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- Tight spreads
- Low minimum deposit
- Excellent education
- Excellent market analysis
- Limited range of assets
- Extreme leverage
Summary
FBS is a well-regulated international CFD broker offering trading on multiple assets, including Forex, metals, energies, indices, and stocks. FBS offers a range of accounts to suit traders of all experience levels. However, trading costs are high compared to other STP/ECN brokers with spreads as wide as 3 pips (EUR/USD) on its Micro account, and a commission of 20 USD per lot on its Zero Spread Account. Furthermore, while FBS claims to offer support for both the MT4 and MT5 platforms, Malaysians can only trade on MT4.
FBS provides a welcoming environment for beginner traders, with an excellent selection of educational and market analysis materials compared to other brokers. Lastly, while Malaysians will benefit from the host of FBS sign-up bonuses, payment methods are limited and withdrawal fees are high.
FBS Malaysia menawarkan pelbagai akaun dagangan, spread Tetap and Terapung dari 0, leverage tinggi sehingga 1:3000, platform dagangan MetaTrader 4/5 dan WebTrader, serta +100 alatan dagangan termasuk Forex, Logam, Tenaga dan mata wang Kripto. Syarikat tersebut menawarkan promosi unik dan lumayan seperti $140 Bonus tanpa deposit kepada pedagang-pedagang dari Malaysia. Pelanggan boleh menyertai beberapa pertandingan dagangan dan bersaing dengan petanding-petanding lain untuk hadiah tunai setiap bulan.
Jenis Akaun FBS Malaysia
Is FBS Safe?
FBS, an international Forex broker, regulated by the Australian Securities Commission (ASIC), and the FSCA in South Africa, headquartered in Russia. It has grown to become one of the most trusted brokers on the Asian market. Since FBS opened its doors in 2009, it has seen its customer base multiply due to the level of professionalism and trading conditions offered.
Since 2017, FBS – via its subsidiary Tradestone Ltd – has also been regulated by CySec, and all European operations are now run from its regional HQ in Cyprus. Internationally, FBS is regulated by the International Financial Services Commission (IFSC) in Belize and has offices in a number of Asian countries, including China, Indonesia, South Korea, Thailand, and Myanmar, and prides itself on having a customer base of over 14 million traders.
Malaysian traders should be aware that FBS is not currently licenced with the Securities Commission of Malaysia (SCM). See below for FBS registered companies:
- FBS Markets Inc is regulated by IFSC, license IFSC/000102/124; Address: 2118, Guava Street, Belize Belama Phase 1, Belize.
- FBS Markets Inc. is regulated by the FSCA (South Africa), license number: 50885.
- Intelligent Financial Markets Pty Ltd is regulated by ASIC, license number: 426359.
- Tradestone Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission of the Republic of Cyprus, with company registration number 353534.
FBS is a hybrid STP/ECN broker – so trades do not go via a dealing desk but instead are executed directly with liquidity providers on the open market, therefore removing any potential conflict of interest that inherent with a dealing desk model. FBS offers negative balance protection, and client money is stored in independent, segregated accounts.
Trading Conditions
FBS offers trading on various assets, including forex, metals, indices, energies, and stocks. With five live accounts and a minimum deposit of 1 USD on its smallest account, clients can access leverage of up to 3000:1. Spread types and values are determined by the account type. Minimum transaction levels start at 0.01 lots, and FBS allows hedging, scalping, and copy trading. Malaysians will be pleased to note that Islamic swap-Free options are included on all accounts, except for the ECN account. Note that although FBS claims to offer support for both MT4 and MT5, traders can only make use of the MT4 platform.
Account Types
FBS offers a Cent Account, a Standard Account, a Micro Account, a Zero Spread Account, and an ECN Account. See below for more details:
Cent Account
Cent accounts are suitable for beginner traders. The initial deposit is 1 USD; spreads start at 1 pip, and leverage is up to 1:1000. The Cent account supports the following trading instruments: 35 currency pairs, 4 metals, indices, and 33 stocks.
Standard Account
Standard accounts are commission-free accounts with a minimum deposit of 100 USD, variable spreads starting at 0.5 pips, and leverage of up to 3000:1. The Standard account supports the following trading instruments: 35 currency pairs, 4 metals, indices, and 33 stocks.
Micro Account
Micro accounts are commission-free and have a minimum deposit of 5 USD. Spreads are fixed at 3 pips, and leverage is up to 3000:1. The Micro account supports the following trading instruments: 35 currency pairs, 4 metals, and indices.
Zero spread Account
The Zero Spread account is perfect for those traders who prefer high-speed trading. These are high commission accounts – at 20 USD per lot. Spreads are fixed at 0 pips, and leverage is up to 3000:1. The Zero Spread account supports the following trading instruments: 35 currency pairs, 4 metals, and indices.
ECN Account
As the name implies, this is an ECN account, with no dealing desk. The minimum deposit is 1,000 USD, variable spreads start at 1.0 pips, and a commission of 6 USD is charged per lot. Maximum leverage on the ECN account is up to 500:1, but ECN account holders can only trade on 25 FX pairs.
Demo Accounts
FBS offers free demo accounts, allowing traders to test out the Forex strategies with virtual money, using real market data. Using a demo account is a good way to learn how to trade. Demo accounts expire after 30 days, after which time they are automatically deleted. Clients can open a new one when this happens.
