FBS is a sponsor of FC Barcelona and is well known all over the world. Due to its high leverage and low fees, it is extremely popular for traders.
- Advantage and Disadvantage
- FBS is Recommended for Such Traders!
- Is FBS a Reliable Broker? Or Scam?
- FBS Products
- Can Cryptocurrencies be Traded in FBS?
- FBS Trading Tool
- FBS Account Types
- FBS Allows up to 50 Multiple Accounts
- FBS Bonus Programs
- FBS Deposit / Withdraw Options
- FBS Customer Support
- Try FBS Demo Account for Free
- FBS Summary
|Company||FBS Markets Inc.|
|Regulated by||IFSC(Belize), CySEC(Cyprus)|
|Products||Forex:37, Index:4, Metal:4, Energy:2, |
|Account Types||5 Types (CENT, MICRO, STANDARD, |
ZERO SPREAD, ECN)
|Bonuses||3 Types (Non-Deposit, Deposit, Cashback)|
|Negative Balance |
|Deposit & Withdrawal Fees||Yes|
|Support||E-Mail, Chat, Phone (Call back request)|
|Platform||MT4、MT5, FBS Trader|
Advantage and Disadvantage
- Narrow spreads on major currency pair
- World-famous and safe
- Customer assets are completely protected in trust
- Rich bonus programs
- Super high leverage up to 3000 times
- Negative balance protection system
- Wide spread on minor currency pair
FBS is Recommended for Such Traders!
- Trade mainly in major pairs
- Utilize 3000 times super high leverage
- Need negative balance protection
- Want to use trustworthy broker
- Easy to get information
Is FBS a Reliable Broker? Or Scam?
We can say FBS is a fairly reliable broker.
No wonder it’s popular in the world.
It’s not just the name recognition of being a sponsor of FC Barcelona.
FBS has the following licenses.
ASIC and FSCA were additionally regulated in 2020.
A news release was released on November 10, 2020.
Furthermore, the attitude of striving to earn the trust of traders is highly commendable.
FBS Asset Conservation
Is there any measure to protect customer assets?
What happens to our assets (margin and profits deposited) if the forex broker goes bankrupt?
It should be decided that the forex broker who can guarantee customer assets as much as possible is more reliable.
It is the asset conservation system to evaluate it.
There are two main types of asset conservation systems.
- Conservation Trust
- Segregation of Funds
Conservation Trust is more reliable.
Conservation Trust means depositing all the customer assets to a third institution such as a bank. Forex brokers cannot withdraw funds without permission unless the customer instructs them to withdraw. Even if the forex broker goes bankrupt, the customer’s assets (balance at that time) are protected and guaranteed.
Segregation of Funds is to manage the operating costs of the forex broker and the assets under custody from the customer in separate accounts. Unlike Conservation Trust, the management is done by the forex broker itself, so even if the forex broker goes bankrupt, the customer’s assets are may not fully guaranteed.
How does FBS manage customer assets?
FBS protects customer assets by Conservation Trust scheme.
Moreover, there is no upper limit.
This is pretty reliable.
In the unlikely event that something happens, your assets are fully guaranteed.
It can be said with confidence that FBS is a fairly reliable broker.
FBS offers 118 products.
FBS also handles individual stocks and offers attractive products.
However, FBS also handle about 66 individual stocks, mainly popular stocks, and also cryptocurrency.
I have the impression that FBS is selecting popular products.
- Currency : 37
- Index : 4
- Energy : 2
- Metal : 4
- Crypto: 5
- Stocks : 66
- Total : 118
Please refer to another article for a detailed explanation of the products handled by FBS and the terms and conditions of the transaction.http://basicbankbd.com/en/fbs-en/fbs-products-en/
Can Cryptocurrencies be Traded in FBS?
Recently, trading of cryptocurrencies such as Bitcoin, Ripple, Ethereum and other Altcoin has become popular again.
It is very popular with short-term traders due to its large price fluctuations.
Bitcoin has also risen steadily, finally surpassing $ 20,000 in late 2020. There are also long-term traders.
Can cryptocurrencies be traded in FBS?
Actually, FBS DOES allow you to trade cryptocurrencies.
There is no information about Crypto trading on FBS web site.
So I didn’t think I can trade cryptos before I opened a FBS account.
But I can trade cryptos in FBS.
FBS offers 5 cryptos, BCH, BTC, ETH, LTC and XRP.
