FBS Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
FBS is a worldwide forex and CFD brokerage firm that was established in 2009.
The company is completely regulated by government organizations in both Cyprus
and Belize, where it is registered, as well as in Cyprus. As a result of this,
the Cyprus-based branch of FBS adheres to all of the restrictions established by
the European Securities and Markets Authority (ESMA). As a result, the maximum
leverage that may be offered to clients situated in the EU is 1:30. On the other
hand, there are no such restrictions imposed on foreign customers who are
allocated to the branch that is governed by Belize; in some instances, the
leverage can be as high as 1:3.000. Visit FBS Website.
Since it was first established, FBS has been recognized with a great deal of acclaim, notably for the work it has done throughout Asia. The Best Forex Broker in Southeast Asia, the Best Customer Service Broker in Asia 2016, and the Best Forex Trading Account all made the list. Although accolades of this nature may not always provide an exact reflection of the quality of a brand's products, they do demonstrate that the broker in question has a specific track record in the sector that spans a number of years.
When it comes to trading platforms, FBS provides its customers with not just the two traditional platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but also with a brand-new, in-house developed mobile platform known as FBS Trader. Trading forex and CFDs on the move has never been easier than it is with FBS Trader, which is compatible with all mobile devices running iOS and Android and features an interface that is both well-designed and easy to use. The platform is, in the words of the broker, "as strong as MetaTrader, but much easier."
The sorts of accounts that FBS makes available change based on the country in which the company is operating. While traders based in the EU are only able to access a Standard Account and a Cent Account, both of which have a maximum leverage of 1:30, international FBS clients will be required to sign up for one of the following five trading accounts: Standard Account, Cent Account, Mini Account, Zero Account, or Zero Account.
- Penny Savings Account
- A Very Small Account
- The Most Basic Type of Account
- Accounts with no commission or spread
- Account on the ECN
The first four of them are all structured according to the STP (straight-through processing) concept. The minimum initial deposit that is required for the Cent Account is merely one dollar (USD), and dynamic spreads begin at just one pip. Because of this, it is an excellent account for beginning traders who want to get their feet wet in the market without making a significant financial commitment.
In addition, the Micro Account continues to have an extremely low minimum deposit of only USD 5, but the spreads here are set and begin at 3 pips.
The next type of account is called a Standard Account, and it requires an initial deposit of $100 in addition to having a variable spread that begins at 0.5 pip. Additionally, it comes with a very significant level of trading leverage, which can go as high as 1:3000. This makes FBS one of the brokers in the business that offers the largest leverage possible.
The Zero Spread Account provides the same level of trading leverage as the standard account, but it features spreads that are always 0 pips wide and commissions that start at USD 20 per lot. The minimum deposit requirement at this casino is $500 USD.
Last but not least, the ECN (electronic communications network) Account offers a commission that is lower at USD 6, but it needs an initial deposit of $1,000 in order to begin trading. This type of account is designed for professional traders who trade more frequently and with larger size than the majority of private "hobby traders." There are no trading limits with this account type. The maximum leverage that may be used with an ECN Account is presently set to 1:500, which is in line with the norm that the industry has established for offshore brokers.
On FBS, customers may make deposits and withdrawals using a variety of different methods, depending on the kind of money they choose to use for their transactions. The broker does not charge any fees for accepting deposits made through any of the available financing channels other than Sticpay. Unfortunately, withdrawals are subject to transaction fees, which can range from 0.5 percent to 2 percent of the total amount withdrawn depending on the payment method selected. The broker advises that certain withdrawal requests may take up to 48 hours to process, despite the fact that the vast majority of withdrawal requests are processed within 15 to 20 minutes.
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Last but not least, FBS provides customer assistance through either a callback function or a live chat feature that may be accessed on the website. On the other hand, the website does not include any phone numbers that visitors may use to directly contact the broker, which, in our opinion, is a disappointing omission for a big international forex broker. In addition, those who would rather communicate with the broker using a messaging app have the option to do so. Some popular messaging applications are WeChat, Telegram, and Facebook Messenger.
FBS is a well-regulated worldwide CFD broker that provides trading on a variety of assets. These assets include Forex, metals, energy, indices, equities, and over 35 cryptocurrencies. This is a wider selection of assets than is generally offered by other brokers.
FBS provides traders of all levels of expertise with a variety of account options to choose from. On the other hand, trading expenses are cheaper than those of other STP/ECN brokers, and its commission-free accounts have typical spreads that are as tight as 0.8 pips (EUR/USD.
The spreads on its ECN accounts are likewise tight, ranging from 0.1 to 0
pips (EUR/USD). However, this comes at a cost, since the commission on its ECN
Account is 6 USD and the commission on its Zero Spread Account is 20 USD. These
fees are significantly more than those charged by other brokers.
FBS provides complete support for the MT4 and MT5 trading platforms, in addition to its own unique trading application, the FBS Trader App. In addition, FBS provides its clients with a copy trading platform as well as a free virtual private server (VPS) service if the client trades more than three lots in a given month and deposits more than 450 USD.
When compared to other brokers, FBS offers novice traders a warm and inviting environment, as well as a superior collection of instructional and market research resources. the UAEns are eligible for a variety of sign-up bonuses offered by FBS, however the available payment options are restricted, and the fees charged for withdrawals are somewhat high.
FBS is a Russian forex and CFD broker that was established in 2009 and is regulated by the Australian Securities Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. All three of these regulatory agencies are located in their respective home countries. Since it was first established, it has rapidly developed into one of the most successful brokers operating in the Asian market.
All of FBS's European activities are now coordinated from its regional headquarters in Cyprus, which became regulated by CySEC in 2017 through the company's subsidiary, Tradestone Ltd. FBS is subject to oversight by the International Financial Services Commission (IFSC) in Belize on a global scale. The company also maintains offices in a number of nations in Southeast Asia, including China, Indonesia, South Korea, the UAE, Thailand, and Myanmar. The following is a list of the firms that the FBS regulates:
The Australian Securities and Investments Commission (ASIC) has issued a license to Intelligent Financial Markets Pty Ltd with the number 426359.
FBS Markets Inc. is subject to oversight by the IFSC and holds the license number IFSC/000102/124. Their headquarters may be found at 2118 Guava Street, Belize Belama Phase 1, Belize.
Company registration number 353534 belongs to Tradestone Ltd., which has been granted authorization and regulation by the Cyprus Securities and Exchange Commission of the Republic of Cyprus.
In South Africa, the Financial Sector Conduct Authority (FSCA) issues licenses, and number 50885 is assigned to FBS Markets Pty Ltd.
Researchers made the discovery in October 2020 that a data breach had occurred on an insecure server known as ElasticSearch. This breach had exposed the private records of 16 million traders who had accounts at FBS. Among the sensitive facts that were contained inside the records were people's names, passwords, email addresses, national identification cards, bank statements, and credit card information. The group of ethical hackers led by Wizcase discovered that the server had been left exposed without any encryption or password security, and that the data could be accessed by anybody. Before the discovery was made, it was unknown how long the server had been left vulnerable before it was found. FBS took swift action to safeguard the server; nonetheless, this error might have resulted in frauds, phishing, and other forms of assault against FBS customers. Therefore, customers should exercise extreme caution before disclosing any private information over the phone or over email.
Traders from the UAE will do their business through FBS Markets Inc., which is authorized and regulated by the International Financial Services Commission (IFSC) in Belize. The International Financial Services Commission (IFSC) mandates that brokers store client funds in separate accounts and provide monthly statements to their customers. However, the IFSC does not mandate that brokers provide negative balance protection or restrict leverage in order to safeguard their traders.
As a result, FBS keeps all client money separate from its operational capital, and it also provides clients with monthly statements; nevertheless, it does not provide clients in the UAE with protection against negative balances. Additionally, FBS has some of the greatest leverage levels accessible at any broker, with some of its account types allowing for as much as a 3000:1 leverage ratio. It also only requires a minimum deposit of 1 to 5 USD on its commission-free accounts, which, in combination with the high leverage, makes it difficult to hold a substantial trading position without getting stopped out and losing the money in your trading account. The commission-free accounts are only available to customers in the United States. In general, this action on the side of the broker might be characterized as irresponsible.
It is true that FBS is only regulated by two top-tier agencies (namely, ASIC and CySEC), but the company does keep client money separate from their own, has a lengthy track record of behavior, and publishes monthly statements to its customers. The general consensus is that FBS is a reliable broker to trade with; nevertheless, investors should be mindful of the data breach that occurred in 2020 and act with caution.
On most of its accounts, FBS has trading costs that are cheaper than the industry standard.
FBS is unique among brokers in that it provides a total of five distinct account types, although the majority of brokers provide just three or fewer of these options. The charges associated with trading are different for each type of account that a trader uses.
The accounts of FBS were analyzed so that the charges could be compared to those of other brokers. The expenses were determined based on the trading fees associated with one lot (100 000 USD) on the EUR/USD currency pair. These fees included the spread and the commission.
When doing this computation, we use one lot of EUR/USD as a benchmark because this currency pair is the one that is traded the most frequently and, as a result, its spread is typically the smallest.
