FBS Review

 

Overall, FBS can be summarized as a trustworthy and regulated Forex Broker with competitive trading fees. FBS offers a user-friendly interface with excellent customer support.  FBS has a trust score of 75 out of 99.

 

🔑Order Execution	4/5
💰Commissions and Fees	5/5
📈Range of Markets	4/5
📊Variety of Markets	4/5
⏱️Withdrawal Speed	4/5
👥Customer Support	4/5
📉Trading Platform	5/5
🎓Education	4/5
🗂️Research	4/5
🚨Regulation	3/4
📱Mobile Trading	4/5
💯Trust Score	75%

 

 

FBS Review – Analysis of Broker’s Main Features

 

1. ☑️ FBS Overview
2. ☑️ FBS Detailed Summary
3. ☑️ FBS Advantages Over Competitors
4. ☑️ Who will Benefit from Trading with FBS?
5. ☑️ FBS Safety and Security
6. ☑️ FBS Bonus Offers and Promotions
7. ☑️ FBS Affiliate Program Features
8. ☑️ FBS Minimum Deposit
9. ☑️ FBS Account Types and Features
10. ☑️ FBS Base Account Currencies and Basic Order Types
11. ☑️ How to Open and Close an FBS Account
12. ☑️ FBS Trading Platforms
13. ☑️ Which Markets Can You Trade with FBS?
14. ☑️ FBS Fees, Spreads, and Commissions
15. ☑️ FBS Deposits and Withdrawals
16. ☑️ FBS Education and Research
17. ☑️ FBS Customer Support
18. ☑️ FBS VPS Review
19. ☑️ FBS Cashback Rebates Features and Conditions
20. ☑️ FBS Web Traffic Report
21. ☑️ FBS Geographic Reach and Limitations
22. ☑️ Best Countries by Traders
23. ☑️ FBS vs FXOpen vs easyMarkets – A Comparison
24. ☑️ FBS Alternatives
25. ☑️ FBS Awards and Recognition
26. ☑️ Our Experience with FBS
27. ☑️ Recommendations according to our in-depth review of FBS
28. ☑️ FBS Customer Reviews
29. ☑️ Pros and Cons of Trading with FBS
30. ☑️ In Conclusion
31. ☑️ Frequently Asked Questions

 

 

FBS Overview

 

FBS is a well-known online forex and CFD broker with significant traction among UAE traders. The platform, founded in 2009, is regulated by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), adding a layer of trust and security for Emirati traders.

One of FBS’ most notable features is its user-friendly interface, which appeals to novice and experienced traders. The platform provides a diverse portfolio for traders by offering various trading instruments such as forex pairs, commodities, stocks, and cryptocurrencies.

Another area where FBS excels is leverage, with up to 1:3000 leverage available for certain trading instruments. This high leverage can be especially beneficial for traders who understand the market and want to maximize their profits.

However, it is important to note that high leverage comes with increased risks, and traders should proceed cautiously. FBS also provides a variety of account types, including Cent, Standard, and Pro accounts, each with its own set of features and benefits tailored to specific trading styles and levels of expertise.

FBS provides access to MetaTrader 4 and MetaTrader 5, among the industry’s most dependable and popular trading platforms.

These platforms provide advanced charting tools, indicators, and automated trading options, enhancing Emirati traders’ trading experience. Furthermore, FBS has an extensive educational section with webinars, tutorials, and articles invaluable for traders looking to improve their skills.

Another area in which FBS excels is transaction costs. FBS provides competitive spreads and low commissions, saving traders money.

Furthermore, FBS offers a variety of deposit and withdrawal methods, including bank transfers and e-wallets, making it easier for traders in the UAE.

Customer support is available 24 hours a day, seven days a week, and can be reached via various channels, including live chat, email, and phone, ensuring that traders receive timely assistance.

 

 

FBS Detailed Summary

 

🔑Broker	🥇FBS
🏠Headquartered	Belize
🌎Global Offices	Malaysia, Laos, Thailand, Dubai, Brazil, Turkey
📈Local Market Regulators in Dubai	Dubai Financial Services Authority (DFSA)
➡️Foreign Direct Investment in Dubai	23 billion USD (2022)
💱Foreign Exchange Reserves in Dubai	158 billion USD (July 2024)
📍Local office in Dubai	✅Yes
👤Governor of SEC in Dubai	Khaled Mohamed Balama is the Governor of the Central Bank of the UAE
🚩Accepts Dubai Traders	✅Yes
🎉Year Founded	2009
🔢Dubai Office Contact Number	None
🖥️Social Media Platforms	Facebook X Telegram Instagram YouTube
🚨Regulation	IFSC, CySEC, ASIC, FSCA
🥇Tier-1 Licenses	Australian Securities and Exchange Commission (ASIC)
🥈Tier-2 Licenses	Cyprus Securities and Exchange Commission (CySEC) Financial Sector Conduct Authority (FSCA)
🥉Tier-3 Licenses	International Financial Service Commission (IFSC) in Belize
🖋️License Number	Belize - 000102/198 Cyprus (Tradestone) – 331/17 Australia (IFM) – 426359 South Africa (Trade Stone SA) – FSP 50885
💹DFSA Regulation	None
🗺️Regional Restrictions	Japan, United States, Canada, United Kingdom, Myanmar, Brazil, Malaysia, Israel, the Islamic Republic of Iran
☪️Islamic Account	✅Yes
🆓Demo Account	✅Yes
🔎Non-expiring Demo	None
⏰Demo Duration	45 days
📉Retail Investor Accounts	3
📈PAMM Accounts	None
💧Liquidity Providers	Currenex
👥Affiliate Program	✅Yes
📝Order Execution	Market
📒OCO Orders	None
▶️One-Click Trading	✅Yes
✳️Scalping	✅Yes
✴️Hedging	✅Yes
🎖️Expert Advisors	✅Yes
🗞️News Trading	✅Yes
🔎Trading API	✅Yes
📈Starting spread	0.5 pips
💰Minimum Commission per Trade	None; only the spread is charged
💵Decimal Pricing	5th decimal pricing after the comma
📊Margin Call	30%
⛔Stop-Out	10%
⬇️Minimum Trade Size	0.01 lots
⬆️Maximum Trade Size	500 lots
🪙Crypto trading offered	✅Yes
📉Offers an AED Account	None
👤Dedicated Dubai Account Manager	None
📌Maximum Leverage	1:3000
🚩Leverage Restrictions for Dubai	None
💶Minimum Deposit (AED)	18 AED ($5)
💷Deposit Currencies	All deposits will be converted to USD or EUR
💳AED Deposits Allowed	✅Yes
💴Account Base Currency	USD, EUR
📊Active Dubai Trader Stats	49,000+
📍Active Dubai-based FBS customers	Unknown
🔃Dubai Daily Forex Turnover	13.1 billion USD
🖇️Deposit and Withdrawal Options	Credit/Debit Card Cryptocurrencies Perfect Money Sticpay Skrill Apple Pay (Withdrawal Only) Google Pay (Withdrawal Only) Neteller (Withdrawal Only)
⏰Minimum Withdrawal Time	15 – 20 Minutes
⏱️Maximum Estimated Withdrawal Time	5 – 7 Days
➡️Instant Deposits and Instant Withdrawals	✅Yes, Deposits
🏦Segregated Accounts with Emirati Banks	None
📈Trading Platforms	FBS Trader MetaTrader 4 MetaTrader 5
⌚Trading Platform Time	UTC +3
👁️Observe DST Change	✅Yes
🌎DST Change Time zone	Eastern European Time (EET)
💎Tradable Assets	Forex Precious Metals Indices Energies Stocks Exotic Forex Cryptocurrencies
💵Offers USD/AED currency pair	None
⏲️USD/AED Average Spread	None
📉Offers Emirati Stocks and CFDs	None
🔊Languages supported on the Website	English, German, Spanish, French, Italian, Portuguese, Emirati, Malay, Vietnamese, Turkish, Korean, and others
👥Customer Support Languages	Multilingual
🤝Copy Trading Support	None, discontinued on 22 September
⏰Customer Service Hours	24/7
📍Dubai-based customer support	None
💰Bonuses and Promotions for Dubai Traders	✅Yes
🎓Education for Emirati beginners	✅Yes
💻Proprietary trading software	✅Yes
🥇Most Successful Trader in Dubai	Several – Yasser R, Ali A, Maaz A, Warren Takunda
🥇Is FBS a safe broker for Dubai Traders	✅Yes
🏅Rating for FBS Dubai	9/10
💯Trust score for FBS Dubai	75%

