FBS RATING -OVERALL SCORE {65.8%} (?)

 

FBS is a popular Forex Broker for Asian Forex Traders. FBS is based in Russia and operating in the market since 2009.

Deposit Requirements: 5 USD

Funding: Cards | Bank Wire | Neteller | Skrill | WebMoney | OKPay | PerfectMoney | YuuPay

Platforms: MetaTrader-4 | MetaTrader-5 | MT4 Multi-Terminal | WebTrader | Mobile Traders

Customer Support: English | Arabic | Chinese | Russian | Indonesian | Malay | Thai | Vietnamese

» FBS Website

Chart: FBS Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a very good rating as concerns trading options and trading technology but a very low rating as concerns the safety of funds.

Chart: FBS Special Ratings

FBS RATING SUMMARY

The following table contains FBS's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • FBS FUNDS SAFETY
27.0%
  • FBS TRANSACTION COST
62.5%
  • FBS TRADING OPTIONS AVAILABLE
88.4%
  • FBS TECHNOLOGY
100.0%
  • OVERALL RATING
65.8%
TRADING EXPERIENCE  
  • FBS FOR FOREX BEGINNERS
68.0%
  • FBS FOR ADVANCED FOREX TRADERS
61.2%
  • FBS FOR PROFESSIONAL FOREX TRADERS
58.4%
TRADING STYLE  
  • FBS FOR INTRADAY TRADERS
64.1%
  • FBS FOR SWING TRADERS (MID-TERM)
58.4%
  • FBS FOR CARRY TRADERS (LONG-TERM)
34.1%

FBS DETAILED RATING REVIEW

 

FBS.com RATING ANALYSIS    
FBS TOTAL RATING   100.0%  
      65.80% FULL ANALYSIS
A. FBS  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 7.55% Rating the FBS Safety
A.1 FBS License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 1.0% Regulated by IFSC Belize (International Financial Services Commission) = 1.0% rating
A.2 FBS Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 0.00% FBS offers no client compensation = 0.0% rating
A.3 FBS Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 0.00% FBS maintains headquarters in Belize = 0.0% rating
A.4 FBS Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 4.00% FBS was found in 2009 (5-10 years) = 4.0% rating
A.5 FBS Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 1.25% FBS provides segregated accounts from 80,000 USD (receives 50% of total rating) = 1.25%
A.6 FBS Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.30% FBS ForexPeaceArmy Rating is 3/5.0 = 0.3% rating
A.7 (+) FBS ADJUSTING RESULTS        
A.7.1 FBS Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 1.00% Over 1 million accounts = 1% Rating
B. FBS TRANSACTION COST MAX WEIGHT→ 28.0% 17.50% Rating the FBS Transaction Cost
B.1 FBS spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.50% Typical FBS EURUSD spread is 1.7 pip = 2.5% rating
B.2 FBS spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 1.00% Typical FBS GBPUSD spread is 2.3 pips = 1.0% rating
B.3 FBS spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 1.00% Typical FBS USDJPY spread is 2.3 pips = 1.0% rating
B.4 FBS Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% FBS does not charge trading commissions on the tested account type = 7.0%
B.5 FBS Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.00% FBS rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$6.69 | FBS rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$0.24 | Total cost in absolute value is $6.45, rating = 0.00%
B.6 FBS Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% FBS does not charge withdrawal commissions = 2.0% rating
B.7 FBS Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 2.00% FBS does not charge Inactive Fees  = 1.0% rating
B.8 (+) FBS ADJUSTING RESULTS        
B.8.1 FBS Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. FBS.com TRADING OPTIONS MAX WEIGHT→ 28.0% 24.75% Rating the FBS Options for Traders
C.1 FBS Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% FBS Provides 54 Forex Pairs = 8.0% rating
C.2 FBS CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% FBS offers CFD trading = 2.5% rating
C.3 FBS CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 0.00% FBS does not offer CFDs on Futures = 0.0% rating
C.4 FBS Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% FBS Provides a free Demo/Practice account = 2.0% rating
C.5 FBS Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 1,000:1 max Trading Leverage = 1.0% rating
C.6 FBS Bonus/Rebate Promotions   5.0%    
C.6.1 FBS Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.50% $123 Credit Bonus (only withdraw profits) = 0.5% rating
C.6.2 FBS Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   2.50% FBS Offers self trade rebates (up to $15/lot) = 2.5% rating
C.7 FBS Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is between $1 and $100 = 2.0% rating
C.8 FBS Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% FBS offers 8+ deposit methods = 2.5% rating
C.9 FBS Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% FBS offers 8+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% FBS offers 2 pips minimum stop-out order distance = 0.25% rating
C.11 (+) FBS ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 54 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 FBS Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.25% FBS offers a Demo Account Competition = +0.25% rating
D. FBS TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the FBS Technological Efficiency
D.1 FBS Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% FBS offers MT4, MT4 Webtrader, MT5, and MT5 Webtrader, = 3.0% rating (max)
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% FBS is offering 'Trading-On-Charts' = 1.0% rating
D.3 FBS Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.75% FBS Slippage on execution is less than 1.0 pip = 0.75% rating
D.4 FBS Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% FBS allows automated trading = 2.0% rating
D.5 FBS MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% FBS offers the MT4 and MT5 platforms = 2.0% rating
D.6 FBS Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% FBS offers an MT4 App for iOs and Android = 2.0% rating
D.7 FBS Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% FBS allows both Scalping and Hedging = 1.0% rating
D.8 FBS Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 4.00% FBS offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat, Forum = 4.0% | Total rating is 4.0%
D.9 (+) FBS ADJUSTING RESULTS        
D.9.1 FBS PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.00% FBS is not offering PAMM/MAM accounts = +0.0%
D.9.2 FBS Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% FBS is offering a free VPS hosting service = +0.0%
D.9.3 FBS API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% FBS is not offering API trading = +0.0%
    TOTAL FBS.com RATING 65.80%  

FBS LICENSES AND LEGAL INFORMATION

■ FBS is regulated by IFSC (Belize 60/230/TS/12) and by NAFD (Russia -009069697) 

MORE RATINGS: » XM | » FXCC | » IRONFX | » HYCM | » HOTFOREX | » ICMARKETS | » FXGLOBE | » DUKASCOPY (EU) | » TALLINEX (US TRADERS)

FBS Rating Review

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Consisting four (4) Rating Factors {Safety, Competition, Options, Technology) -Maximum score is 100%

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■ THE MAJOR PAIRS

 EURUSD |  GBPUSD |  USDJPY |  USDCHF

AUDUSD |  NZDUSD |  USDCAD

■ KEY FOREX CROSSES

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EURAUD |  EURNZD |  GBPJPY

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BONUS DETAILS:

-1-. The maximum cumulative amount that can be earned is 20,000 USD/EUR per trading account.
-2-. The 100% Bonus Value is calculated as $5 USD per round turn lot traded. (100,000 units round turn) traded on FX & Gold products
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