A Look into the History and Growth of FBS: From a Small Asian Broker to a Global Leader in Online Forex and CFD Trading
FBS is an online forex and CFD broker that was founded in 2009. The company is based in Belize and is regulated by the International Financial Services Commission (IFSC) of Belize.
In the early years of its operation, FBS focused on providing trading services to clients in Asia, particularly in Indonesia, China, and Vietnam. The broker quickly gained popularity due to its competitive trading conditions, including low spreads and high leverage.
In 2011, FBS was granted the title of the “Best mini Forex broker” by the World Finance Awards. This award helped the company to establish its reputation as a reliable and professional broker.
In 2012, FBS expanded its services to include trading in metals, indices, and energies. It also launched its own online trading platform, the FBS Trader, which was designed to be user-friendly and easy to use for traders of all levels.
FBS continued to grow and expand its services over the following years, and in 2015, it became an official partner of the football club FC Barcelona. This partnership helped to further increase the company’s global visibility and reputation.
Today, FBS is one of the leading online forex and CFD brokers in the world, with over 15 million registered traders and a daily trading volume of over $1.5 billion. The company is known for its competitive trading conditions, its range of trading instruments, and its excellent customer support.
FBS Review: Regulation
FBS is regulated by the International Financial Services Commission (IFSC) of Belize, which gives it a level of oversight and accountability to ensure that it operates in a legal and ethical manner. This is a positive aspect of the broker and can give traders some peace of mind when it comes to the safety of their funds.
FBS Review: Platform and Tools
FBS offers the MetaTrader 4 and 5 platforms, which are among the most popular in the industry. The platforms are well-designed and easy to use, and they come with a wide range of tools and features that can help traders to analyze the markets and make informed decisions. The platforms are also available for a range of devices, including desktop and mobile.
FBS Review: Fees and Spreads
FBS offers competitive spreads on its forex pairs, which can be as low as 0 pips on certain accounts. The broker also charges no commission on trades, which can help to keep trading costs low. However, traders should be aware that there may be overnight rollover fees, which can add to the cost of holding positions overnight.
FBS Review: Execution Speed and Slippage
FBS claims to execute trades in milliseconds, which can be beneficial for traders who are trying to take advantage of fast-moving market conditions. The broker also claims to have low slippage, which can help to prevent unexpected losses. However, it’s always good to test the platform with a demo account before trading live.
FBS Review: Leverage and Margin
FBS offers leverage up to 1:3000, which is among the highest in the industry. This can be beneficial for traders who want to trade with a small amount of capital and take advantage of the high leverage. However, it can also be risky, as high leverage can lead to large losses if the trade goes against you.
FBS Review: Customer Service
FBS offers customer service through live chat, email, and phone, and the support team is available 24/5. The broker also has a range of educational materials on its website to help traders learn more about trading and the markets.
FBS Review: Payment Methods in Indonesia
FBS offers a range of payment methods for Indonesian traders, including bank transfer, credit/debit card, and e-wallets such as Skrill, Neteller, and Perfect Money. Local payment methods such as FasaPay and QIWI are also available.
FBS Review: Research and Education
FBS offers a range of educational materials on its website, including webinars, video tutorials, and an economic calendar. The broker also offers market analysis and news, which can help traders stay up-to-date with the latest developments in the markets.
FBS Review: Account Types
FBS offers a range of account types, including Micro, Standard, Zero Spread, and Unlimited. Each account type has different features and is suitable for different types of traders. For example, the Micro and Standard accounts are suitable for beginners, while the Zero Spread and Unlimited accounts are more suitable for experienced traders.
FBS Review: Bonus and Promotions
FBS offers a range of bonuses and promotions, including a welcome bonus, a deposit bonus, and a loyalty program. These can be beneficial for traders who want to increase their trading capital, but traders should be aware that bonuses and promotions may come with certain terms and conditions, and they may not be suitable for all traders.
Assessing the Pros and Cons of FBS Forex Broker: Understanding the Advantages and Disadvantages of Trading with FBS
FBS Review: Advantages of FBS Forex Broker:
- Competitive trading conditions, including low spreads and high leverage.
- A wide range of trading instruments, including forex, metals, indices, and energies.
- User-friendly and easy-to-use trading platform, the FBS Trader.
- Strong reputation and global visibility as a result of partnerships with FC Barcelona and other organizations.
- Excellent customer support, available 24/7 in multiple languages.
FBS Review: Disadvantages of FBS Forex Broker:
- Limited regulation, as the company is only regulated by the International Financial Services Commission (IFSC) of Belize.
- Some negative reviews from clients about withdrawal and platform issues
- Lack of research and education tools compared to some other brokerages.
- Bonus promotions and contests may not be suitable for all clients.
A Comprehensive List of Platforms and Trading Instruments offered by FBS Forex Broker: Understanding the Options Available to Traders
FBS Review: Platforms offered by FBS Forex Broker:
- FBS Trader: A proprietary web-based trading platform that is user-friendly and easy to use for traders of all levels.
- MetaTrader 4: One of the most popular and widely used trading platforms in the industry, offering advanced charting and analysis tools.
- MetaTrader 5: The latest version of the MetaTrader platform, offering even more advanced features and tools for professional traders.
FBS Review: Trading Instruments offered by FBS Forex Broker:
- Forex: A wide range of currency pairs, including majors, minors, and exotics.
- Metals: Gold and silver.
- Indices: A selection of popular indices, such as the S&P 500 and NASDAQ.
- Energies: Crude oil and natural gas.