FBS Review 2019

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

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Mobile Trading Platforms

“The FBS Trader, the MT4 and the MT5 apps are the mobile trading platforms provided by FBS Markets.  The apps are designed for the android and iOS mobile devices.”

FBS Trader: This is the proprietary mobile trading platform designed by FBS to give traders a simple but efficient way to trade on the go. It is optimized for speed and functionality. The FBS trader is designed for the Android and iOS and it is downloadable from their app stores. Here are some of its features:

  • Instant access to account management, including deposits and withdrawals.
  • Live quotes and real time charts.
  • Direct access to the support team on a 24/7 basis.
  • Access to trade multiple instruments in real time.
  • Access to detailed order information.

The MT4/MT5 mobile apps: These are trading apps designed by MetaQuotes Software; a Russian company that designs forex trading softwares. The apps are simple yet sophisticated for complete analysis and monitoring the markets. Both the MT4 and the MT5 are separately designed for the iOS and android operation systems. The apps can be downloaded from their respective app stores.

Here are some of the features of the apps:

  • Simple interface, user-friendly and easy to use.
  • Real-time market quotes.
  • Order management functions including history, SL and TP.
  • Account management.
  • Technical analysis using charts, technical indicators and annotation tools.

Trading Features

“FBS provides the “CopyTrade” which is a social trading platform. The MT4 Multiterminal, Fix Rate and VPS are other tools provided to aid the trader.”

FBS CopyTrade Platform:

This is a social trading platform where traders can automatically replicate the strategies and trades of professionals. CopyTrade enables rookies to trade and make profits like a pro. FBS provides a list of pro traders displaying their profiles, success rate, number of copiers and commissions charged. A trader can then check the statistics of professionals and from there choose whom to copy. On the other hand, pro traders set up their accounts to allow copy trading and specify a commission percentage. This can serve as a major source of income for the pro traders as they can earn huge commissions from hundreds of copiers. FBS CopyTrade has an android and iOS app which can be downloaded and installed from their app stores.

MT4 Multiterminal:

This is the MT4 platform for multiple account managers. It is downloadable from the FBS website as a desktop application for windows PC. It is used to place trades and manage several client accounts at the same time.

Fix Rate:

Once this feature is enabled, it cannot be disabled.  It allows clients to deposit and withdraw funds at a fixed rate irrespective of what the exchange rate is.

Virtual Private Server (VPS):

Some traders require VPS for stable internet connection, protection from power interruption and for general smooth running of EAs and other trading systems. FBS provides a free VPS server to its clients that meet the conditions of depositing at least $450 and trading at least 3 lots per month.

Commissions & Spreads

“FBS Markets charge its clients from the spread for most account types. But, commissions are charged only on Zero spread and ECN accounts.”

Find below the asset symbols and the typical spreads charged on the FBS platforms.

SYMBOL TYPICAL SPREAD SYMBOL TYPICAL SPREAD
CURRENCIES USDRUB 100
AUDCAD 5 USDTRY 10
AUDCHF 7 USDZAR 20
AUDJPY 3 STOCKS
AUDNZD 6 AIG 3
AUDUSD 0.8 ALCOA 3
CADCHF 2.3 ALIBABA 3
CADJPY 4 AMAZON 3
CHFJPY 7 APPLE 3
EURAUD 11 AT&T 3
EURCAD 6 BAC 3
EURCHF 7 CISCO 3
EURGBP 1.5 CITIGROUP 3
EURJPY 3 COCA-COLA 3
EURNZD 7 DISNEY 3
EURUSD 1.1 EBAY 3
GBPAUD 5 FACEBOOK 3
GBPCAD 7 FORD 3
GBPCHF 7 GE 3
GBPJPY 4 GM 3
GBPNZD 6 GOOGLE 3
GBPUSD 0.9 HP 3
NZDCAD 5 IBM 3
NZDCHF 3.4 INTEL 3
NZDJPY 2.2 JPM 3
NZDUSD 4 MASTERCARD 3
USDCAD 3 MCDONALDS 3
USDCHF 7 MICROSOFT 3
USDJPY 2 NETFLIX 3
CNHJPY 24 NIKE 3
EURCNH 2 NVIDIA 3
EURTRY 5.5 ORACLE 3
USDBRL 1 PEPSICO 3
USDCNH 1.5 PFIZER 3
USDMXN 10 TESLA 3
METALS VISA 3
Platinum 240 WALMART 3
Palladium 240 CFD
XAGUSD 2 BRN 2
XAUUSD 10 DAX30 2
WTI 2

*The above list was taken from www.FBS.com and is correct at the time of writing. The list is subject to change without prior notice.

Bonus & Promotions

“The bonuses available are: ‘Get a car from FBS’, Trade 100 bonus, 100% deposit bonus and cashback. The contests available are: ‘FBS makes your dreams come true’ and FBS Pro”

FBS EU clients are not offered any promotions, contests and bonuses. This may be due to the stringent regulations from CySEC. However, FBS international clients are offered the following promotions:

Get a Car from FBS: This is a promo where FBS rewards clients with exotic cars. The promo comes up periodically. The website contains the list of the previous winners and their cars.

