100 reviews of FBS are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
As an experienced (10 years) trader who has had dealings with almost all the major brokers in business, I can tell you responsibly: DO NOT touch FBS, unless you wanna throw your hard money into water easily!
No broker is perfect - the fact which we all should accept; however brokers like FBS just make profitable trading impossible by laying its dirty little tricks in every chain:
1. Deposit: I use China Unionpay card and have made two large deposits so far, as they claims 'no deposit fees' using this system (as well as others), and what's silly - they give you one quote when you make the payment but they credit the trading account with another amount (less of course), and you don't even know how this amount come into effect until your money is gone (yes, no permission reminding during the whole process). 01/07/2014, first deposit € 7 098.00 (quote given by them), however only € 7 044.32 reached my account; 09/07/2014, second deposit € 4 165.00 (quote given by them), however only € 4 133.40 reached my account.
2. Execution/spread: As it's considered as the most important factor for a broker, by many traders including me, I thought FBS's spread conditions are not too bad (EURUSD 1.4 pip normally). However when you actually place orders and executions, you realize it's a joke, if not scam. Firstly the executed price is barely what you see, for example you manually close a position to get a profilt like 10 EURO and it will always end up losing 10 EURO - no huge difference? try it 6 out 10 orders! Secondly the pending orders are barely executed at the set price - you might want to call it huge slippage. I know many brokers have slippage issues more or less, but FBS definitely is a leader in this (at least in my personal list which includes many brokers like Fxpro, Exness, Alpari, XM, Ironfx, Hotforex, Pepperstone and etc...). On 03/07/2014, I set a 8 lots EURUSD sell stop order at the price 1.36100 to prevent the market going against me after Non-farm payroll data, and the order should be opened at 1.36011 - the lowest price the market hit! (not even middle of something!)
3. Bonus: I have to confess, the 60% trading bonus was the main factor atrracted me in the first place. I got my bonus for the first deposit, and unfortunately all my positions were stopped out on 03/07/2014 - leaving my account balance at around 200 EURO, which is the condition (written on their website) to get bonus for further deposit. So to save the possible fuss I opened another trading account with them and made the second deposit on 09/07/2014; however they just refused to give me bonus for this deposit, in the excuse 'I have used the 200 EURO balance left on my other account for trading and came to around 600 EURO new balance' - seriously?? Not to say if it makes any sense logically or not, IT IS NOT IN THE BONUS T&C!!! (when I pointed that out on the phone and asked them to find this in their written T&C, they just ignored it!!!)
4. Regulation and customer service: At first I thought they're regulated, cuz they claimed so, however later when I looked closer: SELF-REGULATED “Centre for Regulation in OTC Financial Instruments and Technologies” (CRFIN) and registered in Panama... alright, no wonder they wouldn't even give me a proper number to call when I asked...
Conclusion: Yeah I lost money with them and I'm not happy; however if you think that's the only reason I'm giving them bad credit , then you are wrong. I have been trading for a long time and there's always gains and loss, but with some brokers it's simply more difficult to make profit and I think FBS is one of them - that's why I'm in the process withdrawing my remaining funds and looking for business somewhere else.
The main advantages of FBS are –fast withdrawal of funds free of extra charges
I have not tried FBS analytics yet – I am used to relying on my personal experience.
The company serves the interests of its customers. I hope FBS would improve and develop even more.
I have been using fbs broker for 3 years and i am very satisfied with the service given.FBS provide a 30% deposit when you open account with fbs.
As for the deposit and withdrawal, it was so convenient as there are many options that you can choose from for the transfer method.
Advantage from FBS i get is No Requote,Guaranteed Order Execution Requote
Time of execution is under 1 sec,No restrictions Trading strategies
No restrictions for Scalping,No restrictions for uses EAs (Robots)
Allowed News trading
I have trading using FBS since 2012. There is nothing perfect, but so far I am satisfied with the service, fast execution, withdrawals process fast. I use a local bank for this.
I trade with FBS for about 2 years. There are many deposit and withdrawal options sutable for everybody. I use Neteller, my friend prefers CashU. All available.
Execution is fast and without slippage. My expert advisor that helps me receive my profit works fine. so I am really satisfied.
Thank you very much for being our client and for taking your time to share your feedback. I am so sorry that you haven't read the promotion conditions carefully and this misunderstanding has appeared. But this fact doesn't give you the right to call us "scammers".
Let's make it clear:
1. Clients of FBS takes advantages of real Market Execution. All deals of our clients are brought to the interbank currency market by means of the biggest liquidity suppliers such as UBS, Nomura, Bank of America, JP Morgan Chase, Goldman Sachs, HSBC, City Bank etc.
If you have any claims concerning your trading, please write a claim to email@example.com. You need to clarify in the claim your Full Name, Account Number, Date and time of the dispute Situation, Ticker of Dispute Order, Claim Description.
