- Only $1 is required to commence live trading
- CopyTrade which is a social trading platform
- Multiple account types to suit every trader
- No service to clients from USA, UK, Japan, Israel, Canada and other countries
- Very high spreads on Cent accounts
FBS is online broker founded in 2009 with the first office in Russia. It gained popularity very quickly, and has not been lacking behind ever since. Nevertheless, Forex isn’t the only market that FBS provides for its membership of over 13 million traders, with CFDs, stocks, and more are also tradeable with leverage of up to 1:3000 (for non-EU customers only) and no commissions accompanying the majority of instruments and accounts.
Speaking about trading service, FBS offers rather clear conditions while using popular instruments including Forex, Metals, and all connected by execution through the STP model. Additionally, FBS tries to always improve the technologies to make the trading process as smooth, as possible.
Here is the list of markets the FBS offers to their clients:
● FX – FBS clients can trade 28 major and minor pairs and another 9 exotics.
● Precious Metals – FBS has contracts on four metals including palladium and platinum.
● Commodities – Clients can trade CFDs on Brent Crude and WTI.
● Indices – FBS clients can trade three indices; the DAX, the NASDAQ 100, and S&P 500.
● Stocks – Clients of FBS can trade over 30 U.S. listed blue chip stocks.
There are four main types of accounts offered. The broker suggests you choose between Standard, Cent, Micro and Zero Spread accounts. The beginners will find the broker particularly useful, as it involves less risks. Although, you should pay attention to the fact that FBS operates through two entries EU, so the international conditions and trading proposal may slightly vary.
They offer very high leverage up to 1:3000, and initial deposit may start from $1. But we do recommend you to remember about the risks involved with high leverage and use of bonuses as well, in trading, there is always a risk of losing everything as well.
Open an account
Opening an account with FBS is not a very difficult process to follow. Firstly, enter some personal information about you, then confirm your email. After receiving access to your online account management, you may start Demo Account at this stage. Then you should select the account type you are willing to open and choose the currency as well. After that, you should indicate your level of experience to receive some additional instructions if needed. Make some money deposit, so you could start trading. One more thing – select which assets you want to trade. Here you go.
The minimum deposit you can select is either $1 on the Cent account or the $5 on the Mini Account. Just decide what leverage you want to choose, and go for it. As for the Standard account, the initial deposit is only $100, so experienced traders may find their way with relatively small amounts too.
FBS uses the MetaTrader 4 and the MetaTrader 5 trading platforms. The MT4 is a very popular platform around the world, many users prefer, as it provides trading tools incorporated into the platform itself. With the MetaTrader 5 trading platform, traders can look forward to several trading features which are essentially an updated version of MetaTrader 4. In other words, MetaTrader 5 is developed to make the trading process even simpler. Moreover, there’s no need to download any additional software, as WebTrader is a web-based site for FBS.
After careful research and analysis, we would like to make some conclusions about the FBS broker, so that you could decide, whether to trust or not to trust this particular broker. To advantages belong 24/7 live customer support, as you can always reach the customer manager, who will help to solve your issue, the variety of account types, only $1 deposit, and social platform CopyTrade. To the disadvantages may belong limited tradable assets, very high spreads on Cent accounts, the limited number of trading platforms and tools, and no service to clients from the USA, UK, Japan, Israel, Canada, and some other. So it is up to you, which broker to choose, and which to trade with.