Fbs zero spread review

With the ECN account, you will find a commission of $6 per lot applied to trades, and the account trading options offer only trading in forex currency pairs.

No deposit forex bonuses

FBS Spreads Review - Types and Characteristics (2021), fbs zero spread review.

Still this may be suitable to some higher volume traders in specific markets. Assuming that this is the case, the FBS micro account features a fixed spread which starts from 3 pips. This account, as with many of the FBS account types features commission-free trading. You can also benefit from the speed and accuracy of STP processing which helps ensure you get the best possible price from your trade.

FBS spreads review - types and characteristics (2021)

If you have opened an FBS account, you will notice that all FBS account types feature some form of spread.

This is the major way in which the broker profits due to the commission-free trading nature of FBS.

These spreads are very minimal on all of the assets traded, but nevertheless they are something which vary between brokers and which you should consider when making your choice of who to trade with.

On that note, we have compiled this comprehensive guide to bring you through every type of FBS spread. This includes what they mean and how much they are on each asset.

You can also see our FBS review for a full in depth look at the broker.

74-89% of retail CFD accounts lose money

Type of spreads with FBS

Here we will describe exactly the types of FBS spread which are implemented on each instrument and each of the FBS accounts which you may sign-up for.

Variable and fixed spread

An important point to note for you and all other traders is that fact that FBS offer opportunities to trade with either fixed spread or variable spread. This may not be the case with some brokers and at least allows you the freedom of choice.

Both the FBS fixed spread and FBS variable spread available are very competitive when compared with the industry average. This should give you a certain peace of mind for trading.

Spread on instruments

The spread on the different instruments at FBS is firstly subject to change based on the jurisdiction where you are trading. This means that if you are trading on FBS.Com as a global trader, you may experience a different spread than if you were using FBS.Eu as a european-based trader.

Another point to note about the jurisdictional differences when trading through FBS is that only markets on metals and forex trading are available through FBS.Eu. In the case of FBS.Com, a much wider choice of markets are available to trade.

A final point to note in this regard is that the spread will also be liable to change depending upon which account type you choose, although, no matter what, you do not have to worry about FBS requotes or mark-up on assets.

Spread on accounts

As mentioned, the spread may vary depending upon your FBS account type choice. Here are some of the main examples of how the spread impacts each account type.

Cent account

The FBS cent account allows for a great introduction to forex trading. The account allows you to trade in cents and therefore keeps your risks proportionality lower in trading. This is ideal for those who are just starting out or thinking of opening an FBS account.

The FBS cent account spreads too are very competitive. If you are an EU trader you can rely on a floating spread which starts from 1 pip with no commission.

Similarly if you are a non-EU international trader, FBS spreads start on this account from a floating 1 pip and also with no commission as well as STP execution.

Standard account

The FBS standard account is one of the most selected and again is available to both EU and international traders. The FBS standard spread varies between a floating spread from 1 pips with no commissions for EU traders and a floating spread also with no commission and STP execution for international account holders.

Micro account

The FBS micro account it is important to mention first of all, is only available to those who are trading outside the EU on an international market account from FBS.Com.

Assuming that this is the case, the FBS micro account features a fixed spread which starts from 3 pips. This account, as with many of the FBS account types features commission-free trading. You can also benefit from the speed and accuracy of STP processing which helps ensure you get the best possible price from your trade.

Zero account

Many top brokers feature some form of zero account. FBS is no different. The FBS zero account also features a fixed spread which starts from 0 pips.

This is one of the few FBS accounts which does also charge a commission. This remains competitive at $20 per lot and is balanced by the proportionately lower spread.

The account also uses STP processing. The FBS zero account is only available to those trading on the international market side of FBS.

ECN account

Again the FBS ECN account is available only to those traders on the international markets side of the broker. With this account, spreads actually start from a highly competitive -1pips.

With the ECN account, you will find a commission of $6 per lot applied to trades, and the account trading options offer only trading in forex currency pairs. Still this may be suitable to some higher volume traders in specific markets.

FBS spread review on various assets

Now let’s take a more detailed look at what the FBS spreads are on each asset class so you can factor it into your trading decisions. Full details are also provided in the charts.

Forex

Starting with the FBS forex currency assets, these are all much as you would expect with any top broker. The one point to note here is that the spread may differ slightly between EU and non-EU global market accounts.

If there are commissions to be charged on a trade as you will see in the zero and ECN accounts, these are per lot and will be charged in your base currency.

Comparing account types again for a moment, you will see that the EU cent account has a higher spread than the EU standard account. This is something to be aware of, but again the cent account is still great for getting to know forex trading with FBS.

The FBS micro account also has a comparatively high spread, particularly during the night. This is another thing to keep your eye on.

FBS.Eu	standard	cent
EURUSD	0.5	0.5
USDJPY	1.1	1.1
GBPUSD	0.6	0.6
EURGBP	2.1	2.1

FBS.Com	standard	cent	micro (fixed)	zero (fixed)	ECN
EURUSD	0.8	0.8	3.0	0.00 + $20	-0.1
USDJPY	1.0	1.0	3.0	0.00 + $30	0.1
GBPUSD	0.7	0.7	3.0	0.00 + $30	0.2
EURGBP	1.0	1.0	3.0	0.00 + $30	0.4

Cryptocurrencies

FBS cryptocurrency trading is available, however this is only the case if you sign up with FBS.Com as a global markets (non-EU) trader. Crypto trading is also only available through a standard or cent account.

Once again here, the commissions denoted below are on a per lot basis and charged in your base currency. The spread on cryptocurrency is generally marginally higher than many other assets with most brokers due to market volatility.

Indices

FBS indices CFD trading encompasses a range of markets and the spreads here are typically the same or very close to that across each account type where cfds trading is offered. Here you will also note that there’s a flat commission when trading indices.

