FBS Review 2023: Is FBS Broker Legit or Scam?

The FBS copy trade app is compatible with every operating system and is available in the app stores of Android, Windows, and Apple. The app is accessible on iOS devices only beyond the EU region. The transactions take place almost in an instant by the payment processor for every mode of payment. However, for transactions through bank transfer, the deposit and withdrawal methods take at least 48 hours for confirmation. The platform charges a transaction fee for withdrawals at the international offices.

  • Download the app from the app store and start trading and investment on the go.
  • Been with them for almost 3years now, but just this september 2, my withdrawal of total of 700 usd was not yet credited in my card.
  • Quotes and news are received in real time just like on any MetaTrader account.
  • Unlike FBS, exness and octafx doesnt charge fees on withdrawal.
  • Operations in the international foreign exchange market Forex contain a high level of risk and are not suitable for all investors.
  • Deposits are usually prompt, and the support team is responsive, so you can always count on them when needed.

FBS offers many types of bonuses like deposit bonus, welcome bonus, or loyalty program. Their deposit bonus gives back trader 100% of the deposit amount. Also, there is the cashback program, which rebate you $7 for every lot traded. You just need to sign up and $50 will be transferred to your account immediately.

star review by chico.trader, Brazil

These two platforms are the products of MetaQuotes Software Corporation which is a firm specialised in developing trading softwares. They came up with the MT4 in 2005 and later in 2010; they developed its updated version known as the MT5. FBS has no restrictions on Indian traders and accepts them as clients.

It makes the whole trading experience much more convenient. FBS welcomes a new option for Dutch traders – both desktop and app versions of the Personal Area is now available in the Dutch language. The feedback from FBS clients states that a new language is highly appreciated among the audience.

Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. https://forex-review.net/ The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators.

From the app, I can manage my personal profile, fund and withdraw from my trading accounts and also view the accounts history. Customer support is also accessible from the app if you need help. FBS provides access for you to buy and sell over 75 trading instruments. The trading platforms available are the popular MT4 and MT5 trading platforms.

FBS’ Financial Instruments

For VISA withdrawal, the commission fee is USD,1 whereas for withdrawing through Neteller, the commission fee is 2%, while the fee varies between USD 1 and USD 30. In order to use the economic calendar, select the time zone and then use the numeric indicators to navigate across the changes in the financial markets. Compare the figures of the Actual, Previous, and Forecast values given in the economic calendar to make prudent business decisions. The Cent Account displays the initial balance in the form of cents. It is recommended to the users to try out their new trading strategy and perform swing strategy through Cent Account before venturing into the live market with higher sums.

fbs forex review

It works the same way as in sport, first you train and learn, then you earn and get stronger, faster, and more efficient. Level Up Bonus has been designed to help our clients learn more about risk management and trading with smaller amounts. FBS level up bonus account is fake, don’t get fooled by them, it is fake. I did everything according to their terms and conditions but they say otherwise. I made 140 $ profit, completed 5.00 lots but they won’t give me profit. Some traders may have a hard time letting go of trades that are already started, and a calculator allows you to let go by calculating your profit or loss.

On the other hand, successful traders have the opportunity to present their trading portfolio and offer to being copied to the FBS network of investors. For each investor following their strategy and copying their trades these strategy managers earn extra commission from successful trades. One of the negative FBS Broker experiences is that charges are generally levied for payment transactions with the exception of credit cards or bank transfers. The deposit fees for this vary between 0.8 and 7.5 per cent.

While the standard account of FBS is a very popular choice among traders, it might not be the best choice for beginners. If you have just started Forex trading and you do not have much experience in the market, it might be a better choice to go with special account types created for beginner traders. The FBS CopyTrade, analytics and trading tools are also very useful to help you with your day trading activities. The broker has won multiple awards and serves millions of traders across the globe. Despite that, I have to admit that there are other online brokers who offer much more trading instruments and more favourable fees overall, including IC Markets.