The formula for calculating the cost of trading is as follows: spread times trade size plus commission Equals cost in secondary currency (USD).
The expenses associated with all accounts, with the exception of the Micro and Zero Spread accounts, are significantly lower than the market standard for the EUR/USD, as is evident from the table that is located above. The extremely high trading expenses for the Micro and Zero Spread accounts are caused by the set spreads of 3 pips (EUR/USD) and the commission of 20 USD on such accounts, respectively. Traders should be aware that spreads at FBS are changeable, which means that they can either widen or narrow based on the amount of trades being executed and the volatility of the market.
The point spreads at FBS are, on the whole, closer than the norm. Among brokers offering comparable services, the cost of trading one lot of EUR/USD is around 9 USD per lot on average. This may be accomplished with the Standard, Cent, and ECN accounts, as the chart on the right demonstrates; however, the ECN Account needs a minimum deposit of one thousand United States dollars.
The overnight swap charge is another important aspect of trading costs that
should be taken into consideration. This is a fee that is assessed on trades
that are left open overnight and is calculated based on the disparity in
interest rates that exist between the two currencies being exchanged. The swap
rates that FBS uses for its various financial instruments may be seen on its
website. Your open positions' swaps are automatically calculated by the trading
terminal, and the results are reported to you. FBS levies swap fees on long
positions in the EUR/USD currency pair at a rate of 3.79 percent, while short
positions incur a cost of 0.59 percent.
When compared to other brokers offering comparable services, FBS's continuing fees are far lower than the average for the majority of account types. However, these expenses are significantly higher than the average for its fixed-spread Micro Account and its Zero Spread Account.
The non-trading costs charged by FBS are comparable to those charged by other
brokers offering comparable services.
The vast majority of FBS's deposit options are completely free, although the company does charge a fee for each withdrawal option. For every credit card payment made, there is a one dollar fee assessed to the business.
On the other hand, in contrast to the vast majority of other brokers, FBS does not levy an inactivity fee on inactive accounts.
In general, the non-trading costs charged by FBS are comparable to those charged by other brokers offering comparable services.
The procedure of creating an account is straightforward, quick, and uncomplicated.
It is possible for any trader in the UAE to register an account with FBS; however, they will be required to fulfill each of the following minimum deposit amounts in order to do so:
Cent: 1 USD
Micro Account - $5 USD each month
Standard Account: One Hundred Dollars
Spread of 0: 500 US Dollars
ECN Account: a thousand dollars
At FBS, opening a live account is a simple and quick process. Although FBS also provides Corporate Accounts and Joint Accounts, the establishment of an Individual Account is the primary emphasis of this article:
To begin, you will need to go to the website's homepage, click on the "Open Account" button, and enter your name and email address.
After that, you will have the option of selecting between a Real or a Demo Account.
Following that, you will be prompted to provide information such as your complete name, date of birth, phone number, and email address.
After this stage is over, FBS will need at least two papers in order to approve you as an individual client. These documents are as follows:
Your identification must consist of a coloured scanned copy of your passport in either PDF or JPG format. Your passport must be valid (not expired).
In the event that you do not possess a passport that is in good standing, any other form of identification containing your photograph, such as a credit card or a driver's license, will suffice.
After you have finished with this step, you will need to use one of the deposit options offered by FBS to make a deposit into your selected account that is at least equal to the required minimum amount.
The verifications department will review your papers within the next 48 hours after receiving them. After all of your papers have been validated and your personal area has been completely authorized, only then will any deposits that you make be credited to your account.
Before you begin trading, you should familiarize yourself with the risk information, client agreement, and terms of business provided by FBS.
The procedure of creating an account with FBS is, on the whole, rather straightforward, and accounts are often prepared for trading within a period of 48 hours.
FBS has more account kinds than the majority of other brokers, and these account types are geared at both novice traders and those with more expertise.
There are five distinct account kinds available with FBS, each of which is geared at a specific level of trading expertise.
Inexperienced traders who have never traded before or who have been trading for a period of time that is significantly shorter than a year are considered to be beginner traders. Beginner traders typically do not like to take unnecessary financial risks by trading huge quantities of money, and they also typically are unable to trade full-time during the workweek due to other obligations. Beginner traders should often look for trading accounts that have lower required initial deposits and that provide them the ability to trade in micro-lots. On the other hand, spreads on these accounts are often bigger than those on accounts that need a larger minimum deposit.
FBS has three accounts that are beginner-friendly and have low minimum deposits but broader spreads. One of these accounts is the Cent Account, which requires a deposit of only one dollar and allows traders to trade in micro-lots.
Accounts requiring a greater minimum deposit and having narrower spreads are typically preferred by experienced traders. The Zero and ECN accounts offered by FBS are better suited for experienced traders because they require a greater minimum deposit, have tighter spreads, and charge a fee per lot traded.
FBS is a hybrid STP/ECN broker that provides its clients with five account options for market execution. Of them, three are commission-free regular trading accounts. The commission structure for the other two accounts is as follows: The maximum leverage provided varies according on the account type, with the Micro, Standard, and Zero accounts offering a maximum leverage of 1:3000, the ECN account offering a maximum leverage of 1:500, and the Cent account offering a maximum leverage of 1:1000. Trading strategies such as hedging, scalping, and algorithmic trading may now be executed, and all accounts, with the exception of the ECN Account, provide Islamic swap-free alternatives.
Beginner traders might consider opening a cent account since it enables them to trade micro-lots. The minimum deposit required is one dollar (USD), floating spreads that average 0.8 pips (EUR/USD), which is significantly narrower than spreads offered by other brokers, and leverage that may go as high as one thousand to one. Trading instruments that are supported by the Cent account include the following: 33 equities, 4 metals, indices, and 35 currency pairings. Both MT4 and MT5 are available as trading platforms for customers to use.
Standard accounts are accounts that do not charge commissions and have a minimum deposit of 100 USD. They also have variable spreads that average at 0.8 pips (EUR/USD), which is narrower than the spreads offered by other brokers, and leverage that may go up to 3000:1. The following financial markets and trading instruments are supported by the Standard account: There are 35 different currency pairings, 4 different metals, indexes, and 33 different stocks. Once more, support is provided for both MT4 and MT5 platforms.
Micro accounts have a minimum deposit requirement of 5 USD and do not charge any commissions. Spreads on the EUR/USD are fixed at 3 pips, which is larger than the spreads offered by the majority of other brokers, and leverage may go as high as 3000:1. The following financial instruments can be traded using the Micro account: Trading is available on the MT4 and MT5 platforms, and there are a total of 35 currency pairs, 4 commodities, and indices to choose from.
Those investors who are most interested in high-speed trading will find that the Zero Spread account meets all of their needs. The hefty commission on these accounts, which is 20 US Dollars each lot, makes them unattractive to the majority of traders. On the EUR/USD pair, spreads are locked in at 0 pips, leverage may go as high as 3000 to 1, and the minimum deposit required is 500 USD. The following financial instruments can be traded using the Zero Spread account: 35 currency pairs, 4 metals, and indices.
The ECN Account requires a minimum deposit of one thousand United States Dollars, variable spreads begin at 0.1 pips (EUR/USD), and a commission fee of six United States Dollars is levied every lot. Although the ECN Account has a maximum leverage of up to 500:1, users of an ECN account are only allowed to trade on 25 different FX pairs. Despite the hefty initial deposit requirement, the recurring trading charges of this ECN broker are just as modest as those imposed by other ECN brokers. The Electronic Communication Network Account (ECN Account) is the account that is best suited for experienced traders.
Free demo accounts are provided by FBS, enabling users to practice trading Forex methods with simulated capital while observing actual market conditions. Learn how to trade effectively by signing up for a practice account first. Demo accounts have a lifespan of forty days before they become invalid and are then removed without warning. When this occurs, customers have the option to start a new one.
Overall, FBS has more account choices than the majority of other brokers, and this extensive selection makes the platform appropriate for both novice traders and those with more expertise. In addition, the criteria for the minimum deposit are fair across the majority of account options, and the ongoing trading expenses are lower than the industry standard.
FBS does not charge any costs associated with deposits, however it does charge hefty fees associated with withdrawals for some payment types. In addition to this, it provides a selection of financing ways that is about average.
In accordance with the laws governing Anti-Money Laundering, FBS does not permit deposits or withdrawals to or from accounts that belong to other parties. FBS does not charge a fee for putting deposits into a live trading account; nevertheless, there are costs that may be incurred for withdrawals under certain circumstances. In addition, the amount that was deposited will be translated into either US Dollars or Euros based on the official exchange rate that was in effect on the day that the deposit was executed. Note that deposit requests made using traditional payment methods take between one and two hours to complete, but deposits made using electronic payment systems are handled immediately after they are requested.
The following is a list of the accepted payment methods at FBS:
Visa allows for quick and fee-free deposits. Withdrawals take fifteen to twenty minutes to process, and it may take anywhere from five to seven business days for the funds to reach your bank account. A commission fee of one dollar is applied to each withdrawal.