FBS.Eu	standard	cent
NASDAQ	25 +$25/lot	25 +$25/lot

FBS.Com	standard	cent	micro (fixed)	zero (fixed)	ECN
US500	25 +$25/lot	25 +$15/lot	25 +$25/lot	25 +$25/lot	n/a
NASDAQ	25 +$25/lot	25 +$15/lot	25 +$25/lot	25 +$25/lot	n/a

Stocks

FBS stick trading features selection of globally prominent stocks which can be traded. This form of trading is only made accessible again through standard or cent accounts.

With stocks, the commissions noted are again per lot and charged in your base currency. An important point to remember here is that spreads and commissions on stock trading are the same, regardless of which stock you are trading. This applies even to the broader range of FBS stocks which are not listed.

FBS.Com	standard	cent	micro (fixed)	zero (fixed)	ECN
US stocks	$3.00	$3.00	n/a	n/a	n/a

Commodities

Finally, metals are available on all accounts with the exception of FBS ECN accounts. Another key point to remember here is that spreads may be higher during the night time and that commission is applied to traders using a zero spread account to trade metals. Again this charge is per lot and in your base currency.

FBS.Eu	standard	cent
GOLD	10	10
US OIL	3.0 +$25/lot	3.0 +$25/lot
UK OIL	1.0 +$25/lot	1.0 +$25/lot

fbscom	standard	cent	micro (fixed)	zero (fixed)	ECN
GOLD	10	10	n/a	n/a	n/a
US OIL	2.0	2.0 +$15/lot	2.0 +$25/lot	2.0 +$25/lot	n/a
UK OIL	2.0	2.0 +$15/lot	2.0 +$25/lot	2.0 +$25/lot	n/a

FBS spread comparison with other major brokers

Comparing FBS with other top brokers in the industry is a natural way to conclude our information and hopefully it can help you make the right choice when choosing your broker.

We can say that FBS do offer a very low spread with very competitive no-commission account types across most that are offered. This can be great for the majority of traders. There are also no requotes at all which is always a good sign from a top broker.

If you are interested in scalping with FBS, you will also be glad to know that this activity is allowed by the broker too.

Overall, the FBS spread is objectively very competitive and the broker appears to try the best to have a minimal impact on the cost of your trading activity. The one time to be mindful of the spread is during the night period or on certain markets when it can increase substantially.

74-89% of retail CFD accounts lose money

FBS review and tutorial 2021

FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.

Trade on nearly 50 leveraged forex pairs.

FBS is an online broker that offers financial market trading in forex and cfds. Our review in 2021 takes a thorough look at the broker’s legitimacy, leverage offering, spreads, and minimum deposits. Sign up for an FBS account and start trading.

History & headlines

FBS is a global broker founded in 2009. In the EU, FBS is operated by tradestone ltd and regulated by the cyprus securities and exchange commission (cysec). The global branch is run by FBS markets inc and regulated by the international financial services commission of belize (IFSC).

FBS has a head office location in cyprus and claims to have over 15 million active traders across more than 190 countries, from malaysia and indonesia to south africa, pakistan and the EU.

Trading platforms

FBS uses a non-dealing desk (NDD) system with STP for rapid order execution. After registration and login clients have a choice of two platforms to access the markets.

Metatrader 4

MT4 is a market-leading platform that FBS clients can download for PC. The trading platform includes a range of features:

One-click execution and copy-trading

Expert advisors (EA) service and apis

Wide range of technical indicators and charting tools

Support for clients using a virtual private server (VPS)

FBS metatrader 4

The global branch of FBS also offers MT4 multiterminal, which allows clients to operate multiple accounts simultaneously.

Metatrader 5

This broker recently added MT5 integration to its portfolio. This platform is a recent update to MT4 with greater versatility that offers the following:

Hedging & netting

Market depth view

More technical indicators

More order types and timeframes

FBS metatrader 5

MT4 and MT5 are also both available without a download via any browser through the webtrader solution. This service works across all operating systems and has all the features of the original software.

Markets

Clients can access a wide range of assets for trading:

Forex – 28 standard pairs plus 16 exotics

Metals – four precious metals

Energies – WTI and brent crude oil

Stocks (global only) – 40 company shares

Indices – four indices including the NASDAQ

Unfortunately trading on the FTSE100 is not offered and neither is cryptocurrencies, such as bitcoin.

Trading fees

Spreads offered by FBS vary by account type and region. For EURUSD, the global firm offers a spread of 3.0 pips on its micro account, 1.1 on its standard and cent accounts and zero pip spreads on its zero and ECN accounts. In the EU the same spread is 0.7 pips with both the standard and cent accounts. Our review was pleased to see competitive spreads with the zero and ECN accounts.

The global branch charges a fixed rate commission of $20 per lot on the zero spread account and $6 on the ECN account. It also charges $3 for stock trades and $25 for CFD trading.

FBS charges overnight rollover fees (swap-free is available) and a cancellation fee of €5 for transactions that have taken advantage of price latency. Accounts dormant for 180 days are charged a €5 monthly fee.

FBS leverage

The maximum leverage available depends on account type and branch. In the EU the broker provides leverage up to 1:30 on standard and cent account types. Globally it offers up to 1:1000 on the cent account, 1:500 on the ECN account, and 1:3000 on other account types.

FBS has a margin call of 40% and lower, whereafter it is entitled to close a client’s position.

Mobile apps

FBS trader app

The owner and CEO have ensured that FBS trader is a free and fully-featured trading app. It can be downloaded to android (APK) devices from google play. Outside the EU it’s also available on ios. The broker’s downloadable app offers forex and top instruments for trading, alongside real-time stats and easy management.

FBS mobile app

MT4 & MT5 apps

Both metatrader platforms are also available as mobile apps from the app store and google play. The apps have the main features of the native platforms including technical analysis with the convenience of one-click trading on-the-go.