In case of force majeure situations on the financial markets, investors’ accounts won’t go into deficit. I am interested in opening an account at FBS because the trading conditions are in accordance with my trading strategy. And I am very happy to take advantage of its 100% deposit bonus because it really helps me to increase my opportunities in forex.

Any cryptocurrency deposits below the minimum or ones sent by mistake through another blockchain or from an incompatible address may result in loss of funds. The Client acknowledges that he risks losing the funds if the amount sent is below the minimum cryptocurrency deposit. Finally, kindly note that FBS works only as an intermediary when performing financial transfers.

Are you a small-town trader or a professional with big dreams? Do you wish to make it big in the industry of online trading and investment objectives? If yes, then it is now time to gear up for the best online trading experience ever.

Desktop Platform

As per the FBS forex review, the Micro account can help in the precise calculations of your trades. It does this by offering amazing trade measuring tools, such as Trader’s calculator. To execute trades, it’s recommended that beginners use the FBS trader application.

fbs forex review

Yes FBS doesn’t have its own proprietary web trading platform. Instead, it uses MetaTrader 4 and 5, a third-party platform. Can serve as a major source of income for successful traders as they can earn large commissions from a potentially unlimited number of followers.

How we ranked fees

Many popular asset type, like real stocks and ETFs, are not available. If you start typing, it automatically displays all relevant instruments. A bank transfer can take several business days, while payment with a credit/debit card is instant.

The website of FBS international forex broker site maintains strict confidentiality of the users’ personal information through 2FA authentication. The platform also maintains money protection by segregated fbs forex review accounts. The segregated account safeguards the client’s money against unethical practices. Overall, the international broker site of FBS is highly secure and customers may trade safely at all times.

The online broker also does not offer investments in PAMM accounts and does not provide a trusted investment program. The only option for passive online trading with FBS is trading with Expert Advisors. I am trading on FBS cent account which is my great experience. In my outlook, forex trading is one of the smartest businesses to hook up with. And one can succeed for sure if there is a bridge with a legit brokerage house. The main goal of thisFBS reviewis to share my thought and experience with the platform.

They insist of ARN to be relayed to my bank but my bank doesn’t recognise their provided ARN. My bank requested them certificate or proof for the refund but all they provide is ARN which is not recognise or cannot be used by bank for checking and verification. We want to point out that we do our best to help our clients resolve their financial operations issues. We are beyond grateful to our clients for their cooperation and endless patience.

In this platform, buying and selling forex is very simple and easy to understand. Furthermore, the price indicators that are being used are much simpler and clearer to see. We found in our FBS broker review that the differing and multiple options when it comes to account creating make the platform experience hard to rival. Since the platform has been well regulated and established across hundreds of countries, the experience is practically smooth. Depending on which trading platform you plan on integrating with your FBS platform, your experience may vary in terms of trading.

The regular verification documents are required and FBS needs to satisfy AML and KYC requirements as mandated by its regulator CySEC. The registration part should only require a few moments before traders can access their back-office from where further documents can be uploaded. The CySEC regulated branch of FBS doesn’t offer any special bonuses or promotions to traders in keeping with regulatory policy.

When it comes to deposit and withdrawal options, once again FBS sticks to the basics. Forex traders have the choice of credit cards, bank wires and Skrill or Neteller which are both regulated in the EU. All deposit fees are waived which is standard industry practice and the deposit time is listed as instant with the exception of wire transfers. Beginning traders engage in forex trading or copy trading by signing up with the Cent Account of FBS. The users have to make an initial deposit of only USD 1 to initiate low-risk trading in the markets. The initial deposit varies for the users based on the trading region and account type payment provider of every user.

CySEC is directed by a board of directors that is appointed by the Minister of Finance. The board has representatives from various financial institutions and regulatory agencies. By 2016, FBS achieved more the 2.5 million active traders with around 200 million open orders. As the years go, the company became more mature and increased its operational area.

How to open a trading account with FBS

We compared brokers by calculating all the fees of a typical trade for selected products. We also compared FBS’s fees with those of two similar brokers we selected, Admirals and XM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. In the sections below, you will find the most relevant fees of FBS for each asset class.

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