Fbs broker scam

Cent account – this is designed for tyro traders (beginners) who’d like to try their skills with live trading. This starts with a $1 opening balance.
Micro account – this is designed for traders who want to calculate their exact profit. This starts with a $5 opening balance.
Standard account – this is designed to be the regular account. This starts with a $100 opening balance, for EU clients thought the opening balance is €100.
Zero spread account – this is designed for fast speed traders.
ECN account – this is for traders who want to experience ECN technology.

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FBS Review: Is FBS A Scam? No, But It; s Not Worth It, fbs broker scam.

So I did a lot of research and this review is about what I found out about FBS. I suggest you read on to know more about what you’re about to get yourself into. After this review, you’ll be able to make a better judgment about whether to try FBS out or not.

FBS review: is FBS A scam? No, but it’s not worth it!

If you’re interested in the stock market and foreign exchange as a way to make money online then you’ve probably come across FBS and maybe you’re interested in trying the platform out or still on the fence because you’re unsure if it’s legit or just another scam.

By the end of this review you’ll know:

A background on FBS

How it works

What tools FBS offer

The pros and cons

If it’s A scam

And lots more

FBS review in A nutshell

Product description: international brokerage company

FBS is a forex company that operates in more than 190 countries. It claims to have 410,000 partners and 15,000,000 traders. FBS offers seminars and events that provide training materials and trading technologies. They claim to cater to both beginner and professional traders.

Overall, I’d say FBS is legit but there are a few some red flags you should know about.

Overall

Lots of tools

Cheap capital

No info on who runs it

Doesn't operate in large markets because of legal restrictions

User review

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What is FBS exactly?

FBS prides itself to be an award-winning international forex broker since 2009. FBS started in belize and later on expanded to cyprus then to other parts of the world.

Want more idea about what forex is? Here's a helpful explainer video:

Most of the international awards they received are about recognizing them as a transparent broker with some of the best levels of customer service.

One thing I can tell you is that award committees do not easily give out recognition without doing a lot of research. I must say, FBS passed the legitimacy test with flying colours here.

FBS is also regulated by european financial authorities making them a legitimate forex trading company. (I’ll give you more details about these licenses later on)

Although the claim to be partnering with FC barcelona adds to their credibility, the lack of information on who runs it doesn’t sit well with me. I mean come on, if I join a company, I’d like to know who’s behind it to make sure he’s not just another scammer and that what I’ve read are not just hyped-up claims that will fail to materialise.

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How does FBS work?

First, you make an account by clicking “open live account”. After entering your information, click the “open an account” button. A single mission password will then be emailed to you to verify.

Although FBS offers a total of 6 account types internationally, EU clients are only offered the standard account.

This tells me that the other account offers don’t go in line with EU financial regulations. So to avoid losing their license, they just offered that one account.

Here’s a list of the account types FBS offers:

Cent account – this is designed for tyro traders (beginners) who’d like to try their skills with live trading. This starts with a $1 opening balance.

Micro account – this is designed for traders who want to calculate their exact profit. This starts with a $5 opening balance.

Standard account – this is designed to be the regular account. This starts with a $100 opening balance, for EU clients thought the opening balance is €100.

Zero spread account – this is designed for fast speed traders.

ECN account – this is for traders who want to experience ECN technology.

To test the waters, FBS also offers a:

Demo account – this is designed to allow a trader to simulate the actual trading platforms minus the risks for free. This kind of account is filled with virtual funds of up to one million dollars.

In my opinion, they offer these various trading accounts to cater to the needs of different kinds of traders, so there’s an account for everyone and fewer reasons not to try it out.

FBS is an international company BUT is not available to traders in japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran. That’s a major red flag to me there. These countries have great market potential but FBS is not available for them.

Here’s what I think the reason is:

Japan, USA, canada, UK, myanmar, brazil, malaysia, israel, and iran have tighter financial regulations and may have already seen this might create issues. The trouble could be in the system itself or in obtaining the necessary licenses.

Whatever the case, I think they are evading these countries for legal restrictions. And I know restrictions are made to prevent fraud.

FBS trading platforms

FBS uses MT4 and MT5, products of metaquotes software corporation, a company that specializes in developing trading systems.

MT4 was developed in 2004 and MT5, its updated version was developed in 2010. The 2 platforms basically look alike. The only difference is that because MT5 is more recent than MT4, so it offers more features.

Both these platforms can be accessed using windows and MAC computers.

How about for other gadgets?

This is also available as an app. That's a big thumbs up for FBS.

They also have an FBS copytrade platform; a social platform that allows traders to copy expert traders’ strategy for a commission. This will be really helpful for those who don’t know all the ins and outs of forex trading.

Other FBS tools

1. Personal area mobile app

It allows a trader to access his demo and real accounts, managing them all in one place. From this app, you can manage your personal profile and add or withdraw funds from those accounts.

Makes things more convenient, great to know!

2. Economic calendar

You can find this at the MT5 platform or on the FBS markets website. It shows the time and date of events that impact the forex market. You can then use this to make analyses and calculated forecasts.

3. Currency converter

This can help a trader who has a different currency from the trading instrument. You can then use this tool to convert currencies based on prevailing rates.

4. Trader’s calculator

This can help you estimate potential profits in a specific trade.

5. Forex news

The news is grouped into categories to help you check when the best time to trade is.

6. Forex TV

Allows you to access weekly marketing insights giving you a better picture of the trading status.

What I like about FBS

Lots of tools to help make a good trade

Low capital required to open an account

What I don’t like about FBS

No info on who runs it

It doesn't operate in large markets because of legal restrictions

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Is FBS A scam?

Although I’ve mentioned a few red flags, I’d still say FBS is legit and here’s why:

FBS market inc. Has the registration number: 119717

IFSC regulates it and gives it the authority to operate with the registration number: IFSC/60/230/TS/19

FBS.Eu is the european branch of the company. Trade stone ltd is its operator, an investment firm in limassol cyprus. Cysec regulates and gives it authority to operate with the registration number: 331/17

As a regulatory directive, FBS keeps the traders’ funds in a different bank account and claims that is it now used for company operations. The good thing with this is even if a broker becomes bankrupt, trader’s investments are safe.

EU clients are protected by the ICF. This means that if FBS collapses, investors can receive up to €20,000 as compensation.

