What is FBS?
FBS Trading was founded as an international brokerage that has served clients from over 150 countries since 2009 and has demonstrated its excellence through numerous prestigious awards and cutting-edge technology in the forex market. While the broker was only founded in Belize initially, FBS has also recently become a Cypriot broker. It certainly helps and helps to extend its service to a European population for both novice and professional traders.
The regulated environment defined by European legislation has brought more excellent capabilities to a broker with useful tools and a fully licensed trading service, which has driven the development of FBS forward. Then in our FBS Trading review, we will cover the terms and conditions of commercial offers and see if they are competitive.
FBS is an online brokerage that offers Forex and CFD transactions in the financial markets. Our 2022 review takes an in-depth look at broker legitimacy, leverage offering, spreads, and minimum deposits. Create an FBS account and start trading.
FBS uses a Non-Dealing-Desk-System (NDD) with STP for fast order fulfillment. After registering and logging in, customers can choose between two platforms to access the markets.
How do I open an Account?
Finally, opening an account with FBS is not a highly complex process as it will walk you through simple steps to understand the following.
- Enter all of your settings, including name, email, phone, and more.
- You will get a confirmation link in your email to follow up on the process.
- After you have been granted access to manage your online account, you can open a demo account here
- Define the type of account you want to open and choose your base currency
- State your trading experience and expectations using the online questionnaire
- Upload proof of your address, identity, etc. (following official requirements)
- Click Submit, wait a few business days to review your documents and account.
- Tracking of money deposit
- Decide whether you want to trade FX, stocks, or other products and start trading.
FBS Trader Mobile App
The owner and CEO have ensured that FBS Trading Review is a free and fully functional trading app. It can be download from Google Play on Android devices (APK). Outside the EU, it is also available for iOS. The broker’s downloadable app offers forex and the best instruments for trading, along with real-time statistics and easy administration.
Advantages and Disadvantages
FBS has been working for many years, providing a stable trading environment. According to our research, there are good trading conditions, including copy trading on MetaTrader4 and 5, spreads are considered low, and the education field is also vast.
In contrast, trading instruments are limited to Forex and CFDs, and trading conditions vary from company to company. We recommend that you sign with a European company for more transparency.
The benefits of trading FBS include:
- MT4 and MT5 integration
- Shallow minimum deposits
- Competitive zero pip spreads
- Trading account for cryptocurrencies
- Choice of promotions and deposit bonuses
Bad areas reported in our review include:
- Few accounts and trading options in the EU
- Commissions on many types of transactions within the global company
Is FBS Safe Or A Scam?
No, FBS is not a scam. FBS is a Trading brand name used by Tradestone Limited, a Cyprus registered company, an investment company regulated by the EU and MiFID, and registered with CySEC.
Another FBS Trading office is in the Marshall Islands and Belize, which are offshore areas that, on their own, don’t prove their reliable status. Belize’s local regulatory agency, the International Financial Services Commission (IFSC), primarily registers, rather than regulates, companies.
How are you protected?
‘Improved business as well as negative loan protection skills. Trading with a regulated broker who adheres to strict standards is an important first step before registering with a trading company. In this regard, FBS has strict rules to protect funds with the license obtained and to comply with MiFID policy, while FBS keeps the trader’s funds in separate accounts, making them inaccessible for any other purpose.
In addition, as a Cypriot investment firm, FBS Trading is subject to the compensation system that protects the client’s investments in the event of the broker’s bankruptcy.
Against negative balances. Because of this, and because of the license compliance obtained with the MiFID directive, there are strict rules for money protection. FBS keeps trader funds in separate accounts, so they are not accessible to anyone. ‘other business purposes, while the protection functions are improved. In addition, as a Cypriot investment firm, FBS is subject to the compensation system that protects the client’s investments in the event of the broker’s bankruptcy.
Our final thoughts on FBS are good. The selection of account types, platforms with advanced tools, and convenient customer support ensure good trading conditions. In addition, FBS enjoys a popular and relatively good reputation among retailers. At the same time, FBS is also actively involved in social activities and is a respected official business partner of FC Barcelona and a leading official partner of Leicester City.
Also Read: Why Take Up Investing As A Profession
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