FBS Markets is an online Forex and CFD broker located in Belize. The broker offers Forex, stock, CFDs and metals for trading on its platforms, which include the MT4 and MT5.
|#||Broker's Features||FBS Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||✔|
|#||Trading by phone||✔|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||24 hour support||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review FBS.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FBS offers Online Financial Trading and Investment Services Such as Currencies, Stocks.
Tradable Products: FBS Markets offers 37 currency pairs, 4 metals, 3 CFDs and 32 stocks.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FBS is ECN, No dealing desk, STP.
Features: FBS provides the “CopyTrade” which is a social trading platform. The MT4 Multiterminal, Fix Rate and VPS are other tools provided to aid the trader.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FBS recommended minimum capital is $1.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FBS is regulated by CySEC, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: FBS is regulated by the IFSC in Belize and the CySEC in Cyprus. Investors’ are protected through account segregation, membership of the ICF and platform/website encryption using SSL. The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses. For example, adding an EU license would help FBS compete with its industry peers.
Account currencies: Next lets consider the Account currencies each broker offers. FBS offers EUR, USD, THB different account currencies for each account types.
Account Openning: There are 5 types of accounts offered by FBS Markets. They are Cent, Micro, Standard, Zero spread, and ECN accounts. The account opening balances are $1, $5, $100, $500 and $1000 respectively.
FBS offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.
Languages Available: Next lets have a look at each broker's different Language options. FBS offers English, Indonesian, Malay, Chinese, Japanese, Kor.
Payment methods: Next lets have a look at each broker's payment options. FBS offers Visa/Mastercard, Wire Transfer, Neteller, Skrill, WebMoney, Perfect Money, OKPay, Fasapay; Local Indonesian banks: Bank Central Asia, Mandiri, Bank Ne different payment methods for each account types.
Deposit and withdrawal: Credit/debit card, Neteller, SticPay, Skrill, Perfect money and Bitwallet are the acceptable payment options. There are withdrawal fees payable
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FBS makes MetaTrader 4, MetaTrader 5 available to clients.
Web & Desktop Trading Platforms: The MT4 and the MT5 trading platforms are provided for trading the assets.
Mobile Trading Platforms: The FBS Trader, the MT4 and the MT5 apps are the mobile trading platforms provided by FBS Markets. The apps are designed for the android and iOS mobile devices.
The education centre provided by FBS has the Forex Guidebook, tips for traders, Forex books, webinars, seminars, video lessons and a glossary. The economic calendar, currency converter, Forex news, daily market analysis and forex TV are some of the research tools provided by FBS Markets to assist the trader in making his daily trading decisions.
The bonuses available are: ‘Get a car from FBS’, Trade 100 bonus, 100% deposit bonus and cashback. The contests available are: ‘FBS makes your dreams come true’ and FBS Pro
The customer support desk is available 24/7 on the various chat platforms like instant web chat, Facebook messenger, telegram and viber. Social media channels are Facebook, YouTube, twitter and Instagram.
FBS Markets is a Forex and CFD broker that has been in operation for ten years. It is regulated by the CySEC and IFSC. The brand has implemented several security measures to protect clients and their investments. FBS provides multiple account options and deposit methods for its clients to access the MT4 and MT5 platforms from its entity licensed in Belize and across its related websites, which cater for international traders.
The broker’s lack of regulatory status in a major jurisdiction puts it at a disadvantage compared to most major and even smaller forex brokers that typically hold multiple licenses.
FBS Markets is a broker that has excellent services for all trader levels and experience. It is suited for all trader classes and styles of trading.