I started trading with FBS in a short period of time, about few months, in 2011. The reason why I quitted was due to the high spreads, slow execution process and high slippage. However, I was surprised with the reputation of FBS reviews in 2016 regarding their promotions and welcome bonus offer. Yet, free things are alway attractive. Besides, there were many changes. I listed here the picked specifications to trade with FBS Forex Broker.
The FBS Regulation authorities
FBS recently achieved multiple licenses from highly reputed authorities. Firstly, FBS follows CySEC (Cyprus Securities and Exchange Commission), registration number 35353. The second license that FBS got is the license of the International Financial Services Commission (IFSC) of Belize under the license number IFSC/60/230/TS/18. Briefly, this is an agency managing and supervising all financial service providers in the Belize financial sector since the establishment in 1999.
The reliability of FBS
The reliability of FBS can be identified by its numerous of award winning for years of operation, such as some achievements of the Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker. Especially, FBS was rewarded for the contribution to the disaster relief by Indonesian Government in 2017. Hence, it is a strong indication of FBS focus on the social responsibility and ethics as the best forex brokers BRKV.
The account differences of FBS
As to be attractive to different characteristics of Traders, FBS is operating a wide range of account types. Totally, there are four primary account types that mostly used and prefered by FBS traders, including Cent Account, Standard Account, Zero Spread Account and ECN account.
Cent account specs
Minimum deposit: as low as $1
Spread: floating
Trading commission: free
Leverage: 1:3000
Execution : market rate
Standard account specs
Minimum deposit: $100 or higher
Spread: floating
Trading commission: free
Leverage: 1:1000
Execution : market rate
Zero spread account specs
Minimum deposit: $500 or higher
Spread: fixed
Trading commission: free
Leverage: 1:3000
Execution : market rate
ECN account specs
Minimum deposit: $1000 or higher
Spread: floating
Trading commission: free
Leverage: 1:300
Execution : ECN rate
The commission and spread of FBS
The offering spread at FBS are modified as the applicable trading costs which are competitively following the market average. There are two types, fixed spread and floating spread. Fixed spread start from 3 pips. Conversely, the floating spread is quoted from 0.2 pips.
The options for deposits and withdrawals
All above these lines, FBS is also a outstanding broker in terms of its available payment options compare to other competitive brokers. Especially, FBS is among the minimal brokers opting traders with over 70 different payment methods which are coming from credit cards, bank transfer and e-wallet.
Similarly, the withdrawals are also wide range of selection. The difference is the period of payment process which relies upon the method choices. In particular, the processing time of credit card payment may take up to 48 hours while the e-wallet is instantly transferred.
The bonus and promotions at FBS
FBS is currently introducing couples of bonus programs, including $50 welcome bonus, the bonus 123 and 100% deposit bonus. Furthermore, beside best forex bonuses, FBS also introduces the special promotion which rewards traders a win of an Iphone X from trading.
The Customer service at FBS
At FBS, the customer service comes with different options, such as comprehensive educational centre and detailed FAQ. Furthermore, there is a live chat support team who would give traders help in 24/7 live support.
