FBS: Your Trusted Online Broker

July 25, 2020
Brokers
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FBS offers you through its investment portal currencies, metals, stocks and CFDs that you can trade with various types of accounts. FBS offers several trading platforms to operate in the markets. In addition, the investment platform allows you to CopyTrading, so that you can complement your investment strategies. If you are a beginning trader or you are already an experienced investor looking to diversify your capital through different investment accounts, FBS offers you very good services.

It is true that FBS is a broker that has good characteristics in several aspects. But, we strongly believe that Capital.com is the best online trading platform because is one of the easiest and cheapest ways to trade CFDs on equities, commodities, indices, Forex pairs and cryptocurrencies anywhere in the world. Capital.com offers you zero fees on intra-day trading, a lightning-fast web platform and their proprietary Negative Balance Protection. Also, Capital.com gives you the best chance at financial success with a clean, easy-to-use interface.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with FBS and scored our findings on a 10-point scale across 10 distinct categories.
Fees 1
Signup Process 9
Minimum Deposit 10
Ease of Use 9
Deposit & Withdrawal Options 8
Customer Support 10
Asset Classes 3
Referral Program 0
Demo Account & Educational Resources 8
Safety & Regulation 8
Total 66

What Is FBS?

FBS is an international broker founded in 2009 and has a presence in more than 190 countries. Also, FBS’s activities are regulated by the IFSC (International Financial Services Commission), which makes this a reliable broker due to its being framed within international financial laws. It is important to note that citizens of all countries, with the exception of the USA, who are at least 18 years old can become FBS clients.

FBS Pros & Cons

Pros

  • 24/7 qualified support.
  • Any expert advisor and strategy are allowed.
  • There are no trading commissions for Forex.
  • You use Metatrader 4, Metatrader 5 and FBS as trading platforms.
  • CopyTrade is available for traders and investors.

Cons

  • There are commissions for the withdrawal of funds.
  • There are trading commissions for stocks.
  • The supply of financial instruments is limited.
  • The app offers limited analysis tools.

FBS Account Types

FBS offers you several types of accounts:

  • Standard Account: For experienced market players making their way to Forex heights.
  • Cent Account: Perfectly suits those who are just starting on their way to success on Forex.
  • Micro Account: Ideal for those who want to calculate their profit precisely.
  • Zero spread Account: Designed for those who prefer trading at the fastest speed.
  • ECN Account: For those who want to feel the full power of trading with ECN technologies.
Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 FBS Fees

You will not pay trading fees when you trade with Forex or metals. But, there is a trading fee in the case of CFDs and stocks. In general, you will pay a minimum commission of $25 USD when trading CFDs and $3 USD when trading stocks. As for the minimum deposit, spread and trading volume, FBS offers you different parameters for each of the types of accounts that you can open in the broker:

 StandardCentMicroZero spreadECN
SpreadFrom 0.5 pipFrom 1 pipFixed, from 3 pipsFixed, 0 pipFrom   1 pip
Order volume0.01 – 500 lots0.01 – 1,000 cent lots0.01 – 500 lots0.01 – 500 lots0.1 – 500 lots

In addition to the fact that there are spreads when you invest in FBS, you will also have to pay commissions for each instrument with which you want to trade on the platform. One of the ways in which you can generate money is by saving in commissions, for this reason, the broker is not well qualified in this category.

FBS Fees Score: 1/10

#2 FBS Signup Process

The account opening process is completely digital and it won’t take you more than a day. You just have to follow the steps below:

  1. Start the process of opening your account

    Click the link “open live account”

  2. Upload your information

    Enter the data required for account registration

  3. Open an account

    Click the button “open an account” and enter the single-mission password sent to your e-mail

  4. Verification process

    To comply with the verification process you should add personal information as follows:

  • Choose the verification section in your profile settings.
  • Fill in the necessary fields. Please, enter correct data, exactly matching your official documents.
  • Upload colour copies of your passport or government-issued ID with your photo and address proof in ‘jpg’, ‘jpeg’, ‘png’, ‘gif’ or ‘pdf’ format of a total size not exceeding 5 MB.
  • Click the button “send request”. It will be considered shortly after, the maximum time of consideration being 24 hours.
  • In case your request is declined, you will receive a notification to your e-mail address; the reason of decline will be stated in your personal area.

The broker loses 1 point in this category because you will have to wait a day to be able to verify yourself.

