"FBS" is a notable vendor that is gaining in popularity because of the account type, rich bonus system, and NDD system that allows orders of 95% or more to be executed within 0.4 seconds.
- FBS Safety
- FBS Reviews and Reputation
- Features, Pros and Cons of FBS
- From opening FBS account to withdrawal
- FBS Terms and Conditions
- FBS Trading Tools/ Apps
- FBS Customer Support
- FBS Information Service
- FBS Campaign Bonus
Financial license exempt and Trust preservation system
|Operating company |
|FBS Markets Inc (Belize)|
Foreign account of FBS is strictly monitored by the financial license of IFSC (International Financial Services Commission) in Belize and CySEC (Cyprus Securities and Exchange Commission) in Cyprus to strictly monitor compliance with laws and regulations. Because of that, it can be said that the credibility is very high.
Reliability of the FBS group itself is high and the best FX broker, Indonesia, Best FX broker and Southeast Asia, Best FX broker Thailand, and best international FX broker, because it has also won numerous awards, impeccable blue-chip companies as a broker It can be said.
FBS Reviews and Reputation
Next, let's look at some of the word of mouth and reputation for FBS.
Divided evaluation due to great number of users
On the largest FX bulletin board "FPA (Forex Peace Army)", FBS is a fair evaluation with ""
The number of low and high-rated comments is very high, and you can see that they are used worldwide. As it is a matter of gain or loss, there is no choice but to have a certain number of low ratings in any good company.
However, surprisingly, each one of the comments is accompanied by a polite reply from the FBS official account as follows, and comments with low ratings are replied to with suggestions to resolve the issue.
It is surprising that customer support extends to such boards as well.
Since FPA is a very influential bulletin board, it seems to be a measure that is aware of its reputation, but it seems that such a response can not b easily written if it is a SCAM trader.
Features, Pros and Cons of FBS
|Account Creation |
|Transaction fee||Free||From $20 one way |
(Per 100,000 currency)
|$6 one way |
(Per 100,000 currency)
|Spread||Variable system||Principle fixed |
|Transaction form||NDD STP||NDD ECN|
|Leverage||Up to 3,000 times||Up to 1,000 times||Up to 3,000 |
|Up to 500 |
|Currency pair||37 stocks||36 stocks||31 stocks||25 stocks|
|1,000 currency |
|50 million currency (500 Lot)||10 million currency (1,000 Lot)||50 million currency |
|Order method||One click, Market, Limit, Stop limit IFD , OCO , IFO|
|Computer||MT4・MT5: Download type (Windows・Mac) |
MT4・MT5: Browser type(Windows・Mac）
|Deposits and |
|Initial deposit |
|Withdrawal fee||Varies by method|
Up to 3,000 times leverage ! FBS is specialized in micro-transactions industry
First of all, FBS 's greatest feature is its excellent leverage in the industry, which is up to 3,000 times the standard and zero spread accounts.
The cents account has a maximum leverage of 1,000 times, but since the minimum deposit amount is 1 dollar and the bonus is substantial, it can be said that it is the most suitable vendor for small value transactions on the whole.
However, the currency pair is as small as 37 stocks (depending on the account type) at the maximum, and the swap is not so suitable for long-term trading as it is quite disadvantageous.
Many of the benefits of FBS have features that make it easy to fall into gambling with no money.
It's good to start Scalping Day Trading with a small amount of money, but avoid only trades that repeat loss cuts and additional deposits.
This is a pitfall only for loosely regulated foreign companies, so it is a question of trader's control and planning. In particular, be careful about 3,000 times the leverage of FBS.
The following is a brief summary of the features of the FBS account types, so please refer to them.
Concerns to unique to the FX trader has been cleared for now
Deposit assets of the account, the assets of FBS are clearly separated management, as well as any chance FBS goes bankrupt, funded by trust conservation system will received full refund.
Trading tools are available for both MT4 and MT5.
Since the zero cut system is also adopted, FBS bears the negative balance even if the account funds become negative due to rapid market fluctuations.
Deposits and withdrawals are easy and there are no reports of outstanding withdrawal problems.
Since FBS is a major user with many users worldwide, it is highly reliable, and it can be said that the uneasy part in using the FX company has been cleared for now.
Be careful when opening an account for bonus purposes
"FBS bonus is very generous!" is often said in word of mouth, but please be aware that you may not be able to withdraw money even if you earn a great deal because it is variously tied.
