FBS: Navigating the World of Forex Trading
Hey there! Now, you’ll be reading a review of the FBS broker — one of the most popular Forex provider in the world. This company offers a variety of trading instruments, trading platforms, account types, dozens of deposit and withdrawal methods, comprehensive supports and other important features.
In this FBS review, we will try to cover everything starting with registration and FBS login process and ending with spreads for currency pairs. Stay tuned till the end to find out what we have left for dessert!
Sign up and Login to FBS
Before we start a more detailed breakdown of FBS Forex broker, let’s take a look at the registration process so you can come back here at any time and know what to do, whether you are trading with FBS globally or specifically with FBS Malaysia.
Step-by-step guide to sign up with FBS
It does not take much time to sign up an account to use FBS broker‘s services. For any trader, the process will be quite simple and understandable. Moreover, you can create an account online on the website and through the application. So, how to do it through the app:
- Visit the App Store or Google Play and install the FBS – Trading Broker app on your device
- Go to the app from your phone and click on the “Sign up” button at the bottom of the home screen.
- Choose whether you want to sign up via social networks, via email, or by entering all the necessary data manually.
Important: Don’t forget to read the user agreement.
For those who choose to register manually:
- Enter your e-mail address and full name.
- Enter additional data: FBS login, password, and country.
- Choose the desired type of account (we will discuss what they are a little later).
- Customize your FBS account by specifying the desired trading platform, currency, leverage, and so on.
- Next, the application will open a new window with all the details of your account. Save your account and trading terminal login details.
Voilà! That’s it. In a few simple steps, you have become the owner of a full-fledged trading account with one of the most popular Forex brokers on the planet. Use it wisely!
Pro tip: After registration, you will receive an email to confirm that your information is up-to-date. Be sure to accept it to access advanced trading operations.
So, how do you register through the website? Almost identical.
Go to the official FBS broker website and click on the “Sign-Up” button in the top right corner of the screen. Next, follow steps 3-8, which are described above.
FBS Account Verification Process
It should be known that to access all FBS functions, a trader’s account must undergo personal verification. Access to it is available after registration and account creation. For verification, you need to:
- Go to Profile Settings, which are located in the pop-up menu on the top right of the screen.
- In the Verification tab, click on the “ID verification” button and follow the link.
- Enter the information exactly as it appears on the official document.
- Attach scanned copies of documents.
As in the case with any other broker, verification on FBS takes some time because it is done manually. You should be patient and wait for confirmation within 24 hours.
Rest assured that after verification, you can also get FBS bonuses that will significantly boost your start.
FBS Login Process for Existing FBS Users
And finally, how to get access to the account if it has already been created?
Whether you’re using the platform globally or through FBS Malaysia login, the process remains straightforward. To do this, go to the broker’s official website, click on the “Log in” button, and enter your FBS login and password, which you should have saved in step 8 of the registration process. Then, you will have access to your account.
Advantages of a Demo Account on FBS
One of the key advantages of an FBS broker is easy access to a functional demo account for Forex trading. If you are new to the market and do not have the proper experience, this section is for you.
What is a demo account?
In short, the FBS Forex demo account is a separate trader’s account that does not use real funds. All trading is done using a real platform, up-to-date information, and all tools, but it is impossible to lose money on such operations.
Benefits of Using a Demo Account
Obviously, having a demo account has several important advantages for both beginners and experienced traders.
Beginners have the opportunity to familiarize themselves with the assets available for trading, to find a suitable trading style, and at the same time not to lose a single cent. In other words, this is your sandbox where you can do whatever you want and explore the world.
Pro tip: It is recommended by multiple trading gurus to experience at least 50 trades on a demo account before proceeding with real funds. But practice means perfect, so do not be shy to abuse the demo account until you’re confident in your knowledge and abilities. FBS MT4 downloading process is pretty straightforward, so try to use this platform at first.
Experienced traders should also pay attention to the potential benefits of having a demo account. So-called Paper trading, the process of testing a trading strategy on paper without creating real orders, is extremely popular among all profitable Forex users. However, you can take testing your ideas to the next level with demo accounts!
Trading conditions on demo accounts are pretty similar to the real ones, so users will get the maxed experience:
Minimal deposit | Not required |
Spread | From 0.7 pips and higher |
Available leverage | 1:30 |
Maximum positions | 400 |
Maximum order volume | 500 lots |
Speed of execution | Usually less than 0.5 sec |
How to Open and Utilize a Demo Account
It is quite easy to create a demo account on FBS. To do this, you will need to return to the registration process. At step #6 you should choose the demo version of the account and go through the remaining steps as already described. In this case, upon completion of registration, you will get a ready account for demo trading with FBS MT4.
If you already have an account, you can get access to demo trading by submitting an application on the broker’s official website or through your personal cabinet.
Funds Withdrawal: Subtleties and Nuances
Let’s assume that you managed to increase your capital with the help of FBS broker, what next? You need to withdraw your money!