As protection against fraudsters, FBS implemented standard digital security which involves encrypting its website and platforms with SSL.

When a company goes the extra mile to obtain these licenses and security measures, I’d say they’re legit, because if they were not, they’d be behind bars in an instant.

Other than that, they’ve been operating for 11 years, I’d say that much history won’t be possible if they were just scams.

But here’s the thing: even if I believe that they’re legit, I’d still not recommend it to you. Legitimacy doesn’t erase the inherent risk that comes with forex.

The bottom line

Overall I’m pretty impressed with FBS's platforms and history. Plus I put them in the legit list because of the licenses they obtained.

But like what I’ve said earlier, I still won’t recommend it to you.

If I’d give you a bit of advice on how to make money online the legit way, I’d avoid anything that comes with a lot of risk like forex.

As always with these programs, there's a lot of hype around how much you can make, but they don’t say anything about how much you could lose.

The risk warning down at the bottom of the website is just another way of saying there’s no guarantee you can earn from this.

Remember, forex’s last name is risk. Forisk.

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It’s legit minus the risk forisk comes with. (I’m getting used to that word now!)

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Is FBS a scam?

What is the FBS and how it works?

Can you make money with this platform?

We know that there are many trading platforms the promises you to make money, but many of them are just scams and ponzi schemes

In this FBS review, we are going to cover what is the price to join, what is the compensation plan, what kind of products they have, and whether people making money.

Let’s get right into that.

Disclaimer
please note, I am not a member or an affiliate for FBS. This review is based on research and information available online in the public domain.
Any recommendation and conclusions are only opinions and may not apply to all persons or situations.

Overview

Name: FBS
website: www.Fbs.Com (or FBS.Eu for EU market)
price to join: $1 to $1,000
recommended: not really. Still, it is an MLM company.
I recommend affiliate marketing. Check the pros and cons of both business models (affiliate marketing vs. MLM).

FBS summary

FBS is an international online broker that offers to trade in forex. This is supposed to be a friendly platform for beginners and advanced traders as well.

However, there is no information about who runs this company.

This company is regulated in the EU by the cyprus securities and exchange commission and by the international financial service of belize.

However, FBS is banned in big trading markets, like the USA, canada, or japan.
The service they offer seems legit, so it is not quite clear why they do not operate in those big markets.

The good thing about the FBS is that the minimum deposit can be $1 (depending on the specific account).

From first sight, it is not quite clear whether FBS is a scam or not, although I would recommend searching for more legitimate platforms.
The reason being is that there are some issues (red flags if you will) with the FBS.

For example, there are a lot of people complaining about the withdrawal process, and also that FBS support is not responding.

My recommendation is – not to get involved with the FBS.

There are many legal ways how to generate consistent income.

I personally prefer affiliate marketing, where I run one website that generates me 4 digits online.
Here is a link to the method I have been using since 2017.

What is FBS?

FBS is an investment company that helps you to generate profit by marketing their services and products. The company was founded in 2009.
According to their privacy policy, this company is regulated by the cyprus securities and exchange commission.

Cyprus is a well-known country due to the fact that a lot of scammy companies have their headquarters there. Now does it mean right away, that FBS is a scam?

No, at least not at this point.

FBS is basically a forex trading company offering services. They also offer education products for forex trades.

The company claims to have more than 15 million active traders in more than 190 countries.
Based on the number of monthly visits the site FBS.Com gets, it is probably about right.
(the site FBS gets more than 2M visits per month).

We are going to find out that people from certain countries (like the US or UK) can’t register with the FBS.
This to me is a red flag.

A person who is allowed to register (the list of countries below) can earn money once opens one of the accounts (we will get there in more details in a bit).
There are 2 ways how o make money:

The first way is to through investing and trading

The second way is to promote FBS and make commissions

One must be careful when it comes to investing; there are many companies that are literally pyramid schemes, or ponzi schemes (just like beurax or petronpay).

I am sure you know that FBS works as a multi-level marketing company.
You will be paid according to the number of people below you. In fancier words, when you build your team.

Of course, this recruiting part is optional but make no mistake.
The only real money is in recruiting.

So let’s dig a bit deeper.

Who runs the FBS?

It is not clear who the owner is.

I find this as a red flag since most legitimate companies reveal who the CEO or founder is.
Unfortunately, it is not the case with the FBS.

What I also find disturbing is a fact that this company reveals a number of shell companies operating from:

FBS inc. In the marshall islands

HDC technologies ltd in cyprus

FBS markets inc. In belize

Nevertheless, they have their own youtube channel and the person that walks you through webinars is elizabeth belugine.
According to her FB profile, she is from st. Petersburg, russia.

Most likely she is not the founder and only works for FBS.

For example here is a video where she explains, what are the advantages of the forex market?

There are also a lot of videos including webinars that have about 1 hour (or more).
I am sure there is a lot to learn.

Who is it for?

FBS seems like a good platform for both beginners and advanced traders.

As mentioned above, there are certain countries where their service is not available.
Let’s take a look at the countries that are banned from using their services

Canada

Japan

Brazil

Israel

Myanmar

Iran

Why?
Could it be that these countries have strict regulations against scammy companies?

Here is the list of countries where FBS accepts traders from:
australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar, and most other countries.

Is FBS a pyramid scheme?

It is important to distinguish between regular MLM and a pyramid scheme.

The fact is that every MLM company has routes in a pyramid scheme.
To make it legitimate, a company must offer retail products.

The distributor or IBO’s (independent business owner) should be able to earn solely from selling these products – whether it is a tangible product (like in the mary kay or amway case) or it could be course or service.

By now we know that FBS offers services, so it can’t be called a pyramid scheme.

But if you want to know how to post a pyramid scheme here is a short video:

How to register with FBS?

You can open an account assuming you are not from the banned country.

Just enter your email and then you will have your account information assigned.

Before you can make a deposit, you are required to fill out the survey.

It concerns your personal data like

Date of birth

Citizenship

Your address

Phone number

And other questions that I personally find annoying.

Are you a politically exposed person

How many times did you trade over the past year?

What is your employment status and your “sphere”

What is your source of income and your net annual income?

Then based on the results you get the retail status with a recommended deposit you can trade.

After that just select the way how you want to make the deposit.

What products (accounts) does FBS offer?

