FBS Quick reference
FBS broker, which stands for Financial Brokerage Service, appeared on the market of services for traders in 2009. The company is officially registered in the Marshall Islands. The broker is licensed to trade from the IFSC (Belize) regulator and the Cypriot CySEC. The broker is widely oriented to the international market. This is evidenced by the existence of about 20 localizations in different languages. Not so long ago, the company also provided services in the Russian market but according to the feedback of distressed traders, the company was forced to quit.
The broker's focus in trading is Forex and CFD. The company provides the opportunity to trade in 37 currency pairs and 11 options for contracts for difference. There are also cryptocurrencies, but only within the framework of CFD. On the official website, you can open 1 of 4 types of accounts. If necessary, the type of account can always be changed. Especially for beginners, «Cent" account was developed. The threshold for entry is as low as possible - it is enough to have $ 1 on the deposit to start trading. But there are limitations, for example, micro lots. The leverage is also not the largest for this broker - it is only 1: 1000.
In the “Standard” account the maximum leverage is already 1: 3000, and the spread is reduced to 0.5 pips. The starting deposit for this type of account is $ 100. The “Zero spread” account is ideal for scalping. To start trading with a zero spread, it’s enough to deposit $ 500 into the account.
As a special offer, the broker offers an ECN account. The spread can be negative starting from 1 pip. To start you need to have at least $ 1000 on a deposit. The leverage is rather small as for this broker - it is only 1: 500. FBS bears service fees for all accounts.
Also, a big advantage of the brokerage company is the 24-hour daily technical support work. The broker provides the services of trading consultants and access to current market strategies.
Platforms and working instruments
FBS broker operates only within MetaTrader. The MetaQuotes Software Corporation platform package includes the standard MT4 and MT5. You can enter to the platforms using both Windows and Mac OS. Traders can also use Android and iOS apps to trade directly from their phone or tablet. Among the conveniences of trading specifically on these platforms, we can distinguish:
- a single login and password to log into all systems,
- low spreads,
- the opportunity to get advice from an expert,
- one-click trading and built-in news,
- tools for technical analysis,
- 3 types of graphs,
- hedging positions.
Replenishment and withdrawal of funds
To open an account, each trader needs to go through the registration procedure. Unlike many traders, FBS has a very short one. Next, the trader needs to choose the type of account. To start trading, you must necessarily replenish the deposit with the starting limit, estimated for each type of account. Since the broker provides services in many parts of the world, in terms of receiving and withdrawing funds the company tries to cover the most basic payment systems. They include Visa, NETELLER, Stic Pay, Skrill, PerfectMoney and others. Mainly, the company accepts funds in euros and dollars, but you can deposit funds in yen. Transfer fees depend on the selected payment system. You can withdraw funds into the same account into which the deposit was made.
The broker has been represented on the market for a long time to establish itself as a workable solution for many traders. However, FBS lacks permissive licenses from respectable regulators. That’s why the doors to serious markets are still closed for this company.