FBS offers more than 200 payment methods that can be used for deposits and withdrawals. Nevertheless, the pricing of FBS is considered competitive and appealing compared to other brokers. Moreover, this broker has a special Islamic account with no overnight charges. Additionally, some users weren’t satisfied with the quality of customer support. Nevertheless, some users reported delays and issues while depositing funds or withdrawing money. If you’re solely interested in forex and CFD trading, AxiTrader will be a good choice.
Deposits and Withdrawals
How to spot a fake trading platform?
- It isn't registered to trade forex, futures, or options.
- Trades crypto, but not registered as a money service business.
- No physical address, it's clearly fake, or offshore.
Some traders may want more regulation. High leverage, fast execution, and platform variety make FBS attractive for active users. You can place real trades without risking real money, and the learning curve isn’t steep. FBS isn’t built for everyone, but it works well for certain types of traders. That said, it’s a decent option for people who don’t want to trade actively.
Best Trading Account for Beginners
FBS offers a fast and cost-effective deposit and withdrawal process with a wide range of payment methods, including bank transfers, credit/debit cards, e-wallets, and regional services. The entire process can be completed in under 10 minutes, with account approval typically finalized within one business day. The demo account can work for beginners and pros alike, offering a way to test new strategies without risking real money.
“FBS is a super cool forex broker that… FBS is a super cool forex broker that really cares about transparency, reliability, and innovation. Further, the broker keeps client funds and the company’s operating fund on segregated accounts, so that the money is protected even in case the company goes bankrupt. After signing up, traders still need to verify their account in order to withdraw funds. FBS is a global broker, which is active in more than 150 countries and hosts over 27 million traders worldwide.
FBS keeps user funds in separate accounts, mostly in tier-1 banks. You can trade, check stats, and manage your account all in one place. A lot of traders in non-Western countries use FBS because it feels accessible. That makes it good for new traders testing things out. There are demo account options and even swap-free accounts. The broker mainly targets regular users.
In the EU, the broker also offers Negative Balance Protection to retail clients. FBS covers traders with the ICF scheme, meaning traders would be compensated by up to €20,000 if the company becomes insolvent. One of FBS’s standout features is its strong educational and research ecosystem, including structured learning courses, webinars, trade ideas, and live market analysis sessions.
FBS compared with alternative brokers
Has anyone made millions from forex?
Reality Check on Success Rates: While forex trading can indeed create millionaires, statistics show that approximately 90% of retail traders lose money in their first year.
That’s useful if you’re scalping or trading during news spikes. The servers handle orders quickly, and most trades are executed in under a second. You can use either on Windows, Mac, mobile, or web. Nothing is truly hidden, but like with any broker, it helps to double-check before funding or withdrawing. You can leave the account unused for months, and it won’t be closed or charged. There are no extra charges unless you hold positions for a long time without activity.
Best Customer Service Broker Global
Payments are processed through gateways that support 3D Secure and PCI DSS standards. Accounts can’t go into deep negative, which is useful if you trade with high leverage. They don’t offer deposit insurance, but they do limit access to company staff. Still, the broker has been running for years and hasn’t had any major public issues with licensing. This affects account options, leverage, and available promotions.
Trading statistics
- While its product lineup may not cater to long-term investors seeking real assets like ETFs or bonds, FBS shines as a cost-efficient and technically reliable broker for FOREX and CFD traders.
- High leverage, fast execution, and platform variety make FBS attractive for active users.
- Clients can access detailed statistics such as account equity, margin, free margin, floating profit/loss (P&L), and used leverage.
- Slippage exists, especially during volatile moments — economic releases, market opens, or unexpected news.
Moreover, FBS offers multiple account types to suit all users with differing budgets. It offers free deposit and withdrawal options but there are high CFD and inactivity fees. Moreover, the low trading fees make the platform more accessible. Enjoy instant withdrawals with low and stable spreads that allow for lower trading fees.
Best Forex Trading Education
FBS is a global broker offering plenty of CFD options from forex to stocks, indices, and commodities. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Nevertheless, some traders reported facing delays and issues with their transactions. Users can pay and withdraw money by linking these methods directly to their bank accounts or e-wallets.
This service is available 24/7, ensuring that you can receive support at any time. The live-chat feature provides real-time assistance for immediate queries and technical issues. You should know that using a base currency different from your deposit currency could result in conversion fees, depending on the payment method used. Both deposits and withdrawals are fee-free on FBS’s side, although third-party payment systems may charge their own fees depending on the method used.
Add to that a powerful mobile app, competitive spreads, and a rich library of educational content, and it’s clear that FBS delivers a compelling trading environment for both beginners and active traders alike. Its familiar platforms, low minimum deposit, and commission-free trading on most accounts make it particularly attractive to new traders. FBS supports trading through the popular MT4 https://forex-review.net/fbs-review/ and MT5 platforms and also offers its own proprietary mobile app.
- On the desktop MT5 platform, users can set alerts via email or mobile push notifications, but configuration requires some setup via the “Options” menu.
- You should know that using a base currency different from your deposit currency could result in conversion fees, depending on the payment method used.
- FBS offers a cost-efficient trading environment, especially for FOREX and commodity traders, with commission-free trading on most instruments and no hidden fees.
- The calendar updates in real time and adjusts based on your time zone, so you don’t miss key releases.
Its infrastructure supports fast execution and runs on trusted platforms like MT4, MT5, and a proprietary mobile app. The FBS mobile app supports a two-step login process, providing an extra layer of protection for user accounts. FBS offers a flexible trading experience through MT4, MT5, and its proprietary FBS Trader mobile app, all of which support major asset classes and fast execution speeds under 30 milliseconds.
The platforms are intuitive and user-friendly, making them accessible for both beginners and experienced traders. Clients can choose among MT4, MT5, and the broker’s own FBS Trader mobile app. FBS offers a competitive and transparent fee structure that makes it appealing to both beginners and active traders.
Connect and grow with thousands of enthusiasts and professionals in the Forex trading industry. Receive daily VIP Analytics with essential news, trade ideas, and expert insights from FBS. Next to all these advantages, FBS further offers multiple bonuses and promotion packages, such as welcome bonus or cashback rewards. How can someone go long with such an app?
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