These are not exactly products, but rather accounts you can open.

Standart – this is for experienced market players. The initial deposit is $100.

Cent – this is for beginners, people who are just starting to learn about forex and that is why the initial deposit is $1 only.

Micro – fits the best for those who like math and can calculate their profit. The minimum deposit is $5

Zerospread – this is for those who like trading fast. The minimum deposit – $500.

ECN – and finally, this account is the best for those who are confident and want to trade with the ECN technologies. The minimum deposit is $1,000.

So depending on your experience you can start with $1 or $1,000.

You have both (MT4 and MT5 )metatrader platform available also as mobile apps.

These apps allow trading on financial markets via android and ios.
You can also monitor your account status, buy and sell financial instruments, or track the history of trades.

Compensation plan

Most MLM companies have a pretty tricky compensation plan. In many cases, you have to through 20 to 40 pages, and it is still not clear what the deal is.

FBS offers a pretty simple compensation plan.
They use a 3 level system (uni-level) that looks like this:

The trading commission is paid down to 3 levels:

Level 1 – you get 100% on the trading activity of your affiliate (or trader)

Level 2 – 15%

Level 3 – 5%

Is FBS a scam?

FBS is not an outright scam.

People who are just getting started, earn money
but the problem seems to be with support and communication when it comes to withdrawal.

Also due to the MLM structure, I am afraid that most people will not make enough to pay the bills.

Don’t get me wrong. There is certainly a great opportunity to make money with forex.

But I would be careful joining shady companies with unclear ownership and yet operating from a scammy friendly country.

My advice – if you want to learn how to make money with forex, do more research and find a legitimate company with a history that does not ban certain countries.

Please note, that whenever there is an MLM structure involved, it always works as the following:

Before we wrap up…

A long time ago I was involved with one MLM company, and it did not work out.

I went through a lot of jobs and eventually I have learned something about online marketing.

Long story short, now I know how to create a website that drives free traffic, and most importantly, this website earns me 4 figures.

There are plenty of ways on how to make money; I personally think that being in online marketing is the best way to go.
To be more specific I earn money with affiliate marketing.

At the bottom of the post, there is a link that directs to my #1 recommended platform.
It concerns one specific educational platform that teaches how to create a website that generates income.
I am sure you know that it takes special knowledge to succeed online. And this is a perfect platform that teaches everything, step by step from the basic stuff to advanced one.

What I like about FBS

The compensation plan that is simple and easy to comprehend

Long established company (based in 2009)

MT4 and MT5 integration

What I don’t like about FBS

Not available in big trading markets

No information about who runs the company (who is the founder or CEO?)

They have linked shell companies operating out of belize and marshall islands

Conclusion

It does not seem that this is a scam.

Unlike many other forex trading systems, FBS wants their clients to know, that forex trading is very risky and you should use money that you can lose.

However, there is still a number of major red flags that are disturbing.
I personally don’t recommend it.

Remember that, when it comes to investment, keep in mind the following rule:

Don’t invest more than you can afford to lose

I would be glad if you can share your personal opinion about FBS. Please use the comment section below, I am sure your opinion will appreciate it by other readers.

Also, in case you have questions don’t hesitate to ask.
I will do my best to provide you with feedback within 24 hours.

Thank you for reading,
mike

How to get started with affiliate marketing?

I have been a member of wealthy affiliate since late 2017 without a prior marketing experience.
Beginning of 2018 I have learned how to build a website that drives traffic and makes sales.

Since the summer of 2019, I am a full-time internet marketer and I work from anywhere I want, whenever I want.
Training within wealthy affiliate teaches how to generate a consistent income in the long run.

FBS review and tutorial 2021

Go to the brokers list for alternatives

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

FBS review – is FBS scam or legit broker?

Rating

Demo trading account

3-5 money pairs, including metals, cfds and crypto

Full licensing and regulation with IFSC and CYSEC

Metatrader 4 along with metatrader 5 to mac, windows, ios along with android

A little bit clunky to navigate to desired sections

Sourcing the right information is only a little difficult online

Not easy to understand unique benefits/merits of each account type

FBS could be the name of this forex broker which trades under FBS markets incorporated. The business ‘s registration number is 119717, also it’s fully governed by the cyprus securities and exchange commission (331/17) and also IFSC (permit #IFSC/ / 60/230/TS/ / 17). This forex brokerage delivers a vast selection of currency pairs, and higher leverage on certain account (1:3,000), completely free deposit insurance policy, thorough payment systems, and also very low hazard balances for novice traders. At profits of trading money pairs together with FBS would be the next:
* there are no requotes
* high leverage of 1:3,000
* all reports have been offered to 5 digits
* all commissions are all insured by FBS
* traders love 24/7 professional assistance
* eas and expert trading approaches allowed

Overview/ desktop

FBS is actually a fully licensed and regulated forex trading brokerage. It’s controlled by FBS – a trading thing of several businesses including tradestone limited (number 353534), parallax inc (#VC0100), and also FBS markets inc (number 119717). This forex brokerage is fully licensed and governed by multiple jurisdictions including IFSC (international financial services commission) of belize. The IFSC permit #is IFSC/60/230/TS/17. FBS can also be fully licensed and governed by the cyprus securities and exchange commission (CYSEC) using permit #331/17 to supply a real income forex currency trading solutions to legal era traders around europe.

FBS provides multiple currency pairs including majors, minors and exotic pairs for people in most completely controlled authorities. Back in japan, thailand, myanmar, along with brazil that the services offered by FBS is obtained through parallax inc.. The trading tools supplied via this brokerage include contracts for difference (cfds), metals, and even forex pairs. The forex pairs incorporate multiple monies like the AUD/USD, BTC/USD, EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, AUD/CHF, CAD/CHF and heaps of other folks.

Account types

There are multiple account types in FBS, each offering different dictate reductions, marketplace executions or maximum available places along with pending orders. The 6 accounts kinds comprise the next:

Cent account – dictate drops starting at 0.01 through 1000 penny lots and marketplace executions out of 0.3 sec STP. The utmost open places and also impending orders payable is 200.

Micro account – arrange drops from 0.01 through 500 lots and marketplace executions of 0.3 sec STP. The utmost open places and also impending orders payable is 200.

Standard accounts – dictate drops starting at 0.01 through 500 a lot of marketplace executions starting at 0.3 sec, STP. The utmost open places and also impending orders payable is 200.