 

 

FBS Advantages Over Competitors

 

FBS has the following advantages over competitors:

 

• ✅To ensure security and trust, FBS is governed by several financial authorities, including CySEC.
• ✅Provides a wide range of trading instruments, including forex, commodities, stocks, and cryptocurrencies.
• ✅A user-friendly interface that is appropriate for both novice and experienced traders.
• ✅Certain trading instruments can be leveraged up to 1:3000.
• ✅Account types are available to suit various trading styles.
• ✅MetaTrader 4 and MetaTrader 5 advanced trading platforms are available.
• ✅Webinars and tutorials are among the many educational resources available.
• ✅Known for its low spreads and commissions and competitive pricing.
• ✅Provides a variety of deposit and withdrawal options.
• ✅Customer service is available 24 hours a day, seven days a week via multiple channels.
• ✅Serves traders from various countries and languages and has a global presence.
• ✅Since its inception in 2009, it has demonstrated a strong dependability and credibility track record.

 

 

and more!

 

 

Who will Benefit from Trading with FBS?

 

• ✅Traders looking to diversify their investment portfolio will appreciate FBS’ extensive trading instrument offering. The platform provides forex, commodities, stocks, and cryptocurrencies as trading assets.
• ✅FBS’ offerings are geared more toward traders who prefer to trade independently and do not require copy trading or social trading services. The platform is appropriate for traders relying on their research and strategies.
• ✅FBS is a reliable platform for traders looking for long-term investment opportunities due to its strong track record and regulatory compliance. Its market longevity adds an extra layer of trust and security.
• ✅FBS has an easy-to-use interface and extensive educational resources, making it an excellent platform for those new to trading. FBS provides Cent accounts, ideal for beginners who want to start small.
• ✅FBS caters to advanced traders by providing high-leverage options and access to the MetaTrader 4 and MetaTrader 5 platforms. These platforms offer advanced charting tools, indicators, and automated trading options, which help experienced traders improve their trading strategies.
• ✅FBS provides responsive 24/7 customer support, which is advantageous for traders who may require immediate assistance or have queries that must be resolved quickly.
• ✅FBS’ competitive spreads and low commissions appeal to traders concerned about transaction costs. The cost-effective trading environment provided by FBS can significantly impact the profitability of trading activities.
• ✅FBS has a significant international presence and provides services in various languages. This makes the platform suitable for traders worldwide, particularly those who may face language barriers with other brokers.
• ✅Traders who understand leverage and are willing to take calculated risks may benefit from FBS’ high-leverage options. However, it is important to note that high leverage comes with increased risks.

 

 

Is FBS good for beginners?

Yes, FBS suits beginners because it provides comprehensive educational resources and a user-friendly interface.

 

What is FBS’ customer support availability?

FBS provides 24-hour customer service every day of the week, which is not common among brokers.

 

 

 

FBS Safety and Security

 

FBS Regulation in Dubai

 

The Dubai Financial Services Authority (DFSA) does not currently regulate FBS. However, FBS global regulations are listed in the table below:

 

🔑Registered Entity	🌎Country of Registration	🖋️Company Reg.	🚨Regulatory Entity	📌Tier	🔢License Number/Ref
1️⃣FBS Markets, Inc.	Belize	N/A	IFSC	3	000102/460
2️⃣Tradestone Ltd	Cyprus	353534	CySEC	2	331/17
3️⃣Intelligent Financial Markets Pty Ltd	Australia	ABN 48 155 185 014	ASIC	1	426359
4️⃣Trade Stone SA (PTY) LTD	South Africa	2018/514734/07	FSCA	2	FSP 50885

 

FBS Protection of Client Funds

 

🔑Security Measure	🔎Information
📈Segregated Accounts	✅Yes
🔖Compensation Fund Member	✅Yes
💵Compensation Amount	20,000 EUR or 90% of the claim
📒SSL Certificate	✅Yes
📍2FA (Where Applicable)	✅Yes
📝Privacy Policy in Place	✅Yes
🚨Risk Warning Provided	✅Yes
💶Negative Balance Protection	✅Yes
⛔Guaranteed Stop-Loss Orders	None

 

Security while Trading

 

FBS places a high value on the security of its trading environment, as evidenced by regulatory compliance.

The Cyprus Securities and Exchange Commission (CySEC), among other financial authorities, regulates FBS. This ensures that FBS follows strict financial transaction and customer data protection guidelines.

The platform employs advanced encryption technologies to protect traders’ personal and financial information. This encryption extends to the website and the trading platforms, adding an extra layer of security during data transmission.

FBS also keeps client funds in separate accounts, ensuring that traders’ money is kept separate from FBS’ operational funds. This practice is per industry standards and provides traders with additional financial security.

Furthermore, FBS provides negative balance protection, which protects traders from losing more money than they deposit into their accounts. This feature is especially useful for traders using high-leverage trading because it reduces financial risks.

 

Pros and Cons Regulation and Safety of Funds

 

✅Pros	❎Cons
FBS is well-regulated in several regions	FBS is not regulated in Dubai
Traders can expect risk management tools such as stop-loss and take-profit orders	FBS experienced a security breach in 2021
There is negative balance protection applied to retail accounts	Emirati traders are not eligible for investor protection

 

 

Is my money safe with FBS?

