You will find FBS Customer Support available 24/7 accessible either through live chat, international phone lines, email or even social media. In the EU the same spread is 0.7 pips with both the Standard and Cent accounts. Our review was pleased to see competitive spreads with the Zero and ECN accounts. FBS represents a brokerage company, which relies on fair-trading services and brings an opportunity to every trader no matter the level of expertise or even the size of investments. At the FBS learning centre, you will find a range of Webinars, Forex Guidebooks, numerous Tips for traders, Video Lessons with Glossary materials.

What is FBS’ mission as a trading platform?

Changing your base currency later can be complex, and may result in currency conversion fees for future deposits and withdrawals. Our FBS broker review has shown that this is a regulated and safe broker that is very competitive in terms of its trading fees. The broker is trustworthy and credible as shown by the fact that 17 million people have chosen FBS to be their broker of choice globally. This includes all the major and minor forex currency pairs and exotic pairs such as USD/ZAR (South African Rand) and EUR/TRY (Turkish Lira). You can also diversify your portfolio with commodities like Brent and WTI crude oil, precious metals, and stock indices are available. This platform allows you to manage your account and trade whilst on the move.

• He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
• Beginners can start with a USD 5 entry, while experienced traders often choose the Standard Account for more features.
• The FBS Markets Inc. firm, overseen by the IFSC of Belize, does not provide the same level of protection.
• Once you have selected your preferred signup method, you will need to select the MetaTrader version (4 or 5) and the base currency for your account (USD or EUR).
• Withdrawal options are the same as deposit options and Forex traders are required to request a withdrawal with the same method the deposit was conducted.

My Personal Experience with FBS

These include wire transfers, debit cards (Visa, Mastercard), and popular e-wallets like Skrill, Sticpay, and Neteller. Once confident in my trading strategies, I was able to seamlessly transition to a live account from the client dashboard. To safeguard client investments, the broker employs strict account segregation. Client funds are held in separate accounts, insulated from the broker’s operational risks, and their safety is ensured under various circumstances. With a VPS server, traders can configure advisors for round-the-clock trading. This particularly benefits those using automated trading systems or following strategies requiring constant market monitoring.

How to Open an Account with FBS

As soon as your account is validated, you receive a confirmation email and can proceed to make your first deposit. You then need to upload a copy of your government-issued ID (such as a passport or driver’s license) and a proof of address (bank statement or utility bill). As part of anti-money laundering compliance, a short regulatory questionnaire about your trading background and financial experience is also required.

“It’s pretty good for trading on Gold (XAU) using EA”

As we go deeper into this FBS broker review and look into areas like trading fees, regulations, and platform features – we’ll see that FBS checks several boxes in terms of services and credibility. However, advanced traders seeking highly customizable platforms might prefer MetaTrader over the proprietary app. These tools, though simplified compared to desktop platforms like MetaTrader, are sufficient for most mobile traders looking to conduct quick analyses.

• Leverage allows traders to control large positions with small initial deposits, maximizing profit opportunities.
• Trusted by traders across the globe, FBS allows you to trade a wide range of currencies, commodities, and indices.
• FBS provides a secure, commission-free transaction system with rapid processing and a variety of payment methods.
• If you’re more experienced, however, our broker review is still worth reading.
• It is important to ask about regulation when it comes to brokers, so is FBS regulated?

The FBS platform offers trading of popular coins such as BTC, ETH, LTC, and XRP in differing currencies. As seen in the FBS broker review, these cryptocurrencies and other equities are accessible even in the mobile app. FBS offers a wide array of trading instruments, allowing you to diversify your portfolio across multiple markets. Whether you’re interested in Forex, stocks, energies, indices, or metals, FBS provides competitive conditions to help you excel.

Trade Stocks

In terms of Metals, clients are able to trade the typical Gold and Silver, and then for Energies, their assets list lets you trade Brent Crude Oil, Natural Gash, and WTI Crude Oil. Financial authorities will regulate reliable and safe fbs broker reviews brokers, and these authorities will differ depending on what region the broker does business in. Moreover, a broker can have entities in various regions it trades under, and each of these needs to be regulated by the proper authority. By the end of this review, you should be able to decide whether you should invest with FBS or look for a better choice. We have put the respected broker through our standards to give you a clear answer. The broker’s wide regulatory footprint allows it to offer tailored services while still maintaining a degree of client fund safety in more stringent jurisdictions.

Trusted by traders across the globe, FBS allows you to trade a wide range of currencies, commodities, and indices. The broker also offers two account types, fair trading fees, and strong regulation. To evaluate brokers, we test the accounts, trading tools and services provided.

The applicant can now choose to Deposit Funds or proceed to the client area. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Opening an account with FBS isn’t a very complicated process, as you will be guided through simple steps, which are the following. To sum up, the FBS education section is quite sustainable and well organized, providing in-depth knowledge on the market and guiding their client to success. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.

Customer reviews

This regulatory framework is designed to combat money laundering, promote fair trading practices, and adhere to international financial standards. Transactions are processed promptly, with instant deposits and withdrawals using secure systems. This ensures that you have uninterrupted access to your funds.

Clients can get it on both Android and iOS devices, which makes the app more accessible. FBS fee structure first of all depends on the entity traded as we find some differences in fees and offered spreads based on entity conditions. Then other conditions such as the account type and the asset class traded are important to consider for fee structure too. Below you can see the overview of FBS’s costs reviewed, covering elements like spreads, commissions, swap fees, etc.

Additionally, indices trading at FBS equips you with powerful tools, tight spreads, and expert analysis, allowing you to trade global indices with precision. Each account type supports all trading strategies, including the use of Expert Advisors (EA), ensuring flexibility and adaptability for diverse trading styles. The positives of regulation compliance, platform features, and customer service appear to outweigh most limitations as per existing trader feedback.