I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].
FBS

FBS | Forex Broker Review

FBS is a sponsor of FC Barcelona and is well known all over the world. Due to its high leverage and low fees, it is extremely popular for traders.

Official Site

Overview

CompanyFBS Markets Inc.
Established2009
Regulated byIFSC(Belize), CySEC(Cyprus)
Max Leverage1:3000
Spreads *STP/Avg.1.1pips/EURUSD、2.0pips/USDJPY
Commission *ECN$12/lot
ProductsForex:37, Index:4, Metal:4, Energy:2,
Crypto:5, Stocks:40
Account Types5 Types (CENT, MICRO, STANDARD,
ZERO SPREAD, ECN)
Bonuses3 Types (Non-Deposit, Deposit, Cashback)
Negative Balance
Protection
Yes
Stop Out20%
Deposit & Withdrawal FeesYes
SupportE-Mail, Chat, Phone (Call back request)
PlatformMT4、MT5, FBS Trader

Advantage and Disadvantage

  • Narrow spreads on major currency pair
  • World-famous and safe
  • Customer assets are completely protected in trust
  • Rich bonus programs
  • Super high leverage up to 3000 times
  • Negative balance protection system
  • Wide spread on minor currency pair

FBS is Recommended for Such Traders!

Recommended for Such Traders!
  • Trade mainly in major pairs
  • Utilize 3000 times super high leverage
  • Need negative balance protection
  • Want to use trustworthy broker
  • Easy to get information

Is FBS a Reliable Broker? Or Scam?

We can say FBS is a fairly reliable broker.

No wonder it’s popular in the world.

It’s not just the name recognition of being a sponsor of FC Barcelona.


FBS Licenses

FBS has the following licenses.

  • CySEC(Cyprus)
  • IFSC(Belize)
  • ASIC(Australia)
  • FSCA(RSA)

ASIC and FSCA were additionally regulated in 2020.
A news release was released on November 10, 2020.

Furthermore, the attitude of striving to earn the trust of traders is highly commendable.

FBS Asset Conservation

Is there any measure to protect customer assets?

What happens to our assets (margin and profits deposited) if the forex broker goes bankrupt?

It should be decided that the forex broker who can guarantee customer assets as much as possible is more reliable.

It is the asset conservation system to evaluate it.

There are two main types of asset conservation systems.

  • Conservation Trust
  • Segregation of Funds

Conservation Trust is more reliable.

Conservation Trust means depositing all the customer assets to a third institution such as a bank. Forex brokers cannot withdraw funds without permission unless the customer instructs them to withdraw. Even if the forex broker goes bankrupt, the customer’s assets (balance at that time) are protected and guaranteed.

Segregation of Funds is to manage the operating costs of the forex broker and the assets under custody from the customer in separate accounts. Unlike Conservation Trust, the management is done by the forex broker itself, so even if the forex broker goes bankrupt, the customer’s assets are may not fully guaranteed.

How does FBS manage customer assets?

FBS protects customer assets by Conservation Trust scheme.

Moreover, there is no upper limit.

This is pretty reliable.
In the unlikely event that something happens, your assets are fully guaranteed.

It can be said with confidence that FBS is a fairly reliable broker.

FBS Products

FBS offers 118 products.

FBS also handles individual stocks and offers attractive products.

However, FBS also handle about 66 individual stocks, mainly popular stocks, and also cryptocurrency.

I have the impression that FBS is selecting popular products.

  • Currency : 37
  • Index : 4
  • Energy : 2
  • Metal : 4
  • Crypto: 5
  • Stocks : 66
  • Total : 118

Please refer to another article for a detailed explanation of the products handled by FBS and the terms and conditions of the transaction.

FBS All Products and Trading Conditions | Forex and CFDsFBS All Products and Trading Conditions for Beginners. Forex, Index, Energy, metal, Commodity, Stocks, Crypto, Bond, ETF....

Can Cryptocurrencies be Traded in FBS?

Recently, trading of cryptocurrencies such as Bitcoin, Ripple, Ethereum and other Altcoin has become popular again.

It is very popular with short-term traders due to its large price fluctuations.

