FBS Forex Broker Review and Rating 2024 Detailed FBS information with traders reviews for 20 January 2024

However, traders can still choose their ideal brokers by the type of their spreads. The pros and cons between the two spreads can vary for every trader. In this case, Traders Trust provides their pricing with
0 pips Min Spread spread while FBS offers
Variable spread. The trading platform MetaTrader is also professional and available in versions 4 and 5. In addition, the support replies very fast in different languages.

1. The company is headquartered in Cyprus and has offices in various countries, including Thailand, Malaysia, Indonesia, Egypt, and China.
2. Trading with FBS involves fees from $6 USD, spreads from 0.05 pips to 3 pips, and commission-free trading depending on the account traders select.
3. The availability of online classes, webinars, and their own educational app called Investmate is great for trading newbies and intermediate traders alike.
4. But EU-based traders will be charged €10 per year in case of inactivity for more than 180 days.
5. However, MT4 and MT5 facilitate copy trading alongside EAs which serve as a signals service.

The aptness of a broker is predominantly subject to individual trading inclinations and objectives. FBS facilitates smooth and diverse deposit and withdrawal options. In addition, FBS hosts a detailed FAQ section on its website, offering extensive insights on frequent inquiries concerning trading, account operations, financial transactions, and more.

What is Forex trading?

The minimum deposit amount required to register an FBS live trading account ranges from $5 USD up to $200 USD. The minimum deposit amount required will depend on the account option chosen. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7. Note that traders from the USA, Japan, Myanmar, Malaysia, Israel, Iran and Canada cannot register for an account, though clients from most other countries are accepted, including Nigeria.

Narrow spreads and lowest commissions

If you’re looking for a more versatile software, the FBS platform also has MetaTrader 5 (MT5) integration. It offers a wider choice of versatile tools, the option of trading stocks and commodities aside from forex, and additional timeframes. Normally in a social trading platform or exchange, you would need a crypto wallet when trading cryptocurrencies with Bitcoin. Cryptocurrencies are digital assets that are impossible to counterfeit and are based on a blockchain network. Based on the review broker FBS, the platform offers trading of 40 US, 30 UK, and 30 German company shares.

The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go. Spreads offered by FBS vary by account type, market and region. For EUR/USD, the EU firm offers a spread of 0.7 pips on average. You can trade on a decent range of UK, US and German shares with a competitive 0.7% commission on US stocks. The free economic calendar can also be used to track major events and inform strategies, whilst the daily market analysis offers a dedicated Stocks section. Depending on the account you open and which trading platform you plan on integrating with FBS, features may vary.

Unwavering Client Trust

This allows us to ensure seamless and continuous communication, while also providing our clients with opportunities to share their valuable insights and opinions. Moreover, our dedicated support team is available 24/7 to assist you promptly and efficiently at or through direct chat on our website or official applicationThank you once again for choosing FBS. We are here to support you every step of the way in achieving your trading goals.Best regards,FBS Team.

Conclusion of the review: Is FBS a scam or not? – It is a reliable broker

Contact options including live chat, callback, and WhatsApp are available on the global website. A fixed-rate option is also available fbs broker reviews for clients from Nigeria. This allows the national currency NGN to be exchanged for an exact number of USD every time.

These notifications are customizable, allowing traders to tailor them to suit their preferences and trading requirements. FBS emerges as a compelling option for traders, with its platform being notably user-centric and cost-effective. Serving over 16 million traders from 190 countries, FBS is characterized by its simplicity and direct approach to trading, devoid of unnecessary complexities. Unleash the power of the most user-friendly, feature-rich, and dependable trading platforms in the industry. Not only are they tailored to meet your unique trading needs, but they also come equipped with a suite of contemporary tools designed to elevate your trading efficiency. Dive deep into the world of trading and harness the potential of numerous analytical patterns to devise and perfect your strategies for the ever-evolving market landscape.

With the app, I can customise my favourite traders, start and stop copying a trader in one click and also chat with the support team. It should be noted that past performance is by no means any guarantee of future performance. Our team has tested hundreds of forex brokers and is pleased to see that FBS goes beyond the standard by offering a demo mode for each of its live accounts and trading platforms. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader.

With the latest trading tools at your disposal, you can trade efficiently and plan your best trading strategies with the help of analytical patterns. Apart from the analysis sections, the FBS broker also offers forex calculators and an economic calendar easily accessible via a mobile app. Novice traders may find FBS very suitable for its low rates, and the educational material helps novices better understand FBS markets. FBS stands with many regulatory bodies making it a good broker. Also, they offer lower fees and higher deposit methods while allowing any trading strategy. Their client support is also good, although their a complicated deposit and withdrawal process.

Copy trade, 100% deposit bonus, and level-up bonus are available with all the asset classes. Traders can precisely anticipate market revenue by trading with this type of account. The CySEC governs the FBS trading platform as the company is licensed under Cyprus Securities and Exchange Commission (CySEC) and provides excellent trading conditions to the clients. The trading platform is also available on mobile devices via the FBS trader app. Clients can easily access the platform via the FBS trader app on smartphones, tablets, and laptops. The mobile app is available for download from Android, Windows, and Apple app stores.

Moreover, both MT4 and MT5 offer demo accounts with access to an authentically replicated trading environment for risk-free practice trading with virtual money. On the face of it, FBS has more extensive market analysis than many forex brokers. Yet while the website contains a large number of useful insights into various markets, our team finds that some articles are outdated. Also, despite its name, the Daily Market Analysis section does not provide daily articles. Importantly, our team finds that European traders have negative balance protection, meaning that you can only lose what is in your account and cannot owe money to the forex broker. The typical spread for the EUR/USD on the FBS Standard and Cent accounts is 0.7 pips.

Review of the FBS trading platforms

In terms of providing safety for trader’s funds, FBS gives negative balance protection. If the account arrives in the obligatory position, it gets under negative balance protection. The added compensation frees the account to zero and ECN accounts.