The account base currency is that which is available for you to trade with. This means you may have to pay a conversion fee if you deposit in, or withdraw to, another currency. You can find out more about these types of accounts through our article on swap-free Islamic brokers. As an Indonesian trader, you also have full cryptocurrency broker canada access to the complete range of FBS features that can be limited elsewhere so it is a strong country for the broker.
Free FBS Demo Account for Trading Practice
You can contact them via live chat on our website and apps or through We are always here to support you. FBS is a licensed global broker, operating in over 150 countries and holding over 90 prestigious awards. With the trust of over 27 million traders and 700,000 partners, FBS has established itself as a reliable financial service provider.
- What is even more astounding is that you are able to use this bonus as many times as you deposit.
- A platform with user-friendly charts and tutorials is a big plus if you’re a beginner.
- One of the reasons behind this may be that they offer a fixed exchange rate of 10,000 IDR to 1 USD to help avoid currency fluctuations.
Main Insights from Testing
Some focus on stocks and ETFs, while others give you access to mutual funds, bonds, or even cryptocurrency. Knowing what you want to invest in will help you narrow down your choices. If you’re interested in trading stocks and learning the ropes, you might prioritize tools like stock screeners, market research reports, and low fees. A platform with user-friendly charts and tutorials is a big plus if you’re a beginner. For stocks, FBS lets you trade instruments from major and minor global markets. Manage your risk effectively with negative balance protection while accessing a wide selection of equities.
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FBS delivers exceptional trading services with clear, detailed market insights. Highly recommend FBS for their reliable trading services and detailed market insights. FBS has a user-friendly platform and excellent customer support.
How Is FBS Customer Service?
- For those seeking enhanced functionality, the MetaTrader 5 (MT5) platform delivers superior performance and features.
- The FBS customer support is available 24/5 and can be reached via phone, email, and live chat.
- While slightly behind competitors like Exness (4.7 stars) and IC Markets (4.8 stars), it significantly outshines XM (3.2 stars), showcasing its reputation as a reliable broker.
- Depending on which trading platform you plan on integrating with your FBS platform, your experience may vary in terms of trading.
From our broker FBS review, users can open a Cent account at FBS with a minimum deposit of just $1. shakepay review For example, if you live in the Philippines, FBS will offer bank transfer payment methods from the top banks of the country. This makes it extremely easy for Filipino users to create accounts. The FBS trading platform provides a powerful and up-to-date experience when it comes to trading forex and CFDs.
Its user-friendly interface makes it easy to analyze real-time charts, execute trades quickly, and manage account balances. A number of top Forex brokers choose MT4 for their trading platform, and it comes as no surprise that FBS has done the same. It performs equally well for all operating systems including Windows, MAC, Android, and iOS. There is no need for a download and automated trading is supported.
The platform is free and doesn’t force you to make any purchase to access its full features. The previous points and many more are the reason FBS has a reputation as a reliable and trustworthy brokerage. However, the company reserves the right to withhold previously reimbursed amounts in case of abuse of the commission compensation policy or lack of trading activity. In the latter case, if you request a withdrawal, the company reserves the right to withhold an amount equivalent to any bank charges or 3% of the total withdrawal amount. Additionally, it is essential to consider the possibility of a withdrawal fee being charged in some instances.
This regulatory framework is designed to combat money laundering, promote fair trading practices, and adhere to international financial standards. As we go deeper into this FBS broker review and look into areas like trading fees, regulations, and platform features – we’ll see that FBS checks several boxes in terms of services and credibility. The positives of regulation compliance, platform features, and customer service appear to outweigh most limitations as per existing trader feedback. They continue building more localized offerings for such markets. FBS introduced itself to the world of Forex trading in 2009, and now enjoys a presence in more than 120 countries with a customer base of more than 700,000 traders. And from the very beginning awards have been coming in left right and center.
Moreover, losses in leveraged products may exceed your initial deposit. The broker offers competitive fees, an advanced platform, fast execution speeds of under 30 milliseconds, and tools like VPS hosting. These features make it suitable for experienced, highly active traders. Account stats like account equity, margin, free margin, and floating P&L are all viewable within the app.
Trade Commodities CFDs
Withdrawals are free, though fees may depend on the chosen payment method. This fee-free, flexible system makes FBS a reliable choice for efficient financial transactions. This flexible system ensures a smooth transaction experience for traders globally. While high leverage can increase profit potential, it also amplifies risk. Beginners should start with lower leverage to better understand market dynamics and manage risk more effectively.
Transactions are processed promptly, with instant deposits and withdrawals using secure systems. It’s a common challenge—picking the wrong Forex broker can lead to unnecessary stress and lost funds. In this FBS review, we’ll break down key factors like fees, security, and platform features to help you decide if FBS fits your trading goals. We happen to miss the usual fare of training material, and many beginners are sure to be disappointed. Residents in the EU and the UK have a lot to like about FBS’ offering, which includes vigilant regulatory oversight, fund segregation, ICF coverage, and a wide range of tradeable instruments. While international account holders can open additional accounts, high leverage should always be approached with caution.
FBS compensates for these charges, so traders don’t bear the cost. The minimum deposit to start trading is just $5, making it accessible for all traders. For a more comprehensive and rewarding crypto trading experience, we suggest exploring our list of best crypto brokers that focus on cryptocurrency markets. These platforms offer better liquidity, advanced features, and specialized tools for managing the inherent risks of crypto trading.
While we compared FBS to other brokers, we found that the broker has some advantages over other brokers, especially in a number of aspects. Of course, there are also points where the broker stays behind others. For its overall offering, the broker has quite a good standing in the market. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. The platform tutorials available on the FBS YouTube channel help take the friction out of getting started and making the most of the software. I found the research materials useful, and I liked that they westernfx review included actionable concepts.