FBS Philippines - Most preferred Forex Broker in Philippines 2020Quick Account Opening, Free Demo Account, Easy Deposit and Withdrawal with FBS
- Free $100 to trade – It’s not a demo account. FBS gives you real money and real account with $100 to start your Forex journey
- Boost your skills – To level up your trading you need power-ups: along with $100 you get a full set of educational materials
- Start without deposit – Learn how to trade and make a real profit out of it – with no need to get your own money risked in the process
FBS Philippines – Start Forex trading with Free $100
Financial Brokerage Services (FBS) is a Forex broker that has its offices in Asian cities such as China, Malaysia, Philippines, Indonesia, Jordan, Vietnam, and Russia. It was initially based out of Russia and started its FX operations in 2009. The broker claims to have more than 700,000 clients from 120 different countries across the world. FBS complies with regulations of the International Financial Services Commission IFSC, the IFSC in Belize is a tax haven and the primary regulatory organization that regulates all the financial components of the company. Although FBS is not regulated by an organization such as the CFTC, NFA, FCA, ASIC, and CySEC, it is still a trustworthy broker.
FBS is still under debate as to whether it can be compared to the more established and highly reputed international regulatory organizations. However, despite all the confusion surrounding the regulatory status, the broker has indeed managed to receive numerous awards and recognitions for their services and has also been able to receive positive reviews from existing customers. However, it is not entirely free from criticisms either.
One of the main factors why traders pick FBS is due to the very low amount required to enter the markets. The minimum deposit required for an FBS trading account account is $1, which is for a FBS Cent Account.
FBS Account Types
FBS caters to the requirement of every type of trader. You have the freedom to choose from a range of trading account depending on your investment goal and risk capacity. FBS Account types are –
- A minimum deposit of $1
- Very tight spreads from 1 pip
- Maximum leverage of 1:1000
- No commission
- A minimum deposit of $5
- Fixed spreads from 3 pips
- Maximum leverage of 1:3000
- No commission
- A minimum deposit of $100
- Tighter spreads from 1 pip
- No Commission
Zero Spread Acct
- The minimum deposit of $500
- Floating spreads from 0 pips
- Commission from $20 per lot
- A minimum deposit of $500
- Maximum leverage of 1:500
- No commission
Unlimited Account FBS
Unlimited Account is usually reserved for institutional and professional traders and is the best type of FBS account due to its favorable trading conditions, lower cost of trading, comparatively lower leverage, and high speed of trade execution. A dedicated account manager who can help you on any kind of trading or funding related issues is available for the Unlimited Account Holders.
Is FBS Forex legal in the Philippines?
Yes, FBS is legal to trade Forex in the Philippines. It has its local office to support Philippines clients. There are thousands of clients trading with FBS without any issues for years. However, you must keep yourself informed about the recent developments in the financial regulations of your country, as it keeps changing time to time. Always stay compliant with the Government regulations and enjoy your Forex income instead of inviting troublesome issues by not complying with the rules.
FBS Platform Type
FBS choose MT4 and MT5 trading platforms for accessing the FX markets. It performs perfectly on both desktop and mobile devices. The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results. The FBS mobile platforms are available as downloadable MT4 apps on the iTunes and Google Play stores, while traders can also use the MT4 Web Trader for browser-related trading requirements.
How Does FBS Treat Their Clients?
Customer support is available in 18 different languages and is designed to offer the most extensive support to clients from Asian, European, and Middle Eastern clients. The live chat feature is an exceptional feature to get immediate assistance and can be made through emails or phone calls.
Unlimited account holders also enjoy SWAP-free accounts, which is an excellent feature for long-term traders who hold on to overnight trades. FBS account can help in reducing the cost of trading to a great extent, which is indeed one of the most significant advantages of FBS.
One of the other benefits of FBS is the availability of a 100% deposit bonus, which is offered for all traders opening a new account making their first deposit. The FBS bonus is certainly not favored, due to the conflicts arising between traders and FBS over withdrawal issues. Brokers only offer a bonus if traders are willing to accept their terms and conditions.
Also, the maximum leverage plays negatively to the company’s strength, the 1:3000 leverage is certainly the highest offered by any broker in the industry. Beginners and even experienced traders are receptive to the risks of higher leverage, as a huge margin of 1:3000 can wipe out the investment with just a 3 pip move. Considering that the starting spread for the Micro account is 3 pips, it is easy to know how a trader can face a margin call for initial deposits as low as $5. Another factor is the high leverage that adds to the overall negative image of the company.
However, if used wisely, both leverage, as well as lower spreads, can work exceptionally in the trader’s favor. Profitable FX trading is dependent on striking the perfect balance between all the different tools of the trade, and if done carefully, FBS Philippines offers excellent resources for making consistent profits in the Forex markets.
FBS Review Philippines 2020
FBS Philippines is one of the prestigious Forex brokers in Asia with thousands of clients from Philippines. It has bagged several awards in the past years from Global Forex events, the most recent awards are ” Most Progressive Forex Broker Europe 2019, Best Forex Broker Vietnam 2019“.
Based on our analysis of FBS as a Forex trading provider, its features and facilities along with its regulatory compliance, we recommend FBS as a trustworthy Forex Broker in the Philippines.
- FBS Philippines – Traders’ Rating 96% 96%