FBS metatrader mobile trading

Payments

The minimum deposit at the online forex broker is different for each account type and trading region. The EU firm requires an initial deposit of €10 on the cent account and €100 on the standard. The global branch offers minimum deposits of $1, $5, $100, $500, and $1000 for the cent, micro, standard, zero spread, and ECN accounts respectively. Our review was pleased to see the low minimum deposit offering.

Several deposit and withdrawal methods are available including wire transfer (EU only), visa, and electronic payment systems, such as skrill and neteller. Deposits are instant for all methods bar wire transfer and withdrawals take up to 48 hours. Commission fees apply to withdrawals at the global FBS firm and identifying documents may be requested.

Demo account review

FBS offers demo versions of the cent and standard accounts in the EU. MT4 and MT5 integration are available and a range of instruments are offered to practice trading with zero deposit requirement. Once comfortable with the broker’s services, you can then sign up for a live account.

Trading bonuses

FBS has a wide selection of promotions and bonuses advertised on its global website. For example, the broker offers a trade $100 bonus with no deposit necessary. The broker credits clients with $100 and if the client has 30 active trading days with 5 lots traded, the bonus can be withdrawn. FBS also offers a 100% deposit bonus, which doubles the deposit available for trading, and many contests.

Licensing

FBS is a legitimate broker with regulations from respected authorities. The company that owns the EU branch of FBS is regulated by the cyprus securities and exchange commission (cysec). The global branch is regulated by the international financial services commission of belize (IFSC).

In the EU, the broker also offers negative balance protection to retail clients. Overall, we’re happy FBS is not a scam.

Note, traders from the USA cannot register for an account, though clients from most other countries are accepted, including canada, india and nigeria.

Additional features

The FBS website has an analysis section with resources including forex-related news, market updates, and a forex TV feature that displays informational videos, weekly insights, and trading plans. This broker also provides an economic calendar and forex calculators alongside extensive educational materials such as live webinars and tutorials.

FBS economic calendar

Copy trading

The copytrade solution from FBS lets beginners replicate the success of top traders with secure, flexible trading tools. Clients can use the user-friendly mobile app to compare traders, allocate funds and create a unique trading portfolio.

Trading accounts

New clients have the option of several live account types. In the EU, the broker offers the standard and cent accounts. The global branch additionally offers the micro, zero spread, and ECN account. Order volumes are the same across account types. The ECN account has no trading limits and market execution is by ECN, unlike the other accounts which use STP. In general, the more you can deposit the higher the account tier and the more competitive the trading requirements.

When opening an account, you’ll need to submit documents to verify your name, address and the country you’re registering from.

Pros and cons

Benefits

Advantages of trading with FBS include:

MT4 and MT5 integration

Ultra-low minimum deposits

Competitive zero-pip spreads

Range of promotions & deposit bonuses

Drawbacks

Bad areas flagged in our review include:

Fewer account and trading options in the EU

Commissions payable on many trade types at the global firm

Trading hours

The FBS broker website is available at all times. Opening hours for each asset depends on the market and timezone, but forex runs 24 hours a day on weekdays. The broker also provides a virtual private server (VPS) service, which allows the client to keep their trading platform on a virtual machine 24/7.

Customer support

Customer support is available in english, spanish, portuguese, french, german and italian:

Email – info@fbs.Eu

Live chat – logo in bottom right

Contact number – +357 25313540

Address – vasileos georgiou A 89, office 101, potamos germasogeias 4048, limassol, cyprus

Global

Contact options including live chat, callback, and whatsapp are available on the global website.

Trader safety

FBS ensure client personal information and privacy is safeguarded. Transactional information is also protected using transport layer security (TLS). The metatrader platforms also offer dual-factor authentication at the login stage for added security.

FBS verdict

FBS is an international forex broker that offers low minimum deposits and a variety of trading accounts with MT4 and MT5 integration, alongside the FBS trader app. Spreads are competitive, and both novice and advanced traders will feel at home with this broker.

Accepted countries

FBS accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use FBS from united states, japan, canada, myanmar, brazil, israel, iran.

Where is FBS regulated?

This broker is regulated in the EU by the cyprus securities and exchange commission (cysec) and elsewhere by the international financial services commission of belize (IFSC).

Is FBS a good broker?

FBS is a legitimate broker and not a scam. It is licensed by respected financial authorities and has positive online reviews.

Does FBS offer any bonuses?

The global branch of FBS offers 100% deposit bonuses and promotions where no deposit is required. This broker also offers trader contests and a VPS service.

What is the minimum deposit at FBS?

Clients can open an account with $1 at the global branch and $10 in the EU. The greater the initial deposit, the tighter the spreads and more advanced the trading tools.

What platforms does FBS offer?

FBS has both MT4 and MT5 platforms, which are available on any browser and as mobile apps. This broker also offers FBS trader, an in-house mobile application.

Does the FBS broker have trading on nas100?

Yes, clients can trade on the NASDAQ and three other major indices, including the S&P 500, dax30, and dow jones.

FBS minimum deposit guide (2021)

If you have read our FBS review then it is already very likely that you know a great deal about what this major forex broker has to offer.

Here though we take the opportunity to hone in on some specifics.

These specifics are the various funding methods made available at FBS and particularly the FBS minimum deposit and how this can change depending on the choices you make.

74-89% of retail CFD accounts lose money

FBS account base currency

The FBS base currencies are limited. If you are trading from within europe, you can only access euro as your base currency and deposit in euro only. You also cannot convert other currencies into euro through FBS.

If you are trading from another location within the international market then you will have access to two base currencies in the form of euro and USD. In this case, if you find the account with another currency, it is possible you will incur a conversion fee.

FBS funding and deposit methods

As a major forex broker, FBS makes a wide number of options available for you to choose from when funding your account. We have detailed these below and the FBS fees which are associated with each method.

Wire transfer

FBS deposit by wire transfer funding is available around the world and comes with no fees attached at all. With this said, you will want to double-check your bank’s policy of wire transfers since it is possible to incur a fee from their side, but never from the broker side in the case of FBS.

