FBS vs OctaFX Which broker is better in year ?

Daily trading plans and weekly insights are among the topics covered in video format. Financial reporting requirements make it easier to see how stable a publicly traded company is at a given time. Since FBS is not publicly traded, it is harder to gauge its financial health. Then keep on reading as we have battle-tested all of the features and services https://forex-reviews.org/ provided by FBS and outline our findings in detail below. International online Forex broker, FBS, together with Leicester City Football Club announced a brand campaign that aims to inspire people to reach new goals and new heights. Inspire With FBS & LCFC This brand campaign, Always By Your Side, was created to bring the idea of accessible trading.

• A user can open many account types and can even deposit differing amounts per account type.
• Before moving forward with leverage, it is important to understand that a leveraged account is extremely risky and you may lose more than you initial investment.
• As for the trading insturment selection, we found good conditions for trading on Forex, Metals while all connected by split-second execution through the STP model.
• Among others, the platform can be operated with no disruptions even when the connection speed is slow.

It seems to me an application to make trading lighter compared to Metatrader, that is very noticeable. In my experience even the issue of deposits and withdrawals is much faster as well. The work of the financial department, excellent execution of orders on all types of accounts, fast technical support, low entry threshold.

I wont say FBS is a scam because they are a but they are really a real Broker. But they will try everything possible to get out of giving a bonus. I’m really surprised with the comments some people have made here, since I’ve operated with this Broker for 11 months and I have never had any problems to deposit or withdraw . Exactly..FBS you cant withdraw ..always have new rules to reject the withdrawal.. May you please share the broker that your using currently.

Features of FBS

Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. It ‘a true, that it takes less time to deposit in your account than withdrawing. I work for one of the biggest custodian bank and this is just the way it works. Get a successful cent account to test a system and they will arbitrarily close it for no reason, maybe they d’ont want you to go live after all.

Lastly, the Crypto account is dedicated solely to cryptocurrency trading and is only accessible through the FBS Trader mobile app. You will also need to contact support in order for the FBS crypto account to be set up for you. We will need to cover more aspects of this broker, like its customer support, financial regulatory authorities, trading accounts, and more, all of which are pretty impressive. The FBS Standard account is ideal for traders who are interested in a traditional trading experience.

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In case you have any questions, please feel free to contact us any time via email at or our LIVE chat. Regarding the spread, please kindly consider that it is not regulated by FBS, since we are no market maker broker. Spreads on the cent account are slightly higher and therefore not suitable for scalping. Please read FBS Broker Reviews below and share live trading experiences with this company. Deposit and withdrawals choices for clients of FBS include VISA, Bitwallet, Local Exchangers, Neteller, PerfectMoney, Skrill, and SticPay. It takes a few days for the withdrawal request to process if done by rapid transfer via banks, and takes less than an hour when the withdrawal methods include e-wallets.

If you’re reading this FBS broker review as a beginner, however, we recommend opting for MetaTrader 4. This platform is easier to navigate, offers great charting tools, and allows you to customize the interface. With MT4, you can also increase your chances of success by using automated trading robots, signals, or FBS’ copy trading tools.

Account opening

However, the forex market is not a market that makes money that easily. And anyone who hopes to make a profit needs to learn to trade before entering the market. With strong educational resources, a special low-risk ‘cent’ account, and a user-friendly app, we judged FBS to be an excellent choice for beginners. The advanced platform functionality of MetaTrader makes FBS a choice for experienced traders.

Bonuses and promotions are an effective way to attract new traders as they can potentially earn additional money if certain criteria are met. As mentioned, FBS Forex has reached over 190 countries and states they have over 12 million traders. A way to potentially gain an understanding of reliability is to look at the achievements. The list of achievements for FBS includes Best Customer Service Broker Asia 2016, Most Transparent Forex Broker 2018 and Best Investor Education 2017.

I never work on news pairs, but use instruments like oil, gold, silver or cryptocurrencies for trading. My first trades I opened with 0.01, I recommend to start with these volumes and then increase them, I reached 0.5. I suggest to work with these instruments very carefully, but now I see the sense to work only with them. FBS offers clients five types of accounts to choose from. No matter how you like to trade online, FBS has an account for you. Three of the accounts are commission-free, all of them allow EAs, have no requotes, and 24/7 support.

Forex traders get 37 currency pairs at FBS and 32 at OctaFX, making both suitable for trading strategies requiring fewer assets but liquid ones with lower spreads. Both brokers offer 30 cryptocurrency pairs, further strengthening their appeal for their core market. FBS additionally maintains large-cap fbs broker review equity CFDs, a sector notably missing at OctaFX. FBS, founded in 2009, and OctaFX, operational since 2011, established themselves as leading choices for social traders. Both developed proprietary copy trading services and offer the MT4/MT5 trading platforms with their integrated services.

Trading Conditions

I’ve provided them my bank statement but all they say was it completely process in there end. They insist of ARN to be relayed to my bank but my bank doesn’t recognise their provided ARN. My bank requested them certificate or proof for the refund but all they provide is ARN which is not recognise or cannot be used by bank for checking and verification. My withdrawal is lastly successful completed after 8 hours. Customer support is bad & they don’t understand But thank you and I will never use this platform.

You are looking for experiences withonline brokerFBS MarketsInc.? This broker does not charge any commissions or fees on trade. This means that they add an additional spread on a currency pair. How wide the spread gets, depends again on what account you use. Standard accounts start with a minimum spread of 1 pip. For the unlimited type of account, the spread starts off with 0.2 pips.

User Reviews

Even though majority of my trades weren’t as profitable as I wanted them to be, I still earned some money. We tested it and collected the options and costs in How to withdraw money on FBS. Is FBS legit features all the key aspects you need to look at to see if a broker is safe and legit.

In the sections below, you will find the most relevant fees of FBS for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. The FBS broker features vary depending on what type of account you’ll be getting and what platform you’ll use to trade. In this part of the FBS review UK, we will explore the different features, charting, and have an analysis of the platform.

Advanced technical indicators and tools for predicting reliable trading conditions despite the risks involved. FBS does not charge withdrawal fees, even for bank wire transfers. It is possible for both Standard and Cent accounts to upgrade to professional status. To qualify as a professional, traders must meet several eligibility requirements. We tested the phone support by asking questions like ‘what is the maximum leverage available for professional accounts? Chat responses were generally good, but stumbled a little on more complex questions like ‘how can I place a trailing stop order in MT5?

They are very kind, fast and we always received relevant responses. We also liked that they asked for feedback about the support. FBS has user-friendly research tools, ranging from trading ideas to a comprehensive economic calendar. The FBS web trading platform has great customizability. You can easily change the size and the position of the tabs.

The entire process takes around 10 minutes, which means you can test your skills on over 80 trading instruments in no time at all. If you’re a more experienced trader, you’ll benefit from the broker’s free market news and analysis. The broker’s Forex TV channel also offers weekly insights and daily trading plans to help you identify new trading opportunities. The broker updates its news page frequently , which makes it an invaluable source for keeping up to date with the latest market developments.

Pretty much everyone can find what they are looking for with the different account types. FBS offers a 100% Deposit Bonus to both beginners and seasoned traders in order to enhance their earnings. You only need to place an initial payment and claim the incentive within 1 month. You may also get it for every fresh account you create.