FBS is a trading name of Tradestone Limited and is licensed and authorized by the Cyprus Securities and Exchange Commission (CySEC). FBS offers its services under the license of the International Financial Services Commission of Belize outside of EU. This international version of the website is operated by FBS Markets Inc, which is registered in Belize and is owned by FBS Inc., which is based offshore on the Marshall Islands.
The rules governing all CySEC regulated brokers are stringent. CySEC brokers should should follow strict ethical rules, hold at all times a minimum operational capital of no less than 730 000 EUR, should keep their customers money in a segregated, protected form creditors, trust account, should allow external audits, should file regular reports and should grant all traders a negative balance protection. On top of that all CySEC brokers are required to participate in an Investor Compensation Fund (ICF), under which a client will receive up to 20 000 EUR of his or her trading capital in case the broker files for bankruptcy.
The benchmark EURUSD spread floated around 1 pip as tested with a demo account. What is more FBS offers tight spreads not only with its Standard Account, but also with its Cent Account, where you will be able to enjoy trading with cent lots.
The leverage, offered by FBS in Europe is in line with the latest regulations of the European Securities and Markets Authority (ESMA) and is capped at 30:1 for retail traders and for their international clients however, FBS offers a much higher leverage – of up to 3000:1
FBS offers the industry standard MetaTrader4 platform. It is an excellent trading solution featuring well over 50 easily modifiable market indicators, as well as trading robots, with which one can easily run algorithmic trading sessions.
Deposit/withdrawal methods and fees
At FBS you can deposit or withdraw funds with a bank wire, with your VISA or MasterCard and also with two of the most popular e-wallets – Neteller and Skrill. Card payments and e-wallet payments are processed within 24 hours, while bank wire transfers may take up to 3 – 4 business days. The minimum deposit is 10 EUR. There are no deposit or withdraw commissions.