency issue.

FBS Trading Platforms

As the majority of STP and technology-based brokers, FBS mainstays at the high industry and provides a powerful platform to execute orders, through the market leader – MetaTrader4. A solid platform delivers a wealth of features, advanced charting and customization along with auto-trading capabilities while available for PC or MAC, Android or iOS devices making it available at anytime or anywhere.

In addition to the progressive functions of the MT4, you can enjoy daily technical and fundamental analysis data that is streamed into the news section. Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and even trade with VPS service support.

Moreover, in case you will be trading with the international entity of FBS you will be offered also to use upgraded version MetaTrader5. This platform stands even more high in terms of its capabilities, progressive features and vast opportunities on trading.

FBS Costs and Accounts

The account types at FBS offer both demo and live trading accounts that give exactly what you may look for, regardless of the level of the experience. While opening an account you may choose between Standard Account and Cent Account, which is a perfect option for the beginners due to its much lower requirements and risks involved.

FBS Spread

Since there are two account types, so you will have an option either to trade with Standard spread starting from 1 pip, or while trading with Cent account be offered with tight spread. Thus, typical spread on Standard account for EUR/USD pair is 0.9, and Cent Account EUR/USD spread is 3 pips. You may see below more examples of some spreads and conditions on rollover below, as well compare FBS fees to another broker Exness.

FBS Overnight fee

Also, you should always count on the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio, which you may see as example above or check directly from the platform.

FBS Leverage

Obviously, leverage levels increase your trading size by its possibility to multiply initial balance bringing vast opportunities to higher gains. As usual, offered leverage depending on some factors including your level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions. Therefore, trading with European entity you may maximum use 1:30 leverage for major currency pairs, while Marshall Islands FBS may offer high leverage ratios up to almost fantastic 1:1000. Yet, always make sure to learn how to use leverage smartly in order not to only gain, but to reduce the risks of losing money rapidly.

FBS Payment Methods

So in order to transfer into live trading you should obviously deposit money, while FBS offers a range of the most used and convenient payment options. This includes major cards Visa and MasterCard, e-wallets Neteller and Skrill along with Wire transfers.

FBS minimum deposit

As for the minimum deposit amount, FBS allows trading through Cent account only with 10$ at the very beginning, which is a fantastic option for beginning traders. Standard Account yet demands only 100$ initial deposit so experienced traders may find their way with relatively small amounts too.

FBS withdrawal fee

Also, what is more great FBS offers 0$ fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, also depending on your country of origin.

Conclusion on FBS

FBS review presents a brokerage company, which relies on the fair trading services and brings opportunity to every trader no matter the level of expertise or even size of investments. The range of account types, platforms along with advanced tools and convenient customer supports enables it all becomes true. While the trading costs are among the average as well, while there is no any misunderstanding due to the company Market execution model as an STP Broker.

Overall, the FBS option is nice to consider and good to have. Yet, we would be glad to hear your personal opinion about FBS, so you may add a comment below or ask for additional info if needed.

No review found.

On the last days of October 28-29, the FBS Team took honor to be an official sponsor of the Egypt Investment Expo 2020, which is one of the influential expos of the region featured by the financial enthusiast. Together with its usual Expo program of Egypt Investment Expo, which is an annual event that focuses.

FC Barcelona and FBS signed a new global partnership agreement, whereby the broker specializing in Forex trading is to become the soccer club’s Official Trading Partner for the next four years, through 30 June 2024. This partnership will be a boost to Barça’s global commercial strategy, as part of the consolidation of its international expansion.

Which broker is the best forex broker?

BRKV – FBS is rising as one of the best forex brokers for the Asian regions in 2020, especially in Thailand and Indonesia. So, today I will give an FBS review for new traders who are still struggling to find themselves a suitable forex broker. FBS was founded in 2009. They allow traders to trade up to 35 currency pairs, 4 precious metals, 2 CFD, and cryptocurrencies.

When finding the best brokers, we need to have standards to rate them. These standards are the fundamentals that any brokers who want to become the best should meet. Those are:

Trustworthy Trading costs Trading conditions Local services
Regulations Low spread Good quotes Payment system
Historical activities Low commission Trading platforms Local offices
Low slippages Availability
Good rebate / bonus
Low swap

Now, let’s have an FBS review based on the standards mentioned above. Also, I will compare some aspects of this broker to the top brokers such as Exness or XM.

Credibility of FBS review

When it comes to credibility, of course I’m talking about regulations. The first and foremost factor used to judge a broker is their regulations. Regulations are the licenses that trusted financial organizations give to a broker to manage that broker. Regulation is the thing that makes sure a broker has to follow a certain set of rules to guarantee traders’ safety. Only big forex brokers can meet the demands of those regulations. FBS is regulated by CySEC and IFSC , two of the most trusted regulations. So you can rest assured that you are in safe hands.

