|Withdrawal fee amount:||None|
|Inactivity fee charged (Y/N):||N|
|Max leverage:||1:30 or 1:500|
|Spread from:||1 pip|
|Number of instruments:||200+|
|Time to open account:||1 business day|
|Demo account provided (Y/N):||Y|
|Countries of regulation:||Cyprus|
Our full FBS Review is coming soon.
FBS is a global online Forex broker founded in 2009 that has more than 13 million active clients in 190 countries. FBS is a MetaTrader-only broker that is headquartered in Belize and licensed by the country’s International Financial Services Commission (IFSC). The broker has a European subsidiary (fbs.eu), which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and serves the European markets.
The broker offers negative balance protection for clients who sustain losses greater than their account balance. FBS offers multiple account types for all types of traders, with minimum deposits as low as $1.
FBS has very reasonable spreads, with the EUR/USD currency pair having an average spread of 0.9. FBS offers different spreads depending on the account type, with the zero account having a fixed spread of 0. However, the firm charges a $20 commission on each side of the trade. The standard account offers variable spreads as low as 0.5 pips without any commissions, while the cent account has similar spreads starting at 1 pip and fixed spreads starting at 3 pips. FBS offers one of the highest leverage levels in the market, with a maximum leverage of 3000:1.
FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms to its traders.
The broker offers five types of accounts: a cent account, a micro account, a standard account, a zero spread account, and an ECN account.
FBS is a non-dealing desk broker that offers STP (straight through processing) and ECN (electronic communications network) for client orders. The broker recently launched a new proprietary trading platform known as FBS Trader.
FBS offers 35 Forex pairs, four metals, and three CFDs and stocks. The firm permits the use of Expert Advisors and guarantees no re-quotes on orders.
This broker offers customer support via a chat icon available on the website, while clients can request a call-back via a link at the top of its website. The company offers prompt support via social media platforms such as Facebook, Facebook Messenger, Telegram, Twitter, Instagram, and YouTube.
Customer service is offered in English, Spanish, Portuguese, Russian, Arabic, Lithuanian, Bengali, Chinese, Bahasa Indonesia, Korean, Bahasa Malaysia, Thai, Urdu, Japanese, Vietnamese, Tamil, Lao, and Burmese.
Response via the channels listed above is quite fast.
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