FBS Forex Review

 

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FBS GENERAL INFORMATION

■ Foundation: FBS was founded in 2009

■ Headquarters: FBS Markets Inc. has offices in Cyprus

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

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

■ Regulated: FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC -331/17)

■ Website Languages: FBS website 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-Traders, which are actually a MetaTrader4 and a MetaTrader5

■ 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: allowed at FBS –Yes-

■ Bonus Policy: FBS offers 6a 0% deposit bonus for all new clients

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

 

💱 FOREX ASSET INDEX

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

□ Commodities and Stocks via Futures and CFD contracts

□ Gold and Silver on Spot

 

SPREADS, COMMISSIONS & TRADING LEVERAGE

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

Forex Pair	Typical Spread
AUDCAD	3.3
AUDCHF	2.9
AUDNZD	5.0
AUDJPY	2.0
AUDUSD	1.4
CADCHF	3.0
CADJPY	2.5
CHFJPY	2.1
EURAUD	2.6
EURCAD	4.3
EURCHF	2.5
EURGBP	1.9
EURJPY	2.3
EURNZD	5.5
EURUSD	1.1
GBPAUD	3.4
GBPCHF	5.0
GBPCAD	5.8
GBPJPY	2.8
GBPUSD	1.9
NZDCAD	3.8
NZDCHF	4.0
NZDJPY	2.7
NZDUSD	2.4
USDCAD	2.0
USDCHF	1.9
USDJPY	1.1
USDSGD	4
XAUUSD	30
XAGUSD	5

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

■ 2.0 pips EURUSD spread on Fixed-Spread Accounts

■ FBS charges no commissions

TRADING PLATFORM & MOBILE

 

FBS TRADING PLATFORM & MOBILE

■ FBS is offering MT4 and MT5

■ Scalping and Hedging are allowed at FBS.

■ Demo account is available at FBS

■ FBS offers 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:

FBS Fund Methods:

■ Credit/Debit Cards, Bank Wire, Skrill, WebMoney, Neteller, Western Union, MoneyGram, FasaPay, and EgoPay

-Additional Fund methods are available

-No withdrawal fees are charged

 

 

🏁 FBS Review Conclusions:

Founded in 2009 and owned by FBS Markets Inc, the broker is headquartered in Cyprus and has offices in several Asian countries, including Indonesia, Malaysia, and China. FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker's asset index includes 28 Forex pairs, CFDs, futures, and spot trading in Gold and Silver.

FBS offers MT4 and MT5 desktop platforms, as well as MT4 mobile apps for Android, iOS, and Windows devices. Automated trading, scalping, and hedging are fully allowed. Trading conditions are fair, with EURUSD spreads starting from 0.2 pips, while the typical spread is around 1.0 pip. Fixed spreads are also available, starting from 2.0 pips — for example, 2 pips for EURUSD and 3 pips for GBPUSD and USDJPY. Leverage can go up to 1000:1.

The minimum deposit to open an account is just $1, and accounts can be held in EUR or USD. FBS supports a wide range of funding methods, including Visa, MasterCard, WebMoney, Skrill, Wire Transfer, MoneyGram, PerfectMoney, EgoPay, DixiPay, OKPay, and Neteller. There are no deposit or withdrawal fees. The broker offers four main account types, but true ECN execution appears to be available only through the Unlimited Account, which is connected to the Currenex ECN system.

FBS also offers some unique features, including a deposit insurance system (a fee-based service covering part of a potential loss), various trading contests, and free tools. One such tool, Fx-Bazooka, acts as an information hub for Forex traders. Customer support is available 24/5 via chat, phone, email, and forum. At the time of this review, FBS offers a 60% deposit bonus.

 

⚖️ FBS REVIEW PROS & CONS (According to competition)

FBS REVIEW CONCLUSIONS

FBS CONS

X Expensive Trading Spreads X Lack of Regulation X Not Ideal for Advanced Traders

 

🔗 Website: » FBS.com

 

 

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