With the growing of Forex’s popularity, it becomes not so easy to know where to sign in and where to trade if you don’t make lots of accounts on different sites to search. Therefore, the main aim of this FBS reviews is to introduce to you one of the most popular Forex brokers so that you can modify your plan.
The FBS broker is not a usual brokerage you may see since it operates in various countries. It is an example for global dealing platform with many branches around the world and the headquarters are in Asian nations. Let’s find out which factors that help this intermediary be chosen by traders:
Table of Contents
Regulations
Every best forex brokers 2019 is being supervised by one or many regulatory organizations in the world and the FBS is also regulated by the two common agencies nowadays. They are the CySEC with the registration number 353534 and the IFSC under the number IFSC/60/230/TS/18. It is clear that these regulations have created a better trading environment, and thus, the higher dependability of the FBS broker.
Reliability
Bear in mind one thing that the more reliable an intermediary has, the more opportunity it is picked up by a tradesman. The FBS brokerage manages to have more reliability since it achieved a large number of awards thanks to the service. It is also recommended by many existing clients all over the world.
Account Types
Another tactic of a Forex broker is to offer lots of account types for traders to choose so that they can regulate their trade. FBS has some accounts and they are classified by the earliest deposit or the lowest capital requirement:
Cent Account – Not a bad option for apprentices in the trading Forex to gain experience.
- Minimum money requirement: $1, same as Exness minimum deposit.
- Floating Spread
- No commission
- Leverage up to 1000 times
- Market Execution
Standard Account – A nice type for higher level tradesman or for a trader with new trading tactics.
- Lowest deposit: $100
- Floating Spread
- Commission-free
- 1:3000 Leverage
- Market Execution
Zero Spread Account – You learn more about the market conditions and the affection they create to your trade.
- Least deposit: $500
- Fixed Spread
- Commission-free
- 1:3000 Leverage
- Market Execution
ECN account
- Smallest deposit: $1000
- Floating Spread
- No commission
- Leverage up to 500 times
- ECN Execution
Commissions & Spreads
FBS has given out competitive spreads for customers but they are also fitting the global market. The least fixed spreads offered are 3 pips and the floating spreads are only 0.2 pips. This is a very good advantage and maybe the best for traders.
Deposits & Withdrawals Methods
We need to understand that the FBS is one of the greatest brokerages in this section because it offers a lot of payments and withdrawals selections.
In particular, there are over 70 options to pay. Most of the usual techniques are supported: e-wallet, credit cards, and bank wire. USD and EUR are generally paid but you can use THB as well, the FBS allows it.
To withdraw the funds, you can choose from various ways the FBS provides and all the normal ways are supported. You just need to remember one thing that the transfer time varies from each option. If you need a fast one, choose e-wallet because it is immediate. Otherwise, it is up to 48 hours for credit cards users.
Bonus & Programs
Brokers use bounties to attract more traders to work with them or to reserve the regular ones. For FBS, it has many profit types for their clients. They are the $50 welcome profit, the Bonus 123, the 100% deposit bounty. And if you are lucky enough, you can win an iPhone X while trading thanks to the trading promotions that FBS grants.
Customer Support
One significant reason for choosing FBS is the services for their clients. It is possible for you to request a help anytime through email or video call since they work the whole week. They also provide different languages to make a choice if you are not good at English.
Up next, Exness reviews.