The broker has been operating with a mission to provide the best trading experience to all its clients, and its impressive features have kept investors coming back for more. In this FBS broker review Singapore, we will look into the features, pros and cons, how to open an account, and much more.
The Top Forex Brokers List in Singapore
Types of FBS Accounts
FBS offers various account types for different traders’ needs, including Cent, Micro, Standard, Zero Spread, and ECN accounts. This makes it easy for traders to choose the type of account that suits their budget and trading needs.
FBS Broker Regulation
To ensure that investors’ trading is secure, FBS is regulated by various trusted regulatory bodies. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) in Belize. Both of these regulatory bodies have a good reputation in terms of regulating forex brokers.
Trading Platform
FBS provides the cutting-edge MetaTrader 4 and MetaTrader 5 trading platforms, which are popular among forex traders for their stability and user-friendliness. Both of these platforms come with several indicators, charting tools, and Expert Advisors that can be customized to suit trader’s needs.
Trading Instruments
FBS enables you to trade over 35 currency pairs, four metals, and two cryptocurrencies. Besides, traders can also trade the stock market through CFDs (Contract for Differences), which include over 11 global indices and five energy commodities.
Customer Support
FBS has an excellent customer support team that is available 24/7, ready to assist clients in different languages. The customer support can be reached through email, live chat, and phone.
Payment Methods
FBS provides various payment methods, including bank wire transfer, credit/debit cards, e-wallets like Skrill, Neteller, Perfect Money, and more. Depending on the payment method, deposit or withdrawal processing time may differ.
FBS Broker Pros
- Multiple account types and payment methods
- Multiple trading tools
- Commission-free trading
- Low forex spreads
- Fast and reliable execution
- Negative balance protection
- 24/7 customer support
FBS Broker Cons
- No support for the cTrader platform
- Average educational materials
How to Open an Account with FBS?
Opening an account with FBS is an easy and straightforward process. Follow the steps below to create an account:
- Visit the FBS website and select ‘Open Account’ or ‘Start Trading’ button
- Enter your personal information, including your name, phone number, email, and password.
- Choose the type of account you want to open
- Submit required documents for account verification
- Deposit funds into your account to start trading
FAQs about FBS Broker
Is FBS a legitimate broker in Singapore?
Yes, FBS is a legitimate broker with a reputation for being one of the best forex brokers in Singapore. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) in Belize.
What is the minimum deposit required to open an FBS account?
The minimum deposit required to open an account with FBS varies depending on the account type. For Cent, Micro, and Standard accounts, the minimum deposit is $1, while for Zero Spread and ECN accounts, it is $500 and $1000, respectively.
Are there any fees charged for deposits or withdrawals in FBS?
FBS does not charge any fees for deposits or withdrawals. However, your payment provider may have fees associated with its services.
What trading platforms does FBS use?
FBS uses the MetaTrader 4 and 5 trading platforms. These platforms are popular trading platforms known for their stability and user-friendliness.
Conclusion
In conclusion, FBS has proven to be one of the best forex brokers in Singapore, with a wide range of features, multiple account types, and user-friendly trading platforms. The broker’s excellent reputation and regulatory status provide traders with a sense of security when trading. Overall, FBS is an ideal option for both novice and experienced traders looking to invest in Forex markets.
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