FBS Forex Broker Review

FBS is a financial service which stand for Financial Brokerage Services.this platform focuses their services in various countries ranging from china,indonesia,philippines,Russia,Vietnam,to Jordan.The services they offer are registered under the name FBS Inc. with registration number 74825 and located at Ajeltake street,ajeltake island,majuro,Marshall Island.

Meanwhile,their site is operated by one of its subsidiaries,namely FBS Markets Inc. with registration number 119717.This subsidiary is regulated by IFSC.FBS initially operated in Russia in 2009,this broker claims that it has registered at least 700.000 client from 120 countries.both of witch are still listed as beginner and professional traders.This Broker does not allow registration from the United States or European Union member countries raises few questions regarding this claim.

However,apart from this,broad access for the public to open a trading account on this platform helped to make this trading platform a pretty good trading place,along with a variety of services offered.

Types of Trading Account
Trader can find various accounts with their respective characteristics ranging from the nominal currency used to the spread offered.

1.Cent Account
The Cent Account is the first type of account offered by FBS.Here are some summaries of the features offered by this account directly to each trader's personal

• Minimum Depsoit $1 
• Floating spreads starting from 1 pip 
• No Commission 
• Leverage up to 1:1000 
• The maximum position of orders opened and held on each cent account is 200 
• The volume of order varies from 0.01 to 1000 cents lot with an increase of every 0.01 cent 
• Market execution is in the range of 0.3 seconds 

2.Micro Account

• The minimum deposit for a micro account is $5 
• Spreads from 3 pips 
• No Commission 
• Leverage Up to 1:3000 
• The order position is open and stuck at 200  
• The volume of order varies from 0.01 to 500 lot with an increase of every 0.01  
• Market execution is in 0.3 seconds,STP 

3.Standard Account

• AMinimum deposit of $100 can be made through a local bank  
• The spread offered is a floating spread of 0.5 pip 
• No Commission 
• Leverage Up to 1:3000 
• The number of orders opened and held at 200 
• The number of orders starts from 0.1 to 500 lots with an increase of 0.01 lot 
• Market execution in the range of 0.3 seconds 

4.Zero Spread Account
The zero spread is the next type of account that can be opened by traders on this broker.The following is a brief description of this account

• Minimum deposit of $500 
• The spreads offered are fixed zero spreads with a magnitude of 0 pips 
• Starting from zero spread account,there is a commission that must be paid to this forex broker of $20 
• Leverage up to 1:3000 
• The number of orders opened and held at 200  
• The number of orders starts from 0.1 to 500 lots with an increase of 0.01 lot  
• Market execution time from 0.03 seconds,STP 

5.Unlimited Account

• The minimum deposit allowed starts at $500  
• The spread offered is of fixed type with a magnitude of 0.2 pip 
• Leverage is up to 1:500 
• There are no minimum and maximum trading limits 
• The order volume amounts from 0.1 to 500 lots 
• Market execution time is under 0.3 seconds 

6.ECN Account 

ECN Account are the next type of account available on tis FBS Broker platform.Just like the previous account,this account is untended for traders who want to make large amounts of trading transactions.Therefore,this account may not be suitable for novice traders. 

• A minimum deposit of $1000. 
• The spreads offered are of various floating types ranging from -1 pip 
• ECN account holders are subject to a $6 commission 
• Leverage up to 1:500 
• No transaction restrictions apply 
• The number of order starts from 0.1 to 500 lots 

FBS is a Trading platform that offers a variety of account options,deposit payments and withdrawals to its clients.this platform also offers the opportunity to make transactions using the Metatrader 4 and Metatrader 5.All deposit and Withdrawal payments can even be made through a local bank. 

Commission And Service Fees 

There are two types of commissions that apply to FBS brokers:Free and Paid.Free Commissions can be earned by traders who open unlimited,cent,micro and standard accounts. Meanwhile,for those who open a zero spread or ECN account,there is a certain amount to be paid. 

On a zero Spread,for example,the commission paid is $20.This amount will be reduced to $6 if the user open an ECN account.Spread is one indicator that is often used to assess the quality of a forex trading broker.Likewise,FBS. To prove that it is a quality trading place,FBS offers a variety of spreads and commissions to its users. 

This broker offers a variety of spreads with an average of 0.9 pips.This figure even applies to famous currency pairs such as EUR/USD.This figure is still average and spread across various types of accounts.The explanation of the spread value in each account is as follows
Fixed spread for zero spread(0 pip) and micro account users(starting from 3 pips)
Floating spreads for cent account (starting from 1 pip),standard account (Starting from 0.5 pip),Unlimited (Starting from 0.2 pip),and ECN account starting from -1 pip.

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