In this article, we will review the FBS Broker and we will talk about how to use the FBS broker step by step. We will talk about everything you need to know. We will also do a thorough investigation of the broker to know how legitimate the broker is.
| Assets Available | 6 Asset Classes – Forex, Metals, Indices, Energies, Stocks, and Cryptocurrencies |
| Regulated by | FBS Broker is authorized and regulated by the IFSC ( International Financial Services Commission ) |
| No. of Trading Platforms | 6 Different trading platforms – Mobile, Web, and Desktop based on MT4 and MT5. Recently launched FBS independent platform on mobile and desktop |
| Leverage | Max leverage 1:3000 ( one of the highest leverage on the market) |
| Spreads | Variable spreads with multiple types of spread accounts including a zero-spread account |
| Demo Account | Yes, with min deposit of your choice |
| Education Provided | Provides forex analysis including VIP forex market analysis |
| Methods of Payment | Mastercard, Rapid Transfer, Credit Card, RBK Money, Skrill, Sticpay, Swift, Visa, WeChat Pay, Wire Transfer, World Pay, Western Union |
| Awards | The Best FX IB Program, Best FX Broker Indonesia, Best Forex Broker Southeast Asia, Best Forex Broker Thailand, Best International Forex Broker, Best Customer Service Broker Asia 2016, Top IB Program 2016, Highly Recommended Broker Insurance Company in Indonesia of the year, Best Forex Brand, Asia 2015, Best Safety of Client Funds Asia 2015, Best broker in Asia-Pacific region 2015, Best broker in the Middle East, Most Transparent Forex Broker – 2018, Best Forex Trading Account 2018, Best Copy Trading Application Global – 2018, Best Forex Broker Asia-2018, Best Investor Education – 2017, Best FX IB Program – China 2017, the Most Progressive Forex Broker Europe 2019, Best Forex Broker Vietnam 2019. |
What is the FBS Trading Platform
FBS is an Award-winning international broker. This broker is available in more than 150 countries. They claim to provide cutting-edge trading technologies for forex traders. At the time of writing this article, FBS clients make collectively $500 million dollars annually in profits. FBS focuses on providing the best customer service to its clients.
FBS was founded in 2009 and has received numerous awards since then. Some of the awards include Best FX Broker Indonesia, Best Customer service broker in Asia, etc. Check the table above to see all the Awards the FBS broker has received.
Financial Instruments Available For Trading?
Forex
Provides almost 50 different forex pairs including forex exotic pairs. The spreads on the currency pair will be variable depending on which currency pair you want to trade. The typical spread for the popular EURUSD, AUDUSD, and GBPUSD are 0.8, 1.9, and 0.9. These are not the lowest spreads in the market but these spreads are decent ( not very high like some other brokers ). This platform is great if you are looking to trade exotic forex pairs because FBS provides you with a multitude of exotic pairs.
Stocks
Provides you with more than 100 different stocks that you can trade. These include stocks from Google, Facebook, Intel, and many more. The spreads will be variable depending on what stock you trade and what account you will use with the broker.
Cryptocurrencies
This platform provides around 30 cryptocurrencies that you can trade. These include bitcoin, Ethereum, Litecoin, Shiba Inu coin, and many more. The typical spread for BTC is 30012.0.
Metals
FBS Broker provides 2 types of metal that you can trade, these are Silver ( XAGUSD ) and Gold Spot ( XAUUSD ). The typical spread for Silver and gold is 30. The minimum spread can go low as 20.0 for Silver and 10.0 for Gold Spot depending on the type of account you use with this broker.
Indices
FBS Broker provides you with 11 different indices that you can trade. These include the popular Dow Jones ( US30 ), NASDAQ100 ( US100 ), and S&P500 ( US500 ). The typical spread for Dow Jones is 550.0 and NASDAQ100 is 180.
Energies
This provides you with three different types of energies that you can trade. These are XBRUSD (Brent Crude Oil), XNGUSD (Natural Gas), and XTIUSD (WTI Crude oil). The typical spread for XBRUSD is 8.0 while XNGUSD and XTIUSD have a spread of 14.0 and 9.0 respectively.
Types of Accounts
FBS broker provides 5 types different types of trading accounts. These are:
- Cent Account
- Micro Account
- Standard Account
- Zero Spread Account
- ECN Account
- Crypto Account
Cent Account
The cent account allows you to trade with a minimum of $1 deposit. The commission on this account is zero dollars. You can have a leverage of a maximum of 1:1000 on the cent account. Cent account has a floating spread that starts from 1 pip.
Micro Account
The micro account allows you to trade with a minimum of a $5 deposit. The commission on this account is zero dollars. You can have a leverage of a maximum of 1:3000 on the micro account. Micro account has a fixed spread that starts from 3 pips.
Standard Account
The standard account allows you to trade with a minimum of a $100 deposit. The commission on this account is zero dollars. You can have a leverage of a maximum of 1:3000 on the standard account. Cent account has a floating spread that starts from 0.5 pip.
Zero Spread Account
The standard account allows you to trade with a minimum of a $500 deposit. The commission on this account is $20/lot. You can have a leverage of a maximum of 1:3000 on the standard account. The spread on this account, as the name suggests is zero.
ECN
The ECN account allows you to trade with a minimum of a $1000 deposit. The commission on this account is $6. You can have a leverage of a maximum of 1:500 on the ECN account. ECN account has a floating spread that starts from 1 pip.
Crypto Account
The Crypto account allows you to trade with a minimum of $1 deposit. The commission on this account is 0.05%. You can have a leverage of a maximum of 1:5 on the Crypto account. A Crypto account has a floating spread that starts from 1 pip.
Education Provided
FBS broker provides various different resources for learning forex. These are great materials for beginners to learn about the forex market. But of course, the education provided by any broker will not usually give you an edge in the market. To be really profitable in the markets you need to learn about advanced trading strategies and mindset strategies.
Leverage
FBS Broker provides massive leverage of 1:3000. This is one of the highest leverage provided by any broker in the forex market. We absolutely do not recommend trading with this much leverage. But if you want to trade with high leverage this broker might be a perfect fit for you.
Regulations
It is important to choose a broker who is regulated for trading. If the broker is not regulated you cannot trust the broker, this does not mean that unregulated brokers are scams but you have to be extra cautious when using an unregulated broker. Regulated brokers can generally be trusted more. FBS broker is regulated and authorized by the International Financial Services Commission (IFSC). IFSC is not the greatest regulator but they try to help weed out scams in the financial industry. IFSC is not one of the best regulators in the industry but it’s better to have a regulator than not. Some new brokers are not regulated, so find it hard to trust them.
Trading Platforms
This broker provides you with 6 different trading platforms. 4 of them are based on the popular meta trader 4/5 trading platform. There are 2 new platforms introduced by FBS. These are mobile trading platforms for android and IOS. These new apps are really good. They contain a magnitude of trading tools as well.
Final Thoughts
FBS broker is a really good broker for trading. They provide a range of financial instruments for trading. They also provide you with massive leverage and with decent spreads on major financial instruments. FBS in fact a legit broker.
