FBS Qatar - Forex Broker ReviewGet attractive trading conditions and Bonus deposit for Qatar Forex traders
· It has been serving Forex traders since 2009
· A safe and honest trading environment
· Complies with International Financial Services Commission (IFSC)
· Free Demo Account and Bonus deposit
· Various trading accounts to fit small or big traders
· With $1 minimum deposit to start trading account
· Allows limited time up to 100% deposit Bonus
FBS Forex broker – Qatar
As one of the leading Forex brokers in Qatar, FBS (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, Philippines, Indonesia, Jordan, and Vietnam. Theb 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 organization such as the CFTC, NFA, FCA, ASIC, and CySEC. However, despite all the confusion surrounding the regulatory status, FBS is still considered as 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.
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.
FBS Forex Broker Qatar– Platform Types
MT4 and MT5 are the platforms used by FBS in accessing the Forex markets. It works on both desktop and mobile devices and connects to company’s high-speed servers for trading. The mobile trading platforms are available on the iTunes and Google Play Stores as MT4 apps.
FBS Forex Broker Account Types
FBS Forex offers five different account types, with an initial deposit starts at $1. Any trader can start their real trading journey in FOREX Market with either a $1 account or $5 Micro Account. The spreads in the Micro Account and Cent Account are relatively higher than other account types. For new traders, the Cent or Micro Account is the best account to start. And a Standard Account, Zero Spread Account, or an ECN Account is for professional traders.
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.
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 Forex Broker Review Qatar 2020
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 as a reliable and trusted Forex Broker in Qatar.