In 2011, I spent shortly, about few months, trading with FBS broker. The reason behind is that at that time FBS operated with high spread, slow execution process and high slippage. However, in 2016, I was back with FBS in regarding to a surprise popularity of FBS about its promotions and welcome bonus offer. Yet, free is the best. FBS has shown its effort to change in many different aspects. I will discuss here the top things about FBS reviews that pull you back with them.
About the regulations
Up to current, FBS has possessed two critical licenses as their primary regulation. The first one is CySEC (Cyprus Securities and Exchange Commission) under registration number 353534. The second one is the International Financial Services Commission (IFSC) of Belize under the license number IFSC/60/230/TS/18. The note of the second regulation is that this is an agent established in 1999 in order to manage and supervise general financial service provider in the Belize financial market.
The reputation of FBS
FBS has presented they are among the best forex brokers in the world for years since the establishment with many awards. Some of the most remarkable awards are “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”. Especially, FBS was honored for its social responsibility after a contribution and support to the Indonesian Government regarding the disaster relief in 2017. So, they perceived a high ethics.
About the variety of FBS account options
The wide variety of account options of FBS is one of the most striking features to their products and services. Totally, there are 4 account options that are available for traders to select, including the Cent Account, Standard Account, Zero Spread Account and ECN account.
Cent account option
- Deposit requirement: the minimum of $1
- Spread type: floating
- Trading commission: free
- Leverage rate: 1:1000
- Market execution
Standard account option
- Deposit requirement: the minimum of $500
- Spread type: floating
- Trading commission: free
- Leverage rate: 1:3000
- Market execution
Zero spread account option
- Deposit requirement: the minimum of $1
- Spread type: fixed
- Trading commission: free
- Leverage rate: 1:1000
- Market execution
ECN account option
- Deposit requirement: the minimum of $1000
- Spread type: floating
- Trading commission: free
- Leverage rate: 1:500
- ECN execution
About the commissions and spreads of FBS
Regarding the account options above, FBS has managed two applicable trading costs through spreads, which are fixed spread and floating spread. These spreads are associated with the competitive market average rate. In particular, the fixed spread is quoted from 3 pips. Meanwhile, the floating spread is started from 0.2 pips.
About the deposits and withdrawals of FBS
Among the brokers, FBS is one of the leading manners in terms payment options that are available. Actually, FBS apparently is a broker that accepts more than 70 various payment options. They accepts a wide range of payment methods including Credit card, Bank transfer and e-wallet.
Meanwhile, the selection of payment methods for withdrawals are varied. The difference between payment options is the processing time. The credit card need to process the transaction for up to 48 hours. The e-wallet is an instant transfer.
About the bonus and promotions of FBS
The promotions and bonus of FBS has several options, such as the $50 welcome bonus, the Bonus 123, and the 100% deposit bonus. Furthermore, the current best forex bonuses in 2019 of FBS is rewarded an IPhone X to their traders.
About the Customer support of FBS
There are comprehensive education and a detailed FAQ operated in FBS customer support service. Furthermore, traders are also received a 24/7 live chat support from their customer service team.
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Joey is your friendly neighborhood knowledge seeker. From science to history, he’s on a quest to unravel the mysteries of the universe and share his discoveries with you. Dive into his articles for a dose of curiosity and wonder.