FBS enables customers to make deposits and withdrawals from and to banks located throughout the UAE via the local bank transfer service. FBS imposes an exorbitant commission price of 2 percent on deposits and withdrawals, which is particularly problematic when one considers that this fee does not take into account conversion expenses.
Skrill allows users to make free and quick deposits. The processing of withdrawals takes fifteen to twenty minutes, and users are assessed a fee equal to one percent of the amount withdrawn plus thirty-two cents.
Instantaneous and cost-free deposits are available through Neteller. The processing of withdrawals can take anywhere from ten to fifteen minutes to an hour and a half, and a commission fee of between two percent and thirty dollars might be assessed.
Sticpay has instant deposits, however there is a commission fee of 2.5 percent plus 0.3 USD added to each deposit. The processing of withdrawals might take up to 15–20 minutes, and a commission fee of 2.5 percent plus 0.3 USD is deducted from each transaction.
Deposits are processed instantly with Perfect Money, although fees may be deducted from your balance depending on the method of payment you use. The processing of withdrawals takes fifteen to twenty minutes and has a commission fee of half of one percent.
Overall, while FBS does provide a broad variety of funding ways, and deposits are often free of charge, withdrawals are costly, and all currencies are translated into EUR or USD, which means that the majority of traders will be required to pay currency conversion costs.
On its website, FBS advertises a variety of different incentives and promotions for customers to take advantage of. For instance, the broker provides a deposit bonus of one hundred percent, which doubles the amount of money that may be used for trading. For further information, kindly refer to the website.
In comparison to other brokers, FBS only supports a small number of base currencies, and the company does not provide trading accounts that are denominated in the UAEn ringgit.
The majority of national currencies may be utilized when making deposits to trading accounts; these currencies are afterwards translated into the US Dollar and the Euro. However, as FBS does not offer accounts that are denominated in MYR, the UAEns will be required to pay conversion costs whenever they make a deposit or withdraw money from their accounts. Trading might become expensive due to conversion expenses, which can also have an impact on profitability.
In this situation, it is best for traders who trade in big volumes (more than 10 lots a month) to create an account with a digital currency bank that is denominated in USD. This is especially true for trading on assets such as the EUR/USD currency pair. This is due to the fact that when trading a USD quoted currency pair with a MYR account, a tiny conversion charge will be applied to each and every trade that is executed.
Overall, compared to most other prominent international brokers, FBS offers a smaller selection of trading account currencies, and the company does not provide accounts that are denominated in MYR.
FBS offers a wider variety of trading platforms than the majority of other brokers, including MT4 and MT5, in addition to its own mobile trading platform, which is, however, only compatible with Android-based mobile devices.
In addition to providing complete support for Metatrader 4 and Metatrader 5, FBS also has its own specialized trading application called the FBS Trader (which will be discussed in detail under mobile trading).
When a trader decides to switch to a different broker, having a broker that offers third-party platforms like MT4 and MT5 might be advantageous since the trader can take their own individualized versions of the platform with them. In addition, FBS has its own own custom mobile software, which, in comparison to MT4 and MT5, is geared more toward novice traders. Unfortunately, the app is only compatible with Android devices.
Metatrader 4, often known as MT4, has shown time and again to be the most trustworthy and widely used platform in the history of the financial trading business. Its user-friendly atmosphere and straightforward interface make it possible to access all of the tools and information necessary for profitable online trading. In addition to this, it is also known for its lightning-fast execution rates, comprehensive charting tools, capacity to engage in algorithmic trading, and adaptability. Over 31 different languages may be used with MT4. The MT4 includes the following features:
A built-in library that includes more than fifty different indicators and tools to make the analysis process more streamlined.
An remarkable variety of analytical tools, each of which may be accessed in nine different periods and applied to a different financial instrument.
Automated trading, often known as algorithmic trading, is a method of trading that enables any trading strategy to be formalized and carried out in the form of an Expert Advisor.
Access to the MQL4 community as well as the MetaTrader market.
Although MT4 allows for a considerable deal of customization, the platform has a dated appearance, and it may be difficult to discover some functions. In addition, you are restricted to placing just the most fundamental orders, such as Market, Limit, Stop, and Trailing Stop. MT4 may be installed on both a PC and a Mac.
The MT5 trading platform is gaining popularity among Forex brokers, and this trend is expected to continue. It possesses a more up-to-date user interface, enables the creation of an infinite number of charts, demonstrates the Depth of the Market, and comes equipped with an Economic Calendar. In comparison to MT4, it offers a greater variety of pending order types and incorporates a chat system right within the platform. The MQL5 scripting language is more effective than its predecessor, and the charting tools available in MT5 are more sophisticated than those available in MT4. Additional capabilities of FBS's MT5 include the following:
More than ninety different technical indicators and instruments.
The ability to display 100 charts in parallel.
Display of goods to a greater depth.
There are six different forms of pending stop orders, such as Buy Stop Limit and Sell Stop Limit.
Enhanced strategy testing capabilities for algorithmic trading as well as expert advisers (EAs)
Both MT4 and MT5 are accessible through web browsers, desktop computers (PC and MAC), as well as mobile operating systems (Android and iOS).
The trading platforms offered by FBS are, on average, superior to those offered by competing brokers; nevertheless, the company's unique platform can only be accessed as a downloaded app, and it is compatible only with Android smartphones.
When compared to those of other brokers, the mobile trading platforms offered by FBS are superior. In addition to its own in-house mobile trading software, FBS provides mobile versions of both the MT4 and MT5 trading platforms.
FBS provides support for the mobile trading applications MT4 and MT5 that are
available for Android and iOS. Traders should be aware that there is a certain
loss in functionality when compared to the desktop trading platforms. This loss
in functionality includes reduced time frames and fewer charting options;
however, traders are still able to close and modify existing orders, calculate
profit and loss, and trade on the charts.
The mobile application that is bundled with MT4 is not nearly as user-friendly as the mobile version that was produced by FBS. It is intended to be compatible with the desktop MT4 program and to sync with it. In addition, it possesses a trading interface that is user-friendly and intuitive.
Traders have the ability to monitor statistics in real time, initiate and close positions, adjust existing ones, add stops to open positions, and delete working orders. In addition to this, traders have access to information on a variety of contract types, order volume, current ask/bid prices, as well as take profit and stop loss orders.
Traders should be aware that the FBS Trader app may only be downloaded on Android smartphones at this time.
The mobile trading experience provided by FBS is, all things considered, superior to that provided by competing brokers.
The trading tools offered by FBS are about as good as those offered by other brokers in a comparable market, and the company does not provide any technical analysis tools like Autochartist or Trading Central.
In the area of its website devoted to trading tools, FBS provides a Currency Converter, an Economic Calendar, and a Trading Calculator; these three products are rather typical fare. It also provides a Virtual Private Server (VPS) service for traders who make a larger minimum deposit, in addition to a copy trading service that is satisfactory for both traders and investors.
FBS provides a virtual private server (VPS) option to traders who make a deposit of more than 450 USD and who trade a total of three lots in the first month of using the platform. Traders who do not trade at these volumes will be required to pay a fee of 33 USD per month in order to utilize the service. This rate is comparable to the typical cost paid by similar businesses.
On a virtual computer, traders are able to execute automated algorithmic methods, such as expert advisors, thanks to VPS hosting, which enables these strategies to be run 24 hours a day, seven days a week. Due to the fact that they are located in close proximity to the world's most important financial exchanges, virtual private server (VPS) providers never face the risk of experiencing connectivity problems and offer exceptionally low latency.
The FBS CopyTrade App makes the copy trading service offered by FBS available to users. Traders are able to mimic the transactions of more seasoned investors with the use of this software (signal providers). The commission rate for signal providers is predetermined at 5% of the total value of all transactions that are successfully concluded. Functionality is one of the many advantages offered by the copy trading platform provided by FBS. It provides a variety of different copy trading modes, and there is no restriction on the number of Strategy Providers that may be adhered to.
Overall, copy trading is beneficial for traders who have an interest in the financial markets but lack the necessary expertise and understanding to participate effectively in such areas.
In comparison to other prominent international brokers, FBS provides a variety of trading tools that is on level with the industry average.
When compared to other brokers offering comparable services, the selection of financial assets that FBS makes available to customers is more limited; however, the company does provide a greater selection of cryptocurrency options.
Forex, shares, commodities, indices, cryptocurrencies, and energies are some of the financial assets available for trading using the CFD platform offered by FBS.
Forex: FBS offers trading in just 37 currency pairs, which is a little fewer than the average number of currency pairs offered by other forex brokers. There are three major currency pairs, three minor currency pairs, and three exotic currency pairs. These include the EUR/USD, GBP/USD, and USD/JPY. The leverage available on Forex pairings might be as high as 3,000:1 depending on the trading account used.
Share CFDs: The number of share CFDs that FBS provides, 96, is low when compared to those provided by other prominent international brokers. The assortment that is offered comprises some of the most important exchanges in the United States, the United Kingdom, and Europe. The maximum leverage that may be used to share CFDs is 1:100.
Indices: The trading options for indices at FBS are restricted, with only 12 indices accessible, as compared to the extensive range of indices offered by other brokers in a similar vein. The most widely used indexes are those that include the stock prices of a variety of the world's most successful and well-known corporations. On indices, leverage can go as high as 1:33.