FBS Signup Process Score: 9/10

#3 FBS Minimum Initial Deposit

To be able to operate in FBS you must make a minimum deposit ranging from $1 USD to $1,000 USD depending on the type of account you want to open.

 StandardCentMicroZero spreadECN
Initial deposit$100$1$5$500$1,000

FBS has a low minimum deposit compared to other brokers. In fact, there is an account that requires only one dollar as a minimum deposit. This aspect is very favourable for retail traders. Therefore, the broker is very well qualified.

FBS Minimum Initial Deposit Score: 10/10

#4 FBS Ease of Use

FBS’s investment platform is Metatrader 4 (MT4). This platform is friendly and intuitive despite its advanced features. Furthermore, MT4 is the most widely used tool by traders in the world. You will be able to find a large number of charting options, indicators, and plotting tools.

These customization possibilities allow you to be much more efficient when analyzing and making the best investment decisions.

FBS's investment platform is Metatrader 4

FBS App

The FBS app version is very easy to use and provides good tools for monitoring your operations. But, keep in mind that the app is not a powerful tool for deep analysis of your investments.

FBS App

In the Google Play Store, the app has a score of 4.1/5 while in the Apple Store the app has a score of 4.5/5. This suggests that the mobile version of the broker is very well rated by its users. In addition, you can also use the MT4 app that has the same characteristics as the investment platform

You must take into account that to master all the analysis resources that MT4 offers, you must dedicate time and effort so that you can exploit to the maximum all the resources that this investment platform offers you. Although it is worth the effort, the broker loses points for the time it takes to adapt to the platform.

FBS Ease of Use Score: 9/10

#5 Deposit & Withdrawal Options

The withdrawal and deposit methods are the same. You can use the following alternatives:

  • Visa card
  • eWallets: Skrill, Perfect Money, Neteller and Sticpay

Take into account that there are withdrawal fees that will depend on the method you choose:

  • Visa: $1 USD fee and bank processing could take up to 7 days.
  • Neteller: between $1 USD and $30 USD. Usually, it is 2%.
  • Skrill: 1% + $0.32 USD commission.
  • Perfect Money: 0.5% commission.

Please note that due to withdrawal fees and few withdrawal alternatives such as deposits with checks or from other accounts the broker loses points in this category.

FBS Deposit & Withdrawal Options Score: 8/10

#6 FBS Customer Support

FBS provides customer support 24 hours a day, 7 days a week through

  • Callback service
  • Email: [email protected]
  • Live chat
  • Telegram
  • Viber
  • Facebook Messenger

Take into account that customer support is fast and the solution to problems or doubts is efficient and you can be attended in more than 15 languages such as English, Spanish, French, Portuguese, Indonesian, Malay, Vietnamese, Turkish, Urdu, Arabic, Hindi, Bengali, Thai, Chinese, Japanese, and Burmese.

The broker offers an excellent 24/7 service and quite a few languages. For this reason, FBS is well qualified in this category

FBS Customer Support Score: 10/10

#7 FBS Asset Classes

Stocks

It is possible to buy 40+ shares of the North American market such as, for example, McDonald’s, MasterCard, Microsoft, among others.

Currency Pairs

You can buy 20+ currency pairs. For example:

  • EUR/JPY
  • GBPCAD
  • AUD/CAD
  • EUR/GBP
  • EUR/USD

Gold

You can trade precious metals on FBS.

While it is true that FBS has a number of alternatives in most of the financial instruments it offers, unfortunately, you will not be able to invest in bonds, cryptos and ETFs. This factor reduces the diversification capacity of your portfolio and therefore the broker loses a significant amount of points.

If you are looking for a better broker in this regard, we can recommend “Swissquote” and “Capital.com” because they are brokers that are very well qualified in this category in our scoring system.

FBS Asset Classes Score: 3/10

#8 FBS Referral Program

There is currently no referral program on FBS. For this reason, it is impossible to be able to assign points in this regard.

FBS Referral Program Score: 0/10

#9 Demo Account & Educational Resources

FBS allows you to open a demo account. With a demo account, you can learn Forex market trading and master and test your own trading strategies.

Educational Resources

FBS organizes special seminars and events, providing its clients with training materials, cutting-edge trading technologies and the latest strategies in the Forex market. Both novice traders and professional traders will find these elements very useful. You will also find news and a calendar within the market research tools.

