FBS is a Forex and CFD brokerage that is registered in Belize and the Marshall Islands. With that being said, it has a particular presence in Asia overall, as well as Latin America. However, they do have traders from 190 countries around the world, so experience and a wide breadth of trading has occurred under the company name.

Trading accounts

FBS offers five different trading accounts, including the Cent Account, Microcap Account, Standard Account, Zero Spread Account, and the ECN Account. The Cent Account is for those traders looking to get involved in the markets with very little capital at risk, allowing for up to perfect their strategy with real money, with loading spreads. The Micro Account is slightly larger, with a fixed spread. The Standard Account has a floating spread as well and offers extreme leverage. The Zero Spread Account offers no spread whatsoever but does charge $20 per lot in commission. The ECN Account offers if loading spreads that can even go negative, with the six dollar commission per trade.

The company

FBS is a fully regulated firm in the Marshall Islands and Belize. With that being said they of course are regulated under the local regulatory bodies but cannot accept clients from a handful of countries.

Trading conditions

Initial deposit

The initial deposit at FBS will vary depending on the account that you choose to open. The Cent Account allows traders to get involved with as little of a deposit as one dollar, while the Micro Account requires just five dollars to open, and the Standard Account just $100. In order to qualify for the Zero Spread Account, you will need to deposit $500, while the ECN Account requires a deposit of $1000.

Spreads and conditions

FBS offers multiple markets to trade, so spreads can vary quite drastically. However, it also comes down to the account you choose. For example, with the Cent Account you can have floating spread from one pip. The Micro Account has a fixed spread from three pips. The Standard Account has a floating spread from 0.5 pips. The Zero Spread Account obviously has no spread, while the ECN Account can even go negative one pip.

Leverage

Leverage at FBS goes as high as 1:3000, depending on the account. Quite frankly, this is the largest leverage that we are aware of and should be treated with the utmost respect. For the Cent Account, the leverage is 1:1000, while the Micro, Standard, and Zero Spread Accounts all offer 1:3000 leverage. The ECN is 1:500 leverage. Obviously, depending on the market, the leverage can change.

Trading platforms

FBS uses the well-known MetaTrader ecosystem, using version 4 and 5. They also have a mobile based system called FBS Trader that is available for both Android and iOS. Trader should be comfortable with the platforms as they will be very familiar.

Payment methods

FBS allows several different ways to fund and withdraw. This includes Visa, Skrill, Neteller, Perfect Money, BitWallet, Bank transfers, and some other Local Exchanges.

Extras

FBS offers a large selection of educational and analytic tools. News is kept up-to-date, while daily market analysis is available. Beyond that, they also have trade signals, technical analysis, fundamental analysis, webinars, video lessons, seminars, Forex TV, and many other such educational offerings.