Fbs review, is fbs legit or scam?
FBS is a highly reputable forex broker and CFD trading platform with a global presence. It was founded in 2009 by investors who were passionate about trading research and technical analysis. The brand has now expanded to over 150 countries worldwide and offers its clients a wide range of trading opportunities, including Margin FX and CFD.
The FBS group of companies is made up of several entities:
• Including FBS Markets Inc - which is licensed by IFSC.
• Tradestone Ltd - licensed by CySEC.
• Intelligent Financial Markets Pty Ltd - licensed by ASIC.
• And TRADE STONE SA (PTY) Ltd - licensed by FSCA.
This wide range of licenses ensures that FBS operates within various regulatory environments, providing traders with a high level of trading capabilities, useful tools, and authorized trading services.
FBS is known for its competitive trading conditions, which have been optimized to provide traders with the best possible trading experience. The trading proposal conditions offered by FBS are designed to be competitive and beneficial for traders. They include low spreads, high leverage, and a variety of trading instruments, making it an attractive choice for both beginner and experienced traders.
FBS accounts and fees review.
FBS offers six different trading accounts, including:
• Cent.
• Standard.
• Micro.
• Zero spread.
• ECN.
• And Crypto accounts.
Each account has its own unique features, minimum deposit requirements, and trading costs. FBS trading fees are around the industry average, with lower-than-average trading costs on three of its accounts and higher-than-average trading costs on the other three accounts.
FBS charges no deposit fees, which is great news for traders. However, it charges high withdrawal fees for certain payment methods. Deposits can be made in most national currencies, but they are subsequently converted into USD and EUR, which can result in conversion fees that make trading expensive and affect profitability.
In conclusion to FBS accounts and fees - FBS is a well-regulated forex broker with a global presence and competitive trading conditions. Its range of licenses ensures that it operates within various regulatory environments, providing traders with a high level of trading capabilities, useful tools, and authorized trading services. Its trading proposal conditions are designed to be competitive and beneficial for traders, with a range of trading accounts, low spreads, high leverage, and a variety of trading instruments.
FBS deposit and withdrawal review.
FBS offers a variety of deposit and withdrawal options for its clients, including bank transfers, credit/debit cards, electronic payment systems, and local exchangers. One of the most significant advantages of depositing funds with FBS is that it does not charge any fees for making deposits to a live trading account. This is a positive aspect for traders who want to keep their trading costs low and do not want to pay extra fees on top of their trading fees.
However, FBS charges high withdrawal fees for certain payment methods. This may be a concern for traders who want to withdraw their profits from their trading account. Traders need to check the fees for different withdrawal methods before selecting the one that suits them the most.
Have in mind that the FBS policy of not allowing deposits and withdrawals to/from third-party accounts is in line with Anti Money Laundering policies. This ensures the safety and security of the funds of its clients.
Although deposits can be made in most national currencies, FBS converts all deposited funds into USD or EUR. This means that clients who deposit funds in a currency other than USD or EUR will have to pay conversion fees. Furthermore, FBS does not support accounts denominated in NGN, which means that Nigerian traders will have to pay conversion fees on all deposits and withdrawals. This may increase the cost of trading for Nigerian traders, reducing their profitability.
It also offers a variety of deposit and withdrawal options, including electronic payment systems that provide instant processing of deposits. Deposits via other payment systems are processed within 1-2 hours, which is faster than the industry average. However, the processing time for withdrawals may vary depending on the selected payment method.
In conclusion to fbs deposits and withdrawals, Like said earlier, fbs does not charge any depositing fee, and it offer fast processing times for most payment systems. However, traders should be aware of the high withdrawal fees for certain payment methods and the conversion fees for deposits in currencies other than USD or EUR. Traders should carefully review the available payment options and the associated fees before selecting the method that best suits their needs.
Is FBS Legit or Scam?
FBS is a well regulated broker app, the platform is safe and secure, trading with the platform is safe and no one has been reportedly scammed.
Have in mind that trading is risky, so stepping into trading is at your own risk and you might loss funds due to lack of experience.
To become a successful trader, get a mentor or if possible you can option out for your own benefits, we never encourage our visitors to go into trading because of much risks.
FBS is a licensed company, offering trading platform for those who believes in forex trading.
If you were wondering if it safe for you, then the answer is yes.