Bitcoin has also risen steadily, finally surpassing $ 20,000 in late 2020. There are also long-term traders.

Can cryptocurrencies be traded in FBS?

Actually, FBS DOES allow you to trade cryptocurrencies.

There is no information about Crypto trading on FBS web site.
So I didn’t think I can trade cryptos before I opened a FBS account.

But I can trade cryptos in FBS.

FBS offers 5 cryptos, BCH, BTC, ETH, LTC and XRP.
Leverage is 1:3, it’s very low.

Please be noted that you can trade cryptos only by MT5 and FBS Traders, an official trading app of FBS.
MT4 doesn’t allow to trade cryptos.


The forex brokers that allow to trade cryptos are summarized in a separate article, “Best Forex Broker for Crypto Trading“.

I also introduce trading conditions and recommended brokers, so please take a look.

Best Forex Brokers for Crypto TradingIt has been more than 10 years since the birth of cryptocurrencies, but the value of cryptocurrencies will not increase tens to hundreds of times as it used to. On the other hand, cryptocurrencies are very attractive for short-term trading like Forex....

FBS Trading Tool

FBS supports both MT4 and MT5 as a trading tool, but also provides its own official app.

There are three types of FBS official app.

There are the following official apps, of which you can trade with the FBS Trader app and the FBS Copytrade app.

FBS Trading Broker : Only Account Management
FBS Trader : For Trading
FBS Copytrade : For Copy Trading

The official FBS app and FBS Trader are summarized in the separate article “Introduction to the official FBS Trader app“.

FBS Official Trade App "FBS Trader" | How to UseFBS is compatible with both MT4 and MT5 as a trading tool, but FBS also offer the original official trading tool "FBS Trader" app. I will explain how to install the FBS Trader app, how to use it, and the differences from MT4 and MT5....

FBS Account Types

There are 5 types in all. There are so many. It’s complicated.
There are some important point.

Firstly, only Trade 100 Bonus can get the account opening bonus. It is not a normal trading account. Think of this as a limited-time trial account. However, it is possible to withdraw profits. Details will be described later.

*As of January 2021, Trade 100 Bonus account is no longer available.

Only MT4 accounts can receive a deposit bonus.

There are other features, but if you get lost, you can use a standard account (MT4).

fbs-account-type

Regarding FBS all account types, refer to the separate article, “FBS All Account Types” that explain you the detailed specifications and conditions.

Also, regarding opening an account, please refer to the separate article “How to open FBS account“, which explains the procedure for opening an account using images.

FBS All Account Types | Which account is the best for you?FBS offers eight account types. With comparing all account types, I will recommend the best account for you....
FBS | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes! ...

\Just 3 minutes!!/
Open an Account

>>Read More About FBS Account Types

FBS Allows up to 50 Multiple Accounts

You can open multiple accounts up to 10 in each account type in FBS.

FBS offers 5 account types excluding Trade 100 Bonus account, so you can open up to 50 accounts in total.

Creating an additional account enables more risk-reduced and efficient operation.

With additional accounts, you are free to choose not only the account type, but also the account currency, leverage, trading platform, etc., just as you would when you first created an account.

By changing the account type or the conditions such as leverage, you can separate the currency pairs and products to be traded for each account, trade with different leverage, separate the discretionary trading and EA (automatic trading) trading accounts, it will be easier to manage.

If you cannot decide account type for the first account, let’ select Standard account.

If you want to try another account type, you can add an account and select it.

Also you can easily transfer funds to additional accounts from the website.

Please also refer to the separate article “How to Open FBS Additional Account“, such as how to open an additional account and how to operate using multiple accounts to reduce risk.

How to Open FBS Additional Account | How to Reduce RisksYou can create up to 10 accounts in each account type in FBS. By utilizing multiple accounts, you can trade with less risk. Opening an account is completed in 1 minute. I will explain not only the procedure for opening an account, but also the procedure for transferring funds....

\Just 1 minutes!!/
Open an Additional Account

FBS Bonus Programs

FBS provides three types of bonus programs.

