FBS Forex Broker Review 2018

A top level $123 Welcome Bonus

By opening a special bonus Micro Account, customers will receive a Welcome Bonus of $123. This bonus is only available for the first week after the account has been opened, and will disappear after the seventh day has passed; However, the profits earned from this bonus remain in the account and do not disappear. Furthermore, FBS offers a 100% Deposit Bonus on deposits up to the $20,000 mark. The bonus must be applied for each time money is deposited. All profits gained through deposit bonuses can be withdrawn.

 

The world’s only maximum leverage ratio of 1:3000

FBS is said to have the world’s only maximum leverage ratio of 1:3000. With this ratio, it is possible to turn a $30,000 trading profit with just $10. By virtue of this leverage ratio, many traders who begin with very little are able to earn bigger profits.

 

6 different account types to choose from

accountsCentMicroStandardZero SpreadUnlimitedECN
Max Leverage1,0003,0003,0003,000500500
Contract Size(1 Lot)1,00010,000100,000100,000100,000100,000
CommissionNoNoNo$20/1 lotNo$6/1 lot
Minimum Deposit$1$5$100$500$500$1,000
Deposit Trading BonusYesYesYesYesYesYes
Broker TypesNDD/STPNDD/STPNDD/STPNDD/STPNDD/STPNDD/ECN
SpreadSpread method Change system(1pips~)Fixed spread(3pips~)Spread method Change system(0.5pips~)Fixed spread(0pips)Spread method Change system(0.2pips~)Spread method Change system(-1pips~)
Forex Trading353535353525
CFD・Metal66666No
Cryptocurrencies44444No

Customers can choose from six different account types with an abundance of different features in order to match their individual trading styles: Cent, Standard, Zero Spread, Unlimited, ECN, and Micro. It is recommended that traders who want a lower minimum deposit of $1 and their risks kept as low as possible begin with a Cent Account because the transaction volume per 1 lot is 1/100th of the normal transaction volume. A Standard Account is the best choice for traders who would like to make use of the 1:3000 maximum leverage, because the Zero Spread account, which features this same ratio, charges a $10 handling fee (one-way) per 1 lot, making it difficult to use as effectively as the Standard Account. There are many traders who make use of the ECN Account because, while it offers a relatively low spread of 1:500, the per 1 lot handling fee is only $3 (one-way). By industry standards, a $3 fee is relatively cheap. Once a customer opens an account with FBS, a Micro Account is opened alongside the main account automatically. The aforementioned $123 Welcome Bonus is then deposited into this account.

 

Trader investments are protected with the negative balance protection system

FBS does not charge customers for losses exceeding their account balance.

 

Both MT4 and MT5 trading platforms are available

In keeping with the trends of other forex trading companies, FBS offers both MT4 and MT5 trading platforms available on Windows, Mac, iOS, and Android.

 

FBS has deposit and withdrawal fees

Deposits by credit cards and e-wallets are accepted by FBS accounts. Balances are reflected immediately but each transfer is accompanied by a handling fee. Customers should be mindful of these fees while calculating their profits.

 

Professional market analyses

Every day, trading professionals at FBS announce extremely useful analyses of major currency pairs, and send out information containing a general overview of trading points and profit margins.

 

Other features

In addition to following the trends of other forex companies through providing a no re-quotes and no rejections based service, FBS has other valuable, if not strange, features such as periodic contests where winners can win rewards such as new cars. However, this rapidly growing and highly rated company that draws in many customers through elaborate contest prices and high leverage ratios has yet to catch up with XM Trading in terms of services.

 

Other services

FBS also offers services such as a free VPS server for customers who have fulfilled certain conditions, daily cash back services based on the amount of traded lots, deposit insurance, and free forex news for account holding customers.

 

Company Overview

FBS opened its foreign exchange doors in 2009 and has grown rapidly to cover over 5 million customers across 120 countries. They have offices in client heavy countries such as China, Malaysia, The Philippines, Indonesia, Jordan, Vietnam, and Russia. FBS has won numerous forex awards, especially in the Asian market, and continues to be rated highly.