Table of Contents
What Is FBS?
Are you a professional with lofty goals or a small-town trader? Do you want to succeed professionally in the internet trading and investing space? If the answer is yes, you’ve found the proper site.
As you may be aware, the majority of internet trading platforms wind up being connected to Ponzi scams, and they frequently cast a negative light on legitimate platforms. That’s why for today, we shall examine FBS and find out if this is the right platform for you.
A broad variety of assets may be traded on the FBS online trading platform. As the brokerage firm of FBS offers perfect leverages and margin calls, one need not begin with the finest currency pairs, commodities, and other assets with enormous cash at their disposal.
If you’re keen on learning more about FBS, then just keep on reading this review.
The fact that you’ve taken a moment to scrutinize this product before signing up should be applauded. You’ve done yourself a huge favor. Your due diligence will save you from potentially wasting your time and money.
A good bit of research always goes a long way in the fight against online scams. Creating a sustainable full-time online business is not difficult. You just need to know where to look.
Before we proceed I’d like to let you know that I’m not linked to FBS in any sort of way and I’m not trying to sell you this product.
Instead, I’d like to show you why this program should be avoided…
FBS Product Review
- Name of Product: FBS
- Owner: Undisclosed
- Type of Product: Trading Platform
- Cost of Product: Varies depending on the investment
- Who Is This Product Best For? Anyone who wants to do online trading investments
FBS Product Summary
FBS is only available in the EU and some other regions of the world. It is more than capable of assisting beginners with their first investments, but it cannot compete with the huge markets in the USA and Japan.
For a little investment, they offer a variety of tools, and as long as FBS is allowed to function in your country, these resources are available to you.
Product Rating: 60/100
Would I Recommend This Program: NO!
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Since its inception in 2009, FBS has served clients from over 150 countries, and it has distinguished itself with multiple major accolades and state-of-the-art technology on the forex market.
Although the broker was initially solely created in Belize, recently, FBS also became a Cyprus Broker. That undoubtedly aids and supported the company’s decision to extend its service to the people of Europe, benefiting both novice and experienced traders.
Regulated, set by European law environments gave brokers more possibilities, helpful tools, and completely approved trading services, which improved FBS development.
However, while FBS is a legitimate trading platform, they are unable to conduct business in countries like Japan, the USA, Canada, the UK, Iran, Myanmar, Brazil, Israel, and Malaysia.
Although this may seem like a huge red flag, there is really a reason for it.
These nations’ stricter banking laws can make it difficult for people to trade over FBS. These nations may have been difficult for FBS to obtain licenses from, hence FBS is presently avoiding them.
Note that the purpose of these licenses is to prevent companies like FBS from scamming their users. Just by chance, the nations above have stronger laws than the rest.
FBS has you opening a Live Account if you want to join the platform. You’ll be required to enter all the required information and then click on the Open an Account button.
You’ll be sent a one-time password via email to verify your account. Here’s the catch though. There are 6 international accounts made available to you, but unfortunately, EU clients can only access the Standard Account.
These are their account types:
- Cent Account – This is designed for beginners who want to try their hand at live trading. They can open an account with a minimum of $1 opening balance.
- Micro Account – This account is for traders who want to calculate their exact profits. This starts with a $5 opening balance.
- Standard Account – This is the regular account and is opened with a $100 minimum balance. It’s 100GBP for EU clients.
- Zero Spread Account – This account is meant for fast-speed traders.
- ECN Account – This account is for traders who want to try out the ECN technology on FBS.
- Demo Account – This is a demo account that simulates actual trading minus the risk of real money.
There is always going to be an account for you because the numerous accounts may meet the varying demands of a trader.
FBS employs MetaQuotes Software Corporation’s MT4 and MT5, both of which are trading platforms. They are experts in designing and building trading platforms.
MT4 was created in 2004 and MT5 in 2010, respectively. The two platforms are similar in appearance, but MT5 seems more modern and offers more functions. These platforms are accessible on mobile devices in addition to PC and MAC computers.
Other FBS Tools
Once you have an account with them, you may also use the following FBS tools:
- Personal Area Mobile App – You may use this app to access both your demo and live accounts simultaneously. You may manage your personal profile, add or withdraw money from these accounts, and more by doing this.
- Economic Calendar – Both the website and the MT5 platform have access to this. You can see here when and where events that affect the forex market will occur. The calendar may be used to predict trends and make well-informed trading decisions.
- Currency Converter – You may convert various currencies arriving from the trading platform in this way. This tool lets you convert currencies depending on the current exchange rates.
- Forex TV – This weekly marketing insight is intended to provide you with a better understanding of the trading situation for that week.
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Getting Started with FBS
As mentioned previously, the price of signing up for FBS varies depending on the type of account you set up.
FBS Ugly Truths Exposed!
#1 Does Not Operate In Many Other Markets
Despite being overseen by the Cyprus Securities and Exchange Commission and the International Financial Service of Belize in the EU, FBS does not conduct business in significant markets.
Although the services they provide are lawful, they are unable to compete in the major marketplaces. We believe that FBS’s inability to comply with regulations is the cause of this.
#2 Undisclosed Owners
Another disadvantage of FBS is that the company’s owner is unknown to us. The majority of trustworthy trading platforms are open about who their owner is. However, despite receiving recognition for its transparency, FBS refuses to reveal its ownership.
A few hosts appear in their marketing videos, but none of them are connected to the ownership or operation of FBS.
Advantages of FBS
#1 Lots Of Tools Offered For Trading
For a minimal deposit and as long as you open one of their 5 accounts, FBS offers a variety of options. Because of this, newbies may make a little investment in the application and still learn the ropes before advancing to the more advanced platforms.
#2 Low Investment Requirement
You only feel the need to spend a little amount of money at this point because FBS makes you invest just a few dollars. It’s alluring, but as you can see, they don’t serve very vast markets, so don’t count on making as much money here as you would on larger platforms.
Is FBS a Scam or a Legit Program?
FBS is reliable trading and investing platform that has won accolades for its openness and client support. However, despite winning prizes for transparency, they refuse to reveal the owners.
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