Zero spread accounts – dictate drops starting at 0.01 through 500 lots with marketplace executions out of 0.3 sec, STP. The utmost open places and also impending orders permissible is 200

Unlimited accounts – together with order amounts from 0.1 to 500 tons with short-term marketplace executions without trading limits.

ECN accounts – dictate drops starting 0.1 through 500 lots with ECN marketplace executions without trading limits.

With respect into account types, a few 3-5 money pairs have been encouraged including 4 cryptocurrencies, two cfds, along with 4 alloys. The single real exception for that is your ECN accounts type.

Trading platform/ applications

The FBS trading platform comprises metatrader 4 and also metatrader 5. All these are ideally suitable for forex traders using windows or mac. In addition, the metatrader software is fully appropriate for ios along with android apparatus so you are able to trade out of any smartphone tablet computer or phablet. The trading platform can readily be downloaded via the programs, also there are numerous features inherent from the metatrader programs.

For instance, metatrader 4 supplies a few 4 1 tools for example futures, cfds and money pairs. Additionally, there are reduced spreads, both eas and 1-click functionality. The computer software also lets users make use of a similar username/password combo. Metatrader 5 features comprise calculating functionality, micro-lot reports, VPS service support, as well as hedging. Forex traders need to download applications such as windows, ios, android, webtrader, multi-terminal, or even mac systems.

Deposit options

Deposit options comprise a multitude of neighborhood payment methods like visa, mastercard, skrill, bitcoin from skrill, perfect money, astropay, cable transfer, along with NETELLER. All residue options are ensured secure, as a result of stable socket layer technology and also the maximum encryption protocols. Once you’re all set to earn a deposit, then only log in your accounts and browse into the cashier. It’s possible to get a deposit on your forex, and also the deposit amount will be converted into USD/EUR dependent on the established exchange rate. To produce a deposit, then browse into a private area during the financial surgeries category. Deposits which is created via EPS are immediately processed, though other payment processing approaches usually take as many as two hours during business hours. The most period for you to process a deposit via electronic payment systems would be 48 hours from the moment of its own production. Wire transfers may take around seven business days to process.

Markets

The marketplaces have been divided into three broad classes including forex, metals, along with CFD trading. There are additional marketplaces including cryptocurrency trading including as for example ethereum, dash, bitcoin etc.. There are a few 3-5 money pairs, 4 cryptocurrencies, two cfds4 and 4 alloys which traders may enjoy.

Currency pairs comprise: AUD/CAD, AUD/CHF, USD/JPY, USD/EUR, GBP/USD and many others. In general, you can find numerous dozen forex pairs including majors, minors and exotic money pairs.

Metals trading: metals consist of palladium, platinum, XAG/USD along with also others. All these are traded with nominal spreads along with many different elements are comprised like prevent amount, swap short, swap, and also the common spread.

CFD trading: this consists of BRN, DAX 30, WTI yet also others.

Bonuses

There are dozens of bonuses and promotional supplies now offered by FBS. These incorporate a $50 incentive to trade forex without a deposit needed. Traders will possess leverage 1:500 to enhance their trading actions. To make up for this incentive, the complete registration is required. There are additional promotional supplies out there. These contain the subsequent:

A 100% deposit bonus

Promotional substances made to improve your trading achievement

Other supplies incorporate the bonus $1 2 3 that offers ‘7-day bonus trading’ with infinite benefit potential and boundless accessibility. No confirmation or contact details will be necessary with this incentive. There are cashback supplies offered to forex traders, also FBS is your only real provider of cash-back services. The bonus level is left up to 15 USD a lot traded and there’s an infinite incentive trading span, boundless benefit potential, no expiry with this particular promotional offer. There are quite a few different bonuses available, and so they may be discovered under the promotions tab, recorded from the promotions & bonuses category.

Customer support

Customer service is accomplished by calling the FBS service representatives thanks to live-chat functionality. Simply make use of the zendesk live chat service option to consult your questions and they’ll respond for you in real-time, even during working hours. Other service options incorporate interpersonal networking on youtube, twitter, along with facebook. You will find also contact us options on the footer of every web page, for example wechat, messenger, along with telegram. These interactive communication stations ensure rapid response times from courteous and professional customer care agents. Other contact options readily available to traders consist of local offices, live chat, and call back functionality. FBS agents are available across the world, such as egypt, china, korea, thailand, malaysia, turkey, thailand, indonesia etc..

Safety

Safety is ensured in any way times, as a result of stable socket layer technology, encryption, accounts verification, and so on. All of deposit/withdrawal options are fully guaranteed secure and safe, a lot of like online banking trades.

Ease of use

FBS broker is relatively user friendly, however, you’ll need to understand the intricacies of working with the stage. By clicking onto the major three flat lines onto the side of your monitor, you’re going to have the ability to get into general advice, financials, trading tools, trading platforms and trading requirements, enterprise data, promotional supplies, analytics & education, along with company specifics. The supply of demo trading accounts and real currency trading account provides traders with the essential tools and tools to be successful in online forex trading.

Final thoughts

FBS broker is a major european online forex broker with heaps of money pairs, cryptocurrency, metals, cfds along with additional options out there. Security and safety is on top of the schedule, and customers will see all the vital checks and balances set up. If you ever require support and service, then you may readily reach them via societal networking, email, livechat (zendesk) along with also other options. They’re exceptionally tuned in to forex trader inquiries, and also do their utmost to supply prompt and expert support.

FBS review

Overview

The company FBS was founded in 2009 and today it’s among the most popular brokers of the world. The company has managed to become the favorite currency trading solution for many traders around the globe.