Yes, FBS keeps client funds separate from FBS’ operational funds in segregated accounts.

 

What happens if FBS experiences a security breach?

FBS has protocols to notify affected users and act quickly to secure accounts.

 

 

 

FBS Bonus Offers and Promotions

 

FBS offers Emirati traders the following bonuses and promotions:

 

• ✅100% Deposit Bonus

 

FBS’ 100% deposit bonus is a highly sought-after program that has piqued the interest of traders looking to increase their trading capital. This bonus program allows traders to receive a bonus equal to 100% of their deposit, effectively doubling their trading efficiency.

The maximum bonus amount available through this program is $10,000, giving traders plenty of room to scale their operations.

The process of activating the 100% deposit bonus is simple. Traders deposit funds into their FBS account, and FBS will automatically match the deposit, doubling the funds.

The bonus can be used to open higher-value positions and allows you to trade in four metals and 35 currency pairs, broadening your trading opportunities.

This bonus is only available if you have an FBS account. To activate the bonus, traders must log in to their FBS Personal Area account and select the account where they want it applied.

Then, they must choose the “100% Deposit Bonus” option and deposit. The bonus amount is automatically credited to the trader’s account upon successful deposit.

 

 

What is the FBS 100% deposit bonus?

When you make a qualifying deposit, the FBS 100% deposit bonus effectively doubles your trading capital.

 

Do FBS bonuses expire?

Yes, bonuses may have expiration dates and usage restrictions.

 

 

 

FBS Affiliate Program Features

 

The FBS Affiliate Program includes the features listed below:

 

• ✅Real-Time Tracking and Performance Insights: The program provides affiliates with real-time tracking capabilities, allowing them to monitor their referral orders and performance across multiple channels. This data-driven approach enables marketing strategies to be optimized for better results.
• ✅Commission Pay-out Automation: The program automates the commission pay-out, ensuring on-time payments and increasing affiliate satisfaction.
• ✅Long Cookie Life and Last-Click Attribution Model: FBS has a cookie life of 120 days and uses a last-click attribution model. This ensures that affiliates are credited for their referrals even if the conversion takes a long time.
• ✅Dedicated Support from Partner Managers: FBS provides a dedicated team of partner managers and support specialists to assist affiliates with questions and help formulate a promotional action plan tailored to their needs.
• ✅Promotional Material and Tools: Affiliates can access various promotional tools, such as banners, widgets, and landing pages, to effectively market FBS to their target audience.
• ✅Opportunities for Growth and Expansion: Through FBS, eligible partners may be presented with opportunities to broaden their audience reach, increasing referral revenue and overall business growth.
• ✅Competitive Commissions: The commission structure is designed to be competitive, rewarding affiliates proportionately for bringing new clients to the FBS platform.
• ✅Customizable Affiliate Links and Portal: Affiliates can tailor their affiliate links and portals to match their brand identity, ensuring a consistent marketing strategy.
• ✅Access to Marketing Materials and Resources: To facilitate content development and conversion of referral traffic, FBS provides affiliates with a comprehensive library of marketing materials, including global creative assets, educational content, and lead magnets.

 

How to open an Affiliate Account with FBS

 

To register an Affiliate Account, Emirati traders can follow these steps:

 

• ✅Opening an affiliate account with FBS is a simple process that allows traders, particularly those in the UAE, to earn extra money through client referrals. First, use your preferred web browser to navigate the official FBS website.
• ✅Navigate to the “Partners” section of the homepage, which is usually accessible via the main menu.
• ✅When you enter the “Partners” section, you will see a link that says “Become a Partner.”
• ✅By clicking on this, you will begin the affiliate program registration process.
• ✅A registration form will appear, prompting you to enter personal information such as your name, email address, and phone number.
• ✅After completing the form, click the “Submit” or “Register” button to submit your application.
• ✅FBS will conduct a review of your application after you submit it.
• ✅If you are approved, you will receive email instructions on accessing and managing your Affiliate Account. The approval process is generally quick, allowing you to begin your affiliate journey immediately.

 

 

Being an FBS affiliate has numerous advantages, making it a lucrative opportunity for Emirati traders. Affiliates benefit from competitive commission rates, a wide range of marketing materials, and personalized support from the FBS team. As a result, the FBS affiliate program is a source of extra income and a well-supported venture for those looking to increase their earnings in the trading sphere.

 

 

How long does it take to get approved as an FBS affiliate?

Approval times vary, but you should receive further instructions once approved.

 

Do FBS affiliates get access to marketing materials?

Yes, FBS offers a variety of marketing materials to assist affiliates in promoting their services.

 

What is the FBS affiliate commission structure like?

FBS has a competitive commission structure that rewards affiliates based on the number of clients they refer.

 

How long is the FBS cookie duration for tracking referrals?

FBS provides a cookie life of 120 days for tracking referrals.

 

 

 

FBS Minimum Deposit

 

🔑Live Account	💵Minimum Dep.
🥇Cent Account	18 AED / $5
🥈Standard Account	18 AED / $5
🥉Pro Account	735 AED / $200

 

 

Are there any promotions related to minimum deposits?

Yes, FBS provides a 100% deposit bonus to traders who meet certain deposit requirements.

 

Is the minimum deposit the same for all countries?

Yes, the minimum deposit is generally consistent across countries, but check FBS’ terms for any regional variations.

 

 

 

FBS Account Types and Features

 

🔑Live Account	💵Minimum Dep.	📈Average Spread	💰Commissions	💶Average Trading Cost
🥇Cent	$5	0.7 pips	$0	7 USD
🥈Standard	$5	0.7 pips	$0	7 USD
🥉Pro	$200	0.5 pips	$0	5 USD

 

FBS Cent Account

 

The FBS Cent Account is intended for new traders and those who want to begin trading with a small investment. It enables traders to trade in micro-lots and provides lower spreads.

Furthermore, the FBS Cent account is ideal for those new to forex trading who want to practice without putting large sums of money at risk.

 

🔑Account Feature	💴Value
💵Minimum Deposit	18 AED ($5)
📈Average spread	Floating, from 0.7 pips
💰Commission	None; only the spread is charged
📌Leverage	Up to 1:1000
⬆️Maximum opening positions	500
📒Order volume	Between 0.01 to 1,000 cent lots
💹Market Execution	From 0.1 seconds, STP
📉Trading Platform	MetaTrader 4 MetaTrader 5
🪙Tradable Instruments	Forex Metals Indices Energies Stock CFDs Crypto CFDs
☪️Swap-Free Islamic Option	✅Yes

 

 

FBS Standard Account

 

The FBS Standard Account is appropriate for a wide range of traders, from novice to seasoned. It provides greater flexibility in terms of trading instruments and competitive spreads. This account type is ideal for traders with experience who want a well-balanced combination of features.

