Tag: Trading platforms

FBS is one of the brokers that you surely hear about the most on the internet. This company invests heavily in advertising and has established itself as one of the preferred options by many traders. But is this a reliable broker? Is it legit? Are your rates competitive? In this review, we will address each of these questions and give them a clear and forceful answer. If you are a trader who wants to step into the world of trading with the best trading experience, you might want to give FBS a try. Because? Let's see it. According to CryptoNewsZ, FBS is an online platform designed to trade a wide range of assets. There is no need to have exorbitant capital to start trading currency pairs, commodities, or stocks. FBS also offers ideal leverage and fair margin calls. Read this full FBS review to learn more about one of the best brokers and trading platforms around today. FBS General Details Official Web site www.fbs.com headquarters Cyprus Foundation year 2009 Regulated by IFSC, CySEC, FSCA, ASIC Products Offered Forex, Metals, Indices, Commodities, Exotic Forex, Stocks, and Cryptocurrencies. minimum initial deposit Cent account: USD 1Micro-basin: USD 5Standard account: USD 100Zero Spread account: USD 500ECN account: USD 1000Crypto account: USD 1. maximum leverage Cent account: 1000: 1 Micro-basin: 3000: 1 Standard account: 3000: 1 Zero Spread account: 3000: 1 ECN account: 500: 1 Crypto account: 5: 1 Islamic account Yeah demo accounts Yeah MetaTrader 4 (MT4) Yeah MetaTrader 5 (MT5) Yeah trading fees Not for all accounts except those noted here: Zero spread account: USD 20/ lot ECN account: USD 6 Crypto account: 0.5% for opening and closing trades. inactivity charge No Withdrawal Fees It depends on the withdrawal methods. Base currencies to operate USD, EUR, BTC, LTC, ETH, DASH Customer Support Yes, via Live Chat, call back, email, and FAQ page. What is FBS? FBS is an online brokerage platform that allows access to international markets to trade CFDs and Forex. The firm was established in 2009 and is owned by Tradestone Ltd. It is insured and regulated by the Cyprus Securities and Exchange Commission, CySEC, which means that the broker is registered in Cyprus and operates under the laws of the country to protect funds. of your clients. FBS international offices are regulated by the Belize IFSC (International Financial Services Commission) and the company is operated by FBS Markets Inc. Based in Cyprus, FBS is a transparent broker associated with more than 17 million traders from 150 countries around the world. FBS has been an official sponsor of the Barcelona Football Club. The firm is one of the most preferred companies for Forex trading and offers access to the MetaTrader platform. With MetaTrader, traders can trade currencies, metals, energy commodities, stocks, cryptocurrencies, and indices. WBO, an international business magazine, has named FBS its best broker in the customer service category in 2022. FBS Features FBS officially sponsors Fútbol Club Barcelona, one of the most popular soccer teams in the world. In addition to being the sponsor of Barcelona, they also sponsor Leicester City. The features of the FBS trading platform are described in detail below: Trading platforms FBS's non-dealing broker system and broker's Copy Trading applications allow fast execution of market orders. Once registered with the broker, FBS clients can access two types of Metatrader platforms (MT4 and MT5). With Metatrader you can trade and invest in a wide range of assets. MetaTrader 4 The FBS MetaTrader 4 platform is a highly regulated and advanced application. It is an application that can be easily downloaded and installed on users' devices. Traders might want to use MetaTrader 4 for the following reasons: Execution of orders with a single click and copy trading. Availability of a wide set of graphical tools and technical indicators to follow market conditions. Easy access to Expert Advisors (EAs) for automatic trading options and automated copy trading. Quick execution of investment and trade orders through the mobile applications of the platform. Availability of Trading VPS (Virtual Private Server) and support for FBS clients. FBS offers access to the MetaTrader 4 multi-terminal to allow its clients to trade multiple accounts live trading at the same time. MetaTrader 5 The MetaTrader 5 platform has recently been integrated with the FBS website to diversify the portfolio of registered investors. MetaTrader 5 is an update of MetaTrader 4 that offers the same services as the previous platform with some additional features: Advanced technical indicators and tools to reliably predict market conditions despite the risks involved. Availability of an in-depth perspective of the much broader leading market. Accessibility to a wider variety of orders and different time structures for copy trading. Both MetaTrader platforms can be accessed directly from the FBS website without downloading and installing the program. The MT4 and MT5 services are compatible with all operating systems. Financial markets FBS users have at their disposal frictionless access to a diverse set of markets to trade in a wide spectrum of assets. The markets available for trading and investing are listed below: Forex: With 28 standard currency pairs and 16 exotic currency pairs in the best Forex markets. Energy markets: WTI and Brent Oil. Precious metals: 4 metals. Indices: Cash-based indices listed on Nasdaq and other world exchanges. Shares: Of publicly listed companies. 