If you are a highly experienced person, you can also use the bonus to increase your military funding.
However, novice beginners can only benefit from certain bonuses.
In addition, in order to withdraw the benefit from the bonus, it is also necessary to make a normal transaction to clear the conditions for withdrawal of the bonus.
Even if you win with a bonus, it makes no sense to lose a regular transaction to withdraw the profit.
In some cases, it is possible that "it would have been better to trade normally without bonus," so be sure to keep this in mind if you are thinking of opening an account with a bonus.
For more details, we will explain later in the "FBS Campaign Bonus", but keep in mind that the bonus is "a trader's feed" to guide you to open an account.
From opening FBS account to withdrawal
The only document required is identification
Please prepare an "image data of identification card" before opening an account.
The ID card is valid for an ID card such as a valid passport or a driver's license issued by a public organization.
The procedure for opening an account is as follows.
Account opening procedure
mybitwallet is recommended for deposit and withdrawal
|Method of deposit and withdrawal||Supported
|Bank transfer||5〜7 Business
Deposit and withdrawal methods are common among FX vendors.
Bank transfer takes 5 to 7 business days to reflect the account.
Although the deposit fee in FBS is free, please be aware that the fee incurred at a financial institution is due at your own expense.
Using credit card/mybitwallet is recommended as the fee for deposit and withdrawal can be kept low and the reflection time is swift.
However, be careful that the payment method and payment method of FBS must be the same.
Here is a brief description of how to deposit credit cards, bank transfers, and mybitwallet with many users.
FBS Terms and Conditions
Maximum currency pairs is 37
The type of currency pair depends on the account type.
Standard account has the most 37 stocks, cent account has 36 stocks, zero spread account has 31 stocks, and ECN account has the 25 stocks.
Also, depending on the account type, you can trade CFD and virtual currency as well as foreign exchange.
|Foreign exchange||CFD||Virtual currency|
If deciding factor is the spread or fee, see Standard/ Cent/ ECN accounts
Standard accounts and cent accounts have almost the same variable spreads and are generally wide, so they can be considered as safe.
An account with a fixed spread in principle is a zero spread account. However, the zero spread account is, as the name suggests, the spread for all currency pairs is 0 pips , but be aware that the transaction fee is set very high.
ECN account, spread is surprisingly wide, will incur transaction fees at one-way 6 US dollars (per 100,000 currency).
Therefore, if considering the spread commission, it comes down to three options: Standard account, cent account or ECN account. Then, let's choose a trading account in considering of the transaction form and maximum leverage initial deposit amount.
For simplicity, we compared the total cost, including spreads and transaction fees, with other major overseas vendors.
the currency pair
Swap is cheap and is not suitable for long-term trade
Zero cut recruitment and no margin call
In FBS, the margin call is activated at a margin maintenance rate of 40% and the loss cut is activated at a margin maintenance rate of 20%.
Because the zero cut system is adopted, if the loss cut is not in time and the account funds have become negative, the negative balance will be compensated entirely by FBS.
FBS Trading Tools/ Apps
There are two types of trading tool: "MT4" and "MT5"
Trading tools are two types of "MT4", "MT5".
Both allow discretionary trading and automatic trading by EA (Expert Adviser).
There is also a smartphone app, which is useful for trading on the go.
However, "MT5" only supports "cent account" and "standard account".
It is necessary to select "cent MT5 " or "standard MT5 " when opening an account.
In addition, in this two MT5 dedicated account, please be aware that CFD can not be traded.
For the specifications of MT4 and MT5 , please refer to the article here.
FBS Customer Support
Customer support, there are two types of e-mail and live chat, office hours are weekdays 15:00 to 24:00.
Customer service is very polite and very humble.
FBS Information Service
Daily delivery of the full market information
FBS is active in distributing information about the market.
Some foreign exchange news, daily market analysis, foreign exchange TV, economic calendar, etc. may not be localized, but all can be used free of charge.
There are also free seminars and video lessons for beginners.
FBS Campaign Bonus
Strict withdrawal conditions on the benefits issued from the bonus
Bonus system of the FBS,
- Bonus only account
- Deposit bonus
- Cash back
It is classified into 3 types, and none of them are eligible for ECN account.
However, since there is very severe bonus terms and conditions, payment conditions, few people of beginners and funds, proceeding with an advantage using the bonus of ①② is, in my opinion.
