FBS REVIEW - IS FBS A GOOD FOREX BROKER?Posted by freeamfva on March 15th, 2022 FBS REVIEW - IS FBS A GOOD FOREX BROKER? 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.To get more news about prosperity4x, you can visit wikifx.com official website. 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: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. 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 Commission of FBS review Bonuses of FBS review Cent account: This is the account for beginners or new traders. Why so? The required deposit is only . 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 , 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. Like it? Share it!More by this author |