FBS Review

FBS Review 2017

FBS Review 2017

In the world of online forex and CFD trading brokerage companies play a big role. Among those companies, FBS is very well known because they have been around for more than eight years. During that time, they have expanded all over the world and now cater to more than four million traders from every corner of the globe. These numbers alone should tell you that FBS has a lot to offer, but we still wanted to see for ourselves how things work around here, so we opened our accounts and started trading. Indeed, our experience was a memorable one, so if you want to learn all about it just read on. This FBS review has a whole lot of interesting information.

FBS Review | Getting started

Naturally, before you start trading with real money, you will have to open your FBS account. This process has been very simplified by the broker, so you will literally be able to start trading in just a few seconds on this website. There are no multiple steps you need to go through or loads of information that the broker demands. Simply state your full name, provide your e-mail address, choose the currency you prefer (USD and EUR are offered) and pick the account type that suits you best. Voila, your FBS login is done and you can now fund your account and start trading. If you want to speed things up even more, however, you can register with the help of your social network accounts. Facebook, Google+, Twitter and even your Microsoft and Yahoo accounts can all be used. But you don’t have to start trading with real money immediately if you don’t want to. There is a way to check everything out without any risk at all. More on that in the next part of our FBS review.

FBS Registration Page

FBS Registration Page

FBS Review | Demo Account

Just like all serious brokers, FBS also has a demo account to offer to all interested traders. The process of opening it is pretty much the same as the process of opening a real account described in the paragraph above, which means you can get some nice perks if you go for this account type first. FBS demo account is completely free and does not require you to make a deposit before you open it, so it really is an excellent learning tool and you can only profit from using it. We have to emphasize that all available account types have their demo version, which means you can literally experience everything this broker has to offer without any risk.
But that’s not the only way FBS demo account can help you. With it, you can also enter a demo contest. Yes the company regularly holds competitions where traders compete by using a demo account and trying to earn as much virtual money as possible. These demo contests have a prize pool of 1000 USD, 450 of which goes to the best trader. In other words, you have a chance to win something without ever investing anything! Other account types also have a lot to offer, though, and our FBS review will take a look at them next. Don’t go away!

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FBS Review | Account types

FBS account types are definitely among the most impressive parts of this broker’s offer. In addition to the practice account we mentioned in the previous part of our guide, there are six more packages you get to choose between: Cent, Micro, Standard, Zero Spread, Unlimited and ECN account. They are all very affordable because the most basic account (Cent) will only ask one dollar from you as your initial deposit, whereas the highest initial deposit is the one required by the ECN account (1000$). Other packages offer great value too – you need only 5$ for the Micro account, for example, Standard asks only 100$, and the last two 500$.
FBS account types offer both fixed and floating spreads, depending on which package you choose, and the spreads start at 0,2 pips (naturally, the Zero Spread account is fixed at 0 pip). But what is really important to mention here is the fact that you get very high leverage no matter which account you choose. Indeed, FBS leverage is between 1:500 and 1:3000, which is very impressive and much higher than what you usually get in this industry. Additionally, only the Zero Spread account (from 20$) and the ECN account (6$) have any commissions attached to them, whereas the others have no such requirements. Since we’re talking about money, we should also take a look at the methods you can use to manage it when trading here. Stay tuned, this is very important!

FBS Account Types

FBS Account Types

FBS Review | Deposit

FBS payment methods are incredibly numerous, which is always a good thing because the more options you have, the easier it is to find the one that will suit you perfectly. We will start our analysis of them by taking a look at deposit options first.
There are several ways of making an FBS deposit. Visa and MasterCard debit cards can be used, as can Skrill and Neteller online payment systems and wire transfers, all of which have no commissions attached to them. However, you can also use OK Pay and Perfect Money, but what sets this broker completely apart from other companies in the industry is a huge network of third party exchangers, all of which are FBS partners. It can take up to two days for your deposit to become visible in your account if you go for these options, whereas most other methods are instant. The only exception to that are, of course, wire transfers, which take between five and seven days to arrive.
But the feature that will certainly be the most interesting to you is the fact that the minimum FBS deposit is only 1$ (the requirement for a Cent account). This is very difficult to find in the forex industry and essentially means you can deposit as much as you like. The freedom you get this way makes this company accessible to literally everyone, so it’s not a big surprise that they have millions of customers across the world. However, the withdrawal process is equally interesting and we will focus on in next in our FBS review.