2. This is true, our Customer Service works 24/5, from Monday untill Friday.
To make answers faster sometimes they use ready answers, but this doesn't mean that they are computers. They are professional and qualified experts.
3. All withdrawal requests (no matter if a trader withdraw his profit or his own deposit) are processed within a working period of our Financial Department: 3 am – 3 pm GMT, Mon-Fri. Financial transactions are never processed longer than 48 hours during the working hours of Financial Dep.(according to our Customer Agreement), usually they are processed within a few hours.
4. Have you read the promotion conditions carefully?
According to $5000 Bonus Conditions:
"$5000 from FBS will be credited to “Extra” Commission in your Personal Area"
According to our Partners Agreement:
"The “Extra” Commission – is a part of the Introducing Broker’s Commission, which is reflected on “Extra” balance within an Introducing Broker’s Personal Area and available for a withdrawal in conformity with trading results of Introducing Broker’s Clients of the first 3 levels. The “Extra” Commission is automatically transferred from an “Extra” balance to an IB account balance in MetaTrader4 on the first day of each month in an amount corresponding to a number of lots, traded by the Introducing Broker’s Clients of the first 3 levels within a previous month."
This bonus will be transferred from your Extra Commission balance to your IB account balance (and will be available to withdrawal) in confirmity with the trading results of your Clients of the 1-3 levels.
That is why you can not withdraw funds from your Extra Commission balance yet. As soon as it is transferred to your IB account balance you can withdraw it any time.
I hope, that my reply was useful and now the promotion conditions are clear enough for you.
If you have any additional questions, please feel free to contact me.
first i told u company based from india kerla they not broker they are scammer
they are use virtual dealer system when u open trade like you open 1.3517 sell than order place on 1.3514 its very bad for trader
2 live chat support they always online monday to friday
but when u ask than they talk like a ready made computer no give proper support
3 withdraw if u make profit than her withdraw time more than 72 hours its very bad for trader
4 ib bonus scheme they always cheat ibs
just like ib 5000 bonus its totaly scam i complete her term & condition but i did not get ib extra commision in my perfect money
they just show in fbs wallet but they told u cannot withdraw
but when they launch ib bonus schme they tell me on 1 november u can withdraw 5000 usd
i contact many time but they are not give response
5. there are no office in her registered office address.
i trade with FBS for 3 years!! until now im still trading with FBS.. fast deposit and fast WD!! great!!
I am satisfied with FBS. FBS gives me a welcome bonus of 50%. besides forex trading with FBS is very comfortable. in addition, for the beginner. FBS offers free accounts for $ 5 which benefits can be withdrawn
Performance of FBS, which is very impressive
Direct Access to FOREX market
Guaranteed Order Execution Requote
Time of execution is under 1 sec
No restrictions Trading strategies
No restrictions for Scalping
No restrictions for uses EAs (Robots)
Allowed News trading
All i need for my trading is provided by FBS. No requtes and problems on trading platform and while my trading. No delays with withdrawals and deposits.
Hi this is Sri , I have been trading online with Etoro & FBS Holdings I started my carrer when i was 18 now i am 21 ... I am not an expert but i am proffessional I love to trade in XAUUSD even i can accurately predict the movement for the next day Apart from that i used to trade in USD/CHF & Gbp/Jpy Because these two are the most violant pair These pairs are Firmly Predictable too Anyway Nothing goes right everytime I lost more than 500$ when i started trading in Fbs Then I built my own strategy and applied it on demo account with FBS fortunetly it worked Still its working Now this past august 2012 I opened an account with Etoro Now its going well for me I am now trading with only USD/CHF , GBP/JPY and sometimes with XAUUSD too
i am using this broker for just 2 months .......
i had deposited a sum of 300$ under standard account and earned 600$ in the same month all credits goes to my EA
I am loving it.....
on 4/12 i had withdrawed a sum of 200$ to my moneybooker account
i had got my withdraw on the same day itself
very much happy
the most reliable brokerrrrrrrrrrrrrrrr
I dont know what to say .. because the FBS is a very good broker. faster execution, no requotes, fast wd ..
FBS is an excellent broker for me.
I've never found such a kind and professional support team.
They always ready to help us.
Withdrawal is very fast. And I have never face any problems with it.
There is no restrictions to scalping, that is why my trading is very profitable.
Thank you FBS.
Friends,I am an IB to a leading U.K based FSA regulated broker.I also worked with leading U.S brokers.I feel,most reviews are paid or fake.For an example,Please read review of Dr.Muhammad Ilyas.He claims that he can withdraw funds via pre-paid master card.I have a master card too.The fact is,there is no ATM in Arifwala that supports master card.Kindly check Master Card atm locator,You will find answer.Thanks
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