Since its establishment in 2009, FBS has served clients from over 150 countries and established itself with multiple major awards and state-of-the-art technologies on the forex market. Although the broker was initially only created in Honduras, FBS recently became a Cyprus Broker. That undoubtedly aids and supported the company’s decision to extend its service to the people of Europe, benefiting both beginner and experienced traders.
Regulated, set by European law environments gave brokers more possibilities, useful tools, and completely approved trading services, which improved FBS development. In a later section of our FBS review, we shall discuss its trading proposal conditions and assess its competitiveness.
Table of Contents
Is FBS legit or a scam?
No, FBS is not a scam. It is a brand name used by Trade stone Limited, an investment firm that is EU and MiFID-regulated and registered with CySEC. Trade stone Limited is a Cyprus-registered company.
The Marshall Islands and Belize, two offshore jurisdictions that can’t truly attest to their dependability on their own, are home to another FBS organization. The Financial Service Commission, a local authority in Belize, mostly registers businesses rather than controls them.
However, when combined with European CySEC regulation, FBS is a broker that conforms to legal criteria and provides dependable trading circumstances.
How are you safeguarded?
The first and most crucial step before signing up with the best international trading brokers is to trade with a regulated broker who follows strict rules. In this case, FBS has tight restrictions regarding money protection while keeping traders’ assets in segregated accounts, rendering them unreachable for any other corporate purpose and enhancing possibilities for Negative Balance protection. FBS has a license and complies with the MiFID mandate.
Additionally, FBS is covered by the Compensation Scheme, which protects the client’s interests in the event of the broker’s collapse because it is a Cyprus Investment Firm.
Therefore, due to its license’s compliance with the MiFID directive, there are strict guidelines regarding money protection. At the same time, FBS maintains traders’ funds in segregated accounts, rendering them inaccessible for use by any other company and enhancing capabilities for negative balance protection. Additionally, FBS is covered by the Compensation Scheme, which safeguards the client’s interests in the event of the broker’s collapse because it is a Cyprus Investment Firm.
You need to know also about Mircari
Fees for BBS Trading
2.5% commission and USD 0.3 are added to the cost for deposits made via Sticpay. Users are not required to pay any deposit fees when making small deposits via VISA, Neteller, Skrill, Perfect Money, and Local Exchanges.
Users must pay commission costs in addition to withdrawal fees when requesting withdrawals. Users are not required to pay any deposit fees when making small deposits via VISA, Neteller, Skrill, Perfect Money, and Local Exchanges.
Users must pay commission costs in addition to withdrawal fees when requesting withdrawals. The commission cost for a VISA withdrawal is USD 1, whereas the commission price for a Neteller withdrawal is 2% and ranges from USD 1 to USD 30.
Users of Sticpay must pay a 2.5% commission fee as well as a cost of USD 0.3 for withdrawals made within 15-20 minutes. The commission fee for utilizing Skrill to withdraw customer funds is just 1%, and the fee is USD 0.32. The same method’s withdrawal fee is equal to 0.5% of the commission fees for the investor compensation fund.
Review’s conclusion: Is FBS a fraud or not? It is a trustworthy broker.
According to our research and testing, FBS Markets is the best international trading brokers. Since the broker possesses European and international licenses, fraud cannot exist. In conclusion, we can suggest the provider because he provides cheap forex trading. The broker gets marks for offering various account kinds and bonuses. The account kinds that require smaller deposits are more expensive, but if you choose to deposit over $1,000, you will receive favorable trading terms.
Versions 4 and 5 of the trading platform MetaTrader are professional and readily available. Additionally, the support team provides multilingual responses quickly. One of the greatest benefits is that traders can launch a competition to earn cash or other rewards. The opportunity to make money is given to traders without a deposit. In conclusion, the service is exceptional for this broker and very nice.