If you do not understand this condition well, misunderstandings such as "Can't withdraw money!" or "It's a fraud!" are likely to occur, and some may even say, "It is better to trade normally, not using a bonus."
In the case of FBS, it is recommended to utilize the ③ cash back option while continuing regular trading using one of the non-ECN accounts.
Bonus only account
You can start trading without making a deposit by opening the following 2 types of bonus dedicated accounts (bonus receiving and trading dedicated accounts using bonus) separately from the standard standard account and cent account.
- Bonus USD $50 account
- Bonus USD $123 account
These bonus only accounts each have different in terms of transaction from regular accounts.
Also, please be aware that the profits you earn in the bonus dedicated account can not be withdrawn unless you meet certain conditions.
Bonus If you open a $ 50 account, you will receive a $ 50 transaction bonus.
- Leverage is 500 times fixed
- Other terms and conditions are the same as standard account
- Only trading tool available is MT4
- Bonus is 50 US dollars
- Bonus Only available in the Bonus USD $50 account
- No expiration date
- The upper limit of the profit 500 US dollars
- Able to add payment
- Withdrawal conditions is that profit is above 2 Lot transaction + is $25 or more
In other words, "we will give you $50 to use for trading, but you cannot make more than $500 in profit".
The terms and conditions of trading are fixed at 500 times leverage , and the other terms are the same as standard accounts.
The benefit created by using $50 is limited, so additional payments will eventually be required. Also, the maximum profit is set at $500.
If you don't want to be bound by just $50, you should trade in a regular high standard leveraged Standard Account.
When you open a bonus USD $123 account, you will receive 123 US dollar transaction bonus.
- Leverage is 2,000 times fixed
- Other terms and conditions are the same as standard account
- Only trading tool available is MT4
- Bonus is 123 US dollars
- Profit can not be used in the transaction
- There is an upper limit to profits
- Bonus expiration date is 7 days
- Deposits and withdrawals, transfers of less than 7 days cannot be made
- Account balance will reset if bonus is not used after 7 days, can only store profits, account type will be changed to a normal standard account
- The conditions for profit withdrawal is "Total number of trades in the previous month excluding ECN account Lot number x 3"
In other words, there are extremely strict rules where "funds are only $123 ", "the trading period is only 7 days", and "a withdrawal condition of profit is the total number of lot trading lot of the previous month except ECN account x 3".
By the way, I can only deal the $123 received at 2 Lot (if leverage is 2,000 times or EUR/USD is $1.17).
Besides, this account does not allow additional payments.
You have limited profit put out in 2Lot, because you can only withdraw 6 US dollars worth in 2Lot, even if it becomes profitable to some extent in 7 days, in order to withdrawal the entire amount, it is necessary to earn the number of Lot in addition to the normal account.
In other words, it is a system where you can not profit by using only the bonus $123 account and leave.
By taking advantage of the 100% deposit bonus, it is possible to double the transaction funds.
There is no special bonus account, and we usually make a request to apply a 100% deposit bonus to the account.
However, please be aware that sending this request will automatically limit the account to 500 times its leverage.
- Bonus grant amount is 100% of deposit amount
- Leverage is limited to a maximum of 500 times
- Bonus maximum 20,000 dollar and allows full withdrawal of bonus and profit
- Bonus of withdrawal is possible only if it meets necessary transaction Lot number (total bonus amount / 3)
For example, if you deposit $900, you will receive a $900 deposit bonus, and you will be able to withdraw all the bonuses and benefits.
However, in order to withdraw the bonus itself, it is necessary to trade over 300 Lot.
In other words, if the trading volume can continue to make a profit, it is a very good deposit bonus, but if the trading volume is low and only the additional deposit is done, the bonus that can not be withdrawn will accumulate.
If you want to return to a normal account, you will need to reach out to the support center separately.
Depending on the transaction volume, you can get up to $15 cash back per Lot.
There is no bonus only account.
- Profit-taking, the loss cut, both offers cash back
- Cash back amount depends on the currency pair
Using this method is very easy, just click on the account name on the dashboard of My Page to display the details screen and check the cash back box.
The cash back amount depends on the account type and currency pair.
Ample lottery and campaign contests
Other than bonus, FBS is very active in returning to traders, and depending on the number of deposit and trading lot , it will offer rewards such as iPhone X/ T-shirt /luxury car or invite to the trader party held abroad, and is very extravagant.
They also offer a free forex trading book and contests for betting money on demo accounts as well.