Disclaimer: More than 70% of retail investors are losing funds when trading with this broker. Be confident in your strategy before opening positions and trade with cautious.
FBS broker users should not worry about getting their money back. This company has all necessary licenses and, most importantly, a good reputation. Moreover, numerous reviews and personal experience show that the withdrawal process is generally very good.
Withdrawal Methods Supported by FBS
FBS broker supports several popular options for withdrawing funds. To make it more convenient for you, we have gathered all the information in a table:
Method | License | Commission | Withdrawal time |
Visa | Regulated by Central Bank of Cyprus | 0% | Usually 15–20 minutes (processing by the bank may take up to 7 business days) |
Mastercard | Regulated by Central Bank of Cyprus | 0% | Usually 15–20 minutes (processing by the bank may take up to 7 business days) |
Maestro | Regulated by Financial Conduct Authority | 0% | Usually 15–20 minutes (up to 2 days) |
Wire Transfer | Depends on the bank | 0% (bank commissions may apply) | Usually 48 hours (processing by the bank may take up to 7 business days) |
Skrill | Regulated by Financial Conduct Authority | 0% | Usually 15–20 minutes (up to 2 days) |
Rapid Transfer | Regulated by Financial Conduct Authority | 0% | Usually 15–20 minutes (up to 2 days) |
Neteller | Regulated by Financial Conduct Authority | 0% | Usually 15–20 minutes (up to 2 days) |
You should notice that some of the listed methods may be a subject for bank commissions applying. So, it’s important to read the terms of your bank in advance,
Withdrawal Terms and Conditions
Now, a little lyrical part about what aspects should be paid attention to when depositing and then withdrawing funds from FBS broker.
Rule number 1: A trader can withdraw money only by the same method that was used to deposit. For example:
A user deposited $20 using deposit method 1 and then another $30 using deposit method 2. Now this money needs to be withdrawn. However, the trader will not be able to withdraw using method 1. First, the deposit amount via method 2 must be fully withdrawn in the appropriate way. That is, $30 must first be withdrawn to method 2, and then the remainder can be withdrawn to method 1.
Rule number 2: If the account was funded using a debit or credit card, the trader must provide a scan copy of the card for withdrawal. All this happens in the personal cabinet when trying to withdraw funds.
Rule number 3: If the deposit was made using a debit or credit card (and the withdrawal will be directed to these cards, see rule number 1), the amount of withdrawal should be proportional to the amount of the deposit. That is, if a trader made two deposits of $10 and $20, his first withdrawal should be for $20 and the second for $10. Withdrawing $30 at once will most likely not work.
There are a lot of rules, but all of them are designed to prevent the platform from being used for fraudulent purposes and to prevent money laundering. Therefore, for the majority of users, these measures should be an additional source of confidence in FBS broker.
Pro tip: Be sure to use FBS Welcome Bonus when depositing for the first time. Read up-to-date terms on the official website.
Types of Accounts Offered by FBS
There are dozens of different FBS account types, which allow traders to choose the best option for their needs. However, some of them won’t be available for users without a special request. So, for now, let’s take a closer look only at the most popular FBS account types out there.
Standard Account
The FBS Standard Account is a perfect option for users who don’t want to pay extra commission on trades but still want to receive the main benefits. A golden mean, in other words.
This account offers floating spreads starting from only 0.5 pips and a tiny minimum deposit of just $1. In exchange, traders will receive beautiful leverage at 1:3000 for managing larger positions with relatively small capital. Plus, both newbies and expert users will get access to all trading assets on the FBS.
So, if you don’t have any special requests or needs, the Standard Account may be your choice.
Micro Account
The FBS Micro Account is an ideal pick for complete beginners or people who want to trade with small funding.
This FBS account type offers fixed spreads starting from 3.0 pips and a low minimum deposit. However, traders are not eligible for big leverages and can trade only micro-lots.
Try Micro Account if you’re just getting familiar with the Forex market and trying to minimize exposures.
ECN Account
The FBS ECN Account is good for people with vast experience in Forex who seek tighter spreads and more market control.
ECN account has floating spreads that can go down to -1.0 pips and a commission of $6 per one standard round lot. It shows good compatibility with the FBS MT4 platform for traders who prioritize low costs and faster execution.
Are you confident in your skills? Then this FBS account type is for you.
FAQ
FBS offers a huge loyalty program in which traders may earn special points for regular trading. These points can be exchanged for prizes or even cash. Plus, every verified trader is eligible for FBS no deposit bonus and other promotions. To see current offers, you may need to log in to your account and check them in the special tab.
FBS provides 24/7 customer support across different time zones, ensuring prompt assistance no matter when you trade. The support is multilingual, allowing users to get help in their preferred language.
FBS offers several bonuses, including Quick Start Bonus ($100 for new users in FBS Trader), FBS Bonus $140 ($70 or $140 depending on how you sign up), 100% Deposit Bonus (Double your deposit with this bonus, giving you more capital to trade with).