FBS Markets Review 2024

Tradable Instruments

FBS offers a wide variety of tradable instruments, including:

Forex:

This is the largest and most liquid market in the world, and FBS offers a wide range of major, minor, and exotic currency pairs. Major currency pairs include EUR/USD, USD/JPY, GBP/USD, and AUD/USD. Minor currency pairs include EUR/CHF, USD/CAD, and NZD/USD. Exotic currency pairs include USD/TRY, EUR/PLN, and USD/MXN.

Metals:

FBS offers trading on popular metals such as gold, silver, platinum, and palladium. These metals are often seen as safe-haven assets, meaning that their prices tend to rise when there is uncertainty in the financial markets.

Indices:

An index is a basket of securities that represents a particular market or sector. FBS offers trading on a variety of indices, including the US30 (Dow Jones Industrial Average), the UK100 (FTSE 100), and the Japan225 (Nikkei 225).

Energies:

FBS offers trading on oil and natural gas. The prices of these commodities can be volatile, and they are often influenced by geopolitical events.

Stocks:

FBS offers trading on a limited selection of stocks from major companies around the world. This allows you to speculate on the price.

Forex Exotic:

These are currency pairs that involve less commonly traded currencies. They can be more volatile than major currency pairs, but they can also offer greater potential returns.

Trading Accounts

FBS offers a variety of account types to suit different trading needs and experience levels. Here’s a quick rundown:

Cent and Micro Accounts:

Ideal for beginners, these accounts allow you to trade with smaller lot sizes (cents or micro lots) to minimize risk while getting familiar with the forex market.

• Platform – MT5
• Initial deposit €10 (or equivalent in $)
• Spread From 1 pip
• Leverage Up to 1:30
• Leverage up to 1:500 for professional
• Order volume Max 500 cent lots = 5 Standard lots or 500,000 units

Standard Account:

A well-rounded option for many traders, offering a balance between spreads and commissions and access to a wide range of trading instruments.

• Platform – MT5
• Initial deposit – €100 (or equivalent in $)
• Spread From 1 pip
• Leverage Up to 1:30
• Leverage up to 1:500 for professional traders
• Order volume 0.01 – 500 lots

Islamic Account:

Forex Islamic accounts are ideal for Muslim clients as they align with the Islamic faith and incur no swaps or interest charges on overnight positions. FBS want to make trading comfortable and equal for everyone, so we offer our traders a Swap Free option, making your trading interest-free.

Account Opening

There are two main ways to open an account with FBS: through their website or their mobile app. Here’s a breakdown of both methods:

Opening an FBS Account Through Their Website:

• Visit the FBS website.
• Click the Open Account button.
• Choose your preferred registration method: manually entering your information or using a social media login.
• If registering manually, fill out the required information, including your full name, email address, and date of birth. Be sure to read and agree to the Customer Agreement and Privacy Policy before proceeding.
• You will receive a confirmation email with your login details.

Opening an FBS Account Through Their Mobile App:

• Download the FBS – Trading Broker application from the App Store or Google Play.
• Open the app and begin the registration process.
• Choose your preferred registration method: social media login or manual registration.
• If registering manually, enter the required information and agree to the terms and conditions.
• Verify your email address to complete the registration.

Additional steps before you start trading:

• Verify your profile by submitting some identification documents. This enhances account security and might be required for future withdrawals.
• Explore the educational resources offered by FBS to gain a better understanding of forex trading.
• Open a demo account to practice trading with virtual funds before committing real money.

Commission and Fees

• Standard Account – floating spreads from 0.5 pips and commission-free trading.
• Cent Account – floating spreads from 1 pip and commission-free trading.
• Micro Account – fixed spreads of 3 pips and commission-free trading.
• Zero Spread Account – fixed spreads of 0.0 pips and commissions of $20 / R 320 ZAR per lot.
• ECN Account – floating spreads from -1 pips and commissions from $6 /R 96 ZAR.
• Crypto Account – Commission on opening positions is 0.05% – floating spread from 1 pip

Trading Platform

MetaTrader 4

FBS offers MetaTrader 4 for Windows and Mac as well as for Android and iOS mobile platforms. MT4 provides a trading experience at your fingertips allowing you to progress as a trader anywhere at anytime.

• Encryption of data exchange between the client terminal and the platform servers
• Possibility to create, buy, and use expert advisors (EA) and scripts
• Technical analysis tools: 50 indicators and charting tools
• One-click trading and embedded news
• 4 types of pending orders
• Hedging positions
• VPS service support

MetaTrader 5

FBS offers MetaTrader 5 for Windows and Mac as well as for Android and iOS mobile platforms. MT5 provides a trading experience at your fingertips allowing you to progress as a trader anywhere at anytime.

• Expanded options to create technical indicators, trading robots and utility applications
• Technical analysis tools: 90 indicators and charting tools
• One-click trading and embedded news
• 6 types of pending orders
• Hedging positions
• Economic calendar
• 21 timeframes
• VPS service support

Research and Education

FBS have prepared for you a comprehensive Forex course. The course consists of 4 levels: Beginner, Elementary, Intermediate and Experienced. Taking this course will turn you from a newbie trader to a Forex professional.

• Beginner
• Elementary
• Intermediate
• Experienced

Also FBS offers a wide range of learning options

• Tips for Traders
• Webinars
• Video lessons
• Seminars
• Glossary

Customer Support

FBS Markets offers several ways to reach their customer support team, 24/7 in English and other language:

• Live Chat: You can access live chat directly on the FBS website in the bottom right corner.
• Phone: They have two phone numbers: +357 25313540 (EU)
• Email: You can send them an email at support@fbs.com and info@fbs.eu (EU).
• Social Media: FBS also offers support on Facebook, Telegram, and WeChat.

Deposit and Withdrawals

FBS Markets allows you to deposit and withdraw funds through your Personal Area. Here’s a quick rundown:

Deposits

• You can deposit funds using various payment methods including electronic payment systems, credit/debit cards, bank wire transfers, and exchangers.
• There are no fees or commissions charged by FBS for deposits.
• To make a deposit, go to the Finances section in your Personal Area and select Deposit.
• Choose your preferred payment method, specify the amount and currency, and confirm the details.

Withdrawals

• You can generally withdraw funds using the same payment method you used to deposit.
• If you deposited using multiple methods, withdrawals will be processed proportionally according to your deposit amounts.
• FBS processes withdrawal requests on a first-come, first-served basis.
• Processing time depends on the chosen method:
• E-payments: Up to 30 minutes
• Credit/debit cards: 3-4 business days
• Local banks: 1-3 business days

Final Thoughts

FBS Markets is a forex and CFD broker that offers a variety of trading instruments, account types, and educational resources. Overall, FBS seems like a good option for beginner and experienced forex and CFD traders looking for a user-friendly platform, a wide range of instruments, and educational resources.