Detailed FBS Forex Broker Review
FBS is a forex broker company, that was created in 2009. The address of registration of the broker is indicated as Chanthabuli, VientianeLaos. The company is well- know both in Europe and in CIS as a supplier of financial services of high quality. Opening account with this broker you can trade with Forex, invest the fund in different programs, using the system of copying of transaction.
General information about FBS Forex Broker
• Year of foundation – 2009;
• Regulation is FSC, license number C108005331;
• Link to the official website is https://fbs.com/;
• Minimum deposit is $ 1.
We can define a low market entry threshold with a given broker among the advantages. There is even no need to open a demo account for newcomers traders and investors, as the sum $1 is available for everyone. Another good advantage is a big level of leverage 1:3000, at the cost of it you can account on a good profit. Also, you have to take into account that at the big level of leverage the risk is bigger.
Several office centers have been opened by this fx broker in countries such as Indonesia, Korea, Malaysia, as well as China and Thailand.
Types of accounts and trading conditions
A given broker offers to open one of the following types of accounts:
• Standard (minimum deposit is $ 100);
• Cent (minimum deposit is $ 1);
• Micro (minimum deposit $ 5);
• Zerospread (minimum deposit $ 500).
The amount of spreads differs among each other. For all account except Zerospread commission size is 0.5-3 pips for the most fluctuating financial instruments. The minimum lot is the same everywhere, it is 0.01 lot. Apart from the above, you can open an account type ECN. It differs in that fact that the user will have access directly to the exchange market. And the broker in this case does not affect the quotes.
How works analytics and news section on FBS
In the analytical section there are three blocks:
• Company’s news;
• Forex News;
• Daily Forex analytics.
All these sections are completely free and available on the company’s main website. But the data cannot be called unique. They are copied from one of the thematic news portals the most frequently. For this reason, the presence of the analytical section is not informative. In addition, the user has access to the economic calendar, recording webinars, video recording of lectures and seminars. The company actively holds meetings for its employees in various training centers.
Bonuses, promotions actions and loyalty programs by FBS
This brokerage company actively attracts new users through promotions. Existing customers also take part in them, as well as in loyalty programs. Bonuses are awarded on each new registration. But the amount is not transferred to the main, but to an additional account. User will need some time to trade on the main account actively, so that the bonus money is converted into real money with the possibility of withdrawal. In addition, the broker holds promotions: “GetCar”, “the FBS Lucky T-Shirt” and “LotsofApples”. Among registered users real prizes in the form of cars, clothes, electronics are played out in these promotion actions. Prizes are awarded for achievements in trading. For example, for the most profitable transaction for a certain period of drawing. Pre-registration is required to participate in contests.
The described broker offers three trading platforms:
• Metatrader 4;
• Metatrader 5;
• FBS Trader;
The last mentioned program was created by the broker team for mobile devices headed by iOS or Android. The standard versions Metatrader are familiar to many traders and investors. They are accessible for downloading without changes in the multilingual version on the official web site. The use of automated advisors, scalping and forex robots are allowed.
The important facto of collaboration is the active work of the support desk. It works every day, 24/7 without breaks at FBS broker. All main languages are maintained so that the users from Europe, Asia, Canada, and the USA do not have difficulties with adaptations. Consultations are provided with the help of online chat, e-mail or on the contact phone number. 19 languages are accessible at option.