FBS Markets Review
FBS has been making waves in the forex and CFD trading industry, offering a wide range of market instruments, competitive spreads, and attractive leverage options. In this review, we’ll explore the legitimacy of FBS, its user-friendly trading platforms, and the benefits of its demo account and minimum deposit requirements.
Whether you’re a seasoned trader or just starting your journey in the financial markets, this review will help you decide if FBS is the right broker for you. So, read on as we uncover the ins and outs of FBS Markets.
An Overview of FBS Broker
FBS is a brokerage company that started in 2009 and now operates in over 150 countries. They have gained a lot of customers and partners over the years, with over 23 million traders and 410,000 partners worldwide. This shows that FBS has been doing a great job and people trust them because of their excellent service.
In 2011, FBS won an award for being the best company for people who want to trade a small amount of money. This made a lot of people want to use their service, and they got around 100,000 new customers from all over the world. In 2012, they won three more awards, which made people trust them even more. By 2013, they had 400,000 customers and started using better technology. In 2014, they won an award for being the best company in Asia for the fourth time.
After that, FBS grew very quickly, and they got more than 1 million customers. This made their business grow even more, and they made twice as much money. They got better at what they do and started working in new places. By 2016, over 2.5 million people used FBS to trade, and there were around 200 million orders open.
FBS Broker Review: Regulation
The FBS broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the authority that oversees and controls the Forex market in Cyprus. It is made up of a group of people chosen by the Minister of Finance, including individuals from various financial organizations and regulatory bodies. They work together to ensure that the Forex market operates fairly and according to the rules.
CySEC’s main job is to make sure that everyone follows the rules when it comes to Forex trading. They check if people are doing things the right way and investigate if they find any problems or mistakes. Their goal is to keep the Forex trading industry fair and safe for everyone involved.
Asset Classes in FBS
FBS provides many different options for people who want to trade in the financial markets.. Let’s learn more about these assets.
- Forex: You can trade with more than 28 currency pairs. It doesn’t matter how much money you have, you can access all of them. The spread, which is a fee for trading, can be as low as 0.0 pips.
- Indices: FBS gives you access to 11 important indices, like AU200, DE30, FBS NASDAQ100, Dow Jones, and FTSE100. You can start trading with just 10 lots for these indices.
- Metals: FBS offers two metals, silver, and gold. Gold is the most popular metal for trading on their platform. You can trade gold to add variety to your trading portfolio.
- Forex Exotic: With FBS, you can trade in 9 special currency pairs. The lot size, which is the amount of a currency you buy or sell, is fixed at 100,000 for all these pairs.
- Energies: You can trade in three energy resources, Natural Gas, WTI Crude Oil, and Brent Crude Oil. The lot size is 10,000 for natural gas and 1000 for crude oil.
- Stocks: FBS allows you to trade stocks from world class companies.
- Crypto: FBS gives you many choices for trading cryptocurrencies. They have different types of crypto assets like regular coins, coins paired with fiat currencies, coins paired with other coins, and coins paired with metals. With a special feature called leverage, you can make the most of opportunities in the crypto market. For over 100 crypto assets, you can use leverage up to 1:5, which means you can increase your trading power.
FBS Trading Platform Options
FBS provides three different platforms for trading: FBS Trader, MetaTrader 4, and MetaTrader 5. Each of these platforms has its own special features that can assist traders in their activities.
MetaTrader 4 by FBS
FBS MetaTrader 4 offers many options for customization. It is easy to use and popular among forex traders around the world. With MetaTrader 4, traders can confidently trade in the forex market and other markets, making their trading experience more flexible and user-friendly.
It has over 50 indicators and different timeframes, so traders can customize their charts to fit their needs. The platform can be used on mobile devices like phones and tablets, allowing traders to trade from anywhere. This makes it easier to compare prices and quickly make trades. With MetaTrader 4, trades can be executed quickly, which helps reduce slippage and increase potential profits. It is a trusted and popular choice among experienced traders all over the world.
The FBS Trader is a special app that has everything you need in one place. You can use it on your iPhone or Android phone. With this app, you can trade different things like forex, stocks, metals, energies, and cryptocurrencies. It’s a convenient way to do all your trading in one app.
You can always get help from customer service whenever you need it through the FBS Trader app, even at any time of the day. Plus, with this app, you can withdraw and deposit money anytime and anywhere in the world.
