FBS Technical Review 2020

fbs broker

Technical Review of FBS in 2020

In this FBS review, you will find all the information you need to dispel any doubts, including our feedback on FBS, both functional and technical, the result of years of experience with this platform.

Founded in 2009, FBS Markets Inc. is a broker known in the industry for the completeness of the trading services offered. This Belize-based broker has managed to attract millions of traders, according to company data, and continues to expand globally with numerous accolades. We performed an in-depth FBS Company review to help existing and potential traders better understand FBS Inc.’s offering, work and features. This analysis will examine every aspect of the broker with objectivity, so as to allow traders to choose in an informed way whether to invest funds. One of the main concerns of both new and experienced traders is making sure to choose a forex broker that operates with integrity and transparency. For this reason we decided to start our FBS review precisely from this aspect.

The goal is to dispel any doubts about FBS’s honesty.

With ten years of activity behind it, it is presumable that the FBS broker has operated in the utmost honesty, and that he continues to do so. That said, a more in-depth analysis is still required to give definitive guarantees to traders. The company is regulated by some of the most respected financial control bodies, namely CySEC in the EU and the International Financial Services Commission (IFSC) in Belize. Although Belize may not immediately suggest regulatory compliance, it is actually one of the most popular and reliable financial destinations in the world. In addition, the fact that you have been operating in the industry since 2009 with a huge customer portfolio is further proof that the FBS broker is not a scam.

Where do I make my money when I make a deposit on FBS?

FBS transactions are handled by HDC Technologies, with registered office in Cyprus. Since the FBS Inc. broker is regulated by both CySEC and IFSC, it is likely that all traders’ deposits will be paid into segregated accounts managed by top-tier banking institutions. This is a characteristic that many international authorities require in order to guarantee total transparency.

Is FBS regulated? FBS Regulations

The FBS broker is regulated by the IFSC note in Belize and CySEC in the EU . These are two highly respected regulators in the international financial sector. Especially CySEC, a symbol of reliability for many forex traders. Although this is a positive sign for FBS and its traders, many 

major forex brokers choose to be regulated in different regions to increase their reputation and reach. A point on which FBS could also work to increase its level of reliability among traders.

How to verify FBS licenses

The regulations of the FBS broker can be verified by checking the licenses issued to him by competent authorities. In this case the IFSC in Belize and CySEC in the EU make text, therefore the licenses of FBS can be verified on the websites of the IFSC and CySEC. FBS is a straight through processing (STP) no-dealing desk broker . This allows us to offer traders the best market prices and spreads. It also offers a specialized ECN account . In general, this type of offer by a broker is highly appreciated by traders, since it guarantees them the best marked rates, an unbeatable speed of execution and the possibility of building a better relationship than other dealing-desk brokers. Depending on the account you choose, the FBS broker makes profit in different ways. In the case of a standard trading account without commissions, it gains from a marginal increase in the spread offered to traders. In the case of 0 spread or ECN accounts , the broker applies an additional commission on the trades. 

Features

FBS offers traders a wide range of markets to choose from. Including the forex markets of 35 currency pairs, both major and minor, 9 of which are exotic. In addition to forex, the broker offers CFD trading on metals, commodities, and other CFDs for a total of 11 markets. These also include 4 major cryptocurrencies. FBS also offers CFD trading on several major stocks such as Disney, McDonalds and other prestigious companies. A total of 33 stocks are available.

FBS offers several bonuses, especially for new traders. The best-known is the $ 50 welcome bonus, which is a free $ 50 bonus deposit to your new account to start trading with FBS. The platform also offers a 100% deposit bonus and a $ 123 FBS bonus. As revealed by the FBS review, there are specific conditions relating to the $ 123 bonus. For example, the bonus expires 7 days after activation.

In general, FBS offers more offers and bonuses than other brokers, depending on the jurisdiction of the traders.

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About the Author: Khurram Raheel Akbar

Khurram Raheel Akbar is a reporter for Zobuz. He previously worked at Huffington Post and Vanity Fair. Raheel is based in PAK and covers issues affecting his city. In addition to his severe coffee addiction, he's a Netflix enthusiast, a red wine drinker, and a voracious reader.