This review is
intended to give you enough information
and so you can compare with different brokers before making any decision.
It can be really
challenging to find the right forex for every individual, for the reason that there
are so many to choose from. It is very important to always do some research
before choosing your Forex Broker and that goes for any type of investments.
FBS was established back in
2009, so this Forex Broker can be considered knowledgeable in the world of
Forex.
The FBS Market Company
owned this Broker, who are well known in the financial services business.
They have offices in
different Asian cities, including Malaysia, China and Kuala Lumpur. However, FBS
does not accept customers from the USA. FBS is an
ECN Forex Broker and has won
several significant awards.
FBS.com has a great
website, with lots of useful information. They have excellent customer service,
you can communicate with them via email, phone calls, and live chat support. Support
in different languages, including
Russian, Spanish, Turkish, Chinese, and English.
Their selected currencies for opening an account are the USD
and EUR, with a minimum deposit amount of $1. This is good choice for beginners with a small budget.
They also have an Islamic account
available and offers several striking
forex bonuses.
FBS Offers Different Types Of
Accounts
· Cent Account – This is perfect for beginners as it
lets traders to develop real experience, but with lesser risk.
· Micro Account – with
this account type, traders can enjoy the
advantages of fixed spreads and STP trading.
· Standard Account
– Once traders have passed the beginner stage, then they can move onto a
standard account. Which is suitable for traders with a little more experience,
and those who are prepared to test out their strategies.
· Zero SpreadAccount – $500 is the minimum deposit
for this account, which makes it a choice for the more serious trader.
· Unlimited Account
– This is slightly different from other accounts, as it is an ECN account. It
is the option that most similar to trading conditions in the Forex market. The minimum deposit is $500, and the floating
spread begins at 0.2 pip. There are no limitations on open positions and
pending orders, so traders have the freedom to trade as they want.
· Demo
Account - FBS offers a demo account,
which is always an excellent way to start a Forex career.
· VIP - Having funded your accounts
for $10,000 and traded 50 lots, you will
become a VIP client at FBS. You will have the priority in processing withdrawal and deposit requests, your own account
manager, VIP gifts, and a VIP client certificate.
Trading platform MetaTrader 4
This is the most famous trading platform in the world. Its unique
features , functionality, modern design and user friendliness. It meets the
requirements of every trader, and FBS offers trading security and beneficial trading
conditions.
Minimal withdrawal amounts are as little as $1, unless it is via
wire transfer, in which case the minimum cost is $50. FBS also offers their own
FBS Mastercard, which will cost $20, unless you deposit $500 or more. Then the
card will be free.
So much for this today,
there are still few Best Forex Brokers like MXTrade
Trade12 Netotrade and XM.com
that I am considering, but that will be in my next post. Feel free to share
your choice of Best
Forex Brokers in the comment below.
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