FBS Pros & Cons | Get Information at a Glance

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). Also, FBS has over 410 000 partners who trust FBS as a forex company.

In this article we’re addressing the main pros and cons of FBS in each broker aspect.

FBS

Pros

Cons

Safety

  • Has a negative balance protection
  • Regulated by CySEC and IFSC
  • Has more than 16 million traders worldwide
  • Does not have a client protection amount
  • No two-factor authentication for login

Offering of Investments

  • Forex and CFD trading
  • Metals and energies trading
  • Indices, shares, and commodities trading
  • Crypto trading
  • Social trading
  • No ETF trading

Account Opening

  • Various account types
  • Demo account option
  • Swap-free accounts
  • Bonus
  • Low commissions
  • Not available in the USA, Japan, Brazil
  • Limited account options for EU resident members

Fees and Commissions

  • Low commissions
  • Low CFD fees
  • Average Forex fees
  • Zero spread account

Deposit & Withdrawal

  • Credit/ Debit cards option
  • Electronic wallets option
  • Instant transfer
  • Withdraw fees on most of the options

Platforms and Languages

  • Customized platform
  • Available on MT4 and MT5
  • 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

Research Tools

  • Trader’s calculator tool
  • Expert analysis
  • Trading signals
  • No Autochartist tool

Customer Service

  • Live chat with quick responses
  • Email support option
  • Social media support
  • Phone call support
  • 24/7 customer support
  • Slow email replies

Education

  • Demo account
  • Video and webinars
  • Seminars
  • Articles and glossaries
  • None

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

If you want more information, please check out FBS Full Review.

 



Leave a Reply