FBS is one of the established names in the industry, with over 10 years of experience. The broker is licensed by the Cyprus Securities and Exchange Commission (CySEC) – a well known and respected regulator, and that is yet another reason to review FBS as one of our trusted brokers.
The selection of trading instruments is comprehensive. You will be able to chose from almost 30 currency pairs, some of which minor or exotic like USDSGD. And you may also trade CFDs on gold, silver and even Bitcoin.
FBS operates in over 190 countries and also has an international subsidiary that is licensed by the International Financial Services Commission of Belize, where traders from outside of EU can enjoy leverage as high as 3000:1
FBS regulation & safety of funds
FBS is a trading name of Tradestone Limited, which as we already noted is licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC). Outside of EU FBS offers its services under the license of the International Financial Services Commission of Belize. The international version of the website is operated by FBS Markets Inc, which is registered in Belize, but is owned by FBS Inc., which is based offshore on the Marshall Islands.
The rules governing all CySEC regulated brokers are rigorous. CySEC brokers should hold at all times a minimum operational capital of no less than 730 000 EUR, should keep their customers money in a segregated, protected form creditors, trust account, should file regular reports, should allow external audits, should grant all traders a negative balance protection, and should follow strict ethical rules.
On top of that all CySEC brokers are required to participate in an Investor Compensation Fund (ICF), under which a client will receive up to 20 000 EUR of his or her trading capital in case the broker files for bankruptcy.
And besides a CySEC license, gives FBS the freedom to offer brokerage services in all EU countries.
FBS trading conditions
As tested with a demo account the benchmark EURUSD spread floated around 1 pip, which is pretty attractive, because all spreads starting below 1.5 pips are generally considered good.
What is more FBS offers tight spreads not only with its Standard Account, but also with its Cent Account, where you will be able to enjoy trading with cent lots.
The leverage, offered by FBS in Europe is in line with the latest regulations of the European Securities and Markets Authority (ESMA) and is capped at 30:1 for retail traders.
For their international clients however, FBS offers a much higher leverage – of up to 3000:1, which is basically as good as it can get.
FBS trading platforms
FBS offers the industry standard MetaTrader4 platform. An excellent trading solution – light and reliable, featuring well over 50 easily modifiable market indicators, as well as trading robots, with which one can easily run algorithmic trading sessions. And MetaTrader4 is equipped with an excellent set of advanced charting tools – basically everything a trader needs.
FBS deposit/withdrawal methods and fees
At FBS you can deposit or withdraw funds with your VISA or MasterCard, with a bank wire and also with two of the most popular e-wallets – Neteller and Skrill. There are no deposit or withdraw commissions. Card payments and e-wallet payments are processed within 24 hours, while bank wire transfers may take up to 3 – 4 business days. The minimum deposit is 10 EUR.
FBS website is supported in English, German, Spanish, French, Italian and Portuguese.