BrokAIr Reviews

FBS Review

"FBS is one of the most reliable and trustworthy online brokerages - but their fees are some of the highest in the industry. How can they get away with charging so much?"

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FBS Online Brokerage Overview

Introduction

FBS is an international online broker established in 2009 in Belize. The company provides trading services for indices, commodities, stocks, and foreign exchange (Forex) markets, offering both corporate and retail investors with a wide range of financial instruments. FBS is regulated by the International Financial Services Commission (IFSC) in Belize and the Cyprus Securities and Exchange Commission (CySEC). FBS also offers educational resources to help its clients make the most of their trading experience.

Pros and Cons

Founders & Team

FBS was founded by Sergey Belyaev in 2009. Sergey is a graduate of the Moscow State Technical University with a degree in Economics and Management. He is highly experienced in the world of online trading, having worked as a trader, analyst and manager at various banks. Since its inception, FBS has grown to become a major player in the online trading industry, with offices across Europe, Asia, Middle East, Latin America, and Africa. The company's team consists of professionals from different countries who have expertise in finance and trading.

Public Opinion & Newsworthy Events

FBS has generally received positive reviews from its customers due to its competitive spreads and trading fees, fast execution speed, excellent customer support service and wide range of educational resources. However, some customers have reported high spreads on some Forex pairs as well as a limited selection of trading platforms. In 2020, FBS was awarded the “Best Forex Broker MENA” award by Global Banking & Finance Review magazine for its outstanding performance in the Middle East region. Additionally, FBS also became the official partner of Spanish football club Real Betis Balompié for the 2020-2021 season.

Conclusion

Overall, FBS is an internationally regulated online broker offering a wide range of financial instruments to both corporate and retail clients. The company has been praised for its low minimum deposit requirement, wide selection of financial instruments and excellent customer support service. However, some customers have reported high spreads on some Forex pairs as well as a limited selection of trading platforms.