IS FBS A GOOD FOREX BROKER?

You just need to sign up and $50 will be transferred to your account immediately. After completing every aspect of the challenge, they only gave me $70 in my standard account. When I contact customer services, they give me vague answers.

We tested it and collected the options and costs in How to withdraw money on FBS. Check out the current account balance requirements at FBS in our What is the minimum account balance at FBS article. Is FBS legit features all the key aspects you need to look at to see if a broker is safe and legit. The product portfolio covers only Forex/CFDs and Cryptos, there are only a few account base currencies, and non-EU clients are not covered by investor protection. You can change leverage levels at FBS, which is a great feature.

FBS Malaysia Review 2023

For technical analyses, there are drawing tools to analyze the chart. Furthermore, FBS offers everyday new analyses https://forex-review.net/ and trading ideas to its clients. It is possible to create an automatic system that is running 24/7.

The texts on this page are not are not investment recommendations. Another big plus for FBS is the free contests and awards for traders. The Forex Broker offers different contests that have been updated each week. Personally we like the free demo account contest to win money without risk your own money. The prize fund is like 1000$ or more and the 5 first places win a certain amount of it. 👉 In addition to the desktop and WebTrader apps, Kenyan traders can use MetaTrader 4 and 5 on iOS and Android devices.

Experienced market players can enjoy this account as it offers numerous advantages. The spreads for this account are floating, and they start from 0.5 pip. As per many online FBS reviews and our research, we can say that at the ECN broker site of the FBS platform, customer support is available 24×7 over live chat and telephone. In order to use this financial instrument, the FBS trader has to enter the amount of money and the two currencies for conversion in separate columns to obtain the final result. The exchange rates get updated in real time in the Currency Converter, eliminating the need for a broker.

Dear client, FBS is a Regulated broker without any unethical practices. According to p.5.2.7 of Customer Agreement, If an account was funded via debit or credit card, a card copy is required to process a withdrawal. CVV can be covered and only Signature is required on backside. 1) You need to have 20 active days and complete 5 lots, which means opening up to 25 orders per day will help you trade the necessary lots. Please, send us an official claim with all the necessary information about your issues . Every month FBS chooses the most meaningful and outstanding dream and fulfill it.

FBS Review Conclusion

The trading platform of FBS imposes an FBS overnight fee, along with a cancellation fee of USD 5 for each transaction that is made on the basis of the price latency. If a trading account stays inactive for more than 180 days then the platform charges a monthly penalty fee of USD 5 and this is one of the ways in which FBS makes money from the trade. Customer care is vital in this forex field, because forex is a very complicated subject. Traders are constantly need as much help and support from brokers as possible.

Earlier in this FBS broker review, we described the platform to be accessible. These cryptocurrencies together with traditional assets are tradeable even in the mobile app. Under its trading tools section, FBS lists an Economic Calendar, a Trading Calculator, and a Currency Converter, which are all fairly standard.

Fortunately, with FBS, a test account can be selected upon sign up. Forex traders will find a very decent selection of currency pairs including majors, minors and exotics. FBS offers traders numerous trading educational opportunities, which can be used by traders to learn more about the market and grow as traders. Among them are video guides, articles, blogs, and many others.

MT4 was created back in 2005 and it has forever changed the way people view trading platforms and the way they trade Forex. Metals are also very popular at FBS, you can trade metals like Gold and Silver at this Forex broker. There also are leading indices available for traders at FBS, including EU50, Dow Jones, S&P 500, and so on. In addition, you can also trade shares of leading companies such as Google and Apple, energies such as crude oil, and cryptocurrencies as well as crypto pairs. If you like what you are reading, go ahead and open an ECN account with an FBS minimum deposit of $1000.

FBS Review – 19 Key Point Quick Overview

FBS does not charge any fees for a deposit on their platform except the payment method “sticpay” with 2,5% + $0,3 commission. For withdrawals, there are some commissions that you have to pay. You can see the commissions direct in your account dashboard. 👉 FBS customers have access to both MetaTrader 4 and 5 platforms.

• You can set price and news alerts so that you do not miss anything on the markets.
• In the following section, we will explain the different account models of FBS.
• Kindly be informed that there is not any condition to withdraw your profit from Real Trading account.

The FBS CashBack offer is a free service that can be activated at any time in the account holder’s personal area. The possible profit is unlimited and will depend on the average total volume traded monthly. A Trader must deposit between $1 USD to $1000 USD to earn a double deposit 100% deposit bonus.

For example, if you want to hedge a deposit of 100 US dollars, you will need 12 trades. In this way, traders can protect themselves against losses of fbs forex review their trading capital without additional investment. This is for the cent account, however, FBS standard account minimum deposit is higher – $100.

MT4 has fewer timeframes, indicators, and features compared to MT5 but is the most chosen forex and CFD trading platform globally. It was introduced by MetaQuotes Software in 2005 and is still used by a large number of traders. The web trading platform offers limited features compared to desktop platforms. Online external trading tools and plugins can be paired with these platforms.

As one of the leading online trading platforms out there, FBS broker has been lauded for its user experience both for beginner and advanced traders. From our FBS review UK, newbie traders would be pleased to find an abundance of educational resources available to them from the platform. FBS offers support for MT4 and MT5 in addition to its proprietary trading app and offers a VPS service for traders who deposit more than 450 USD.

MetaTrader 5

Apart from the best forex analysis section, FBS offers the traders with an economic calendar, along with forex calculators for profitable trading and investment in foreign exchange. The platform allows the user to increase the amount of the Level up bonus account offer by using the FBS Personal Area app, up to about USD 140. It is advised to read the bonus account settings, claim description, broker terms, and conditions thoroughly before claiming the broker offers. The trade platform of FBS is currently offering quite a few attractive bonuses and promos to registered users. The user has to open a forex trading account to secure the Level up bonus amount of USD 70.

Each client/computer/IP can open only one LevelUp Bonus account. As anyone using same wifi may also apply the bonus, those bonus accounts can be shown same IP address with you and your account can be blocked. We recommend you avoid using public wifi while you’re using Level Up bonus.

Our take on FBS

MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Swap-free investing is possible but is not available when trading cryptos, forex exotics, indices, stocks and energy instruments. I had 2000$ to deposit and I activated the 150$ no deposit bonus as I wanted to use it to make some money before depositing. I tried with my father cellphone and my mother cellphone to create a account for them because they like to trading too and they are investors…

The Zero Spread Account is for traders who love to open and close the trading positions at top speed to rake in quick profits. The main feature of this account is that there are no spreads involved in the trading sessions. Trading through the Zero Spread Account allows the traders to accentuate their gains and make accurate predictions about their revenues from the markets.