Market Cap:
$183B
BTC Dominance:
53.79%
btc:
$5602.00
eth:
$170.05
xrp:
$0.32
Advertise
7/10
Overall Rating

FBS

FBS Forex broker explicitly pledges on its website to provide a service based on fair pricing and transparency and under the best trading terms and conditions. Founded in 2009, FBS Markets Inc. (FBS) is domiciled in Belize and licensed for trading in securities services with the country’s International Financial Services Commission (IFSC). FBS offers 48 instruments, including 37 Forex pairs and 11 CFDs, four of which are cryptocurrency CFDs. Is FBS Forex broker a reliable, or scam broker? Find out more with AtoZ Markets Forex broker review of FBS.

Overview

Company
8/10
Trust
7/10
Trading Platform
7/10
Account Types
8/10
Cryptocurrency
6/10
Costs
7/10
Customer Support
7/10
Regulation
7/10

Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it. This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience an overview about a brokerage firm. In this review, we host the FBS brokerage firm, which provides Fx and CFD’s trading to new and experienced traders.

Company

8/10

The broker is active in both Forex and Metals and is physically located in Belize. Its address is No.1 Orchid Garden Street, Belmopan, Belize, C.A. The company has been noted so far for providing its clients with a wide range of educational material and tools, in pursuits of improving their trading skills and growth. Speaking of transparency, in a quick glance at the “about” section on the company’s website, one can see that the company places a warning at the bottom of the page, warning about the potential risk CFDs, without trying to pose as a savor for all traders! Tradestone Ltd, operating under the name of FBS, the following Investment and Ancillary Services:

  1. Reception and transmission of orders.
  2. Execution of orders on behalf of clients.
  3. Dealing on own account.
  4. Safekeeping of financial instruments and custodianship of cash/collateral management.
  5. Granting credits or loans to one or more financial instruments, where the firm granting the credit or loan is involved in the transaction.
  6. Foreign exchange services which are connected to the provision of investment services.
  7. Investment research and financial analysis.

Being a member of the Investor Compensation Fund scheme, FBS stands in the market with a solid background, as the aforementioned scheme protects eligible retail clients by paying compensation should the company fail to reimburse funds and/ or financial instruments due to financial issues, as applicable.

PROS
24/7 Customer support
CopyTrading Available
ECN trading available
Multiple choices of trading accounts
CONS
No telephone support
Limit coverage of the markets

Trust

7/10

Trading Platform

7/10

FBS provides several types of instruments for its clients to trade with which are the CFDs and Futures. The CFDs market also covers several diffident asset classes such as crude oil, precious metals, in addition to cryptocurrencies. As for its trading platforms, the broker provides MetaTrader 4 and MetaTrader 5. FBS allows traders to check their accounts, manage their trading funds or execute trades directly from the palm of their hands.

Online FBS MT4 WebTrader
 iOs MT4 from Apple Store
 Android MT4 from Google Play With its mobile apps
MT4 for Windows

Account Types

8/10

FBS provides a range of options when it comes to account type. In total, FBS has 4 different types of trading accounts on offer.

Cent Account
Minimum deposit of $1 Floating Spread Commission-free trading 1:1000 Leverage Market Execution
Standard Account
Minimum deposit of $100 Floating Spread Commission-free trading 1:3000 Leverage
Zero Spread Account
Minimum deposit of $500 Fixed Spread Commission-free trading 1:3000 Leverage Market Execution
ECN account
Minimum deposit of $1000 Floating Spread Commission-free trading 1:500 Leverage ECN Execution

Cryptocurrency

6/10

Costs

7/10

Customer Support

7/10

The customer support service at FBS is ranked high when in this area of assessment as well, since the broker has been noted of its strict compliance policy with regard to serving its clients. Hence, it poses proudly for having a well-informed customer support team, as for the 24/7 live chat support section, and not to mention the comprehensive educational center and a detailed FAQ.

Regulation

7/10

FBS is officially registered with the name of Tradestone Limited as well, and s a Cyprus Investment Firm under registration No. HE 353534, established in 1999, regulated by the Cyprus Securities and Exchange Commission (CySEC), and operating under Licence No. 331/17.

Conclusion

As FBS has proven itself in the market, with a record of awards, that included “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”, besides the award it won from the Indonesian Government for disaster relief work in 2017, we can say in our review, based on the detailed report provided above, which yet encourages dealing with such a broker, that FBS is a broker to highly consider, when it comes to investing in the Forex market today.

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