Speaking of regulations, there is one thing I think I need forex traders to understand. Some new traders tend to think that the broker who has more regulations is better than those who have less. This is actually a wrong idea. Having many regulations doesn’t mean that broker is better in term of trading. There are two scenarios here. If your country already has a regulation, you should work with broker who has that regulation. You won’t need any other regulations from elsewhere. Your own country’s regulation is enough. FBS has IFSC, a South African regulation, so traders in South Africa can be safe when trading with FBS. On the other hand, if your country does not have a regulation, like most Asian countries, you should trade with brokers who have at least one trusted regulation, FBS in this case is CySEC. Too many regulations will only put more limits on the broker. Regulation is just a signal that lets us know that this broker is decent, reliable, and safe to trade with. A broker only need one trusted regulation.

Trading costs of FBS review

Spread of FBS review

Most traders would love to do business with a low-spread broker. Spread is the difference between the Ask price and the Bid price of a currency pair. The spread of FBS is only from 0.2 to 1.1 pip which is in the top low spread brokers . And it’s spreads are much lower than XM, FXTM, FXCM. CHECK FBS SPREAD -> HERE.

Commission of FBS review

Some brokers charge commissions for income, so does FBS. Based on the type of account, FBS has different commission rates. For the Cent and Standard accounts, there is no commission. CHECK FBS COMMISSION RATE -> HERE.

Bonuses of FBS review

FBS offers many types of bonuses like deposit bonus, welcome bonus, or loyalty program. They have a bonus with the highest rate ever, up to $100. Their deposit bonus gives back trader 100% of the deposit amount. Also, there is the cashback program, which rebate you $7 for every lot traded. Right now, they are having the $50 bonus. You just need to sign up and $50 will be transferred to your account immediately. CHECK FBS BONUSES -> HERE.

Trading conditions of FBS review

Account types of FBS review

BRKV – FBS offers traders 4 different types of account, which are the regular accounts (Cent account, Standard account, and Fixed Spread account) and the ECN account. Each account type has its own features that are suitable for different types of traders.

Cent account: This is the account for beginners or new traders. Why so? The required deposit is only $1. When you first start trading, you don’t want to put too much money in it because 90% of new brokers lose everything when they begin trading. With only $10, I think you can practice trading in real-life conditions for up to 3 months. The spread is relatively low, only around 1 pip. The order volume is from down to 0.01 lot Cent up to 1000 lots. The lower the better because that way you won’t lose too much money. And even better, this type of account does not charge any commission, so you can trade as much as you want without costing a penny.


Standard account: Traders with a bit more experience will trade with this account. The minimum deposit is average, at about $100. The spread is better, only around 0.5 pip. The leverage is up to 1:3000, which is pretty high. Higher leverage is better. XM’s standard account leverage is only 1:888. The order volume is from 0.01 to 500 lots. And just like Cent account, this account is commission free, which is amazing.

Fixed Spread account: It is also called Zero Spread account. You can tell it by the name. This type of account has no spread. Instead, it charges traders $20 for commission. This is understandable because spread is main income of brokers. If the spread is zero, the broker must charge commission. The minimum deposit for this acco unt is $500. The other features are the same as Standard account like the leverage and the order volume.

ECN account: This is the account for experts and long-term traders. The minimum deposit required is $1000, which is pretty high, but the commission are much lower than other brokers ($6). Actually, this commission rate is just as low as that of Exness and XM, which is $5 and $6 respectively.


Payment system of FBS review

I’m sure that some US or UK brokers are very good in their country, but overseas, they are relatively bad, especially in Asian countries like Thailand or Indonesia. In Asia, if traders deposit by their credit cards, their banks will charge them from 1.7 to 4% of their total fund. Having a profit rate at 5% monthly is hard enough and now they have to pay 4% just for depositing? I don’t think so. That’s why it is not wise for Thai traders to trade with those US and UK brokers. Therefore, choosing brokers who can offer local payment systems is very important. FBS is great in this field. They offer depositing and withdrawing through almost all local banks and e-wallets in Asian countries. Furthermore, what makes FBS really wonderful is their transferring speed. They only come second to Exness , the fastest in the market. Transactions at FBS only take from half to an hour to complete through banks, while other brokers can waste you hours or even days.

Customer support of FBS review

Customer care is vital in this forex field, because forex is a very complicated subject. Traders are constantly need as much help and support from brokers as possible. That’s why how a broker assist its clients is a standard to evaluate it. FBS supporting team is fantastic in my opinion. They can support clients in English 24/7 on live chat. You can even tell them to call you back. That can show how dedicated they are to customers. For non-English speakers, they have offices in Indonesia, Malaysia, Egypt, Thailand, China, Korea and Myanmar that are always ready to help customers 5 days a week.

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