FBS Review South Africa – Unbiased Pros & Cons Revealed ( 2020 )

FBS Review

WHAT IS FBS?

According to research in South Africa, FBS was founded in 2009 as an international broker that serve clients from over 190 countries and shows its excellence by numerous prestigious awards and cutting-edge technologies on the Forex Market. 

  • Welcome bonus $100
  • Over 14 000 000+ traders
  • 370 000 partners have already chosen FBS as their preferred Forex company.

It recently became a Cyprus Broker, expanding its service to a European population for both new and professional traders with useful tools and a fully regulated trading service.

FBS brings transparent conditions for trading using popular instruments including Forex, Metals all connected by split-second execution through the ECN model.

It invests in technology making the trading process smooth and more convenient accompanied by the powerful execution and unparalleled customer service FBS provides.

The website has numerous educational materials and programs organized to enhance your trading capabilities and to recognize the importance of knowledge in markets.

To provide the best customer experience FBS organizes seminars and special events, providing its clients with training materials, cutting-edge trading technologies, and the latest strategies on the Forex market.

Both new and professional traders will find these sessions useful.

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Visit their website nowhttps://fbs.com/

FBS Trading Information

  
🕖 Time to open an account24 Hours
🗺️ Country of regulationCyprus
🏢Head OfficeBelize
📈RegulationUnregulated
💰 Inactivity fee chargedNo
💰 Withdrawal fee amount$1
💰 Minimum deposit amount$1
💳 Deposit with credit cardYes
👛 Deposit with electronic walletYes
💰Deposit feesNo
💱 Currency pairs (Total Forex pairs)37
🎮 Demo account providedYes
📊Forex Spot TradingYes
📊Cryptocurrency traded as CFDYes
📊Cryptocurrency traded as actualNo
📊Total CFDs offered11
💰 Commission FeesNo
📈Stocks Offered957
💰Spreads0.9 pips
💰Currency Pairs (Total Forex pairs)47
🥇Publicly Traded (Listed)No
⏱️Deposit & Withdrawal time2-3 days
📜History11 Years
📈Registered Traders14 000 000+
💳 Demo Trading AccountYes
📒 STP AccountYes
📒Standard AccountYes
📱 MetaTrader 4 (MT4)Yes
📱 MetaTrader 5 (MT5)Yes
✔️Android AppYes
✔️Apple iOS AppYes
🚀BonusWelcome bonus of $100
🔥Customer SupportYes
🔥Trust Score95
✔️LanguagesEnglish, Spanish, Portuguese, Arabic, Chinese, Japanese, Indonesian, Malaysian, Thai, Urdu, Vietnamese

SAFE OR SCAM?

FBS is a brand name used by Tradestone Limited, which is a Cyprus registered company, registered with CySEC.

An additional entity of FBS is in the Marshall Islands and Belize, which are offshore zones that do not really prove its reliable status on its own.

Yet, together with regulation from European CySEC it makes FBS a broker that complies to regulatory requirements and therefore offers reliable trading conditions.

There are strict rules towards money protection while FBS keeps traders’ funds in segregated accounts, making it unreachable for any other company use, as well as enhances capabilities by Negative Balance protection.

Being a Cyprus Investment Firm, FBS falls under the Compensation Scheme, which protects the client’s investments in case of broker’s insolvency.

FBS REVIEW OF PRO AND CONS

✔️Pros🔴 Cons
✔️ Commissions are covered by FBS🔴Limited options in terms of account opening to EU based traders compared to non-EU offerings
✔️ Leverage up to 1:3000🔴 No service to clients from USA, UK, Japan, Israel, Canada
✔️ Offers bonuses to new traders
✔️ A range of account types
✔️ Variety of educational material
✔️ Responsive customer support

Leverage levels increase your trading size by its possibility to multiply the initial balance bringing vast opportunities to higher gains.

As usual, offered leverage depends on some factors like your level of expertise, residence, which instrument you trade as well as falls under regulatory restrictions.

Trading with a European entity maximum leverage of 1:30 leverage for major currency pairs. Trading with Marshall Islands FBS may offer high leverage ratios up to almost 1:1000.

Leverage – up to 1:3000 for Marshall; 1:30 for European, and 1:500 for European professional category.

