Home Broker Review FBS Review

FBS Review

FBS

FBS is a Forex broker and international financial and investment service domiciled in Belize with branches in Indonesia, China, Egypt, Vietnam, Malaysia, Kuala Lumpur, Philippines and Russia. FBS has won many awards including the Best ECN/STP Forex Broker 2015, Best execution 2014, Best Broker in Asia 2014 and others. Today FBS offers trading more than 100 trading symbols: 90 currency pairs, 6 metals and CFD. FBS was founded in 2009 and is regulated by CRFIN, IFSC.

Accounts

At the time of this FBS review the brokerage offered five different trading accounts.  The Cent account requires a minimum deposit of $1 and allows you to gain the necessary trading experience on the real account with minimal risks. You can trade using any robots and strategies without any restrictions. Leverage is 1:1000 and there is a floating spread.

Bonuses

There were several bonuses available when doing this review. Anyone opening a “Cent” account with receives a free $5 bonus. In addition, for every deposit into any of the accounts traders can get up to a 100% bonus

An addition $15 per transaction is offered as a “Self-Rebate” which includes daily guaranteed payments, quick and convenient withdrawals without restrictions and includes a Self-Rebate even for losing trades.

What makes this promotion interesting is the calculator that accompanies the offer. By entering the average total volume for transactions in the table, traders can see exactly what their rebate will be.

It wasn’t clear from the conditions set out on the site whether the “Lot of Apples” promotion which began on September 16th, 2014 is still running. But if so, traders can win a prize such as iPhone Plus just for placing a trade. Further information on how this worked was not provided.

Just ending at the time of this review was a competition for users of the FBS demo account. The goal here was to finish with the highest balance which 5 top prizes totaling $1,000.

With the ‘Super Trader’ contest, real account holders can win 10$ per each traded lot in addition to some cool gadgets such as the Samsung Galaxy Note Edge, the Samsung ATIV Book 8Samsung and the Galaxy Note 10.1.

Deposit & Withdrawal

Accounts can be funded in a variety of ways such as bank wires, credit cards, WebMoney, Neteller, CashU and a number of other online payment schemes.

For “Cent” accounts, the minimal deposit is 1 USD; for “Micro” accounts, 5 USD; for “Standard” – 100 USD; for “Zero Spread” – 500 USD; and for “Unlimited” – 500 USD.

The minimal withdrawal amount for bank wire is 50 USD; for all the other payment systems it is 1 USD.

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