 

🔑Account Feature	💴Value
💵Minimum Deposit	18 AED ($5)
📈Average spread	Floating, from 0.7 pips
💰Commission	None; only the spread is charged
📌Leverage	Up to 1:3000
💹Maximum opening positions	500
🗂️Order volume	Between 0.01 to 500 lots
📊Market Execution	From 0.1 seconds, STP
🔎Trading Platform	FBS Trader MetaTrader 4 MetaTrader 5
🪙Tradable Instruments	Forex Metals Indices Energies Stock CFDs Crypto CFDs
☪️Swap-Free Islamic Option	✅Yes

 

 

FBS Pro Account

 

The  FBS Pro Account is designed for advanced traders and professionals who need advanced trading conditions. Compared to the other account types, it has lower spreads and a higher level of leverage.

Furthermore, the FBS Pro account is best suited for traders who thoroughly understand the market and are looking for a setting that allows for high-volume trading.

 

🔑Account Feature	💴Value
💵Minimum Deposit	735 AED ($200)
📈Average spread	Floating, from 0.5 pips
💰Commission	None; only the spread is charged
📊Leverage	Up to 1:2000
⬆️Maximum opening positions	Unlimited
🗂️Order volume	Between 0.01 to 500 lots
📝Market Execution	From 0.1 seconds, STP
📉Trading Platform	MetaTrader 4 MetaTrader 5
🪙Tradable Instruments	36 Forex Pairs 8 Metals 3 Energies 11 Indices 127 Stock CFDs 5 Crypto CFDs
☪️Swap-Free Islamic Option	✅Yes
📌Margin Call	30%
⛔Stop-Out	10%

 

 

FBS Demo Account

 

The FBS demo account is available for various account types, including Cent, Standard, and Pro, allowing traders to test various trading conditions and features.

This adaptability is advantageous for novice and experienced traders who want to experiment with different strategies and account types before committing real money to their trading activities.

One of the primary benefits of a demo account is the ability to test trading strategies and platform features without fear of making costly mistakes. Traders can become acquainted with the platform’s various tools and indicators, allowing them to make more informed trading decisions in the future.

FBS demo accounts have a time limit, usually expiring after 45 to 90 days. However, by contacting customer support, traders can add more virtual funds to their demo account balance. This feature allows traders to keep practicing and exploring the platform even after their virtual funds have been depleted.

 

 

FBS Islamic Account

 

FBS provides Muslim traders with an Islamic Account for Shariah-compliant financial transactions. Standard, Cent, and Pro accounts are available, accommodating traders of varying preferences and levels of experience.

Notably, the FBS Islamic Account does not charge swap or rollover interest on overnight positions per Islamic principles prohibiting the accumulation of interest. This makes it suitable for traders adhering to religious beliefs.

The account is compatible with the MetaTrader 4 and MetaTrader 5 trading platforms, offering a familiar and robust trading environment. It provides access to various trading instruments, including forex, commodities, stocks, and cryptocurrencies, thereby facilitating portfolio diversification.

Traders must confirm that their preferred account type is a swap-free option, as some accounts cannot be converted to an Islamic account. Consequently, choosing the correct account type from the outset is essential.

 

 

FBS Professional Account

 

FBS has a special Pro account for seasoned traders who wish to boost their profits. Compared to other accounts, the Pro option boasts lower spreads, and customers may be entitled to VPS if they fulfill certain criteria.

With an impressive 1:2000 leverage maximum and requiring $200 as a minimum deposit (deposits below this amount are not accepted), it is customized specifically for those engaging in high-volume trading activities.

The benefits of a professional trader using this account include better conditions such as reduced spread from just 0.5 pips onwards, unlimited open positions and pending orders, relaxed margin requirements, plus more powerful VPS capabilities thrown into the deal.

 

 

Pros and Cons of FBS Account Types and Features

 

✅Pros	❎Cons
FBS offers a Cent Account that is ideal for beginner traders	The demo account expires
The demo account lasts 45 – 90 days, longer than that of other brokers	There are only three trading accounts offered with no ECN account
There is commission-free trading on all FBS accounts, and only the spread is charged	There is a spread mark-up added

 

 

Do all FBS accounts have access to the VPS service?

Yes, subject to certain conditions, the VPS service is available for all account types.

 

Are there any account maintenance fees with FBS?

No, account maintenance fees are not charged by FBS.

 

 

FBS Base Account Currencies and Basic Order Types

 

FBS Base Account Currencies

 

The base account currencies available to Emiratis include the following:

 

• ✅EUR
• ✅USD

 

FBS Basic Order Types

 

• ✅Market Order – A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
• ✅Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
• ✅Stop Order – A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
• ✅This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.

 

 

Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order. Limit orders can be either buy or sell limits, depending on the market’s direction before your anticipated reversal. A sell limit is used to sell above the market, while a buy limit is used to purchase below the market.

 

 

How to Open and Close an FBS Account

 

How to open an FBS Account

 

To open an account with FBS, Emiratis can follow these steps:

 

• ✅Enter “FBS” into your preferred search engine and click the appropriate link to access the official FBS website.
• ✅Look for the “Open Account” button, usually located in the upper right corner of the website.
• ✅Choose the account type that best meets your trading requirements. FBS provides several account options, including Cent, Standard, and Pro accounts.
• ✅Fill out the registration form with the required information, such as your full name, email address, and date of birth.
• ✅You will receive an email from FBS after completing the registration form. To confirm your account, click the verification link in the email.
• ✅Depending on your country and the type of account you choose, you may be required to provide additional verification documents, such as a copy of your ID or proof of address.
• ✅After verifying your account, you can download and install the MetaTrader 4 or MetaTrader 5 platform, the two main trading platforms offered by FBS.

 

 

To access your trading account, use the login credentials provided by FBS. You can now begin exploring the platform, using a demo account to practice, or depositing funds to begin live trading.

 

 

Is email verification required to start trading with FBS?

Yes, you will receive an email with a verification link that you must click to confirm your account.

 

What information is required for registration with FBS?

Registration requires basic information such as your full name, email address, and date of birth.

 

 

How to Close an FBS Account

 

To close a live trading account with FBS, Emirati traders can follow these steps:

 

• ✅Contact FBS customer service via their website, email, or live chat. Provide your account information and, if desired, the reason for the account closure.
• ✅FBS may require you to complete a form or provide additional documentation. Follow their instructions and submit the necessary information as soon as possible.
• ✅Before closing the account, make sure you withdraw any remaining funds. FBS provides various withdrawal options, including bank transfers, e-wallets, and local exchangers. To complete the withdrawal process, follow the instructions provided by FBS.

 

 

FBS will send you a confirmation email or notification once your account closure request has been processed. Check again to ensure that your account has been successfully closed.

 

 

What should I do with my remaining funds when closing an FBS account?

Before closing your account, you should withdraw any remaining funds.

 

Are there any fees for closing an FBS account?

No, account closure is free of charge at FBS.