ACCOUNTS

The account types at FBS offer both demo and live trading accounts that give you exactly what you may look for, regardless of the level of the experience.

While opening an account you may choose between Standard Account and Cent Account, which is a perfect option for the beginners due to its much lower requirements and risks involved.

You also have the option of opening a Micro, Zero or ECN account.

Standard account

  • For experienced market players making their way to Forex heights
  • Initial deposit: $100
  • Spread: From 0.5 pip
  • Order volume: 0.01 – 500 lots
  • Leverage: Up to 1:3000

Cent account

  • Perfectly suits those who are just starting on their way to success on Forex
  • Initial deposit: $1
  • Spread: From 1 pip
  • Order volume: 0.01 – 1000 cent lots
  • Leverage: Up to 1:1000

Micro account

  • Ideal for those who want to calculate their profit precisely
  • Initial deposit: $5
  • Spread: Fixed from 3 pips
  • Order volume: 0.01 – 500 lots
  • Leverage: Up to 1:3000

Zero spread account

  • Designed for those who prefer trading at the fastest speed
  • Initial deposit: $500
  • Spread: Fixed, 0 pip
  • Order volume0.01 – 500 lots
  • Leverage: Up to 1:300

ECN account

  • For those who want to feel the full power of trading with ECN technologies.
  • Initial deposit: $1000
  • Spread: From   -1 pip
  • Order volume: 0.1 – 500 lots
  • Leverage: Up to 1:500

MARKET INSTRUMENTS

FBS gives you the options to trade in:

  • Forex
  • Metals
  • CFD
  • Stocks F
  • Forex exotic

FEES

Since there are a few account types, you will have the option to either trade with a spread starting from 1 pip or be offered one with tight spread. The typical spread on the Standard account for the EUR/USD pair is 0.9, and on the Cent Account, the EUR/USD spread is 3 pips.

Remember to keep in account the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio.

In order to decrease your trading costs and maximize profit, trade with narrow spreads. FBS get the most profitable and accurate quotes from its liquidity providers which in turn means you get the best trading conditions.

Choose the optimal spread for your trading strategy. FBS provides the following types of spread:

  • Floating, starting from 0.2 pip
  • Fixed, starting from 3 pip
  • Trading without spread (fixed spread of 0 pip).

DEPOSIT AND WITHDRAWAL

In order to start with live trading, you should deposit money first.  FBS offers a range of the most used and convenient payment options.

FBS allows trading through the Cent account with a deposit of only $1, which is a favorable option for beginning traders. Standard Account demands only a $100 initial deposit so experienced traders may find their way with relatively small amounts too.

FBS charges no fee for both withdrawals and deposits. However, always make sure to check with your payment provider directly in case any fees are waived, depending on your country of origin.

Deposit funds can be done through:

  • Credit Card (Visa/MasterCard)
  • Connectum
  • Skrill
  • Neteller
  • CashU
  • CardPay
  • Perfect Money
  • Bitcoin by Skrill

Withdrawal can be done through:

  • Visa/MasterCard: $1
  • Connectum: 0.50 EUR
  • Skrill: 1-2% + 0.29 EUR
  • Neteller: Under Less than $50, $1; More than $50, 2%.
  • CardPay: 1 EUR
  • Perfect Money: 0.5%

TRADING PLATFORMS

Open Account

As the majority of ECN and technology-based brokers, FBS provides a powerful platform to execute orders, through the market leader, MetaTrader4 and MetaTrader5.

This solid platform delivers a wealth of features, advanced charting, and customization along with auto-trading capabilities. It is available for PC or MAC, Android or iOS devices making it available at any time or anywhere.

  • FBS Trader ( iOS / Android )
  • FBS CopyTrader ( iOS / Android )

MT4 and 5 Features:

  • More than 41 tools: currency pairs, CFD and Futures
  • The same login data to enter all the platforms
  • Low spreads
  • Full functional expert advisors (EA)
  • One-click trading and embedded news
  • Technical analysis tools: 50 indicators and charting tools
  • 3 types of charts
  • Micro-lot accounts (optional)
  • Hedging positions
  • VPS service support
  • Available for PC/MAC, Android or iOS

FBS also gives traders the option to use its FBS platform. In addition to the progressive functions of the MT4, you can enjoy daily technical and fundamental analysis data that is streamed into the news section.

