FBS Review

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Type: STP (Straight Through Processing) broker
Regulation: FSC of Mauritius
Headquarter: Port Louis, Mauritius
Established: 2009
Official Site: FBS

When you look for a forex broker to place your money on it, you’ll want two things from them: security and the best chance to grow your investment.  In other words, you need a trusted broker that won’t sabotage your trades and provide the best trading environment to get as much profits as possible.

FBS can provide you both of them.  They are a company in Mauritius that regulated and audited by Financial Services Commission (FSC) of Mauritius, which mean that they’re not a scam brokerage. Furthermore, they provide STP account with floating spread, which can give you very competitive spread and fast execution.

In this FBS review, I’ll also display FBS features as well as the pros and cons so you can make the best judgment before even considering making an investment.

FBS Review – Pros and Cons

Pros
FBS is no scam brokerage, so you can trade at ease. Additionally, they provide STP account which has floating competitive spread from 1 pip at very affordable initial deposit: $25. Forex robot user will also find this broker to be a great place to run their EA.

Cons
You might notice that there info about FBS provides Level II (market depth). They did plan to add that feature in the future, but it hasn’t available yet. Also, you might saw the ECN logo somewhere in the site. This is also a future plan; for the moment, the “Unlimited” account is an STP account with a lot of features.
These aren’t really big deal, but some people might find it misleading.

FBS Review – Features Summary

1. Forex Robot (Expert Advisor/EA) and other strategies; allow any kind of EA that run under MT4 (MetaTrader4). Not all brokers dare to allow forex robot and FBS is one of the trusted one. In addition, they also provide MT5. They also allowed hedging, scalping, and trailing stop.

Islamic Account is also available.

2. Leverage; FBS offer maximum 1:500 leverage. That means with $100 initial investment you can trades for 100 x 500 = 50,000 unit.

3. Commission; FBS work as an STP broker for all the positions over 0.1 lot in all accounts except micro. As you know, STP broker don’t have any commission, but there is spread mark-up, that is how they make money.

Note: STP  (Straight Through Processing) – STP Forex brokers send orders directly from clients to the liquidity providers – banks, which trade on the Interbank. The fact that traders have access to the true market and can execute trades immediately without dealer intervention is what makes the platform STP.

4. Support; FBS customer support department work 24/5. You can choose live chat, phone, or just fill their “contact us” form.

5. Deposit and Withdrawal; FBS accept deposit via Web Money, Liberty Reserve, Perfect Money, MoneyBookers, UnionPay, bank wire transfer, and of course, visa and master cards. The minimum deposit is $5 for Micro account and $25 for Standard account where you already can have the competitive floating spread.

6. Spread; for Standard and Unlimited accounts, you’ll get floating spread starting at 1 pip. For micro account, the spread is fixed and starting at 2 pips.

7. Trading Platform; FBS provide the well-known MT4 (MetaTrader4) and MT5. In addition, FBS also provide FBS Trader Mobile and Smartphone so you can still connected to your trades when you away from your PC.

8. Trading Strategy; as I mentioned before, you’re allowed to use any kind of EA/Forex robot. Scalping and hedging also allowed, which open an opportunity to vast variety of trading strategies. You can also ask for swap-free account by contacting their support.

9. Demo Account; you can get demo account in FBS, which is absolutely run under the same condition with real account. Unlike many other forex brokers, the demo account is not limited by time or funds.

10. Official Broker; rest assured that FBS is no scam brokerage. There are many brokerages that run without recognition from any financial authority and there are chances that they’re scam brokerage. FBS is regulated and audited by Financial Services Commission (FSC) of Mauritius. Here’s their company info in Mauritius Network Services Ltd.

11. Currencies and Commodities;  trade multiple currency pairs, gold, and silver.

12. Citizenship; FBS Holdings Inc. is an international brokerage company providing financial and investment services all over the world.

13. Execution type: instant execution.

FBS Review – Conclusion

With all the features, FBS can provide you a great place to trade online. In my opinion, STP account with competitive spread and low initial deposit is their main advantage. If you have, for example, a scalping EA that will be more productive under lower spread, FBS also a great place to run your EA.

Click here to check out FBS and get low floating spread with low deposit