Metals FBs only allows trading on four different metals, which is a very less selection than what is often offered by other brokers. The vast majority of other brokers provide between five and ten different metals. Gold, silver, platinum, and palladium are all examples of precious metals that fall within this category. On metals, the leverage may go as high as 1:333.
Energies: FBS allows trading on five different energies, which is again a restricted offering when compared to what can be found at other brokers who provide a comparable service. On energies, leverage may go as high as 1:33.
Cryptocurrencies: Cryptocurrency trading is only available on the FBS Trader app, and FBS allows trading on an impressively high number of currency pairings. Cryptocurrency trading is only available on the FBS Trader app. On some combinations, the leverage can reach up to 1:5.
In general, the variety of trading instruments that is offered by FBS ought to be considered the basic minimum and is not sufficient for the needs of professional customers. On the other hand, FBS allows trading on over 35 different cryptocurrencies, which is a significantly larger number than what is often provided by other brokerages.
FBS is one of the top brokers for new traders since its education part is thorough and well-organized, and its market analysis is current and clearly explained. Unusually, customer assistance is available around the clock, which is a really positive change in an industry where 24/5 is the standard. This is of tremendous assistance to novice traders, the majority of whom will open trading accounts during the course of the weekend.
When compared to the majority of other brokers, FBS provides a larger range of instructional resources, and these materials are appropriate for traders of all experience levels, including novices.
The education area of FBS is both well-organized and well-structured, and all of the content is provided free of charge. The field of education is composed of the following five subfields:
The Forex Guidebook is at the heart of the education area and is widely regarded as one of the most comprehensive resources available on forex trading. It is organized into chapters that cover topics such as the basics, elementary, intermediate, and advanced trading, respectively. This manual will be valuable to practically all of its readers, at least in some capacity.
Tips for Traders is a blog that is constantly updated and has entries that are both informative and casual. These postings address many areas of trading in a variety of formats. The Triple Screen Trading Strategy and the Bill Williams Fractals Indicator are just two of the more recent blog postings.
Webinars are presented here, along with their respective schedules and registration forms. Registration for FBS's weekly webinars, which are held from the company's office in Moscow, is a straightforward process.
Video Lessons are, as you might think, a collection of brief movies that address many areas of forex trading. These are beneficial for individuals who choose viewing to reading, although they are not as thorough as the Guidebook.
Glossary: FBS provides a comprehensive glossary of Forex words for its clients.
In general, the material that is offered through FBS's education area is more in-depth than the options that are presented by other brokers.
The majority of other leading international brokers are far more advanced than FBS' market research.
The FBS Market Study is composed of a combination of a fundamental analysis and a technical analysis. The fundamental analysis is more in-depth and provides Forex traders with fundamental coverage of major themes. In contrast, the technical analysis has some restrictions on its scope.
All visitors are not charged for access to the market analysis resources that are available at FBS, and these materials are organized into three distinct sections:
Forex News is a regular news feed that covers the main events that occurred during the day that will have a significant impact on forex transactions. It is clear and straightforward, with frequent updates, and it is written really well.
Daily Market Analysis - In this section, you will discover brief articles that provide insightful analysis on the happenings of the previous day. These articles are very helpful for beginner traders.
Forex TV is a video library that covers a wide range of topics, from advised trading plans for the upcoming week to recorded webinars from the past. The trading programs, in particular, are helpful for traders who are just starting out.
Overall, FBS provides a variety of market analysis resources that are helpful for traders of all experience levels. However, compared to what is provided by other brokers, the materials provided by FBS are not as thorough.
The client support that is provided by FBS is superior to that which is provided by other brokers.
This is extraordinary for an industry where the norm is to provide support for customers 24 hours a day, 5 days a week, and in the official language of the sector. Support is offered in a total of 14 different languages, including Malay, and may be accessed via email, live chat, and social media platforms.
We found the customer service representatives to be helpful, courteous, and quick to respond. They were able to provide answers to all of our queries that were to our satisfaction.
When it comes to evaluating the partners, we place a high priority on being open and transparent. We have disclosed our review process, which includes a full analysis of the FBS offering, in an effort to bring openness to the forefront of the conversation. The assessment of the dependability of the broker, the trading platform that is made available by the broker, and the trading conditions that are made available to customers are all summarized in this review and represent an integral part of the process. The performance of each of these factors is evaluated, and then an overall score is tallied and given to the broker.
Forex trading is fraught with peril, and every broker is obligated to inform its clients of the dangers inherent in the trading of forex-related contracts for difference (CFDs). You should be aware that CFDs are complicated financial products that have a significant risk of incurring losses in a short period of time owing to the use of leverage. When it comes to trading CFDs with this supplier, 76.2 percent of retail accounts wind up losing money. You need to ask yourself if you have an understanding of how contracts for difference (CFDs) operate and if you have the financial means to face the significant risk of losing your money.
FBS is a big online international STP/ECN broker that offers five live accounts. Although the trading conditions offered by these accounts are ordinary when compared to those offered by other international brokers, these accounts are ideal for traders of all skill levels. On its entry-level accounts, it allows micro-lot trading and requires a modest initial deposit, however the spreads it provides are lower on accounts that need a greater minimum deposit. On the other hand, FBS has exceptionally high costs associated with withdrawals and only supports accounts denominated in US Dollars and Euros. In addition to its own trading software, FBS supports MetaTrader 4 and MetaTrader 5, and the company also provides a respectable copy trading platform in addition to a virtual private server (VPS) service for traders who deposit more than 450 US dollars. In addition, FBS provides fantastic instructional and market analysis tools, and the company has an exceptional customer support team that is available around the clock.
Finding a reliable broker without having to spend a lot of money creating
accounts on a variety of websites in order to test and evaluate them is never a
simple task. If you read our evaluations, however, you will be pointed in the
direction of the trading platforms that do, in fact, need your attention and
that have the potential to alter the course of your entire strategy. Today, we
would like to introduce you to a whole new broker for you to think about. Read
our evaluations of FBS to determine whether or not this trading platform is a
good fit for your Forex-related needs, interests, and preferences.
The Fundamentals Concerning the FBS Company and Organization
FBS is not your typical broker that is located in a certain region and does business there. It is a typical platform for conducting business on a global scale, and it has several offices located in different parts of the world. The primary administrative and governing hubs of FBS may be found in the Asian nations of Indonesia, the UAE, and China respectively. The firm that is now known as FBS broker was founded in the year 2009, and only a few short months after the company was created, the platform applied for and was granted an official license to operate in the foreign exchange market and the financial services industry. Because the broker does not belong to any single nationality or country, it operates under its own unique regulatory framework. FBS has decided to go with a form of self-regulation and has engaged an independent governing body to oversee its operations called the "Centre for Regulation in OTC Financial Instruments and Technologies" (CRFIN). Despite the fact that CRFIN is not a typical state or national regulatory organization, it is nevertheless able to manage the security feature in an excellent manner. This ensures that the customer's personal information, as well as his or her money, is kept in a secure location.
The customer support services offered by FBS are accessible around the clock, seven days a week, and, as you might expect given the global nature of the FBS platform, they are offered in a variety of languages, including English, Korean, Arabic, Thai, Russian, Lithuanian, Vietnamese, Spanish, Portuguese, Malay, Indonesian, and Chinese. Other languages may be added in the future. You are welcome to call the FBS customer service personnel or send them an email to get in touch with them.
The audience of the Forex broker FBS may take use of a wide variety of exciting extras, trading instruments, and alternatives. The leverage available to you is 1000:1, the spreads are floating, and the minimum required is 1 pip. They differentiate themselves on the basis of the several account kinds that may be created on this website. Choose between the Cent account, which is the most common type of mini account, which requires a minimum deposit of $1, the micro account, which requires a minimum deposit of $5, and the Unlimited account, which requires a minimum deposit of $500 but covers the most fundamental ECN Forex broker features (FBS is in general a Market maker type of trading platform). A credit card or debit card, WebMoney, Skrill MoneyBookers, Perfect Money, Neteller, OK Pay, Dixipay, EgoPay, and wire transfers from regular banks are the payment options that may be used for deposits and withdrawals. Only the most often used currencies, the US Dollar and the Euro, are supported when creating an account with FBS.
In addition to its cutting-edge facilities, the FBS broker can boast of its excellent and alluring incentive program. Visit the website of the FBS to learn more about the currently available bonuses:
– Demo account
Using the demo account does not cost you anything, so you may do a speedy and accurate evaluation of the FBS platform at any time. This serves as a kind of bonus. To help you determine whether or not this is the kind of broker you want to work with, you will be given the opportunity to practice trading without having to risk any of your own money.
- No deposit bonus
Only the Cent (mini) account type is eligible for this promotion, and if you want to take advantage of it, you will get the $5 Self-Rebate Bonus not until after you have completed your FBS registration but before you have made your first deposit.
You might win up to $15 for each of your subsequent transactions. The bonus applies to both the deposits and the withdrawals made by the player.
- 100 percent deposit bonus
When you make a deposit, the total amount of the money you put in will be returned to you in full at any time. Your return on investment will increase dramatically if you double it!
