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FBS Review: Is FBS Legit?

FBS

Our FBS TRADING REVIEW revolves around a secret gem of the trading industry. FBS (Financial Brokerage Service) is a global broker with a global presence. Since its inception in 2009, FBS has quickly grown its global presence with over 150 countries and a loyal customer base of over 27 million traders worldwide.

Before choosing the appropriate brokerage service, due diligence is necessary to separate trustworthy platforms from scams. Therefore, in our FBS review, we ask the question whether FBS is a scam or not.

Overview: FBS – Awards, Offers & Global Expansion

FBS initially started as a Forex broker, but soon expanded into other instruments, which include CFDs on metals, stocks, indices or cryptocurrencies, just to name a few – enough for a diversified portfolio or to specialize in certain trades.

The expansion didn’t stop there. Nowadays, the broker offers numerous trading platforms in over 150 countries and has won over 70 trading awards in numerous categories such as Best Trading Conditions, Safety & Reliability, Mobile Trading, IB Program as well as Education & Support.

FBS

The awards are mainly from Asia, which shows the focus of the trader during the recent years of business. However, there are signs that FBS is further increasing its efforts in the European markets.

Recently, FBS joined a prestigious partnership with Leicester City (LCFC), a Premier League football club in Great Britain. During our FBS trading review, this was the first sign that FBS is a legit organization, as Premier League football clubs choose their partners carefully and conduct thorough background checks.

Further, we took a deeper look at the actual offers – and this is where FBS differentiates itself from other brokers. Customers can choose between 7 different accounts, which differentiate themselves according to the instruments, commissions, skill level and spread.

The following table summarizes the different trading options at FBS.

Account nameStandardCentProECNCryptoZero spreadMicro
DescriptionAll skill levelsSmall ordersLarge orders & algo tradingLarge ordersDigital currenciesPrecision account.For cautious traders
Skill levelBeginner Middle ExpertBeginner MiddleExpertExpertMiddleBeginnerBeginner
Leverageup to 1:3000up to 1:1000up to 1:2000up to 1:500up to 1:5up to 1:3000up to 1:3000
Spreadfloating from 0.5 pipsfloating from 1 pipfloating from 0.3 pipsfloating from -1 pipfixed from 3 pipsfixed 0 pipsFixed spread from 3 pips
Commission$0$0$0$6/lot0.05% for opening and 0.05% for closing positionsfrom $20/lot$0
Instrument types

Financial assets and contracts

36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs28 Forex pairs30 coins, 48 coin-fiat, 25 coin-coin, 10 coin-metal31 Forex pair, 2 metals31 Forex pair, 2 metals

Is FBS Safe to Use?

When it comes to trading companies, you need to do the necessary due diligence to ensure that your investment is protected. Questions to ask include: Are the company’s operating funds and your investments on separate accounts? And how about legal protection?

FBS is under the authority of financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) as well as the Financial Services Commission (FSC) in Belize. This further undermines the assumption that there is no FBS scam in any of its international operations.

During our FBS trading review, we dug further and could confirm that client funds are kept separate from the company’s operating fund. Traders can also never lose more money than their account balance. These are security measures, which contribute to a clear company image.

What Is FBS? How Does It Operate In the Philippines?

FBS Philippines scam or legit? To answer this question, we not only take a look at the global organization, but also examine the division in the Philippines. The main differentiator of FBS compared to other brokers are the 7 subscription types, which offer different fees, instruments and differ according to the trading level of the customers.

Expert traders are able to receive the best trading conditions according to the trading quantity, while beginners can choose a small order trading account with limited leverage options. Further, beginners can access various educational materials, including videos, webinars and articles.

FBS

Customer Voices

With today’s possibilities, potential customers can easily find comparison and review sites to get a thorough first impression of virtually any organization. FBS has received mixed reviews, which is generally speaking a good sign for its legitimacy. While most customers praise the trading accounts, some complain about technical issues.

The following section summarizes positive and negative reviews.

Positive reviews:

“Great experience with the app it’s easy to use for both beginners and the experts or the guys who have used it for while… Plus I love the update it shows currencies pairs and there volatility” (Google Play)

“Not a bad broker. When you login to the app, you are able to open multiple mt4 and mt5 accounts. You can transfer your money from and to these multiple accounts thats good. But the only thing missing is a wallet that u can transfer money from it to these accounts. And can also be used to store your money instead of always having all your money stored in mt4 or mt5.” (Google Play)

“It all flows well. I feel confident and secure here and that’s the main thing for me. I didn’t think a lot when it came to choose a trading account. I chose an ECN account because here I can count on tight spreads and the reasonable leverage size – 1:500. I rarely trade with other leverage sizes.” (Trustpilot)

Negative reviews:

“Downloaded the apps.. But unable to fund the accounts.. Tried 7 times with the help of customer service with web, kill the apps, different card, etc.. All fail.. Said will email me after their investigation and after 1 day.. No email.. Totally disappointed.. Give 1 star for appreciation for their quick customer service reply.” (Google Play)

Is FBS Legit? Is FBS Scam? Our Verdict

Taking all factors into account, we haven’t found one single indication that FBS is a scam. The company serves millions of customers on a global scale, is monitored by the world’s strictest financial agencies and has cooperations with famous European football clubs. This alone is a great sign that FBS is a legit organization.

Further, mixed customer reviews also contribute to the fact that FBS doesn’t scam its customers. In fact, the company reports that every day 7000 new accounts are opened, while half of its clients are able to multiply their initial deposit.

Therefore, we are certain that FBS is a legit company that has a lot to offer.

FBS

Making a Choice: Is FBS Your Ideal Trading Partner in the Philippines?

Our review is clear: FBS is a legit organization. We can even go a step further: Its diversified offers make the broker one of the most promising trading platforms on the markets. Customers can choose exactly the subscription, which fits their individual trading level.

FBS offers multiple bonuses and promotions, which include a generous welcome bonus, cashback rewards and much more. All good reasons to take a closer look at the platform.

Conclusion: FBS is a legit broker

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