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Forex Brokers -FBS Trading Review

FBS Forex Review 

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FBS Total Rating -FxPros.net» Check How FBS Rating was made

FBS GENERAL INFORMATION

Found: FBS was found in 2009

Headquarters: FBS Markets Inc. has offices in Russia

US Residents: FBS does not accept US traders –No-

Islamic Accounts: FBS provide Islamic Accounts (SWAP-Free) –Yes-

Regulated: FBS is regulated by CRFIN (No 009069697)

Web-Site Languages: FBS web-site supports many languages (English, Spanish, Russian, Portuguese, Arabic, Chinese, Korean, Indonesian and many other Asian Languages) 

FBS TRADING INFO SUMMARY


■ Broker Type: ECN /
STP

■ CFD Trading: -Yes-

Platforms: FBS-Trader which is actually a MetaTrader4

Trading Time Zone: GMT+3

■ Demo Account: FBS is providing a Demo Account Yes-

■ Typical Spread EUR/USD: 1.0 pips (no commissions)

■ Leverage: Leverage at FBS is up to 1:1000

Scalping /Hedging: are allowed at FBS Yes-

■ Bonus Policy: FBS offers 60% deposit bonus for all new clients

■ Minimum Account$1 (Cent Account) to $500 (Standard Account)

Visit FBS

FOREX ASSET INDEX


□ FBS is providing 28 popular Forex Currencies (Check Forex assets table below at Spreads & Commissions section).

□ Commodities and Stocks via Futures and CFD contracts

□ Gold and Silver on Spot

 

SPREADS, COMMISSIONS & LEVERAGE

The following slider includes spreads and Swap charges for Unlimited Account type (Immediate orders offset into Currenex ECN system). Press slider to reveal the information:

 

Minimum Spread

Typical Spread

Swap Long

Swap Short

AUDCAD

0.2

3.3

0,51

-0,52

AUDCHF

0.2

2.9

0,77

-0,65

AUDNZD

0.2

5.0

0,07

-0,02

AUDJPY

0.2

2.0

0,72

-0,71

AUDUSD

0.2

1.4

0,65

-0,6

CADCHF

0.2

3.0

0,15

-0,31

CADJPY

0.2

2.5

0,14

-0,32

CHFJPY

0.2

2.1

-0,18

-0,02

EURAUD

0.2

2.6

-1,01

1,1

EURCAD

0.2

4.3

-0,42

0,1

EURCHF

0.2

2.5

0

-0,2

EURGBP

0.2

1.9

0,07

-0,01

EURJPY

0.2

2.3

-0,06

-0,12

EURNZD

0.2

5.5

-1,4

1,25

EURUSD

0.2

1.1

-0,08

-0,11

GBPAUD

0.2

3.4

-1,2

1,21

GBPCHF

0.2

5.0

0,12

-0,21

GBPCAD

0.2

5.8

-0,53

0,18

GBPJPY

0.2

2.8

-0,02

-0,21

GBPUSD

0.2

1.9

0,1

-0,15

NZDCAD

0.2

3.8

0,54

-0,53

NZDCHF

0.2

4.0

0,71

-0,64

NZDJPY

0.2

2.7

0,76

-0,86

NZDUSD

0.2

2.4

0,8

-0,54

USDCAD

0.2

2.0

-0,3

0,23

USDCHF

0.2

1.9

-0,04

-0,1

USDJPY

0.2

1.1

-0,09

-0,1

USDSGD

1

4

-0,02

-0,05

XAUUSD

10

30

-2,01

-1,32

XAGUSD

2

5

-1,56

-1,03

■ EUR/USD spread starts from 0.2 pips on Unlimited accounts

■ 2.0 pips EURUSD spread on Fixed-Spread Accounts

No commissions are charged by FBS

TRADING PLATFORM & MOBILE

FBS TRADING PLATFORM & MOBILE

FBS is offering only MT4

 Scalping and Hedging are allowed at FBS.

Demo account is available at FBS 

■ FBS offer a mobile version of Metatrader4 for iPhone, Android, and Windows Mobile

■ Trading server: GMT+3

 

NEW ACCOUNT INFORMATION

■ The minimum initial deposit required for opening an account on FBS is 1 USD.

■ Account Currencies: EUR, USD

TRADING ACCOUNT TYPES

Here are all the Account Types at FBS:

  Cent Standard Fixed Spread Unlimited
Minimal deposit 1 USD 500 USD
Minimal lot size 0.01 0.1
Max Leverage 1:1000 1:500
Min Spread Floating Spread from 1 pip Floating Spread from 1 pip Fixed Spread from 2 pips Floating Spread from 0.2 pip
Precision pricing 5 digits
Account Currencies USD, EUR
Margin Call / Stop Out levels 40% / 20%
Automated Trading Yes
Scalping / Hedging Yes

► Open New Account

FBS FUND METHODS

FBS Fund Methods:

Credit / Debit Cards

Bank Wire

MoneyBookers

■ WebMoney

■ Neteller

Western Union

■ MoneyGram

■ FasaPay

■ EgoPay

-Additional Fund methods are available

-No withdrawal fees are charged

FBS Review Conclusions:

FBS is an ECN /STP broker owned by FBS Markets Inc. FBS was found in 2009 and has headquarters in Russia. The broker maintains also offices in many Asian countries (Indonesia, Malaysia, China). FBS is regulated by CRFIN (Russia). The asset index contains 28 Forex pairs, CFDs, Futures and Gold and Silver on spot. As concerns trading platforms, FBS offers only MT4 desktop but also MT4 mobile trader for all the popular mobile devices (Android, iOs and Windows). Automated trading, scalping, and hedging are all allowed. The broker offers fair trading conditions. EURUSD spreads start from 0.2 pips but the typical EURUSD spread starts from 1.0 pips. FBS offers also Fixed spreads starting from 2.0 pips (2 pips for EURUSD and 3 pips for GBPUSD and USDJPY). The trading leverage can be up to 1000:1. The minimum deposit to open an account is just $1 while an account may be held in EUR or USD. Many fund methods are available by FBS including Cards (Visa, MasterCard), WebMoney, Wire Transfers, MoneyBookers Skrill, WebMoney, MoneyGram, PerfectMoney, EgoPay, DixiPay, OKPay, Neteller. No deposit or withdrawal commissions are charged by FBS. There are four main account types available (check table above) but true ECN execution seems to appear only in the Unlimited Account type as this account offset directly into the Currenex ECN system. As concerns innovation, FBS provide a pretty unique deposit insurance system (a fee is paid in order the broker to cover part of the potential loss). They also provide a number of contests and free tools. The Fx-Bazooka for example which operates as an information center between Forex traders. The customer service is 24/5 available via Chat, Phone, eMail and Forum. The broker at the time of this review offers 60% deposit bonus.

► FBS Accounts

FBS REVIEW PROS & CONS (According to competition)

FBS REVIEW CONCLUSIONS

FBS PROS

FBS CONS

√ ECN Trading (Unlimited Account Type)

√ Fair trading spreads and no commissions charged

/ 28 Forex Currencies plus Futures and CFDs

√ Segregated Client Bank Accounts

√ Automated Trading and Scalping

√ Many Promotions including Demo Contest

√ 60% deposit bonus (at the time of the review)

X Regulated only by CRFIN Russia

X Only MT4 platform available

 

Visit FBS Broker

 

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FBS Review

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