Tradestone LTD is an investment firm registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC License Number soft forex 331/17). Cyprus is part of the European Union and offers a great mix of regulation and freedom to operate as a global financial firm.

is fbs a reliable broker

Traders residing in Europe have to upload two documents; one for Proof of ID and one for Prood of Residence. On the other hand, international traders have to submit only one document which is Proof od ID. The process starts with heading to FBS website for your jurisdiction (.eu for Europe, .com for others) and clicking the Click the “Open an Account” button in the top right corner. The procedure may slighty differ with respect to where you live (eg. Europe and International). The first image is from site which is for traders living in the European Union. CFDs on over 100 US, UK, and Germany shares are available to trade on the XM platform.

The FBS trading brokerage features a wide array of tradeable instruments across the global markets for their clients to trade. For instance, traders can participate in the trading of over 35 forex currency pairs, 4 precious metals, 3 CFDs, and 4 cryptocurrency CFDs. While the extent of tradeable assets offered is rather small compared to some brokers, the range of markets available to trade in are wide. The FBS online trading brokerage is very accepting and supportive of nearly every type of trader. FBS offers their clients the choice between 6 different trading accounts, each with slight differences to better suit their needs. Overall, the trading conditions outlined in these accounts vary but are very favourable. See the trading accounts and their trading conditions overviewed below.

Full Review

The key to remember here is that the trades that are placed are not increasing your account value. This can occur when a broker attempts to rack up trading commissions at the client’s expense. There have been reports of brokers arbitrarily moving quoted rates to trigger stop orders when other brokers’ rates have not moved to that price. Traders have to load their accounts and make a request to claim 100% bonus on their deposit amounts.

With a minimum deposit of $5,000 and they need to trade a minimum of 5 round turn lots a month. MetaTrader 4 offers technical indicators, expert advisors, advanced charting packages, and extensive backtesting options. This broker is regulated by CySec, which provides a guarantee to clients’ funds. Clients’ funds are covered through compensation schemes. All their deposits with regulated brokers in Cyprus are covered with 20,000 Euros per client, and they are guaranteed by the Investor Compensation Fund.

is fbs a reliable broker

They send me email and asked me to withdraw smaller amount and keep trading, then i withdraw 5k and still trading, they deducted me 3k fee as my account is doubted as fraudulent. As for the link to MT4 client, please be informed that it leads to the official website of MetaQuotes Software Corp., the leading developer of financial trading software. It often happens that antivirus software products perceive the hacking protection mechanisms of the MetaTrader 4 client terminal as a virus threat. Therefore, we would recommend using more reputable antivirus products rather than the aforementioned “Zillya” antivirus. In addition, you can disable your antivirus if it conflicts with the installation of the program. Should you have any further questions, please get in touch with our Customer support team via Live chat or at

Copytrade For Traders

Most deposits are also instant except for wire transfers, which may take up to 3-4 working days. FBS also offers its own proprietary trading platform, FBS Trader. On the other hand, if used wisely, both leverage, as well as lower platform trading spreads, can work remarkably in the trader’s favor. FBS was initially based out of Russia and started its FX operations in 2009. The broker claims to have more than 700,000 clients from 120 different countries across the world.

The traders that fail to make profits then post content online that blames the broker for their own failed strategies. Having spent some time on the trading platform and used amazing features such as the FBS Trader and the FBS CopyTrader, we definitely feel platform trading that FBS Forex is worthy of recommendation. You can simply remove all the profits gathered on trading using bonus funds in the $100 amount. If you want to withdraw the profits away from the 100$ bonus, you must first fulfill the following requirements.

  • You can see the commissions direct in your account dashboard.
  • Belize and Australian entities mostly do not charge any deposit fees, but there are some withdrawal fees.
  • While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.
  • I very like their cent account because I had no big money.
  • There are many currency pairs available, but the choice of CFDs is also very high.
  • I explained the entire situation and L kept sending over terms of the FBS agreement.

The MetaTrader software has been widely known among private traders for many years. It belongs, so to speak, to every successful dealer in the equipment.

Metatrader 5

Spreads are competitive, and both novice and advanced traders will feel at home with this broker. Brokers provide leverage to customers so they can trade larger amounts than they have on deposit. Many people is fbs a reliable broker who start trading tend to go with brokers with the biggest leverage possible. They ultimately lose money when trading because of over-leveraging their accounts blowing them in a short space of time.

I sent to the support the request for revision of those orders and depending on the answer I can change my evaluation, but at the moment this smells to me like a scam broker. FBS does not host any accounts that provide execution on B-Book conditions.

is fbs a reliable broker

Alternatively, an automated trading system can be used with assistance from hedging, scalping, and expert advisors. You can also deposit with SticPay, but it comes with a commission of 2.5% plus $0.3. AstroPay is a zero-commission deposit option, but you have to wait for 72 hours for the funds to get credited to their accounts.

What Trading Methods Does Fbs Allow?

There are 3 types of different platforms of the broker which we will review later. You have an opportunity to open a free demo account for trading in the Forex Broker app and practice fx trading in real market conditions but with virtual funds and no risks. To trade on the real accounts, use the FBS Forex trading app as a personal money manager with MetaTrader 4 and MetaTrader 5 inside.

Since many traders may be looking at the same levels, these areas might bring increased liquidity. It is also useful to analyze the shapes of the candlesticks. These can hint at where the price will go in the future. Sometimes, you may identify resistance on the currency chart, but fail to see support on the metal chart. Of course, the time period being used also has a huge influence on what traders see as a stock can have many intraday downtrends while maintaining a month over month uptrend. The important thing to remember is that trading predictions made using price action on any time scale are speculative. The more tools you can apply to your trading prediction to confirm it, the better.

is fbs a reliable broker

If they result in a loss, you’ll be returned to your original deposit amount. The CopyTrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio. The owner and CEO have ensured that FBS Trader is a free and fully-featured trading app. It can be downloaded to Android devices from Google Play. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management. Withdrawal of money isn’t a complicated process, as you need to enter into your trading account management area and submit a withdrawal request.

Is Fbs Safe Or A Scam

I do not think I made a profit of up to $ 60 and successfully to withdaw it. Finally I decided to deposit $ 100 and until now I still remain trading on FBS. FBS extends its limitation to just the MT4 Trading Platform for Windows, Apple macOS, Android, Apple iOS and FBS WebTrader. Many Forex brokers don’t even pay for the full license and can obtain their trading platform under a White Label partnership through another Forex broker at a fraction of the cost.

This broker also offers trader contests and a VPS service. FBS offers demo versions of the Cent and Standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. The global branch charges a fixed rate commission of $20 per lot on the Zero Spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading. Commissions for opening and closing positions on the broker’s crypto trading account are 0.05%.

It has decent execution, and competitive trading conditions. Trading platforms are easy to navigate, all types of traders can manage it without any problem. Even though I’m not a beginner I’m still practicing with the cent account. It allowed me to take more risks than a demo account and after that I put my skills to trade on a standard account. Today the Forex/CFD broker FBSis the undisputed leader in the market. It’s a trustworthy international organization with a wide range of work experience, many prestigious awards, and an impressive number of clients all over the world.