Finding an appropriate Forex broker can be rather challenging, as there are so many brokers to choose from. It is highly recommended to do some study before picking up the greatest broker for your demand. We are writing this FBS reviews to provide you with some information to compare with other brokers and make a good decision.
Firstly, you ought to know about the FBS broker. FBS is a global trading platform that entered the Forex market from 2009, so it can be considered as a well-versed in the Forex world. There are offices in a number of significant Asian countries. Plus, FBS has won some prestigious awards. Here are some main points why you should pick up FBS broker:
Regulations
There are many organizations in the market who provide financial services. The IFSC in Belize is the primary regulatory organization that regulates all the financial components of the company, and FBS is regulated by it under the license number IFSC/60/230/TS/18. Moreover, FBS is also regulated by the CySEC under the number 353534. This is good for the fame of FBS since the best forex brokers in the world are regulated by these organizations.
Reliability
The trust of a broker is one of the most crucial elements for traders to consider when choosing a broker to work with. As we mentioned above, the FBS broker has achieved some precious awards since it was formed. We can list out some rewards such as the “Greatest Forex Broker Southeast Asia” or the “Best Forex Broker Thailand”. Furthermore, the FBS also receive lots of positive reviews from existing clients. We can see how reliable FBS broker is from the achievements they have made.
Account Types
Each broker has different account types for traders to choose since it is very essential in the market. The FBS broker has four types of an offer for their clients.
Cent Account – This is an attractive proposition due to the reduced cost of trading.
- Minimum deposit: $1, just like Exness minimum deposit.
- Floating Spread
- No commission
- 1:1000 Leverage
- Market Execution
Standard Account – Suitable for a tradesman with some experience.
- Minimum place: $100
- Floating Spread
- Commission-free
- 1:3000 Leverage
- Market Execution
Zero Spread Account – Many professional traders find this account very useful although it has high deposit.
- Smallest deposit of $500
- Fixed Spread
- Commission-free
- 1:3000 Leverage
- Market Execution
ECN account
- Minimal deposit of $1000
- Floating Spread
- No commission
- 1:500 Leverage
- ECN Execution
Commissions & Spreads
As the table shown above, the FBS gives out fixed spreads and floating spreads. These ones are very low and appropriate for the industry. The starting fixed spread is at 3 pips, while the starting floating spread is smaller, at 0.2 pips.
Deposits & Withdrawals Selections
Next, we consider the payment techniques that the FBS broker offers. Remember that FBS is the only one gives out more than 70 payment types. Some of them are credit cards, bank wire transfer, and e-wallet. The funds are usually deposited in USD or EUR but also in THB as the account currency for Thailand.
To withdraw, there are as well many ways to choose and the most common methods are supported. The duration needed for a withdrawal requirement is based on the technique we choose. For credit cards, the longest time we have to wait is up to 48 hours. For e-wallets, it is immediately so you don’t have to wait.
Bounty & Programs
For Forex bonuses, the FBS grants many types so that clients can choose what they want. It includes the $50 welcome bounty, the Bounty 123, the 100% deposit bounty. Besides, the FBS broker also provides good dealing promotion in which customer can have such reward like the iPhone X.
Customer Support
FBS customer support is available in different languages and is designed to offer the most comprehensive support to clients from a majority of Asian, European, and Middle Eastern clients. The live chat feature is an excellent feature to get immediate assistance, and official correspondence can be made through emails or phone calls.