Together with over 50 technical indicators, one-click trading, possibility to create and use EAs with no limitations and you can even trade with VPS service support.

If you decide to trade with the international entity of FBS you will be offered the use of the upgraded version MetaTrader5.

FBS Trader, is an all-in-one trading platform app giving you access to the world’s most wanted trading instruments right from your pocket.

Get all the necessary functionality wrapped in a lightweight yet powerful application and access your trades 24/7 from any iOS or Android device.

  • It’s as powerful as MetaTrader, but much simpler
  • Access markets worldwide – anytime, anywhere
  • Instant deposits and withdrawals via over 100 payment systems
  • Professional support team answering your questions 24/7
  • What are the advantages of MT platform?
  • Trade on MetaTrader without requotes or order deviations, with a wide range of leverage.

HOW TO OPEN AN FBS ACCOUNT

The FBS review is simple and easy.

CUSTOMER SUPPORT

FBS prefers to give customer support through live chat or a call back request.

EDUCATION

FBS has ample support and help for the beginner trader. There are Forex guidebooks for beginners, elementary, intermediate and experienced traders where you can get a quick yet enough information about trading essentials.

A selection of books that will help you learn the basics of forex trading to feel confident on the market. All the books on are in English.

Tips for traders (tricks to improve your trading), webinars, video lessons, seminars and a glossary are also available.

A trader’s calculator and currency converter are also available where you can calculate your income. It also provides you with information on how to use the calculator.

RESEARCH

FBS arms you with the latest news through the link to company news, daily market analysis and Forex news and forex TV where you can look at webinars on the newest trading plans.

It provides an Economic calendar on currencies and stocks with indications what events takes place where and when. The research division is not as comprehensive as the education division.

AWARDS

For the years in operation, FBS has received over 40 international awards that recognize them as a Transparent Broker with Best Customer Service and some of the most rewarded Brands worldwide.

  • Highly Recommended Broker Insurance Company in Indonesia of the year, 2015
  • Best Forex Brand, Asia, 2015
  • Best Safety of Client Funds Asia, 2015
  • Best broker in Asia-Pacific region, 2015
  • The Best FX IB Program, 2016
  • Best FX Broker Indonesia, 2016
  • Best Forex Broker Southeast Asia, 2016
  • Best Forex Broker Thailand, 2016
  • Best International Forex Broker, 2016
  • Best Customer Service Broker Asia 2016
  • Top IB Program, 2016
  • Best Investor Education, 2017
  • Best FX IB Program, China 2017
  • Best broker in the Middle East, 2018
  • Most Transparent Forex Broker, 2018
  • Best Forex Trading Account, 2018
  • Best Copy Trading Application Global, 2018
  • Best Forex Broker Asia, 2018
  • Most Progressive Forex Broker Europe, 2019
  • Best Forex Broker Vietnam, 2019

 

CONCLUSION

FBS represents a brokerage company, which relies on fair-trading services and brings an opportunity to every trader no matter the level of expertise or even size of investments.

The range of account types, platforms along with advanced tools and convenient customer supports proof this. Trading costs are average, and there is no misunderstanding in the market that FBS is a model company as an ECN Broker.

DISCLAIMER

FBS Markets Inc activities are regulated by IFSC, license IFSC/60/230/TS/19; Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.

The domain and all rights belong to FBS Inc.; Registration No. 74825; Address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

The website is operated by FBS Markets Inc.; Registration No. 119717; FBS Markets Inc is regulated by IFSC, license IFSC/60/230/TS/19; Address: No.1 Orchid Garden Street, Belmopan, Belize, C.A.

The FBS Agreement includes terms and conditions of all the Company’s services provisions in the sphere of the financial markets and financial tools either presenting or not presenting on the organized market

The FBS agreement should be carefully read by client as they regulate the conditions of the client’s trading and non-trading operations along with all the relationship between the client and the company in general, According to research in South Africa.

Frequently Asked Questions

What is FBS Overall Review Rating?

9/10

What is the minimum deposit to start trading on FBS?

$1

Is FBS safe and secure?

Yes, 100 %

Does FBS offer a demo account?

Yes

Does FBS offer a bonus?

Welcome bonus of $100

Regulated By FSB-SA

Your money is safe with us  |  Enjoy fully segregated accounts