FBS was founded in 2009. Since the very beginning, it has taken places in this tricky niche. Now this broker has more than 37 different awards, including Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia and Best Forex Broker Thailand, Best International Forex Broker as well as Best Customer Service Broker Asia 2016, Top IB Program 2016, Highly Recommended Broker Insurance Company in Indonesia of the year, Best Forex Brand, Asia 2015, Best Safety of Client Funds Asia 2015, Best broker in Asia-Pacific region 2015, Best broker in the Middle East. Pretty impressive list. Isn’t it? While operating in around 190 countries, FBS obtained more than 9 million traders.
Minimum deposit starts from only 1 USD for cent account. This is an amazing opportunity to get a deeper understanding of the Forex market without investing a lot of money. For standard and other types of accounts, the minimum deposit varies from $100 to $1000.
FBS presents different types of accounts – Standard, Cent, Zero Spread, ECN, Micro and Unlimited. Every type of account has its own pros and cons.
Let us go further. We have covered more in-depth details about the broker in this FBS Review.
FBS Fees and Spreads
Spreads vary a lot. It depends on the account type and traded instrument. Also, spreads can be floating or fixed, which depends on the account type as well. Check the table below to find out more detailed information. Do not forget to double check it on the broker page after registration. It’s very important to always stay up to date, especially in this fast moving niche.
The broker does not apply any inactivity fees, so the lazy or irregular traders are welcomed. Or in other words, it doesn’t cost you anything having an account here.
FBS Trading Experience
FBS still provides the biggest leverage on the market. It reaches even up to 1:3000 for standard, micro or zero spread accounts, while other types of accounts still have huge leverage available as well – up to 1:1000 or 1:500. As you probably know it already, most of the brokers have moved to 1:30 leverage because of new EU regulations. It is up to the trader if he’s willing to risk so hard.
What do we love about FBS more? It supports probably all possible platforms available. Starting with WebTrader (MT4), FBS gives MetaTrader 4 for Windows, iOS, Android, MacOS, and Multiterminal. In addition, MT5 is available as well – Windows, MacOS, WebTrader, and iOS and Android, of course.
Insights, Informational Tools, and Education
FBS did a really great job here. They provided a lot of really useful and top-notch information for their traders. But let us review that step by step.
Users get daily market analysis for free including trading analysis, technical analysis, and fundamental analysis. They are updated daily, even on weekends. Besides all these analyses, FBS gives daily news about the Forex markets. It’s good to have everything in one place, in one app or website. In addition, Forex TV – another great source of info with weekly reviews and outlooks.
For more advanced traders, FBS presents Economic calendar, Central bank rates, various currency converters, and calculators.
New traders aren’t forgotten as well, FBS professionals organize webinars, which are totally free. You must register only. Furthermore, there are tons of other additional resources available – tips for traders, detailed Forex guidebook (which is separated to different levels, from a beginner to an experienced, and is worth reading even for the real forex pros). Furthermore, check video lessons which include help on how to use MetaTrader, FBS services and the forex itself.
Besides all this long list of materials, tools and educational resources, FBS organizes events – seminars around the world. Check their event calendar if one of them is upcoming in your location.
So FBS provides a superb list of resources for beginner learning and going deeper.
FBS provides its customers with really high-level support. Starting with a very convenient and fast live chat, ending with a callback option. Support can be reached 24 hours per day, 7 days per week (24/7). So even if the markets are closed, support is still available.
The broker gives email for more complexed questions and queries.
Besides the live support, customers find a detailed FAQ and various knowledge bases.
Conclusion. Is FBS legit?
To sum up, FBS is one of the big names in the Forex market. Since the opening in 2009, it has grown a lot and with more than 9,000,000 traders and around 370,000 partners, is one of the top brokers in the market. It’s really great for the beginners because of the super wide and long list of resources, daily updates, and news, free webinars, etc.
Trading experience is great as well. Why? Well, first of all, the broker works on MetaTrader 4 and 5, which covers all possible OS and devices.
However, we have missed more of the commodities, metals, and other trading materials. Also, FBS doesn’t provide any of stocks, indices, and IPOs. All these would be great to work with.
Besides the poor list of offered trading instruments, we still think that this broker is worth being on Snugtrade. And if you are the trader of Forex or only a couple CFDs or metals, then having an account on FBS is a must. Keep in mind that they do not have any inactivity fee, so even a periodical trader shouldn’t be afraid of it.
By the way, do not miss the opportunity to get a 100% bonus for a deposit when using this link – Get FBS 100% Deposit Bonus. This promo may end soon.
Attention: Terms, spreads, and information provided on this page may get outdated due to terms and rules changed by the broker. Please double check them before making a deposit and start using FBS.
FBS Review updated in 2019.
More detailed information about spreads is provided on the official FSB page. Spreads provided here are of a standard account. Spreads may vary and depend on account type.
|Excluded countries||Japan, United Kingdom, USA, Canada, Myanmar, Israel, Iran|
|Languages||Deutsch, English, French, Italian, Portuguese, Spanish, Arabic, Bahasa Indonesia, Bahasa Malaysia, Bengali, Burmese, Chinese, Korean, Lao, Thai, Turkish, Urdu, Vietnamese|
|Licenses||IFSC - license IFSC/60/230/TS/18|
FBS Markets Inc.; Registration No. 119717
Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.
Legal: Domain and all rights belong to FBS Inc.; Registration No. 74825; Address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960