Trade 100 Bonus: FBS gives new traders a capital of $100 to start their forex/CFD trading journey. There are terms and conditions.

100% Deposit Bonus: FBS clients have the opportunity to double their deposits with this bonus. Just fund your account and activate this bonus.

Cashback:  This bonus can be activated in the members’ personal area. FBS gives traders a cashback of up to $15 per lot traded within a month.

Several contests have come and gone. FBS keeps encouraging its clients with periodic contests. The following Contests are currently available on the website:

FBS makes your dreams come true: This is a monthly contest where FBS grants the wish of a trader. Clients are encouraged to share their dreams on Facebook and tag two friends. Every month, FBS chooses the most outstanding dream and fulfill it. A list of winners is published monthly.

FBS Pro: This is a demo account trading contest. New traders are required to earn the greatest profit on demo accounts within two weeks. 5 winners emerge with prizes are as follows:

1st prize; $450

2nd prize; $250

3rd prize; 150

4th prize; 100

5th prize; $50

FBS holds a monthly “Dreams Come true” contest, which is a charitable project aimed on helping people get one thing that can change their life for the better.
Participants need to share their most sincere and original wish on FBS Facebook page. There are no restrictions for the wish except for one thing: they’re not supposed to ask for money.

Every month, FBS team picks the most touching and life-changing dream and makes it come true. Over the years, the company gave away motorbikes, gadgets for trading, domestic appliances, a romantic trip, and even a cow.

Participation is free of charge – even for those who are not FBS clients yet. The contest has been on for years now and attracts lots of people from month to month.

Customer Support

“The customer support desk is available 24/7 on the various chat platforms like instant web chat, Facebook messenger, telegram and viber. Social media channels are Facebook, YouTube, twitter and Instagram. ”

The FBS Markets helpdesk operates round the clock. The broker proudly states that its customer support is available 24/7 in your native language. The following support channels are available:

  • Chat: This feature is available via different channels such as: instant web chat, facebook messenger, telegram and viber.
  • Email:The EU zone has an email support desk: info@fbs.eu
  • Phone Number: Help desk + 357 2531 3540
  • Fax Number: Help desk + 357 2531 3541
  • Call back: This form is used to schedule a call back. Just fill your phone number and preferred time of call. An FBS customer representative will call you back.
  • Social Media: The following social media channels are available:
    • Facebook.com/FBS Markets Inc
    • instagram.com/fbs_forex
    • Twitter.com/FBS_news
    • YouTube.com/FBSforex
    • https://t.me/fbsonlinetrading

The chat support assistants are efficient. It took between 30 seconds to 3 minutes to get a response from  the various chat platforms. The social media handles are active and regularly updated.

Research

“The economic calendar, currency converter, Forex news, daily market analysis and forex TV are some of the research tools provided by FBS Markets to assist the trader in making his daily trading decisions.”

The following research tools are provided:

  • The Economic calendar: This is a list of important economic events from around the world that are expected to have an impact on the market. The FBS economic calendar shows the expected impact level and the assets affected as well as history. This is important for fundamental analysis.
  • Forex Calculators: This tool is used to calculate the expected profit in a trade.
  • Currency Converter: This tool is used to convert one currency to another using the market exchange rate.
  • Forex news: This comes up every market day on the website. The news updates the trader about the financial market prices, policies and general economic activities. It covers a range of asset classes including commodities, currencies, stocks and economy.Forex Calculators: This tool is used to calculate the expected profit in a trade.Currency Converter: This tool is used to convert one currency to another using the market exchange rate.
  • Daily Market analysis: This feature details the technical and fundamental analysis for the Forex and CFD market. The analysis is done by FBS experts and posted every week day. The technical analysis is small snippets together with a chart and the fundamental analysis is a really detailed look at the market events and geopolitics affecting the assets.
  • Forex TV: This consists of videos created to give traders a daily plan as well as weekly insights. This is an excellent way to stay updated on the markets.
  • Trader Education

    “The education centre provided by FBS has the Forex Guidebook, tips for traders, Forex books, webinars, seminars, video lessons and a glossary.”

    The following educational content is provided:

    Forex Guidebook: This is a comprehensive trading course arranged into beginner, elementary, intermediate and experienced level courses. The course consists of written articles professionally arranged and presented.  You can work your way through the levels and the course is comprehensive enough to cover all the key fundamentals of trading for each level, including all of the main trading strategies to know.

    Tips for traders: This section of the education centre contains important strategies and lessons on some selected areas of trading.

    Forex Books: These are a library of books recommended by FBS to its clients. There are over 100 books. Each book has a webpage introducing the contents and benefits of reading it. Most of the books can be bought from www.amazon.com.

    Webinars:  These are periodically announced on the FBS website. All participants must preregister before the event. All webinars are free.

