FBS Forex Broker Review









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Finding the right Forex broker can be rather challenging, as there are so many to choose from. As with any form of investment it is advisable to do some research before picking the best for your needs. We are writing this FBS review to provide you with enough information to compare various brokers, and make an informed decision.

A brief introduction to FBS and what’s on offer

FBS entered the world of Forex back in 2009, so can be considered well-versed in the Forex world. FBS is a trading name of FBS Markets Inc (registration number 119717), Parallax Incorporated (VC0100), Tradestone Limited (353534). There are offices in a number of significant Asian countries, including China, and cities like Kuala Lumpur in Malaysia. However, we should mention that FBS does not accept customers from the USA, Cyprus, Belize, and Russia. FBS is an STP and ECN Forex broker and has won some prestigious awards, including some issued by the World Finance Foreign Exchange Awards.
FBS is regulated by IFSC and CySec:

  • Regulation: IFSC; License IFSC/60/230/TS/17, No.1 Orchid Garden Street, Belmopan, Belize, C.A.
  • CySec (Cyprus Securities and Exchange Commission), License Number: 331/17.

This has given them an enviable reputation as it means they comply with the agencies strong regulations, as well as benefit from increased security measures with regards personal data protection. There is also the promise of speedy and smooth financial transactions.
FBS.com has a great website, with heaps of useful information. Customer service is excellent, with communication possible via email, phone calls, live chat, Facebook messenger, Telegram and WeChat. A number of different languages are supported, including Russian, Spanish, Turkish, Chinese, and of course English.
In general, it is USD and EUR which are the chosen currencies for opening an account, and the minimum deposit amount is $1. Which makes it a good choice for beginners with a small budget. There is also an Islamic account available. There are also a number of attractive Forex bonuses.

FBS offers a range of different accounts

  • Cent account – This is perfect for beginners as it allows traders to gain real experience, but with minimal risk. The minimum deposit is only $1, and leverage is 1:1000. Minimum order volume is 0.01, and floating spreads start at 1 pip. As a beginner it is also useful to be able to use any robots and strategies, without restriction.
  • Micro account – With a micro account traders can enjoy the advantages of fixed spreads and STP trading. There is also leverage of 1:3000 and spreads fixed at 3 pips.
  • Standard account – Once traders have passed the beginners stage they can move onto a standard account. Which is better suited for traders with a little more experience, and those who are ready to test out their strategies. This accounts focus is mainly on improving profits, and reducing risk, with the introduction of reduced floating spreads. Minimum deposit is $100, and leverage is 1:3000.
  • Zero spread account – The minimum deposit for this account is $500, which makes it an option for the more serious trader. As the name implies, trades can be executed with no spread, which means a trader can get more familiar with market conditions, and how they affect trades. Many professional traders find this account very useful. A commission is charged of $20 per lot.
  • Unlimited account – This is a little different than the other accounts, as it is an STP account. It is the option that most resembles trading conditions in the Forex market. Minimum deposit is $500, and the floating spread starts at 0.2 pip. There are no restrictions on open positions and pending orders, so traders have freedom to trade as they please.
  • ECN account – Minimum deposit of $1000 with a floating spread from 1 pip with a leverage up to 1:500.

Once you’ve funded an account with $10000, and traded 50 lots, you are invited to become a VIP client at FBS, which has certain advantages. Such as priority in processing withdrawal and deposit requests, your own account manager, VIP gifts, and a VIP client certificate.
We should also mention that FBS offers a demo account, which is always a brilliant way to start a Forex career. Trading under market conditions, but only using virtual money. With plenty of opportunities to learn more about Forex trading, as well as test out various strategies.

ScreenshotsFBS HomeFBS Mobile

Deposits and withdrawals with FBS

We’ve already mentioned that funds can either be deposited in USD or EUR but also in THB(baths) as the account currency for Thailand, and all the most common payment methods are supported. These include debit and credit cards, bank wire transfers, NETELLER, Skrill, OK PAY, CashU, PerfectMoney and Bitcoin. For Wire Transfer the fee is 30EUR,  minimal withdrawal amounts are as little as $1, unless it is via wire transfer, in which case the amount is $1000.
Customer support is available in a number of different languages. Lines of communication are open 24 hours a day, 7 days a week with through an email and live chat option. 24/5 for telephone and social media.
FBS can be considered a reputable broker, and has, in fact, won several awards. Read the reviews on the website and you’ll see their customers are happy with the service they receive. With such a low minimum deposit and a leverage of 1:3000, they are definitely one to try.