FBS Deposit Page

FBS Deposit Page

FBS Review | Withdrawal

When you want to execute an FBS withdrawal, pretty much the same methods are at your disposal as when you’re depositing funds. However, there are some notable differences between them in this case. This is where FBS partners come into play because there will be no withdrawal fees if you choose to execute a withdrawal through them (again, the process will take up to two days). One new option that appears for the withdrawal process is Regular Pay (based on Visa and MasterCard), but given that it requires a 10$ fee, we think it’s better to withdraw to your Visa and MasterCard cards directly, because the FBS withdrawal fee in this case is only 1$. Fees actually vary quite a bit from method to method, so we suggest you choose carefully and take a look at the withdrawals page of the broker’s website. You’ll find each fee clearly listed there.

FBS Withdrawal Page

FBS Withdrawal Page

What is interesting to note is the fact that the processing time is the same for all methods – between 15 to 20 minutes and 48 hours. Minimum FBS withdrawal you can execute is only 10$, which is another very low financial requirement compared to the rest of the industry. Indeed, the financial side of trading on this is excellent, but there is one aspect of it that is even better than the payment methods. Naturally, we will discuss it in the next paragraph of this FBS review, so just read on!

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FBS Review | Bonus

Almost every broker offers some sort of bonus. Be it to attract new clients or to reward existing ones, there is always some deal you can expect to get. This company is not an exception, but what you get here is extremely interesting. FBS bonus policy offers a huge number of fairly unconventional arrangements, but they all work incredibly well, so let’s take a look.
The first thing you will want to check out is the FBS welcome bonus, and here you will immediately experience something completely new. You see, this bonus is essentially a hybrid between FBS no deposit bonus and a demo account. What do we mean by that? Well, once you open your account, you will get 123$ to spend on trading however you want. You do not have to deposit any of your money to receive this and no verification will be asked from you. If after a week you fund the account with your money and stay with this company, you will get the FBS welcome bonus profit on top of your regular profit for every traded lot. This is certainly thinking out of the box, wouldn’t you say? Other bonus types include a 100% deposit bonus that can be created as soon as you request it, prizes who make a payment worth at least 500$ and trade two lots (a T-shirt) or 5000$ and 500 lots (an iPhone 7 Plus), and cashbacks. But conventional bonuses are not the only thing you get on this website. Trust us, if you have stayed with us up until this point, you certainly don’t want to miss what this FBS review will bring next. Keep reading and brace yourself!

FBS Demo Competition

FBS Demo Competition

FBS Review | Contests

Apart from bonuses, there are more ways to gain value from trading on this website, some of them pretty spectacular, so this is what we are going to look at in this part of the guide. Our topic here are FBS contests (yes, there are several of them!) which can bring you some really impressive prizes. The first competition is trading through your demo account. Everything is pretty straightforward here – earn more than other competitors during two weeks of trading and you can win up to 450$. But the next FBS contest has one winner every month and this is where things get interesting. You see, if you write a wish on the broker’s website and get the most likes, the company will actually fulfil your wish. That’s really something you don’t see every day in the trading industry. However, this part of our FBS broker review is only getting to its most exciting part. Check this out: if you deposit 1000$ or more and trade at least five lots, you get a lottery ticket. This lottery can bring you a Lexus RX t200, a luxury SUV! A spectacular prize! Even if you don’t win the car, you can still win a designer shirt or an iPhone 7, so the lottery can still pay off for you. But a chance to win a car this valuable is something extremely rare in this line of work.

FBS Star Competition

FBS Star Competition

What we have to emphasize is that competitions like these are held throughout the year on this website, so you will want to keep track of them in case another interesting prize pops up. For example, for a time, the broker would reward the most popular photo among those traders would upload to their personal area. Prizes are definitely one of the most important parts of this company’s offer, but we have more work to do. FBS broker review will take a look at your prospective trading environment next.

