FBS

FBS is really good broker. I Like their customer support and fast order execution. Their Spread is really fair

chanel posted:
hi guys which is the account showed under myfxbook spread comparison? The tightest with no commissions???

Hello CHANEL!

Thank you for your inquiry - The account is ECN Account. It does have commission - take a look here to get more information https://fbs.com/trading/ecn . We will be happy to answer any questions that you may have via Live Chat, which is available in the bottom right corner on our website. Wishing you HAPPY and PROFITABLE TRADING!

To get back the fund from the online brokers is always the leading concern

In the event of withdrawal, FBS is excellent. Receiving my funds to my e-wallet within a couple of minutes! Never had any problem

A reliable broker. Thank you FBS!

Very professional Broker!

Thank you Mahmah for sending the chat. As we have stated above, your commission was cancelled only for 4 of your clients, which traded in violation of partner commission clause 7.4

7.4. In case partner commission was received for Buy and Sell orders opened for the same instrument and held in the market simultaneously, while the difference between the opening prices of the orders was less than 5 points, the Company has ground to consider the partner's actions fraudulent and reserves the right to cancel the paid commission (the value is valid for 4-digit quotes. For 5-digit quotes a difference between opening and closing price should exceed 59 points).
https://fbs.com/docs/partners_agreement_en.pdf

We hope that this clarifies the situation, and hope to continue our cooperation. if you have any further questions or needed clarification - please let us know.

Thank you.

This is the conversation of FBS and mine.

(08:57:01) mah: i got 100 clients
(08:57:05) mah: 1 of them
(08:57:09) mah: violate rules
(08:57:20) mah: then fbs cancel 100 clients commmsion
(08:57:38) mah: FBS win already . big winner
(08:58:16) mah: BUY - 1.10950 SELL - 1.10944 different 6 points. consider okay?
(08:59:47) Kristie: Yes, we are allowed to cancel all commission <-------- (1) allow to cancel all commission.
(08:59:59) Kristie: Aas for your example: it is 5 digit quote
(09:00:24) Kristie: The difference should be 59 points <------- (2) trader can't trade buy/sell in same time. hedging is not allow!
(09:01:33) mah: BUY - 1.10950 SELL - 1.10890 only valid?
(09:01:46) Kristie: Yes, for example
(09:02:07) mah: come on.. do you have see scapler or hedging before?
(09:02:30) mah: they are earning 0.00001-0.00005
(09:02:42) mah: i read online
(09:02:54) mah: the gap is so big
(09:03:03) mah: i am stunned
(09:03:36) Kristie: Sir, these rules are not applied for trading in general. But when it comes to receiving commission from trading (partner or cashback), then a client is not allowed to trade with less price gap


As from the converstation. As the agent has said it.

Dear Mahmah!
We are glad to know that first of all you have contacted our customer support in order to resolve the situation. Though, we are sorry, that our customer support’s explanation didn’t satisfy you and we consider that this issue should be clarified here, so everyone could see our point.

As you have rightly pointed out - our customer support has informed you, that your partner’s commission has been cancelled due to the violation of the rules. In the first place we would like to remind you that each client before becoming an FBS Partner confirms that he/she has read Partner Agreement and has no objection to it. According to the Partner Agreement:
7.4. In case partner commission was received for Buy and Sell orders opened for the same instrument and held in the market simultaneously, while the difference between the opening prices of the orders was less than 5 points, the Company has ground to consider the partner's actions fraudulent and reserves the right to cancel the paid commission (the value is valid for 4-digit quotes. For 5-digit quotes a difference between opening and closing price should exceed 59 points).
https://fbs.com/docs/partners_agreement_en.pdf
As we see in our system, you have 4 clients. We have checked the trading history of all of your clients and have found out that all of them were using hedged positions, while the difference between the opening prices of these orders was less than 5 (59) points. Unfortunately, this may be considered as the proof that the Partner commission in this case has been received with the help of fraudulent actions.
Thus, your statement that if one client violates the rules, all Partner commission is cancelled is not true, since in your case all of your clients were using this scheme. We would like you to note that only that commission is cancelled, which has been got for the hedged orders with the difference between the opening prices less than 5 (59) points.
As you may see, the condition about the difference in 5 (59) points doesn’t mean that the hedging is not allowed.

