FBS Review Qatar
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FBS Review Qatar
FBS is an established name in the online trading industry. Under the belt of brokerage, the official partner of FC Barcelona, there is a long list of worldwide awards. FBS uses a hybrid STP / ECN model and connects traders to the market through the MT4 and MT5 platforms, along with its bespoke mobile app. Check FBS Review Qatar and start trade with us. See our FBS Review Qatar below for more details.
Clients can trade on 28 Forex pairs, 4 precious metals, 40 global stocks, and now a liberal selection of cash-based indicators. There is a $ 10 minimum deposit, 3 live accounts, a copy trading solution, and a hefty 1: 3000 leverage available. In addition, customers can deposit and withdraw funds online using Skrill, Neteller, Wire Transfer, and Credit Cards with low fees.
FBS already has millions of active traders as a trusted brand, but its cash-based indicators’ latest suite can entice potential users.
As one of the leading Forex brokers in Qatar, FBS Qatar (Financial Brokerage Services) has earned the trust of Qataris traders since 2009. The company began its operation in Russia, and today, it has many offices in most Asian countries, including China, Malaysia, the Philippines, Indonesia, Jordan, and Vietnam. The company declares to have more than 700,000 clients from many countries around the world. It complies with the International Financial Services Commission IFSC in Belize, the primary regulatory organization that monitors all the financial components of the company.
It is still under discussion whether it can be compared to the highly reputed and more stable international regulatory organizations such as the CFTC, NFA, FCA, ASIC, and CySEC. However, despite all the confusion surrounding the regulatory status, FBS is still considered a trustworthy broker and gains numerous awards and recognition due to its positive review from existing customers. However, it is not free from judgments either.
One of the many reasons why Qatar Forex traders open an account with FBS is for a low minimum deposit of $1 for an FBS Cent Account.
FBS Review Qatar – Trading Fees
The spreads offered by FBS vary according to the type and region of the account. For example, for EUR / USD, Global Firm offers 3.0 pip in its micro account, 1.1 pip in Standard and Cent accounts, and zero pip spread is zero and ECN accounts.
The same spread 0.7 pip with both Standard and Cent accounts in the EU. Our FBS Review Qatar is pleased to see competitive spreads with Zero and ECN accounts.
Global Branch charges a fixed rate commission of $ 20 per lot on the Zero Spread account and 6USD on the ECN account. In addition, it charges $ 3 for stock trading and $ 25 for CFD trading. The commission for opening and closing positions in the broker’s crypto trading account is 0.05%.
FBS charges an overnight rollover fee (available swap-free) and a €5 cancellation fee for transactions that take advantage of price delays. In addition, accounts deactivated for 180 days are charged a €5 monthly fee.
- Website: fbs.com
- Country: Belize
- Regulation: CySEC, IFSC
- Established: 2009
- Maximum Leverage: 1:3000
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FBS Leverage
The maximum leverage available depends on the type of account and the Branch. For example, brokers in the EU offer leverage up to 1:30 on Standard and Cent account types. Worldwide it offers up to 1: 1000 on Cent account, 1: 500 on ECN account, and up to 1: 3000 on other account types.
FBS’s margin calls are 40% or less. Then it is entitled to close a client’s position.
FBS offers up to 100% Bonus and up to 1:3000 leverage
One of the primary benefits of FBS is the 100% deposit bonus availability. It is given to all traders who will open a new account when making their first deposit. The bonus deposit comes with specific terms and conditions, which requires a certain amount of trading volume to be achieved before you can request a fund withdrawal. Availing a bonus deposit imposes additional restrictions on your account.
Therefore, before taking advantage of the bonus deposit, make sure that you have read and understood all the terms and conditions. Usually, conflicts happen between FBS and traders over withdrawal issues, as far as this issue is concerned. That’s why as a Forex trader with FBS in Qatar, you should consider availing Bonus deposit carefully.