 

 

 

FBS Trading Platforms

 

FBS offers Emirati traders a choice between these trading platforms:

 

• ✅FBS Trader
• ✅MetaTrader 4
• ✅MetaTrader 5

 

FBS Trader

 

Its MetaTrader counterparts frequently overshadow FBS Trader, but it has some noteworthy features. One such feature is its “Quick Start” option, intended to assist novice traders in becoming acquainted with trading fundamentals.

Unlike other platforms, FBS Trader eases users into the platform, making the learning curve less steep. Furthermore, the platform includes a “Risk Scanner,” not commonly found in trading platforms.

This scanner assesses your open positions and provides insights into potential risks, allowing you to make educated decisions.

 

 

MetaTrader 4

 

MetaTrader 4 (MT4) is a trading industry standard, but its customization capabilities distinguish the FBS offering. While most MT4 discussions center on its technical indicators and automated trading systems, few mention the “Profiles” feature.

With FBS’ MT4, you can save your chart setups in multiple profiles, allowing you to switch between different trading strategies easily. This is especially useful for traders who operate in multiple markets and must adapt quickly.

Another little-discussed feature is its in-platform economic calendar, eliminating the need to consult external websites for fundamental analysis.

 

 

MetaTrader 5

 

MetaTrader 5 (MT5) is frequently praised for its additional timeframes and technical indicators, but one underappreciated feature is its “Depth of Market” (DOM). This gives traders a real-time view of market liquidity, which is critical for high-frequency traders.

Another distinguishing feature is its built-in chat feature, which allows traders to communicate with other MQL5.community members without leaving the platform. This fosters a sense of community and allows for knowledge sharing, both uncommon in standalone trading platforms.

 

Pros and Cons of FBS Trading Platforms

 

✅Pros	❎Cons
Emirati traders can choose between MT4, MT5, and the FBS Trader	FBS has discontinued its copy trading platform
FBS Trader is ideal for beginners and professionals alike	The FBS platform is limited to mobile devices

 

 

Can I use MetaTrader 4 and 5 on mobile with FBS?

Yes, both MetaTrader 4 and MetaTrader 5 have mobile applications.

 

Do the FBS platforms offer any risk management tools?

Yes, FBS’ platforms include risk management tools such as stop-loss and take-profit options.

 

 

 

Which Markets Can You Trade with FBS?

 

Emirati traders can expect the following range of markets from FBS:

 

• ✅Forex
• ✅Precious Metals
• ✅Indices
• ✅Energies
• ✅Stocks
• ✅Exotic Forex
• ✅Cryptocurrencies

 

Financial Instruments and Leverage offered by FBS

 

🔑Instrument	🅰️Number of Assets Offered	🅱️Max Leverage Offered
📈Forex	36	1:3000
💎Precious Metals	8	1:333
📉Indices	11	1:33
💡Energies	3	1:100
📊Stocks	125	1:5
🪙Cryptocurrencies	5	1:33

 

Broker Comparison for a Range of Markets

 

🔑Broker	🥇FBS	🥈FXOpen	🥉easyMarkets
📈Forex	✅Yes	✅Yes	✅Yes
💎Precious Metals	✅Yes	✅Yes	✅Yes
🚩ETFs	None	None	None
📌CFDs	✅Yes	✅Yes	✅Yes
📍Indices	✅Yes	✅Yes	✅Yes
📊Stocks	✅Yes	✅Yes	✅Yes
🪙Cryptocurrency	✅Yes	✅Yes	✅Yes
🔎Options	None	None	✅Yes
💡Energies	✅Yes	✅Yes	✅Yes
🗂️Bonds	None	None	None

 

Pros and Cons FBS Range of Markets

 

✅Pros	❎Cons
Traders can use leverage up to 1:3000 with FBS, depending on the account type	FBS’ product portfolio is extremely limited compared to competitors
There are over 125 stock CFDs that Emiratis can trade	High leverage can still lead to significant loss despite negative balance protection

 

 

Does FBS offer cryptocurrency trading?

Yes, crypto CFDs can be traded using an FBS account.

 

Can I trade local financial instruments?

No, FBS does not offer local CFDs from the UAE.

 

 

 

FBS Fees, Spreads, and Commissions

 

FBS Spreads

 

FBS charges various spreads, beginning at 0.5 pips on EUR/USD. The spread you experience is determined by factors such as your account type and your trading instrument. However, it is important to note that the spread is not fixed and can vary depending on the jurisdiction in which you trade.

 

The following table shows examples of typical Emirati spreads:

 

🔑Instrument	🥇Standard	🥈Cent	🥉Pro
1️⃣XAG/USD	0.01 pips	0.01 pips	0.02 pips
2️⃣XAU/USD	0.12 pips	0.12 pips	0.1 pips
3️⃣US100	2 pips	2 pips	2 pips
4️⃣XBR/USD	0.03 pips	0.03 pips	0.02 pips
5️⃣Apple	1.1 pips	1.1 pips	1.1 pips
6️⃣BTC/USD	8 pips	8 pips	8 pips

 

FBS Commissions

 

There are no commission fees at FBS. Instead, the spread includes FBS’ fee for facilitating the trade.

 

FBS Overnight Fees

 

Overnight fees, also known as interest or charges, may be incurred by traders who hold positions for more than 24 hours. These fees may be credited or debited depending on the trader’s position.

 

Based on the financial instrument, the following are some typical overnight fees:

 

🔑Instrument	🔃Swap Long (Buy)	▶️Swap Short (Sell)
EUR/USD	-5.46 pips	0.61 pips
XAG/USD	-3.8 pips	-1.24 pips
XAU/USD	-29.9 pips	6.05 pips
US100	-85.91 pips	-117.2 pips
XBR/USD	-7.74 pips	-6.28 pips
Apple	-2.55 pips	-2.45 pips
BTC/USD	-1373.46 points	-742.59 points

 

FBS Currency Conversion Fees

 

Currency conversion fees could apply to AED deposits or withdrawals to a USD or EUR-denominated account.

 

Pros and Cons FBS Trading and Non-Trading Fees

 

✅Pros	❎Cons
FBS does not charge any commission fees	FBS charged withdrawal fees
There are competitively low spreads on the Pro Account	Because the account base currencies are limited to EUR and USD, AED deposits and withdrawals are subject to currency conversion fees
There are no inactivity fees with FBS	The mark-up on Cent and Standard Account spreads is high compared to other brokers

 

 

Is there an inactivity fee with FBS?

No, there is no inactivity fee with FBS.

 

Do different account types have different fee structures?

Yes, the fee structures for Cent, Standard, and Pro accounts can differ.

 

 

 

FBS Deposits and Withdrawals

 

FBS offers Emirati traders the following deposit and withdrawal methods:

 

• ✅Credit/Debit Card
• ✅Cryptocurrencies
• ✅Perfect Money
• ✅Sticpay
• ✅Skrill
• ✅Apple Pay (Withdrawal Only)
• ✅Google Pay (Withdrawal Only)

 

 

and more!