This deposit method takes 3-4 business days in order to be processed and available for trading.

Credit/debit cards

FBS credit and debit card deposits are of course also available. In this situation, visa and mastercard are both accepted although mastercard is only available within europe, while visa deposits are available around the world.

Deposits made through this method are instant and immediately available to trade within your FBS account. There are also no fees associated with this form of deposit.

Ewallets

FBS ewallet deposits are an increasingly popular way to fund your trading account. For that reason, the broker makes both neteller, and skrill available worldwide for funding.

Perfectmoney is another ewallet service which is available for FBS traders outside of europe only. Bitcoin deposits are also not permitted within the EU.

The ewallet deposits will not encounter any type of FBS fee and are also instantly available to trade with.

Deposits from indonesia

With FBS there are special exceptions made when it comes to deposits from indonesia. Indonesian traders can benefit from a fixed-rate currency exchange of 10,000 IDR for 1 USD. This means that you will not be impacted at all by currency fluctuation when making your FBS deposit.

Additional methods of deposit which are available to indonesian traders include local bank deposits from BCA, BNI, BRI, and more local banks in the country. This should make it very easy and fast to deposit.

Every deposit method offered in this case is fee-free with the exception of stic pay which charges a minimal commission. Both fasapay and perfectmoney are available without any fees.

The only point to note is that bank deposits will also still incur a commission based on your bank and their policy. All the methods noted, allow for an instant deposit to your account. The exception again here is banks which can take up to 24-hours.

Other methods

There are other FBS deposit methods available aside from what we have mentioned. This is particularly the case outside of the EU in areas such as the middle east and asia. Bitwallet is one such method available only in japan.

When it comes to other methods, the minimum deposit for FBS may vary along with some fees.

FBS minimum deposits

Having looked at the various funding methods available, let’s look closer at the FBS account types, of which there are many, and the minimum deposit FBS applies in each case.

Cent account

The FBS cent account is one that offers great value particularly to new traders, trading in cents.

This account type is available worldwide and has a very reasonable minimum deposit of 10 EUR within the EU or just $1 USD when trading outside of europe. This account has been also featured in our forex brokers with low minimum deposit guide.

FBS islamic accounts are also available.

Standard account

The FBS standard account is again one that the broker makes available to traders around the world.

Islamic accounts are always available should you require one, and the minimum deposit here stands at 100 EUR within the EU or $100 if you are trading under international regulation.

Micro account

The FBS micro account is only available to those trading from outside europe and it trades with micro lots. The account type offers excellent value again with a minimum deposit of just $5 to trade, and FBS islamic accounts available on request.

Zero account

Another account that is available only outside europe is the FBS zero account. This account makes zero spread trading available although there are commissions in place.

The FBS minimum deposit on these accounts will set you back $500 with the option of an islamic account again available if needed.

ECN account

Continuing the trend of only being available outside europe, the FBS ECN account provides for fast, effective ECN execution of your trades at the best prices and with the lowest spreads. Commissions are charged though, and only forex trading is available.

The ECN account features a minimum deposit of $1,000.

Copytrading account

The final FBS account type to take a look at is the copytrading account. This is again only available to those trading from outside europe and you can choose to be a signal provider or an investor.

If you choose to be a signal provider, you should be aware that you will only be allowed to open standard or micro account types and so you will be subject to those conditions and minimum deposits associated with those accounts.

As an investor, also known as a copytrader, you can open any account type and start to copy trade once your account is verified and you have a balance of more than $100. So, in the end, the FBS copy trade minimum deposit is 100$.

Related guides:

FBS deposit bonus

Lastly, after all the FBS broker minimum deposit variables, we will take a look at the FBS bonus conditions and criteria. This will help ensure that you do not miss out on an FBS bonus if one is available to you.

No deposit bonus

An FBS no deposit bonus of $100 is available to you as a trader under certain conditions. Among these conditions are that you cannot withdraw the money immediately. So, as such, you cannot withdraw this base FBS bonus. What you can do though is withdraw the profits you make on the bonus in the event that you successfully trade at least 5 lots within a 30-day timeframe.

$123 no deposit bonus

The FBS 123 bonus is one that used to be available. It is no longer available however and has since been replaced with the no deposit bonus which we mentioned above. This still represents a positive FBS bonus deal for the majority of traders.

100% deposit

An FBS deposit bonus is also available on request and under certain conditions. This means that you can effectively double your FBS deposit depending on the circumstances up to a limit.

FBS pro challenge

The final FBS bonus we will take a look at is the FBS pro challenge. In fact, this is not a direct type of deposit bonus, but it is a special type of contest event which is periodically opened to FBS traders to participate in.

With this type of challenge, you typically get to trade with a $10,000 FBS demo account on 100:1 leverage. If you are successful in making the most profit among your fellow competitors on this demo account over a 2-week period, then you will receive an FBS bonus amount of $450.

74-89% of retail CFD accounts lose money

FBS REVIEW - IS FBS A GOOD FOREX BROKER?

BRKV - FBS is rising as one of the best forex brokers for the asian regions in 2019, especially in thailand and indonesia. So, today I will give an FBS review for new traders who are still struggling to find themselves a suitable forex broker. FBS was founded in 2009. They allow traders to trade up to 35 currency pairs, 4 precious metals, 2 CFD, and cryptocurrencies.

When finding the best brokers, we need to have standards to rate them. These standards are the fundamentals that any brokers who want to become the best should meet. Those are:

Trustworthy	trading costs	trading conditions	local services
regulations	low spread	good quotes	payment system
historical activities	low commission	trading platforms	local offices
low slippages	availability
good rebate / bonus
low swap

Now, let’s have an FBS review based on the standards mentioned above. Also, I will compare some aspects of this broker to the top brokers such as exness or XM.

