FBS Review: Scam FX Broker? This You NEED to Know

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– TIMESTAMPS –
0:00 Intro
1:16 FBS Safety / Regulation
2:00 Asset Coverage
3:00 Spreads & Commissions
3:37 Deposit / Withdrawal Fees
5:00 Trading Platforms
5:46 Customer Support
6:20 Bonuses & Competitions
6:45 VPS
7:05 Conclusion

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โ–บ Overview ๐Ÿ“

FBS is a Forex and CFD broker that is based in Belize and was established in 2009.

They offer trading on a number of instruments with leverage all the way up to 3,000:1! This is through the use of both STP and ECN accounts.

FBS has over 12 million accounts in 190 countries although there are restrictions on certain countries.

They are regulated by the IFSC and CySEC in Europe. The latter is way more reputable and offers traders a number of protections.

They also have negative balance protection on their STP accounts.

Asset coverage is on the low side and they only have 4 cryptocurreny assets and one commodity asset.

Leverage is a max of 3,000:1 on their forex accounts although the max that you will achieve depends on the type of asset traded and the size of the position.

Crypto leverage is quite low at only 3:1.

FBS spreads are really quite low and on the ECN accounts you will get 0 pips on some major forex pairs such as EURUSD.

Lot commissions will also have to be paid on the ECN account and this is between $6 and $12.

There are no deposit fees although you may have to pay a slight withdrawal fee.

You won’t be able to fund your account with a wire though as this is not an option at FBS.

There are 5 account options at FBS and 4 of these are STP Accounts as well as an ECN account. The minimum funding for any of these accounts is $1 on their “Cent” account.

There is also a fully functional demo account that you can make use of.

FBS uses the MetaTrader trading platforms including the MT4 and MT5.

You can use the MT5 & MT4 mobile apps or you can use FBS’ own mobile trading technology.

Customer support is reasonable with live chat, a callback number and Viber / Telegram channels.

There are an extensive array of bonuses and other goodies at FBS like competition and raffles.

There is also additional trading tools such as a VPS and trading signals. Educational resources are also extensive.

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โ–บ Warning!! โšก๏ธ

Trading CFDs is very risky. Make sure that you practice adequate risk management to protect your account. These include stop losses, leverage limits and money management practices.

โš ๏ธ * The exclusive additional $100 bonus is on top of Bybitโ€™s regular $90 bonus. It is triggered with a 0.2 BTC deposit and will be credited to your account within 72 hours.

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โ–บ Disclaimer ๐Ÿ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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