As a result of the fact that FBS broker utilizes two distinct trading platforms, it might be challenging to choose which one to employ and whether or not either platform is secure and dependable enough. Check out the several kinds of software that are used to build the FBS website, and make sure that both of them are reliable enough:
— MetaTrader 4 is widely used throughout the trading community, and as a result, every trader is aware that this platform provides the finest opportunity to execute transactions in a speedy and error-free manner.
– It is not necessary to install or download the FBS Trader 4 program in order to use it because it is web-based and owned by FBS broker.
The abbreviation "FBS" refers to "Financial Brokerage Services." Although it has operations on a global scale, the company's headquarters are located in Belize, in Central America, where it was established in 2009. It has a number of offices in other countries, including China, Indonesia, and the UAE. They are subject to the regulations and certifications of two different regulatory bodies, namely the International Financial Services Commission of Belize and the National Association of Forex Dealers of Russia. Both of these institutions are located in Russia. The FBS ensures the security of clients as well as the transparency and integrity of business transactions thanks to the possession of the two licenses. As a trader, it is imperative that you be aware of, and even make contact with, the official regulator of the broker firm in which you have an interest in order to gather information on the manner in which they do their business (e.g. were they ever blacklisted or subject to penalties and sanctions, etc.). That is the first thing you should do before selecting a broker to work with as a business partner.
After you have created an account, the trading platform will become your primary instrument for conducting business. A trading platform need to be well-equipped with a wide variety of choices and characteristics that will make trading less difficult.
The FBS brokerage firm provides its clients with a platform called FBS Trader 4, which is based on Meta Trader 4. It is a platform that may be downloaded. Even when the connection is moving at a snail's pace, the platform may still be used normally without experiencing any interruptions. Additionally, it allows for automated trading. In addition to that, there is the web-based FBS MT 4 platform that is compatible with Windows, MAC OS, Android, and iOS. This particular version of the web browser is trustworthy and allows for the transmission of data in a safe manner. As a client of this broker, you ought to have no cause for concern regarding the trading platform you employ because FBS utilizes the most well-known and user-friendly platforms. The FBS Forex mobile app may be downloaded from Google Play and the Apple Store for use on mobile devices running Android and iOS. You will be able to engage in more unrestricted commerce as a result of the simplified access.
The FBS broker provides their clients and traders with a choice between four different account kinds. The Cent Account was developed specifically for first-time traders to make their entry into the foreign exchange market easier. This indicates that they are able to deposit relatively little sums (for example, one dollar), and they are granted access to trial out the platform, the currency pairs, and the market in general. Register for the Standard Account when you have utilized the Cent Account for a sufficient period of time and believe that you are prepared to engage in legitimate commercial activities. This account is reserved for more seasoned market participants. The Fixed Spread Account is yet another type of account that is suitable for novices and comes highly suggested to them. This is a wonderful choice for other traders as well, particularly those who wish to minimize the amount of their money that are put at risk. When referring to spreads, the term "fixed" indicates that the spread does not change regardless of what occurs in the market (at least most of the time). The last account, known as the limitless account, is recommended primarily for use by businesspeople and financial specialists.
Beginners can open a Cent account, which requires a minimum deposit of $1.
Standard Account: Designed for Traders with More Experience
Fixed Spread Account is designed for traders who are not willing to take risks.
Accounts without limits are available to seasoned professionals and investors
The various trading accounts each come with their own unique set of perks and fees.
This broker does not levy any commissions or other fees on the trades their clients execute. They do this instead by charging spreads. This indicates that they will impose a further spread on a currency pair. Again, this is dependent on the account that is being used to make the trade. A minimum spread of one pip is required for standard accounts to begin trading. When using an account with unlimited trades, the spread will begin at 0.2 pip increments. In both instances, these spreads are considered to be floating spreads.
The FBS hosts a monthly demo contest in which participants can compete for enticing prizes such as the following:
The first prize is $450, the second prize is $250, the third reward is $150, and the fourth prize is $100. $100
Fifth Prize $50
Another attractive perk offered by FBS is the free FBS Master Card, which is made available to traders who make a deposit of $500 or more.
The FBS Forex broker allows the use of the following payment methods: wire transfer, regular pay, visa, master card, neteller, skrill, yuupay, webmoney, perfect money, okpay, sahib exchange, and ZAW Forex Service. Only YuuPay and Skrill impose a commission fee on deposits; all other methods are free of charge. YuuPay's fee is three percent, and Skrill's is seven and a half percent. In most cases, you will be required to pay a charge in order to make a withdrawal. For Bank Transfer, the fee is predetermined and amounts to $30, however for the other payment methods, the fee is calculated as a percentage of the total (e.g. WebMoney 0.8 percent ). The time it takes to carry out an order can range from instant to three days on average, with the exception of bank transfers, which can occasionally take up to seven days.
The FBS, being a respectable firm and a broker, is aware of how important it is to have an effective customer support service. Since the majority of the company's transactions take place in Asia, it is only logical that the customer service department makes an effort to provide assistance in as many Asian languages as is feasible, without ignoring the languages spoken in Europe. In addition to English, their website is offered in a total of 11 different languages. The languages that make up this group include Arabic, Chinese, Korean, Malay, Thai, Indonesian, Vietnamese, Russian, Lithuanian, Spanish, and Portuguese. Traders who have problems, questions, or enquiries can get in touch with the customer support team at any time, day or night. They will be assisted in a courteous manner by the Customer Support team in the resolution of their problems. You may get in touch with the customer support team by Live Chat, e-mail, or the phone.
According to the information provided in the FBS forex review, you may add
cash to your account using a variety of different payment methods, including
credit cards, debit cards, Neteller, PerfectMoney, Skrill, Sticpay, and many
The minimum deposit can be anything from one dollar all the way up to one thousand dollars, depending on the kind of account. At FBS, withdrawals will cost you more money. This was covered in the commission and charge section before. Make sure that you have a look at the table to get an idea of how much money you may take out of your account using the various withdrawal methods. Your account will typically display the transfer within a maximum of forty-eight hours after the transaction has been completed.
The customer service department of FBS is open 24 hours a day, seven days a week, and may be reached via phone, email, or live chat. You may also contact them through the various social media platforms in order to have access to their services in a hurry. Have conversations with them via Telegram, WhatsApp, and the Messenger service on Facebook.
According to the findings of our research of the broker FBS, the customer support will answer within about twenty-four hours. In the event that you have any more questions or are curious about further information while you are awaiting a response, the FBS website contains a large number of articles that address frequently asked questions as well as quick readings that will familiarize you with the website.
Is FBS Broker Safe? When it comes to brokers, it is vital to ask questions concerning regulation; therefore, the question here is whether or not FBS is regulated. The answer is unequivocally and unquestionably yes. Given that the broker has been in business for more than a decade, FBS regulation has been properly licensed.
The FBS rule enables the website to adhere to the licensing based on any user's country, provided that the platform has that information accessible. To reiterate, CySEC, IFSC, FSCA, and ASIC are the regulatory bodies that oversee FBS's operations.
The section of our FBS forex review in which we will begin demonstrating how consumers may get started on their trading experience with FBS has finally arrived. The step-by-step guide to beginning your trading career with FBS may be found below.
First thing you need to do is open a trading account.
The first thing you need to do is go to the FBS website and click the button that says "open account" in the upper right corner of the page. The next step is to either provide the requested personal information in the form or to join up using your existing Google, Apple ID, or Facebook account.
Step 2: Confirm That You Are Who You Say You Are
In order to go to the next stage, you will be required to provide a photo ID that may be used to verify your identity. This step is necessary since FBS is a regulated broker. In order for you to utilize all of the services, including depositing money and utilizing the other types of accounts, you will need to complete this step.
Step 3: Deposit Funds
After your account has been verified, which should take about twenty-four hours, you will then be able to start depositing money. Check the details of your account type to determine the minimum deposit amount, which can be anything from one dollar to one thousand dollars.
The next step is to begin trading with FBS.
You are now able to begin trading on the FBS platform after you have successfully financed your account. You are free to install either MetaTrader 4 or MetaTrader 5, whichever one best suits your needs. To get started trading, you may also get the FBS Trader app for your device and use that. You need to navigate to the trading platform that you will connect with FBS and look for the CFD or FX that you want to start trading.
If you want to bet long on your position, all you have to do is hit the purchase button, and if you want to bet short, all you have to do is press the sale button. You also have the choice to establish a take profit and stop loss, both of which are subject to modification according to the trading technique you choose.
FBS is a trustworthy and well-known broker that can readily cater to your requirements, regardless of whether you have prior expertise or are a novice when it comes to investing in forex and CFDs. Throughout the entirety of this analysis of the broker FBS, we have provided you with all the information you want concerning this global online trading platform.
