Target audience: All the people wanting to get informed about forex trading and FBS Review.
FBS — What is it?
FBS is an international broker renowned for offering access to Forex, CFDs, futures, and options trading. It was launched in 2009 and has become the most popular broker in Asia, servicing traders worldwide. It enables its customers to trade on the large variety of financial markets with up to 1:2000 leverage. In addition, it offers well-crafted and comprehensive educational materials and state-of-the-art trading tools. Many traders repeatedly praise FBS for its excellent customer support.
FBS Pros and Cons
FBS offers an abundance of advantages for traders looking for a reliable broker. Some of its advantages include the most competitive spreads, fast order executions, cutting-edge trading conditions, personal account management, low deposits and withdrawals fees, super-fast withdrawals, trust-worthy customer support, automated trading, and a wide range of other features. Moreover, all traders can use its advanced trading platform, which has been optimized for both desktop and mobile devices.
However, some cons should be considered as well. First, although FBS offers trading in a variety of financial markets, its services are limited in some countries such as USA. Secondly, its customer support is only available by email and live chat, so the response times can be slow.
Minimum Deposit and Fees
The minimum deposit is different on each account type, the lowest being $1 for a micro account and $100 for a standard account. Moreover, FBS offers a free demo account with unlimited virtual funds and no expiration date for those who want to practice trading without risking their own capital.
Different types of fees are present as well. Withdrawal fees are applicable to all major credit cards and deposit methods, and can go up to 2%. Withdrawals usually take 1-3 business day to complete, depending on the method. Additionally, account inactivity fees can occur. Inactive accounts with no transactions within 90 days are subject to a fee of 50$.
Leverage and Withdrawal Options
FBS supports up to 1:2000 leverage for certain accounts. However, it is important to note that leverage carries high risks and may not be suitable for all traders, so it is important to use caution.
In regards to withdrawal options, FBS offers various methods such as bank wire transfer, major credit/debit cards, as well as multiple popular e-wallet companies. Furthermore, FBS offers support for its customers around the clock through email and live chat. All customers can trust FBS as its operations are fully regulated.
Overall, FBS is a solid option for Forex, CFDs, futures, and options traders looking for reliable brokers. Its wide range of features, competitive spreads, low fees, and support make it an ideal broker for all types of traders. With its top-notch trading technology and customer support, traders can expect a great trading experience with them.
FBS – Review Overview
FBS is an international forex company, which has been providing online trading services since 2009. They have a global reach with over 190 countries, and are trusted by more than 15,000 clients world wide. FBS is renowned for providing its clients with top-tier customer service and high-level security protocols. The company holds various awards as the Best Customer Service Broker Asia 2016–2017 and for their Innovative Performance of a Billion Dollar Company 2012. FBS rating stands at 4.67 stars from 18 reviews, showing that most customers are generally satisfied with their purchases. FBS ranks 103rd among Currency Trading firms by the Financial Times.
What Makes FBS Different?
FBS has established itself in the global scene as a leader of providing reliable financial services thanks to its transparent client relations and its comprehensive 24/7 comprehensive support team. All companies have advantages and disadvantages, and we have provided a list of the most noteworthy pros and cons of FBS.
- High leverage up to 1:3000 suits higher-risk traders well
- Superfast trade execution within 0.40 seconds for 95% of trades
- Low spreads offered – Starting from 0.2 pips.
- 140+ tools with ample liquidity
- Wide range of currency pairs to trade as well as Cryptocurrencies and CFDs
- Fixed and floating spreads offered
- Competent customer service available in a variety of languages
- Secured transactions and industry-leading data protection
- Educational materials could be improved
- Customer support is only available via phone, e-mail, and Live Chat during certain times
- FBS does not offer free educational materials
- Only a limited number of currencies offered
- No MetaTrader 5 available
- FBS does not accept U.S. based customers
Conclusion – Is FBS a Good Choice?
For new traders seeking to learn the ropes of currency trading, the combination of FBS’s low spreads, fast trade execution, secure platform, and 24/7 customer service makes it an attractive option. The fast trade execution ensures that traders can profit quickly on intraday moves while having access to a large variety of instruments. With strict regulation process, traders have the assurance that their funds and personal information are safe from any platform breaches. Thus, overall FBS is an excellent choice for forex traders looking for a reliable online broker.