Unlike other brokers that offer two or three account types, FBS offers a vast range of trading account options. FBS Trader supports all the trading tools and provides important statistical reports, updated in real-time for the latest information. Thanks to its user-friendly mobile app, FBS Trader, you can access all the trading features on the go.
Support Channels and Availability
Leverage and margin can be powerful tools for traders, but if not used right, they can result in hefty losses. Commission-free FOREX trading is available, with EUR/USD spreads starting from 1.1 pips, while stock CFDs incur a 0.7% commission. Clients get access to one main account, along with options for demo and swap-free Islamic accounts. Negative balance protection and segregated accounts are standard across all entities, but investor compensation is only available under CySEC, with coverage up to €20,000. The broker offers access to more than 550 tradable instruments, including CFDs on currencies, stocks, indices, commodities, and cryptocurrencies.
These sessions cover major events like Nonfarm Payrolls (NFP), include live trading setups, and offer opportunities for trader Q&A. The broker regularly hosts live webinars and market commentary streams featuring in-house analysts. FBS supports access to over 3,200 free and commercial trading signals. The broker hosts live trading streams on YouTube, led by in-house analysts. That said, trailing stop-loss orders are not available on mobile and must be placed via the desktop platform. However, it does not support biometric login,such as Touch ID or Face ID, which could have added convenience for users.
Unreliable boker ever.if you want o lose your money and never get it back once you are profitable
Compared to other brokerage services, FBS offers a very responsive and friendly customer service, which is available 24/7. To deposit and withdraw money, FBS offers its clients multiple payment options, including bank transfers or payments via credit card. After clients have chosen their preferred trading account, they can register in just a couple of minutes.
Why do 90% of forex traders lose money?
The real issue is execution. Many traders know what to do but they don't do it. They break their rules, overtrade, and give up too soon. A winning edge requires consistent application over time.
Demo and Swap-Free Accounts
The first is its user-friendly platform, which simplifies trading for beginner and experienced traders. This is the worst broker ever cos I have seen the worst but fbs is the king of the worst.i have been trying to get my money from them for over a month and the support it is the worst ever. Trading courses are tailored by market experts for traders of any level. FBS exceeds customer expectations, offers a trading platform that adds value to its customers and even enables beginners to start trading.
Best Execution Speed Asia
Inside the client area and mobile app, FBS publishes short daily updates. Their mobile app isn’t a backup option. A lot of users sign up, fund their accounts, and open their first positions all from a phone. Also, while the platform supports a wide range of CFDs, it’s not built for long-term investing. Add to that the availability of MT4, MT5, and a stable mobile app and it covers most needs for fast-paced strategies. Prices and spreads match the real platform, but order flow is simulated.
Most Reliable Forex Broker
The platform includes a comprehensive economic calendar, covering global macroeconomic events, corporate earnings (for stock CFDs), and dividend payment dates. These reports incorporate major economic developments, central bank policy expectations, and geopolitical factors affecting markets. FBS’s Market Insights articles blend fundamental and technical analysis, giving you a broader perspective on market direction. The Trade Ideas section delivers concise, technically driven setups based on indicators like price/oscillator divergence, support and resistance zones, and potential breakout levels.
You can access live-chat support directly through the FBS website and trading platforms. For general inquiries and updates, traders can connect with FBS on major social media platforms like Facebook and X. Faster processing and zero FBS fees make the platform attractive to both casual and high-frequency traders. The minimum deposit to trade with FBS is $5, making it one of the most accessible brokers for new and budget-conscious traders.
FBS offers trading signals, but they are provided through the MT4 and MT5 platforms, rather than a proprietary system. These ideas help traders interpret chart patterns and plan entries or exits with real-time context. FBS provides a well-rounded suite of research and analysis tools designed to support traders across skill levels from beginners to experienced market participants. It’s well-suited to newer traders and those seeking a high-quality mobile charting experience, but more advanced users may miss features like trailing stops and custom alerts.
