Founded
2009
Minimum Deposit
$5
Leverage
1:3000
Platforms
MT4, MT5, FBS Trader
Clients
27M+
Support
24/7
Regulation
CySEC, IFSC, FSCA, ASIC, FSC
FBS is a globally leading broker known for its competitive forex and CFD offering. They offer a fast and simple account opening process and its trading platform provides a range of seamless deposit and withdrawal methods. FBS also shows a strong commitment to customer service and educational resources.
Established in 2009, FBS ranks as one of the few veteran forex brokers in the industry. The broker boasts an impressive reach globally, serving over 12 million traders across 190+ countries. FBS is also well-regulated, holding licenses such as Cyprus’ CySEC, South Africa’s FSCA, Australia’s ASIC, and Belize’s IFSC. For traders inside the UAE, FBS tailors its offerings with diverse trading account options suitable for both novice and experienced traders.
FBS offers a wide array of instruments designed to cater to varying investment preferences. Among the instruments available for trading through FBS accounts are forex, energies, stocks, precious metals, and indices. This diversity allows traders to explore multiple avenues within the financial markets.
Here is FBS’s complete offering:
Forex: FBS provides over 28+ forex pairs at ultra-competitive spreads starting from 0.0 pips, enhancing trading opportunities for traders.
Metals: Precious metals, including silver and gold spot trading are also popular instruments in FBS’s product offerings.
Indices: FBS brings traders access to 11 major indices from across the global markets. These include but aren’t limited to the AU200, DE30, FBS NASDAQ100, DOW30, FTSE100, and more.
Energies: The energies section introduces trading opportunities for Brent Crude Oil, Natural Gas, and WTI Crude Oil.
Stocks: FBS’s line up of stock CFDs opens the door to top global companies. This allows traders to diversify their portfolios with access to some of the leading names on Wall Street and beyond.
Like all brokers, FBS’s cost structure is based on factors like account type, market type, and region. As an example, for the popular EUR/USD currency pair, the EU firm averages a competitive spread of 0.7 pips. A distinct cost structure is observed for US stocks, where a competitive 0.7% commission is charged. FBS also adopts different fees for its various account types.
FBS does impose overnight rollover fees to its traders. While swap-free investing is an option, it’s important to note that this feature is not applicable to specific trading categories, including forex exotics, indices, stocks, and energy instruments.
FBS stands out by refraining from imposing deposit, withdrawal, or account fees. Additionally, a notable advantage is the absence of an inactivity fee, distinguishing FBS from its closest competitors and enhancing its appeal to traders seeking a low maintenance trading experience.
FBS offers seamless deposit and withdrawal processing, offering an array of methods. Among the payment methods available are credit cards (Visa and MasterCard) and e-wallets (Skrill, Neteller, Perfect Money, CashU, Bitcoin, Tether).
The minimum deposit amount for the Cent and Standard accounts is $1, making FBS a suitable broker for UAE traders just starting out and looking to trade in small volumes. Even their Pro account comes with a surprisingly low minimum deposit of only $200. This is significantly lower than competitors’ pro accounts which usually require minimum deposits well above $1,000.
FBS also offers efficient withdrawal processing, typically taking 1-2 business days on average. Notably, the majority of withdrawal requests are expedited during business hours, with many being processed within a matter of minutes to a few hours.
FBS provides traders with a trio of advanced trading platforms: MT4, MT5, and FBS Trader.
These platforms aim to offer an exceptional trading experience to both UAE and global traders. Offering an array of advanced trading tools and analytical patterns, these platforms can be easily accessed through web and mobile versions.
The MT4 platform at FBS offers versatility across web, Android, iOS, Windows, and Mac. With a comprehensive set of features, it presents 50 indicators, charting tools, VPS services, four types of pending orders, built-in news updates, and one-click trading functionality.
FBS’s MT5 platform, available across web and various devices, boasts 90 indicators, charting tools, VPS services, six types of pending orders, 21 diverse timeframes, an economic calendar, integrated news updates, and the convenience of one-click trading.
The FBS App stands out as FBS’s proprietary mobile platform, accessible for both iOS and Android. The app allows you to deposit, withdraw, manage accounts, analyze charts and trading statistics, trade 550+ instruments, and more.