40 from the US, 30 from Germany, and 30 from the UK. Cryptocurrencies: FBS allows its traders to carry out cryptocurrency trading in the personal area of the platform and the FBS Trader application. Users can choose their payment providers directly. They also have at their disposal 35 pairs of cryptocurrencies against other cryptos or fiat money. Trading fees The FBS trading platform offers spreads that are in line with the market and the types of trading accounts that the user chooses. For the Euro/Dollar pairs, a spread of 3 pip is set for the micro-basin, 0.0 pips for the ECN and Zero accounts, and 1.1 pips for the Standard and penny accounts. The same spread value becomes 0.7 pips for Standard and Penny accounts in the European Union. It, therefore, appears that FBS spreads are quite competitive on Zero and ECN accounts as well. FBS international offices impose a fixed commission of USD 5 per lot on the ECN account and USD 20 per lot on the Zero account. The offices charge USD 25 for trading CFDs and USD 3 for trading shares. Cryptocurrency brokers charge a nominal 0.05% commission for opening and closing digital currency positions on crypto markets. The FBS trading platform imposes an overnight fee, as well as a $5 cancellation fee for each trade that is made based on price latency. If a trading account remains inactive for over 180 days, the platform will charge you a $5 monthly penalty. This is one of the ways FBS makes money by encouraging constant trading. Trading bonuses Currently, the FBS platform offers a few attractive bonuses and promotions for registered users. The most popular offer is the Level Up bonus. The user has to open a Forex account to secure the Level Up bonus amount of USD 70. FBS allows the user to increase their potential Level Up bonus of their account by up to USD 140 when using the personal area application. It is advised to read the account bonus settings, claims description, and broker's terms, and conditions completely before claiming the bonus. Trading Accounts Clients of the FBS platform have the opportunity to open multiple types of accounts. Traders from the European Union can open penny and standard accounts. FBS international offices allow users to open ECN, Zero Spread, and micro-basins accounts. The volume of trading orders is the same for the different types of accounts. There is no trading limit for ECN account users, unlike STP broker account types. It, therefore, appears that users only need to make a higher minimum deposit to upgrade their account level and gain access to more competitive trading requirements. At FBS there is no dedicated Islamic banking account for cryptocurrency investment. Digital investors registered with FBS use open and close positions on major crypto tokens with the help of a set of trading tools, trading options, and complex indicators. The maximum leverage offered for cryptocurrency trading is 5:1. Several other cryptocurrency trading solutions are also offered on FBS. Demo account FBS allows its traders on the Penny and Standard accounts to conduct simulated trading on a variety of assets. According to FBS, the MT4 and MT5 platforms are also available for simulated trading. This is an advantage over other platforms that only allow full access to their original platforms for simulated trading on Islamic accounts. The demo account is especially good for developing trading strategies and styles before venturing directly into the markets. Leverages FBS allows leveraged trading depending on the user's region, office, and account. Users of the European Union Standard and Penny accounts have a maximum leverage of 30:1 on their trading orders. Beyond the European Union, traders have the opportunity to trade with leverage of up to 500:1 on the ECN account. Other available leverages are: 1000:1 on the penny account, 3000:1 for the other account types. Margin requirements are 40% or lower. If the margin call is reached, the platform can automatically close the trader's positions. Payment systems Initial deposits vary for users depending on their region, payment provider, and account type. The FBS European Union office asks for a minimum deposit of USD 100 for the Standard account and USD 10 for the penny account. International offices allow traders to make minimum deposits of $1,000, $500, $100, $4, and $1 for ECN, Zero Spread, Standard, Micro, and Penny accounts. The FBS website allows