There are many markets that FBS provides to its members with over 17 million traders.
CFDs, stocks and more are also available for trading. Leverage up to 1:3000 is available for international clients and up to 1:500 for EU and UK clients. For Australian clients, leverage is up to 1:30. There are no commissions accompanying most instruments and accounts.
Contents
Advantages and Disadvantages of FBS
Advantages include:
- high leverage up to 1:3000 is good for high-risk traders;
- super-fast execution within 0.40 seconds for 95% of transactions;
- low spreads and commissions (starting from 0 pips) on most accounts;
- free demo account for every account type to help clients test strategies;
- free FBS Trader application for trading from any place;
- exemplary multilingual customer service.
Disadvantages are:
- commission on both deposits and withdrawals (depends on payment type);
- EU, UK and Australian customers have fewer account options than customers from other regions.
What about the trading deposit options from FBS?
FBS Deposit Options
There are many trading deposit options included in the FBS offers. These include the most common ones available to the FBS CY organization, and many more in its international branch:
- major cards Visa and MasterCard;
- electronic wallets Neteller and Skrill;
- bank transfers.
Deposits via electronic payment systems are processed instantly. Trading deposit requests via other payment systems are processed within 1-2 hours during the working hours of the FBS Financial Department.
Minimum Deposit for FBS
As for the minimum deposit amount, FBS allows you to trade through a cent account with as little as $10 at the start, which is a fantastic option for novice traders. The standard account so far only requires a $100 initial deposit, so experienced traders can find their way with relatively small amounts as well.
Best FBS Characteristics
Advantageous Spreads and Commissions
Only three out of six possible account types at FBS have commissions. The rest have no commissions. As for crypto account holders, their commission is 0.05% for opening and 0.05% for closing positions with a floating spread from 1 pip.
Leverage Up to 1:3000
In IFCA and FSCA regions, Standard, Micro and Zero-Spread accounts are leveraged up to 1:3000, one of the highest leverage levels in the world. All other accounts are leveraged up to 1:1,000, except for ECN accounts, which offer up to 1:500.
Low Barriers to Market Entry
Because of its lean model, which has no dealing desk, traders can enjoy much lower minimum deposits. Starting with a minimum deposit of $5 for a Micro account or $1 for a Cent account. Such low barriers reduce barriers to entry into global financial markets.
Easy Deposits and Withdrawals
With a wide variety of payment types including bank cards, bank transfers, Skrill, Neteller, Rapid Transfer, STICPAY, Perfect Money, local payment systems and local exchangers, customers can make quick and convenient deposits and withdrawals.
Efficient Client Support
Customer support is available 24/7 in English and 20 other languages. Customer service methods include email, phone, callback, chat and social media. The FBS customer support team is committed to customer success and helps traders, both beginners and experienced, to overcome any problems they may encounter.
So, FBS is an online forex broker that has quickly gained momentum and maintains an impeccable reputation among its traders.