You can read my articles about the best forex brokers on this page. FBS offers multiple bonuses that all work in a slightly different way. The FBS no deposit bonus is available under IFSC regulation only. In fact here you can get as much as $100 in real trading cash with no deposit. There are a number of conditions though so you can only actually withdraw from this money if you have met these conditions within the past 30 days.
Also, you should always count on the FBS overnight fee or swap in case you perform swing strategy and hold positions longer than a day. Each instrument has its own ratio, which you may see as the example above or check directly from the platform. As for the trading insturment selection, we found good conditions for trading on Forex, Metals while all connected by split-second execution through the STP model.
#1 FBS CFDs Review
FBS is a reputable broker that has received numerous awards, although these are mostly for its endeavors in Asia. Customer feedback is very positive so they must be doing something right. One thing, however, that makes them unique is their ‘breakeven trading’ insurance scheme.
A user can open many account types and can even deposit differing amounts per account type. Because there are different types of accounts that a user can access, it’s recommended that users first try the demo version of the account they want to try. An FBS Standard Account is an account that offers traders access to a range of trading tools and features, including real-time streaming data, charts, news, and alerts. With a Standard Account, traders can make trades in a variety of currencies and commodities, as well as trade on margin.
Is FBS a legit broker?
BRKV – FBS offers traders 4 different types of account, which are the regular accounts (Cent account, Standard account, and Fixed Spread account) and the ECN account. Each account type has its own features that are suitable for different types of traders. BRKV – FBS is rising as one of the best forex brokers for the Asian regions in 2019, especially in Thailand and Indonesia. So, today I will give an FBS review for new traders who are still struggling to find themselves a suitable forex broker.
- Similar to the MetaTrader 4, there is a mobile app for MetaTrader 5 available for both Android and iOS devices.
- The team behind the broker is always able to offer clients very detailed information about any topic.
- Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation.
- Is FBS legit features all the key aspects you need to look at to see if a broker is safe and legit.
Deposits are processed as an instant with the exception of wire transfers. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. No wonder the broker is growing rapidly due to the incredible growth in the number of clients. Learn2.trade takes no responsibility for loss incurred as a result of the content provided inside of our Telegram groups.
Is the quality of customer service satisfactory?
Dedicated trading guides, tutorials, economic calendar, and TV channel help FBS’s clients in their trading journey. In addition, demo accounts also facilitate beginners and news comers to the broker to better understand the mechanics of trading in real-time with virtual money. Moreover, copy trading helps investors to invest in professional traders’ portfolios. On top of that, FBS offers multiple payment options to facilitate transaction processing worldwide.
These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products. FBS is a brokerage company https://forex-review.net/fbs-review/ offering trading services for clients
Australia, Cyprus, South Africa, Belize and United Kingdom. Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent. Much like the Micro account, the spreads are offered on a floating basis.
FBS account types
In most cases, you won’t be required to wait more than a couple of minutes to connect with an agent. In addition to regulation, you should also consider the reputation of FBS before signing up. First and foremost, the broker has been offering trading services since 2009. This means that FBS has a proven and long-standing track record in this brokerage arena. Traders of all skillsets rely on tools to help them make more accurate predictions of the financial markets.
It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. As time goes on, the broker will likely win more awards for its offering and its commitment to Forex traders. The awards won so far highlight some of the best aspects of its unique offering. You can use the same methods to withdraw funds from your account as you used when adding funds.