Credibility of FBS review

When it comes to credibility, of course I’m talking about regulations. The first and foremost factor used to judge a broker is their regulations. Regulations are the licenses that trusted financial organizations give to a broker to manage that broker. Regulation is the thing that makes sure a broker has to follow a certain set of rules to guarantee traders’ safety. Only big forex brokers can meet the demands of those regulations. FBS is regulated by cysec and IFSC , two of the most trusted regulations. So you can rest assured that you are in safe hands.

Speaking of regulations, there is one thing I think I need forex traders to understand. Some new traders tend to think that the broker who has more regulations is better than those who have less. This is actually a wrong idea. Having many regulations doesn’t mean that broker is better in term of trading. There are two scenarios here. If your country already has a regulation, you should work with broker who has that regulation. You won’t need any other regulations from elsewhere. Your own country’s regulation is enough. FBS has IFSC, a south african regulation, so traders in south africa can be safe when trading with FBS. On the other hand, if your country does not have a regulation, like most asian countries, you should trade with brokers who have at least one trusted regulation, FBS in this case is cysec. Too many regulations will only put more limits on the broker. Regulation is just a signal that lets us know that this broker is decent, reliable, and safe to trade with. A broker only need one trusted regulation.

Trading costs of FBS review

Spread of FBS review

Most traders would love to do business with a low-spread broker. Spread is the difference between the ask price and the bid price of a currency pair. The spread of FBS is only from 0.2 to 1.1 pip which is in the top low spread brokers . And it's spreads are much lower than XM, FXTM, FXCM. CHECK FBS SPREAD -> HERE.

Commission of FBS review

Some brokers charge commissions for income, so does FBS. Based on the type of account, FBS has different commission rates. For the cent and standard accounts, there is no commission. CHECK FBS COMMISSION RATE -> HERE.

Bonuses of FBS review

FBS offers many types of bonuses like deposit bonus, welcome bonus, or loyalty program. They have a bonus with the highest rate ever, up to $100. Their deposit bonus gives back trader 100% of the deposit amount. Also, there is the cashback program, which rebate you $7 for every lot traded. Right now, they are having the $50 bonus. You just need to sign up and $50 will be transferred to your account immediately. CHECK FBS BONUSES -> HERE.

Trading conditions of FBS review

Account types of FBS review

BRKV - FBS offers traders 4 different types of account, which are the regular accounts (cent account, standard account, and fixed spread account) and the ECN account. Each account type has its own features that are suitable for different types of traders.

Cent account: this is the account for beginners or new traders. Why so? The required deposit is only $1. When you first start trading, you don’t want to put too much money in it because 90% of new brokers lose everything when they begin trading. With only $10, I think you can practice trading in real-life conditions for up to 3 months. The spread is relatively low, only around 1 pip. The order volume is from down to 0.01 lot cent up to 1000 lots. The lower the better because that way you won’t lose too much money. And even better, this type of account does not charge any commission, so you can trade as much as you want without costing a penny.

CHECK FBS CENT ACCOUNT NOW.

Standard account: traders with a bit more experience will trade with this account. The minimum deposit is average, at about $100. The spread is better, only around 0.5 pip. The leverage is up to 1:3000, which is pretty high. Higher leverage is better. XM’s standard account leverage is only 1:888. The order volume is from 0.01 to 500 lots. And just like cent account, this account is commission free, which is amazing.

Fixed spread account: it is also called zero spread account. You can tell it by the name. This type of account has no spread. Instead, it charges traders $20 for commission. This is understandable because spread is main income of brokers. If the spread is zero, the broker must charge commission. The minimum deposit for this acco unt is $500. The other features are the same as standard account like the leverage and the order volume.

ECN account: this is the account for experts and long-term traders. The minimum deposit required is $1000, which is pretty high, but the commission are much lower than other brokers ($6). Actually, this commission rate is just as low as that of exness and XM, which is $5 and $6 respectively.

CHECK FBS ECN ACCOUNT NOW.

Payment system of FBS review

I’m sure that some US or UK brokers are very good in their country, but overseas, they are relatively bad, especially in asian countries like thailand or indonesia. In asia, if traders deposit by their credit cards, their banks will charge them from 1.7 to 4% of their total fund. Having a profit rate at 5% monthly is hard enough and now they have to pay 4% just for depositing? I don’t think so. That’s why it is not wise for thai traders to trade with those US and UK brokers. Therefore, choosing brokers who can offer local payment systems is very important. FBS is great in this field. They offer depositing and withdrawing through almost all local banks and e-wallets in asian countries. Furthermore, what makes FBS really wonderful is their transferring speed. They only come second to exness , the fastest in the market. Transactions at FBS only take from half to an hour to complete through banks, while other brokers can waste you hours or even days.

Customer support of FBS review

Customer care is vital in this forex field, because forex is a very complicated subject. Traders are constantly need as much help and support from brokers as possible. That’s why how a broker assist its clients is a standard to evaluate it. FBS supporting team is fantastic in my opinion. They can support clients in english 24/7 on live chat. You can even tell them to call you back. That can show how dedicated they are to customers. For non-english speakers, they have offices in indonesia, malaysia, egypt, thailand, china, korea and myanmar that are always ready to help customers 5 days a week.

Fanara filippo

Hey, I’m fanara filippo. I’m the founder of this site. I'm currently living in bangkok, thailand. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Let’s review brokers today.

South asian airlines are about to launch blockhain payment

FBS review 2021: why should you not choose the brokerage firm

Overall ratings

Satisfaction

Assests

Margin money

Broker charges

A brief history

This unbiased FBS review 2021 contains all the essential information you required to know before choosing the firm. It is a firm that entirely focuses on its profit maximisation rather than thinking about traders’ interest.

About FBS

FBS is a financial service provider established in the year 2009. The features offered by the broker are not up to mark and limited when compared with other firms. There are certainly many areas which require immense improvements. It includes the high minimum deposit, unrealistic leverage, poor customer support, outdated platforms, limited trading range etc.