Spreads and Commission
FBS charges a commission on two of its accounts – 20 USD and 6 USD per lot on the Zero Spread and ECN accounts respectively. Spreads are fixed at 0 pips on the Zero Spread Account, while other accounts furnish spreads that start at 0.5 pips, and reach 3 pips on the Micro Account.
Deposits & Withdrawals
Note that for Malaysians, payments must be made through the FBS website or the trading app. This is due to the fact that the SCM does not authorize trading with FBS. Furthermore, the deposited amount will be converted into USD/EUR according to the current official exchange rate on the deposit execution day. Note that deposits made via electronic payment systems are processed instantly, and deposit requests via other payment systems are processed within 1-2 hours.
Please see below for payment methods:
- Visa: Deposits are instant and free. Withdrawals take 15 – 20 minutes and may take as long as 5 -7 business days to reach your bank account. Withdrawals are charged at a 1 USD commission.
- Sticpay: Deposits are instant, but are charged at a 2.5% + 0.3 USD commission. Withdrawals can take up to 15 – 20 minutes to be processed, and a 2.5% + 0.3 USD commission is charged.
- Perfect Money: Deposits are instant, but commissions may apply depending on the payment system. Withdrawals take 15 – 20 minutes to be processed, and a 0.5% commission is charged.
- Skrill: Deposits are instant and free. Withdrawals take 15 – 20 minutes to be processed, and a commission of 1% + 0,32 USD is charged.
- Neteller: Deposits are instant and free. Withdrawals can take 15-20 minutes to be processed, and a 2% minimum, and 30 USD maximum commission is charged.
Bonus Structure
FBS has a wide selection of promotions and bonuses advertised on its website. For example, the broker offers a 100% deposit bonus, which doubles the deposit available for trading. Please see the website for further details.
FBS for Beginners
FBS is one of the better brokers for beginners – not just because of the good trading conditions on the Cent Account but also for its general approach to new traders. The education section is comprehensive and well-structured, and market analysis is up-to-date and well explained. Unusually, customer service is available 24/7 – a welcome development, to say the least. The FBS website is also fully translated into Malay.
Educational Material
The education section at FBS is well-structured and well-organized, and all material is free. Education is split into five sections:
- Forex Guidebook – the core of the education section, this is one of the better guides to Forex trading we have seen. It is split into chapters for Beginner, Elementary, Intermediate, and Experienced traders. This guidebook will be useful in some form for almost all readers.
- Tips for Traders – a frequently updated blog with useful posts covering various aspects of trading in an erudite and informal format. Recent blog posts include Triple Screen Trading Strategy and Bill Williams Fractals Indicator.
- Webinars – includes a schedule and register of upcoming webinars. FBS holds webinars weekly from its office in Moscow, and registration is a simple procedure.
- Video Lessons – as you would expect, this is a collection of short videos covering various aspects of Forex trading – good for those who prefer watching to reading, but not as comprehensive as the Guidebook
- Glossary – a good glossary of Forex terms.
Note that except for the webinars, all educational materials are fully translated into Malay.
Analytical Material
Market analysis materials at FBS is free of charge for all visitors, and is divided into three separate sections:
- Forex News – a constant news feed of the day’s important events that will have fundamental effects on Forex trades. It is concise, updated frequently, and is well written.
- Daily Market Analysis – here you will find short analytical articles on the day’s events, which is very useful for new traders.
- Forex TV – a collection of videos on everything from suggested trading plans for the week ahead to historical webinars. The trading plans, in particular, are beneficial for new traders.
Note that all market and research materials are fully translated into Malay.
Customer Service
Customer service is available in multiple languages, 24/7 – which is exceptional for an industry where the standard is 24/5. Support is available by email, live chat, and social media, in 14 different languages, including Malay.
Trading Platforms
FBS offers full support for both MetaTrader 4 and MetaTrader 5, including the iOS, Android, and Webtrader versions of both. Multiterminal is also available for clients using a desktop, making it possible to manage multiple accounts at a time.
MetaTrader 4
The MetaTrader 4 Platform (MT4) is the most popular online Forex trading terminal in the world. It has a straightforward interface, considered easy-to-use for both novice and experienced traders alike. Features of the MT4 platform include 50 technical tools, 30 built-in indicators, multiple chart types, and 9 timeframes.
MetaTrader 5
MetaTrader 5 is the latest trading platform developed by MetaQuotes Software Corp. Set to replace MT4, MT5 is more intuitive and offers significant improvements in copy trading, mobile trading, and other innovative features that make trading account management more efficient. The MT5 dashboard supports 38 technical indicators, 44 graphical objects, 21 timeframes, one-click trading, built-in depth of market widgets, and an economic calendar.
Mobile Apps
All the trading platforms supported by FBS are available as mobile and tablet downloads – allowing traders to keep track of their open positions while on the move.
Evaluation Method
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the FBS offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
FBS Risk Statement
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. FBS would like you to know that: CFD’s are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.2% of retail accounts lose money when trading CFD’s with this provider. You should consider whether you understand how CFD’s work and whether you can afford to take the high risk of losing your money.
Overview
FBS is a trustworthy and dependable broker with decent trading conditions, excellent educational and market analysis materials, and support for the MetaTrader platforms. Its Cent accounts are noteworthy, offering some of the best trading conditions in the industry. However, before making a deposit, traders should be aware of the FBS’ high withdrawal costs.