FBS is a trading name of Tradestone Limited. It is an international broker founded in 2009 and since 2017 FBS is registered and authorised by the Cyprus Securities and Exchange Commission (CySEC), license number 331/17. This writing is about the EU-regulated company. The other brand – FBS Markets Inc. – represents a company licensed and regulated by the International Financial Services Commission of Belize (IFSC) and is not subject to review.

There are two main types of accounts: Standard account and Cent Account. According to FBS the Standard account is intended for experienced market players, while the Cent account is for beginners who want to trade real funds without risking too much. The minimum deposit for opening a standard account is EUR100 and EUR10 for a cent account. The spreads of the instruments and the leverage are the same in both accounts. You can start trading by opening a demo account that is equal to the real one except for the money, which is virtual here. In addition, FBS offers so-called Islamic accounts with no swaps or interest rates.

Accounts can be deposited by several ways, including credit cards, Skrill or Neteller.

Some words about platforms. Customers can trade through the widespread MetaTrader terminal, version 4 or 5, including its web and mobile versions. Plenty of technical indicators, advanced charting tools and a wide range of Expert Advisors (EA) are available here. If someone thinks this terminal is too complicated, there is a mobile application developed by the FBS that has all the necessary trading features. Unfortunately, this app is only available to Android users so far.

Trading instruments are separated in five groups – forex, metals, indices, forex exotic and energies. The typical spread for EUR/USD is 0.9 pips. Unfortunately, there aren’t plenty of instruments available for trading so the demanding customer might not be satisfied. Because of CySEC regulation the leverage for major forex instruments is 30:1 and if you want some bigger value, you should choose the other brand that is not EU regulated.

The order execution policy claims there are no price requotes because all the client orders are processed with the NDD (Non-Dealing Desk) technology directly into the system of the liquidity providers. According to this section, 95% of orders are executed within 0.4 seconds. However, a more detailed look at the Risk acknowledgement and disclosure document shows that during the volatile market conditions, orders can be filled with negative slippage – at the next available price. Another thing to consider is that stop loss orders may not limit losses to the intended amounts and under certain market conditions the realized losses could be larger than expected. The good thing is that clients cannot owe this broker money – there is negative balance protection.

The website provides an Analytics & Education section where customers can learn about latest market news and daily analyses of the FBS experts. There is a third-party economic calendar and also an education section.

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