FBS is an online forex broker that was established in 2009 and has swiftly acquired pace and retains a sterling image among its traders. As a result, the company has achieved a continuous rate of new membership of 10,000 per day, even after 12 years have passed since its inception. Over 17 million traders are members of FBS, and in addition to the foreign exchange market (Forex), they may also trade contracts for difference (CFDs), stocks, and other assets. The company offers a leverage of up to 1:3000 to its international customers (in accordance with the rules of IFSC and FCSA), whilst the leverage offered to its European Union and United Kingdom customers (in accordance with the requirements of CySEC) is up to 1:500. The maximum leverage that can be offered to Australian customers is 1:30, as per ASIC law. The vast majority of instruments and accounts do not come with any kind of commission attached to them. Since the beginning of the year 2020, FBS has been an official trade partner of FC Barcelona. The month of May 2021 saw FBS take on the role as major partner for Leicester City.
FBS is able to inspire trust in its traders in over 150 countries as a result of the stringent regulation it receives from CySEC, ASIC, IFSC, and the FSCA, in addition to the rock-solid trading foundations it was built on. The foundation of the FBS is a model that is a cross of Straight Through Processing and Electronic Communications Network. FBS traders are eligible for some of the lowest capital requirements in the market and have access to a comprehensive range of trading education resources, including videos, webinars, and articles, all of which can be found on the FBS website. FBS is able to competently welcome and assist in the development of any type of trader because to its extensive variety of account types and additional features.
Large amounts of leverage, up to 1:3000. (for non-EU customers only) suits higher-risk traders well.
Execution of transactions is lightning quick, taking less than 0.40 seconds for 95 percent of all deals.
On most accounts, you may take advantage of low spreads and fees (starting at 0 pips).
Clients are able to try different methods with the use of free demo accounts available for every account type.
FBS Trader is a free trading platform software that allows users to trade from any location (for the non-ASIC regulated regions only).
FBS CopyTrade, a free social trading program, is accessible for users who wish to enhance their performance and their understanding of foreign exchange by replicating the trades of other investors (for the regions under IFCA and FSCA regulations only).
Constant availability of exemplary and multilingual customer assistance is guaranteed.
Things about FBS Broker that aren't quite that great:
There are charges incurred for both deposits and withdrawals (depends on payment type).
Those from from the European Union, the United Kingdom, and Australia have fewer account options to choose from than customers from other locations.
FBS and its services may be tailored to meet the needs of virtually every trader thanks to the extensive variety of account types offered by the company; nevertheless, in general, those who do not intend to make an initial investment of a significant sum are the best candidates for FBS membership. The Cent and Micro account types are entry-level trading accounts that demand a minimum deposit of just $1 and $5, respectively, but nevertheless offer significant leverage and all of the benefits that are reserved for higher-tier accounts. Beginners have more to benefit from trading with FBS, despite the fact that more experienced traders could be better content with the ECN or Standard accounts, which increase leverage and need a greater initial deposit.
FBS has established itself as a broker eager to invest in the success of its clients with less experience by developing a trading environment that is user-friendly, highly educational, cost-effective, and easy to access. Members get access to a variety of free educational resources, including video lessons, currency guidebooks and webinars, eBooks, and entire seminars. It is also important to note that FBS frequently offers promotions that assist traders become familiar with new markets and concepts while also rewarding them for their participation in these promotions (for the regions under IFCA and FSCA regulations only).
FBS is controlled by the following:
The Securities and Exchange Commission of Cyprus (Cyprus)
Commission of Securities and Investments inside Australia (ASIC, Australia)
Provider Authorized to Deliver Authorized Financial Services (FSCA, South Africa)
IFSC stands for the International Financial Services Commission (IFCA, Belize)
FBS is a forex and CFD broker that is reputable, forward-thinking, and
customer-oriented. They have been operating for more than a decade and can be
found in over 150 countries. According to the findings of our FBS forex
analysis, FBS regulation includes licenses issued by FSCA, ASIC, IFSC, and
FBS is the preferred forex trading platform for 410 thousand partners, giving the company a base of 17 million traders. The broker has opened up a wealth of options, not only for novice traders but also for those with more experience in the financial markets. Their motto is "simple to maintain for beginners – functional to please pros."
Quite a few other organizations have also conducted FBS evaluations and have bestowed several honors onto the business over the years in recognition of its performance as a broker in forex and CFD trading. According to the information provided on their website, they also generate a total annual profit of $500 million for their customers.
Regarding the platform's ideas on diversity, we discovered some significant value in this FBS forex review, which we will now discuss. The FBS takes great pleasure in its commitment to diversity as a core principle. They provide swap-free accounts that do not violate Islamic law, and these accounts are tailored specifically for Muslim merchants.
There are several account kinds available for each trader and trading technique.
Includes compatibility with the MetaTrader 4 and MetaTrader 5 trading platforms
Trading platform that is highly regulated on a worldwide scale
Training sessions, seminars, and other special events that were professionally organized
Offers a variety of learning resources and cutting-edge trading technology for the foreign exchange market (Forex).
Demo account access for the foreign exchange market
Participation in all of their activities and seminars is completely free of charge.
24/7 client assistance
Provides a broad variety of payment options, including credit cards and debit cards, Apple Pay, and bank transfers, and there are no deposit fees associated with using any of these methods.
The ways of payment change depending on the nation.
Provides accounts with no spread that are extremely competitive
Can provide incredibly low required minimum deposits
Mobile app available
When compared to other brokers, there are less alternatives available for stocks and shares.
Trading in just CFDs and FX is available.
A modest amount of training is required for integrations in MT4 and MT5.
On FBS, investors and traders can choose to participate in a variety of markets and equity investments. In this analysis of FBS markets, we are going to talk about the five most important equities and markets that customers may trade in below.
Forex, which is also known as the foreign exchange market or the FX market, is the most actively traded market in the world. There is a daily value transaction of around $5.1 trillion, and FBS is arguably best recognized for the internet platform it provides for the foreign exchange markets.
According to the FBS forex review, several exchanges are offered, including EUR/USD, USD/JPY, GBP/USD, and AUD/USD, amongst a great deal of other options. The FBS platform, in its whole, provides access to the usual 28 currency pairings in addition to 16 exotic ones.
The term "stock market" refers to a public market that facilitates the buying, selling, and trading of shares of publicly listed firms and is also referred to as "stock exchange."
According to the assessment provided by FBS, the platform supports the trading of forty United States company shares, thirty United Kingdom business shares, and thirty German company shares. Among them are shares in Apple, Google, Facebook, and Microsoft's respective public companies.
Indices are a way to quantify the price performance of a set of securities using a defined criterion. Indices are also known as benchmarks. Investing in indices has evolved into a convenient and cost-effective method of replicating the performance of well-known benchmarks like the S&P 500 Index and the Dow Jones Industrial Average.
According to the findings of our analysis of the broker FBS, customers have the ability to trade futures on the NASDAQ and S&P 500 indexes.
Hard commodities and soft commodities are the two primary categories of commodities that trade on the commodities market. Raw resources such as metals and gases are examples of hard commodities, which may be mined and extracted. Materials that are soft are typically agricultural or derived from livestock, such as grain and wool.
According to the evaluation of the FBS broker, the only types of CFD commodities that may be traded on the FBS platform are hard commodities. Oil, natural gas, gold, and platinum are all examples of these resources.
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When trading cryptocurrencies using Bitcoin, you will often require a cryptocurrency wallet, regardless of whether you are using a social trading platform or an exchange. Cryptocurrencies are decentralized digital assets that cannot be replicated because they are based on a distributed ledger known as a blockchain.
The FBS platform enables users to trade prominent cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP in a variety of fiat currencies. According to the FBS broker review, users get access to many cryptocurrencies as well as other stocks using the FBS mobile app.
Check out some additional cryptocurrency exchanges for day trading if you are wanting to trade more cryptocurrencies and want more diversity in your deals. This will help you get more bang for your buck.
When it comes to the costs associated with using the platform, the FBS spread is one of the aspects that should receive the most attention. The FBS spread value might be modest or large, depending on the type of account that you choose to construct for yourself.
When it comes to trading forex and CFDs, the FBS trading platform delivers an experience that is both robust and up to date for customers. You will be able to trade well with the most up-to-date trading tools at your disposal, and you will be able to create your finest trading strategies with the assistance of analytical patterns.
The FBS platform is integrated with the MetaTrader 4 (MT4) software, which is one of the most important elements of the platform. The trading experience offered by MT4 is one that is streamlined and straightforward to comprehend.
If you are interested in a more flexible piece of software, the FBS platform has connectivity with MetaTrader 5, popularly known as MT5. It provides access to a greater selection of flexible trading tools, extra periods, and the opportunity to trade equities and commodities in addition to foreign exchange.
You may want to do more study on the characteristics of both the MT4 and MT5 platforms if you are still on the fence about which one to use.
Your experience in terms of trading may differ depending on which trading platform you intend to integrate with your FBS platform. However, the general experience of utilizing FBS remains the same despite the variety of accounts that are available to choose from.
In our analysis of FBS brokers, we discovered that the platform experience is difficult to compete with due to the many and diverse alternatives available when it comes to the creation of accounts. Because the platform is widely established and has been subject to stringent regulation in a large number of countries, the user experience is almost flawless.
Depending on your location, several payment options will become available to you. For instance, if you are a resident of the Philippines, FBS would provide you with the option to make payments by bank transfer from the most reputable banks in the nation. This makes it incredibly simple for people in the Philippines to sign up for accounts.