The other major setback of the firm is that it has only two physical office locations. It serves its clients from two isolated office locations. Many times, it becomes hard for traders to reach the broker in case of some serious queries. Also, the customer support service of the broker is poor. Both these issues create a huge communication gap between both parties. Isn’t it worthless to opt for such a firm where you cannot contact the concerned parties for your queries?

Is FBS a scam or safe?

There is no information about the regulation and licence of FBS on its official website. Thus, it compels us to think that the broker is scam and unsafe for trading. Also, it does not offer segregated bank accounts, advance safeguard tools and secure encryption technology. So, it is risky to invest with the firm. Think before you make any decision.

Types of trading account

The broker offers four account types, but the minimum deposit associated with each account is beyond normal trader’s reach. The fees are extremely high.

For standard account, the deposit amount is high

For ECN account the minimum deposit is as high as $1000

Zero spread account, the minimum deposit is as high as $500

These amounts are clearly twice/five times/ten times compared to some renowned and advanced brokerage firms. Also, the trading charges charged by FBS does not do justice with the limited service it offers.

Moreover, the broker offers demo trading for a limited period, and it is relatively slow. The islamic account opening requires high charges (high deposit fee plus an additional fee). This additional fee is charged in case you open a trade for more than two days.

Minimum deposit

The minimum deposit accepted by the broker is extremely high and goes as high as $1000. It seems like the broker is more concerned about its profit maximisation keeping the interest and emotions of traders at the side.

Trading fee

Apart from the minimum deposit, you require to pay some high additional charges which include:

1) inactivity fee: you need to pay an inactivity fee (if you are inactive for more than 180 days). This fee is relatively high concerning other brokerage firms. It is $10 per year.

2) overnight fee: the broker charges a high overnight fee on trade, and it varies daily depending on the price at which the market closes.

Spreads and commissions

The broker’s spreads are variable and high. The minimum spread for trade is three pip which is extremely high compared to some renowned firms. Moreover, the financial service provider charges $20 per lot (traded commission) on a zero spread account.

Leverage on trade

From the official website, it is clear that the broker offers leverage of 1:3000. The limit is extremely high and unrealistic, alarming us that the firm is not safe. Also, this limit is far beyond the one fixed by some authentic bodies. The european union has fixed the maximum limit to 1:300. Firms failing to meet this limit falls in the list of unsafe and untrustworthy firms for trading.

Moreover, working on such high leverage can be extremely risky as leverage magnifies your losses.

Tradable assets and markets

FBS is a relatively old brokerage firm. Still, it has not taken any initiative over the years to expand this asset range. The tradable products and markets offered for trading are limited. Thus, the firm fails to offer an extended trading portfolio to its users. Also, stock cfds are not available in the european union.

Deposits and withdrawal

The process of deposit and withdrawal is complex and time-consuming. You need to fill the withdrawal form and wait for your request to proceed. The entire withdrawal takes more than four business days and also requires several charges. Apart from this, the options available are also limited.

Customer support service

The customer support team of the broker is inefficient and offers services in a single language. The response time for answering your queries is high. Many times the team does not receive phone calls, and the live chat option is offline.

Disadvantages of FBS

The broker offers a demo trading account to neophytes for a limited period.

It offers limited trading tools

The number of base currencies is also limited

The broker does not provide service in popular regions including japan, UK, canada, USA, israel and several other countries

High and variable spreads.

Limited tradable assets and markets for trading

The broker offers only two account types for european traders

Untrustorwna and unsafe

Poor customer support

Unrealistic leverage

High minimum deposit

The bottom line

FBS is a relatively old brokerage firm but unfortunately fails in offering quality services. There are various setbacks such as high minimum deposit, poor customer support, unrealistic leverage, outdated platforms and many others that disappoint traders. Also, there is no information about the regulation and licence of the broker. Hence, it is unsafe for trading. You can start your trading journey with other regulated and reliable firms such as hftrading, roinvesting, t1markets, global tradeatf, 101investing.

FBS review

Finance brokerage services

FBS are forex brokers. FBS offers the metatrader 4, metatrader 5, and MT mobile forex online trading top platforms. FBS.Com offers over 30 forex pairs, stocks, gold, silver, other metals, and cfds for your personal investment and trading options.

Related websites of this company include F-B-S.Com, hotoption.Com and https://fbs.Ae/.

February 2011: the website appears to be blocked in the USA.

Other websites of this company include fibexch.Com, fbs.Ae, fbs.Id, fbsforex.Com, fbs.Cn, jpfbs.Com, esfbs.Com, ptfbs.Com, fbs.Ae, vnfbs.Com etc.

Broker details

Video

Live discussion

Join live discussion of FBS.Com on our forum

FBS.Com profile provided by regina FBS, sep 5, 2019

FBS is an international broker with more than 190 countries of presence. 13 000 000 traders and 370 000 partners have already chosen FBS as their preferred forex company. We work since 2009 and provide fast and honest services.

Working with us is easy, convenient and, most of all, profitable. We are happy to offer exclusive terms unprecedented in the forex market.

To provide the best customer experience we organize seminars and special events, providing our clients with training materials, cutting-edge trading technologies and the latest strategies on the forex market. Both newbie and professional traders will find these sessions useful.

If you prefer to choose the best for yourself, FBS is just right for you. We even launched a COPYTRADE app which allows you to earn money both by copying a successful trader and by having people invest in your trading.

