FBS Review - ✅ 100% Legit Broker November 2024
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Founded in 2009, FBS is an online brokerage firm offering forex and CFD trading across over 35 currency pairs and 5 crypto coins. Regulated in EU, Belize and Seychelles, FBS provides traders globally with 1:3000 leverage, bonus programs up to $123, micro lot trading from 0.01 lots and access to MetaTrader 4 and 5 platforms.
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Coupon Detail
Try Demo Trading with FBS
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Submitted: 21 days ago
Ratings and Reputation
FBS garners a 4 out 5 star user rating based on key service features. On TrustPilot with over 500 reviews, FBS has a 3.9 out of 5 star rating, indicating mostly positive customer feedback but still scope for improvement as per experiences shared online.
Trading Offerings
FBS offers forex trading across major and minor currency pairs with average spreads as low as 1 pip for USD/EUR. Other tradable instruments include global stock index CFDs on S&P 500 and FTSE 100, commodities like gold and oil, shares CFDs and major crypto coins through CFDs only. Traders can access up to 1:3000 leverage on certain currency pairs.
Fees and Commissions
A key highlight of FBS is the micro lot trading starting from 0.01 lots to accommodate small ticket size traders. Tight spreads provide good baseline value along with zero commission structure across account types. Funding options comprise of Visa/Mastercard credit cards, Skrill and wire transfers. Lower costs benefit scalpers.
Platforms
FBS offers its self-built proprietary platform alongside integration with MetaTrader 4 and MetaTrader 5 tailored more for brokerage operations. The proprietary platform comes with technical indicators, risk management tools and one-click trading execution while MT4/5 enable EAs and backtesting capabilities. Multiple bridges and plugins enhance connectivity.
Research and Analysis
FBS trails industry peers when it comes to trading tools, research capabilities and market analysis support. Neither technical nor fundamental research assistance is provided directly. Educational resources are also limited for beginner traders to learn the markets. These gaps seem unusual for an established brokerage like FBS.
Regulation and Safety
Through CySEC and IFSC regulation, FBS adheres security measures like fund segregation, SSL data encryption and identity verification checks. Furthermore, partnerships with liquidity providers like Equinix, Integral and Swissquote institutional grade trade routing and execution. Together they foster operational transparency.
Pros of FBS
- Micro and swap free accounts tailored for scaling strategies
- Lucrative deposit bonuses and loyalty cashback
- Access to both MetaTrader platforms
- Multiple bridges and plugins for connectivity
- Start copy trading without investment thresholds
- Educational materials help beginner traders
Cons
- Strict regulation leads to geo-restrictions
- Gaps in proprietary research capabilities
- Inactivity fees on certain accounts
Final Words
For price sensitive traders eyeing micro and nano lot trading, FBS delivers the value through competitive spreads and account types supporting small ticket sizes. Streamlined proprietary technology specially designed for micro ecosystems grants reliable access supplemented by bridges to MT4/5 platforms. As FBS doubles down on Asia and Africa, matching industry standards for research, mobile experience and funding options will further aid its vision to lead micro market segments.
FBS Coupon Details
| Website | https://fbs.com/
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| Primary Category | Forex |
| Secondary Category | CFD Trading |
| Monthly visits | 978K |
| Affiliate Program | Available |
| Active Coupons/Promotions | 1 |
| Socials |
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| Date Published | 2023-12-25 15:37:38 |
| Date Modified | 2024-11-18 04:05:07 |
Screenshot of FBS
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