Is it worth trading with FBS?

FBS, or Financial Brokerage Services, stands as the premier forex broker in Asia with offices located in countries such as China, Malaysia, Philippines, Indonesia, Jordan, Vietnam, and Russia.

The trading platform is regulated and supervised by the International Financial Services Commission (IFSC) of Belize under license number IFSC/60/230/TS/18. However, compared to other trading platforms regulated and supervised by organizations such as CFTC, NFA, FCA, ASIC, and CySEC, it's evident that FBS's regulatory authority is not highly regarded.

Furthermore, the regulations of IFSC are currently under debate, questioning whether IFSC has the stature to match internationally established and more reputable legal organizations.

In previous articles, Mytour has addressed the question of whether FBS is a scam or fraudulent. This article will provide you with additional useful information to seek answers to the question of whether you should trade with FBS or not.

Is it worth trading with FBS?

Initially, FBS headquarters were located in Russia and started operating in 2009. At that time, the forex broker claimed to have over 700,000 clients in more than 120 different countries worldwide. Interestingly, among FBS's clients, none were from the United States. Furthermore, the lack of EU regulations hindered the trading platform from promoting its services in Eurozone countries.

Despite the legal confusion surrounding the trading platform, FBS continues to receive numerous prestigious awards in the industry and positive reviews from clients.

FBS Trading Account Features

- Minimum deposit: 1 USD.
- FBS maximum leverage is 1:3000.
- Supports 5 different account types.
- FBS spreads start from 0 pips.
- ECN accounts offered with tight spreads and commission per lot.
- Full support for various payment methods.
- Trading assets include 32 currency pairs and 2 different metals.
- MT4 and MT5 trading platforms.

One of the reasons to consider trading with FBS is the very low minimum deposit of 1 USD compared to other forex trading platforms in the market. The platform also provides 2 types of trading accounts available for traders with small amounts, including Cent and Micro accounts.

Cent Account:

- Minimum deposit: 1 USD.
- Spreads start from 1 pip.
- Maximum leverage is 1:1000.

Micro Account:

- Minimum deposit: 5 USD.
- Spreads start from 3 pips.
- Maximum leverage is 1:3000.

Traders with deposits exceeding 100 USD can opt for the Standard account, encompassing all features available in the Micro account, with spreads starting from 1 pip.

The ECN account is provided in the form of a Zero Spread account, with spreads starting from 0 pips and a commission fee of 20 USD per lot. The minimum deposit is 500 USD, and the maximum leverage is 1:3000.

The final type of trading account is the Unlimited Account, designed exclusively for professional traders, offering a maximum leverage of 1:500, spreads starting from 0.2 pips, no commission fees, and a minimum deposit of 500 USD.

The Unlimited Account is the best type of FBS account, supporting favorable trading conditions, lower transaction costs, relatively lower leverage, and fast transaction speeds.

FBS utilizes the MT4 and MT5 trading platforms to access forex markets on both desktop and mobile devices. FBS trading platforms are connected to high-speed servers to provide customers with the best trading experience.

FBS's mobile platforms are available as MT4 apps on iTunes and Google Play Store. Additionally, traders can use the MT4 Web Trader to execute browser-based transactions.

Customer Support

FBS customer support is available in 18 different languages to provide comprehensive assistance to customers primarily in Asia, Europe, and the Middle East. The forex trading platform supports customers through live chat, email, and phone calls.

Unlimited account holders also enjoy free swap trading support, a fantastic feature for long-term traders holding overnight positions. FBS accounts significantly reduce transaction costs, marking one of FBS's most crucial advantages.

Other noteworthy features on FBS include 100% deposit bonuses, assisting traders in opening new accounts for funding.

However, many traders encounter issues and challenges when withdrawing funds. The broker only provides bonuses if traders are willing to accept their terms and conditions.

The trading platform offers a maximum leverage of 1:3000, the highest among forex trading platforms in the industry. New and even experienced traders are susceptible to risk due to the high leverage. Micro account spreads start from 3 pips, indicating traders may face Margin Calls for initial deposits as low as 5 USD.

With wise trading, leveraging and keeping spreads low, traders can generate significant profits. Forex trading profitability relies on the balance among various tools in the trade. If done carefully, FBS provides the best resources for consistent profits in the forex market.

This article by Mytour has provided you with useful information about the FBS forex trading platform. Hopefully, after reading this article, you have enough foundation to decide whether to trade with FBS. Additionally, if you're interested in Binomo or XM, you can explore more articles already available on Mytour.