What is FBS FX Trading？
FBS FX Trading, founded in 2013, operates as a broker based in the United States. However, this broker currently holds no regulations.
Pros & Cons
Pros:
24/7 Multilingual Support: Traders can access customer support round-the-clock in multiple languages, ensuring assistance is available whenever needed.
MT4 Supported: The platform supports MetaTrader 4, a popular and reliable trading platform preferred by many traders for its robust features and user-friendly interface.
Several Security Measures Applied: FBS FX Trading implements various security measures such as SSL encryption and account verification to protect users' personal and financial information.
Cons:
No Regulation: The lack of regulation raises concerns about the reliability and oversight of this broker, exposing traders to higher risks.
Lack of Info on Key Trading Conditions: Insufficient information on key trading conditions such as spreads, leverage, and fees makes it challenging for traders to make informed decisions.
Is FBS FX Trading Safe or Scam？
Regulatory Sight: FBS FX Trading is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.
SSL Protection: The platform utilizes SSL (Secure Sockets Layer) technology to encrypt personal data and financial transactions. This encryption, employing 128-bit encryption algorithms, ensures that browsing sessions are secure and data remains inaccessible to unauthorized third parties.
Account Verification: FBS FX Trading recommends users verify their accounts by submitting personal identification scans and proof of address. This verification process helps ensure that transactions are authorized and adds an extra layer of security to user accounts.
Withdrawal Rules: Withdrawals from live accounts require email confirmation, enhancing security by ensuring that only authorized users can access and initiate withdrawals. Additionally, users are required to use the same payment details for both deposits and withdrawals, preventing unauthorized third-party transfers.
Market Instruments
Forex: FBS FX Trading offers a wide variety of currency pairs for forex trading, allowing users to trade major, minor, and exotic currency pairs. This provides ample opportunities for users to engage in forex trading based on their preferred currency pairs and market conditions.
Cryptocurrencies: FBS FX Trading enables users to trade a selection of popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and others. This allows users to capitalize on the volatility and potential profit opportunities in the cryptocurrency market.
Stocks: FBS FX Trading offers access to a range of stocks from various global markets, including equities of leading companies across different sectors and industries. Users can trade stocks based on their investment strategies and market analysis.
Investment Plans
Basic Plan: This plan offers a return rate of 50% on investments. It is suitable for investors seeking moderate returns with relatively lower risk exposure.
Standard Plan: With a return rate of 100%, the Standard Plan provides investors with higher returns compared to the Basic Plan. It appeals to those willing to take on a moderate level of risk in exchange for potentially higher profits.
Premium Plan: The Premium Plan boasts a return rate of 200%, making it the highest-yielding option among the three plans. Investors who opt for this plan are typically comfortable with higher levels of risk and seek the potential for substantial returns on their investments.
Trading Platform
FBS FX Trading offers its clients access to the MetaTrader 4 platform, a widely recognized and trusted trading platform in the industry. This platform allows users to execute trades, analyze markets, and manage their accounts efficiently. Users have the flexibility to access the platform directly from a web browser, making it convenient for trading on the go.
Additionally, the MetaTrader 4 platform is available for desktop users who prefer a more comprehensive trading experience. It also supports mobile trading, enabling users to trade seamlessly from their Android or iOS devices, providing flexibility and accessibility to the markets anytime, anywhere.
Deposit & Withdrawal
FBS FX Trading offers a diverse range of payment methods for both depositing funds into trading accounts and withdrawing profits. Users can conveniently manage their transactions using various payment options, including Visa, Master Card, Credit Card, PayPal, Bitcoin, Litecoin, Ethereum, Ripple, etc.
Plus, FBS FX Trading offers unlimited maximum withdrawal amounts, so traders have the flexibility to access their profits without constraints, and traders can initiate withdrawals at any time, 24 hours a day, 7 days a week.
Customer Support
The customer support of FBS FX Trading is comprehensive and available 24/7 to assist traders with their inquiries and concerns. Traders can reach out to the support team via multiple channels, including WhatsApp, telephone(+1657522‑2731), and email(Info@Fbsfxtrading.Com). Additionally, the company provides a physical address at 866 Scott Street, Greenville, ME 04441, USA, demonstrating transparency and accessibility for further inquiries or assistance.
Conclusion
FBS FX Trading is a broker that provides 24/7 customer service, supports MT4, and applies several security measures. However, it lacks information on key trading conditions and holds no regulations either. In this case, we do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Is FBS FX Trading regulated or not？
A: No, it is not regulated.
Q: Can I contact them on weekends？
A: Yes, you can contact them at any time.
Q: Does it support MT4/5？
A: Yes, it does support MT4.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