Once a client of FBS – always a client of FBS.
Www.Fbs.Com

Unique trading conditions for traders:
• minimal deposit of $1
• spread starting from -1 pip
• leverage up to 1:3000
• 35 currency pairs, 4 metals, 3 CFD
• split-second execution
• no requotes
• minimal order volume of 0.01 lot
• quotes precision of 0.00001
• trade with any advisors or strategies
• customer support in 15 languages
• deposits and withdrawals via visa/mastercard, wire transfer, neteller, skrill, perfect money, fasapay; local indonesian banks: bank central asia, mandiri, bank negara indonesia, bank rakyat indonesia, OCBC NISP; thai banks: krungthai bank, krungsri bank, siam commercial bank, kasikorn bank, bangkok bank; vietnamese bank: vietcombank. Lots of exchangers in different countries

Permanent promotions:
• $100 bonus - work out for more
• 100% bonus on each deposit
• cashback up to $7 per 1 lot

Loyalty program:
• VPS service
• guaranteed lucky T-shirt for a deposit of $500 or more
• guaranteed iphone X gift for a deposit of $5000 and 500 traded lots
• mercedes S-class for platinum status
• VIP membership

Partner program:
• $10 commission on EUR/USD
• monthly partner bonus up to $3000
• 3 levels of payments (15% from 2nd level partners and 5% from 3rd level partners)

Awards:
• best FX broker vietnam 2019
• most progressive broker europe 2019
• best FX broker europe 2019
• most promising broker 2018
• best forex broker asia 2018
• best investor education 2017
• best FX IB program

Top zero spread accounts for 2021

We found 11 online brokers that are appropriate for trading zero spread accounts.

Best zero spread accounts guide

Zero spread accounts

When trading foreign exchange markets the variation between the ASK and BID price is known as a spread. The spread represents brokerage costs and typically replaces broker commission and fees when trading.

With a zero spread account the broker offers an account that has no deviation in the ask and bid price. They are the same.

It said by some trading experts in the forex industry that if you are dealing in ‘day-trading’ or ‘high-frequency scalping,’ it is better to opt for brokers that offer for zero spread accounts.

Zero spread accounts let you know your entry and exit levels before opening a trading position. Because with zero spread accounts the bid and ask price are the same.

What are zero spread accounts

Lets understand zero spread accounts before discussing the advantages and disadvantages of trading with a zero spread broker account. Zero spread accounts are offered by many brokers and are similar to basic trading accounts but without any difference between the 'ask price' and 'bid price.' zero spread accounts have the same ask and bid price. These accounts are helpful when you want to know calculate the non-trading losses. One of the important non-trading losses is the slippage.

Before the birth of STP brokers and ECN brokers, all brokers claimed to offer low commission rates or low spreads, but with the advent of new technologies, zero spread accounts were introduced to offer traders the better trading prices. Many brokers adopted zero spread accounts to allow them to remain competitive against other brokerages.

Advantages of zero spread accounts

Zero spread accounts offer low commission fees and low spreads. Zero spread accounts are suitable for day trading and high frequency scalping trading.

Zero spread accounts allows traders to gain access to the live market spreads without any additional mark up on the spread by your broker.

If you are a small trader and don't like to widen your spreads, zero spread accounts are a good choice. If you place your bid on the wrong side, you can change the trade bias and there will be no more damage to your account by the spread.

With zero spread accounts pricing is sourced from several liquidity providers. Commencing a trade at the order price is essentially assured.

Disadvantages of zero spread accounts

Be aware that brokers don't make much money from your zero spread accounts and so they may try other ways to make money from you.

A broker may require a smaller or higher leverage when trading. Zero spread accounts often have higher minimum deposits required by the broker before trading can commence. Some brokers may not apply negative balance protection on zero spread accounts. Zero spread accounts will often have tighter stop loss levels and margins make sure you check with your broker before making any deposits.

Zero spread accounts brokers’ comparisons

The first and foremost thing to look at is the commission a zero spread accounts broker is charging from you. Usually, it may be a nominal fee or commission and added to it would be a small markup.

You may also find some brokers who may not charge any commission. In such a condition, your position may not be sent to the liquidity providers.

Zero spread accounts verdict

Zero spread accounts are gaining popularity lately due to the many features which are suited towards beginners. Brokers offer zero spread are attracting traders who want to experience forex trading without taking much risk with low transaction costs.

However, be aware that nothing comes for free in this world even if a broker says the zero spread accounts offered are free of any commission or fee. Traders are urged to examine the fees or commission as well as the tactics employed by the broker to make money from you.

We've collected thousands of datapoints and written a guide to help you find the best zero spread accounts for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best zero spread accounts below. You can go straight to the broker list here.

Reputable zero spread accounts checklist

There are a number of important factors to consider when picking an online zero spread accounts trading brokerage.

Check your zero spread accounts broker has a history of at least 2 years.

Check your zero spread accounts broker has a reasonable sized customer support of at least 15.

Does the zero spread accounts broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your zero spread accounts broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your zero spread accounts broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your zero spread accounts can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering zero spread accounts.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below zero spread accounts.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 zero spread accounts of 2021 compared

Here are the top zero spread accounts.

Compare zero spread accounts min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are zero spread accounts. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more zero spread accounts that accept zero spread accounts clients

The 10 best forex broker with zero (no) spread accounts

Do you want to pay less trading fees when investing in currency pairs? – then you should choose zero or no spread forex broker. On this page, we will show you the top 10 companies which are offering trading with starting pips at 0.1. Trading fees can be very expensive when you are doing scalping or high volume trading. By choosing one of our recommended forex brokers you can save a lot of money. In addition, we will provide you detailed information about zero spread trading.

Broker:	review:	spreads and fees:	regulation:	advantages:	open account:
1. IQ option	(5 / 5) ➜ read the review	starting 0.0 pips + NO COMMISSION ($ 10 deposit) – only on main market hours	cysec (EU)	+ leverage up to 1:1000 + personal service + best platform

Save trading fees by using a low spread forex broker

Overall, we tested more than 50 forex brokers in 7 years of trading time and trading fees are very important to check. Most brokers are offering spread-based account types and a few are offering a zero spread account in addition. Sometimes you can switch between a spread or a zero spread account. If you do a calculation between these two account types you will always see that the zero (no) spread account is cheaper for you. Less trading fees will bring you a higher profit.