Details

broker	FBS
website URL	www.Fbs.Com
founded	2009
headquarters	russia, st. Petersburg, ul. Professor popov, 37
support number	8-800-555-444-2
support types	chat, phone, call back, email
languages	english, japanese, turkish, portuguese, korean, german, etc.
Trading platform	metatrader 4, metatrader 5, webtrader
minimum 1st deposit	$1
bonus	bonus for the first deposit 100%
leverage	1:3000
spread	from 0 points
free demo account	open demo
regulated
regulation	IFSC (№/60/230/TS/17), cysec (№331/17)
account types	standard, cents, micro, unlimited, zero spread, ECN
deposit methods	credit/debit cards, bank transfer, skrill, cashu, OKPAY, RBK money, QIWI, FBS master card, neteller, yandex.Money, ru, webmoney, etc.
Withdrawal methods	credit/debit cards, bank transfer, RBK money, QIWI, FBS master card, neteller, yandex.Money, webmoney, etc.
Number of assets	40+
types of assets	currency, metals, CFD, crypto-currency (bitcoin, ethereum, litecoin, dash)
account currency	USD, EUR
US traders allowed
mobile trading
overall score	9.0/10

Full review

Certainly, as their potential customer, you’d like to learn whether this company’s another fraudster or a serious company, full of impressive features, and which provides a functional trading platform and ensures fast withdrawal of earnings. Your curiosity will be satisfied below.

The FBS brand, which is well-known all over the world today, actually belongs to the organization FBS markets inc., founded in 2009 by combining several successful dealing centers. The broker’s mission can be defined as follows: the creation and implementation of high-quality services in order to maximize the needs of investors. In 2016, more than 2 million traders joined the company. Since that time the number of clients on the platform has drastically grown and the company is still booming. Undoubtedly, in many respects, this speaks to people’s trust in the organization. Today FBS is represented in more than 190 countries around the world. It successfully cooperates with a wide network of partners (approximately 300,000 companies). Up to 7,000,000 traders make use of this platform on a regular basis. The broker works transparently and honestly, and it pays much attention to the professionalism of its employees. One of its indisputable advantages is constant improvement of the services provided. Moreover, the list of available options for trading is lengthened on a regular basis. On FBS’s official website, the broker rightly notes that its platform ensures convenient and easy trading in the foreign exchange market (here you can learn the whole truth about forex).

The company offers a variety of high-quality investment and financial services in europe, asia and the CIS. It has offices in egypt, indonesia, china, malaysia, thailand, etc. The prestigious awards the company has won comments on the internet, including the recommendations of the platform by the clients, testifies to the company’s seriousness liquidity providers as well as custodians of clients’ funds are represented by such serious financial organizations as bank of america, citibank, jpmorgan, goldman sachs, etc. Trading takes place with the help of such reliable and sophisticated software solutions as metatrader 4 and metatrader 5. These platforms have been recognized by traders around the world as the best and most functional because of their excellent functionality. The terminals support the installation of new indicators and advanced trading systems for deep market analysis. They allow the use of pending orders, automatic trading advisers, hedging, scalping, and mobile trading, not to mention the display of the most actual market news. By the way, a convenient trading terminal, webtrader, can be launched in your browser.

Among the advantages of this forex and CFD broker, we note the high speed of execution of orders, the absence of slippage, low spreads and the minimum threshold for entering the market ($1). Additionally, it offers free account insurance. Its clients can receive a plastic card to conduct purchases throughout the world. Different assets (metals, cfds, most popular cryptocurrencies, etc.) are available to the company’s clients. To ensure that trading is a simple and understandable process for users, FBS organizes free seminars for both newcomers and experienced traders, provides high quality materials, profitable forex strategies (learn here how to choose a forex broker), and market analytics. The company has a convenient website, full of useful information. It’s translated into many languages, which makes it more comfortable to work with.

Replenishment and withdrawal of funds

The CFD and forex broker FBS has gained wide popularity in many areas due to a careful and substantial approach to its services. The company has done a lot to make interaction with the site comfortable and profitable. Different payment systems can be used for transactions in the system.

Methods of replenishment /withdrawal of funds include:

Bank transfers (visa/mastercard),

Electronic payment systems (NETELLER, skrill, perfectmoney, OKPAY, astropay, etc.),

Crypto assets (bitcoin, mybitwallet).

The terms of transaction range from 15 minutes to 5 working days, depending on the service that the trader uses.

Complaints about FBS

FBS is a popular broker. It’s actively used by a large number of traders, so you can find a lot of reviews about it on the internet. As for the most positive comments, the clients of the platform note the excellent reputation of the broker, favorable conditions, rapid execution of transactions, the availability of insurance, demo trading, interesting bonuses and contests, as well as adequate spreads, fast and simple withdrawal of earnings without delay (including cryptocurrencies), and qualitative analytical materials.

Some traders recommend the company as one of the best on the market for reliable and stable cooperation with a possibility to earn a decent income. Also, a manager works online on behalf of the organization. He studies the comments of traders and answers their questions, which proves how crucial it is for the broker to be in touch with its clients.

Among the negative aspects, traders point to feedback issues (long wait time for answers from the support service), delays in withdrawal of funds, trade in scalping (slow execution of orders), unprofessional managers and long verification.

If we find complaints about FBS, we will post it on social media. Follow us to be well informed:

Is FBS a scam?

FBS is an impressive international organization with extensive experience. Today it can be rightly called a leading forex/CFD broker. Representation in more than 190 countries of the world, cooperation with more than 7,000,000 traders in asia, europe, russia, etc. – all of this clearly speaks about the fact that investors trust their money to this market leader. The brand has an active position and many prestigious awards. Offering a variety of unique opportunities and favorable conditions to its clients, the organization doesn’t grow stagnant. It proceeds with its mission: to satisfy the needs of investors, constantly develop, improve services and ensure stable and comfortable trading.

Favorable working conditions are the first thing that traders from all over the world notice on this site. Traders enjoy low spreads from 0.2 points, comfortable leverage up to 1: 1000, fast execution of orders, no slippage and a low entry threshold (from $1). For trading, only up-to-date financial instruments are available: forex, CFD and digital coins (learn here how to quickly earn on crypto assets). A well-built service is the next advantage of the company. Traders appreciate the company’s informative website, a large choice of transaction options, professionalism of the support service, materials provided, and relevant market analysis. The training process is also well organized here: the site materials are constantly updated and free seminars are held, which would be useful to any trader regardless of his or her trading experience.

It’s crucial for a leading broker to offer its clients such attractive options as automatic trading, scalping and hedging. For its users the company has come up with the best solutions: the trading process takes place in the time-tested terminals, highly praised by traders around the world (metatrader 4 and metatrader 5). Of course, the FBS broker needs to do everything to ensure that its clients feel secure while working in the market, so the issue of regulation of the organization is of supreme importance. Today the company has been licensed by serious financial bodies (IFSC, cysec), which increases its credibility in the eyes of users and proves that it’s not a fraudster but rather a reliable and trustworthy trading platform.