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7 comments on “FBS Forex Broker Review”

  1. Aijaz says:
    Country & city: Pakistan, Lahore
    Rating: ....
    My Experience with FBS Markets has been really good, the features that they are offering are helping me as a trader to get the best possible results out of market, their customer support and deposit withdraw system is good in particular
  2. Karamat says:
    Country & city: Pakistan, Lahore
    Rating: ....
    The good thing about FBS is its promotions which are really helpful for the traders like Deposit bonus and many other offers. Trade execution is good as well as customer support, would like to recommend this broker to others.
  3. Aisha Abubakar says:
    Country & city: Pakistan
    Rating: .....
    Hi I worked with this broker and found it really amazing...I will recommend this broker to everyone , because it is really reliable...they solve all issues and best thing about them is no other broker provide such opportunities then FBS it really help poor trader to make money on forex...Its promotions are mind blowing and really provide opportunity to make money...Love this one....u better try it...
  4. mahmah says:
    Country & city: malaysia
    Rating: .
    I have register an IB account at FBS. Then i invite friends to trade. After that my commission was removed and same goes to my upline. I have livechat with FBS. they said i violate rules. The rules - hedging between are too close. all the buy and sell must more than 6 pip/60 points. For scalper trader - not allow to take tp too little. For hedging trader - can't buy and sell in 6 pips/60 points. FBS never think of hedging strategy. For IB . i have livechat with them. example: If you have 100 clients, you have to monitor and take care all the trading. if any one of the client are violate rules(hedging on 6pip/60points). all of your commission will be cancelled. Problem is , some clients are from website affiliate. which don't even know who is them. we just make a deal, when i got commission then pay them certain percentage. ( this is very common in forex deal) ** 1 client violate , other client commission will cancel** seems this is the TRAP by giving high commission . all IB hardwork will waste in the end. FBS is the winner in the end.
    • FBS_Official says:
      Dear Mahmah! We are glad to know that first of all you have contacted our customer support in order to resolve the situation. Though, we are sorry, that our customer support’s explanation didn’t satisfy you and we consider that this issue should be clarified here, so everyone could see our point. As you have rightly pointed out - our customer support has informed you, that your partner’s commission has been cancelled due to the violation of the rules. In the first place we would like to remind you that each client before becoming an FBS Partner confirms that he/she has read Partner Agreement and has no objection to it. According to the Partner Agreement: 7.4. In case partner commission was received for Buy and Sell orders opened for the same instrument and held in the market simultaneously, while the difference between the opening prices of the orders was less than 5 points, the Company has ground to consider the partner's actions fraudulent and reserves the right to cancel the paid commission (the value is valid for 4-digit quotes. For 5-digit quotes a difference between opening and closing price should exceed 59 points). https://fbs.com/docs/partners_agreement_en.pdf As we see in our system, you have 4 clients. We have checked the trading history of all of your clients and have found out that all of them were using hedged positions, while the difference between the opening prices of these orders was less than 5 (59) points. Unfortunately, this may be considered as the proof that the Partner commission in this case has been received with the help of fraudulent actions. Thus, your statement that if one client violates the rules, all Partner commission is cancelled is not true, since in your case all of your clients were using this scheme. We would like you to note that only that commission is cancelled, which has been got for the hedged orders with the difference between the opening prices less than 5 (59) points. As you may see, the condition about the difference in 5 (59) points doesn’t mean that the hedging is not allowed. We hope that we have managed to clarify all the issues and have high expectation that such situation will not take place in the future.
  5. Zubair says:
    Country & city: Pakistan
    Rating: .....
    I have the account with FBS for 6 months, FBS has quite good execution and trading conditions..they solve all issues and the best thing about them is no another broker provide such opportunities then FBS it really helps poor trader to make money on forex.
  6. Chi says:
    Rating: .
    A few hours ago, I used my EA to open three GBPCAD trades on my account. I was watching the trades and all of a sudden, the three positions closed abruptly with a loss of over $300. Note, I didn't have a stop-loss on my trades neither was the closure due to marginal calls as I had close to $1000 in the account. I immediately contacted support and was told that they couldn't see why the trades were closed that it may be due to my fault. I was surprised as to why this should happen. I insisted that I have the loss due to the closed trades refunded back to my account but the support after keeping me quite for more than 30 minutes kept repeating the same thing "we couldn't see why the trades were closed, blablabla". I honestly feel very bad about this why someone's trade will be manipulated to close in a loss. I respectfully ask for the refund of this loss due to the company and warn people to be very careful with fbs as this is pure trade manipulation, which is against the law. Below I provide my account number: 1268157 in case the company want to address this issue. I will be more than glad to provide an update either resolved or confirming the trade manipulation, that I suspect if I get response.