Founded in 2009, FBS is an online forex broker which quickly gained momentum and still maintains a sterling reputation amongst traders, achieving a steady rate of new membership of 7,000 daily, even a decade later. Forex isn’t the only market that FBS provides for its membership of over 13 million traders, with CFDs, stocks, and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.

In over 190 countries, FBS instills confidence among traders thanks to strict regulation from CySEC and the IFSC, and rock-solid trading foundations built on a hybrid Straight Through Processing and Electronic Communications Network model.

FBS Account Types

The FBS broker offers 4 account types to their customers and traders. Cent Account is created for beginners to facilitate their introduction to the Forex market. This means that they can deposit very small amounts (e.g. $1) and are given access to try out the platform, the currency pairs, and the market in general. If you have spent a reasonable amount of time on the Cent Account and think that you are ready for real business, register with the Standard Account. This account is for more experienced traders. Another account that is good for, and recommended to, beginners is the Fixed Spread Account. This is a great option for other traders as well who want to play safe not risking too much of their investments. Fixed spreads mean that the spread remains the same, regardless of what happens in the market (at least most of the time). The last account, i.e. the unlimited account is mostly suitable for professionals and investors.

  • Cent Account available for beginners ($1 minimum deposit)
  • Standard Account for more experienced traders
  • Fixed Spread Account for risk-averse traders
  • Unlimited Account for experienced professionals and investors

Trading instruments

Forex broker offers the following underlying assets for trading.

30+ Currency PairsBased on major and minor world currencies.
4 Indice CFDsBased on baskets of different blue-chip stocks.
4 Metal CFDsBased on Gold, Silver, Palladium and Platinum.
2 Energy CFDsBased on Crude Oil (WTI, Brent).
40+ Stock CFDsBased on shares of US companies.

Commissions and Spreads

This broker does not charge any commissions or fees on trade. Instead, they charge spreads. This means that they add an additional spread on a currency pair. How wide the spread gets, depends again on what account you use. Standard accounts start with a minimum spread of 1 pip. For the unlimited type of account, the spread starts off with 0.2 pips. These spreads are floating spreads in both cases.

Educational Material

The education section at FBS is well-structured and well-organized, and all material is free. Education is split into five sections:

  • Forex Guidebook – the core of the education section, this is one of the better guides to Forex trading we have seen. It is split into chapters for Beginner, Elementary, Intermediate, and Experienced traders. This guidebook will be useful in some form for almost all readers.
  • Tips for Traders – a frequently updated blog with useful posts covering various aspects of trading in an erudite and informal format. Recent blog posts include Triple Screen Trading Strategy and Bill Williams Fractals Indicator.
  • Webinars – includes a schedule and register of upcoming webinars. FBS holds webinars weekly from its office in Moscow, and registration is a simple procedure.
  • Video Lessons – as you would expect, this is a collection of short videos covering various aspects of Forex trading – good for those who prefer watching to reading, but not as comprehensive as the Guidebook.

FAQs

Is FBS regulated?

Yes, our review of FBS found that the broker is regulated and licensed by CySEC, which ensures regular reporting, transparency, and fairness for EU clients. For those trading outside the EU, it is regulated by the International Financial Services Commission of Belize (IFSC).

Can you withdraw FBS bonus?

Yes, if you are trading from a country that allows a bonus from FBS, it can be withdrawn after two lots are traded and profit reaches $25. To withdraw, proper account registration and verification is required too. This means supplying FBS with proof of identification and address.

What is FBS account?

FBS offers two live trading accounts (Standard and Cent) and two demo account types (Standard and Cent). There are zero commissions on trades, leverage of up to 1:30, and spread starting from 1 pip. Standard accounts are available with a €100 initial deposit, whilst Cent accounts start from €10. Swap-free accounts are also available.

How long does FBS withdrawal take?

Withdrawal times at FBS depend on which method you are using to receive your funds. All withdrawals are processed by the broker within 48 hours on business days. E-wallet and crypto transfers are processed within minutes, whilst wire transfers can take up to 48 hours.

What is the minimum deposit on FBS?

Minimum deposit limits at FBS depend on the account type you have selected. For international clients, there is a micro account that allows deposits from $1. For European clients, the lowest entry point is the Cent account at €10. Standard accounts require a minimum deposit of €100.

The trading mechanics in the forex market is quite similar to stocks in that prices fluctuate based on supply and demand, bid and asking prices. The major differences between them is the number of trading alternatives available. Forex market has very few compared to the thousands found in the stock market. The majority of forex traders focus their efforts on several different currency pairs, which include EUR/USD, USD/JPY, GBP/USD, USD/CHF and commodity pairs, USD/CAD, AUD/USD, NZD/USD. This makes currency trading easier to follow instead of having to pick between thousands of stocks to find the best value, the only thing forex traders need to do is to keep up to date on the economic and political news of these countries.

In a declining stock market, it is only with extreme ingenuity and luck that an investor can make profit. It can be difficult to short-sell in the US stock market because of strict rules and regulations. On the other hand, forex offers the opportunity to profit in both rising and declining markets easily because with every trade, you are buying and selling at the same time, and short-selling is, therefore, a part of every trade. Forex market is so liquid, traders are not required to wait for an uptick before they are allowed to enter into a short position, as in the rule in the stock market.

As the liquidity of the forex market is high, margins are low and leverage is hight. It is just not possible to find such low margin rates in the stock market, most margin traders in the stock market need at least half of the value of their investment available in their margin accounts, whereas forex traders need as little as few percents. Commissions in the stock market tend to be much higher than in the forex market. Traditional stock brokers ask for commission fees on top of the fees that have to be paid to the exchange. While forex brokers take only the spread as their fee for each trade.

As for investors like you and me, day trading in stocks and forex share a lot of the same stresses – being constantly plugged in, watching news and price action and so on.

When people refer to Forex trading being riskier or more difficult than stock trading, they usually mean that it is more difficult than buying and holding stocks (apples to oranges comparison).

Forex trading might involve more time sensitive decisions rather than a single analysis and then making a long-term investment. However, this is a bit untrue as fundamental forex traders may keep a position for weeks or months, checking it rarely. They have this luxury because they usually use less margin than forex day traders.

In summary, forex trading has better opportunity being 24/5, simplicity as the limited number of major currency pairs, higher liquidity over stock markets, and if you are in the margin game, the potential is way higher than a stock market.

Again, advertising my favorite forex investment tool that gained me thousandssss. You could consider or continue using your own tools if you already have one.