History & Headlines
FBS broker is a global broker founded in 2009. In the EU, FBS is operated by Tradestone Ltd and regulated by (CySEC) the Cyprus Securities and Exchange Commission. The global Branch is operated by FBS Markets Inc. and is regulated by the International Financial Services Commission of Belize (IFSC).
FBS has a head office in Cyprus and claims to have more than 17 million active traders in more than 150 countries, from Malaysia and Indonesia to South Africa, Pakistan, and the EU.
Entities are regulated across multiple regions:
- ASIC 426359
- CySEC 331/17
- IFSC/000102/198
- FSCA 50885
FBS Review Qatar – Trading Platforms
FBS uses a (NDD) Non-Dealing Desk system with STP for faster order execution. As a result, clients choose two platforms to access the market after registration and login.
MetaTrader 5
FBS broker recently added MT5 integration to its portfolio. This broker platform is a recent update to MT4, which offers the following with greater versatility:
- Hedging & netting
- Market depth view
- More technical indicators
- More order types and timeframes
Both MT4 and MT5 are available through the WebTrader solution without downloading through any browser. This online service works across all operating systems and has all the features of the original software
MetaTrader 4
MT4 is a market-leading platform that FBS traders can download for PC. Trading platforms have different features:
- The wide range of charting tools and technical indicators
- One-click execution and copy-trading
- Expert Advisors (EA) service and APIs
- Support for traders using a virtual private server (VPS)
FBS’s global branch MT4 also offers multiterminal, allowing clients to manage multiple accounts simultaneously.
Markets
Qatar traders can access a wide range of assets for trading:
- Stocks (global only) – 30 UK, 40 US, and 30 German company shares
- Energies – WTI and Brent crude oil
- Forex – 28 standard pairs plus 16 exotics
- Cryptocurrency – Crypto trading is available through the FBS Trader app and the web-based Personal area. The Cryptos can be traded directly and in a range of 35 pairs – such as BTC/USD crypto/crypto or crypto/fiat, and LTC/USD
- Metals – four precious metals
- Indices – the long list of cash-based indexes, including the NASDAQ
1:3000 Leverage while trading with FBS
FBS Offers the traders leverage of up to 1:3000, it decreases your margin requirements and increases your market exposure. This means higher profits or losses depends on whether your trades are successful or not. So it would be best if you realized the higher risks involved when using high leverage.
Therefore, high leverage is a disadvantage for traders. The highest leverage offered by any broker in the industry is the 1:3000. Both new and expert traders are susceptible to the risks of higher leverage, as a large margin of 1:3000 can wipe out your investment with just a three pip move.
If the spread starts for Micro account is three pips, it is how a trader can face a margin call for opening deposits of as low as $5.
FBS Review Qatar – Mobile Apps
FBS Trader App
The owner and CEO confirmed that FBS Trader is a free and fully-featured trading app. FBS app can be downloaded from Google Play to an Android (APK) device. It is also available on iOS outside the EU. The broker’s downloadable app provides real-time statistics and easy management and Forex and top tools for trading.
MT4 & MT5 Apps
Both MetaTrader platforms are available as mobile apps from the App Store and Google Play. The apps feature key features of the native platform, including one-click trading with technical analysis.
FBS Review Qatar – Payments
The minimum deposit in an online forex broker is different for each account type and trading area. For example, an initial deposit of 10 euros is required in the EU firm’s Cent account and 100 euros in Standard.
Worldwide branches offer minimum deposits of 1, $ 5, $ 100, $ 500, and $ 1000 for Cent, Micro, Standard, Zero Spread, and ECN accounts. Glad to see our FBS Review Qatar offers less minimum deposit.
Different deposit and withdrawal methods are available, including Visa, wire transfer (EU only), and electronic payment systems, such as Skrill and Neteller.
All procedures for deposit of wire are instantaneous, and withdrawal takes up to 48 hours. Withdrawal from the Global FBS firm may result in commission fees and identification documents being requested.