Comparison between a spread and zero (no) spread account:

For example, you want to trade 1 lot with the EUR/USD asset. On the spread account, you got a 1.0 pip spread. The pip value is $10. That means you are paying a fee of $10 by opening and closing the trade. The value of the fees is depending on the asset.

Spread account: 1 lot EUR/USD with 1.0 pip spread = $10 spread fee

On a zero (no) spread account you are paying the most of the time $3.5 per 1 lot trading (commission)

Zero spread account: 1 lot EUR/USD with 0.0 pip spread = $3.5 spread fee

In conclusion, the zero spread account is 65% – 50% cheaper than a normal spread account. So you should definitely use a zero spread account to pay fewer fees.

Advantage of a 0.0 pip account:

The calculation above shows us that a zero spread account is cheaper than other accounts. That is the main reason why you should use it. In addition, it is better for certain strategies like scalping where traders only trade small trading movements. The real market prices are traded by the broker. Overall, the trading with a 0.0 pip account is more transparent.

Payless trading fees

Better trade execution

Real market prices

Transparent trading

Best for scalping

Disadvantages of a 0.0 pip account:

There is only one disadvantage of a 0.0 pip account. Some forex brokers got no negative balance protection. Forex trading is leveraged trading which implies high risk. There are some market situations where the broker can not close your position (big news event overnight). If you got bad luck and you are trading with a too big trading volume your account balance can become negative. But this is nearly impossible.

Our values to find a good online partner

For traders, it is hard to find a reliable and trusted online forex broker. As experienced traders, we know how to check a partner by certain criteria. Before signing up with a forex broker you should check the homepage to find important information to avoid fraud. There are some fake brokers who are scamming clients all over the world. That should not happen to you so definitely check the regulation of the company. A regulated forex broker is showing the license and regulation on the webpage.

In the following list and video, you will find our full criteria and comparison to find a reliable partner to trade forex. Regulation, the security of funds, and trade execution are very important to us and these are the key factors to trade like a professional.

Criteria for a good forex broker:

Official regulation

Official dealer license

Free demo account

Low minimum deposit

Professional support

Reliable trading platform

Fast execution

Low trading fees

How does a 0.0 pip forex spread broker earn money?

In the zero spread account, an additional spread is not charged but the broker will charge a fixed commission. This is depending on the trading volume of the position. Most brokers will show you a commission per 1 lot (100.000) trade. If the commission is $6 per 1 lot trade you will pay a commission of $0.06 if you are trading 0.01 lot.

In conclusion, the forex broker always earns money because of the additional spread or commission. If you are a high volume trader the broker will earn more money and sometimes the company will give you a rebate so that you pay fewer fees because of the high trading volume.

See the picture of 0.0 pips spread in EUR/USD trading here:

How does the no spread account really work?

In the following, we will show you exactly how it works behind the scenes. The most forex brokers getting liquidity by a “market maker” called “liquidity provider” and some companies are making it by themself. Around the world, there are big liquidity providers like banks (goldman sachs, barclays, citibank, and more). These banks are giving direct market liquidity to the forex brokers.

Forex broker liquidity providers

The orders are matched by the “spot market” and not traded on a real stock exchange like stocks or futures.

Get direct market spreads

With a zero spread account, you get direct market access and real original prices. Most forex brokers show you the liquidity in the trading platform. You can see the market depth and how much liquidity is there. In our opinion, no spread accounts are more transparent than spread accounts.

Direct spreads from liquidity providers

See the market liquidity

The most no spread brokers are ECN or no dealing desk brokers. You can see the market liquidity in your trading platform. The most popular platform is metatrader. If you click on “depth on market” you will see the order book (picture below).

Orderbook for no spread accounts

On the prices, you see the lots based on the liquidity. Liquidity can change very millisecond. We do not recommend trade with order book strategies in the forex market because the numbers are changing too fast.

No conflict of interest

There is no conflict of interest between the forex broker and the trader. It does not matter if you make a loss or winning trades. The broker earns only money by the commissions. Successful traders are welcome because the broker will earn more money in the long run. You can be sure that your funds and investments are safe when the broker got an official dealer license.

Be careful: slippage can happen on market events

Always be careful by trading forex. The 0.0 pip spreads are not fixed. On market events, there can be slippage and you get a bad execution. This also applies to normal spread accounts. It means the market is too fast and there is low liquidity. A lot of traders are closing their limit orders when a market news event happens. So the liquidity is small.

We do not recommend to trade on market news because of the high risk. The volatility can be very high and the movements are not predictable. So be careful when you trade forex. It is not without risk. On the economic calendar, you can see the market events for your forex pairs.

Conclusion: you should use a 0.0 pip forex trading account

On this page, we showed you detailed information about the zero spread account for forex trading. Nowadays, a lot of brokers are offering this account type. The minimum deposit is different from broker to broker. Sometimes you have to invest more than $1,000 into your account to get 0.0 pips spread.

The forex broker is earning money by an additional trading commission fee which you are paying each trade. Bdswiss is an exception with the monthly fee account. The commission is depending on your trading platform and trading asset. As you saw in our calculation you can save more than 60% of trading fees if you are switching to a no spread account.

With a regulated broker, you can be sure that there is no scam or fraud. The companies which we present on this page are tested with real money. To get a closer look at a forex broker you can read the full and detailed reviews. The winner is clearly tickmill because the commissions are the lowest.

Our reviews:

IQ option

IC markets

Tickmill

Bdswiss

Roboforex

Vantage FX

Admiral markets

Blackbull markets

The zero (no) spread account is the best way for traders to save trading fees. It is cheap trading with direct market liquidity.

So, let's see, what we have: do you want to know every detail about FBS spreads? Then click here in order to discover FBS spreads on every asset, and how they change! At fbs zero spread review