FBS Review: South African Edition 2024

If your losses go too far, positions are closed automatically. If you have experience trading with FBS please share your personal review of the broker and what you think are strong and weak points. No wonder they got such a hig hscore for mobile, that app is really something.

FBS Supported Markets

• The support is available 24/7 through live chat, international phone lines, email, and even social media.
• It has been operating since 2009 and is regulated by two reputable authorities, which indicates some level of stability.
• At these times, the market is typically highly liquid with the tightest spreads.
• FBS’s Standard Account has no commissions on trade entries or exits.

With that said, promotions may be available to traders outside Europe. You can claim any welcome bonus and view terms and conditions when you sign up for an account. This means that those unsure which account type is best for them can test each of the Standard, Cent and Crypto accounts using virtual money in a simulated environment.

Founded in 2009, FBS is an established online trading platform that specializes in contracts-for-differences (CFDs). This means that you will be able to trade a wide variety of assets with leverage and have the ability to go long or short on your chosen marketplace. Under these guidelines, the broker offers you several fund protection mechanisms, including negative balance protection and investor compensation. A number of payment methods fbs broker reviews are supported including Visa and Mastercard, Neteller, Skrill, WebMoney and a number of other local methods. Skrill and YuuPay are the only methods that incur additional charges and many payment methods are processed immediately. FBS offers a wide range of forex instruments, including popular and exotic pairs.

If you prefer any other languages, contact the support team. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. Carney suggested that the trade tensions with the United States have created a “strong consensus” in Canada on the need to develop new trading arrangements and boost defence spending. Carney presented Canada as a trustworthy trading partner with connections to every major market.

Analyzing Currency Pairs for Successful Forex Trading: The Art of Pairing

But, the spreads on the Standard account are more competitive, as they start at 0.5 pips. Once again, as FBS specializes in CFD instruments, you can trade all supported cryptocurrency markets with leverage. Plus, if you believe that a digital token is likely to go down in value, you can short it by entering the market with a sell order. To begin our FBS review, we will explore the number and types of markets offered by the broker.

Forex Exotic

Account stats like account equity, margin, free margin, and floating P&L are all viewable within the app. Beyond trading itself, users can top up their accounts by making deposits via the app and also contact 24/7 customer support via live chat. In addition to the MetaTrader 4 and 5 apps, FBS provides a feature-rich proprietary app.

• The platform provides many resources, including Market and VIP Analytics for global clients and financial news, webinars, and expert analysis available through Forex TV for EU clients.
• Exness offers access to Forex and CFD instruments on a secure and globally recognized platform.
• Not only does FBS offer floating spreads that start from -1 pips, but this account type comes with competitive commissions of $6 per slide.
• Unfortunately, the FBS Trader app is only available on Android devices at the moment.
• The trading fees may vary depending on the client’s area and FBS account type.

You earn a percentage of the spread from their trades, credited daily. FBS uses segregated accounts to safeguard client funds, keeping them separate from company assets. It also provides negative balance protection, meaning clients can’t lose more than their deposited amount, even during extreme market volatility. FBS is committed to providing a seamless, accessible, and rewarding trading experience. We aim to inspire traders to embark on their journey and support their growth with exceptional conditions, tools, and a strong community. The broker’s proprietary trading app is FBS Trader, which can be downloaded from the App Store and Google Play, and allows users to trade forex on the go.

FBS Review

It provides many advanced technologies on the forex market as well. As a result, FBS appeared as a global broker in Cyprus and opened the door to diversifying its services throughout Europe. Yes, FBS supports mobile money deposits and withdrawals in several regions. FBS supports deposits via bank transfers, credit/debit cards, and popular e-wallets like Neteller, Skrill, Perfect Money, and SticPay.

They don’t offer deposit insurance, but they do limit access to company staff. The idea is to avoid misuse of user funds or unauthorized withdrawals. They’ve been pushing into different regions for years now. A lot of traders in non-Western countries use FBS because it feels accessible.

Scalpers, who are in and out of the market within seconds, can benefit from fast order execution and tools like depth-of-market (DOM) in MetaTrader 5. VPS hosting also aids scalpers with improved stability and execution speed. Besides, exclusive educational content, including webinars, videos, tips seminars, Forex news, daily market analysis, and weekly insights, is also available.

We score and compare forex brokers in more than 15 categories. This broker provides multiple contact methods, including a contact number and live chat, which are available throughout the forex trading period. The demo account features live quotes and simulates live market conditions in assets like forex and CFDs on commodities, indices, and stocks.

Most deposits show up instantly, and withdrawals don’t take long either. Slippage can happen during news or fast markets, but the platform handles most orders without delay. FBS keeps things fairly transparent when it comes to costs. There’s no commission on most trades unless you pick a specific account that charges it. Traders can open positions with small amounts, use high leverage, and scale up without hitting strict limits. These are designed for users who don’t want overnight interest fees.

This is a drawback, especially for beginners, who may need to find quick answers in the early stages of trading. The broker currently boasts over 16 million customers in 190 countries and 40 industry awards. And these are on top of the bonuses and promotions already being offered by FBS. There is a 100% deposit bonus, a $123 bonus, cashback, FBS lucky T-shirt, and the gift of an iPhone 5s Plus.