The fact that FBS places such a high importance on variety in both its client base and its trading activity is something that can only benefit the user experience provided by the platform. It is an all-in-one mobile application that can be compared to well-known platforms such as the eToro app, which ensures that it is always up to date and is compatible with mobile devices.
The options available to you through FBS may differ depending on the account you want to establish and which trading platform you intend to integrate with FBS. In this section of the FBS review, we will investigate the various charting and analysis functions, as well as the features of the application itself.
First things first, let's take a look at what the features will be like for the account that's advised for beginners. According to the review of the broker FBS, it is suggested that newcomers get started with a demo account, where they are allowed to practice using the app and learn about how the price movements function.
After the novice has gained a better understanding of the trading platform, they will be able to begin investing real money by signing up for a Cent account or a Micro account. The spread offered by FBS for the former is a floating spread beginning at 1 pip, whereas the spread offered by FBS for the latter is a fixed spread beginning at 3 pips.
It is strongly suggested that novices make use of the FBS Trader program in order to carry out transactions. Buying and selling foreign currency on this site is quite straightforward and easy to comprehend. In addition to this, the price indications that are being utilized are far easier to understand and more transparent.
According to the findings of the FBS forex review, the most suitable trading accounts for experienced investors are either the Standard, Zero-spread, or ECN accounts. Because most people trade either for a living or as a side hustle, these accounts often demand a larger initial deposit than other types of accounts because more complex or professional accounts require higher capital.
According to the research that we conducted of broker FBS, there are six different account kinds. A user has the ability to establish a variety of accounts, each of which may accept a different initial deposit amount. It is advised that customers first test out the demo version of the account they are interested in testing before upgrading to the full version of that account. This is due to the fact that users have access to many types of accounts.
In the demo version of the account, all of the tools and features are identical to those found in the actual account; however, the demo account does not require any real money to carry out transactions. Users who wish to test their mettle with a variety of account types can, in essence, utilize the demo account as a kind of trial run for those accounts.
Cent Account: The Cent account is a trading account in which the balance is displayed in cents, and transactions are carried out in cents as well. Transactions on the account are also conducted in cents. If you deposit ten dollars, for instance, you will have one dollar and one hundred cents in your account.
As a result of the fact that trading on the Cent account has a relatively minimal level of risk, it is the account type that most people who are new to forex prefer to use. Aside from this, skilled traders who are interested in experimenting with new trading tactics may find that utilizing a Cent account is an alternative that has a minimal level of risk.
People can trade smaller lot sizes with the Cent account, and opening an account with this account requires a lesser initial investment than opening any other account. According to our broker FBS review, consumers may establish a Cent account at FBS with just a single dollar as the required minimum deposit.
The following financial products may be traded with a Cent account: 35 different currency pairings, 4 different metals, indices, and 33 different equities.
On the FBS platform, the Cent account may be found on the MT4 trading terminal. Learn more about the Cent account type via first-hand experience by signing up for a sample Cent account at FBS.
The Micro Account is the Best Option for Those Who Want to Delve Into the Details of Their Trades The Micro account is the best option for those who want to get into the details of their trades. The FBS forex review indicates that the Micro account might be of assistance in the process of making exact calculations for your transactions. This is accomplished by providing remarkable instruments for measuring trading, such as the Trader's calculator.
Simply making a first deposit of $5 and having your account validated are the two requirements for opening a Micro account with FBS.
The Micro account gives traders access to the finest benefits we provide, including a bonus of 100 percent of their initial deposit, a bonus for reaching the next level, and cashback. According to the review of FBS Markets, it offers a fixed spread starting at 3 pip, leverage of up to 1:3000, and is the most suitable choice for traders who wish to advance their methods and continue to improve.
The following financial instruments can be traded using the Micro account: 35 different currency pairings and 4 different metals The Micro account is accessible on the MT4 platform within the FBS environment. If you are still afraid to utilize the actual product, you may get a feel for it by testing out a sample version first.
Regular Account Those who engage in traditional trading may find it beneficial to open a standard account with FBS. The Standard account features extremely low fees and spreads that are extremely competitive.
At FBS, you have complete control over the leverage that you use (up to 1:3000). In addition to this, you may take use of unique features such as the Level Up Bonus. Users that take advantage of this offer will receive a free bonus of one hundred percent of their original deposit, equal to one hundred dollars.
The following financial instruments can be traded with a Standard account: 35 different currency pairs, 4 different metals, indices, and 33 different stocks. On the FBS platform, you may start trading at MT4 with the Standard account.
Account with Zero Spread The Zero Spread account is the most basic type of account. It does not spread at all. Users are able to raise their earnings and improve their ability to anticipate those profits as a result of this. Even if the account has a zero-spread, this does not indicate that there are no additional fees involved in maintaining it. Take into account a commission that is equal to $20 for each lot.
Those of you who trade at rapid speeds should open a Zero Spread account since it offers the greatest conditions. The maximum number of open positions and pending orders that may be held at one time is 200. Traders have access to a leverage of 1:3000. In addition to that, customers who sign up for an account are eligible for bonuses that are equal to one hundred percent of their deposits.
The following financial products can be traded with a Zero Spread account: 35 currency pairs, as well as four different metals. On the FBS platform, the Zero Spread account may be found on the MT4 trading terminal.
ECN Account: The Electronic communication Network (ECN) account is the one to go with if you're a seasoned trader looking for the greatest possible experience in your trading. Because the ECN account enables direct transactions between buyers and sellers, there is no need for any third parties to be engaged in the process.
You are required to make an initial deposit of one thousand dollars (USD) into the ECN account before it can be opened. According to our evaluation of the broker FBS, the primary advantages of having an ECN account are the following: the best quotations with no delay, the lowest spreads (starting at -1 pip), the fastest market execution, and a broad variety of liquidity providers. Because the spread on the ECN account is so low compared to other accounts, FBS asks that you pay a fee of $6.
The ECN account gives traders access to a total of 25 different currency pairings. On the FBS platform, the ECN account is accessible through the MT4 trading terminal.
Crypto Account: Would you be willing to try your hand at trading cryptocurrency rather than the foreign exchange market? Those interested in purchasing the most recent digital asset will find this account to be quite useful.
More than a hundred different instruments may be traded using the cryptocurrency account, including coins to coins, coins to fiat, coins to metals, and many more.
The following cryptocurrency terms are available through FBs: minimal spreads, fixed leverage of 1:5, and simple deposits and withdrawals in both fiat and cryptocurrency. Please be aware that the Crypto account is only accessible through MetaTrader 5.
Review of the FBS Mobile Trader App This section of our examination of the broker FBS will be devoted to a discussion of the FBS mobile trader app. Downloads of the program may be obtained on both the iOS and Android platforms.
The process of registering for an account should just take a few minutes, but you will need to validate your account before you can make any actual deals. Those individuals who are interested in trading on the go and wish to do it using their mobile devices may consider downloading the FBS mobile trader app.
You will have access to the moving average technical indicator as well as the Bollinger bands when you use the mobile app. Additionally, the software supports two distinct chart styles, including the classic candlestick chart as well as the tick-based chart. Additionally, the program includes the following time periods for the charts: 1m, 5m, 15m, 30m, 1h, 4h, 1d, 1w, and 1m.
According to the findings of our broker FBS review, you have the ability to establish several demo accounts with FBS and access each of them via the mobile app provided by FBS. It is essential to take note that the program provides both password and biometric authentication options for the user's convenience.
FBS is a worldwide CFD broker that was established in 2009. The Cyprus
Securities and Exchange Commission (CySEC), the Australian Securities and
Investments Commission (ASIC), the International Financial Services Commission
of Belize (IFSC), and the Financial Sector Conduct Authority are some of the
international financial agencies that regulate it (FSCA)
The broker will offer somewhat different services to customers based on the legal entity they choose to create their account with. In this analysis, our primary focus is on the services offered by CySEC; however, we will also highlight material that is pertinent to the other legal bodies.
In addition to having minimal CFD costs for stocks and stock indexes, FBS does not impose an inactivity fee. The procedure for setting an account is quick and uncomplicated, and both making deposits and withdrawals is cost-free and really user-friendly. Both the customer service and the educational materials provided are of very high quality.
CFDs are the sole type of financial instrument included in FBS's product offering, which is a drawback of the company. There are just a few account base currencies available, and customers who are not located in the EU do not have any investment protection.
FBS offers typical currency CFD costs, while its stock and stock index CFD rates are significantly lower than usual. When compared to one another, the various account categories each have their own unique pricing structure. In our analysis, we focused on the Standard plan's capabilities.
We are aware that it might be challenging to evaluate the trading costs charged by various CFD brokers. How did we go about solving the issue of ensuring that their fees were transparent and comparable? We evaluated brokers by computing the total costs associated with a typical deal for a number of different items.
We chose well-known instruments from each of the asset classes, including:
CFDs on stock indexes, including the SPX and the EUSTX50
Apple and Vodafone stock contracts for difference
In forex, EURUSD, GBPUSD, AUDUSD, EURCHF, and EURGBP are the most important pairs.
