FBS is a brokerage company with headquarters in Belize. They were founded in 2009 and have been growing ever since. We noticed that they have many faithful clients who have been trading with them for several years now, so we decided to make a little inquiry on what attracts these clients the most. In this “Is FBS a Scam” analysis you can check out the broker’s security, their support team and the ways you can handle monetary transactions. Keep reading our text and you’ll find out everything you need to know about them!
Is FBS a Scam? | Regulation and Support
The very first thing we want to discuss here in our “Is FBS a Scam?” analysis is the regulation. As we’ve already mentioned in our FBS Review 2017, this broker is regulated by the International Financial Services Commission from Belize. This means that FBS has to comply with strict monetary rules, so you can be completely sure that everything they do is completely legit. Since Belize is a developing center for international financial services, they’ll definitely provide high-quality regulation and protection.
Apart from that, the broker is subject to the International Money Laundering Abatement and Anti-Terrorist Financing and regulations based on that legislation. These regulations minimize the chances of money laundering activities, which is another proof of the fact that FBS really is legit.
Although we presume that you won’t be needing too much help from the broker’s support team, we’d like to emphasize that they are a reliable partner. There are various ways you can contact them and the easiest one is to ask a question on FBS live chat. We’ve tried this many times and they always answered us in a matter of seconds. If there’s a more complicated issue that needs to be resolved, you can always send an email.
Is FBS a Scam? | Monetary Transactions and Accounts
The way monetary transactions work on this website is also something you should definitely be aware of when it comes to choosing your broker. This is something most people think of when they ask is FBS a scam. Fortunately, the broker has done everything to make these processes as simple as possible. You can make your deposit in just a few moments using many different methods. You can choose between credit and debit cards, e-wallets and many local payment options. We’ve tested all of these options out and can conclude that all of them work perfectly. The same goes for withdrawals – you can reach your money in just a few clicks. As for the accounts, you can choose between several of them. The most basic package costs only 1 USD, so we can say that FBS allows literally everyone to start their business career. We’re sure you’ll find an account that’ll have everything you need because no matter where you look you will find absolutely no traces of FBS scam, only quality service.
Is FBS a Scam? | Conclusion
We are very happy to say that the answer to the question “Is FBS a scam?” is definitely no. When you open an account with this company you can just relax and trade – they’ll do the rest. They are a regulated broker with an exceptional support team and wide variety of accounts you can choose between which allow you to start trading for only 1 USD. With all that in mind, we think you should definitely choose FBS as your broker!
FBS is a forex brokerage company that was founded back in 2009. Their head office is located in Belize, but they provide brokerage services to clients from all around the world. As we’ve learned from some people who’ve been trading with them for a while, they seem to be pretty good at it. According to them, with FBS you trade with best trading tools, you can always rely on their technical support, monetary transactions can be done very easily and they always have some nice promotions, too. Apart from that, they’re a regulated company, which means they always operate in strict accordance with all laws and regulations.
Since they have such a good reputation among forex traders, we decided to open an account in order to see what they really offer. This comprehensive and unbiased analysis is the result of our firsthand experience. Read our FBS review and learn everything you need to know!
FBS Review | Login and Transactions
It’s never been this easy to begin a trading career. With this company you really can start trading in just a couple of clicks. The procedure of FBS login is among the simplest we’ve ever seen and it won’t take you more than a few moments to fill out the application form. All you have to do is share some basic information about yourself, such as your full name and email address. After that, you have to choose the currency you’d like to use in trading (you can choose between euros and American dollars) and the type of account you prefer most (more on accounts you can read in the next paragraph of this FBS review).
As you know, in order to earn some money, first you have to make a deposit. FBS provides you with the best possible monetary service, meaning all transactions can be done quickly and with ease. There are numerous options you can choose to make an FBS deposit: credit/debit cards (Visa, MasterCard) and various e-wallets (Skrill, Neteller and so on), but there are also many local payment options as well (FBS Local Depo Malaysia or FBS Philippines, just to name some of them). At this point of our FBS review we absolutely have to mention that the FBS minimum deposit is only $1, which is definitely among the lowest requirements in the world.
As for FBS withdrawals, they are also very simple and quick. Keep in mind, though, that the method you used to deposit will also be used for withdrawal. In most cases, an FBS withdrawal should be done in 20 minutes, but sometimes it can be maximum 48 hours. Let’s now check out the accounts you can choose between once you make your first deposit! FBS review continues!
