After trading with many different forex brokers in forex market, I myself consider FBS broker as the best forex broker. In fact, FBS broker has been more prevalent in forex market in recent years since they offer their customers many perks. They offer traders some special programs such as welcome bonus. Today, I am going to review this FBS reviews and explain some reasons why traders should opt for this broker.
Regulations
FBS is in fact regulated by CySEC under registration number 353534. It is also regulated by the International Financial Services Commission (IFSC) of Belize under the license number IFSC/60/230/TS/18.
Reliability
In terms of reliability of FBS, FBS has achieved many awards in forex market such as “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 achieved one award from the Indonesian Government for disaster relief work in 2017. It can be proven that FBS is definitely a trusted forex broker.
Account Types
Trading accounts of FBS are quite incredible because they offer 4 types of accounts. Their accounts are Cent Account, Standard Account, Zero Spread Account and ECN account.
- Cent Account: Speaking of this account, we only have to deposit $1 as the minimum deposit. The account offers floating spread and commission-free trading. The leverage of this account is 1:1000. The account uses Market Execution of orders.
- Standard Account: The minimum deposit is $100 when it comes to this account. This account also has floating spread and commission-free trading. The leverage of this account is 1:3000, which is quite high. It uses Market Execution of orders.
- Zero Spread Account: You need to deposit $500 as the minimum deposit amount when you use this account. This account has fixed spread. You do not have to pay for the commission. The leverage of the account is 1:3000. The account uses Market Execution of orders.
- ECN account: The minimum deposit for this account is $1000, which is very high. The account offers floating spread and the commission is free. The leverage of the account is 1:500, which is quite low. The account uses ECn Execution of orders.
Commissions & Spreads
When it comes to trading costs, traders can pay through two types of spreads, which are fixed and floating spreads. The floating spread will begin with the minimum of 0.2 pip and the fixed spread will begin with the minimum of 3 pips.
Deposits & Withdrawals Options
In reality, payment method is regarded to be the most notable features of FBS because they offer traders more than 70 types of payment options. Their customers can use credit cards, bank wire transfer, and e-wallet in order to make transactions.
In terms of withdrawals of FBS, we also have more choices. The time of each withdrawal payout will depend on methods.
Bonus & Promotions
FBS is now offering customers some types of the best forex bonuses, which are $50 welcome bonus, Bonus 123, the 100% deposit bonus. Traders also will be able to have an Iphone X if they trade on FBS website.
Customer Support
Unquestionably, customer services are often considered to be the most vital factor when trading with a broker. It’s because traders should have a good understanding of forex market and brokers if they want to make profits. Therefore, the best forex brokers BRKV need to support them when they are in need. In fact, FBS offers traders a comprehensive educational center and a detailed FAQ, which are really important. Besides, they also enable traders to have online support, which allows traders to chat with support team 24/7 when they have troubles.