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Is FBS one of the best Australian Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

Now here's a real surprise broker that you may not have come across yet!

Founded in 2009 and headquartered in Belize, this true ECN and STP broker is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and has a lot to offer.

They have already won tons of awards, have clients in over 120 countries throughout the world and have established a sound customer base that currently exceeds 5 million traders.

FBS is extremely well represented in important regions across Asia and has offices in China, Thailand, Turkey, Malaysia, Indonesia, Lao, Myanmar and Egypt.

Clients are entitled to receive all sorts of promotions and trade Forex, metals, CFDs and four of the major cryptocurrencies: Bitcoin, Ethereum, Litecoin and Dash.


FBS

Our Rating

The overall rating is based on review by our experts

7.8 3.9 1
  • Reliability 7 / 10
  • Spread 9 / 10
  • Customer Service 7 / 10
  • Offers 8 / 10
  • Speed of Execution 8 / 10
  • Uptime 8 / 10

This post is also available in: deDeutsch itItaliano

FBS - Overview

Trading Conditions

  • Max Leverage
    3000:1
  • Platform
    MetaTrader4 MetaTrader5
  • Min Deposit
    $1
  • Spread
    From 0.0 Pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    VISA Mastercard Skrill Neteller PerfectMoney okPay Bitcoin Wire Transfer Bank Transfer
  • Welcome offer
    $123 free and 100% deposit bonus on all deposits
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin Ethereum Litecoin Dash
  • Headquarter
    Belize

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT FBS

In Summary


  • CySEC & IFSC regulated
  • True ECN broker
  • No dealing-desk intervention

FBS is the trading name of FBS Markets Inc., Parallax Incorporated, Tradestone Limited and is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC).

Overall, dealing with FBS is considered to be safe and secure, as the company goes a long way to ensure transparency and the safety of its clients' money.

FBS protects accounts from negative balance, while stop orders help to minimise risks.

Spreads Comparison

FBS
100
PEPPERSTONE
100
THINK MARKETS
80
OANDA
60
IC MARKETS
100
FXTM
100

CHARGES AND MARGINS AT FBS

In Summary

  • Spread mark-up or
  • Commissions per standard lot round-turn
  • Up to 3000:1 leverage

FBS offers a choice between six unique trading account types, each of which offers distinct advantages and features. Clients can select from MT4 and MT5, true ECN or STP account options.

Minimum deposits range from $1-1000 with a huge maximum leverage of up to 3000:1.

All account types, except its ECN account, support the following trading instruments: 35 currency pairs, 4 metals, 2 CFDs and 4 cryptocurrencies. The ECN account focusses solely on Forex trading and allows users to trade 25 currency pairs.

Leverage is up to 3000:1 on the Micro, Standard and Zero Spread accounts, up to 1000:1 on the Cent, and up to 500:1 on the Unlimited and ECN account options.  

FBS only charges commissions on two of its account types: The Zero Spread (from $20 per lot round-turn) and ECN ($6 per lot round-turn) accounts.  

A comprehensive comparison table of the different settings and features for each of FBS' account types is presented below:

TECHNOLOGY

In Summary

  • MT4 & 5
  • True ECN broker
  • Reliable trade execution

FBS clients are welcome to use the popular MT4 trading platform or can select its younger brother, MT5. Both trading platforms are available for all six account types.

Both platforms can be used with desktop computers, as mobile (Android and iOS) applications and web platforms compatible with the major operating systems.

Both MetaTrader platforms allow for a wide range of leverage and trade execution without requotes. The full set of MT's standard features are available, such as the use and implementation of expert advisors (EAs), micro-lot trading, one-click trading and an embedded news section. Technical analysis tools, including 50 indicators and charting tools with three types of charts, are at hand as well as the option for VPS service support.

FBS further offers an informative market analytics section that includes Forex News, Daily Market Analysis and Forex TV, a section with short videos of news and reviews about the world of Forex.