FBS Review | Accounts Types
As we’ve already mentioned, the minimum FBS deposit is set to only $1. For that amount you can get the simplest account there is – the Cent account. You can guess from the name that with this account you’re dealing with cents.. We think this is a great opportunity for those who don’t have too much experience in trading: with the Cent Account you can practice as much as you like with extremely small investments. Then there’s another FBS account type affordable to anyone – the Micro Account. It requires only $5 and can also be a great way to upgrade your trading skills. The third account we’ll mention here in our FBS review is the Standard Account. To open it, you will need only $100, which is still very cheap in the context of the industry. For only $100 you’ll get incredible 1:3000 leverage and the possibility of opening 200 positions at once! You can also choose the Zero Spread Account (with fixed spread at 0 pip) and Unlimited Account, both of which require $500. If you deposit $1000, however, you can get FBS’s ECN account that provides you with direct access to other participants in the currency market.
If you’re a more experienced trader, you can always become an FBS VIP member. For $10000 you get priority in processing deposit and withdrawal requests, personal consultations with your manager and gifts on special occasions. And if you’re a Muslim, you can open a special swap-free account (also known as FBS Islamic Account).
In the next part of our FBS review we take a look at the trading platforms this broker offers, so stay with us!
In the world of foreign exchange trading, MetaTrader platforms have become a standard. The newest version of this platform is called MetaTrader 5, but many brokers have decided to stick to the previous version, MetaTrader 4. These are the two FBS trading platforms you can choose between on this website.
Millions of traders from all over the world use MetaTrader 4 in order to trade forex. Indeed, this FBS platform offers pretty much everything you need to trade successfully. There are numerous analytical tools that can help you predict market movements, especially if you’re into short-term trading. Trading signals you receive will help you react on time and intuitive design will make you adapt to trading environment in no time. There’s also an option of robot trading in case you can’t trade by yourself and many more perks that you need to discover by yourself.
MetaTrader 5 has an interface similar to that of MetaTrader 4, but there are some notable differences. In a nutshell, we can say that MetaTrader 5 is better if you like to trade stocks and commodities. On both platforms you’ll have more than 40 tools, low spreads, 50 indicators and charting tools, micro lot accounts and so on. In other words, you’ll be fully equipped for your first trading experience. And whatever you choose, with these FBS trading platforms you simply can’t make a wrong decision!
FBS Review | General Trading Conditions
In this part of our FBS review, we’ll talk about general trading conditions on this website. First of all, let’s mention the speed of execution. We all know that the forex market is extremely dynamic and that prices can change in a second. That’s why it’s important to have a broker that’ll provide you with the best processing time possible. With FBS, 95% of orders are executed within 0.4 second, which is absolutely amazing. That average cannot be compared to any other in the industry. In other words, with FBS you’ll never be too late to trade.
Another important element we’d like to present in this paragraph of our FBS review is the leverage. Leverage enables you to control more money than you invested in the first place, and many brokers have fixed leverage levels. FBS leverage depends on the type account you choose, but it can be from 1:500 to 1:3000. These numbers are great, especially if we have in mind that the deposit requirements for FBS’s accounts are pretty low. Also, leverage of 1:3000 can’t be found at anywhere else, so we think this is an opportunity you simply can’t afford to miss.
Besides having an excellent leverage policy, FBS also has very tight spreads that will definitely increase your profit. They can be floating (starting from 0.2 pips) or fixed, but with some accounts you can even trade without spreads. To conclude, FBS offers best trading environment and you definitely won’t regret if you open an account. But we’re still not done -we’ll talk about options for extremely dynamic traders next! Keep reading!
We’ve already stated that the foreign exchange market is quite dynamic and that it’s very important to react on time. That’s why in our previous paragraph we’ve talked about the speed of execution. But what should you do when you’re simply not in position to react (for example, you’re not in front of your computer)?
Well, FBS has a solution for this, too. This broker will provide you with most dynamic type of trading there is – mobile trading. Both of their trading platforms, MetaTrader 4 and MetaTrader 5, are available for download for iOS (Apple Store) and Android (Google Play) as an FBS app. And the best thing is – they’re completely free! With these applications you can trade anytime you want and the feeling we’ll be as if you were sitting in front of your personal computer or laptop. Applications have all the tools and options the desktop platforms offer, they’re very quick in processing requests and they have no bugs!
Another useful thing we’d like to mention is the FBS demo account. If you’re still not completely sure if you’d like to open an account with FBS, you can always take a demo trial. Demo is available for every trading account and you can practice as much as you like. It’s completely free and there are even some bonuses you can get without investing any money. We’ll explain that in the next part of FBS review, so don’t go away!