 

How to make a Deposit with FBS

 

To deposit funds to an account with FBS, Emirati traders can follow these steps:

 

• ✅Log in to your Personal Area on the FBS website using your account credentials.
• ✅Navigate to your Personal Area’s “Finances” section, usually found in the top menu or sidebar.
• ✅To begin the deposit process, click the “Deposit” button.
• ✅Choose a payment method such as bank transfers, credit/debit cards, or electronic payment systems.
• ✅Enter the deposit amount (the minimum is $2, but it may vary depending on the payment method selected).

 

 

Finally, to complete the deposit, follow the on-screen instructions, which may include entering payment information or authorizing the transaction through a secure gateway.

 

 

How long do FBS Deposits take?

Some FBS deposits are instant, while others can take a few minutes or hours, depending on the processing time from FBS and the payment method.

 

Is there a minimum deposit requirement for the FBS 100% deposit bonus?

Yes, you must meet certain deposit requirements to receive the 100% deposit bonus.

 

Are FBS deposits instant?

Yes, deposits are usually instant, but this depends on the payment method.

 

 

 

How to Withdraw from FBS

 

To withdraw funds from an account with FBS, Emirati traders can follow these steps:

 

• ✅Access your FBS Personal Area via their website.
• ✅Navigate to your Personal Area’s “Finances” section, usually found in the top menu or sidebar.
• ✅To begin the withdrawal process, select “Withdrawal.”
• ✅Select your preferred withdrawal method, including bank transfers and debit/credit cards.
• ✅Specify the withdrawal amount, ensuring you have enough funds and considering any open positions or pending orders.

 

 

Finally, to complete the withdrawal, follow the on-screen instructions, which may include entering payment information or going through an identity verification process.

 

 

How long do FBS Withdrawals take?

Withdrawals can take a few minutes or up to 7 days, depending on the payment method chosen and FBS’ internal withdrawal processes.

 

Are there any fees for withdrawing funds?

Yes, depending on the method used, withdrawal fees may apply.

 

Can I withdraw to a different payment method than I used for depositing?

No, withdrawals must be made in the same way that deposits were made.

 

 

 

FBS Deposit Currencies, Deposit and Withdrawal Processing Times

 

🔑Payment Method	💵Deposit Currencies	⏰Deposit Processing	⏱️Withdrawal Processing
💳Credit/Debit Card	EUR	Instant	15 – 20 minutes, maximum 7 days
🪙Cryptocurrencies	USDT (ERC20), USDT (TRC20),	15 – 20 minutes	15 – 20 minutes, maximum 3 days
💴Perfect Money	USD	Instant	15 – 20 minutes, maximum 48 hours
💷Sticpay	USD	Instant	15 – 20 minutes, maximum 48 hours
▶️Skrill	USD	Instant	15 – 20 minutes, maximum 48 hours
🍎Apple Pay	USD	N/A	15 – 20 minutes, maximum 7 days
💻Google Pay	USD	N/A	15 – 20 minutes, maximum 7 days
🧮Neteller	USD	N/A	15 – 20 minutes, maximum 48 hours

 

Broker Comparison – Deposit and Withdrawals

 

🔑Broker	FBS🥇	🥈FXOpen	🥉easyMarkets
⏰Minimum Withdrawal Time	15 to 20 minutes (maximum 48 hours)	Instant	Instant
⏱️Maximum Estimated Withdrawal Time	Up to 7 days	2 - 5 Days	Up to 5 Days
⌚Instant Deposits and Instant Withdrawals	Instant Deposits	✅Yes	✅Yes

 

Pros and Cons FBS Deposits and Withdrawals

 

✅Pros	❎Cons
FBS offers local payment methods to Emirati traders	FBS charges withdrawal fees on several payment methods
Traders do not pay any deposit fees	There are no instant withdrawals offered
Instant deposits are available on electronic gateways with FBS	Emirati traders might be subject to currency conversion fees on deposits and withdrawals

 

 

How long do withdrawals take?

Withdrawal times vary but are usually completed within a few business days.

 

What are the available deposit methods?

FBS accepts various deposit methods, such as bank transfers, e-wallets, and local exchangers.

 

 

 

FBS Education and Research

 

Education

 

FBS offers the following Educational Materials to Emirati traders:

 

• ✅Forex Guidebook
• ✅Tips for Traders
• ✅Webinars
• ✅Educational Video Lessons
• ✅Seminars
• ✅Glossary

 

 

and more!

 

FBS also offers Emirati traders the following additional Research and Trading Tools:

 

• ✅Forex News Feed
• ✅Daily Market Analysis
• ✅Forex TV
• ✅VIP Analytics
• ✅Economic Calendar
• ✅Forex Calculators

 

 

and more!

 

Research and Trading Tool Comparison

 

🔑Broker	🥇FBS	🥈FXOpen	🥉easyMarkets
🔢Economic Calendar	✅Yes	✅Yes	✅Yes
🔎VPS	✅Yes	✅Yes	None
💹AutoChartist	None	None	None
👁️Trading View	None	✅Yes	✅Yes
📍Trading Central	None	None	None
📈Market Analysis	✅Yes	✅Yes	✅Yes
🗞️News Feed	✅Yes	✅Yes	✅Yes
💻Blog	✅Yes	✅Yes	✅Yes

 

Pros and Cons FBS Education and Research

 

✅Pros	❎Cons
FBS Trader is ideal for beginners who are just starting	FBS’ education is not as comprehensive as that of competitors
There is a decent range of educational materials for beginners	The demo account only lasts 45 – 90 days
There is a free demo account available	FBS offers limited standalone tools

 

 

Are webinars available for educational purposes with FBS?

Yes, FBS hosts webinars on a variety of trading topics regularly.

 

Is customer support available to assist with educational resources with FBS?

Yes, customer service is available 24 hours a day, 7 days a week, to answer any educational questions.

 

 

 

FBS Customer Support

 

🔑Customer Support	🥇FBS Customer Support
⏰Operating Hours	24/7
🌎Support Languages	English, Portuguese, Emirati, Malay, Vietnamese, Arabic, Hindi, Chinese, and more
🔊Live Chat	✅Yes
🖥️Email Address	✅Yes
☎️Telephonic Support	✅Yes
🏆The overall quality of FBS Support	4/5

 

Pros and Cons FBS Customer Support

 

✅Pros	❎Cons
FBS’ customer support is friendly and helpful	During peak times, customer support responses can be slow

 

 

How can I contact FBS customer support?

You can contact FBS via their website, email, or live chat.

 

Is there a FAQ section for quick answers on FBS?

Yes, FBS’ website includes a comprehensive FAQ section.

 

 

 

FBS VPS Review

 

FBS provides clients with a valuable Virtual Private Server (VPS) service. A one-time deposit of at least $450 in any trading account, except Crypto accounts, is required to enjoy the VPS service for free in the first month.

Starting with the second month, there is a $33 monthly fee, which is waived if you have traded at least three standard lots in the previous month. The VPS service is deactivated if the account lacks sufficient funds and trading volume.