The procedure for creating an FBS account is straightforward and conducted entirely online. The online application takes just five minutes to complete, and we were given approval for our account within one business day.
To create an account with FBS, you will need to follow these steps:
Please include your contact information in the following:
You have the option of using either the demo account or the genuine one.
Choose the appropriate type of account: Or, on a Centigrade Scale (Crypto account can be requested via email)
Choose the platform you'll use, as well as the basic currency.
You will need to submit a copy of your passport or other form of identification, as well as a bank statement or utility bill, in order to verify both your identity and your place of residence.
At FBS, there is no fee assessed while making a deposit of monies. You have the option of using bank transfers, credit cards, debit cards, and any of the following electronic wallets:
Available to customers of the Belize-regulated firm are the e-wallet payment methods Neteller, Skrill, Rapid, FasaPay, PerfectMoney, and STICPAY.
Buying into a leveraged position, maintaining that position for one week, and then selling it off is a common trade. We decided to go with a stake of $2,000 for the stock index and stock CFDs, while going with a position of $20,000 for the FX trades. Our leverage consisted of the following:
20:1 for stock index CFDs 5:1 for stock CFDs
30:1 for forex
These all-inclusive benchmark fees cover spreads, commissions, and financing expenses for the entirety of the brokerage industry. Let's see what the judge has to say about the FBS fees.
When withdrawing funds, FBS does not impose any fees. When it comes to taking money out of your account, you have the same options as when it comes to putting money in: bank transfers, credit/debit cards, and electronic wallets.
How do you go about taking money out of FBS?
After you have logged in to your account, go to the menu and select "Funding Management."
Choose the "Withdrawal" option.
Pick one of the available withdrawal options.
Complete the form, then click the "Confirm withdrawal" button.
FBS was established as an international broker in 2009, and it has since demonstrated its competence on the Forex Market by winning a number of major awards and developing cutting-edge technology. Its clients come from over 150 different countries. FBS was once simply a broker operating out of Belize, but in recent years they have expanded their operations to include Cyprus as well. That is of tremendous assistance and was a major factor in the company's decision to expand its services to include traders of all experience levels in Europe.
Regulated environments, which are those that are regulated by European regulation, have the effect of bringing higher capabilities to a broker by providing the broker with helpful tools and trading services that are completely approved, both of which drive FBS development even further. As we move further with our examination of FBS, we will get into its trading proposal conditions and determine whether or not they are competitive.
There are strong trading circumstances, including copy trading on MetaTrader4 and 5, spreads are believed to be cheap based on our study, and education section is extensive. FBS has been in business for a significant amount of time and offers a reliable trading environment.
On the other hand, the only trading instruments available are forex and CFDs, and the trading rules differ depending on the company. Because of this, we advise joining up with a European corporation because it provides greater transparency.
FBS is not a fraud; rather, it is a brand name used by Tradestone Limited, an investment firm that is regulated by EU and MiFID and is registered with CySEC. Tradestone Limited is a corporation that is incorporated in Cyprus.
The Marshall Islands and Belize, both of which are considered offshore zones, are home to other FBS entities. However, neither of these locations can fully validate the FBS's reliability on its own. The Belizean Financial Service Commission, sometimes known as the FSC, is primarily responsible for registering businesses rather than regulating them.
However, when used combined with regulation from the European CySEC, it transforms FBS into a broker that is complying with the legal criteria and thus provides reliable trading circumstances.
How can you keep yourself safe? Before you sign up with any trading firm, it is a necessary and recommended step to begin trading with a registered broker who is committed to adhering to stringent industry standards. In this regard, FBS has obtained a license and is in compliance with the MiFID directive. As a result, there are stringent rules regarding the protection of money, and the company stores the funds of traders in accounts that are kept separate from those of the rest of the company. This prevents the funds from being used for any other purpose, and it also enhances the capabilities of Negative Balance protection.
In addition to this, because FBS is a Cyprus Investment Firm, it is covered by the Compensation Scheme, which safeguards the client's interests in the event that the broker has financial difficulties.
Therefore, and as a result of the fact that it has obtained a license that is compliant with the MiFID directive, there are stringent rules regarding the protection of money, and FBS maintains traders' funds in segregated accounts, rendering them inaccessible for use by any other company. FBS also enhances its capabilities regarding the protection of negative balances. In addition to this, because FBS is a Cyprus Investment Firm, it is covered by the Compensation Scheme, which safeguards the client's interests in the event that the broker has financial difficulties.
Your trading volume will, without a doubt, grow as a result of increased leverage because of the likelihood that your original balance will be multiplied. This opens up a wide range of potential profit opportunities. As is customary, the amount of leverage that is made available to you will depend on a number of circumstances, including as your degree of skill, where you live, the instrument that you trade, and whether or not it is subject to regulatory limitations.
Because there are two sorts of accounts, you will have the option either to trade with a Standard spread Account starting from 1 pip, or while trading with a Cent account, you will be provided a tight spread if you choose to use that account. Therefore, the usual spread for the EUR/USD pair on a Standard account is 0.9, while the spread for the EUR/USD pair on a Cent account is 3.
In terms of the trading service itself, FBS provides clear conditions for trading through the use of popular instruments such as Forex and Metals, all of which are connected by split-second execution thanks to the STP model. Additionally, FBS makes investments in technologies that make the trading process more streamlined and user-friendly, in addition to the great execution that it offers.
However, we would not recommend the selection of instruments because it is fairly restricted. There are around 40 currency pairs, including exotic ones, that are provided for CFD trading, along with metals and energies. Additionally, there are 6 indices that are based on CFD trading. If you would like trade stocks, futures, or a larger variety of instruments, you should look at other brokers as well. Your options will be more extensive.
You may trade regardless of where you are or what is going on in your life thanks to the mobile trading apps that come standard on every platform.
FBS Trader will eventually become a platform app or a CopyTrade App, which is a highly rewarded and acknowledged social trading platform that enables following trading pros or methods. This is an excellent choice for investors or beginner traders who want to learn more effectively.
Indicators of trading activity
You will be able to take use of daily data for both fundamental and technical analysis that is broadcast into the news area, in addition to the advanced features of the MT4 that we discovered within the FBS Review. In addition to this, there are over 50 technical indicators, one-click trading, the ability to design and utilize EAs without any restrictions, and even the ability to trade with the help of a VPS service.
You may take advantage of the daily data on fundamental and technical analysis that is fed into the news area of MT4, in addition to the advanced services that are offered by this platform. In addition to this, there are over 50 technical indicators, one-click trading, the ability to design and utilize EAs without any restrictions, and even the ability to trade with the help of a VPS service.
In addition, if you trade with the international entity of FBS, you will be given the opportunity to utilize an improved version of MetaTrader5, which will be provided to you. The capabilities of this platform continue to advance, and it offers a wide variety of trading options. This platform ranks even higher than its competitors.
Another thing that has to be acknowledged is the customer support that FBS offers. FBS Customer Support is available around the clock and can be reached through a variety of channels including live chat, international phone lines, email, and even social media. This is because the broker placed a strong emphasis on providing helpful support and direction, particularly for new traders.
Without a doubt, FBS maintains a position at a quality support level, which is consistently beneficial and essential throughout the entirety of your trading procedure. FBS provides timely and pertinent responses to issues and enquiries, and the company markets itself as being customer-oriented.
FBS also offers a wide variety of educational resources and activities, all of which are geared to improve trading capabilities. Of course, these initiatives acknowledge the significance of having a solid foundation of knowledge while engaging in market trading.
This is a very helpful point for new traders to keep in mind, since first and foremost, you need to have a solid understanding of the business. Next, you should practice technique using a Demo Account, which provides endless opportunities to do so. Finally, you should go on to Live trading.
You may discover a variety of Webinars, Forex Guidebooks, many Tips for traders, Video Lessons, and resources related to the Glossary in the FBS learning center. Overall, the education offered by FBS is pretty sustainable and well structured. In addition, you will have access to a variety of additional helpful resources, such as research and analysis, which are quite necessary at every stage of a trading career.
You are able to access extra information that FBS provides in order to help its traders, in addition to the research tools that are included in the extensive library that the MetaTrader platform offers.
You may locate a Forex Calculator that has been very well developed directly on the website, as well as an Economic Calendar to monitor the news and a currency converter to make calculations more simple. In addition, FBS offers a Daily Market Analysis that was developed in-house, and it also operates Forex TV, which broadcasts all of the most recent news and updates for your improved understanding. Our concluding thoughts towards FBS are positive. Trading may take place under favorable conditions thanks to a variety of account kinds, platforms that come equipped with sophisticated tools, and customer support services that are easily accessible. Also, FBS adheres to a well-known and quite good reputation among traders, while also actively participating in social activities and being a respected official trading partner of FC Barcelona and an official principal partner of Leicester City. FBS is a principal partner of Leicester City and an official trading partner of FC Barcelona. Despite the fact that FBS Markets' execution methodology is that of a Straight Through Processing (STP) Broker, the trading fees are within the typical range. In addition, there is no room for confusion.
Sites like FBS in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.