Instruments: CFDs, Gold
Those of you considering a foray into the world of CFD trading are going to be faced with a number of choices. What instruments to trade, whether you want variable or fixed spreads, how you are going to make your payments, and what type of trading account you want to open. However, there is one vital decision you have to make before anything else. And that is which CFD broker to choose as your partner. There are any number of options, and a good way to whittle your options down is by reading our broker reviews.
Introducing FBS – A relative newcomer to the world of online trading
Compared to some of the big names in the world of CFD trading FBS can be considered a newcomer as it was established less than ten years ago in 2009. Nevertheless, it has quickly become a favorite with many traders. FBS Markets Company is the name behind the trading brand and has offices in a number of major Asian cities. The activities of FBS are regulated by International Financial Services Commission (IFSC). With clients from more than 120 countries and almost 2.5 million active traders, it is certainly worthy of being considered one of the big guns. The services offered are varied enough to cater to the needs of the smallest to the largest traders, and to those with very little trading knowledge as well as more professional traders.
FBS welcome bonuses include $123 and 100% deposit bonus
From the moment you sign up you are welcomed with a great bonus in the form of $123 credited to your trading account for you to use for the first 7 days. This is even before your account is verified and contact details confirmed. Any profit you make in those 7 days is recorded in the â€˜Bonus $123â€™ section of your personal area and your trading account then becomes an unlimited account. When youâ€™re ready to make your first deposit there is a 100% FBS bonus waiting to be claimed, enabling you to double your deposit. There are a number of other exciting FBS bonuses available including:
- Up to $15 cash back per order
- FBS lucky t-shirt
- Trade with FBS and get an iPhone 6s Plus
- Demo account contest with the chance to win a share of the $1,000 prize pool
- Free funds insurance
For those of you who havenâ€™t yet encountered deposit insurance letâ€™s explain how it works. It is possible to insure between 10% and 100% of your account balance. Should these funds be lost during trading FBS will compensate you.
Open an account with FBS with a minimum of one dollar
All the accounts available with FBS support 31 currency pairs and 2 metals and also provide free funds insurance. The most basic account can be opened with just $1.But letâ€™s look at each account option in a little more detail.
Cent account – Minimum deposit $1, floating spreads from 1 pip, leverage of up to 1000:1, and a maximum of 100 open positions and pending orders..
Micro account – Minimum deposit $5, fixed spreads from 3 pips, leverage of up to 3000:1, and a maximum of 200 open positions and pending orders..
Standard account – Minimum deposit $100, floating spreads from 1 pip, leverage of up to 3000:1, and a maximum of 200 open positions and pending orders..
Zero spread account – Minimum deposit $500, fixed spreads from 0 pips, commission from $20 per lot, leverage of up to 3000:1, and a maximum of 200 open positions and pending orders..
Unlimited account – Minimum deposit $500, floating spreads from 0.2 pips, leverage of up to 500:1, and no trading limits..
It is also possible to become a VIP client at FBS which will bring a number of extra advantages including priority processing of deposits and withdrawals, your own account manager, VIP gifts and a VIP client certificate. All the usual payment methods are supported including Mastercard and Visa, Skrill Neteller, WebMoney, and a range of other local methods. Many of the payment methods are processed instantly, and only Skrill and YuuPay are subject to additional charges. And we shouldnâ€™t forget the FBS demo account which provides the perfect opportunity to learn about online trading, test your own strategies, and use Expert Advisors free of charge.
FBS chose the most popular trading platform, MetaTrader 4
If youâ€™re wondering why MT4 is used by so many online brokers youâ€™ll only need to spend a short while enjoying the platforms experience. It is functional, user-friendly, and has a modern design, and is able to meet the needs of every trader. With FBS it is possible to download MT4 for Windows, iOS in the AppStore, for Android in GooglePlay, or trade directly from your browser with MT4/5 WebTrader. MetaTrader 5 is also available for those who fancy something more. Whether you want to trade from your desktop or try FBS mobile trading there is a platform to meet your needs.
FBS prefers to provide education on a more personal level
Rather than having a wide selection of online resources FBS has chosen the face-to-face approach and educate clients in a live setting. Seminars and workshops are regularly scheduled in various locations. We appreciate many of you will be unable to attend such locations as Egypt, Chiang Mai, and Bengkulu but donâ€™t let this put you off choosing this broker. There are so many other places you can look for trading education. If everything else FBS offers ticks your boxes open a demo account and try it out for real. There are a number of ways to get in touch should you experience a problem or have a pressing question you need answering. There are a few international telephone numbers, although the majority are in Asia. Also, there is an email support address and a live chat option. But unfortunately, this is only offered in English. If youâ€™re looking for a reputable CFD broker youâ€™ll find a lot being offered by FBS. We didnâ€™t uncover any negative comments from customers which has to be a positive thing. The one thing that makes this broker stand out is the free â€˜breakeven trading insurance scheme currently being offered. We didnâ€™t get a chance to try this out when writing this FBS CFD broker review but it certainly sounds very interesting and worth a punt.