Best Forex Trading Education
First, all financial transactions on the platform are encrypted using modern security protocols. Overall, through robust regulatory oversight, fund segregation, and negative balance protection, FBS demonstrates a solid commitment to protecting your trading capital. Under CySEC regulation, clients benefit from the Investor Compensation Fund, safeguarding up to €20,000 should the broker face insolvency. As mentioned, all entities within the FBS group provide negative balance protection, ensuring your losses can never exceed your deposited amount. Also, negative balance protection is standard across all regulatory entities, another safety net against account deficits. Longevity in brokerage services is important, and FBS has consistently expanded its regulatory credentials.
How much money do I need to start forex?
Starting with $500 or $1,000 is usually recommended as these two amounts can at least give you better account growth and the flexibility that a $100 deposit won't give. If you're a swing trader, the general recommendation is that you start with at least $1,500.
MetaTrader4 and MetaTrader5 Are Supported
“Trading is about opening and closing… Trading is about opening and closing positions, but this app closes your positions automatically!! The broker is globally known and safety is not doubted here.” (Trustpilot) In order to answer this question, the first step is to examine the regulatory bodies, which govern the broker. FBS started as a Forex broker in 2009 https://forex-review.net/fbs-review/ and has expanded its offerings ever since. In the end, we will explain why FBS is a legit brokerage organization.
- FBS doesn’t push its safety features hard in marketing, but they’ve put in enough to cover the essentials.
- South african traders beware of this broker and stay away cos really you will regret this.
- However, it doesn’t support ETF or bond trading, limiting its diversification options compared to broader multi-asset brokers.
- These reports incorporate major economic developments, central bank policy expectations, and geopolitical factors affecting markets.
- You can trade, check stats, and manage your account all in one place.
FBS understands how valuable information is, so it provides daily market analytics, updated in real-time to help you make informed decisions. MT5 offers more trading options for those who want to explore beyond forex trading. FBS also offers many competitive spreads, specifically on major currency pairs, allowing you to maximize your trading efficiency and eventually profits. Other advantages include offering the MetaTrader 4 platform, which provides users with technical analysis and automates trading.
- FBS keeps user funds in separate accounts, mostly in tier-1 banks.
- MT4 is a user-friendly platform that suits beginner traders, while MT5 works for more professional investors.
- The application is compatible with every operating system, and you can download it to your smartphone, iPad, or tablet.
- Everything’s handled inside your account.
- If that’s a dealbreaker, this broker won’t fit.
- Watchlists can also be customized, helping users monitor preferred assets in real time.
You can only deposit and withdraw to/from accounts in your own name. FBS offers a smooth and cost-effective deposit and withdrawal process, with a myriad of available payment methods (the broker indicates there are 200 methods) catering to a global client base. While FBS does not charge fees for deposits or withdrawals, third-party providers like Skrill and Neteller may apply their own charges. From there, the remainder follows a familiar pattern — choose your account type, verify your identity, deposit funds, and start trading. While you can get started with as little as $5, the broker recommends depositing at least $100 so you have some capital with which to trade.
Swap Fees and Islamic Accounts
FBS itself does not charge withdrawal fees, but providers like Neteller and Skrill may impose small commissions. Most deposit methods are instant, though bank wires can take a few business days. Opening an account with FBS is fast, fully digital, and beginner-friendly.
This account is best for seasoned traders looking for a traditional trading experience, although new traders can and must learn how to use the account, too. The account type suits traders with some experience who want low-friction, spread-based trading without commissions. As with many brokers, margin requirements depend on the specific market, account balance, and the size of the trade. While FBS doesn’t offer a proprietary desktop or web platform, it compensates with a highly rated mobile app, featuring over 90 technical indicators. The broker features a low minimum deposit starting at just $5, no inactivity or withdrawal fees, and a streamlined account opening process that can be completed within a day.