FBS is a multinational broker that was established in 2009. FBS is licensed by the Cyprus Securities and Exchange Commission and is run by Tradestone Ltd. in the EU (CySEC). FBS Markets Inc. operates the Global Branch, which is regulated by Belize’s International Financial Services Commission (IFSC).
FBS is based in Cyprus and claims to have over 17 million active traders in over 150 countries, including Malaysia and Indonesia, as well as South Africa, Pakistan, and the European Union.
Thanks to the owner and CEO, FBS Trader is a free and fully functional trading program. It is available for download (APK) on Google Play for Android devices. It is also accessible on iOS outside of the EU. The downloaded software from the broker includes currency and the greatest trading tools, as well as real-time data and simple administration.
Applications for MT4 and MT5
On the App Store and Google Play, both MetaTrader platforms are accessible as mobile applications. The applications provide technical analysis and one-click trading on the go, as well as the key capabilities of native platforms, including technical analysis.
Clients can access a wide range of assets for trading:
- Forex: 28 standard pairs plus 16 exotics
- Metals are the four precious metals.
- WTI and Brent crude oil are examples of energy.
- Global Stocks (Global only): 40 US stocks, 30 UK stocks, and 30 German stocks.
FBS offers different spreads depending on the account type and area. The multinational firm’s micro account offers a 3.0 pip spread on EUR/USD, 1.1 pip on standard and cent accounts, and 0 pip on zero and ECN accounts.
In the EU, both standard and cent accounts have the same spread of 0.7 pips. Competitive spreads on Zero and ECN accounts delighted our reviewer.
On a zero spread account, the Global Branch charges a fixed cost of $20 per lot, and $6 on an ECN account. It also has a $3 stock trading fee and a $25 CFD trading fee. In the broker’s trading account, the commission for opening and closing positions is 0.05 percent.
The maximum leverage allowed is determined by the account type and branch. On basic and cent accounts in the EU, the broker offers leverage of up to 1:30. It provides a cent account with a leverage of up to 1:1000, an ECN account with a leverage of up to 1:500, and other types of accounts with a leverage of up to 1:3000 globally.
FBS has a 40 percent or less margin call, after which it has the authority to close the client’s position.
Users may pick from a variety of real accounts when they sign up. Standard and cent accounts are available throughout the EU. A micro account, zero spread, and ECN are also available at the worldwide branch. Different sorts of accounts have the same order volume. Unlike other accounts that employ STP, an ECN account has no trading limits and market execution is done via ECN.
For new digital currency investors, FBS now provides a specialized cryptocurrency trading account. To increase the quality of trading, clients may open positions on leading tokens using a range of tools and analysis features. The broker’s cryptocurrency trading solution allows for leverage of up to 1:5.
The “Level Up” incentive is now being used by FBS. To level up, create a bonus account and receive $70. This may be extended to $140 via the FBS Personal Area app. The FBS website has all of the data and conditions.
In the EU, FBS offers sample versions of cent and standard accounts. There is integration with MT4 and MT5, as well as a variety of instruments for practicing zero-deposit trading. After you’ve become acquainted with a broker’s services, you may open a real account.
With secure and adaptable trading tools, the FBS CopyTrade solution allows beginners to emulate the performance of elite traders. The user-friendly mobile app allows clients to compare traders, allocate cash, and create their own trading portfolio.
FBS also provides risk-free trading for the first three trades for novice traders. When clients sign up for the first time, they must choose three traders to replicate, up to $100 each, and click to sign up for a risk-free campaign. You earn if your deals conclude with a profit. You will be repaid the initial deposit amount if they result in a loss.
The FBS website offers an analytics area with forex-related news, market updates, and a Forex TV feature with educational films, weekly analysis, and trading strategies. This broker also offers a mobile app with an economic calendar and currency calculators, as well as a wealth of instructional resources, including live webinars and tutorials.