FBS is considered a shining star in the trading market in Vietnam. This is the right forex broker for beginner traders.

General information

FBS is one of the well-known forex brokers, founded in 2009. FBS is considered a trading platform that spends heavily on brand promotion activities and has become an official partner of Barcelona Club – one of the world's leading famous football teams from January 1, 2020.

After more than 10 years of operation, FBS has made a strong mark on the Asian financial market and achieved many admirable achievements such as: attracting 23,000,000 traders from 190 countries worldwide, +410,000 partners who have trusted and chosen FBS as their preferred forex broker, Annual profit of customers up to 500,000,000 $... In each country, FBS has built its own website and currently has 19 different websites.

Name	FBS
Founded year	2009
Headquarters location	9725, Fabers Road Extension, Unit 1, Belize City, Belize
Official website	https://fbs.com
Contacting methods	– Live Chat – Call phone number +357 22 010970 – Email support@fbs.com
Trading products	Forex, Metals, Energies, Stocks, Cryptocurrencies, Indices
Minimum deposit	1$
Leverage	1:3000
Trading platforms	MetaTrader 4, MetaTrader 5, FBS Trader
Fees	Depends on account type

Register a FBS account here

Pros and cons

Pros	Cons
• Suitable for all levels of traders • Offers competitive spreads starting from 0.2 pips • Offers a wide range of trading instruments • Offers high leverage up to 1:3000 • Operates under international financial management • Support available 24/7	• Needs more in-depth learning resources • Not ideal for traders looking for advanced functions

Licenses

FBS is regulated and licensed by IFSC – International Financial Services Commission, IFSC/000102/198 and CySEC (under number 353534). These are reputable licenses in the forex market, ensuring that foreign exchange transactions take place openly and transparently.

In general, FBS review does not own as many licenses as other forex brokers, the licenses that FBS owns are not really as strong as XM, ICMarkets or XTB.

However, receiving a license from CySEC proves that FBS has constantly strived to provide the best trading services to its traders. Therefore, FBS broker is rated as a reputable fact.

Security methods

The integrity and security of the broker is paramount in a trader's decision-making process. FBS stands firm in terms of safety, diligently adheres to strict regulations and implements strong measures to prevent fraud and secure clients' funds.

• Fraud Prevention: FBS uses advanced encryption technologies to protect sensitive information and financial transactions, establishing a secure trading environment. Advanced authentication processes are incorporated to prevent unauthorized access.
• Security of client funds: The broker performs the segregation of accounts, ensuring client funds are segregated from the company's operating funds. This separation ensures the safety of client funds, prevents the use of these funds for any other operational needs, and insures them against any unexpected difficult situations of the organization.

Types of trading accounts

Cent Account

This is a cent trading account ($10 to 1000 cents), suitable for forex beginners, traders who want to trade small lot sizes, small investment capital, or traders who are looking to test new strategies.

The Cent account supports trading forex, metals, indices, energies and stocks on both MT2 and MT4 platforms. To open a Cent account you only need to deposit from $5, no commission, swap-free, floating spreads from 1 pip.

Micro Account

The Micro account supports trading in 35 currency pairs, 4 precious metals and indices. This is an account for inexperienced investors, with an initial minimum deposit of $5, supports leverage up to 1:3000, no commission, fixed spreads from 3 pips instead of floating like other accounts.

Standard Account

This is the ideal account type for traders looking for a traditional trading experience. Offers extremely competitive spreads – floating from 0.5 pips, no commission and you are free to choose your desired leverage, up to a maximum of 1:3000.

Zero Spread Account

The main feature of the Zero Spread account is that there is no spread, which allows investors to increase profits and make more accurate forecasts of their revenue. However, with this account you will be charged a commission of $ 20 per lot – this is considered quite high compared to the market today.

If you are a trader who likes to trade with high speed, then the Zero Spread account is a good choice. This account will provide traders with leverage up to 1:3000, up to 200 pending orders, and supports the following trading instruments: forex, precious metals, Indices.

ECN Account

ECN accounts are perfect for professional traders who desire the best possible trading conditions. Because this account allows buyers and sellers to transact directly with each other without intermediaries.

To open an ECN account you need to deposit a minimum of $1000 – not a small amount, but the benefits that this account brings are well worth it: 

• The fastest market execution speed, no requotes.
• Extremely competitive spreads, floating from – 1 pip
• Unlimited number of open and maximum pending orders
• Supports trading of 25 currency pairs.

