FBS is one of our recommended forex brokers. Some important information about FBS is listed below
- Regulated by CySEC, Fi, BaFin, and IFSC.
- Founded in 2009 with more than 12 years of experience
- Rated with an overall rating of 4.03 by fx-australia.com
- Support various trading instruments including Forex, Metals, Indices, Energies, Stocks, Forex Exotic, and Crypto.
- Many types of trading accounts such as Cent accounts, Zero Spread accounts, ECN accounts, and more support different trading conditions.
- Minimum deposit of as low as $1.
Why do we recommend FBS?
Other than the above advantages, the key reason that we recommend FBS is because the trading condition and the account type match with that our Exper Advisor’s requirement on brokers as follows.
- Support leverage of 1:500 and above.
- No Swap Fee -> It allows enabling no swap fee easily. This feature is very hard to find from other brokers. Some broker only allows this for Islamic customer but FBS support this for non-Islamic customer too.
- It provides Cents Account. This account type allows our customers to start with as low as USD 20. We recommend all our customers start with small capital to understand how the trading system works and only top up later when you feel comfortable with the trading system.
- Very competitive Spread for EURUSD – 8 -14 points.
- Easy to deposit/withdraw from/to local bank. We can’t speak for all countries but for Malaysia, it can easily withdraw to Maybank, Hong Leong Bank, Ambank, CIMB Bank, BSN Bank, Bank Islam, and Affin Bank. You also can fund from Crypto such as Bitcoin and Ethereum.
For the above key advantages, FBS is our main recommended broker for our Algorithmic Trading Apprentice Program.
If you are looking for a great forex broker, you can register your account here. Please note that we will gain some commission with your registration here.