The company is quite popular with traders. There are a lot of reviews about it on the internet, and most of them are positive (as a rule, traders praise the company’s high reputation and its extensive experience, favorable conditions, high quality services and many useful options). Of course, there are also negative aspects of the platform, which mainly relate to problems with the withdrawal of capital, unprofessional managers, long verification, etc. Do note that a representative of the organization works online, analyzing the comments of the clients. This proves that it’s important for the company to see the real problems that users of the service face. Of course, you’d like to know whether we should regard FBS as another scam or not. Well, having thoroughly studied the capabilities of the platform, today we can confidently say – no! This decision was influenced by the impressive experience of the company, the constantly growing number of customers, a lot of useful options, the presence of regulation, and highly responsive support managers.

Regulation of FBS

The broker belongs to FBS markets inc. (registration number: 119717). It’s important for the company to provide its users with a reliable working platform, so the issue of regulation is taken very seriously. Today FBS has the licenses of the following financial bodies: IFSC (no./60/230/TS/17), cysec (no. 331/17).

Conclusion

Today the forex/CFD broker FBS is the undisputed leader in the market. It’s a trustworthy international organization with a wide range of work experience, many prestigious awards, and an impressive number of clients all over the world. The constantly growing popularity of the broker can be explained by its thoughtful and high-quality service, the provision of really profitable terms of trade, a rich choice of assets, unique options, and its adherence to regulation. Undoubtedly, all of this attracts new customers to the platform.

On the platform traders can work with the most popular financial instruments – crypto assets (here you can read the whole truth about digital coins), forex, CFD – so a decent income is guaranteed. For high-quality work, traders can use the company’s highly informative website, where they can find analytics as well as training materials. Right now we won’t label FBS as a scam, but we’re waiting for feedback from traders about the platform. This feedback might warn investors aboutt various issues, which might show up on the platform in the future and also impact the company’s rating on our web portal.

FBS markets review

FBS is a global forex broker that is owned and operated by FBS MARKETS INC. They are located at; no. 1 orchid garden street, belmopan, belize. Their contact phone numbers in thailand is: 081-429-5264, and customer support email is: [email protected] .

For common complaints about brokers, read this.

FBS forex review

Investors trading at FBS have access to the metatrader 4 & metatrader 5 trading platforms, in both the desktop and web trader versions. For mobile trading, investors can use the MT4 & MT5 mobile apps for android & ios. They offer a wide variety of assets for CFD trading including; 50 forex pairs / commodities (platinum, gold, silver and oil), crypto currencies like bitcoin, dash and ethereum, agriculture (coffee, sugar, corn) market indices and more.

FBS caters to investors all over the world, and they have 19 local websites for different countries and languages. There are six different account types you can choose from, with the minimum deposit starting at $1, and going up to $1,000 for an ECN account.

FBS markets forex trading account types

FBS license & regulation

When reviewing a new forex broker to see if they are a legitimate broker or a scam, the first item we look for a valid brokerage firms license. All countries have their own regulatory agency that issues licenses to online brokers. Most large forex brokers are licensed by the FCA in united kingdom or ASIC in australia.

FBS MARKETS INC is licensed in the country of belize, with licence number: IFSC/60/230/TS/17.

In certain countries like japan, FBS is owned and operated by; parallax incorporated, cedar hill crest, villa, kingstown, st. Vincent and the grenadines, VC0100.

Bonus offers

If you like bonuses and promotions you will find an endless supply of them at this broker. They have available; traders parties, drive lexus, welcome bonus $123, 100% deposit bonus, cashback, lucky T-shirt, A lot of apples, leverage 1:3000, bonus partner’s +$500.

Make sure you understand the terms & conditions attached to all bonuses, or you will end up having complaints, see here.

Compare FBS forex brokers

Searching for a new forex broker is a hard and tedious process, so check out these 2 broker and compare them.

Fortrade is the fastest growing CFD broker in 2019. They are a legit broker that is licensed in australia and england, see here.

FBS broker review

Is FBS safe?

Trading conditions

Account types

Spreads and commission

Deposits & withdrawals

FBS for beginners

Educational material

Analytical material

Customer service

Trading platforms

Evaluation method

FBS risk statement

Conclusion

Summary

A very popular broker all across asia, FBS offers tight spreads and leverage of 3000:1 on three accounts, including the 5 USD micro account. At any given time, FBS will be running at least 10 bonuses and contests and deposits and withdrawals are instant and free via local malaysian banks like maybank and CIMB.

Other accounts are equally impressive – with negative spreads on the ECN account – and support for both versions of metatrader is offered. Education and market analysis are both excellent and 24/7 customer service is great for beginners. All accounts are available in an islamic version, except for the ECN account.

Reviews

Account information

Trading conditions

Company details

Deposit & withdrawal methods

Supported platforms for FBS

Is FBS safe?

FBS, an international forex broker regulated in belize but with headquarters in russia, has grown to become one of the most trusted brokers on the asian market. Since FBS opened its doors in 2009, it has seen its customer base multiply thanks to the level of professionalism and trading conditions offered.

Since 2017, FBS – via its subsidiary tradestone ltd – has also been regulated by cysec and all european operations are now run from its regional HQ in cyprus. Internationally, FBS is regulated by the international financial services commission (IFSC) in belize and has offices in a number of asian countries, including malaysia, china, indonesia, south korea, thailand and myanmar and prides itself on having a customer base of over 14 million traders.

FBS is a hybrid STP/ECN broker – so trades do not go via a dealing desk but instead are executed directly with liquidity providers on the open market, therefore removing any potential conflict of interest that is inherent with a dealing desk model. As per european regulations,

Trading conditions

FBS’ trading conditions for the UK and europe are significantly worse than for international clients, with only two accounts available and leverage limited to 30:1. In european terms, trading conditions are good but the lack of choice for more experienced traders is notable.

Account types

FBS offers a cent account and a standard account – the cent account is aimed at new traders who want to learn to trade without taking too much risk and the standard account won’t excite any professional traders.

Both account types allow trading on the following assets: 35 currency pairs, and 4 metals (gold, silver, palladium, platinum), and 3 cfds and offer super-fast market execution. A swap-free option is available on both accounts.

