FBS BROKER PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of FBS Broker and figure out what is suitable for traders.
- Send orders quickly.
- Support channel via Live Chat, available 24 hours.
- Spreads are very wide, not competitive in the market compared to other providers.
- There is a hugh difference between Deposit and withdrawal service fees
- There is a commission fee, very high.
- Slow deposits and withdrawals, too frequent withdrawal problems, lack of credibility
- Use of the deposit and withdrawal web page. There are tricky steps, for example, a slip is required to confirm deposits and withdrawals.
- Finance department closes at 11:00 PM on Friday, Saturday, and Sunday. deposits and withdrawals are not available.
FBS BROKER BONUS
1. No Deposit Bonus
Trading Bonus: No-deposit trading bonus of $100 is available. The entire $100 bonus can be withdrawn when trading 5 Lots in a 30-day period, the order volume is 0.01 lot.
2. Deposit Bonus
Deposit Bonus 100%: Up to $10,000 on Cent account, Standard account, Micro account, or Zero Spread account, set the number of lots to trade, e.g. deposit $100, get $100 bonus, 33 lots must be traded.
FBS BROKER FREE VPS
The conditions for using FBS’s Free VPS service are as follows:
A deposit of at least $450
Trade at least 3 Lots within the first month of use.
Stay active with VPS, only trade at least 3 lots (1 lot on Cent account = 0.01 standard lot) each month.
If less than 3 Lots are traded per month, FBS will charge $33 in the following month, to be deducted from the account.
FBS SPREAD AND SWAP INFORMATION
1. FBS SPREAD
Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.
There are 5 types of FBS accounts: Standard account, Micro account, Cent account, Zero spread account, and ECN account. To assess the broker’s spread and swap, we asessment a test the spread check including commission cost to compare with commission-free brokerage from all 5 types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:
2. FBS SWAP
The daily cost of holding a trader’s position when trading with FBS is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows:
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. FBS COMMISSION
OTHER FBS INFORMATION
FBS Broker has been established since 2009. FBS gradually grew up and earned many awards for being a Forex trading service provider. For example, Best Broker in Asia. Today, FBS offers trading services that cover a wide range of products including currencies, valuable metals, stock market index, and stock index.
FBS is a sponsored brokerage (sponsorship) of FC Barcelona.
FBS is financially registered with the country in which its office is located with the following information:
- FBS Martkets Inc. is registered in Belize, licensed by the IFSC.
However, FBS Broker does not offer services in Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel, and Iran, a total of 9 countries.
FBS ACCOUNT USAGE
Opening an FBS Broker account can be done through the Platform. However, there are support services available as well which can be contacted through Support.
1. FBS Forex Account Opening Documents
Documents required to open a trading account with FBS Broker include:
- Identity verification documents for Thais is ID card or passport.
- The address verification document must match the address shown on the identity card, a copy of the house registration is recommended.
2. FBS Account Types
There are several types of FBS Forex trading accounts with different pros and cons and different features, designed to allow traders to choose according to their strategy and capital leverage up to 1:3000. FBS order execution system includes STP and ECN accounts which enable fast execution of orders.
The table shows the account types of FBS Forex Account
FBS accounts include commission fees for their services, Zero Spread accounts, and ECN accounts. You can find a comparison of the pros and cons between other brokers on the Forex Broker Comparison page.
FBS Support Service
We conducted a test communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem-solving intention, not just sending links to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems:
- Support sends a link attached for customers to read by themselves on the web page.
Customer support service in English is available 24 hours a day, non-stop.
Contact Support via Facebook and Email from 9:00 a.m. – 5:00 p.m.
Channel to contact Support via Line is available from 6.00-14.00
“Overall, the disadvantages of FBS’s Support are; not answering questions clearly and often send links to read by yourself.”