Trading Bonuses
FBS is currently handling the ‘Level Up’ bonus. Open a Level Up Bonus Account, and you can get 70. This can be increased up to $ 140 using the FBS Personal Area app. Full details are available on the T&C FBS website.
Demo Account Review
FBS offers demo versions of cents and standard accounts in the EU. In addition, MT4 and MT5 integration are available, and a variety of materials are provided for trading practice with zero deposit requirements.
Once you are comfortable with the broker’s services, you can sign up for a live account.
FBS Introduces Commission-Free Stock Indices
Popular retail broker, FBS, has launched a commission-free index on its trading platform. By offering access to the global market with just a few clicks, clients can predict the US, European, Asian and Australian markets, among others. The broker’s new trading assets are available throughout the MT4, MT5, and FBS trader applications. Commission-free Indices
FBS clients can trade cash-based indicators on desktop and mobile devices. Indicators have no expiration date, which means long-term positions can be kept open. Traders can choose when to close ranks and not worry about commissions, making them a low-cost material. The latest asset class is an excellent option for investors to diversify their portfolios on established stock exchanges.
The cash-based indices available at FBS include:
- US30 – Mini-sized DJIA Dow Jones
- JP225 – Japan 225 (Nikkei)
- US500 – E-mini S&P 500
- AU200 – Australia 200
- EU50 – Euro Stoxx 50
- HK50 – Hang Seng
- UK100 – FTSE 100
- US100 – Nasdaq
- ES35 – Spain 35
- FR40 – CAC 40
- DE30 – DAX
FBS Review Qatar – Licensing
FBS is a legitimate broker with the regulatory authority. The FBS company that owns the EU branch of FBS is regulated by (CySEC) the Cyprus Securities and Exchange Commission.
The global Branch is regulated by the International Financial Services Commission (IFSC) in Belize. ASIC also regulates the brand in Australia and FSCA in South Africa.
Licenses:
- ASIC 426359
- CySEC 331/17
- IFSC/000102/198
- FSCA 50885
In the EU, brokers also provide negative balance protection to retail clients. Overall, we’re glad FBS isn’t a scam.
Qatar traders cannot register for an account, although traders from most other countries are accepted, including Canada, India, and Nigeria.
Additional Features
FBS trading website has an analysis section with resources including market updates, Forex-related news, and a Forex TV feature that showcases informative videos, weekly insights, and trading plans. In addition, the broker offers an economic calendar available in the mobile app and a wide range of educational tools such as live webinars and tutorials and forex calculators.
Copy Trading
FBS’s CopyTrade solution allows beginners to replicate the success of top traders with secure, flexible trading tools. Clients can use user-friendly mobile apps to compare traders, allocate funds and create a unique trading portfolio.
Also, for new traders, FBS offers the first three trades risk-free. When Qatar traders sign up for the first time, they should click to opt-in to the risk-free promotion and then select three merchants to copy up to $ 100 each. When trades profit stops, you get to keep returns. If they cause a loss, you will be reimbursed your original deposit.
FBS Review Qatar – Trading Accounts
New clients have a variety of live account options.
In the EU, brokers offer standard and cent accounts. Global Branch offers additional Micro, Zero Spread, and ECN accounts. The order quantity is the same across the account type.
ECN accounts have no trading limits and are marketed by ECN, unlike other accounts using STP. In general, the more deposits you can make, the higher the account level and the more competitive the trading requirements will be.
FBS broker also offers a dedicated crypto trading account for aspiring digital currency investors. Clients can take a position on leading tokens with a suite of analytics tools and features to enhance the trading experience. Leverage up to 1: 5 is provided with the broker’s crypto trading solution.
When opening an account, you will need to submit documents to verify your name, address and the country from which you are registering.
