It is apparent that trading with a good forex broker will help traders gain many profits in forex market. After trading with many different forex brokers, I realized that FBS is one of the best forex broker with great promotional programs and others special offers. With the aim of helping traders find a good forex broker, I will review some notable features of FBS reviews, which help them have a profound insight into this forex broker.
Regulations
In general, regulations have always been a consideration for traders to choose a forex broker because brokers might face many difficulties when it comes to regulations. FBS is regulated by CySEC (Cyprus Securities and Exchange Commission) under registration number 353534 and the International Financial Services Commission (IFSC) of Belize under the license number IFSC/60/230/TS/18.
Reliability
Speaking of reliability, FBS has won many awards in forex market. It is obvious that the best forex brokers in the world will be more reliable if they can win some important awards in forex market. In reality, FBS won some famous awards like “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”. In addition to these awards, FBS also won one award from the Indonesian Government for disaster relief work in 2017.
Account Types
In reality, FBS offers their clients four types of accounts, which enables traders to have different options. Here are four types of accounts offered by FBS broker.
- Cent Account: When it comes to this account, traders only need to make the minimum deposit of 1$, which is very low. The account offers floating spread, while the commission is totally free. The leverage of this account is 1:1000. The account uses Market Execution of orders.
- Standard Account: This account requires traders to make minimum deposit of $100. The account offers traders floating spread, while the commission is free. Its leverage is 1:3000. The account also uses Market Execution of orders.
- Zero Spread Account: The account requires traders to make the minimum deposit of $500, which is relatively high. It offers traders fixed spread and commission-free trading. The leverage of this account is 1:3000, which is pretty high. The account uses Market Execution of orders.
- ECN account: This account requires traders to make the minimum deposit of $1000, which is very high. It offers traders floating spread and commission-free trading. The leverage of this account is 1:500. The account uses Ecn Execution of orders.
Commissions & Spreads
It is the fact that FBS broker offers traders two types of spreads, which are fixed and floating spreads. Fix spreads will begin with the minimum of 3 pips and floating spread will begin with the minimum of 0.2 pip.
Deposits & Withdrawals Options
Payment methods of FBS is considered to be one of the most distinctive feature because they offer more than 70 payment options, which allows traders to have different choices. Traders can choose some types of payment methods like credit cards, bank wire transfer, and e-wallet.
FBS also offers traders many different options when it comes to withdrawals. The certain amount of time required for a withdrawal payout will depend on the methods that traders are using.
Bonus & Promotions
When it comes to the best forex bonuses in 2019 and promotions, FBS gives their clients different types of forex bonuses such as $50 welcome bonus, the Bonus 123, the 100% deposit bonus. Traders in fact can have an Iphone X through a trading promotion from FBS.
Customer Support
Obviously, customer support has always been a vitally important factor that helps traders gain deeper understanding of forex market. It would be better for traders to opt for a broker who has good customer support. In fact, FBS offers their customers a comprehensive educational center and a detailed FAQ, which are very beneficial. Besides, they also offer traders live chat 24/7 in which enables traders to ask any questions when they are in need.