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.
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 Markets 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 IC Markets
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.
What Leverage FBS offer?
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.
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, FBS is a viable online trading solution that’s suitable for nearly every type of trader.
Risk Warning: “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”
This review has been conducted independ- ently. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision. FBS IB number: 482260