A minimum deposit of $450 is required to activate the service, which is done through your Personal Area.

You can select the account for the $33 fee if the trading requirement is unmet, choose the server’s location for optimized performance, and specify the server type to set the default platform upon activation for an upgraded VPS experience requiring a $1,000 minimum deposit in a Pro account.

 

 

Is there an enhanced VPS experience with FBS?

Yes, an improved VPS experience is available with a $1,000 minimum deposit into your Pro account.

 

Is the FBS VPS service deactivated if I don’t have sufficient funds?

Yes, the service is disabled if your accounts lack funds and the trading volume requirement is unmet.

 

 

 

FBS Cashback Rebates Features and Conditions

 

The FBS Rebate system is intended to express gratitude from an Introducing Broker (IB) Partner to their clients. The rebate is essentially a portion of the commission earned by the IB Partner from their client’s trading activities, which is then returned to the client as a token of appreciation.

Emirati traders must understand that these rebates are a way for the IB Partner to say “thank you” for their trading efforts.

The IB Partner can choose the percentage of commission to be rebated, with FBS providing four preset options in the Partner Area—5%, 10%, 20%, and 30%. Custom percentages are also available.

The flexibility of the FBS Rebate system is one of its key features. The rebate percentage can be increased at any time by the IB Partner, rewarding successful clients with a larger share of the commission and improving their trading experience.

Furthermore, IB Partners have access to promotional materials that can be customized based on the rebate percentage chosen, making them an effective marketing tool.

The rebate process is straightforward and automated. Clients receive rebates on Mondays, making it a simple and rewarding system.

 

 

How are the FBS rebate percentages determined?

The IB Partner has complete control over the percentage of commission rebated, with preset options of 5%, 10%, 20%, and 30%.

 

Can the FBS rebate percentage be adjusted?

Yes, the IB Partner can increase the rebate percentage at any time.

 

 

 

FBS Web Traffic Report

 

🌎Global Rank	45,925
🌐Country Rank	26,881
🅰️Category Rank	191
🔢Total Visits	1.2 million
📈Bounce Rate	50.38%
📖Pages per Visit	4.58
⏱️Average Duration of Visit	00:03:35
📊Total Visits in the last three months	June – 1.2 million July – 1.2 million August – 1.2 million

 

 

FBS Geographic Reach and Limitations

 

FBS Current Expansion Focus

 

FBS is currently expanding across South America, Asia, and Africa.

 

Countries not accepted by FBS

 

FBS does not accept clients from these countries:

 

• ✅Japan
• ✅United States
• ✅Canada
• ✅United Kingdom
• ✅Myanmar
• ✅Brazil
• ✅Malaysia
• ✅Israel
• ✅Islamic Republic of Iran

 

Popularity among Emirati traders who choose FBS

 

FBS is one of the Top 10 forex and CFD brokers for Emirati traders.

 

 

Is FBS available in the UAE?

Yes, traders in the United Arab Emirates can use FBS.

 

Does FBS offer localized payment methods?

Yes, FBS accepts various payment methods, including those popular in specific regions.

 

 

 

Best Countries by Traders

 

🌎Country	📈Market Share
🥇Brazil	11.73%
🥈Togo	9.64%
🥉Indonesia	6.89%
🏅Malaysia	5.03%
🎖️Nigeria	4.79%

 

 

FBS vs FXOpen vs easyMarkets – A Comparison

 

🔑Broker	🥇FBS	🥈FXOpen	🥉easyMarkets
📝Regulation	IFSC, CySEC, ASIC, FSCA	ASIC, FCA, CySEC	BVI FSC, CySEC, ASIC, FSA
📊Trading Platform	FBS Trader MetaTrader 4 MetaTrader 5	MetaTrader 4 MetaTrader 5 TickTrader	easyMarkets Platform MetaTrader 4 MetaTrader 5 TradingView
📈Withdrawal Fee	✅Yes	✅Yes	None
🆓Demo Account	✅Yes	✅Yes	✅Yes
💳Min Deposit	18 AED	4 AED	735 AED
▶️Leverage	Up to 1:3000	1:500	1:2000
📉Spread	From 0.5 pips	From 0.0 pips	0.5 pips
💰Commissions	$0	From $1.5	None, only the spread
⛔Margin Call/Stop-Out	30%/ 10%	M – 100% - 20% S/O – 50% - 10%	70%/30%
🗂️Order Execution	Market	Instant, Market	Market
💴No-Deposit Bonus	None	None	None
💵Cent Accounts	✅Yes	✅Yes, Micro	None
📒Account Types	Cent Account Standard Account Pro Account	Micro Account STP Account ECN Account Crypto Account PAMM STP PAMM ECN PAMM Crypto	Web/App VIP Web/App Premium Web/App Standard MT4 VIP MT4 Premium MT4 Standard MT5
🚨DFSA Regulation	None	None	None
💶AED Deposits	✅Yes	✅Yes	✅Yes
📊AED Account	None	None	None
⏰Customer Service Hours	24/7	24/5	24/5
🖋️Retail Investor Accounts	3	4 retail, 3 PAMM	7
☪️Islamic Account	✅Yes	✅Yes	✅Yes
⬇️Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
⬆️Maximum Trade Size	500 lots	Unlimited	50 lots
⏱️Minimum Withdrawal Time	15 to 20 minutes (maximum 48 hours)	Instant	Instant
⏰Maximum Estimated Withdrawal Time	Up to 7 days	2 - 5 Days	Up to 5 Days
💷Instant Deposits and Instant Withdrawals	Instant Deposits	✅Yes	✅Yes

 

 

FBS Alternatives

 

• 🥇 FXOpen is a London-based broker that provides various trading options such as forex, stocks, and cryptocurrency CFDs. FXOpen offers access to various trading platforms, including MetaTrader 4, MetaTrader 5, and TickTrader, to individual and institutional clients. Traders can use the free MetaTrader 4 platform, a powerful trading platform for ECN, STP, Crypto, and Demo Forex accounts.

 

• 🥈 LiteFinance is a broker that provides forex, stocks, indices, commodities, and cryptocurrency trading services. LiteFinance gives you access to the MetaTrader 4 platform, popular among traders because of its advanced charting tools, indicators, and automated trading options. LiteFinance provides competitive spreads, low commissions, and a variety of account types to meet various trader needs and objectives.

 

• 🥉 XM is a global broker that provides a variety of trading instruments such as forex, stocks, indices, commodities, and cryptocurrencies. XM offers MetaTrader 4 and MetaTrader 5 platforms, which are well-known for their advanced charting tools, indicators, and automated trading options.

 

 

FBS Awards and Recognition

 

FBS received the following recent awards and recognition:

 

• ✅Best Forex Broker Asia 2022.
• ✅Best Forex Broker Middle East 2022
• ✅Best Forex Broker Latin America 2022
• ✅Best Forex Broker South-East Asia 2022
• ✅Best Forex Broker Europe 2022
• ✅Best Copy Trading Application Global 2022
• ✅Best Mobile Trading Platform Asia 2022
• ✅Best Mobile Trading Platform Middle East 2022

 

 

and more!