users to make deposits and withdrawals in various convenient payment options. These options are: Wire transfer Digital wallets Neteller, Skrill, and Visa card. The bank transfer system is only available for users in the European Union. Transactions take place almost instantly for each mode of payment. However, for transactions via bank transfer, the deposit and withdrawal methods can take up to 48 hours. The platform charges a transaction fee for withdrawals at international offices. Users may need to present their government-issued identity card to withdraw large sums of money. Mobile apps FBS mobile application. The feature-rich FBS platform is accessible on mobile devices such as smartphones, tablets, and laptops. There is also a dedicated mobile app. The FBS Copy Trading app is compatible with all operating systems and is available on the Android, Windows, and Apple app stores. The app is accessible on iOS devices only in the European Union. The mobile application has an intuitive and fast interface that allows access to the best FBS trading tools and statistical reports that are updated in real-time and offer reliable trading conditions. Licensing and regulatory requirements FBS is a company registered in Cyprus and offers its clients a secure and reliable trading environment. The platform is regulated by CySEC and the international offices are regulated by the IFSC of Belize. In South Africa, FBS is regulated by the FSCA, and in Australia, ASIC controls international offices. Extra features The analytics section of the FBS platform provides users with unique services, which are listed below: New updates and headlines about the best of the Forex market. Latest authorizations from various markets. A Forex trading television section for weekly reports, informative videos, and trading strategies. Apart from the best Forex analysis section, FBS offers traders an economic calendar, along with Forex calculators for investments and profitable trading on the platform. Traders are also provided with educational resources in the form of webinars, training materials, tutorials, and ebooks. Likewise, there are mentoring sessions that will teach all the necessary functionalities for informational purposes. Services offered by FBS The services offered by FBS are listed below: It offers the opportunity for a frictionless process of trading forex, precious metals, energy commodities, cryptocurrencies, stocks, and indices. Access to a variety of cutting-edge trading tools including trading calculators, technical indicators, and more to extract juicy returns. Availability of exclusive educational resources and tutorials for improving the trading skills of novice traders and other traders. Description of FBS products On FBS, registered users can trade in a wide variety of assets. They can diversify their portfolio by investing in the following options: Forex For Forex TV, minimum spreads range from 0.3 to 26. There is no options trading service available for exotic forex currencies. Metals Professional traders can trade gold and silver in dollars. For silver, the lot size is set at 5000, while for gold the lot size is 100. The minimum spread is between 10 and 20 and the typical spread is 30. Indices There are a large number of indices available to trade on the FB platform and the typical spread for indices ranges from 14 to 1800. Energy commodities The typical spread for trading energy commodities is between 8 and 14. Commodities are available in lots of 10,000 and trading orders are executed in US dollars. Actions To trade stocks, users need to trade with a minimum spread between 1 and 50, while the typical spread is between 2 and 200. In stock trading, the order value is estimated by multiplying the lot volume times the opening price of the shares. The commission fee for stock trading is 0.7% of the order value. Exotic forex For exotic Forex, the minimum spread is between 5 and 44.1 with a standard lot size of 100,000. Cryptocurrencies Cryptocurrency trading takes place by exchanging cryptos with fiat currency, precious metals, and other cryptocurrencies. For a standard lot of 1, the minimum spread varies between 275 and 25010. Advantages and Disadvantages of FBS The followings are the advantages and disadvantages of trading and day trading or investing with FBS: Advantages Disadvantages FBS has very low commissions Trading opportunities are very limited for traders residing in the United States. Traders have the opportunity to leverage at a ratio of up to 1 to 3,000. The service is restricted in countries like the United States, Japan, Canada, and Israel. FBS offers quite a few lucrative deposit bonuses and promotions. Trading platforms are designed for professional traders and will not necessarily be gamified like broker platforms like Robinhood or eToro. There is a wide variety of accounts available which are designed to meet the individual needs of each trader. The platform provides extensive educational