We hope that we have managed to clarify all the issues and have high expectation that such situation will not take place in the future.

I have register an IB account at FBS.
Then i invite friends to trade.

After that my commission was removed and same goes to my upline.

I have livechat with FBS. they said i violate rules.
The rules - hedging between are too close. all the buy and sell must more than 6 pip/60 points.

For scalper trader - not allow to take tp too little.
For hedging trader - can't buy and sell in 6 pips/60 points. FBS never think of hedging strategy.

For IB . i have livechat with them.
example:
If you have 100 clients, you have to monitor and take care all the trading.
if any one of the client are violate rules(hedging on 6pip/60points).
all of your commission will be cancelled.

Problem is , some clients are from website affiliate. which don't even know who is them. we just make a deal, when i got commission then pay them certain percentage. ( this is very common in forex deal)

** 1 client violate , other client commission will cancel**

seems this is the TRAP by giving high commission . all IB hardwork will waste in the end.
FBS is the winner in the end.

I've been trading from one broker to another broker for 2 years, until i find fbs that can provided what i need, very fast WD, low spread,credit 100% of deposit,local support for my country....and the interesting point for me is my account is no commission and no swap so i can trade fairly without subtraction and addition. So i am planning to stay in FBS.

Novar posted:
Full market maker broker, using virtual dealer plugin almost are possible.
2 to 6 second to close a trade !!!

imagine a sery of 10 trade can take 1 minute to close and of course in loss every time

and for withdrawal never amount you ask so you need to make many withdrawal and pay many fees every time to receive uor money

GO AWAY !!! You will never win at the end here 😇

Dear Snoopy!
First of all, we would love to ask you for relevant proof that FBS company is Market Maker.
Please, kindly take into consideration, that FBS doesn’t use such production of MetaQuotes, since we are regulated STP & ECN broker. We can recommend you to contact MetaQuotes to make sure that FBS never purchased virtual dealer plugin.

Considering execution time, please, take notice that the time of the order processing depends on the connection between the client terminal and the Company’s server, as well as on the current market conditions. During regular market hours the order processing time usually is 1 to 5 seconds. In irregular market conditions, the processing time can last longer.
In case of slow orders execution, please, try to rescan the servers. To do this, left-click on the green-and-red icon in the bottom right-hand corner of your trading platform and choose “Rescan servers”.

Thank you

MountainKing posted:
I came to them from an IB who offers free VPS for my robots -- and this is the only reason to stay.

Positive:
Cent account

Negative:
Fee for money in/out. I didnt pay much attention and deposited using Skrill: 7.5% fee(!).
Not regulated
Interest on swap (long AND short); no way to get swap free account.
Strange things in order execution: my Grid traders always win (semi automatic, I look at fundamentals, too).
  Green numbers every day. Same constellation -- different brokers. This night 1 of them produced RED at FBS.
  I compared with the other (good) brokers: All the trades from the grid traders basket closed within 6s with nice profit.
  Same robot / same parameters on FBS: FAT RED numbers. Why that??
  The basket of trades was closed wihtin... not 6s -- on FBS the robot needed 32 MINUTES to close the trades... 😡

Dear MountainKing!
First of all, we are glad to know that you liked the trading conditions of our Cent account type.

Though we are sorry, that some kind of misunderstanding has taken place.

We would like to draw your attention to the fact, that all commissions for deposits and withdrawals a client may find both on the site page ( https://fbs.com/trading/funds ) and in your Personal Area (you can see the fee right before making a deposit or withdrawal request).

Considering your remark about FBS regulation, please, kindly let us remind you that FBS is authorized and regulated by the Belize International Financial Services Commission (IFSC). IFSC serves as regulator of financial services at the international level and ensures that only the company's high degree of reliability and the level of social responsibility are able to carry out their activities in the territory of Belize and beyond.
Also, in December 20, 2013 FBS has entered a self-regulatory organization non-commercial partnership 'Center of regulation of OTC financial instruments and technologies' (CRFIN).

The next thing that we would like to mention is that we do have swap-free option. This option is available for Muslims only. If you are a citizen of a country, where one of the dominating religions is Islam, you can switch swap-free option right in your Personal Area.