FBS Review | Bonus and Promotions
Bonuses are becoming more and more popular in the world of foreign exchange. If we keep in mind that there are more and more brokers offering their services to clients, this makes a lot of sense. Like in other segments of trading, FBS is a leader when it comes to bonus policies, too. They offer some very interesting bonus options and promotions, many of which you definitely won’t find on any other website.
Let’s start with one very special bonus called FBS no deposit bonus. This means, logically, that there’re no deposit requirements you need to fulfill to get it. You have to open a special bonus account and you’ll be rewarded with the bonus of 123$! This bonus lasts for 7 calendar days. When this period is over your account balance will be zeroed, your bonus will be canceled and your profit will be recorded in the “Bonus $123” section of your personal area. At the beginning of every month you can withdraw your profit from your bonus funds as many lots you’ve traded during the previous month (if you had 50 lots, you can withdraw 150$).
On top of that, there’s a bonus you can get right after you open an account with FBS. More precisely, when you open an account you will receive a 100% FBS welcome bonus. All you have to do is to fund your account and that’s about it.
There’re also some bonuses that are reserved for the broker’s partners only. If you would like to find out how to become one of FBS’s partners check out the next paragraph of our FBS review!
Another great way to earn some extra money with FBS is the broker’s competition called FBS Pro. The concept of the competition is quite simple: traders trade on demo accounts and they can earn up to 450$. If you want to participate in this competition you have to register your contest demo account. You’ll receive a demo account with a balance of 10000$ and leverage of 1:1000.
In addition, the broker has some cool gifts that they give out to their traders as a part of their loyalty program and many more things you’ll discover once you become a member of FBS’s family. FBS has an offer for everyone: professionals, partners and beginners. And if you’re a newcomer in the field of forex trading, you’ll definitely be interested in our next paragraph!
FBS Review | Education
When it comes to forex, you should definitely inform yourself about the field you’re about to enter before risking any real money in trading. Like in any other line of work, you just have to know what you’re doing. If you still don’t know a thing about the forex market, you don’t have to look around in order to find some good educational materials. At FBS’s site you’ll find everything you need in one place.
FBS’s educational team developed their own educational center in order to provide their clients with best service possible. First of all, they’ve prepared a comprehensive forex course in the form of a guidebook. It has 4 levels: beginner, elementary, intermediate and experienced. If you’re a beginner, this course will teach you basics about forex, currency quotes and buy/sell currency pairs. If you already have some experience, you might be interested in lectures about breakouts (intermediate) or risk management (experienced).
Moreover, at the FBS’s site you can find some valuable trading tips designed to improve your trading skills. The topics such as ‘Scalping Strategies’ and ‘The Elliott Wave Principle’ will definitely help you improve your trading. Also, you can always participate in free FBS webinars or even seminars that are organized by the broker’s staff.
Before we proceed to our conclusion, we have two more things to underline. One has to do with the broker’s safety in general. We’d like to underline that FBS is a regulated broker. This is quite important in the world of forex because regulation is the only way you can be 100% sure that a company is legit. Fortunately, this broker is regulated by the International Financial Service Commission (IFSC) from Belize. If you’re interested in more details about safety, you can always check out our Is FBS a Scam? analysis.
Another thing we’d like to mention is the support team. This is a very important part of every broker’s offer – if they do their job right, clients we’ll be even more satisfied. We’re happy to say that FBS’s support team is a well educated group of people who can solve any possible issue. We’ve tested them a couple of times and they always performed great.
FBS Review | Conclusion
In this in-depth article on the broker called FBS, in our conclusion we’ll repeat the most important things you should definitely keep in mind when considering them as your potential partner. Let’s start with the very first thing you’ll need to do in order to trade – login. The login process is very simple and it won’t take you more than a few moments. Your initial deposit can also be made very simply and quickly. There are many ways you can choose between to fund your account – credit cards, e-wallets etc. Best of all the minimum deposit is only 1$ (the amount of Cent Account), meaning anyone can open an account with FBS. As for the account types, there’s a very versatile offer here, so you’ll definitely find something for yourself.
The trading environment which broker provides is simply excellent. You can choose between MetaTrader 4 and MetaTrader 5 and both of them come as an app. Furthermore, the bonus policy is also great, with loads of unique prizes and perks. All in all, we think this broker is perfect for beginning one’s trading career. Open an account and see for yourself!