FBS Broker Review
Regulated by: FCA, CySEC
Headquarters: Cyprus
Ranking: 13
Spread: 0.5 pips (EURUSD)
Leverage: 3000:1
Minimum Deposit: $1
FBS Review & Author’s Comment
FBS was founded in 2009 and regulated by both CySEC in Cyprus and IFSC in Belize. The company offers generous bonuses, useful educational material for novice traders, daily market analysis in various languages and presence in many countries. In terms of account types, FBS provides a wide range of selection for professional and beginner traders. There are six options; cent account, micro account, standard account, zero spread account, unlimited account and ECN account where spread could go below zero at the expense of $6 per lot. The 3000:1 leverage offered by FBS is the highest you could get among regulated forex brokers.
FBS – Step by Step Live Account Opening Guide
You should walk through a few simple steps in order to open a live trading account with FBS. The application and registration procedure can be performed electronically. In case you submit the required information properly and have the verification documents ready, the process should not take longer than several minutes.
The process starts with heading to FBS website for your jurisdiction (.eu for Europe, .com for others) and clicking the Click the “Open an Account” button in the top right corner. The procedure may slighty differ with respect to where you live (eg. Europe and International). The first image is from FBS.eu site which is for traders living in the European Union.
And this screenshot is from FBS.com for international clients.
Step 1 – Fill the Registration Form
Once you clicked on “Open an Account” button, you will be taken to the registration form. Here, you need to submit your basic personal information, e-mail address and choose the account type and currency. Make sure the e-mail address is valid since you will need to verify it later.
Step 2 – Complete Your Live Account Profile
Now, you need to complete your live account profile by submitting further information regarding yourself, trading experience and employment. Please note that this step is only compulsory for traders residing in Europe. If you dont live in Europe, it is not mandated for you to submit your detailed personal profile information.
It could even be possible to skip this entire step and to validate your account by uploading necessary documents outlined in the next steps. You can choose your preffered trading platform, fund your account and start trading right away if you are an international trader.
For traders living in Europe, the process involves three steps. After you confirmed your email address and logged in to the FBS client zone, you will be prompted to complete your live account profile by answering questionairres regarding your personal information including your gender, full address, phone number and trading experience.
Step 3 – Verify Your Live Trading Account
The final step is usually considered burdensome by some traders, however, it is probably the most critical one. In order to be able to withdraw money from your trading account, your account has to be verified.
Verification process varies depending on your residence. Traders residing in Europe have to upload two documents; one for Proof of ID and one for Prood of Residence. On the other hand, international traders have to submit only one document which is Proof od ID.
Applicable documets for verification;
- Proof of ID; copy of either an official ID card or passport.
- Proof of Address; copy of a utility bill or bank statement.
The scanned copies of those documents must be in proper format. Besides, make sure that the information is clear and visible so that compliance team of the Broker can validate it with the information that you have submitted during registration.
Utiliy bill or bank statement must include the exact address that you have entered into your profile. The date is important as well. FBS does not approve if the proof of address document is older than 3 months.
Your account should be verified in few hours given that you have submitted the information accurately and the documents are valid and in proper format. Once it is finished, you can download the trading platform, fund your FBS live account and start trading forex.
Broker Detail | |
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Adress: | Suite 5, Garden City Plaza, Mountain View Boulevard,BELMOPAN, Belize |
Phone: | +230 403 4437 |
Web: | |
E-Mail: | [email protected] |
Regulator: | CySEC (License Number: 331/17), Belize IFSC (License Number: IFSC/60/230/TS/17) |
Year Founded: | 2009 |
Instruments | |
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Forex: | |
Precious Metals: | |
Energy: | |
Soft Commodities: | |
Indices: | |
CFDs: | |
Stocks: | |
ETFs: | |
Bonds: | |
Options: | |
Cryptocurrencies: | Bitcoin, Dash, Litecoin, Ethereum |
Account Options | |
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ECN Account: | |
Swap-Free Account: | |
Nano Account: | |
MAM / PAMM Account: | |
Demo Account: | |
Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller, Bitcoin, OKPAY, Perfec Money |
Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller, Bitcoin, OKPAY, Perfec Money |
Customer Services | |
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Live Chat: | |
24 Hours Support: | |
Languages: | Arabic, Chinese, English, Indonesian, Japanese, Malaysian, Portuguese, Spanish, Thai, Urdu, Vietnamese |
Bonus |
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1)$50 Welcome Bonus – FBS offers $30 welcome bonus with the leverage of 1:500. You don't have to make deposit to be eligible for this bonus. |
2) $123 Welcome Bonus - This bonus is offerred to every trader. No contact details or verification reguired. Valid for 7 days. |
3) 100% Deposit Bonus - Fund your account and get a 100% deposit bonus. You have to send a request to your account manager to get this bonus credited to your account. |
4) FBS also launches trading contests periodically and offers rewards (such as smartphones and automobiles) to the traders conditional on the amount deposited and lots traded. |
Trading | |
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Leverage: | 3000:1 |
Spreads: | As low as 0.5 pips for EURUSD on Standard Account |
Minimum Deposit: | $1 |
Fixed Spreads: | |
Automated Trading: | |
Hedging: | |
API Trading: | |
Negative Balance Protection: | |
Accepts Clients from the US: |
Platforms | |
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Supported Platforms: | MetaTrader 4, MetaTrader 5 |
Webtrader: | |
Mobile: | IOS, Android |
FBS Review
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6.1/10
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8.3/10
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8/10
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8.2/10
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8.7/10
Summary
Regulate by CySEC and Belize IFSC. Presence in many countries. Wide range of account types. Generous bonus and promotions. Headquareters in off-shore country and limited range of trading instruments.
Hello to all
In this puzzling span, I proclivity you all
Appreciate your strain and friends
A friend of mine introduce me to a company that deals with forex also global endorsement Inc company its like you invest and they pay with interest are they reliable broker
can someone from Nigeria also join and how will I join?
as far as I know Nigerians are not restricted. please consult with a customer rep on live chat
a friend of mine introduce me to a company global endorsement you make payment to them and use the money for forex trading and pay you back your capital with profit
Yes, someone from Nigeria can join. All you have to do is visit that site and sign up
dear all Be aware with fbs broker its doing cheat with customer, i have open account with fbs and deposit 400 usd i hear with some where now lite coin going up side thursday 4 dec 2017 lite coin reach at 223.00 that time there was in my account 180 usd and my leverage was 1:500 i was full information broker will increase price of lite coin. believe with me i have try to open buying position more than 20 times only once 0.01 my buying open others all buying order reject when i try to buy with 0.10 it did not work my buying orders reject why because it was going to increase and with old my all buying orders properly working i open there 0.20 sell position when the gold rate reach at 1318 it was going to increase easy all order execute there and i lost my all money on saturday lite coin price increased from 2.23.00 to 3.00.10 , 7700 points up there i can earn thousands dollar easily but fbs block my buying order and i have lose my all money with gold. beaware with this chearter this is not a suitable.thanks
Have you tried to contact them about your complaints?
Learn how to calculate lot size and margin requirements… if you’re using a standard account then lot of 0.10 with an account balance of 180 usd is using leverage of 1:500 is too little. If you do your calculation right you’ll see.. you should have increased your leverage to open a position with a lot of 0.10..
180×500/100000=1.9.. that’s your maximum lot size when using leverage of 1:500
i am from Tanzania, and i trade freely and happy with this company for almost one year top
Hello there, I am from Kenya. can you open account? help me pliz
Yes. you can. As far as I know, there are no restrictions for traders from Kenya
worked with FBS nearly tow years. promotions are good and I like their MT4 server speed