As for your long execution situation, we would highly appreciate if you contact our customer support and specify the time, date, account number and order numbers so we could check it thoroughly and take measures.

Also, we would like to remind you that different brokers have different liquidity providers and trading strategy/EA settings that work for one broker, not always work for the other broker, unfortunately.
Thank you for understanding!

hadihasan posted:
I just knew FBS from a friend and by look of it I think it was okay, until something really unacceptable happend.

I trade for NZDUSD and NZDJPY and place the order before the big news and when it happend suddendly my order price change by itselft and the price gap happended, I got margin call because my SL cancelled by itself.

I can't accept this since ONLY FBS Trade have price gap on NZDUSD and NZDJPY on that day but not other broker. I used FXpro and XM and place the same pending order I put on FBS. I hit my TP and my order was opened where I place it, and NO PRICE GAP.

WHY only FBS have price GAP on NZDUSD and NZDJPY? to be exact on 9/6/2016. 0000hours

Dear Hadihasan!

We have considered your claim about bespoken pending orders (all NZDUSD and NZDJPY, Buy Stop), consulted with the server data, checked its log-files and come to the following conclusion.
Please, kindly note that 00:00 MetaTrader time on 09.06.2016 was the release time of several highly important news pieces in New Zealand, that had an extremely remarkable impact on the financial market, particularly on all currency pairs with New Zealand Dollar. You can check the information about news releases with the Calendar published on myFXbook: https://www.myfxbook.com/forex-economic-calendar (the aforementioned news pieces are as follows: https://prntscr.com/cim1nv )
The mentioned news pieces have caused very high volatility in the market at 00:00 and further, which resulted in significant spread widening, abrupt price movements, and huge price gaps. You can prove this fact with the chart in MetaTrader 4 for NZDUSD and NZDJPY: https://prntscr.com/cilxj3 , https://prntscr.com/cilxoh
Considering your NZDUSD orders, which had Take Profit level set by you, we would like to remind you, that according to the Customer Agreement:
4.5.2. In the cases of price gaps order execution is determined by the following rules: a) If 'Take Profit' level of a pending order is in the price gap during order opening, once the order is opened Take Profit settings will be annulled. In such a case a note is added to the comments: (tp cancelled/gap).

The following comments in MT4 prove this point: https://prntscr.com/cim53t

Unfortunately, the price set by you for these pending orders has got into price gap, therefore they have been opened at the first quote after the price gap, which is 0.70997.

Considering your NZDJPY orders, since these orders has got into price gap too, they also have been opened at the first quote after the price gap, which is 76.015.
We would like to mention, that when current loss of all open orders on a trading account exceeds the allowed limit, a Stop Out event occurs, i.e. your margin level becomes less than 20%. In this case, the server will close your orders automatically one by one with the comment “so:…./…/…”.
Example: so: -36.0%/-5.1/14.2 – the order was closed by stop out (where -36.0% is the margin level at the time of order closure, -5.1 – remaining funds at the time of order closure, 14.2 – margin).
According to the Customer Agreement:
3.6.2. The Company is entitled to mandatory closing of a Client’s open positions without prior notification of the latter one, if Margin level is lower than 20% of the necessary margin for maintaining open positions.
This is exactly how your orders were executed.
This sharp price movement in an unfavourable direction also caused your account balance to reach Stop Out level, that is why, the system closed all your orders automatically one-by-one in order to prevent your account balance from going negative. The following comments in MT4 prove this point:
https://prntscr.com/cim5lg
It is worth mentioning that different brokers have different liquidity providers which send slightly different quotes. And price gap situation with one broker doesn’t always mean the same situation with other broker.
Also, we would like to remind you that news trading is one of the most risky strategies on Forex as it bears high risks of losses.
We hope that we have managed to resolve this issue and thank you for your understanding!

I came to them from an IB who offers free VPS for my robots -- and this is the only reason to stay.