resources and content for traders. FBS has convenient customer service that is available 24 hours a day, seven days a week. How to open an account with FBS Are you ready to start social trading? If the answer is yes, then follow the steps below to open a personal account with the FBS platform: New traders need to go to the FBS website and click open account on the main page to get started. They must enter their name and email address in the registration form and then click on the “register as a trader” button. For the successful registration of new traders, it is necessary to carry out the account verification process with an official document issued by the government. This can be an identity card, identification card, or social security card. The email account must be verified. Once these steps are completed, it will be possible to make the first deposit of money in the real account. New traders will then be able to start trading, investing, and withdrawing money from their live FBS account. FBS Tools FBS enables traders to carry out trades by providing them with a comprehensive set of tools and technologies. Traders not only have access to technical and fundamental analysis of the markets but also receive the specialized tools detailed below: Economic calendar Also known as the Forex calendar, the calendar is used to conduct a technical and fundamental analysis of the Forex markets and cryptocurrency pairs based on market events. Traders can view market-influencing macroeconomic events and asset prices on the automatically updating economic calendar. The most important indicators include the Treasury yield curve, GDP, interest rates, and the unemployment rate. An overwhelming number of economic events take place almost daily. FBS Economic Calendar has overwhelming content with the help of relevant filters to help display updates related to the latest and specific events. To use the economic calendar, the customer can select their time zone and use the numerical indicators to navigate the changes in the financial markets. One can compare the figures of the current and previous forecast values given in the economic calendar to make prudent business decisions. Currency converter Currency Converter is an online FBS copy trading application that is used to calculate currency exchange rates. Traders use the currency converter to evaluate the values of an international currency to assess their respective values and thus make investment decisions. To use this financial instrument, traders have to enter the amount of money and the two currencies for the conversion in two different columns and get the final result. Exchange rates are updated in real-time with the currency converter, eliminating the need for a broker. The tool also ensures the latest MT4 and MT5 statistics and the charts are updated dynamically. Trading rate histories for the last month are also stored to help traders track asset price patterns. Such features may not be available with other Forex brokers on the market. Forex Calculators The Forex calculator is a tool that helps with the convenient and quick estimation of the potential profitability of a Forex trading decision. Traders can also use the calculators to manage Forex market conditions before opening a position. Also known as the Trader's Calculator, the Forex Calculator helps with the comparison of trading parameters to enable traders to select the correct FBS account type based on their trading needs. The trader has to set the account type, trading instrument, lot size, currency pairs to be traded, leverage rates, and order prices to use the Forex trading calculator. Leverage in FBS As a regulated broker, FBS allows a high level of leverage based on the account type of the users. The level of leverage varies for the type of account and the levels are indicated below: Account type Leverage level micro account 3000:1 penny account 1000:1 Zero account 3000:1 standard account 3000:1 crypto account 5:1 ECN account 500:1 FBS Trading Fees The FBS fee consists of a 2.5% commission, along with USD 0.3 for deposits made through Sticpay. Users do not need to pay any deposit fees for making minimum deposits via VISA, Neteller, Skrill, Perfect Money, and local exchanges. To make withdrawal requests, users have to pay commissions as well as withdrawal fees. For VISA withdrawals, the commission fee is USD 1, while for Neteller withdrawals, the commission fee is 2%, and the fees for other means of withdrawal can vary between USD 1 and USD 30. Sticpay users have to pay a 2.5% commission along with a USD 0.3 fee for withdrawals. Clients who withdraw funds using Skrill have a fee of 1% and a fee of USD 0.32. Deposit and Withdrawal Options According to FBS, anyone can make deposits by various payment methods including bank transfers, credit and debit cards, e-wallets, and exchanges. The minimum deposit amount varies by account type and ranges from USD 1 to USD 1,000. Deposit and withdrawal