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FBS Review | Trading platforms

In order for your trades to go through smoothly, trading software your broker uses has to work perfectly and e absolutely reliable, something we have already proven in our Is FBS a Scam? article. You need to be able to get the latest info from the market in a flash and extract conclusions from the data you gather. Let’s see how FBS trading platforms handle that, shall we?
This company offers two trading platforms, but in a variety of different versions. First, we have to mention FBS Metatrader 4 because this trading software is absolutely legendary in the online trading industry and has loads of loyal followers all over the world. FBS Metatrader 4 can be downloaded on both Windows and Mac computers, so you really shouldn’t have any trouble starting things up. The other platform is Metatrader 5, but with both versions you get loads of indicators and tools, three different types of charts, embedded news and much, much more. FBS Metatrader 4 also offers a Multiterminal you can download, which allows you to trade with different accounts at the same time.

FBS Trading Platforms

FBS Trading Platforms

However, if you don’t want to download anything, there’s a solution for that too and it’s called FBS WebTrader. This fully online trading platform allows you to log into (again, from both Windows and Mac computers) your demo or real account and simply start trading. Everything you get from the downloadable platforms is here too, including one-click trading, various parameters you can adjust and great design. Of course, we don’t even have to mention that everything works absolutely flawlessly because Metatrader software is well known for its reliability. All your orders are executed in a blink of an eye (about 0.3 seconds tops) and the numbers are refreshed constantly. Naturally, you can also trade on the go with this company. How? Find out in the next part of our FBS review.

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FBS Review | Mobile app

Just like all serious brokers, this one too allows you to place your trades via your mobile devices. To do that, you will have to download your FBS mobile app, but that really is no trouble at all. Both trading platforms have their mobile versions, so you can choose which one you want to download. Of course, this product can be found in both the App Store and Google Play, meaning that both Android and iOS devices support it. It is important to note that the FBS app is completely free and does not have any hidden fees, which makes downloading it a great opportunity from which you can only profit.
The number of features is equally impressive as what the desktop platforms offer, so you don’t have to worry about losing out on anything in comparison. Quite the contrary, thanks to the app’s excellent design, FBS mobile trading is extremely simple, but very efficient. Here too you can access loads of indicators, three types of charts and the latest business news, but you also get sound notifications and the ability to chat with other MQL5 users. But if you want the ultimate proof what traders think about this product, just take a look at their reviews and how they rated their experience. Tens, if not hundreds of thousands of people have FBS app on their mobile devices and an overwhelming majority of them absolutely love it. This is not our assessment, but verifiable data collected by Google and Apple! With third parties like that, you really shouldn’t need any more convincing and we think there really is no better way to wrap up our guide. The only thing left for us to do is to give you a short recap and point out all advantages of trading with this broker once again. If you want our opinion in a condensed form, this last paragraph of FBS review is perfect for you.

FBS Mobile App

FBS Mobile App

FBS Review | Conclusion

Yes, that’s about everything we had to say in our FBS review. Among forex brokers, this is certainly one of the most reliable companies you can find. It is extremely easy to get started with them and right from the start you will have a very impressive number of options in front of you. Take account types as an example – you can choose between six different packages, all of which have some pretty impressive features included in them. The most impressive among them must be the financial requirements because you can start things off with a single dollar, but the other packages are very affordable, too. What we liked the most during our time here, however, was the amount of prizes and bonuses you can get from this company. These are not just your usual generic percentage-based bonuses, but some very interesting ideas designed to invite traders to become a part of a big community. You can win iPhones, designer shirts and even cars if you enter FBS contests, which brings trading to a whole new level. We also can’t forget the two platforms you can use to place your investments – Metatrader 4 and 5 do their job splendidly and can also be used on Mac computers, plus they are also available as excellent mobile apps.
As you can see, this FBS review has taken every part of the broker’s offer into consideration and found no major complaints. If you’re looking for a great broker on whose website you can participate in many fun and exciting ways, this company will make all your dreams come true. Open an account with them now! 

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Author's overall rating:
Author: Ben Prescott
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