REVIEWING THE FBS BROKER

By | January 15, 2019

I started trading with FBS in a short period of time, about few months, in 2011. The reason why I quitted was due to the high spreads, slow execution process and high slippage. However, I was surprised with the reputation of FBS reviews in 2016 regarding their promotions and welcome bonus offer. Yet, free things are alway attractive. Besides, there were many changes. I listed here the picked specifications to trade with FBS Forex Broker.

REVIEWING THE FBS BROKER

The FBS Regulation authorities

FBS recently achieved multiple licenses from highly reputed authorities. Firstly, FBS follows CySEC (Cyprus Securities and Exchange Commission), registration number 35353. The second license that FBS got is the license of the International Financial Services Commission (IFSC) of Belize under the license number IFSC/60/230/TS/18. Briefly, this is an agency managing and supervising all financial service providers in the Belize financial sector since the establishment in 1999.

The reliability of FBS

The reliability of FBS can be identified by its numerous of award winning for years of operation, such as some achievements of the Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker. Especially, FBS was rewarded for the contribution to the disaster relief by Indonesian Government in 2017. Hence, it is a strong indication of FBS focus on the social responsibility and ethics as the best forex brokers BRKV.

The account differences of FBS

As to be attractive to different characteristics of Traders, FBS is operating a wide range of account types. Totally, there are four primary account types that mostly used and prefered by FBS traders, including Cent Account, Standard Account, Zero Spread Account and ECN account.

Cent account specs

  • Minimum deposit: as low as $1
  • Spread: floating
  • Trading commission: free
  • Leverage: 1:3000
  • Execution : market rate

 Standard account specs

  • Minimum deposit: $100 or higher
  • Spread: floating
  • Trading commission: free
  • Leverage: 1:1000
  • Execution : market rate

 Zero spread account specs

  • Minimum deposit: $500 or higher
  • Spread: fixed
  • Trading commission: free
  • Leverage: 1:3000
  • Execution : market rate

 ECN account specs

  • Minimum deposit: $1000 or higher
  • Spread: floating
  • Trading commission: free
  • Leverage: 1:300
  • Execution : ECN rate

The commission and spread of FBS

The offering spread at FBS are modified as the applicable trading costs which are competitively following the market average. There are two types, fixed spread and floating spread. Fixed spread start from 3 pips. Conversely, the floating spread is quoted from 0.2 pips.

The options for deposits and withdrawals

All above these lines, FBS is also a outstanding broker in terms of its available  payment options compare to other competitive brokers. Especially, FBS is among the minimal brokers opting traders with over 70 different payment methods which are coming from credit cards, bank transfer and e-wallet.

Similarly, the withdrawals are also wide range of selection. The difference is the period of payment process which relies upon the method choices. In particular, the processing time of credit card payment may take up to 48 hours while the e-wallet is instantly transferred.

The bonus and promotions at FBS

FBS is currently introducing couples of bonus programs, including $50 welcome bonus, the bonus 123 and 100% deposit bonus. Furthermore, beside best forex bonuses, FBS also introduces the special promotion which rewards traders a win of an Iphone X from trading.

The Customer service at FBS

At FBS, the customer service comes with different options, such as comprehensive educational centre and detailed FAQ. Furthermore, there is a live chat support team who would give traders help in 24/7 live support.

Move onto Exness reviews.

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