FBS Review: Is FBS Good?

Overview and general information of FBS broker

FBS is an online broker founded in 2009 by investors with a passion for trading education and technical analysis. Headquartered in Belize, FBS offers a full range of Forex and CFD trading services to clients around the world. Today, it is an international broker with trading services in over 150 countries.

Licenses obtained by FBS broker

If you ask whether FBS is good or not, you should start by considering the license factor first, which has the following licenses:

• FBS Markets Inc. is registered by the Financial Services Commission under the Securities Industry Act 2021, License No. 000102/6.

• Regulated by IFSC (Belize) License No. 000102/460.

• Cyprus Securities and Exchange Commission (CySEC) No. 331/17

Products and services from FBS broker

Trading products

For those who want to trade various assets with FBS, the platform offers a wide range of assets, making it easier for you to find the right trading strategy with over 500 instruments to choose from. The main assets are currency pairs such as EUR/USD, USD/JPY and GBP/USD, as well as futures contracts or CFDs. Futures contracts are contracts that refer to the price of other assets, such as stocks, indices or currencies.

FBS trading platform

One of the reasons why FBS broker has so many users and reviews is because of its ease of use, multi-platform trading, and the convenience it provides traders with, anywhere, anytime, through these powerful platforms.

• MetaTrader 4 (MT4): The most trusted and widely used trading platform in the financial industry, it comes with a full range of functions to meet the needs of traders.

• MetaTrader 5 (MT5): An enhanced platform from MT4 with more functionality such as multi-market trading, derivatives trading and direct stock market transactions.

• FBS Trader: FBS's in-house platform is easy to use on mobile devices, covers all types of transactions, and can be downloaded for both Android and iOS.

FBS Broker Account Types

FBS offers a wide range of Forex trading account services to meet different trading needs, as follows:

• Standard Account: Minimum deposit $100. Supported trading account currencies USD, EUR, JPY.

• Zero-Spreads Account: Minimum deposit $500. Supported trading account currencies USD, EUR, JPY.

• ECN Account: Minimum deposit $1000, Supported trading account currency only USD.

• Cryptocurrency Trading Account: Minimum deposit is $1 USD. Trading account currency is supported only for cryptocurrencies pegged to the US Dollar, or United States Dollar Tether (USDT).

Pros and cons of FBS broker

strength:

• Leverage, or the amount of money that brokers lend to traders, is as high as 1:3000, allowing for more flexible trading.

• The function covers a wide range of usage, supporting multiple languages such as English, Thai, Arabic, Japanese, Chinese.

weakness:

• There are fees that are considered high.

• If you reside in the EU, UK and Australia, you will have fewer account types to choose from than other regions.

• There is a problem with the stability of the platform. During peak trading hours, orders are delayed or not confirmed.

• FBS Trader's customer service and technical support are not enough.

• If you reside in the EU, UK and Australia, you will have fewer account types to choose from than other regions.

Office location and contact channels

• Head Office Location: 9725, Fabers Road Extension, Unit 1, Belize City, Belize

• Contact channels:

  • Phone number: +357-22-010970 or +501-611-0594

  • Facebook:https://www.facebook.com/FBSThailand/

  • LINE Official:https://line.me/R/ti/p/@281vufwr 

FBS Broker Overview Summary

From all the information, it can be said that FBS broker is another Forex broker that is certified and regulated by a standard agency. The functions are comprehensive, there are many accounts and assets to choose from, and it supports both MetaTrader 4 and MetaTrader 5 platforms.

However, there are also disadvantages to consider, such as the stability issues of the FBS Trader platform, which can delay the execution of trades during peak trading hours. In addition, the variety of trading instruments is still limited compared to other platforms on the market. Technical support is also inadequate, which means that traders have to wait for long periods of time or do not receive effective responses. The platform’s costs and fees are high, and the FBS Trader platform interface has been criticized as being unintuitive and complicated for beginners.

With these disadvantages, investors should carefully consider before choosing the services of FBS broker to reduce risks and potential problems in trading.

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FBS  Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions, and more with real user reviews to help you decide on the broker that suits your needs.