FBS is one of the best international brokers in the world in terms of the foreign exchange market. It was founded in 2009. They have over 15 million active traders from 190+ countries. Their main office is located in Cyprus, and they are regulated by CySEC (Cyprus Securities and Exchange Commission). The company offers the latest MT4 and MT5 platforms for currency exchange.
FBS broker review in 2021:
In this article we will provide a FBS broker review which will help you analyze the main features provided by the platform.
Is FBS legit or a scam:
FBS is a safe platform. Because it is regulated by high authority organizations such as CySEC, ASIC, IFSC, FCSA. These are highly reputed regulatory organizations, and they make sure that the platform is secure for users. Also, there are millions of traders on this platform which is evidence of its transparency.
Trading Platforms provided by FBS:
The Metatrader 4 platform is accessible to FBS clients to access a variety of features. It consists of a variety of technical indicators and charting tools. The facility of one-click execution, as well as copy trading, is provided. Expert advisors’ services and APIs are accessible on the platform. It also offers multiterminals so that clients can access multiple accounts at the same time.
MT5 is the latest addition to the company platforms. This is a more advanced version of the MT4 platform. This platform provides more timeframes, order types and technical indicators. Hedging and netting, along with the in-depth view of the market, are additional features of MT5.
With the increasing trading size, your leverage levels will increase. Using leverage smartly is a skill that comes with time and experience. Make sure to increase the chances of your profits with the leverage and decrease the risk of losing. As a beginner, don’t go for high-level leverages because it has the same probability of losing compared to the gaining one.
There are several account options. We would recommend standard and cent account for beginners. Because for these accounts the requirements are not complicated. The risk is also much less to lose money. Other than that, a demo account is also provided by the company. The purpose of this opportunity is to give the beginner some practice and perspective about forex trading. It’s important to note that if you choose a live trading account, the chances of profit will increase along with the risks.
A large number of users trust the platform due to cooperative customer support. Customer services are provided in different languages with 24/7 access. You can connect with them through international phone calls, live chat, emails, etc. Relevant and on-time answers to the queries help clients run their accounts smoothly.
FBS is a respected platform that you can trust. There are various tools from basic to advanced, account types, and good trading conditions for a trader. Their spreads are considered low, and they provide free tools to educate their users about forex trading in general. Make sure to do your research if these elements align with your interests or not and act accordingly.