And here’s something cool: if you start using the app, you’ll get a $100 bonus to help you get started, and you can also get some money back, up to 20% of your deposit. With all these great features, you can trade more than 170 different things using the app.
MetaTrader 5 by FBS Markets
MetaTrader 5 is a new and improved version of the trading software MetaTrader 4. It offers more tools to help traders analyze and make decisions. Not only can you trade currencies, but now you can also trade stocks and commodities. This update also gives you more options for timeframes, so you can use different strategies when trading.
With the FBS MT5, you can customize your trading experience. You can create your own tools like indicators and robots to help with trading. There are over 90 indicators to choose from. The chatting tools in MT5 let you talk with other traders and learn more about the market.
With MetaTrader 5, you can trade with just one click and get instant updates on what’s happening in the market. It supports different types of orders to help you manage your trades effectively. There’s also an economic calendar that tells you about important events and how they might affect the markets.
The MT5 platform in FBS also lets you hedge your positions, which means you can manage your risks better. You can look at the markets from different angles with the 21 available timeframes. And to make sure your trading is smooth, there’s a special service called VPS that helps keep your connection stable and uninterrupted.
Account Types in FBS
FBS offers different types of accounts for traders to choose from. Let’s learn about the FBS account types.
- Cent Account: This account is great for beginners. You can trade with smaller amounts, starting from just 0.01 lot. It helps you practice trading in a controlled environment.
- Micro Account: This account is suitable for traders who want to start with a low deposit. You can trade using micro lots, which allows you to manage your risk effectively. The minimum deposit for a micro account is $5, and you can enjoy commission-free trading.
- Standard Account: This account is for forex traders with some experience. You can trade with standard lot sizes and enjoy features like a minimum deposit of $100, no commission fees, starting spreads as low as 0.5 pips, and leverage of up to 1:3000.
- Zero Spread Account: This account is designed for trading specific currency pairs with tighter pricing. You can start this account with just $1 and benefit from reduced trading expenses.
- ECN Account: This account offers direct market access and allows you to connect with liquidity providers. You can enjoy the lowest spreads and fast execution.
- Crypto Account: With $1 beginning deposit, you can trade cryptocurrencies easily. This account charges a fee of 0.05% for each time you open or close a trade. It offers flexible spreads that start from 1 pip, which is the minimum change in price. You can use leverage of up to 1:5, which means you can control a larger amount of money with a smaller investment. You also have the freedom to trade different amounts, ranging from very small (0.01) to very large (500) lots.
Trader Tools offered by FBS Markets
Having access to tools in Forex trading is important to make it easier and earn more money. Brokers like FBS understand this, so they offer a variety of tools to help their clients trade better.
FBS Review: Economic Calendar
FBS has a special calendar that tells traders about important things happening in the economy. It shows when important announcements will be made, like when interest rates might change or when they announce how well the economy is doing. By knowing these things, traders can understand how they might affect the money markets.
FBS has special calculators that can help traders with their trades. They have a pip value calculator that tells you how much each pip is worth in a trade. There’s also a position size calculator that helps you figure out how much to trade based on how much risk you’re comfortable with. And they have a profit calculator that gives you an idea of how much money you might make or lose in a trade. These calculators can be really helpful for traders to make smart decisions.
A currency converter is a useful tool that helps you quickly convert one currency to another. It’s especially helpful when you’re trading forex online. Using a currency converter has a few benefits. First, it saves you time because it makes the conversion process easy and fast. Second, it helps you make sure your conversions are accurate, so you don’t make mistakes. And finally, it lets you keep track of your trading progress by helping you see how your forex trading is going over time.
Customer Support in FBS Market
FBS cares a lot about their customers and wants to make sure they have the best support. They are available all the time to help you with any questions or problems you might have. You can contact them using different apps like Viber, WhatsApp, Telegram, Line, and Messenger. You can also reach out to them through email, phone, or live chat. FBS wants to make sure you can easily talk to them in whatever way works best for you.
FBS Markets is a trusted broker that helps people trade in the forex market. They have different types of accounts to choose from, and their trading platforms are easy to use. They also provide educational resources to help beginners learn about trading. FBS Markets cares about being honest and keeping their customers’ information safe. They also have good customer support to help you if you have any questions. While no broker is perfect, FBS Markets tries their best to give their clients a great trading experience. So, whether you’re new to trading or want to get better at it, FBS Markets is a good option to consider.