Pros
Advantages of trading with FBS include:
- MT4 and MT5 integration
- Ultra-low minimum deposits
- Competitive zero-pip spreads
- Cryptocurrency trading account
- Range of promotions & deposit bonuses
Cons
Some bad areas flagged in our review include:
- Commissions payable on many trade types at the global firm
- Fewer account and trading options in the EU
Trading Hours
The FBS website is available at all times. The opening time of each asset depends on the market and time zone, but Forex runs 24 hours a week.
FBS broker also provides a Virtual Private Server (VPS) service, allowing clients to place their trading platform on a virtual machine 24/7 hours.
Is FBS Forex broker legal in Qatar?
Yes, it is legal and safe to trade Forex with FBS in Qatar. However, the individual should fulfill his tax liabilities. The financial sector in any country is going through continuous policy changes. You must keep an eye on ever-changing rules in the financial sector and stay updated.
Customer Support
Customer support option is available in English, Spanish, Portuguese, French, German and Italian:
-
- Email – info@fbs.eu
- Live chat – Click logo in the bottom right
- Contact number – +357 25313540
- Address – Vasileos Georgiou A 89, and Office 101, Potamos Germasogeias 4048, Limassol, Cyprus
Global
FBS Contact options including live chat, callback, and WhatsApp are available on the global website.
Trader Safety
FBS ensures the client’s personal information and privacy are protected. Transaction information is also protected using Transport Layer Security (TLS). MetaTrader (MT) platforms also offer dual-factor authentication at the login level for added security.
FBS Verdict
FBS platform is an international forex broker that offers the FBS Trader app, low deposit, and various trading accounts with MT4 and MT5 integration. As a result, spreads are competitive, and new and advanced traders will feel at home with this broker.
Accepted Countries
FBS accepts traders from Qatar, Australia, Thailand, United Kingdom, Italy, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and most other countries.
Traders can not use FBS from the Canada, United States, Japan, Myanmar, Brazil, Israel, Iran.
Alternatives to FBS
If traders are searching for an alternative to FBS, we have a list of the top 5 brokers like FBS. Like FBS, this list of brokers ranks similar and includes only companies that accept traders from your position.
- OctaFX – OctaFX offers multi-asset trading on various platforms and mobile solutions.
- Admiral Markets – Admiral Markets is the leading Forex and CFD broker offering the MT4 & MT5 platforms
- RoboForex – The RoboForex is a multi-asset online broker offering powerful trading aides.
- FP Markets – The FP Markets is a multi-asset broker offering a choice of the trading platforms.
- ThinkMarkets – ThinkMarkets is multi-regulated Forex and CFD broker
FAQs
Where is FBS regulated?
FBS is regulated by the Cyprus Securities and Exchange Commission (CySEC) in the EU and elsewhere by the International Financial Services Commission of Belize (IFSC).
Is FBS broker a good trading platform?
FBS is a legal broker and not a scam. It is licensed by reputable financial authorities and has positive online reviews.
Does FBS offer any bonuses?
FBS’s Global Branch offers 100% deposit bonuses and promotions where no deposit is required. This broker also provides trader competition and a VPS service.
What is the minimum deposit at FBS?
Customers can open an account at branches worldwide for $1 and in the EU for $ 10. The higher the initial deposit, the tighter the spread and the more advanced the trading tools.
What platforms does FBS offer?
FBS has both MT4 and MT5 platforms available in any browser and as a mobile app. In addition, this also offers FBS Trader, a mobile application.
Does FBS broker have trading on Nas100?
Clients can trade on three major indices, including NASDAQ and S&P 500, Dax30, and Dow Jones.
FBS Forex Broker Review Qatar 2022
FBS Qatar is one of the most famous Forex brokers in Asia, with thousands of clients from Qatar. It has won many awards in the past years from Global Forex events, and the latest awards are” Most Progressive Forex Broker Europe 2019 and Best Forex Broker Vietnam 2019“.
Therefore, as a Forex trading provider, FBS, along with its features, facilities, and regulatory compliance, is considered a reliable and trusted Forex Broker in Qatar.