CHOOSING FBS FOREX BROKER, WHY NOT? – FBS REVIEWS

Have you found the best forex broker for your own? If you have not, then this article may satisfy you and give you one more brilliant choice: FBS forex broker. Just like you, I had never found such a great broker until I had a chance to work with it. This article will be giving you an overall FBS reviews from own personal opinion of mine, which includes main features of FBS to prove that this is one of your best forex brokers in the market.

FBS FOREX BROKER

Regulations

In this term, you will feel completely assured as FBS has the popular reliable licenses in the market. One of them is CySEC (Cyprus Securities and Exchange Commission), which FBS has registration number of 353534. The next one is IFSC (International Financial Services Commission), which regulates FBS under the number IFSC/60/230/TS/18. This agency was founded in 1999 and since then, it has been supervising and managing all financial services providers in the Belize financial industry.

Reliability

How do you assess the reliability of a broker? You may know many ways but this way is pretty effective: finding out what rewards it has. Accordingly, FBS has won several awards such as “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”. Above are all the precious awards that every broker wishes to have. FBS also won an important award from Indonesian Government for disaster relief work in 2017, which makes FBS the enthusiastic socially responsible broker in the world.

Account type

Traders also check if a broker has many types of account for their uses. In common, FBS has 4 different types of account, which are Cent Account, Standard Account, Zero Spread Account and ECN account.

With Cent account, you will have:

  • $1 of minimum deposit required, equal to Exness minimum deposit
  • Spread is floating
  • No commission
  • Leverage is 1:1000
  • Market execution

With Standard account, you will have:

  • $100 of minimum deposit required
  • Spread is floating
  • No commission
  • Leverage is 1:3000
  • Market execution

With Spread account, you will have:

  • $500 of minimum deposit required
  • Spread is fixed
  • Commission required
  • Leverage is 1:3000
  • Market execution

With ECN account, you will have:

  • $1000 of minimum deposit required
  • Spread is floating
  • Commission required
  • Leverage is 1:500
  • ECN execution

Commissions & Spreads

At FBS, there are both fixed and floating spreads, which are also competitive in the market. Spreads are in line with the industry average. While floating spreads start with 0.2 pips, fixed spread’s minimum is 3 pips at the beginning.

Deposits & Withdrawals system

Payment system of FBS is incredibly outstanding in the market. There are more than 70 different types of payment methods, which doesn’t happen at any other best forex brokers 2019 that we have known in the industry. It varies from major credit cards, bank wire transfer, and e-wallet.

There are many choices offered in withdrawal system, but most of them are fast. However, it depends on which methods you use that the time for payout is different. Payout time for credit cards is maximum of 48 hours, for e-wallet is faster and more instant.

Bonus & Promotions

There are many attractive forex bonuses and promotions from FBS that are available for traders. Accordingly, FBS usually offers $50 welcome bonus, the Bonus 123 and the 100% deposit bonus. Besides, traders can get a chance to win an iPhone X by a promotion in trading with FBS.

Customer Support

This is one of the most important features that can indicate how well a broker works. For FBS, it has a comprehensive educational center and a detailed FAQ. It also has 24/7 online service and live support for traders.

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