Crypto Account

Crypto accounts are perfect for cryptocurrency traders. For this account, the investor will have the opportunity to make additional profit with the volatility of 100 trading pairs such as coins, coin-coins, coin-fiat, coin-metals.

More specifically, FBS Crypto account gives its users a better experience with tight spreads, 1:5 fixed leverage, and easy deposits and withdrawals with fiat and cryptocurrencies.

Leverage

FBS leverage ranges from 1:1 to 1:3000. This is almost the highest leverage level in the forex market today. However, each FBS account will apply a different maximum leverage.

• Standard, Micro, Zero Spread accounts: 1:3000
• Cent Account: 1:1000
• ECN Account: 1:500
• Crypto Account: 1:5

Trading platforms

Traders are offered 3 trading platforms by FBS, MetaTrader 4, MetaTrader 5 and FBS Trader (developed exclusively by FBS for its clients). These applications allow traders to get the most out of their investments.

FBS Trader

FBS Trader is a proprietary software that FBS created specifically for its traders, similar to how XTB will provide their traders with xStation. So apart from choosing to trade on MT4 or MT5 normally, FBS traders can use FBS Trader.

FBS Trader is easy to use, and also provides a lot of detailed information for clients to easily monitor such as: Trading volume, real-time buy/sell volume, contract type, Stop loss and profit information.

In particular, this is a free application so traders can download, use, experience and enjoy the service provided by FBS.

MetaTrader 4

MT4 seems to be the default software that almost every forex broker must have. Therefore, this platform is quite familiar to traders and nearly every trader knows how to use it.

In addition to the necessary tools and built-in automated trading, FBS also offers various versions of MT4 platform such as: MT4 MultiTerminal, web trading, desktop versions running Windows, macOS, and Android or iOS mobile versions.

MetaTrader 5

MT5 is a software version born after MT4, so MT5 is improved, optimizing some features of MT4. In addition to supporting all the features that MT4 has, MT5 also integrates and expands indicators, analytical drawing tools and multi-timeframes.

Like MT4, MT5 offers users WebTrader versions, 2 Android and iOS mobile operating systems, a desktop application for Windows and macOS operating systems.

Trading products

FBS currently offers 6 main types of trading products, including:

• Forex: 35 currency pairs including 7 majors, 28 minors and exotic.
• Metal: Trade with 2 precious metal symbols: gold and silver.
• Indices: 11 global indices such as AU200, DE30, ES35, EU50...
• Energies: Including 3 codes: Brent Crude Oil, Gas, WTI Crude Oil.
• Forex Exotic: 9 highly liquid exotic currency pairs.
• Stock codes: 66 types from big companies such as Facebook, CocaCola, Pepsi, Nike...

Fees

Commission fees

At FBS, Cent, Micro and Standard account types have no commission, while on other accounts, the commission will be calculated as follows:

• Zero Spread Account: from $20/lot traded
• ECN Account: commission is $6/lot.
• Crypto Account: 0.05% for open positions and 0.05% for closed positions

Spread fees

FBS forex trading platform has 2 types of floating and fixed spreads, depending on the account type, the spread will vary. Among them, the lowest spread of -1 pip is available for other exchange's ECN accounts. Micro account spreads are the highest, offered by FBS in a fixed format.

Deposit and withdrawal methods

Deposit

FBS offers deposits via multiple avenues including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. FBS prides itself on not charging any deposit fees, although payment providers may incur additional fees. With its friendly approach, FBS keeps the minimum deposit threshold relatively low, allowing traders with diverse financial abilities to participate.

Withdrawal

Consistency is maintained when withdrawals are made through the aforementioned means of payment, ensuring seamless transactions for users. Withdrawals are usually completed within 1-3 business days. Although FBS does not impose withdrawal fees, external fees may be incurred according to the terms of the chosen payment provider.

Conclusions

FBS has emerged as an attractive choice with its wide range of trading tools, intuitive platform and efficient customer support. The broker's commitment to offering low minimum deposits, competitive spreads, and a wide range of educational materials make it an accessible and attractive option for traders of various experience levels. However, it is important to acknowledge that FBS may have limitations in offering certain trading instruments.

Although FBS exhibits many admirable qualities, it is important for potential users to conduct meticulous research before choosing to trade with them. Evaluating one's trading requirements, preferred strategy, and risk tolerance is essential. The capabilities of a broker largely depend on the inclinations and trading goals of the individual.