Leverage is 1:3, it’s very low.
Please be noted that you can trade cryptos only by MT5 and FBS Traders, an official trading app of FBS.
MT4 doesn’t allow to trade cryptos.
The forex brokers that allow to trade cryptos are summarized in a separate article, “Best Forex Broker for Crypto Trading“.
I also introduce trading conditions and recommended brokers, so please take a look.
FBS Trading Tool
FBS supports both MT4 and MT5 as a trading tool, but also provides its own official app.
There are three types of FBS official app.
There are the following official apps, of which you can trade with the FBS Trader app and the FBS Copytrade app.
FBS Trading Broker : Only Account Management
FBS Trader : For Trading
FBS Copytrade : For Copy Trading
The official FBS app and FBS Trader are summarized in the separate article “Introduction to the official FBS Trader app“.
FBS Account Types
There are 5 types in all. There are so many. It’s complicated.
There are some important point.
Firstly, only Trade 100 Bonus can get the account opening bonus. It is not a normal trading account. Think of this as a limited-time trial account. However, it is possible to withdraw profits. Details will be described later.
*As of January 2021, Trade 100 Bonus account is no longer available.
Only MT4 accounts can receive a deposit bonus.
There are other features, but if you get lost, you can use a standard account (MT4).
Regarding FBS all account types, refer to the separate article, “FBS All Account Types” that explain you the detailed specifications and conditions.
Also, regarding opening an account, please refer to the separate article “How to open FBS account“, which explains the procedure for opening an account using images.
＼Just 3 minutes!!／
FBS Allows up to 50 Multiple Accounts
You can open multiple accounts up to 10 in each account type in FBS.
FBS offers 5 account types excluding Trade 100 Bonus account, so you can open up to 50 accounts in total.
Creating an additional account enables more risk-reduced and efficient operation.
With additional accounts, you are free to choose not only the account type, but also the account currency, leverage, trading platform, etc., just as you would when you first created an account.
By changing the account type or the conditions such as leverage, you can separate the currency pairs and products to be traded for each account, trade with different leverage, separate the discretionary trading and EA (automatic trading) trading accounts, it will be easier to manage.
If you cannot decide account type for the first account, let’ select Standard account.
If you want to try another account type, you can add an account and select it.
Also you can easily transfer funds to additional accounts from the website.
Please also refer to the separate article “How to Open FBS Additional Account“, such as how to open an additional account and how to operate using multiple accounts to reduce risk.
＼Just 1 minutes!!／
FBS Bonus Programs
FBS provides three types of bonus programs.
Non-deposit Bonus (Trade 100 Bonus)
*As of January 2021, Trade 100 Bonus is no longer available.
Only available on Trade 100 Bonus MT5, an account dedicated to the account opening bonus. When you open it, you already have $ 100 in your account. There are detailed rules as followings, but you can withdraw profits for the time being.
Think of it as an account for Forex beginners to study trading with real money or to check the usability of FBS.
Please check the official website for details.
FBS 100% Deposit Bonus
FBS deposit bonus is a bonus that you can get according to the deposit amount when you deposit to your account.
FBS offers 100% deposit bonus program.
This means that a 100% (same amount you deposit) bonus will be given into your account.
For example, if you deposit $100, a 100% deposit bonus of $100 will be given, and the total margin will be $200.
The maximum deposit bonus is $10,000.This is quite big.
There is no limit to the number of times the FBS deposit bonus can be given.
Depending on the forex broker, there is a broker that gives deposit bonus for only the first time deposit, so the conditions of the FBS deposit bonus are very good.
Even if you make frequent deposits of $100, you will receive an additional $100 yen deposit bonus each time, and if you deposit $10,000 at once, you will also receive $10,000 deposit bonus.
How to receive FBS deposit bonus
You need to contact support after deposit.
Please contact FBS support via live chat or email (email@example.com).
Expiration date is 30 days after payment
FBS deposit bonus expires 30 days after deposit.
Don’t forget to contact support after depositing.
After depositing, if the balance decreases, bonus will not be paid
Apply for the FBS deposit bonus before you start trading with the margin you have deposited.
If you trade and your balance is less than the amount you deposited, you will not be eligible for the deposit bonus.
It doesn’t matter if you make a profit and increase it, but before you start trading, apply for a deposit bonus first.
FBS deposit bonus is not available in all type of account
The following four types of accounts can receive the FBS deposit bonus.
