Looking for an ECN Broker? Read our FBS Forex Broker Review
Choosing the best online Forex broker to be your partner, is possibly one of the most important decisions you’ll have to make. But there are so many to choose from it can all become very confusing. Which is why we always recommend that any potential trader spends some time reading a selection of Forex broker reviews. Here we are going to look at a Forex broker that seems to have made quite a mark on the Asian Forex trading scene and looks set to spread their net much wider. If you’re looking for a broker offering ECN trades then we’d advise you to keep reading and we’ll share some pertinent details. But first, let’s give you a few of the benefits you can expect to enjoy.
Introducing FBS Forex broker
FBS entered the world of Forex trading back in 2009. It has gained a foothold in more than 120 countries and enjoys helping more than 2 million traders with their trades. The owner of this brokerage firm is FBS Markets Company and has offices in some major Asian cities such as Manila, Bangkok, Kuala Lumpur, and Myanmar. FBS operates under its license issued by the International Financial Services Commission. Since its inception, FBS hav#s earned itself a number of awards, including the Best Mini Forex Broker in 2010, the Fastest Growing Broker in Asia in 2012, and the Best Broker in Asia in 2013.
Check our FBS Forex Gallery
FBS has a great selection of giveaways
When it comes to an FBS forex bonus there is certainly plenty to choose from. It’s no wonder it was awarded for the World Best Bonus Program on Forex in 2014. For newcomers, there is a 100% FBS deposit bonus. Next up is the $123 FBS Forex bonus that is awarded during the first 7 days trading period. There is also a cashback promotion of up to $15 per order, along with the chance to win an FBS lucky T-shirt or iPhone 6s Plus. There is also a service called deposit insurance that is offered free of charge, and is not something we see very often. It gives traders the chance to insure from 10% to 100% of an account balance. Should the insured funds involve a loss during trading then FBS will pay compensation.
We have to mention that there are numerous terms and conditions attached to these special offers and you will need to read and understand them in order to use them to your advantage.
An FBS Forex broker mobile app along with MetaTrader 4
FBS decided to stick with a firm favorite when it comes to trading platforms and has chosen MetaTrader 4. The latest version of this software is downloadable direct from the FBS site. There is also a version for iOS and Android devices. The FBS Forex broker mobile app is available via the Google Play or Apple store. If you’re a little uncertain about finding your way around this popular trading platform you get access to the complete mT4 user guide as soon as you sign up for an account.
Introducing a handful of account options in our FBS review
FBS has a really great selection of account options. With five different account types to choose from, there is sure to be one that will suit most kinds of people. If you’re the kind of trader that prefers to make lots of small orders or the kind that likes to invest on a much bigger scale, or if you’re kind of in between these two extremes there is an account for you too. Open a Cent account with just one dollar and take advantage of 1000:1 leverage. Other accounts require $5, $100, $500 minimum deposits with leverage of up to 3000:1. Just remember that while this may seem like a very attractive proposition, trading using such high leverage can also lead to very significant losses. If you have $10,000 or more to invest you’ll become a VIP customer. This privileged status will entitle you to priority processing of payments, your own personal account manager for consultations in your native tongue, VIP gifts, and a certificate.
Let’s not forget to mention the demo account, which is always the perfect option if you’re a beginner.
FBS accepts a reasonable selection of payment methods including Mastercard, Visa, Neteller, WebMoney, Skrill, and a variety of other local payment methods. Most are free of charge and processed immediately.
FBS customer service and support
When you want some help with a particular problem or have a question that needs answering there is a customer support line that is available in a number of different languages. 5 days a week, 24 hours a day there will be someone to talk to either by telephone, email or via the live chat option. There is, however, a very helpful FAQs section that will answer a large majority of your questions.
Educational material was limited, but there are a number of seminars that FBS organize in various locations around the world. If you weren’t able to make it to certain location it is possible to watch video footage of the event.
We found our experience with FBS and its website fun and exciting. In fact, so far, this has been the most interesting and eye-catching website we’ve spent any time on. That being said, we would still advise you to try with a demo account before you invest real money. And weigh up the risk involved before taking advantage of high levels of leverage.