Educational Resources

The educational resources that FBS offers is good. However, there are other brokers such as Capital.com that offer a much more complete and varied educational resources.

FBS Demo Account & Educational Resources Score: 8/10

#10 Safety & Regulation

FBS is regulated by the IFSC (International Financial Services Commission), license IFSC/60/230/TS/19. This makes FBS a reliable broker due to the fact that it is framed within international financial laws.

FBS Safety & Regulation Score: 8/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

FBS vs. Capital.com

Being a winning trader requires a solid investment plan. Take into account that the stock market is a world that is constantly changing and for this reason your strategies must adapt to the movements and innovations of the market. We recommend that you choose a broker that is your ally and that allows you to fully exploit your profits.

In this sense, this broker must allow you to diversify your portfolio internationally with the range of financial instruments that it offers and that also saves you hundreds of dollars in commissions. In this section, you will find a comparison between FBS and Capital.com. After an in-depth market study, we consider that your best ally is Capital.com for the following reasons:

It has the best fees

Capital.com doesn’t charge any fees on any asset that you trade: stocks, commodities, cryptocurrency, indices, forex, ETFs, or anything else. It doesn’t charge monthly or annual fees, inactivity fees, or deposit or withdrawal fees, either. It also offers tight spreads on trades, unlike other zero-fee brokers, who make their money on wide spreads. Capital.com only makes money on the overnight fees on leveraged trades, so if you trade without leverage, you’ll never pay any fees.

The Best Investment options

FBS has a good number of financial instruments that you can invest in. However, Capital.com offers you several possibilities because on its investment platform you will be able to access a greater number of CFDs. This feature is really important because with Capital.com you will be able to have a greater capacity for diversification when building your investment portfolios.

Capital.com Has Referral Program

FBS does not have a Referral Program that allows you to earn bonuses so that you can gradually increase your capital. In contrast, Capital.com offers you a Referral Program that will allow you to earn $25 USD for each person you invite to invest in this wonderful investment platform.

Do You Need Expert Help?

Do You Need Expert Help?

Definitely yes! Take into account that you should always analyze to make the best decision. In this sense, you should complement your investment ideas with the recommendations of a qualified advisor. We suggest our post “Capitalist Exploits: A Measured Approach To Achieving Asymmetric Returns“. There you will learn much more about investing and get great recommendations.

Below you can see a summary table with the main features of Capitalist Exploits:

CharacteristicsCapitalist Exploits
How do they select investments?Capitalist Exploits seeks investment opportunities worldwide through in-depth analysis, market research, and investment networks.
The team looks for the best investment opportunities in different sectors, industries and global markets.
Then they determine if the opportunity can be safely seized. After identifying opportunities, they estimate the risk associated with each investment to select the best risk-capital ratio.
The next step is to identify the most appropriate way to allocate capital in each scenario. In this way, investors can adapt to possible changes.
Are the recommendations diversified?Yes, they provide a high level of diversification because Capitalist Exploits seeks investment opportunities worldwide in and out of the stock market.
Do they help you analyze each recommendation?Yes
Do they generate free content?Yes, the company offers free content and a blog with highly relevant podcasts and opinion pieces. Capitalist Exploits also offers a private Telegram channel called “Hedgies Uncut”. There, hedge fund managers discuss their investment positions and ideas.
What type of investor is it for?Anyone with any level of experience or geographic location can use the service. It is ideal for both long-term and short-term investors who are looking for investment opportunities in and out of the stock market. For example, shipping, energy, natural resources, Bitcoin and many more.

In Summary

  • FBS is an international broker founded in 2009 and has a presence in more than 190 countries.
  • FBS offers you several types of accounts.
  • You should not pay trading fees when you trade with Forex or metals. But, there is a trading fee in the case of CFDs and stocks.
  • To be able to operate in FBS you must make a minimum deposit ranging from $1 USD to $1,000 USD.

You can choose FBS if you are interested in a broker that offers you an easy-to-use platform and quick sign-up process with just a dollar as a minimum deposit for one of the accounts it offers.

Although FBS is well-rated in several categories such as the signup process, minimum deposit, and ease of use, we believe that the FBS platform could perform better in several respects. For example, you could improve the asset class, recommendation program, and fees. In all these points Capital.com is superior. If you are a beginner or experienced trader you will see that this wonderful broker is an ally that will allow you to exploit your capital gains to the maximum.

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