FBS Platforms | How FBS Trading Platforms Work

Introduction

FBS is an online forex and CFD broker that’s founded in 2009. It’s operated by Tradestone Ltd and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission of Belize (IFSC).

FBS supports two popular platforms which are MT4 and MT5 as well as the customized platform FBS Trader.The MT4 and MT5 platforms have Web / Windows / Mac versions. The FBS trader has Web / Windows / Mac versions in addition to the mobile trading platform for Android and IOS.

In this article, we will discuss each one of the three FBS Trader, MT4, and MT5 in detail.

FBS Trader

Pros

Cons

  • Available on Windows / Mac / Web / Android / IOS
  • Easy to use
  • Ability to social trade
  • Fingerprint authentication
  • Two-step verification for financial transactions
  • No two-step verification method for logging in

This is a customized platform for FBS broker that has a beautiful UI with easy navigation and Professional support 24/7. It also provides a two-step verification for financial transactions for more security.

The main cons is that it does not have a two-step verification method for logging in.

Languages

FBS is an international broker with clients in more than 190 countries and available in a variety of languages.

User interface (UI)

The UI of the FBS Trader platform is simple, attractive, and beautiful. With the main information about trading shown in the home page.

FBS Platforms | How FBS Trading Platforms Work

FBS Trader – UI

Login and Security

Unfortunately, there’s no option of two-step verification for logging in using the FBS Trader, but there’s a fingerprint authentication.

FBS Platforms | How FBS Trading Platforms Work

FBS Trader – Login

Searching

The searching functionality in the FBS Trader is very fine and you can find the trading asset you want just by typing the name of it.

FBS Platforms | How FBS Trading Platforms Work

FBS Trader – Search

Placing orders

There are 4 main types of orders:

  1. Market orders
  2. Pending orders
  3. Take profit orders
  4. Stop loss orders

Notifications and alerts

You can set notifications and alerts on the mobile version of FBS to notify you with market changes, news, and trading signals.

FBS Platforms | How FBS Trading Platforms Work

FBS Trader – Notifications

MT4 Platform

Pros

Cons

  • Available on Windows / Mac / Web / Android / IOS
  • Order confirmation
  • Customizable charts
  • Available in a number of languages
  • Easy to use
  • Ability to social trade
  • Good searching functions
  • Notifications and price alerts on Desktop and Mobile versions
  • Lacks two-step verification
  • Old desktop design
  • No price alerts in web version

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

Arabic

Bulgarian

Chinese

Croatian

Czech

Danish

Dutch

English

Estonian

Finnish

French

German

Greek

Hebrew

Hindi

Hungarian

Indonesian

Italian

Japanese

Korean

Latvian

Lithuanian

Malay

Mongolian

Persian

Polish

Portuguese

Romanian

Russian

Serbian

Slovak

Slovenian

Spanish

Swedish

Tajik

Thai

Traditional Chinese

Turkish

Ukrainian

Uzbek

Vietnamese

 

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

FBS Platforms | How FBS Trading Platforms Work

MT4 – Mobile Version – UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

  • You can search by categories and find assets.
  • You can also type the name of the asset and search for it manually.

FBS Platforms | How FBS Trading Platforms Work

MT4 – Mobile Platform – Search

Placing orders

MT4 has a simple order types which are:

  1. Market
  2. Limit
  3. Stop
  4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good ’til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

FBS Platforms | How FBS Trading Platforms Work

MT4 – Mobile Version – Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

FBS Platforms | How FBS Trading Platforms Work

MT4 – Mobile Version – Portfolio

MT5 Platform

 

Pros

Cons

  • User-friendly UI
  • Support +20 languages
  • Have two-step verification method
  • Price alerts
  • Not suitable for beginner traders

MT5 is a free application for traders allowing them to perform technical analysis and trading operations in the Forex and exchange markets.

Languages

MT4 does support over 20 languages including English, French, Spanish, Italian, Japanese, and Chinese.

User interface (UI)

MT5 was launched in June, 2010. It has about 1 million users worldwide. It also has a good interface which is similar to MT4 with the main functionalities available. MT5 is more suitable for advanced traders.

FBS Platforms | How FBS Trading Platforms Work

MT5 desktop version

FBS Platforms | How FBS Trading Platforms Work

MT5 – Mobile Version

Security

MT4 encrypts your trading data with all of your information from cyber attacks as well as not revealing your IP address while trading using the platform.

From a login perspective, MT4 has a two-step verification method as well to protect your account from hacks.

Research

MT5 offers financial and forex news from international agencies and provides a daily broadcast of dozens of newsletters from global events. MT5 also provides you with powerful and clear searching tools.

FBS Platforms | How FBS Trading Platforms Work

MT5 search

Placing orders

MT5 has the same order types as the MT4 platform which are:

  • Market
  • Limit
  • Stop
  • Trailing stop

In addition to these 5 order types, the MetaTrader 5 platform has two more order options which are:

  • Buy stop limit
  • Sell stop limit

Like the MT4, MT5 has ‘stop loss’ and ‘take profit’ options while trading as well.

Notifications and alerts

MT5 has instant notifications and alerts in its system to never miss an opportunity in the market.

Reports

The MT5 platform carries news reports from international news agencies and also sports an economic calendar.

3. FAQs

  1. Does FBS allow bot trading?
  • Yes, it does allow bot trading.
  1. Does FBS provide an islamic account?
  • You can choose any of the swap free accounts like the Cent, Micro, Standard, or Zero spread accounts. All of the previous accounts have an option of swap-fee.
  1. Does FBS give a bonus?
  • Yes, it has up to $140 as a welcome bonus.
  1. Does FBS allow scalping?
  • Yes, FBS does allow trade with scalping.
  1. What is an FBS Trader?
  • It’s a mobile trading platform for FBS broker that’s available on both Android and IOS.
  1. Can I open more than one trading account?
  • Yes, you can open up to 10 accounts of each type within one Personal area if 2 conditions are accomplished:
  1. Your Personal Area is verified
  2. The total deposit to all your accounts is $100 or more.
  3. How to enable the swap-free option in my account?
  • Steps:
  1. Open your account
  2. Activate the swap-free feature
  3. Trade and get profit


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