Spreads and commission

No commission is charged on either of FBS’ accounts and spreads are variable – with the minimum spread on the EUR/USD down to 0.5 pips and the typical spread closer to 0.9 pips.

Deposits & withdrawals

FBS charges no fees for deposits or withdrawals and offers the following methods:

Visa

Mastercard

Wire transfer

Skrill

Neteller

FBS for beginners

FBS is one of the better brokers for beginners – not just because of the good trading conditions on the cent account, but for its general approach to new traders. The education section is comprehensive and well-structured and market analysis is frequent and well explained. Unusually, customer service is available 24/7 – a welcome development to say the least.

Educational material

The education section at FBS is one of the better ones available from this type of a broker, and all the material is free for all visitors. Education is split into five sections:

Forex guidebook – the core of the education section, this is one of the better guides to forex trading we have seen. Split into chapters for beginner, elementary, intermediate and experienced traders, this guidebook will be useful in some form for almost all readers.

Tips for traders – is a frequently updated blog with useful posts covering various aspects of trading in an erudite and informal format. Recent blog posts include triple screen trading strategy and bill williams fractals indicator.

Webinars – this is a schedule and register of upcoming webinars – FBS holds webinars on a weekly basis from its office in moscow and registration is a simple procedure.

Video lessons – as you would expect, this is a collection of short videos covering various aspects of forex trading – good for those who prefer watching to reading but not as comprehensive as the guidebook

Glossary – A good glossary of forex terms.

Analytical material

Market analysis at FBS is again completely free of charge for all visitors and is covered by three separate sections:

Forex news – this a constant news feed of the day’s important events that will have fundamental effects on forex trades. Updated frequently, concise and well written.

Daily market analysis – here you will find short analytical articles on the day’s events, very useful for new traders.

Forex TV – this is a collection of videos on everything from suggested trading plans for the week ahead to historical webinars. The trading plans, in particular, are recommended for new traders.

Customer service

Customer service is available in multiple languages, 24/7 – which is exceptional for an industry where the standard is 24/5. Support is available by telephone, email, live chat and social media and support is exceptional, averaging 30 seconds per request.

Trading platforms

FBS offers full support for both metatrader 4 and metatrader 5, including the ios, android and webtrader versions of both. Multiterminal is also available for clients using a desktop which makes it possible to manage multiple accounts at a time.

Evaluation method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the FBS offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

FBS risk statement

Trading forex is risky, and each broker is required to detail how risky the trading of forex cfds is to clients. FBS would like you to know that: CFD’s are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.2% of retail accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFD’s work and whether you can afford to take the high risk of losing your money.

Conclusion

FBS has long been a popular broker in the asian market, but faced with the particular restrictions placed on brokers in the european market – not to mention the cut-throat competition – it remains to be seen whether it can make a serious impact on traders in the EU and the UK, though its sponsorship of barcelona should help in this regard.

FBS’ european product line is quite limited compared to the international version, but spreads are still tight and support for both iterations of metatrader is much welcome. The real standout is the trading conditions on the cent account which should ensure a steady influx of new traders – though we do wonder what the attraction is here for more experienced clients.

FBS broker review

Regulated by: FCA, cysec

Headquarters: cyprus

Ranking: 13

Spread: 0.5 pips (EURUSD)

Leverage: 3000:1

Minimum deposit: $1

FBS review & author’s comment

FBS was founded in 2009 and regulated by both cysec in cyprus and IFSC in belize. The company offers generous bonuses, useful educational material for novice traders, daily market analysis in various languages and presence in many countries. In terms of account types, FBS provides a wide range of selection for professional and beginner traders. There are six options; cent account, micro account, standard account, zero spread account, unlimited account and ECN account where spread could go below zero at the expense of $6 per lot. The 3000:1 leverage offered by FBS is the highest you could get among regulated forex brokers.

FBS – step by step live account opening guide

You should walk through a few simple steps in order to open a live trading account with FBS. The application and registration procedure can be performed electronically. In case you submit the required information properly and have the verification documents ready, the process should not take longer than several minutes.

The process starts with heading to FBS website for your jurisdiction (.Eu for europe, .Com for others) and clicking the click the “open an account” button in the top right corner. The procedure may slighty differ with respect to where you live (eg. Europe and international). The first image is from FBS.Eu site which is for traders living in the european union.

And this screenshot is from FBS.Com for international clients.

Step 1 – fill the registration form

Once you clicked on “open an account” button, you will be taken to the registration form. Here, you need to submit your basic personal information, e-mail address and choose the account type and currency. Make sure the e-mail address is valid since you will need to verify it later.

Step 2 – complete your live account profile

Now, you need to complete your live account profile by submitting further information regarding yourself, trading experience and employment. Please note that this step is only compulsory for traders residing in europe. If you dont live in europe, it is not mandated for you to submit your detailed personal profile information.

It could even be possible to skip this entire step and to validate your account by uploading necessary documents outlined in the next steps. You can choose your preffered trading platform, fund your account and start trading right away if you are an international trader.

For traders living in europe, the process involves three steps. After you confirmed your email address and logged in to the FBS client zone, you will be prompted to complete your live account profile by answering questionairres regarding your personal information including your gender, full address, phone number and trading experience.

Step 3 – verify your live trading account

The final step is usually considered burdensome by some traders, however, it is probably the most critical one. In order to be able to withdraw money from your trading account, your account has to be verified.

Verification process varies depending on your residence. Traders residing in europe have to upload two documents; one for proof of ID and one for prood of residence. On the other hand, international traders have to submit only one document which is proof od ID.

Applicable documets for verification;

Proof of ID; copy of either an official ID card or passport.

Proof of address; copy of a utility bill or bank statement.

The scanned copies of those documents must be in proper format. Besides, make sure that the information is clear and visible so that compliance team of the broker can validate it with the information that you have submitted during registration.

Utiliy bill or bank statement must include the exact address that you have entered into your profile. The date is important as well. FBS does not approve if the proof of address document is older than 3 months.

Your account should be verified in few hours given that you have submitted the information accurately and the documents are valid and in proper format. Once it is finished, you can download the trading platform, fund your FBS live account and start trading forex.

1)$50 welcome bonus – FBS offers $30 welcome bonus with the leverage of 1:500. You don't have to make deposit to be eligible for this bonus.