methods in FBS. It may be necessary to visit the Financial Operations section in the Personal Area of the FBS website to deposit funds into the account for trading on the MetaTrader platforms (MT4 and MT5). The platform allows money deposits in Euro and Dollars through electronic transfer, VISA, Neteller, Sticpay, Skrill, Perfect Money, and local exchanges. To withdraw funds from the platform account, you can use bank transfers, bank cards, or e-wallets. Wire transfer withdrawals take 7-10 days, while credit or debit card withdrawals take 3-4 days. The fastest withdrawal method is through e-wallets, such as Neteller or Skrill, which take less than an hour. The platform allows withdrawals in dollars and euros through bank transfers, VISA, Neteller, Sticpay, Perfect Money, and local exchangers. FBS Affiliate Program The FBS platform has a profitable referral program. FBS members can take part in the referral program by inviting more users to the platform. For every friend invited, members receive a reward bonus of USD 15 in their account. The simple member has to share the FBS website link with his friends and then wait for his friends to sign up on the platform to receive the referral bonus. The invited user has to make at least three investments in different trades to fulfill the conditions of the referral program. The invited user will also receive USD 5 for making client investments through the Cyprus-based investment firm. FBS Mobile Application The FBS mobile trading application offers a mobile personal area that is available to download and install on any mobile device. To trade Forex, traders can use the FBS trader app to get access to new data centers, professional advice, Forex guides, personal data, and business statistics via mobile. FBS mobile trading platform allows users to open real and demo ECN accounts, open other accounts, and track trading progress on available markets via mobile alerts. It provides a desktop to analyze performance and maintain multiple free trading accounts. The app can be downloaded from the App Store or Google Play to start trading and investing while doing other things. FBS Security Measures As a regulated broker, FBS has security measures in place at the highest level for its clients and against any suspiciously fraudulent activity. FBS members have to present KYC documents during the registration process and follow the corresponding guides to be protected against fraud. The FBS website maintains strict confidentiality of user information through 2-factor authentication. The platform also protects the money of its clients through segregated accounts. Segregated account safeguards protect client money against unethical practices. Overall, the FBS website is highly secure for its clients and makes it safe to trade every time. FBS customer service Based on various FBS reviews found online, we can say that FBS customer service is available 24/7, either via chat or phone. To contact the customer service team, one can place a request and ask to be called back at the assigned contact number. For help with urgent issues on the website, live chat is available all the time. As one of the best Forex brokers, you can send an email to support@fbs.com to contact the customer support team or use the VPS service during trading sessions. However, the broker also has a help center for users, where they can clear their doubts by themselves by doing a simple search. General conclusion about FBS From this full FBS review, it is evident that this broker is ideal for any trader. Any operator will be able to access various assets and invest in a wide range of values. You can gain access to a set of international markets and carry out automated trading to reap great benefits. You can also get the best in leverage and margins and trade using the FBS mobile app. What makes FBS stand out within the industry is also its high-quality educational content and the variety of trading types designed for traders according to their level of experience. However, this broker can still make improvements. It could launch more trading instruments and remove geographic restrictions. Nonetheless, FBS is a highly recommended company for novice and advanced traders. Final questions Is FBS regulated? Yes, FBS is a highly regulated broker by the Chipe Securities Commission, CySEC, and the IFSC. Is it a legit broker or is it a scam? FBS provides a legitimate environment for traders and investors through strict compliance with the regulations of the International Financial Services Commission of Belize. In the same way, given each of these factors, as well as its compliance history, it can be said that FBS is not a scam. You may come across reviews from clients who have had issues with their withdrawals, however, these technical issues are usually fixed within a short time. Beyond this, FBS is a broker with a very solid reputation within the industry for securities trading. With information from CryptoNewsZ.