- CENT Account (MT4)
- MICRO Account (MT4)
- STANDARD Account (MT4)
- ZERO SPREAD
ECN accounts are not eligible for bonuses.
Even if you have a cent account or standard account, if you select MT5 as the trading platform, you will not be eligible for the bonus.
FBS deposit bonus can be obtained with additional account
You can also get the FBS deposit bonus with an additional account.
If you accidentally open an account that does not receive a deposit bonus, or if you select MT5, which is a standard account, you can get a deposit bonus by creating an additional account.
The maximum FBS deposit bonus is the total of all accounts
You can get the FBS deposit bonus with an additional account, but the maximum deposit bonus of $10,000 is the total of all accounts.
You do not get $10,000 for each account.
All profits earned from bonuses can be withdrawn
In FBS, you can trade with bonuses, and if you make a profit, you can withdraw it in full.
You can withdraw the FBS deposit bonus itself
Generally, the bonus itself cannot be withdrawn and is calculated as a margin, but in FBS you can withdraw if certain conditions are met.
This is very rare.
The condition is the trading volume.
If you trade 1 lot, you can withdraw 1 dollar of deposit bonus.
If $100 deposit bonus, it is 100 lots.
Trading 100 lots is quite difficult, so you should think about it as an option.
The maximum leverage of deposit bonus applicable accounts is limited to 500 times
Applying the FBS deposit bonus will automatically limit your maximum leverage to 1:500.
FBS offers 1:3000 higher leverage, but if you get a deposit bonus, it will be 1:500.
However, FBS automatically limits leverage depending on the margin balance.
You can trade with a high leverage of 1:3000 times with a margin of up to $200.
If it exceeds $200, it will be 1:2000 up to $500.
If it exceeds $500, it will be 1:500.
It’s only $500 that limit leverage as 1:500, so you don’t need mind it.
Give priority to getting a bonus.
Margin level is calculated exclude bonus
FBS does not include bonus in the margin level calculation.
The bonus is added to the margin, but not included in the margin level.
This may be a little confusing for beginners.
There is no problem if there is unrealized profit, but FBS stop out level (20%) is calculated only by the balance.
As much as 100% deposit bonus is given, so if you trade in a lot full of high leverage in good condition, you may hit the stop out immediately. Please be careful.
The bonus disappears when the account balance is less than 30% of the deposit bonus
What this means is that if your balance is less than 30% of your deposit, your bonus will disappear.
As mentioned above, FBS does not include the deposit bonus in the margin level calculation, but it means that the bonus will disappear if you first cut below 30% before reaching the 20% stop out level.
FBS Cashback Program
FBS is running a campaign to receive up to $ 15 in cashback per lot.
Applicable accounts are the same as deposit bonus, only cents, standard, zero spreads and micro accounts.
In addition, the cashback amount will vary depending on the account type and traded products such as Forex, CFD, etc.
For example, USDJPY for a standard account is $ 2 per lot, and GBPJPY is $ 3.
There is no upper limit and no period.
As long as you continue to trade, you can get cashback forever.
Please check the official website for details.
I’ve posted another article that shows you about FBS cashback in detail. Please refer to it.http://basicbankbd.com/en/fbs-en/fbs-cashback-en/
FBS Deposit / Withdraw Options
VISA, NETELLER, STICPAY, Skrill, PerfectMoney, bank transfer.
It depends on your location.
And each fee is different.
Please check it out on official website.
Please refer to the separate article “FBS Deposit Methods | Fees and Conditions” for details on how to deposit FBS.
FBS Customer Support
FBS has support systems around the world and can communicate in any language.
FBS also offers real-time communication via live chat.
|Customer Support||Supported or not|
|Phone (Call back request)||✔|
For more information about FBS support, please refer to the separate article “FBS Customer Support | Any Language as You Like!“.
Please refer to it.
Try FBS Demo Account for Free
In order to know the trading environment and usability in FBS, it is effective to open a demo account and do actual trading.
FBS makes it easy to open a demo account.
For details on how to make use of FBS demo account and how to open it, see the separated article “How to utilize FBS demo account“.
If you have not decided to trade with FBS yet, why not try trading with a demo account?
＼Open for Free!／
FBS is characterized by its high profile and reputation overseas, and low fees for major currency pairs such as EURUSD.
＼Just 3 minutes!!／