FBS was actually founded as a reliable international broker in 2009 that serves all of its customers from more than 150 countries. While in the start, this broker was only established in Belize. But later, it also became a top-notch Cyprus broker in a cost-effective manner.
Regulation by the wonderful European legislation also brought high capabilities to the broker with the best tools & entirely authorized service of trading, which pushes the development of FBS even better.
In our FBS review, we’ll cover its pros & cons, leverage, withdrawal, deposit methods, and much more to help you get familiar with it completely.
FBS Deposit and withdrawal methods
Withdrawal and Deposit options for the FBS users include Bitawappet, Neteller, Local Exchangers, Skrill, SticPay, Perfect money, and VISA. The methods may change with the passage of time.
Not every method is available in all the cities or countries. So, check the support of brokers or simply visit their websites to examine the recent information on the available withdrawal and Deposit options.
FBS Pros & Cons
The pros of the super amazing FBS broker are as follows:
- Highly regulated international trading platform
- Free participation in all the seminars and events
- Access to a demo forex account
- Multiple types of accounts for every strategy and trader
- Meta trader 5 and MetaTrader 4 platforms
- 24/7 customer support
- Offers competitive accounts of zero-spread
- Mobile app available
- Can provide the lowest minimum deposits
- Methods of payment adapt relying on the country
The cons of FBS brokers are as follows:
- Offers just forex and CFD trading
- Limited equities and stock choices as compared to other brokers
- The slight curve of learning for integrations in MT5 and MT4
Leverage
The levels of leverage boost the trading size effectively by its great possibility to multiply the balance bringing lots of opportunities to cast gains. Offered leverage relying on some aspects including the residence, expertise level, which instructions you are going to trade and the falls under restrictions.
Therefore,
- European entity trading, you may utilize the leverage of 1:30 for most of the currency pairs,
- FBI (International) may offer comparatively higher ratios of leverage up to 1:1000 or sometimes even 1:3000.
Always make sure to explore how you can wisely use leverage not just to gain but also to lessen the risks of losing money quickly. The highest leverage undeniably includes high losing risks in parallel to the huge gaining option, which might not be a very good choice for beginners, too.
Customer Support
Customer support provided by FBS is another crucial point to admit. Since this broker nicely placed its orientation on fine guidance and good support for all the novice traders, you’ll find their customer support accessible 24/7 either through email, social media, international phone lines, or even live chat.
Additionally, it stands at that high level of quality support which is always incredible and important throughout the process of trading. This broker provides fast and relevant answers to questions and concerns & was marketed as a perfect client-oriented one.