Execution of Speed Comparison

FBS
80
PEPPERSTONE
100
THINK MARKETS
90
OANDA
80
IC MARKETS
100
FXTM
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF FBS's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/7 customer support
  • Global presence with large client base
  • 6 account types to choose from

Customer support service at FBS is available 24/7, a significant advantage given that most other brokers only offer 24/5 support. Support is available in 19 different languages including Arabic, Chinese, Malay, Thai, Korean, Indonesian, Russian, Laotian, French, Italian and Portuguese. Localized support services are available for traders in China, Egypt, Indonesia, Korea, Malaysia, Myanmar and Thailand.

Worldwide, more than 5 million traders from over 120 countries have already chosen FBS’ services and registered a trading account with the company. The company has won tons of industry awards and is ranked as one of the top Forex trading providers in Asia.

Both new clients to FBS and established traders have access to the multitude of promotions and bonuses on offer. These bonuses and promotions include a $123 welcome bonus, 100% deposit bonuses and much more.

In addition to providing a news and info section, the company also offers in-depth insight and education on all Forex and trading-related topics. This includes webinars, seminars, videos, guidebooks for traders and much more. Both newbies and professional traders can significantly benefit from this wealth of insider information.

For the more serious or professional traders who have funded their account with at least $10,000 and traded a minimum of 50 lots, FBS offers an individual VIP approach through which clients benefit from consultations with a dedicated account manager, priority deposit and withdrawal processing, and gifts. 

All customers can choose between six distinct account types that vary in terms of leverage, minimum deposit amounts, starting spread levels and other features, as shown above.

The available trading products include 35 currency pairs, 4 metals, 2 CFDs and 4 cryptocurrencies.

Even though other forex brokers offer a more extensive portfolio of trading tools, FBS’ selection of trading tools represents a solid and sound variety that is especially beneficial for a more targeted trading approach that focuses on Forex and cryptocurrency trading. 

FOREX AND OTHER TRADING OPTIONS AT FBS

In Summary

  • 35 currency pairs
  • 4 cryptocurrency CFDs
  • 4 metals + 2 commodities

FBS offers 35 currency pairs, 4 metals, 2 commodities and 4 cryptocurrency CFDs.

At this stage, the only cryptocurrency CFDs that can be traded are Bitcoin/USD and Bitcoin/EUR.

FBS offers varying leverage of up to 3000:1, different funding currencies, micro-lot trading starting from 0.01 lots and ultra-low spreads of 0.0 Pips (with an FBS ECN or Unlimited account). All account types, except its ECN account, support the following trading instruments: 35 currency pairs, 4 metals, 2 CFDs and 4 cryptocurrencies. The ECN account focusses solely on Forex trading and allows clients to trade 25 currency pairs.

At this stage, the cryptocurrencies that are available for trading are Bitcoin, Ethereum, Litecoin and Dash.

SPECIAL FEATURES OF FBS

In Summary

  • True ECN broker
  • MT4 & 5 platforms
  • Tight spreads & leverage up to 3000:1
  • Promotions

FBS offers ultra-low spreads from 0.0 pips and high leverage of up to 3000:1.

Six account types to cater for the needs of all types of traders.

Most trading types, such as EAs, scalping and hedging are allowed.

Metatrader 4 and 5 are available as trading platforms on almost all desktop computers and devices.

FBS offers a special, individual client service to its ‘VIP’ clients that grants access to a personal account manager and additional features such as priority processing of deposits and withdrawals and gifts.

Excellent education and news information are provided in the form of seminars, webinars, Forex TV, etc. that are of benefit to both beginners and professional traders alike.

A welcome bonus, as well as ongoing promotions and contests, are offered.

Max Leverage Comparison

FBS
3000:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
OANDA
100:1
IC MARKETS
500:1
FXTM
1000:1

IN CONCLUSION

FBS is one of the world's leading online Forex brokers with a client base exceeding 5 million customers. This broker doesn't offer the most tradable instruments compared to other online Forex brokers but they do offer a decent selection for most types of traders. With six account options to choose from, formidable spreads, a huge maximum leverage of up to 3000:1 and NDD/STP processing FBS offers the sophisticated trader a very solid trading environment that we can highly recommend.