WikiFX Broker Assessment Series | Is FBS Reliable?

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of FBS based on the facts.

What is WikiFX？

To explore whether FBS is a scammer or not, we evaluated FBS from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of FBS based on its general information and regulatory status

To understand FBS better, we explore FBS by analyzing main perspectives:

A. General Info of FBS

B. Regulatory Status

A. General Info of FBS

FBSs general info is shown below:

(source: WikiFX)

About FBS

According to its website, FBS was founded in 2009, it is a licensed global broker, operating in over 150 countries and receiving over 90 international awards with the trust of over 27 million traders and 700,000 partners, FBS has established itself as a reliable financial service provider. This broker offers over 550 trading instruments to trade, including Forex, metals, indices, and stocks.

It offers advanced trading technologies and services, like the FBS app, aim to enhance the trading experience by providing traders with all the tools they need for an efficient trading lifestyle.

FBS also offers an award-winning Partnership Program that provides some of the best compensation in the market. This program allows FBS Partners to receive up to 43% of the spread.

Since 2009, FBS has aimed to form a community focused on growth within the trading industry.

Account Types

FBS provides exceptional trading conditions for its clients. Upon registration, FBS traders can experiment with their trading strategies using a Demo account, and can seamlessly transition to a Standard account for live trading, and back again as needed. Additionally, FBS offers a swap-free option for traders who adhere to Islamic principles.

How to open an account？

Opening an account with FBS is simple. Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, and get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.

Trading Platform

In terms of trading platforms available, FBS offers its clients access to the leading MT4 and MT5 trading platforms. With MT4 and MT5, you can download it on multiple devices, including PCs, Apple computers, Mobile Phones, and Tablet computers for to you trade anywhere, any time.

IB Programs

This broker also offers excellent IB programs. See below.

Restricted Regions

FBS Markets Inc. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, and Myanmar.

Customer Service

Traders can reach out to FBS customer service via live chat, using the callback service, or on popular social media such as Facebook Messenger, Line, What's App, and Telegram

Deposits & Withdrawals

Regarding deposits and withdrawals, FBS offers traders more than 200 payment methods. Check the FBS website for more details.

B. Regulatory Status

The legitimate license of FBS Markets

FBS Markets is a regulated broker.

Conclusion:

FBS Markets is a reliable and regulated broker. WikiFX has given this broker a decent score of 8.75/10. However, we still advise fellows to do more research before making a decision. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.