FBS appeared on the Forex stage in 2009. This Belize-regulated company provides services to traders from various regions including Indonesia. Our experts have done deep research of the broker’s activity to share their views.
FBS Brokerage Firm: Trading Conditions
FBS provides its clients with six trading account types, allowing them to be more flexible when picking a particular one. Thus, you can start trading with $1 only and choose an up to $3,000 leverage. Spreads are always floating and start from 0.5 pips. However, to benefit from the best difference between the Bid and the Ask price, you have to invest more in trading. There is also a zero spread account, allowing you to use various types of strategies including scalping and news trading.
Apart from fiat accounts, you can find a crypto one. To start using it, you need to invest from $1. The maximum leverage on this account is 1:5 and the spreads start from 1 pip. Apart from the spread, traders will also have to pay a special 0.05% commission.
FBS provides traders with the opportunity to trade various types of assets including Forex currencies, metals, CFDs on cryptocurrencies, indices, stocks, etc.
Trading Platforms
FBS Indonesia offers a variety of trading platforms. You can choose between Metatrader 4, Metatrader 5, and FBS Trader. Metatrader 4 and 5 are the brainchild of Metaquotes — a famous trading software developer. Both platforms provide traders with a variety of analysis tools, allowing them to forecast price fluctuations using 50+ technical indicators, graphics tools, etc.
Additionally, Metatrader allows users to apply trading bots and test strategies. You can also upload any type of trading software if it is based on the MQL4 programming language. Thus, you are not stuck to the pre-set number of tools. If you need to improve your strategy by any modern analysis too, you can easily do it.
Metatrader platforms have different versions. You can download them for desktop devices or use them instantly if you launch them in your browser. There is also a mobile app for Android and iOS.
The difference between various versions of Metatrader is not big. The range of indicators and graphic tools is the same. However, the desktop version has some advantages as compared to the browser and mobile variations.
FBS offers its own proprietary trading terminal for smartphones and tablets. Those platform apps are also designed for iOS and Android.
Analytics and Education
FBS is equally excellent for both new traders and skilled professionals. If you are starting your trading career, you will find a plethora of educational materials there including webinars, books, articles, videos, etc.
What can you learn there? FBS teaches its clients the basics of Forex trading. First and foremost, you will be able to find out more about how financial markets work. Later, you can learn more about the basics of market analysis, risk and money management as well as trading psychology. During the webinars, skilled traders will teach you how to cope with various market situations and build an excellent trading system.
Apart from education, you can also benefit from the market analysis that is provided by FBS experts. The website allows you to look behind the scenes in the financial markets. There is also VIP analytics for those who want to dive even deeper.
Experts Verdict
FBS is an international broker providing financial market services to its clients. It is famous for its low minimum deposit requirements (from $1) and incredible leverage (up to 3,000). By picking this Forex broker, you can benefit from education, analytics, and various promotions.