    Seminars: Occasionally announced on the website, the date, venue and language is published. Seminars give clients the opportunity to receive face to face trainings from FBS resource personnel.

    Video Lessons: These are a series of short and precise videos. There are 22 videos on forex trading, 6 on MetaTrader and 9 videos on FBS services.

    Glossary: A glossary of major forex terms is provided. It has about 29 terms only. Each term has its own webpage where an article is written about the term explaining its meaning and full details.

    Trading Experience

    “FBS Markets is a broker that has excellent services for all trader levels and experience. It is suited for all trader classes and styles of trading.”

    FBS has been in the brokerage industry for about 10 years. The brand’s trading services and many other services are designed to encourage every type client from beginner to pro. The FBS brokerage services are best for all trading strategies.

    The MT4 and MT5 platforms provided are suitable for complex strategies and sophisticated trading styles. Expert traders are presented with all the necessary tools needed to remain successful. Market news and analysis are provided to keep the trader updated and informed. This covers all main asset classes. There is also some amazing educational features including a well written course.

    New traders can choose the FBS CopyTrade to earn from copying experts. They can also use the education centre to learn, participate in demo contests and promotions. Traders with small capital can start from the cent account or trade for free with the $100 from the “Trade 100 bonus”.  FBS is best for beginners, and intermediate-level traders.

    FAQ

    Here are some of the “Frequently Asked Questions” about FBS Markets:

    Where is FBS Markets based?

    The FBS Markets broker operates from Belize and Cyprus.

    How does FBS Markets make money?

    FBS Markets makes money from spread charges and commissions. The broker is a no dealing desk ECN and STP broker, meaning it passes on the trades to third party liquidity providers or the electronic communications network.

    How do I deposit in FBS Markets account?

    The payment options accepted are: Credit/Debit Cards like Mastercard, visa card and the ePayment portals such as Neteller, Skrill, SticPay, Perfect Money and Bitwallet.

    What is the min. deposit for FBS Markets?

    The minimum deposit is $1.

    What is the maximum leverage in FBS Markets?

    Maximum leverage is 1:3000 (global brand) and 1:30 (EU brand).

    How do I open an account with FBS Markets?

    Click the “Open an account” button found on the top right hand side of the website.

    Does FBS Markets use MetaTrader?

    Yes, the MT4 and MT5 are provided to all clients.

    Conclusion

    FBS Markets is a Forex and CFD broker that has been in operation for ten years. It is regulated by the CySEC and IFSC. The brand has implemented several security measures to protect clients and their investments.

    FBS provides the MT4 and MT5 trading platforms as WebTrader, desktop applications and mobile applications. These platforms are perfect for every trading style, strategy and all levels of traders Social trading is also available for all clients who wish to copy trades or allow their trades to be copied.

    A comprehensive education centre is provided for all traders. Trading tools are equally available. Several contests and promos are periodically live on the FBS website to encourage, excite and assist traders.

    Here are the main features of trading with FBS:

    • It is a CySEC regulated broker.
    • Well experienced broker with a huge customer base.
    • Complete trader academy, tools and analytics.
    • Low trading capital ($1) and very high leverage (up to 1:3000)
    • Cutting edge platforms which include MT4 and MT5.

    Top User Reviews

    See All User Reviews
    4.4(46)
    FBS Overall Rating
    FX Empire adheres to strict standards of user reviews editorial guidelines to help you make decisions with confidence.
    Rate FBS
    Latest 5 user reviews sorted by highest rating
    Ole Os
    5/5
    Reliability:
    5/5
    Platforms:
    5.0
    Assets:
    5.0
    Support:
    5.0
    Olymp Trade

    La seguridad impresiona. Olymp Trade es una empresa segura de verdad, puedes confiar sin miedo. el fondo de las garantías es 20000 dólares

    yossi spektor
    Interesting.
    Ole Os
    5/5
    Reliability:
    5/5
    Platforms:
    5.0
    Assets:
    5.0
    Support:
    5.0
    . Olymp Trade

    La seguridad impresiona. Olymp Trade es una empresa segura de verdad, puedes confiar sin miedo. el fondo de las garantías es 20000 dólares

    T
    Tibisay Ramos
    5/5
    Reliability:
    5/5
    Very Trustable

    I like the learning materials they have and the analytics. I have got a 50$ bonus and so far so good. I withdrew my first earnings with no problem at all.

    l
    lina mohamad
    5/5
    Reliability:
    5/5
    very trusted broker

    there is many actual reasons to keep trading with FBS GREAT offers ,my favorite is get i-phone as an extra gift for trading so patient support ,which i need all the time fast withdrawal ,the most important for me

    V
    Vladimir Rojas
    5/5
    Reliability:
    5/5
    Very interesting broker!!!

    I think it is a very interesting broker that offers many services, bonuses, trading possibilities with different resources, and also good prices and commissions conditions. You can invest from $ 1 and their deposit methods are: transfer, card, Skrill, WebMoeny, Neteller and more. It also offers some very good flexible trading conditions and a great variety of promotions

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