Non-deposit Bonus (Trade 100 Bonus)

*As of January 2021, Trade 100 Bonus is no longer available.

Only available on Trade 100 Bonus MT5, an account dedicated to the account opening bonus. When you open it, you already have $ 100 in your account. There are detailed rules as followings, but you can withdraw profits for the time being.

fbs-non-deposit-bonus

Think of it as an account for Forex beginners to study trading with real money or to check the usability of FBS.
Please check the official website for details.

>>Read More About Trade 100 Bonus

FBS 100% Deposit Bonus

The deposit bonus is easy to understand.

A 100% bonus will be given to the deposit amount. Moreover, the maximum total amount is $10,000, which is quite special.

Moreover, it can be applied as many times as you do deposit until you reach the upper limit.

Some brokers only allow once for the first time, but FBS has no limit.

For more information, please refer to separated article, “FBS Bonus Program Review“.

fbs-deposit-bonus
fbs-deposit-bonus, Terms and Conditions

>>Read More About FBS Deposit Bonus

FBS Bonus Program Review | How to get bonus?This is an explanation of the FBS bonus program. You can learn how to utilize these bonus programs to reduce trading risks and costs....

FBS Cashback Program

FBS is running a campaign to receive up to $ 15 in cashback per lot.

Applicable accounts are the same as deposit bonus, only cents, standard, zero spreads and micro accounts.

In addition, the cashback amount will vary depending on the account type and traded products such as Forex, CFD, etc.

For example, USDJPY for a standard account is $ 2 per lot, and GBPJPY is $ 3.

There is no upper limit and no period.
As long as you continue to trade, you can get cashback forever.

Please check the official website for details.

>>Read More About FBS Cashback program

I’ve posted another article that shows you about FBS cashback in detail. Please refer to it.

How to get FBS Cashback | Activate Now!!FBS, which is famous as a sponsor of FC Barcelona, offers a cashback program. Just trade and you will get cash back that you can withdraw. I will thoroughly explain the details and precautions. ...

FBS Deposit / Withdraw Options

VISA, NETELLER, STICPAY, Skrill, PerfectMoney, bank transfer.
It depends on your location.
And each fee is different.
Please check it out on official website.

Deposit:

Withdraw:

>>Check Deposit/Withdrawal Options


Please refer to the separate article “FBS Deposit Methods | Fees and Conditions” for details on how to deposit FBS.

FBS Deposit Methods | Fees and ConditionsHow to deposit into FBS account?  Funding methods, fees and conditions....

FBS Customer Support

FBS has support systems around the world and can communicate in any language.

FBS also offers real-time communication via live chat.

Customer SupportSupported or not
Live Chat
e-Mail
Phone (Call back request)

For more information about FBS support, please refer to the separate article “FBS Customer Support | Any Language as You Like!“.

Please refer to it.

FBS Customer Support | Any Language as You Like!This is an article about FBS support, a sponsor of FC Barcelona and very famous in the world. FBS has an excellent support system and is very useful. In this article, I will also explain in detail how to contact the various contact points....

Try FBS Demo Account for Free

In order to know the trading environment and usability in FBS, it is effective to open a demo account and do actual trading.

FBS makes it easy to open a demo account.

For details on how to make use of FBS demo account and how to open it, see the separated article “How to utilize FBS demo account“.

If you have not decided to trade with FBS yet, why not try trading with a demo account?

\Open for Free!/
Try Demo Account

How to Utilize FBS Free Demo AccountFBS allows to open demo accounts. Anyone can use it for free. By using the demo account, you can practice trading and check the actual trading conditions....

FBS Summary

FBS is characterized by its high profile and reputation overseas, and low fees for major currency pairs such as EURUSD.

\Just 3 minutes!!/
Open an Account

Official Site

FBS | How to Open an AccountPerfect explanation of how to open an trading account. What is the steps? What kind of document is needed for PLE and POA? You can know all and open an account within 3 minutes! ...
ABOUT ME
KandA
KandA
I live in Thailand since 2016. I trade using the accounts of several Forex Brokers. I try to provide simple information based on my actual experience. For others, see [Profile].