 

 

Our Experience with FBS

 

During our research, we discovered FBS to be a broker that stands out for its robust trading platform and exceptional customer service. The diverse range of assets available for trading was one of the first things that drew my attention.

The platform provides many options for novice and seasoned traders, ranging from global indices to individual shares. FBS’ longevity in a highly competitive market speaks volumes about its dependability and track record.

 

FBS Trading Platform

 

In our experience, FBS’ trading platform is a well-crafted piece of technology that achieves an excellent balance of simplicity and functionality. It provides real-time capabilities for smooth trade execution, position management, and market monitoring.

Furthermore, the platform’s accessibility across desktop and mobile devices is a significant benefit, allowing traders to operate on the go. The user interface is simple and easy to use, making it suitable for traders of all experience levels.

 

Quality of Customer Service

 

FBS’ customer service is notable for its prompt and effective responses. I was particularly impressed by how quickly they respond to inquiries, even through less formal channels like WhatsApp.

Furthermore, FBS provides a variety of educational materials that are valuable resources for traders looking to expand their knowledge. However, given FBS’ current focus on CFDs, it is worth noting that it could diversify its product portfolio.

 

FBS Response Time

 

🔑Support Channel	⏰Average Response Time	⏱️User-based Response Time
☎️Phone	10 minutes	5 – 7 minutes
🖥️Email	1 working day	Same-day
🔊Live Chat	5 – 10 minutes	2 minutes
📱Social Media	10 minutes	5 – 7 minutes
👥Affiliate	1 working day (email)	Same-day

 

 

Recommendations according to our in-depth review of FBS

 

• ✅FBS could consider adding new account types to better meet the needs of different traders, such as scalpers, swing traders, and long-term investors.
• ✅FBS can work on streamlining and expediting the withdrawal process for traders.
• ✅FBS can improve its mobile trading app even more by including more features and functionality, such as advanced charting tools, real-time news updates, and the ability to place more complex order types.
• ✅FBS’ educational resources can be improved by providing in-depth materials on various trading strategies, risk management, and market analysis techniques.
• ✅Increase the number of trading instruments: FBS may consider adding more trading instruments, such as options, futures, and bonds, to its platform.
• ✅Although FBS’ copy trading service has been discontinued, FBS may consider introducing a new social trading feature that allows traders to follow and copy the trades of successful traders.

 

 

Finally, FBS’ trading platform can be improved by including more advanced charting, indicators, and drawing tools.

 

 

FBS Customer Reviews

 

 

🥇 Best in class!

In my opinion, FBS is highly recommended if you are looking for a “best in class” broker. FBS has been around for quite some time, and even though the financial services industry is notoriously cutthroat, the company has managed to build up a large, satisfied clientele worldwide. – Khaled Mansoori

 

 

🥈 Beginner friendly.

FBS makes it easy to fund and link your account to your trading platform. The trading conditions are especially friendly to beginners, and the user interface is straightforward to navigate. I’ve stopped working with the other brokers and am concentrating solely on FBS. – Fahad Maktoum

 

 

🥉 Dependable and professional.

Due to its importance in building wealth, finding a reliable broker requires careful attention to detail. Based on my investigation, I have concluded that FBS is among the most dependable and professional brokers available. The high standard of their work reflects their proficiency. – Layla Ali

 

 

 

Pros and Cons of Trading with FBS

 

✅Pros	❎Cons
FBS is regulated by several financial authorities, providing traders with a safe and dependable environment	FBS has discontinued its copy trading services
The platform provides a wide range of assets, including forex, commodities, stocks, and cryptocurrencies	While high leverage can be advantageous for some, it also carries significant risks
The FBS platform is intuitive and simple to use	For absolute beginners who are unfamiliar with such platforms, the advanced features of MetaTrader 4 and MetaTrader 5 might be overwhelming
FBS provides up to 1:3000 leverage on certain assets	Due to regulatory restrictions, FBS might not be available in certain countries, limiting its reach for some international traders
FBS provides a variety of account types, including Cent, Standard, and Pro accounts	FBS relies on third-party platforms such as MetaTrader for trading, as it lacks a proprietary platform that could offer unique features.
FBS provides access to MetaTrader 4 and MetaTrader 5	FBS charges withdrawal fees on certain payment methods

 

 

In Conclusion

 

After thoroughly reviewing it and its offerings, we found FBS to be a broker that combines a user-friendly platform with a range of features designed to cater to both novice and experienced traders.

The platform’s asset diversity and real-time capabilities make it a strong market competitor. We were particularly impressed by the responsive and informative customer service, which added value to the overall trading experience.

The FBS Rebate system and the VPS service stand out as distinct features that provide traders with tangible benefits. The rebate system is a reward mechanism and a versatile tool for IB Partners to engage their clients.

On the other hand, the VPS service provides a dependable trading environment, which is especially useful for those who need a consistent connection for algorithmic trading.

However, it is worth noting that FBS could broaden its product offering beyond CFDs to appeal to a broader range of traders. Furthermore, while the VPS service and rebate system are commendable, they are subject to certain conditions that traders must meet, which may be a barrier for some.

In addition, discontinuing the copy trading features and the app could be an extreme inconvenience for traders who rely on FBS’ social trading capabilities.

 

 

Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Emirati investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

 

Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

 

Frequently Asked Questions

 

Who is FBS suitable for?

FBS is an excellent choice for new traders because it provides valuable features such as the ‘Cent Account’ type, which allows beginners to trade in the live market while taking minimal risk. With features like algorithmic trading, FBS also caters to more sophisticated traders. FBS is appropriate for both PC and smartphone users.

 

Is FBS regulated?

Yes, FBS is regulated and licensed in South Africa (FSCA), Cyprus (CySEC), Belize (IFSC), and Australia (ASIC)

 

What are the fees and spreads offered by FBS?

FBS has competitive spreads on major currency pairs and lower-than-average non-trading fees. Spreads in other trading instruments, such as commodities and indices, may be less competitive. Because FBS is a market maker/dealing desk broker, trading fees are built into the spread.

 

Does FBS offer access to global stock CFDs?

Yes, FBS provides access to trading in global stock CFDs.

 

Does FBS have Nasdaq 100?

Yes, FBS offers Nasdaq as a CFD on Indices under the symbol NAS100, with spreads starting at 2 pips across accounts.

 

How long does it take to withdraw from FBS?

Depending on the payment method, withdrawals can take 15 to 20 minutes or up to 7 days.

 

Does FBS have VIX 75?

The Volatility 75 is not available at FBS. On the other hand, FBS offers 11 other indices that can be traded as CFDs.

 

Is FBS Safe or a Scam?

FBS is a safe option for Emirati traders because of its security features, multi-regulation, and high trust score.