2) $123 welcome bonus - this bonus is offerred to every trader. No contact details or verification reguired. Valid for 7 days.

3) 100% deposit bonus - fund your account and get a 100% deposit bonus. You have to send a request to your account manager to get this bonus credited to your account.

4) FBS also launches trading contests periodically and offers rewards (such as smartphones and automobiles) to the traders conditional on the amount deposited and lots traded.

FBS review

Regulate by cysec and belize IFSC. Presence in many countries. Wide range of account types. Generous bonus and promotions. Headquareters in off-shore country and limited range of trading instruments.

13 comments

Hello to all
in this puzzling span, I proclivity you all
appreciate your strain and friends

A friend of mine introduce me to a company that deals with forex also global endorsement inc company its like you invest and they pay with interest are they reliable broker

Can someone from nigeria also join and how will I join?

As far as I know nigerians are not restricted. Please consult with a customer rep on live chat

A friend of mine introduce me to a company global endorsement you make payment to them and use the money for forex trading and pay you back your capital with profit

Yes, someone from nigeria can join. All you have to do is visit that site and sign up

Dear all be aware with fbs broker its doing cheat with customer, i have open account with fbs and deposit 400 usd i hear with some where now lite coin going up side thursday 4 dec 2017 lite coin reach at 223.00 that time there was in my account 180 usd and my leverage was 1:500 i was full information broker will increase price of lite coin. Believe with me i have try to open buying position more than 20 times only once 0.01 my buying open others all buying order reject when i try to buy with 0.10 it did not work my buying orders reject why because it was going to increase and with old my all buying orders properly working i open there 0.20 sell position when the gold rate reach at 1318 it was going to increase easy all order execute there and i lost my all money on saturday lite coin price increased from 2.23.00 to 3.00.10 , 7700 points up there i can earn thousands dollar easily but fbs block my buying order and i have lose my all money with gold. Beaware with this chearter this is not a suitable.Thanks

Have you tried to contact them about your complaints?

Learn how to calculate lot size and margin requirements… if you’re using a standard account then lot of 0.10 with an account balance of 180 usd is using leverage of 1:500 is too little. If you do your calculation right you’ll see.. You should have increased your leverage to open a position with a lot of 0.10..
180×500/100000=1.9.. That’s your maximum lot size when using leverage of 1:500

I am from tanzania, and i trade freely and happy with this company for almost one year top

Hello there, I am from kenya. Can you open account? Help me pliz

Yes. You can. As far as I know, there are no restrictions for traders from kenya

Worked with FBS nearly tow years. Promotions are good and I like their MT4 server speed

FBS reviews

162 • average

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Reviews 162

Avoid this company

Avoid this company
avoid this company, take your money and run !
This company are the biggest scammers in the world, they manipulate your positions against you, they have a very sophisticated algorithm system that works against you and force you to add more money until you break your bank account. They make money when you lose money, they are misleading.
They have hurt so many people for years and years, they will let you make a small profit, then margin call your position without reason, blaming the market volatility, whilst in fact they controlled the positions directions to make you lose money and force you to add more money into your account, then when your account is full of your honest well earned money, they will hit you hard and take all your money. Beware of this company, avoid them at all cost.
They will deny you access to your account, they will not let you control your positions, they will manipulate how you take profit and only allow you to control your position when your positions occurs huge loses.

If you currently losing money unfairly, stop your loses now, if you have lost most of your money unfairly then call action fraud police or better still contact to mr grayson the fintech company age nt who helped me with gettingmy money , via frederick_grayson*at outlookcom. Report them to the FCA & financial obdusment, contact your MP if you are in the UK and make them accountable for their misleading & fraudulent activities.

Take your money and be safe

FBS is not a bad place

FBS is not a bad place, made some good money with them but when I had to withdraw, had some issues and was looking impossible to get my money until I involved swiftreclaimglobal to reach out to them and I got my funds back.

Mostly i trade gold ,,recently FBS has…

Mostly i trade gold ,,recently FBS has increased the spread on gold in a crazy way, today i saw it reached 80 pips so what i have done i removed my FBS MT4 platform from my desktop ..Good luck

Good trading platform but some minor issues

Excellent. I made my first withdrawal from my trading account last week and got it today. The only issue is that their FBS laptop MT5 server is slow. I can't login up till now. I am using my ipad terminal. I prefer the laptop terminal because it helps me trade with algo because I don't have time trading on my own. I don't think I will prefer another option like the FBS copy trading. I personally prefer algo trading than FBS copy trading. Leverage is adjustable from 1:100 to 1:3000. The choice is yours. Thanks FBS but they should please work on the laptop FBS MT5 server. It is really giving me a second thought. I have complained about it to the customer service and they were very responsive in attending to customers. I am still experiencing difficulty logging into the FBS laptop MT5 server. I will keep readers updated.

This is a scam website, please do not involve.

I feel pissed off with this copy trade website due to their scamming scheme. Below is my experience:
1. On saturday 26th december 2020 I topped up my account with 3.875,96 USD
2. I started copying some traders in the CT platform. I checked that they only trade with currencies, not cryptos. So in the weekend, the trades should be closed or pending. But when I started copying, the account immediately started with minus profit.
3. Realizing abnormalities, I stopped all investment with loss of 125$ right within the weekend and contacted support center. Below is their email response:

"
dear nguyen quoc huy!
Thank you for contacting us!
Let us remind you that the market is closed during weekends which means that there are no prices and consequently trader is not trading.

However, you still can start copying. And in this case the system automatically calculates investor’s pnl according to the last price available on friday.
And at the moment of order opening the spread is deducted just as usual. But since there’s no further quotes the pnl freezes till the market opening on monday.
On monday the trading continues and pnl will update.
Please, feel free to contact us if you have any further questions.
We wish you lucky trading!"

So you can see their scamming scheme, I stopped all in the weekend that mean no loss to them at all, but I still got - profit. They do not show current pnl status of traders neither providing current positions of traders, we just see the statistics which is beautiful . They can make up any trader with nice statistic and attract you to join before draining down your capital with a sudden loss from nowhere.
Be smart when investing. Contact me if you need full conversation with them. Don't trust their advertisement.

So, let's see, what we have: find out if FBS is A scam or not by checking out this review. By the time you're done reading you'll know the answer and A lot more about forex at fbs broker scam