About FBS Broker
FBS is an international Forex brokerage with more than 150 countries of presence. Since 2007, it has helped more than 17 000 000 traders and 410 000 partners worldwide.
For over ten years, FBS recognized as one of the leading online trading platforms. Their goal is to give all traders the best trading tools to trade profitably.
Here is a review about FBS broker in South Africa.
FBS organizes seminars, special events, and cutting-edge trading technologies to give clients the best experience. FBS also updates its clients with the latest strategies on the Forex market.
FBS realizes that different categories of customers have other requirements. They can accommodate the needs of different types of clients.
When it comes to trading, trust is everything. At FBS, we believe that honesty is the best policy.
The company has a full line of assets and a full range of trading styles. There are various trading platforms that traders can use. Its spread is very tight compared to other brokerages.
Depending on the account type, asset traded, and market conditions, the spread between a short and long position can be as little as zero.
The broker has leverage, which is the most attractive feature. Depending on the leverage, clients can trade assets with up to 1:3000 leverage.
Clients can use a wide range of assets for trading in Forex.
- Forex trading – 28 standard pairs plus 16 exotic currency pairs
- Precious metals: Gold, silver, platinum, and copper
- Energies – WTI and Brent crude oil
- Stocks (global only) – 40 US, 30 UK, and 30 German company shares
- Indices – a long list of stock-based indexes, including the NASDAQ
You can use the FBS Trader app or the web-based personal area to trade if you want to invest in digital currency.
Cryptos are available for trade directly, and you can trade them against each other. You can trade them now against Bitcoin or Ethereum. These are some of the many crypto/fiat pairings you can trade on our exchange.
Regulations & Licenses
Some different financial bodies regulate FBS.
- IFSC, license IFSC/60/230/TS/18
- FSCA (South Africa), license 50885
- CySEC (the EU and UK.), license 331/17
- ASIC (Australia), license ASIC 426359
There are different types of accounts that you can use. Some accounts give you more leverage than others. It’s available globally at 1:1000 on the Cent account, 1:500 on the ECN account, and 1:3000 on other account types.
There are five different types of accounts that the client can choose from. Whatever way you like to trade, you’ll find a way to do so with FBS.
You can find three commission-free accounts on FBS, and they all have no requotes. Customer support is available 24/7.
FBS created a standard account for experienced foreign exchange traders.
- Spreads start as low as 0.5 pips
- the initial deposit is $100
- leverage is available up to 1:3000
- The amount of the commission is zero.
Traders who want to trade smaller lots can use the Cents account. It isn’t ideal for experienced traders who want to trade more significant amounts because of the fees.
- Spreads start at one pip
- leverage is up to 1:1000
- the minimum deposit is $1
- The commission is $0.
The Micro accounts are the perfect way to get your feet wet trading Forex.
- Fixed spreads start at three pips
- leverage is up to 1:3000
- The commission is $0
Zero Spread Account
A Zero Spread Account is a strategy used by professional traders who want to limit their risk. This type of account is also for those who wish to instant execution of transactions.
- The minimum deposit amount is $500
- leverage is up to 1:3000
- The commission starts from $20
The ECN account is for an experienced trader who wants access to deep market liquidity.
- The minimum deposit is $1000
- spreads are floating by market conditions
- leverage is up to 1:500
- The commission is $6 per lot.
Cryptocurrency is a new asset class. But it is popular among traders worldwide.
You can use the Crypto account to get involved with cryptocurrencies or learn more about them.
You need to set a minimum deposit of at least $1, and you can leverage your investment as much as you want.
- The minimum deposit is $1
- leverage is up to 1:5
- The commission is 0.05% for opening and 0.05% for closing positions.
Deposits & Withdrawals
FBS clients can use any primary payment processor and local money exchangers to make deposits.
Withdrawals are processed within 24 hours. They will usually be processed the first hour after your withdrawal request and may take 3 to 5 business days to show up in your account. Fees vary based on the type.
MetaTrader 4 is a powerful and versatile trading platform. An intuitive user interface allows users to trade futures, stocks, options, Forex, and commodities.
English, French, German, Japanese, Korean, Portuguese, and Spanish are some languages supported by MT4. It is possible to trade with the benefit of real-time prices with this software.
MetaTrader 4 Features
- Data exchange between the client terminal and the platform server is protected.
- There is the possibility to create, buy, and use expert advisors.
- There are 50 indicators and charting tools used in technical analysis.
- There is one-click trading and news.
- There are four different types of pending orders.
- Hedging positions
- VPS service support
MetaTrader 5 is a complete successor to MetaTrader 4. You can trade with confidence by using a more flexible trading platform, which offers best practices and a more intuitive user interface.
This broker has just added MT5 integration to its lineup of products. It’s a great new tool for traders to leverage.
FBS Trader App
The owner and CEO have ensured that the app is free and easy to use. You can obtain it from the Play store. The FBS trader app offers Real-time statistics and easy management.
The CopyTrade solution from FBS gives beginners the same high-profit trades as professionals. The system allows both experienced and new traders to use it with ease.
A client can use the mobile app to compare different traders, allocate funds to various instruments and create their trading portfolios.
For new Traders, FBS copy trading services give the first three trade risk-free. Clients should click to opt-in to the free promotion and then select three traders to copy up to a value of $100 each. If the trades close in profit, you receive the profits for your efforts.
FBS will return your original deposit if the results don’t meet your expectations.
How to open an FBS account?
Click on the “Open Account” button at the top of the FBS website. Proceed to the personal area.
Before trading with FBS, you must first pass a profile verification. Confirm your email address and phone number, get your ID-verified. With this procedure, your funds and identity are guaranteed.
After you’re done with all the checks, and now it’s time to start trading. Go to the preferred platform, and get going.
How to withdraw from FBS?
There is a straightforward procedure. You can go to the withdrawal page on the website or the finance section of the personal area.
You can use the same payment system that you used to deposit your funds.