FBS Review

FBS Markets is a forex and CFD broker whose business really took off at the height of the pandemic in 2020. The company has won multiple awards. With more than 15 million clients, FBS continues to attract interest globally.

I. Background and Company Overview of FBS Markets

FBS Markets is regulated in Belize, Cyprus, Australia and South Africa. The company adopted a system of decentralization of its product offering to enable it to reach users from different jurisdictions with trading conditions that suit them.

FBS Markets provides a segmented account system to suit traders of different skill and experience levels. Attractive propositions that are increasing retail trading interest in FBS Markets include:

• Cashback for trading, which can be as high as $15 per lot.
• The $50 no-deposit welcome bonus for new traders.
• The very high leverage proposition
• Presence of a VPS

II. Trading Platforms and Tools

Three platforms are provided to all clients of FBS Markets online brokerage. These trading terminals are as follows:

1. FBS Markets Trader
2. MetaTrader4
3. MetaTrader5

The FBS Markets Trader is an exclusive mobile app downloadable from the Google Play and App stores. Traders who use the app for their trading work qualify to receive cashback up to 20% of the invested sum. There is also a $100 quick start bonus for FBS Markets Trader users.

The MetaTrader 4 for FBS Markets is available to Windows and Mac OS users. FBS Markets offers the desktop client, the mobile versions, the Webtrader and the MultiTerminal.

The MetaTrader 5 provides more versatility than the MT4, providing 90 indicators, charting tools, and 6 different order types.

Regarding trading tools, what do clients of FBS Markets forex brokerage expect?

• A trading calculator is provided to calculate the margin required, swap fees (long and short positions), and point value for not just one but five assets at a time. The multi-asset calculator is unique in this regard.
• There is a quick currency converter.
• Traders receive actionable analysis reports from the in-house team daily.
• There is a VIP variation of the forex analytics product in which in-depth analysis of assets is provided daily to those whose accounts exceed the $500 threshold.

III. Account Types and Spreads

Seven types of trading accounts are presented by FBS Markets.

• Standard
• Cent
• Pro
• ECN
• Crypto
• Zero Spread
• Micro

What does each one of these offer?

The Standard account is for everyone: beginner, intermediate or advanced traders. Spreads start from 0.7 pips, with the EUR/USD being offered with a spread of 0.9 pips. You can open up to 500 simultaneous orders and the minimum deposit is $1. This account has margin call/stop-out levels of 40% and 20%, with ability to trade up to 36 FX pairs. Metals, energy assets, indices, stocks and crypto pairs are also available for trading with this account type.

The Cent account is commission-free and has a $1 minimum deposit. Spreads also start from 0.9 pips and can be traded on the MT4 and MT5. It is not available on the FBS Markets Trader, unlike the Standard account. Margin call and stop out levels are 40% and 20% respectively.

The Pro account is also commission-free and offers conditions only suited for experts. There is a $200 minimum deposit requirement. Margin call and stop out levels are set to 30% and 10% respectively. Spreads start from 0.5 pips.

The ECN account is a commission-based account with a $1 minimum deposit. If you want to try ECN-style conditions with direct access to the interbank market, you should start here. This account is for expert traders. Only forex pairs are traded here, with commissions of $6 per standard lot charged on all trades. The margin call and stop out levels are set to 40% and 20%, respectively. This account only works on the MT4 platform.

The Crypto account is as the name implies, a crypto-based account where deposits and withdrawals are performed with cryptos. With a $1 minimum deposit and margin call/stop-out levels of 40% and 20%, you can perform trades on the FBS Markets Trader and MT5. The provided assets to trade are coin-coin and coin-fiat pairs. Spreads start from 1 pip.

The Zero Spread account comes with spreads of 0 pips. It is an advanced form of the ECN account, requiring traders to deposit a minimum of $1 but with commissions of $20 per standard lot. Only 31 forex pairs and 2 metals are available for trading, which is all carried out on the MT4. Margin call and stop out levels are also 40% and 20%, respectively.

The Micro account mimics the Zero Spread account, but it is commission free and spreads start from 3 pips.

IV. Contract Specifications

What are the contract specifications of the assets listed for trading on FBS Markets?

• Leverage starts from 1:5 (crypto assets), and extends up to 1:3000 on the Standard, Micro and Zero Spread accounts. Leverage on the Cent account is 1:1000, and that of the ECN account is 1:500. The Pro account comes with a 1:2000 leverage. These conditions are for the offshore brand of FBS.
• Leverage conditions on the EU and Australian entities are pegged at a maximum of 1:30 for FX majors.
• Minimum order sizes on the various accounts are 0.01 lots for all accounts except the ECN account, which has a minimum order size of 0.1 lots and the Cent account with a 0.01 cent lot minimum trade size.
• Maximum order size on all accounts is 500 lots, except the Cent account which comes with a maximum order size of 1000 cent lots.
• The FBS Trader platform is only available to Standard and Crypto account holders.
• Server time is GMT +3 in summer and GMT +2 in Winter.

V. Security and Regulation

The FBS Markets brand is owned and operated by FBS Markets Inc. The company is licensed in Belize by the International Financial Services Commission (IFSC), with license number IFSC/000102/460.

The EU entity of FBS is operated by Tradestone Ltd, a Cyprus Investment Firm (CIF) that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). Tradestone Ltd's license number is 331/17.

FBS is also licensed in Australia by ASIC and FSCA in South Africa.

Residents of the US, UK, Israel, Iran, Myanmar and the EU are unable to access services of FBS Markets due to regulatory restrictions or international sanctions.

VI. Customer Support and Education

Customer support on FBS Markets is multilingual and can be reached via the following channels:

• Phone: +357 22 010970
• Email: support@fbs.com
• Telegram: t.me/fbsanalytics
• WhatsApp: wa.me/+35799173422
• Live chat

Conclusion

Where else can you get to test ECN trading conditions with a minimum deposit as small as $1, with opportunities to get a cashback on trades? It can only be FBS Markets.