Positive:
Cent account

Negative:
Fee for money in/out. I didnt pay much attention and deposited using Skrill: 7.5% fee(!).
Not regulated
Interest on swap (long AND short); no way to get swap free account.
Strange things in order execution: my Grid traders always win (semi automatic, I look at fundamentals, too).
  Green numbers every day. Same constellation -- different brokers. This night 1 of them produced RED at FBS.
  I compared with the other (good) brokers: All the trades from the grid traders basket closed within 6s with nice profit.
  Same robot / same parameters on FBS: FAT RED numbers. Why that??
  The basket of trades was closed wihtin... not 6s -- on FBS the robot needed 32 MINUTES to close the trades... 😡

I just knew FBS from a friend and by look of it I think it was okay, until something really unacceptable happend.

I trade for NZDUSD and NZDJPY and place the order before the big news and when it happend suddendly my order price change by itselft and the price gap happended, I got margin call because my SL cancelled by itself.

I can't accept this since ONLY FBS Trade have price gap on NZDUSD and NZDJPY on that day but not other broker. I used FXpro and XM and place the same pending order I put on FBS. I hit my TP and my order was opened where I place it, and NO PRICE GAP.

WHY only FBS have price GAP on NZDUSD and NZDJPY? to be exact on 9/6/2016. 0000hours

nice broker.
I get twice bonus from them,5$ and 123$.support is good and fast.good place to trade
 

After 10 days and after I told them I will write in Forex forums they finally answer! and guess what they said : it just happen! and they said I am trading on news!!!! the date of my positions are clear they I toke them hours before any high Impact news! poor fbs, you can do better! this is not an excuse!

Imagine you set SL to make sure your position will closed at that specific point, and then it closed far away from your SL and when you ask why? your broker say : it just happen! you should close your position before any news because if you dont we will close it far away from your sl for you anyway and you can do nothing!!!
 
I don't blame anyone, It was my mistake to trust this SCAM broker! but they will pay because I am a web developer and I am working on a website to alert people stay away from this broker, and guess what, I want work hard on CEO, I know some algorithms, and soon enough every search in google display my website first :) it take some time, few weeks but finally they will understand that they SCAM from wrong person.

To every person who want thing about this broker! STAY AWAY! GO FAR FAR AWAY! beleive me, its the worse broker ever. let me tell about my story :

about 9 days ago, my 3 trades on GBPUSD closed above my sl, each trades closed about 15 pips above my SL! I contact to LIVE chat they ask me to send an email, and I did, and today after 9 days no answer! and guess what, today my other trade in USDJPY closed above my sl AGAIN!!! this time 9 pips above my sl. MY SL WAS 121.12 and my trade closed at 121.204! the funny part s USDJPY NEVER MET THAT PRICE, THE PAIR HIGH WAS 121.13 when my trade closed!!!! HOW THE HELL MY TRADE CAN CLOSE 121.20 when the pair high is 121.13!!

as usual they ask me to send email AGAIN! and when I said I already sent email days ago and you never answer to that email, the live chat support said the same answer : I will forward the information sir and we will reply to you, if you have any other complain you can send it to [email protected].

I provide all proof they need in emails, but no luck! SO, ARE YOU CARE ABOUT YOUR MONEY? THEN STAY AWAY FROM FBS.

Dear Novar , could you please give us your account number?
It is not true, that you can withdraw omly deposit. Mor then 700 000 our clients can withdraw all money. Maybe there was an error in your account? We can solve this situation quickly!

Novar posted:
Not Good

Withdrawall very difficiult and amount asked evry time reduced by financial department, so impossible to empty completly account

moreover only deposit can be withdrawed to bank account and profit only with elctronic payment system

It smell very much market maker/scamer

to explain the withdrew issue
if you deposit using any electronic payment system you can withdrew to the same method unless you make single deposit using your dept card,in this case your all withdrew should be processes to your dept card or to your bank account
i deposited and withdrew many times without problem and if we wrote ( any broker name review) at google you will find many claims against all brokers and many people talking about how this broker is amazing
i used FBS for several years without any problem
and to make some explanation i read very bad review about insta but i opened an account with them and so far so well till now so dont decide about any broker depends on what you read

Not Good

Withdrawall very difficiult and amount asked evry time reduced by financial department, so impossible to empty completly account

moreover only deposit can be withdrawed to bank account and profit only with elctronic payment system

It smell very much market maker/scamer