FBS is one of the most famous forex brokers in the recent market. It has strong payment system that is very useful for traders, great service from customer support team and various account types for traders. What more to tell about FBS? This article will be showing more details about some main features of FBS reviews for your consideration.
Regulations
FBS has strong and reliable regulations system and here they are. The very first is CySEC, which is Cyprus Securities and Exchange Commission and regulates FBS under the registration number of 353534. The next one is IFSC, which stands for International Financial Services Commission, and also regulates FBS under the number IFSC/60/230/TS/18. They are all the important and popular licenses that are provided by the trusted regulatory agencies. For IFSC, this agency was established in 1999 and has been working now to manage and supervise all financial services providers in the Belize financial industry.
Reliability
How do you check if a broker is trusted or not? It is simple that we just check its reliability and see how famous and popular it is. For FBS, it is one of the most famous forex brokers since it has many important awards. It won numerous awards such as as “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”. It also got the prize from Indonesian Government for disaster relief work in 2017, which is very significant. With all those awards, FBS has become the most enthusiastic socially responsible broker in the world.
Account type
To serve many kinds of traders, a great broker should have many account types which are suitable for each trader. Therefore, FBS offers 4 different types of account, which are Cent Account, Standard Account, Zero Spread Account and ECN account. Each of them also has the common and different features that are shown as below:
Cent account:
- Minimum deposit: $1, similar to Exness minimum deposit
- Spreads: floating
- Commission: No
- Leverage: 1:1000
- Execution: Market
Standard account:
- Minimum deposit: $100
- Spreads: floating
- Commission: No
- Leverage: 1:3000
- Execution: Market
Spread account:
- Minimum deposit: $500
- Spreads: fixed
- Commission: yes
- Leverage: 1:3000
- Execution: Market
ECN account:
- Minimum deposit: $1000
- Spreads: floating
- Commission: yes
- Leverage: 1:500
- Execution: ECN
Commissions & Spreads
As it can be seen above, FBS has 2 types of spreads: floating spread and fixed spread, which are very competitive. However, floating spread has the minimum of 0.2 pips at the beginning and fixed spread starts with 3 pips, which is relatively high.
Deposits & Withdrawals system
It is believed that FBS has the most effective and convenient payment system in the market. Indeed, its service with more than 70 different kinds of payment methods provides various ways for traders to execute their payments. In addition, there are not any other best forex brokers 2019 which could do this. Payment methods consists of major credit cards, bank wire transfer, and e-wallet.
In common, traders don’t have to wait for too long to finish their transaction with FBS. The payout time depends on which types of method you use. For example, it takes about 48 hours to pay with credit cards, but it is instant when you use e-wallet to pay.
Bonus & Promotions
Everyone likes bonus, so FBS has many forex bonuses to offer such as $50 welcome bonus, the Bonus 123 and the 100% deposit bonus. For promotion, it also has a promotion which gives chance to traders to win an iPhone X.
Customer Support
FBS has a comprehensive educational center and a detailed FAQ with superb customer service. It supports traders 24/7 online with live chat instantly, which is very convenient and helpful for traders who are in other countries.
Luis is all about making the complex seem simple. He distills knowledge from diverse fields into bite-sized, easy-to-digest pieces. Join him for practical tips, life hacks, and a friendly chat.