Its user-friendly interface is suited for both beginners and advanced traders. The app features real-time charts, quick trade execution, balance management, and comprehensive analytics.
For UAE traders, FBS offers 3 main account types. These include the Cent account, the Standard Account and the Pro Account.
Cent Account: The Cent account introduces a unique approach, as both the account balance and transactions are denoted in cents. This means that a deposit of $10 translates to 1000 cents in your account. Notably low-risk, the Cent account serves as an excellent platform for Forex beginners.
It is equally appealing to seasoned traders seeking to experiment with new strategies. The account permits trading with smaller lot sizes and requires a minimal initial deposit, making it an optimal choice for those entering the market. With just a $1 initial deposit, you can access the Cent account at FBS.
This versatile account accommodates an array of trading instruments, including Forex, metals, indices, energies, Forex exotics, stocks, and cryptocurrencies. The Cent account is compatible with both MetaTrader 4 and MetaTrader 5 platforms.
Standard Account: The Standard Account caters to traders seeking a conventional trading experience, featuring competitive spreads and zero commissions. FBS empowers you to select leverage of your choice, with options extending up to 1:3000.
This account variety offers a comprehensive range of trading instruments, encompassing Forex, metals, indices, energies, Forex exotics, stocks, and cryptocurrencies. Across MetaTrader 4, MetaTrader 5, and the FBS Trader app, you can readily access the Standard account.
Pro Account: The Pro account from FBS targets advanced traders, offering enhanced volume trading capabilities. Characterized by unlimited orders and reduced spreads, this account type presents lower margin prerequisites, empowering traders with greater command over positions and risk management.
The Pro account requires a $200 minimum deposit, providing access to an account type optimized for experienced traders seeking a more sophisticated trading experience.
FBS Research & Education
At FBS you can learn to trade through the following channels:
Platform tutorial videos
General educational videos
Webinars and seminars
Quality educational articles
FBS also offers a Forex Guidebook, which includes a free course put together by FBS market analysts. The course can be useful for both beginners and experienced traders, and takes an in-depth dive into the forex market.
In terms of research, FBS traders in Dubai get access to real-time market news on the website, and have the option to filter the information issues via different asset classes.We also found a well designed Forex Calculator on the FBS website, along with an economic calendar to track the news and a currency converter for easy calculations.
FBS prioritizes the safeguarding of client funds in accordance with international regulatory standards for client protection. The company operates under the oversight of reputable regulatory bodies, including CySEC of Cyprus, IFSC of Belize, FSCA of South Africa, and ASIC of Australia.
Client funds are maintained securely in segregated bank accounts, distinct from the broker’s operational funds. FBS adheres to international benchmarks for minimum equity and conducts regular financial audits. Additionally, FBS implements negative balance protection, providing an added layer of security for trading clients.
However, it’s important to note that FBS lacks local regulation within the UAE. Nonetheless, this absence of local regulation in the United Arab Emirates does not impede its operations for traders in the region. UAE-based clients can confidently open an account with FBS, knowing that they are still trading with a globally regulated and experienced broker.
FBS offers reliable customer support in 18 languages and is available via email, live chat, phone and even social media. From our testing, we found their livechat to have the most useful and quickest response time. However, clients based in the UAE will be redirected to the broker’s global support team, since there is no FBS entity local to the UAE.
In conclusion, FBS presents itself as a globally recognized CFD broker with several attractive features for traders in the UAE. With a commitment to delivering a user-friendly trading experience, FBS offers a diverse range of trading instruments including forex, metals, indices, energies, stocks, and cryptocurrencies.
The availability of Cent, Standard, and Pro accounts caters to traders of all levels, from beginners to experienced professionals. The broker’s competitive spreads, no inactivity fees, and a variety of deposit and withdrawal methods further enhance its appeal.
FBS’s dedication to customer service is evident through its array of educational resources, including demo accounts, tutorial videos, webinars, and informative articles. The choice of trading platforms – MT4, MT5, and the proprietary FBS Trader – provides traders with flexibility and advanced tools to navigate the markets effectively. While FBS lacks local UAE regulation, its strong global regulatory oversight from reputable bodies ensures a secure trading environment.
Overall, FBS stands as a reliable option for UAE traders, offering both novice and seasoned investors a robust platform for their trading endeavors.
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