This detailed and balanced approach lets us present you with the most comprehensive and objective picture, enabling you to make informed decisions. Continue reading to learn more about how FBS performed in these aspects. FBS also offers a complementary trading app known as the FBS broker app. It’s available across Android and iOS platforms, allowing many smartphone users to access the broker’s services conveniently from their smartphones. 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.
The FBS broker closes my account without giving me an explanation
FBS accepts 200 payment methods, including bank wires, e-wallets, localized payment processors, and cryptocurrencies. Several deposit and withdrawal methods are available including wire transfer (EU only), Visa, and electronic payment systems, such as Skrill and Neteller. 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 Help Center answers many questions, and I had no reason to contact customer support during my FBS review, as FBS explains its products and services well.
- Both MetaTrader platforms, MT4 and MT5, are available, including mobile apps for convenience.
- FBS is a regulated online broker and needs to verify each trading account.
- With these protections in place, your funds remain secure at all times.
- Another common method used by Forex scammers on social media is spreading false information and market analysis.
Crypto Brokers
Your funds are safest when working with licensed and reputable brokers — avoid taking unnecessary risks with questionable entities. These gaps make it harder to dismiss the idea that FBS might be a fraud. What differentiates the brand from other offers is the special company structure as well as the diversified target market. Traders get 550+ assets with a focus on Forex and equity trading. I like the overall balance of the asset selection, but the absence of ETFs is a shame, and I would like more cryptocurrency CFDs. Our FBS broker review found that the process of opening an FBS account is simple and straightforward.
FBS Review: Trading Instruments
For a more comprehensive and rewarding crypto trading experience, we suggest exploring our list of best crypto brokers that focus on cryptocurrency markets. These platforms offer better liquidity, advanced features, and specialized tools for managing the inherent risks of crypto trading. Errolle Collins, with an academic background in accounting, is a finance writer with over a decade of experience, specializing in online trading insights and scam recovery services. Discover expert advice on stocks, forex, cryptocurrencies, and navigating the world of legitimate trading platforms. The rise of online trading platforms has made it easier for traders to access global markets, but it has also led to increased scrutiny of the brokers facilitating these trades. FBS, in particular, has found itself in the spotlight of these discussions.
Does FBS provide bonuses?
FBS emerges as a compelling choice with its diverse trading instruments, intuitive platforms, and efficient customer support. The broker’s commitment to offering low minimum deposits, competitive spreads, and an array of educational materials makes it an accessible and attractive option for traders of varying experience levels. However, it’s pivotal to acknowledge that FBS may have limitations in offering certain trading instruments. Topforx recommends FBS because most reviews show that the broker’s clients are very happy with the company. FBS offers low fees for trading stocks and stock indexes, and there are no extra fees for not using your account.
FBS enables traders to access MT4 and MT5 directly through web applications, allowing them to trade without the necessity of installing additional software. Withdrawing money from your FBS account doesn’t incur any fees from FBS. Putting money into your FBS account is free from FBS’s side.
- In this FBS markets review, we’ll discuss the five main equities and markets that users can trade below.
- The positives of regulation compliance, platform features, and customer service appear to outweigh most limitations as per existing trader feedback.
- On the contrary, FBS is a legit platform that is trusted by over 27 million traders worldwide.
- Primarily focused on forex trading, FBS offers educational products for traders.
Is FBS Legit?: Regulation
To determine if a broker like FBS is trustworthy, start by verifying its licenses on the official websites of top regulators like FCA, ASIC, or CySEC. Offshore licenses with minimal oversight should raise immediate caution. Review aggregators also indicate a pattern of glowing reviews that may not be authentic, raising doubts about their credibility.
FBS is a regulated online broker and needs to verify each trading account. Without fbs broker reviews a complete verification of the trading account, you can not do withdrawals or even trade real money. KYC (Know Your Customer) is a standard process in the online broker world.
Currency Conversion Fee
Other fees at FBS are the withdrawal which differs depending on the withdrawal method of your choice. Below is a table showing the differing fees per withdrawal method. All fees are included in the spread, so there is no separate commission. FBS prides itself on delivering exemplary customer support, marked by its responsiveness and versatility. FBS avails platform versions for Windows and Mac desktops, ensuring a comprehensive trading experience. FBS does offer guaranteed stop-loss orders, ensuring added protection during unforeseen market fluctuations, and these may incur additional fees.
There are several equities and markets to invest in and trade on FBS. In this FBS markets review, we’ll discuss the five main equities and markets that users can trade below. 75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money. All the services on the TopForx.com website are free for you to use.
Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… The range of account types, platforms advanced tools, and convenient customer support proof this. Trading costs are average, and there is no misunderstanding in the market that FBS is a model company as an ECN Broker. They have MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are very popular. These platforms have tools to help with trading charts, are easy to use, and support automated trading.
Cryptocurrencies are digital assets that are impossible to counterfeit and are based on a blockchain network. The stock market or stock exchange refers to a public market that offers buying, selling, and exchanging of stocks of publicly traded companies. Also known as the foreign exchange market or FX market, Forex is the world’s most traded market. About $5.1 trillion worth of value is exchanged per day and perhaps FBS is best known for its online platform for forex markets.
I myself traded elsewhere, so there were delays in payments, so I decided to try with fbs. I tried to withdraw a small profit for the test, so they have fbs withdrawn during the day. With its additional tools, like VPS hosting and VIP Analytics, FBS takes the trading experience a notch higher. Another good point to admit about FBS is the customer support it provides.