WikiFX Reviews FBS

Background:

Established in 2009, FBS is an online broker specializing in forex and CFD trading headquartered in Cyprus. The physical office of this broker is located at 89 Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol, Cyprus.

The website of FBS (www.fbs.eu) is owned and operated by Tradestone Limited, registered at Arch. Makariou 111 & Vyronos Р. Lordos Center, Block B, 2nd floor, Office 203 3105, Limassol, Cyprus (registration number HE 353534).

FBS claims to be duly authorized and regulated by the Cyprus Securities and Exchange Commission (license number 331/17). Keep reading to discover how WikiFX can verify if this is true!

FBS offers a wide range of trading instruments, including currency pairs, metals, stocks, energies, global indices and cryptocurrencies, alongside several types of accounts and trading platform options.

Accounts Offered:

FBS offers several account types (as illustrated in the images below):

Deposit and Withdrawal Methods:

FBS provides many deposit and withdrawal methods, including Visa, Mastercard, wire transfer, Maestro, Skrill and more. Please refer to the images attached below for more information:

Trading Platforms:

While FBS does offer the renowned MetaTrader platforms (MT4 and MT5), including a WebTrader like most of its peers, it also offers an in-house designed comprehensive trading platform app named FBS Trader.

This all-in-one application provides access to highly sought-after trading instruments, including currency pairs and metals, directly from your mobile device. This mobile application is said to provide real-time currency rate tracking through price charts, ensuring users never miss opportune moments. Its simplistic interface appears user-friendly for easy order management and account settings. Instant deposits and withdrawals are also available on this trading application through various methods such as bank cards, wire transfers, Neteller, and Skrill. Additionally, FBS provides a support team available 24/7 to address users' inquiries.

Customer Service:

Customers could choose to reach the said broker via support@fbs.eu. The contact numbers for FBS are +357 25 313540 / +357 25 313541, respectively. Alternatively, customers can submit messages or questions on FBS's website and wait for a reply from the company's support team. Unfortunately, this broker does not provide live chat customer service on its website, which could be a major drawback for many potential trading clients.

WikiFXs Verdict:

WikiFX is a global forex broker regulatory query platform that houses verified information of over 46,000 forex brokers. We research, review and rate forex brokers from various aspects to prove their credibility.

From here, it is stated that FBS has a WikiScore of 6.67 out of 10, which means this is a considerably reliable broker.

FBS claims that it is regulated by the Cyprus Securities and Exchange Commission, with license number 331/17. WikiFX has verified the legitimacy of this license.

In the forex industry, regulatory bodies play a crucial role in ensuring the fairness, transparency, and security of trading activities. These bodies establish and enforce regulations that brokers must adhere to, providing protection to traders and maintaining the integrity of the market.

In the forex industry, regulatory bodies play a crucial role in ensuring trading activities' fairness, transparency, and security. These bodies establish and enforce regulations that brokers must adhere to, providing protection to traders and maintaining the market's integrity. While CySEC is the Cyprus financial watchdog, it is often criticized for having a comparatively lower level of security and oversight compared to other tier-1 regulatory bodies like Australia's ASIC and the United Kingdom's FCA. These authorities, known for their stringent regulations and robust enforcement, provide a more comprehensive regulatory framework and are often considered more effective in safeguarding investor interests. Therefore, for trading clients who would like to seek a broker with better protection, feel free to utilize the free WikiFX mobile application or website (www.wikifx.com) in search of a regulated broker with a WikiScore of at least 8.0 and above.