FBS is an online broker platform specializing in forex trading. The website is owned and operated by FBS Markets Inc, a company based in Belize. FBS was launched in 2009 and since then it claims to have serviced up to 4 million traders. The website is available in over 120 countries and has received numerous awards and accolades over the years.
By using FBS you will have the opportunity to trade forex in a professional and precise manner. The service is suited for both beginners and experts. Novice traders will have an abundance of educational material to improve their skill and understanding of the market.
FBS is regulated by the International Financial Services Commission of Belize. The IFSC is the main financial regulatory body of Belize, a small country located in South America. It is responsible for oversight of all financial companies and brokers operating in the jurisdiction of Belize. This government institution has licensed many brokers and exchanges since it was founded in 1999. So far, companies and people licensed by the IFSC have an excellent track record and abide the agencys Code of Conduct.
At FBS users have a variety of instruments at their disposal that they can utilize to engage in online trading. These include the foreign exchange trade, contracts for difference and the precious metals trade.
Forex, abbreviated from foreign exchange, is the largest liquid market on the face of the planet. It is a completely decentralized market that works through a network of banks and financial institutions. The currency trade has been around for decades and in the information age, it has become larger than ever before. Trillions worth of United States dollars are exchanged on a daily basis and the annual volume of the forex market a larger than the GDP of the US. FBS offers you the chance to participate in this giant venture by letting you trade in over 30 different currency pairs.
Contract for difference trading has a major presence in the market currently. This type of trade is conducted in the following manner. It involves two parties – a buyer and a seller, and according to the contract, if the value of the agreed-upon asset increases then the seller will pay the buyer the difference between the price at the time the contract was created and the current price. If, instead, the value of the asset decreases then it is the buyer who will pay the difference to the seller. This type of contract has the potential to be beneficial to either of the parties depending on the outcome. At FBS you have the opportunity to engage in this type of trade.
Precious metals are some of the most sought-after hard commodities. They have a high market capitalization and investing in them is a very lucrative way to earn a profit. FBS allows you to trade in several precious metals such as gold, silver, palladium and platinum, depending on what kind of account you have opened.
At FBS you can engage in various trades by using the two available platforms. The two platforms are MetaTrader4 and MetaTrader5. Both of these are developed by MetaQuotes Software, a Cypriot forex trading software company.
Using MetaTrader4 you will have access to more than 40 different assets available for trade, including currency pairs, CFDs and metals, as well as low spreads. This platform is available on a number of different systems such as Windows, Android, and iOS. It also has the option to manage multiple accounts at the same time using the Multiterminal program. Additionally, MT4 also supports in-browser access, allowing you to conduct your trades directly from the window of your browser. The web version can run in any modern browser, including all of the commercial ones like Google Chrome, Safari, Opera, etc.
MetaTrader5 comes with its own unique advantages. For starters, you will have at your disposal three different types of charts and technical analysis tools in the form of 50 indicators and charting tools. Additionally, you can also benefit from the optional micro-lot accounts and hedging positions. Moreover, you will also have VPS service support at all times. The MT5 platform can be downloaded on three different system, more specifically Windows, Android and iOS. Much like MT4, MT5 also supports a web version, allowing you to access the platform directly from your browser.
FBS offers its user a variety of account types, each meant for a specific kind of trader. They vary in terms of minimum deposits, leverage, spread and order volume.
The Standard Account is meant for the average trader. It has a minimum deposit of $100, a spread from 1 pip, maximum leverage up to 1:3000, as well as an order volume between 0.01 and 500 lots. This type of account is not charged commission and the maximum open positions and pending order limit is set at 200.
The Cent Account is the natural beginners choice. It features a minimum deposit requirement of $1, a floating spread from 1 pip, leverage up to 1:1000, and an order volume between 0.01 and 1000 cent lots. Cent Accounts are completely commission-free and their holders can have a maximum of 200 open positions and pending orders.
The Micro Account features a minimum deposit of $5, as well as a fixed spread from 3 pips. Additionally, Micro Account holder can benefit from leverage up to 1:3000 and order volume ranging from 0.01 to 500 lots. Much like the previous two, Micro Accounts are commission-free and the maximum open positions and pending orders are 200.
The Zero Spread Account is meant for traders who like to trade at the fastest speeds. Traders will have to deposit a minimum of $500 to open this type of account. Just like its name implies, the spread is fixed at 0 pips. Unlike the previous account types, this one features a commission which starts at $20 per lot. Zero Spread Account holders can trade with leverage up to 1:3000 and with an order volume ranging from 0.01 to 500 lots. Traders can have up to 200 open positions and pending orders.
ECN Account holder can receive the full benefits of ECN technology. This type of account requires a larger initial deposit than the others – $1000. It features a floating spread from -1 pips and a commission of $6 per lot. ECN Account holders can trade with leverage up to 1:500 and no limits to the number of open positions and pending orders. They are limited in terms of volume, however, from 0.01 to 500 lots. Additionally, ECN Accounts can only trade with 25 currency pairs, as opposed to the 31 pairs and 2 metals available to other accounts.
Unlimited Account is the last account type. This one features a minimum deposit of $500 and a floating spread from 0.2 pips. Traders can enjoy leverage of up to 1:500 and no limits on the number of open positions and pending orders. Moreover, they will not be charged a commission of any kind. The order volume is limited to 500 lots.
FBS has an incredibly large customer support team to accommodate its immense user base, spread out across twelve offices in seven different countries. The countries in question are Egypt, Indonesia, Malaysia, Thailand, China, South Korea, and Myanmar. Each office can be reached via email and telephone, with some offices supporting communication via Facebook and Skype.
Additionally, you can always engage in Live Chat with a company representative directly from the website. The company also has a presence on social media so you might also get your answers there. Support is available 24 hours a day, 7 days per week. The company seeks to provide its users with the best possible customer support and it has certainly accomplished much in this respect.