Our FBS TRADING REVIEW revolves around a brokerage service with a world presence and over 14 years of experience. Currently, the broker is lively in over 150 countries and serves over 27 million traders worldwide.
What distinguishes the brand from other offers is the particular structure of the corporate and the varied goal market. Is FBS legal? What should investors know before investing? All essential information within the article below.
FBS – what you have to know
FBS is an internet broker that began with foreign currency trading, but now offers a big selection of economic instruments, including CFDs on metals, indices, the energy sector, stocks and even CFDs based on cryptocurrencies. This gives investors all of the tools crucial to create a diversified portfolio. The important focus still stays on Forex pairs.
The big advantage of FBS is personalized trading accounts that suit different instruments and skill levels. In total, there are 7 different accounts that differ in trading instruments, commissions, spread and skill level, simply to name a couple of.
The table below summarizes different trading options in FBS.
| account name | Standard | Cent | Professional | ECN | crypto | Zero spread | micro |
| Description | For traders of all skill levels. | Low risk account for small amounts. | For large orders and trading algo. | Professional account for big orders. | For unstable digital currencies. | Easier orders and precise forecasts. | For cautious traders. |
| Skill level | Beginner Intermediate Expert | Intermediate beginner | Expert | Expert | Middle | Beginner | Beginner |
| Influence | as much as 1:3000 | as much as 1:1000 | as much as 1:2000 | as much as 1:500 | to 1:5 | as much as 1:3000 | as much as 1:3000 |
| Proliferation | easily from 0.5 pips | variable from 1 pip | easily from 0.3 pips | variable from -1 pip | fixed from 3 pips | fixed 0 pips | Fixed spread from 3 pips |
| Order | $0 | $0 | $0 | $6/lot | 0.05% for opening and 0.05% for closing positions | from $20/lot | $0 |
| Types of instrumentsFinancial assets and contracts traded on the markets. | 36 Forex Pairs, 8 Metals, 3 Energies, 11 Indices, 127 Stocks, 5 Cryptocurrency Pairs | 36 Forex Pairs, 8 Metals, 3 Energies, 11 Indices, 127 Stocks, 5 Cryptocurrency Pairs | 36 Forex Pairs, 8 Metals, 3 Energies, 11 Indices, 127 Stocks, 5 Cryptocurrency Pairs | 28 currency pairs | 30 coins, 48 fiat coins, 25 coin coins, 10 metal coins | 31 Forex pair, 2 metals | 31 Forex pair, 2 metals |
| Trading platforms | Trader MT4 MT5 FBS | MT4 MT5 | MT4 MT5 | MT4 | Trader MT5 FBS | MT4 | MT4 |
What is FBS and the way does it work within the Philippines?
FBS stands for Financial Brokerage Service and is a world online forex and CFD broker that gives trading services in over 150 countries including the Philippines. FBS offers a variety of account types to suit different trading needs, including standard accounts with fixed or floating spreads and ECN accounts with market execution and tight spreads.
FBS has a big selection of clients, from beginners to seasoned professionals. While experts get the very best deals on larger orders, beginners can benefit from a big selection of educational materials including videos, webinars and articles on the FBS website, app and its social media apps.
FBS also offers several forms of accounts to cater to different needs and trading kinds of its clients, including a demo account for beginners and several other forms of real accounts with different trading conditions and features. That’s why FBS is one of the crucial personalized traders we have heard about.
The company provides customer support in several languages, including English, Tagalog, and Cebuano, amongst others. What’s more, only 3 out of seven possible account types charge a commission, the others don’t.
Is FBS a scam or a legitimate trading platform?
Is FBS legit or is FBS scamming its investors? In our FBS trading review, we didn’t find any indications of FBS Philippines scam. On the contrary, FBS is a legitimate platform trusted by over 27 million traders worldwide.
The company has won over 70 awards for a big selection of services, including best conditions, security and reliability, mobile application, FBS IB program and for educational purposes.
The next milestones are:
- 7,000 latest accounts are opened day-after-day
- Half of the shoppers multiply their initial deposit 8-10 times
- Every 20 seconds clients ask for profits to be withdrawn
- 80% of FBS customers stick with the corporate ceaselessly
FBS Philippines Reviews: What do customers say concerning the platform?
During our FBS review, we checked various review sources to get a clearer picture of other users’ experiences. Overall, the platform receives mixed reviews, which will likely be a superb sign for its legitimacy. While it’s praised for its user-friendly interface and great trading conditions, others criticize the slow withdrawal process. The following sources are from Trustpilot.
Positive reviews:
“The awards that the broker has been honored with make it a renowned mediator available on the market. Moreover, I noticed that it has been running for nearly 15 years. It’s commendable, but don’t loosen up guys, you would like loads to continue to grow.”
“I began with a Cent account as a substitute of a demo account. I feel just like the demo is a waste of time. Props to the broker for providing so many account types to mainly all traders, no matter trading experience.”
Negative reviews:
“The rookie promotion has limits and is so bad. I just wish to learn find out how to trade but they canceled my order as a consequence of restrictions. I am unable to test my knowledge on this bonus account. They suggest a demo account but who will learn from a demo account when you don’t lose real money. I should get promoted.
Is it secure to make use of FBS? What measures are in place to guard traders?
FBS is a regulated brokerage brand that brings together firms operating under the supervision of varied financial regulators, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investment Commission (ASIC) and the Financial Services Commission (FSC) in Belize.
In addition to this, the broker has implemented many safety nets that further contribute to the user experience. For example, client funds are segregated from company operating funds, and investors can never lose greater than their account balance.
Overall, while trading at all times involves a certain level of risk, FBS is usually thought to be a secure and reliable broker for traders due to its regulations and the measures it puts in place to guard its clients.
Conclusion: Should you trade with FBS Philippines or search for other options?
The FBS review is obvious: there isn’t any FBS scam. The company uses legal instruments and marketing tactics which have made it to the world stage. It is beneficial that you simply take a look at review platforms like Trustpilot to get the total picture and weigh up the professionals and cons when selecting a broker service.
With generous bonuses and promotions for traders, including a welcome bonus, cashback, trading competitions and 24/7 customer support, latest traders are definitely encouraged to take a more in-depth look.
When considering whether to trade with FBS, it’s important that individuals fastidiously assess their very own trading objectives and risk tolerance and conduct thorough research on the platform’s features, regulations and customer feedback before making a call.
Conclusion: no FBS scam (5 out of 5 points)
