If you are still finding a great forex broker for your own, then you are in the right place. This article will be featuring FBS – one of the best forex brokers in the market and also helping you make your decision through this FBS reviews.
Regulations
You won’t have to worry about regulations of FBS because it has two of the most famous licenses from trusted organizations. They are CySEC, which stands for Cyprus Securities and Exchange Commission and IFSC standing for International Financial Services Commission. They regulate FBS under the registration number of 353534 and IFSC/60/230/TS/18 sequently. All those licenese are also reliable and popular that you can totally feel assured about FBS. With IFSC, this regulatory agency was established in 1999, which has been managing and supervising all financial services providers in the Belize financial industry.
Reliability
When it comes to reliability, you have to check their reputation. For a forex broker, if it has many global awards, it can approve that this is very famous and trustworthy. FBS, accordingly, has many important and famous awards such as “Best Forex Broker Southeast Asia”, “Best Customer Service Broker Asia 2016”, “Best Forex Broker Thailand” and “Best International Forex Broker”. It also won the significant award from Indonesian Government for disaster relief work in 2017. As you can see, FBS is now one of the most enthusiastic socially responsible broker in the world by those awards it has claimed.
Account type
FBS provides not only great conditions but also a variety of account types for traders’ convenient. There are 4 main types of account, which are suitable for many traders in the market. They are Cent Account, Standard Account, Zero Spread Account and ECN account. The features of each account type are listed as below:
Cent account:
Minimum deposit required: $1, same as Exness minimum deposit
Spread type: floating
Commission: Not required
Leverage: 1:1000
Executed by market
Standard account:
Minimum deposit required: $100
Spread type: floating
Commission: Not required
Leverage: 1:3000
Executed by market
Spread account:
Minimum deposit required: $500
Spread type: fixed
Commission: required
Leverage: 1:3000
Executed by market
ECN account:
Minimum deposit required: $1000
Spread type: floating
Commission: required
Leverage: 1:500
Executed by ECN
Commissions & Spreads
As mentioned above, there are 2 main types of spreads offered by FBS. However, both two of them are very competitive with reasonable cost. While floating spread starts with 0.2 pips at the beginning, fixed spread starts with higher cost, which is 3 pips.
Deposits & Withdrawals system
It is said that FBS has the most special payment system that no other best forex brokers 2019 in the market have. Here are the features. In fact, FBS offers more than 70 different methods of payment, which is very flexible for traders from all over the world. They can pay by credit cards, , bank wire transfer, and e-wallet,…
The payout time is also reasonably in time. For paying with credit cards, you have to wait about 48 hours. For e-wallet payment, this is instant service because it is executed online. In conclusion, it depends on the payment methods that payout time is different.
Bonus & Promotions
Who doesn’t like bonus? Knowing this opinion, FBS has offered many kind of bonuses which attracts many traders in the market such as $50 welcome bonus, the Bonus 123 and the 100% deposit bonus. Traders also get a chance to win an iPhone X with a promotion by FBS.
Customer service
This is one of the most important parts that a good broker should do well. In this term, FBS has a comprehensive educational center and a detailed FAQ with excellent customer service. There is 24/7 online service with live chat and live support. This makes FBS incredible and outstanding.
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